An international network of journalists has obtained some 2.5 million records from tax havens detailing shell companies, offshore accounts and dubious financial deals. The unprecedented leaks include the names of 130,000 people who at one time or other moved their money offshore.
Oligarchs and dictators' daughters apparently have a penchant for bunkering their assets on the British Virgin Islands. Barons and composers, on the other hand, seem to prefer the Cook Islands. To cheat on taxes, they create bogus firms with imaginative names like Tantris, Moon Crystal or Sequoia.
Those are just a few details published this week on a major global system of tax evasion, which sheds new light on the methods used to deceive fiscal authorities and hide money. In what is believed to be the largest data leak in history, anonymous informants have provided an international consortium of journalists with around 2.5 million documents detailing activities in tax havens around the world.
The virtual Everest of data exposes some 120,000 letterbox entities, offshore accounts and other dubious deals in more than 170 countries, in addition to the names of 140,000 individuals alleged to have placed their money in known tax havens. The list includes politicians, celebrities, weapons dealers, oligarchs, financiers and a very diverse cast of characters. It also includes hundreds of Germans. Reporters at the Süddeutsche Zeitung newspaper noted that the most famous German featured on the list is society playboy Gunter Sachs, best known abroad as Brigitte Bardot's husband for a brief period in the 1960s, who committed suicide in 2011 at the age of 78.
Very interesting analysis, it makes a lot of sense for the BRICS nations to develop an alternative to the corrupt IMF / World Bank. The dollar is surely doomed.
An unstoppable sequence of events has been put into motion finally. The pressure has been building for months. Some themes are plainly evident, except to those who wear rose colored glasses in the US Dome of Perception. The USTreasury Bond will be brought home to the US and British banks, where it will choke its bankers, then be devalued for survival reasons, after a painful isolation. The Chinese and Russians will conspire to finance the Eurasian Trade Zone corridor foundation with USTBonds, held in reserve, put to usage. The British will play a very unusual role, selling out the United States in order to be squires to the Eastern Duo. The process has begun; it cannot be stopped.
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The events are already being grossly misinterpreted and minimized in the US press, where devoted lapdogs, artistic swindlers, and creative writers prevail. The Paradigm Shift eastward is showing its next face, with a truly massive trade zone for cooperation and reduced cost overhead as the giant foundation. The Untied States for all of its past hegemony and devious manipulations and vicious attacks, will be excluded. The British will assist in the exclusion in order to avoid the Third World themselves. The following blueprint is the result of years of planning, with steady information and hints and confirmations by at least two Hat Trick Letter sources. The sunset of the USDollar has a blueprint. As a personal embroidery, let me state that this article is the most important the Jackass has ever written. Let it be taken seriously for its grave somber message.
Bradley Manning & The Deepwater Horizon By Greg Palast for Vice Magazine
Wednesday, 3. April 2013
Three years ago this month, on the 20th of April, 2010, the BP Deepwater Horizon drilling rig blew itself to kingdom come.
Soon thereafter, a message came in to our office's chief of investigations, Ms Badpenny, from a person I dare not name, who was floating somewhere in the Caspian Sea along the coast of Baku, Central Asia.
The source was in mortal fear he’d be identified – and with good reason. Once we agreed on a safe method of communication, he revealed this: 17 months before BP’s DeepwaterHorizon blew out and exploded in the Gulf of Mexico, another BP rig suffered an identical blow-out in the Caspian Sea.
Crucially, both the Gulf and Caspian Sea blow-outs had the same identical cause: the failure of the cement “plug”.
To prevent blow-outs, drilled wells must be capped with cement. BP insisted on lacing its cement with nitrogen gas – the same stuff used in laughing gas – because it speeds up drying.
Time is money, and mixing some nitrogen gas into the cement saves a lot of money.
However, because BP’s penny-pinching method is so damn dangerous, they are nearly alone in using it in deep, high-pressure offshore wells.
The reason: nitrogen gas can create gaps in the cement, allow methane gas to go up the borehole, fill the drilling platform with explosive gas – and boom, you’re dead.
So, when its Caspian Sea rig blew out in 2008, rather than change its ways, BP simply covered it up.
Our investigators discovered that the company hid the information from its own shareholders, from British regulators and from the US Securities Exchange Commission. The Vice-President of BP USA, David Rainey, withheld the information from the US Senate in a testimony he gave six months before the Gulf deaths. (Rainey was later charged with obstruction of justice on a spill-related matter.)
Britain's Channel 4 agreed to send me to the benighted nation of Azerbaijan, whose waters the earlier BP blow-out occurred in, to locate witnesses who would be willing to talk to me without getting “disappeared”. (They didn’t talk, but they still disappeared.)
And I was arrested. Some rat had tipped off the Security Ministry (the official name of the Department of Torture here in this Islamic Republic of BP). I knew I’d get out quick, because throwing a reporter of Her Majesty’s Empire into a dungeon would embarrass both BP and the Azeri oil-o-crats.
The gendarmes demanded our film, but I wasn’t overly concerned: Before I left London, Badpenny handed me one of those Austin Powers camera-in-pens, on which I’d loaded all I needed. But I did fear for my witnesses left behind in Azerbaijan – and for my source in a tiger cage in the USA: Pvt Bradley Manning.
Manning could have saved their lives
Only after I dove into deep water in Baku did I discover, trolling through the so-called “WikiLeaks” documents, secret State Department cables released by Manning. The information was stunning: the US State Department knew about the BP blow-out in the Caspian and joined in the cover-up.
Here, again, we have an example of the disconnect between what the American people understand and want, and what the corporate owned Congress is focused on.
The only thing that is going to change this equation is a massive voter turnout that supports compassionate life-affirming policies and politicians prepared to act on those wishes. We did it with Elizabeth Warren, we can do it in other districts.
Click through to see the charts and tables that will help you understand this report better.
PRINCETON, NJ — Americans tilt toward the view that the government is doing too little to protect the environment — at 47% — while 16% say it is doing too much. Another 35% say the government's efforts on the environment are about right. These views have not changed much since 2010, although Americans in most years between 1992 and 2006 were more likely than they are today to say the government was doing too little to protect the environment.
An early claim in the video is that DeBeers ran/has run the most successful fraudulent PR since Hollywood's “golden age” by getting everyone to think of diamonds as unique and rare to this day. “Blood diamonds” has been the more recent counter-message example that I can think of.
Below is an excellent summary of a very high leverage economic system change opportunity – state banks. A single example already exists in the U.S: the little-known but revolutionary state-owned Bank of North Dakota.
State banks simultaneously address the problems of unemployment, lack of financial resources for state and local governments (including rising government debt), and the economic inequity generated by Wall Street's colonization of our economy.
The essay below also alerts us to the dangerous erosion of democracy represented by the Trans-Pacific Partnership (TPP) trade agreement currently being negotiated behind closed doors.
State banks are no long term cure-all for the economic disruptions likely from climate change, resource depletion (especially peak oil), and various technological developments.* But they constitute a powerful sea change in our current economic business-as-usual, reducing dangerous concentrations of social power and buying us time to co-create more sustainable economics, politics and governance.
The article below features the work of Ellen Brown, who is showing up more and more in economic innovation circles, especially in efforts to revolutionize our financial systems. I've recently seen two other remarkable articles by her:
With banks opening on Cyprus, many entrepreneurs realized they had been wrecked overnight by their government’s dishonesty. The so-called bank bailout was in reality a death sentence for many small businesses, who saw their operating capital confiscated to save the government’s face. This move will create an inevitable uncertainty throughout the Eurozone: who will dare put their operating capital in a bank in a troubled country, when politicians keep saying everything is fine – until one day, the money is just gone?
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In a post this morning in the Bitcoin forums, user zeroday complains that 700,000 Euros were robbed by the European Commission. They’re not some Russian oligarch, the user writes, but a typical medium-size European IT business, and the result of this is that the entire Cypriot workforce will have to be laid off. The screenshot from the bank speaks a thousand words:
Thousands of other companies based in Cyprus are in the same situation, zeroday writes. This is not just problematic, but catastrophic on so many levels.
First, the ability for a troubled government to just go in and take money wherever it damn well pleases goes counter to pretty much every crucial principle of law – that laws need to be predictable, equal, proportional, and its rules known in advance. In this case, neither applied.
Second, the problem here isn’t so much that somebody who invests in a troubled bank goes bust with the bank. That wouldn’t be a problem in itself. The problem is that this happens despite governmental guarantees to the contrary. If governments published bank data openly so every small business in the Eurozone would be able to judge the solvency of their banking partner and make proper risk assessments, this would be proper, and it would be tough but just if a bank went insolvent and its accounts were closed to cover the losses.
