Скачать или смотреть THE LIBOR LIE: How Banks Rigged the Price of Money | How Banks Rigged Interest Rates (The LIBOR Lie)

THE LIBOR LIE: How Banks Rigged the Price of Money | How Banks Rigged Interest Rates (The LIBOR Lie)

For decades, the world’s most powerful banks secretly manipulated the price of money itself.

It wasn’t a stock.
It wasn’t a currency.
It was LIBOR — the London Interbank Offered Rate.

LIBOR decided how much you paid on your mortgage, student loans, credit cards, and even how governments borrowed trillions. More than $350 trillion in global contracts were tied to this single number.

And it was built on trust.

Each day, major banks like Barclays, JPMorgan, UBS, Deutsche Bank, and Citigroup simply reported what they believed borrowing would cost — without real transactions, without verification.

That trust became a weapon.

Traders quietly nudged the rate.
Banks colluded in secret chat rooms.
Tiny changes moved billions.

When the 2008 financial crisis hit, LIBOR stopped reflecting reality — but the world kept using it anyway. By the time the truth emerged, the damage was already done.

This video breaks down:

What LIBOR really was

How banks manipulated it for profit

Why regulators failed to stop it

How the scandal was exposed

Why the system hasn’t really changed

LIBOR wasn’t just a financial scandal.
It was a lesson about power, incentives, and trust in modern capitalism.

Welcome to The Financial Timeline — where money, power, and history collide… and nothing is ever as simple as it looks.