Criminal charges have now been filed in the United Kingdom against traders at megabanks Citibank and UBS for their alleged role in manipulating the LIBOR interest rates (see first link) .The LIBOR interest rates control or influence all kinds of global markets all over the world so the manipulation of the LIBOR rates would manipulate/criminally influence virtually all global markets. The link states that this action has sent “shock waves around the world” and that “The charges ‘are just the beginning'” so more charges against top bank officials and staff members can be expected. The link opines that the charges mean that “the era of no-accountability at the global banks is over.” We’ll see.
 
The second link reports that Hong Kong is also investigating the global banks for the same criminal offenses. It reports that the UBS, Barclays and RBS banks have already paid fines for manipulating the LIBOR rates, and the link also indicates that as many as “133 traders at 20 global banks had attempted to manipulate foreign exchange and interest rate benchmarks.” This statement reveals the criminality within the banking system and the charges by authorities may become far wider, indeed,
 
Years ago, I posted several commentaries about the “market-rigging software” that had been developed in-house by Wall Street mega-bank Goldman Sachs (see 7/16/2009 post for one of these). The third link and fourth link detail the revelations that were very briefly made public before the story was quickly hushed up. I’m old enough to remember the days when insider traders were actually imprisoned for criminally profiting from insider market information (see fifth link). As the third and fourth links indicate, the US government, instead of prosecuting and imprisoning the Goldman Sachs officials who developed a dishonest (and surely illegal) market-rigging software program, used the FBI to arrest the Wall Street whistle-blower who revealed the market-rigging program—-thereby shielding the guilty parties at Goldman Sachs. The only conclusion I can come to is that Goldman Sachs was manipulating global markets with the full consent and cooperation of the US government. What other conclusion is there that makes any sense if the information in the third and fourth links is correct?
 
I think we are just beginning to get a few insights in media articles into the extent of the corruption that exists in the global trading markets and the global banks that control these markets. Time will tell if the prosecutions are serious or whether they turn out to be whitewashes of the guilty.
 
The sixth link is by a financial analyst whose columns I have occasionally passed on to readers of this blog (or, more often, in the bonus links which are sent out to the donors who support this website). His columns do have an “attitude” and I wish he would document his assertions better. Some of his revelations, if true, will surprise you about what is really going on behind the scenes. I obviously cannot vouch for the accuracy of his charges, but I pass this publicly-available Internet link on to you simply for your information and evaluation. This link alleges and concludes that the corruption in the global banks, financial and monetary markets, political leadership, etc, is so vast and deep that it can scarcely be described. Most interestingly, that assessment is exactly the same as is expressed in the prophecy contained in Revelation 17 and 18 about the corruption of the latter-day global financial/economic/political system called “Babylon the Great” in that prophecy. Revelation 18:3 particularly parallels the tenor of the allegations made in this link. Revelation 18:3 prophesies that in the latter days the “merchants of the earth” (a very apt phrase for modern multinational corporations of all kinds) and the “kings of the earth” (the political and governmental leaders) will be “in bed” with each other in our latter-day time period to enjoy a lavish lifestyle at the expense of everyone else in the world. 
 
Revelation 17-18 prophesy that the latter-day system we now have will collapse at some point when a cryptic alliance called the “seven heads and ten horns” cooperate to tear down the current global system (which is dominated by the US dollar), and replace it with an age-ending “beast” system. How close are we to this happening? I do not know. However, some top global financial leaders warned that the entire global financial system was within hours of a systemic collapse during the Wall Street fiscal crisis in 2008. So…according to that assessment, we have lived five years on borrowed time. How much time do we have left before the prophecy is fulfilled?
 
For more detailed biblically-based information on this topic, please read my article, Is Babylon the Great about to Collapse…Ushering in a New Beast System? For detailed historical information explaining why the Bible uses the term “Babylon the Great” to describe our modern, banking-based, global economic system, please read my article, The Babylonian Origin of the Modern Banking System. After reading that article, you’ll appreciate just how appropriate the terminology of the prophecy in Revelation 17-18 really is!