Eliot Spitzer Is Indignant Over the LIBOR Scandal

It's over for the banking cabal ... Watch this video to understand the largest banking corruption scandal in history. These large banks have stolen money from every single human on the planet. Not one person was left out. Not even YOU! Now that it is exposed there is no going back. We will ALL support the "NO MORE BAILOUT" mantra ... The evil vampire banksters have been stabbed in the heart with various stakes in the past few months but this one is by far the largest. – 2012Sprint at YouTube

Dominant Social Theme: LIBOR is the center of the sun.

Free-Market Analysis: This video is a good example of what we're "on' about when it comes to the phony LIBOR scandal. Top tough financial reporter Matt Taibbi and "Viewpoint" host Eliot Spitzer discuss the LIBOR mess and come to the conclusion that it is the biggest scandal in the world.

But is it? And what exactly is the import of this "biggest scandal"?

Some of this video seems emotionally driven. You can see Eliot Spitzer fizzing like Mentos in a Coke. He's so excited he's practically jumping up and down.

This is the same Eliot Spitzer who used to regularly ruin people's lives by accusing them of outlandish crimes that his staff could not prove. He would later drop the charges and leave the person's life in ruins. No apology, though.

Eliot was "fighting crime."

And now he is bringing this avenger mentality to the LIBOR scandal. The assumption of criminality drives the show. The big banks "rigged" the LIBOR rates and now heads must roll.

No discussion of central bank price fixing, though. No talk of the accusation that the Bank of England was entirely on board with the so-called LIBOR manipulation.

No discussion of central banks in general and the money manipulation that goes on every day.

We've written before that the LIBOR scandal reminds us of the phone hacking scandal in Britain. Various staffers of Rupert Murdoch's publications are accused of hacking into people's phones. The indignation over this "criminality" has echoed through Western media for months.

And yet, at the same time, Britain's top intelligence agencies are demanding that they have access to EVERY electronic communication to create a situation where "criminality" can be promptly reviewed – and "criminals" captured.

This surely constitutes the most massive media spying ever contemplated in the history of the world. Meanwhile a few reporters are pilloried for privately listening in on the phone calls of D-listers.

The same thing could be said for this LIBOR scandal. One hundred and fifty central banks massively fiddle with the price and volume of money every day. But when Barclays does it at the behest of the Bank of England all hell breaks loose.

Sounds like an elite-triggered dominant social theme to us. See our other recent articles for more on this subject, including the motives of the top power elite that is orchestrating this nonsense.

And watch this video to see if any larger issues about the set-up of our financial industry or economy are addressed. This show is all about insights and analysis of modern society. But it seems pretty linear to us.

Spitzer and Taibbi agree a crime has been committed and propose increased regulation and criminal prosecutions to make sure It Never Happens Again.

Wow. What a surprise.

Watch the video here: 

(Video from 2012sprint's YouTube user channel.)