To any who analyze our daily “news” (rather than simply absorbing it like a sponge), it has been obvious for quite some time that the information with which we are bombarded each morning is not “news to inform us”, but rather disinformation to deceive us, and conceal the farcical rigging of global markets.

A major U.S. bank has recklessly leveraged its balance sheet, and then engaged in totally fraudulent accounting to hide massive losses on very risky bets. Then, instead of “deleveraging”, it uses its crooked accounting to report phantom-profits, and makes huge pay-outs on those phantom profits, which in reality is doing nothing but ratcheting-up the bank’s leverage even further.