Thursday, April 4, 2013

Buffy closes the Hellmouth

Ever heard of 'The International Consortium of Investigative Journalists'? Using information that must have come from something akin to the 'Anonymous' hackers (or maybe the NSA) they have begun to reveal the rampant tax evasion of the wealthy. 

The first articles based on a cache of 2.5 million files were published Thursday (today), laying bare the secrets of more than 120,000 offshore entities, including your basic shell corporations and legal structures known as trusts,  that have been used to hide the finances of politicians (Mitt Romney?), crooks, drug smugglers, dictators and others from more than 170 nations.

Economists studying international banking reports have estimated the money involved in 'tax haven' banking at between 20 and 30 trillion dollars. This could be a low estimate according to the information coming out today.  

At least eleven Americans are already facing jail time for activities linked to this sort of shadow banking. It appears to be the tip of the iceberg, (as if you were surprised), but the demons of the night are being dragged out into the light of day, and they don't like that burning sensation. @BruceEnberg on Twitter.com

1 comments:

Anonymous said...

What I feel is happening is a bait and switch. The impression the public is given is that those nasty Super-rich are finally being brought to justice. Look at who are the ones going to jail and you will find them mostly to be what I would call,"the disposable middle class of the rich.
The real danger and power play being made here is that international corp. have all been left out of this crackdown. In order to satisfy the hunger of all these separate national states the accounts of mere individuals are being offered up as sacrifices to get corporations off the hook. We dont live in any particular country they say. If you need money, you should restrict your collections of tax to only your own citizens,{slaves?}.