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You know about the crimes of the untouchable international banks, including the rigging of LIBOR…
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You know about the crimes of the untouchable international banks, including the rigging of LIBOR rates which dwarfs even the magnitude of their precious metals markets manipulation. Well, it's gotten so bad that the banks are attempting to ditch LIBOR all together by 2021. According to Bloomberg, "The 50-year-old global borrowing benchmark that became a byword for corruption, is headed for the trash heap of history." And Lynette Zang thinks what this will mean for the more than $350 TRILLION in securities which LIBOR underpinned, is nothing short of a calamity: a total collapse. The clock has been ticking since long before the 2008 crisis, and Lynette believes the global debt bomb will finally detonate in 2021.
Libor Funeral Set for 2021 as FCA Abandons Scandal-Tarred Rate
https://www.bloomberg.com/news/articles/2017-07-27/libor-to-end-in-2021-as-fca-says-bank-benchmark-is-untenable-j5m5fepe
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