EN
http://qz.com/184336/gold-is-now-the-latest-bank-price-fixing-scandal/
As if there weren’t enough reasons to cast a jaundiced eye on the banking system, Bloomberg reports that several international banks are now accused of manipulating a key benchmark, known as the gold fix, in the $20 trillion gold market. The charges of fixing gold prices in London are being leveled at Barclays, Deutsche Bank, ScotiaMocatta (the metals-trading division of Canada’s Scotiabank), Société Générale, and HSBC by New York resident Kevin Maher, who filed a lawsuit against the banks in a US federal court yesterday evening (Mar. 4). The lawsuit follows a draft research report published last week by New York University Professor Rosa Abrantes-Metz and Moody’s Investors Service analyst Albert Metz, noting unusual patterns in the gold benchmarks.
The allegations mark the latest knock to global banks’ role as rate setters in key areas. Most recently some 15 banks and more than 20 traders have been facing a worldwide probe into charges that they’ve been manipulating exchange rates. . . . con’t
http://qz.com/184336/gold-is-now-the-latest-bank-price-fixing-scandal/
Your Tax Free Donations Are Appreciated and Help Fund our Volunteer Website
Disclaimer: We at Prepare for Change (PFC) bring you information that is not offered by the mainstream news, and therefore may seem controversial. The opinions, views, statements, and/or information we present are not necessarily promoted, endorsed, espoused, or agreed to by Prepare for Change, its leadership Council, members, those who work with PFC, or those who read its content. However, they are hopefully provocative. Please use discernment! Use logical thinking, your own intuition and your own connection with Source, Spirit and Natural Laws to help you determine what is true and what is not. By sharing information and seeding dialogue, it is our goal to raise consciousness and awareness of higher truths to free us from enslavement of the matrix in this material realm.
