by James Buchanan
Very few Americans were aware of the LIBOR scandal. The US Senate was investigating it and holding hearings at one point, but the mainstream media scarcely let out a peep. One source notes “The Libor scandal was a series of fraudulent actions connected to the Libor (London Interbank Offered Rate) and also the resulting investigation and reaction. The Libor is an average interest rate calculated through submissions of interest rates by major banks in London. The scandal arose when it was discovered that banks were falsely inflating or deflating their rates so as to profit from trades, or to give the impression that they were more creditworthy than they were. Libor underpins approximately $350 trillion in derivatives. It is administered by NYSE Euronext, which took over running the Libor in January 2014.”
“The banks are supposed to submit the actual interest rates they are paying, or would expect to pay, for borrowing from other banks. The Libor is supposed to be the total assessment of the health of the financial system because if the banks being polled feel confident about the state of things, they report a low number and if the member banks feel a low degree of confidence in the financial system, they report a higher interest rate number. In June 2012, multiple criminal settlements by Barclays Bank revealed significant fraud and collusion by member banks connected to the rate submissions, leading to the scandal.”
In case you missed it, the LIBOR scandal involved $350 TRILLION dollars in derivatives. Now think of all the times you’ve read a news story about someone being murdered for some paltry sum in the tens of thousands of dollars. What do you suppose the motivation will be for some dishonest parties to bump off people who knew too much or who were not cooperating with them in their efforts to swindle away billions –if not hundreds of billions of dollars?
Not only would the “hit men” be extremely professional; they might leave so little in the way of clues, that police investigating might see a series of banker deaths as suicides, which brings us to the latest banker death.
An article from the American Thinker reports: “This is either the most interesting case of coincidental deaths or one of the most evil plots in modern history. Western bankers are dropping dead all over the place – most of them youngish and in good health. There appear to be an unusual number of suicides and ‘unexplained’ deaths.”
“Last year, 36 major bankers died. There have been 3 already this year, including the latest – a Dutch financier who worked for Amro bank.”
“Zero Hedge blog has been following this story:”
“Following the deaths of 36 bankers last year, 2015 has got off to an inauspicious start with the reported suicide of Chris Van Eeghen – the 4th ABN Amro banker suicide in the last few years. As Quotenet reports, the death of Van Eghen—the head of ABN’s corporate finance and capital markets—startled friends and colleagues as the 42-year-old had a great reputation at work, came from an illustrious family, and enjoyed national fame briefly as the boyfriend of a famous actress/model. As one colleague noted, ‘he was always cheerful, good mood, and apparently he had everything your heart desired. He never sat in the pit, never was down, so I was extremely surprised. I cannot understand.’”
“As Niburu details, friends and colleagues were startled by the news that Chris van Eeghen had committed suicide. He worked in Amsterdam for ABN / AMRO in the position of head of syndicate and corporate finance markets.
“Again, there is again a familiar pattern, namely that there is no indication that Van Eeghen had plans to take his life. Ostensibly a successful banker, coming from what was described as an illustrious family. Chris was also a familiar sight in Amsterdam’s nightlife scene and enjoyed national fame as possible new boyfriend of Tatjana Simic (a famous Croatian-Dutch model, singer, actress).”
“Most believe that the suicide is not related to his work at the bank, but a former colleague had noticed that on his Facebook recently changed its job title to ‘former.’ Chris leaves behind a son – who had recently been cleared of cancer. This is the 4th ABN Amro suicide in recent years…”
Perhap Chris was trying to let the world know that he was soon to be the former head of a bank, not to mention being a former live person on the earth.
So if something sinister is going on, what might be causing it?
Well, an article on Forbes from last summer notes “This New Libor ‘Scandal’ Will Cause A Terrifying Financial Crisis… Two years ago, a major scandal rocked the world after it was revealed that big international banks had long been manipulating the Libor interest rates to fraudulently boost their profits. As outrageous as the Libor rate-fixing scandal was, it pales in comparison to another Libor “scandal” that is occurring at this very moment, but has received virtually none of the attention that it rightfully deserves. The ultimate fallout of this much larger, little-known Libor ‘scandal’ will be nothing less than an international financial crisis.”
While these deaths may add up to a scandal even more massive than the last one, there might be other issues like the stability of our financial system and just how viable is the dollar as a world currency when we have a Socialist African proposing a four trillion dollar budget and a Congress that will likely rubber stamp it.