muses of the moment

February 27, 2013

Lie-bor

Filed under: Economic Crisis, Global Debt, Odds 'n ends, Taxes, US Government Debt — totallygroovygirlfriday @ 2:33 pm

The largest financial crime in history that has never been acknowledged or prosecuted.

Here is a very extensive article on Libor. It covers the impact on the State of California and the cities of California. And the scam that they are running on their investors and their taxpayers. By the way, this is not “fixed”, even though the Libor scam has been exposed.

States and Cities are still vulnerable to high interest rates. And CA is like a whole country in its economy and debt, bigger than Greece. This is another way that debt is being passed to taxpayers and the pensioners will get screwed out of money to pay investors.

This systemic problem of state and city debt will not be fixed until it collapses and resets.

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