The LIBOR scandal

Each day a cabal of leading London banks receives an estimate that measures the cost of funds to large global network of banks operating in London’s financial markets or with London-based counterparties. Rate calculations are complex computer algorithms that incorporate variables such as time, maturity and currency rates. Member banks are international in scope, with more than sixty nations represented among its 223 members and 37 associated professional firms – as of 2008. Eighteen banks for example currently contribute to the fixing of US Dollar LIBOR. $800 trillion in commerce is based on this key rate.

As a result of the LIBOR rate manipulations and fraud, the floodgates of ensuing lawsuits could completely destroy the financial system. In contract law, there is a portion known as Warranties and Representations which is the backbone of any agreement. A party promises that all information is correct and accurate, and in the case of fraud or misleading information, the contract can be voided. This occurrence actually took place in the City of Oakland recently, where the city council voted to null a $15 million debt owed to Goldman Sachs for derivatives purchased by the municipality.

The above brief description of LIBOR is much too simplistic relative to the far-reaching global impact this widening chink portends to unleash. Speculators are already saying that once the depth of the global LIBOR fraud is actualized, gold could hit $10,000 an ounce.

This scrutiny is shedding light on an imbalance that is a multiple of trillions of dollars; [link to] the claims existing in paper format on physical gold held under Liberty-33 are several orders of magnitude greater than the actual physical gold these claims supposedly have recourse to.

This smells of another shell game, where the victim has once again been left clutching a worthless sack of ‘structured products’ while the con absconds with the gold. LIBOR is proving itself to be the Mother of All Casinos; an $800 trillion honey pot involved in the largest fleecing of the flock in the history of the planet!

In order the illusionists maintain their guarded trade secrets, the magicians, excuse me, Titans of Industry are now frantically scrambling to anoint Treasury with the task of auditing the Federal Reserve; a bit like the Vatican auditing Opus Dei or the Jesuits.

Speaking of which!

For those who have dipped their toes into Eric Jon Phelps’ – The Vatican Assassins; given the history of the Vatican/CIA ratlines, it would make sense that an emerging 4th Reich would find neo-Roman Vatican vaults a safe harbor from which to finance and launch marauding viciousness against any heresies the throne may perceive as a threat to its worldly/heavenly aspirations.

In a sense, Phelps’ zeroing in on the Jesuits may be inadvertently placing the spotlight onto the real money power. So, how awash is god’s Bank in regards to the LIBOR rate fixing scandal? Is it blessed so that it will emerge unscathed? Or, is LIBOR simply a magician’s trick, a distraction to make palatable the bitter pill of a unified global currency when the time is ripe for its introduction? We will momentarily find resonance with some of those aspects to other elements within this inquiry.

Eric Jon Phelps at times is a bit difficult to navigate for he exposes a peculiar side of himself that is a bit uncomfortable. Even so, he does throw out some studied tidbits that should not be cast aside. Phelps states that both Hitler and Stalin were agents of the Jesuits: According to the late Jesuit priest, Fr. Alberto Rivera, a fellow Jesuit named Fr. Bernhardt Staempfle wrote Mein Kampf, as the stage was being set for Germany’s new Roman Catholic star, Adolf Hitler. Since Germany was the seat of Protestant Reformation, according to Phelps, Hitler’s publication was to set in motion the Vatican’s reclamation machine. Rome has never fully recovered from the Protestant or Gnostic wounds left in its belly; covertly it will continue to writhe and lash out in agony until it again has the upper hand.

Hitler Catholic Background [link to]

Stalin Catholic Background
[link to]

The question of Joseph Ratzinger’s involvement with Nazi Germany and the Hitler Youth is important: there is reason to think that Ratzinger has been less than fully candid about his past.

During much of the Nazi era, Joseph Ratzinger lived with his family in Traunstein, Germany, a small and staunchly Catholic town between Munich and Salzburg, close to the Führer’s mountain retreat in Berchtesgaden.

Traunstein also saw more than its share of local violence. In his biography of Joseph Ratzinger, John L. Allen, Jr. says that anti-Semitic violence, displacement, deportation, death, and even resistance turned the town into “an over-populated lunatic asylum of hopeless inhabitants.”

It’s curious that one of the lessons which Joseph Ratzinger draws from the experiences of German Catholics under the Nazis is that Catholics should become even more obedient to their ecclesiastical leaders rather than freer to adopt independent courses of action. Ratzinger believes that greater fidelity to Catholic doctrine, as defined by the Vatican, is necessary to counter movements like Nazism.

Joseph Ratzinger joined the Hitler Youth in 1941 when, according to him and his supporters, it became compulsory for all German boys. This is not true because compulsory membership was established in 1939.

Joseph Ratzinger was a member of an anti-aircraft unit protecting a BMW factory that used slave labor from the Dachau concentration camp to make aircraft engines, but he was drafted into the military and didn’t have any choice in the matter. In fact, Ratzinger also says that he never fired a shot and never participated in any combat. Later he was transferred to a unit in Hungary where he set up tank traps and watched as jewish people were rounded up for transport to death camps. Eventually he deserted and became a prisoner of war.

Although it is true that Ratzinger deserted the military rather than continue fighting, he didn’t do so until April 1945, when the end of the war was quite close.


Up until now, the Holy See has pretty much avoided any attention in how it fits into the tentacles of global finance. The question to ask is: Who does it serve? Who really commands the purse strings of the IMF? Via the IMF, are the central banks, surreptitiously, fed into the Vatican’s IOS through interlocking backdoors? The pope does proudly wear the two keys; a blatant symbolical statement, enunciating the fact that he alone is god over both material and spiritual realms.


(11/25/2011) The Vatican calls for radical reform of the world’s financial systems, including the creation of a global political authority to manage the economy.

Pope Ratzinger: We Need A World Government

That is one of the main themes of his brand new encyclical entitled Caritas in Veritate, or Charity in Truth. In it, Pope Ratzinger publicly calls for a “true world political authority” with “real teeth”.

Papa Ratzinger, with keys to both realms, proclaims that the creation of a World Central Bank to control the world is good for you. Papa Ratzi does not make this proclamation lightly, without including his seat of authority into the equation. That being, as long as Papa is the president of the single currency, new World Bank; which, of course, he may already have a head start.

According to – Vatican Exposed by Paul Williams: Despite its claims otherwise, the Vatican Bank is not a branch of the State of Vatican City. (Stato della Citta del Vaticano). It exists as an entity unto itself without corporate or ecclesiastical ties to any other agency within the Holy See. It is under the direct supervision of the pope. He is the one and only stockholder. He owns it; he controls it.

Pope Ratzinger envisions a Vatican with teller’s windows and he as CEO of all the worlds’ splintered currencies; a unified ring of power, beyond even the wildest dreams of that wretched creature Gollum within Tolkien’s Trilogy.

The Catholic church is already the biggest financial power, wealth accumulator and property owner in existence. It is a greater possessor of material riches than any other single institution, corporation, bank, giant trust, government or state of the whole globe. The pope, as the visible ruler of this immense amassment of wealth, is consequently the richest individual of the twentieth century. No one can realistically assess how much he is worth in terms of billions of dollars.

Is it possible that this turkey then is already sitting on the majority of the world’s gold bullion?


The largest single holder of ingot/bullion gold of any organization for the past 1,000 years is and has always been the Roman Cult controlling the Catholic Church.

The Roman Catholic Church controls approximately 60,350 metric tons of gold, twice the size of the total official gold reserves around the world or approximately 30.2% of all the gold every mined/produced. At current prices, it puts the asset value of the greatest treasure in human history at over US $1,245 Billion.

For most of the past 1,000 years, the Catholic Church has been in a dominant position to control the world market of gold with over 50% of all gold and a high point from around the 14th Century to around 17th Century of controlling over 60% of the total gold ever mined.

The treasure has been split between various declared reserves as well as undisclosed reserves. Only 20% of total gold reserves are stored through third parties in official reserves, the largest declared reserve being the Federal Reserve Bank, followed by the reserves in Italy, Switzerland, Germany and France.

The largest private (non-disclosed) reserves are unknown, but likely to also be in Western countries and corresponding to the major private reserves of the oldest private banks and financial firms of Europe.

The official myth, promulgated from this very throne, continues its perpetuation in that today’s world banking crisis is, yet again, the result of another Jewish conspiracy to dominate the world, when in fact the real thief all along has been the Holy See; having displayed the most rabid form of racist hatred from the moment of its inception; a throne currently crowned by an ex-Nazi, who was nurtured within the ranks of the Hitler Youth, Pope Ratzinger. Fact is, even within its current tormented frame of mind, Israel has never laid any such worldly claims to lands other than that which was occupied under Pharaoh Tuthmosis III – their King David – that being from the Nile to the Euphrates. On the other hand, the Romish Popes have always argued the right of dominion over absolutely all secular and spiritual aspects everywhere; demanding everyone’s fealty should be displayed on their knees before its throne. It is the foundation from which it began under Constantine and continues as such today under Ratzinger. Israel has simply been a pawn conned into believing it has a seat at the Romish table of empire; temporal because the Pope believes that is where he is entitled to sit and intends to do so.

It is easy to deflect blame or suspicion away from oneself, with the wave of a hand conjuring up that age-old mythological psychodrama, stirring the bloody barbs within the minds of a civilization whose children have suckled at the breast of a shameful institution whose trail of bloody barbarism and genocide has usurped the Crown from beyond this realm; a civilization whose children are imbued from birth with the notion that the jewish people killed their savior, when in fact it has been Rome all along; it has been the artifice of Rome who killed civilization and rendered the forested valleys barren. Now the Holy See seeks to become the coin of the realm.

With the appropriate Reichstag fire, the new proposition is bound to be: Too Big to Fail!


About cmardern

Member of the remnant body of Jesus Christ preaching the everlasting gospel in the last days of gross darkness
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3 Responses to The LIBOR scandal

  1. GC says:

    Read “The Vatican Billions” by Avro Manhattan. A person reading that book would never again make the mistake of underestimating the Vatican as being EASILY the single richest entity that this world has ever seen, by far.

    And while Joey Ratz was indeed a member of Hitler Youth as a youth, let’s not forget that his predecessor, JPII, was a salesmen for Zyklon B gas during WWII.

    A true historical fact. You can’t make this stuff up.

  2. Mark says:

    Thanks Chris for putting up the anonymous Libor piece, good stuff. I’ve confirmed some of it elsewhere. And thank you Gordon for the tip on the book. Why is there always a Jesuit under the last rock at the end of the trail? This time around, the stench from Rome is not from it’s burning. m

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