Interest rates are low and have been shown to have been FIXED to be low by virtue of LIBOR fixing by the biggest banks.
Why?
Low rates cause bond and other asset prices to rise higher than they would otherwise be. This is especially useful for banks that hold assets to back their liabilities... its all paper afterall. It shows that banks are more "solvent" than they are. Many of their assets... if marked to market would be valueless, and the bank, unable to borrow and tranform their assets with fractional reserve ratios would be bankrupt.
But its not just the banks
that are benefiting from artificially low rates. US and UK Central Banks have likely encouraged banks to submit artificially low
prices to manipulate LIBOR lower. If bond prices drop and yield's rise, western governments would be unable to pay their bills which is why they are
encouraging the manipulation of this index and in doing so, are a party
to the fraud, itself.
THAT'S WHY NOBODY GOES TO JAIL!!!
The mainstream media is complicit so the sheeple watch hockey and eat doughnuts....
Read About: Money and The Kipawa River, Whitewater Ontario,Les amis de la rivière Kipawa,The Proposed Tabaret River diversion project, Northern Ontario Liquid Adventurers,Canadian Rivers Network The viewpoints and opinions expressed here are those of the author and are not necessarily those of Whitewater Ontario or Les Amis de la Riviere Kipawa. Those groups did not vet these comments and would not likely endorse the views expressed here or the manner in which they have been expressed.
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