Libor Rates And The Coming Lockdown of the Global Economy

[cronus]

Whilst these Libor things were 'corrupt' for want of a better word the big machine worked quite well. Now these cross-border currency mechanisms have been 'straightened out' for want of a better word how long before the global economy stalls on account of 'hyper-efficiency' for want of a better word? And will bitcoin rescue us all or be sad irony on the ashes of a dead global civilization?

[Sean Hayden]

[cronus]

LIBOR or ICE LIBOR (previously BBA LIBOR) is a benchmark rate, which some of the world's leading banks charge each other for short-term loans. It stands for Intercontinental Exchange London Interbank Offered Rate and serves as the first step to calculating interest rates on various loans throughout the world.

[Sean Hayden]

When I hear Intercontinental Exchange London Interbank Offered Rate I reach for my Luger.

[JimC]

When I hear Intercontinental Exchange London Interbank Offered Rate I reach for my Luger.

Thief!

[Sean Hayden]

[Rum]

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