Question EVERYTHING!

025 – A Motive for Conspiracy Arises with Huge LIBOR Scandal

Over the past few months I’ve been detailing a lot of information about the mass shooting in Aurora, Colorado in the summer of 2012. I have done this both to show you a little bit about how a conspiracy theorist’s mind works but also to share with you a deeply personal story that led to many, many sleepless nights. Conspiracy theory and paranoia kind of go hand and hand, especially when the conspiracy is so grand that TRILLIONS of dollars and extremely powerful people are involved. Perhaps you’ve been asking yourself all along, “WHY would anyone stage a mass shooting or frame an innocent person for a shooting he didn’t commit?” You may have even agreed to me up to this point that there were things a bit suspicious (and trust me there is MUCH more to come) but you might still have a hard time buying into it because you see no logical motive for setting up an innocent man. Well, today I’m going to reveal what I believe is possibly the biggest motive behind framing a young college student for mass killings he didn’t commit (if indeed he didn’t commit the crime).

One of the earliest and most promising early conspiracy theories to hit the internet involved James Holmes father, Robert Holmes.  According to his LinkedIn Profile online, Robert Holmes got his Ph.D. in statistics in 1981 from the University of California at Berkeley. He would later go on to work for a small software company based out of San Diego known as HNC.  HNC, according to it’s company profile, specialized in the use of neuroscience technology (the same field of study Robert Holmes son James would later go into). HNC is also known to have partnered with the government research agency DARPA to develop “cortronic neural networks” that enable machines to translate aural and visual stimuli and simulate human thinking. You may recall that young James Holmes also worked for DARPA as an intern in his teens while attending high school. These are just another couple of connections between the entire Holmes family and government/intelligence programs.

The company Robert Holmes worked for, HNC, found their market niche as a company in a product line they created to detect credit card fraud using the human brain as a model for detecting fraud habits. This product allowed the small software company to later merge with another company by the name of the Fair Isaac Corporation (better known as FICO).  As most Americans are well aware, a person’s FICO “score” determines every American’s ability to obtain credit and at what interest rate. James’ father Robert Holmes was still believed to be working for HNC/FICO even after the shooting in 2012.

The most interesting theory about Robert Holmes and his son James came out shortly after the shooting in Aurora, Colorado in 2012. According to early researchers (aka conspiracy theorists), Robert Holmes was set to testify before the United States Congress shortly before the mass shooting occurred. Specifically, Robert Holmes was believed to be testifying to Congress about what he discovered relating to the massive LIBOR banking scandal that had recently been in the news.  It is significantly interesting to me that after the shooting, ABC News would simply gloss over the significant position Robert Holmes holds at HNC/FICO, or the rumors that he was testifying before Congress days before the shooting, by simply referring to him as a “manager of a software company”. That latter description seemed to take hold in the public conscious as if his father was a no-nothing low level programmer and not someone heavily involved in something REALLY big. In reality, it appears that Robert Holmes was a brilliant mathematician capable of uncovering one of the biggest financial scandals in recorded history.

To get a better understanding of the LIBOR conspiracy theory it would do well for us to review the facts. LIBOR stands for the “London Interbank Offered Rate” and refers to the average interest rates used by major banks in London, for the purpose of lending money to each other.  The LIBOR scandal erupted when it was discovered that banks were falsely inflating or deflating their interest rates so as to profit from daily trades and give the impression that they were more creditworthy than they really were.  According to Wikipedia, LIBOR underpinned approximately $350 trillion in derivatives and is controlled by the British Bankers Association.  In June of 2012, only a month before the shootings in Aurora, Colorado, multiple criminal settlements were made by one of the banks involved in the scandal. The criminal settlements revealed significant fraud and collusion by the other member banks connected to the interest rate scandal as well.

Skeptics of the LIBOR scandal conspiracy theory and the connection to James Holmes have tried to assert that what happens in Britain has nothing to do with us in the United States and scoff at the notion that Robert Holmes would have had any reason to testify before a United States Congressional Committee on something that doesn’t even involve our country.  Unfortunately, these individuals are horribly misinformed as the LIBOR scandal very much crosses into United States jurisdiction and the United States Congress was very much conducting an active investigation into the issue.

What skeptics may not be aware of is that LIBOR rates are also used in United States derivatives markets and therefore an attempt to manipulate LIBOR is also an attempt to manipulate the United States derivatives markets and thus is also a violation of United States law.  In fact, one of the banks involved, Barclays Bank, was fined $160 million by the United States Department of Justice for their attempt to manipulate LIBOR rates.  Early estimates were that the LIBOR scandal costs U.S. states, counties, and local governments at least $6 billion in fraudulent interest payments. LIBOR rates, it is said, affects every single interest rate in the world, affecting HUNDREDS OF TRILLIONS of dollars. 

Prior to the LIBOR scandal, the banking industry in America had been held largely unaccountable for anything they did.  Big banks illegally manipulated interest rates, looked the other way when citizens with poor credit came looking for new home loans by giving them much higher credit ratings than they deserved, and wrote a plethora of “bad” or “garbage” mortgage loans that they knew largely could not be repaid.  Eventually the bubble burst, and homeowners were finding themselves in over their heads, unable to pay back the home loans they really couldn’t afford and big banks were losing a fortune as homes were being abandoned and turned back to the banks.  The solution, the banking industry decided, was to convince the government, and by extension the American people, that the banking industry was “too big to fail” and that for the sake of our nation’s economic stability, the government had a duty to step up and and fix their mess by refinancing all of the bad mortgage loans the big banks had written during their heyday. 

On February 19, 2009,  CNBC Business News editor Rick Santelli publicly criticized the United States Government on a national broadcast regarding its plan to rescue big banks by refinancing “garbage” mortgages, a plan that had just been announced the day before. Calling the government’s plan to subsidize garbage mortgage loans, ‘bad behavior”, Mr. Santelli suggested the American people hold a “tea party” for traders to gather and symbolically dump their derivatives into the Chicago River on July 1 of that year as a form of protest. The broadcast was recorded and posted on YouTube where it went viral, drawing a large following of supporters.  It was labeled by some as the start of a new movement in America known simply as the Tea Party movement.

By April of that same year, protests were spreading nationwide in meetings called “tea parties”.  The citizens who engaged in these “tea parties” were protesting against many things, namely out of control government spending, the wars in Iraq and Afghanistan, and general governmental abuses.  The protests soon began spilling over into various town hall meetings and members of Congress who were visiting their home states during a congressional recess were literally finding themselves being shouted at, and in some cases literally being chased down by angry constituents.  The general public’s anger and unrest would continue to build throughout 2009 and on through 2011 as the United States government engaged in increasingly socialist policies, a growing healthcare crises that was threatening to collapse upon itself, and much worse.

Despite all the fault laying squarely on the shoulders of the big banks who had gotten rich writing bad mortgages to people who couldn’t afford them, homeowners were now watching their homes being foreclosed on, being evicted, and losing everything while big banks and the failing auto industry were given huge corporate bailouts by the US Government.  The “little people” were losing it all while the mega rich continued to be rewarded for piss-poor management and/or flat out fraudulent practices.  Taxpayers, unable to even pay for their own home, watched their hard earned money simply being handed over to big businesses in the form of golden parachutes and bailouts while United States economy continued to erode. 

Completely independent of the growing “Tea Party” movement, on September 17, 2011, at Zuccotti Park in the New York City’s Wall Street Financial District, another movement was born in America known simply as the Occupy Wall Street movement.  Though originally instigated by a Canadian activist group, this grassroots movement resonated with the youth of this country and resulted in an act of largely peaceful protest striking out against corporate greed, government corruption, and the inequality of the rich.  The rally slogan of the Occupy movement was, “We are the 99%”, which makes reference to the inequality of wealth distribution in America from the wealthiest 1% of Americans to the rest of the United States population, or the 99%.

The movement quickly spilled over into cities all around the world in various “Occupy” movements against local, state and federal governments, big business, and abuses of the rich.  To date, over 100 cities in the United States and over 1,500 cities worldwide have participated in “occupy” movement demonstrations.  In many cases, major violence was just narrowly avoided as riot police rushed in to quell the growing throngs of the population.  In some cases, law enforcement officials have literally and violently beaten down citizens, the beatings caught on camera and shared virally via the internet which only further strengthened the people’s anger and resolve to fight against the system.  The movement had all the markings of a revolution brewing, the start of something much bigger about to happen in our country.

A storm is coming.

While some believe the “Tea Party” and “Occupy” movements have lost some momentum in the past year or so, the entire series of near violent uprisings, may just have been a wake up call to the filthy rich and ultra powerful of our major nations. America was literally sitting on a powder-keg of angry protestors and one wrong move, one more huge scandal such as LIBOR, one innocent kid shot during a protest, and the whole balance could be tipped and we could see open revolution in the streets of America.

Some believe that the average American citizen was finally starting to wake up and pay attention to the blatant corruption of a government that is out of control and is heavily influenced by the ultra rich.  The people are asking difficult questions aimed directly at those abusing power for so long. Why is it that the rich get richer and the poor get poorer?  Why is it when major corporations or big banks are caught stealing from the little people, they are simply slapped on the wrist with a monetary fine that dwarfs the real volume of fraud and abuse (and consequently the fine paid just goes to other wealthy people and not to the people from whom it was stolen in the first place)?  Why is it that poor management and fraud are simply rewarded with government bailouts at the taxpayer’s expense?

Some believe that American citizens are demanding a change, and a BIG one.  But how far will the people go?  Is there is a revolution coming? Will there be violence? Will citizens take up arms and strike out against the system that has been oppressing them? It’s happened before.  It could happen again.

On July 10, 2012, mere days before the shooting in Aurora, Colorado, the United States Congress began it’s own investigation into the mega LIBOR scandal and early findings were coming out that major US Banks were also involved in illegally falsifying information regarding interest rates and therefore were stealing from the rest of us via complex financial manipulations of the market.  These same mega banks that were given huge bailouts while American’s lost their homes in the recent mortgage crisis in American were caught illegally fixing interest rates to make themselves even richer while the poor got poorer! 

During the midst of a financial storm brewing in America some researchers believe that a brilliant statistician by the name of Robert Holmes would help develop a complex software program using neuroscience technology.  That software he had developed was designed to discover fraud patterns in financial transactions and was so successful that his small company, HNC, would draw attention and soon be merged with a much larger and well known Fair Isaacs Corporation (or FICO).  Though I have been unable to conclusively verify it, some internet investigators uncovered evidence that Mr. Robert Holmes was one of the early experts being called in to testify before the United States Congress regarding the new and ongoing investigation into big banking’s role in manipulating LIBOR rates.  If this is true, it is JUST the sort of thing Robert Holmes would likely have insight into.

Before Robert Holmes could be called to testify however, on July 20th, 2012, his young and extremely bright son James Holmes would, for no explicable reason, walk into a crowded movie theater in Aurora, Colorado during the premier of the new batman movie, The Dark Knight Rises and murder 12 innocent people including men, women, and children as well as wounding some 58 others.  His father, Robert Holmes, was then quickly whisked away by Federal authorities and taken in for questioning.  After this, there would be no more talk about him testifying before congress.

In addition to the LIBOR scandal, in the aftermath of the horrific shootings in Aurora, the nation began to reopen the national dialogue regarding gun control.  A key vote on gun control legislation was abruptly put on hold due to the shooting and then taken back up again, this time with victims from the theater shooting now doing informational spots on television urging Americans to pass stricter gun laws.  Politicians would point to the shooting in Aurora as a strong reason why assault rifles in particular should be banned. 

As the gun debate continued to gain momentum, Congress continued to investigate rate fixing by big banks in the LIBOR scandal.  In October of 2012, the two leading Republicans investigating the LIBOR scandal for the United States Congress reported that the ramifications of this scandal would likely extend into multi-billion dollar class action lawsuits that would tie up our courts and legal system for years to come.  The senators then set their eyes on major political figures, including the head of the United States Treasury himself, Tim Geithner, claiming he had prior knowledge of the rate-fixing scandal long ago and chose to look the other way.  These are VERY serious allegations against VERY powerful people!

In October of 2012, homeowners in the United States would file class action lawsuits against the twelve largest banks in America, blaming them for the recent mortgage collapse in large part based on their manipulation of LIBOR rates.  At the time I was heavily researching the James Holmes shooting, the investigation into LIBOR was STILL ongoing and major heads of corporations stood to face possible criminal charges, imprisonment, huge financial fines, or maybe worse.  At the very least, the congressional investigation threatened to put away heads of major corporations, heads of governments (both United States and the United Kingdom), and many more. 

A little later the same year as the shooting in Aurora, in the town of Hoboken, New Jersey, a woman by the name of Nancy Lanza saw the economic collapse in this country coming. She knew full well about financial matters, having been married to the current Vice President of GE Energy Financial Services, Peter Lanza, a major banking head.  Nancy, according to friends, would begin fortifying her home for the coming economic storm and stockpiling weapons to defend herself in the case of massive civil unrest against the nations largest banks.

Less than half a year after the shooting in Aurora, Colorado, Peter and Nancy Lanza would find their own bright 20 year old honors student son Adam inexplicably taking his mother’s weapons, shooting his mother Nancy in the face on December 14, 2012, then driving to a nearby elementary school and killing 20 innocent children between the ages of 6-9 years old, including several adults at the school before taking his own life. That shooting has come to be known as the Sandy Hook massacre. Being that Adam Lanza’s father Peter is a head of a major financial institution and James Holme’s Father was possibly testifying against big banks in the LIBOR scandal, some have wondered if it is merely a coincidence that TWO sons of big banking/financial institutions would become the nations most prolific mass shooters in the midst of a major financial investigation.