The Panama Papers

a reply to: masqua


Very interesting indeed. It's calling for true capitalism to take place. To end the government protection that just a few powerful corporations enjoy.

originally posted by: and14263
a reply to: Rocker2013

The papers were leaked then filtered.

The Centre for Public Integrity is currently filtering them, sorry I mean investigating them.

Is it your assertion that these leaks are part of a conspiracy involving over 100 various news outlets and several hundred journalists?

The International Consortium of Investigative Journalists, together with the German newspaper Suddeutsche Zeitung and more than 100 other media partners, spent a year sifting through 11.5 million leaked files

panamapapers.icij.org...

It would seem to me that the more mundane likelihood would be that various political leaders and powerful figures would engage in an aggressive campaign to discredit the leaks. Maybe even employing political forum posters to try and encourage skepticism.

Thus far, from David Cameron to the PM of Iceland to Chinese political leaders to wealthy individuals...EVERYONE named in the documents has been unable to disprove the evidence and has instead tried to either spin or ignore the factual reporting.

Everything that has been leaked that has been addressed with the individuals named has proven true.

a reply to: RomeByFire

Mossack Fonseca: The Nazi, CIA And Nevada Connections... And Why It's Now Rothschild's Turn

And, to top it off, there is one specific firm which is spearheading the conversion of the U.S. into Panama: Rothschild.

Rothschild, the centuries-old European financial institution, has opened a trust company in Reno, Nev., a few blocks from the Harrah’s and Eldorado casinos. It is now moving the fortunes of wealthy foreign clients out of offshore havens such as Bermuda, subject to the new international disclosure requirements, and into Rothschild-run trusts in Nevada, which are exempt.



* * *



For financial advisers, the current state of play is simply a good business opportunity. In a draft of his San Francisco presentation, Rothschild’s Penney wrote that the U.S. “is effectively the biggest tax haven in the world.” The U.S., he added in language later excised from his prepared remarks, lacks “the resources to enforce foreign tax laws and has little appetite to do so.”

"The Cat Is Out Of The Bag" - In Interview Mossack Fonseca Founders Admit It's Over... To Rothschild's Delight

That money is rushing for one simple reason: dirty foreign - and local - money is welcome in the U.S., no questions asked, to be shielded by the most impenetrable tax secrecy available anywhere on the planet.

One may even say that nowadays, US-based tax havens are the new Switzerland, or Bahamas or, for that matter, Panama. Indeed, for most Americans, offshore tax haven are now meaningless with the passage of the FATCA law, which makes the parking of dirty US money abroad practically impossible. So where does that money go instead - it stays in the US:

Yes, Mossack Fonseca may now be history, and its countless uberwealthy clients exposed, but none other than Rothschild is now delighted to be able to fill its rather large shoes. In fact, someone with a conspiratorial bent may decide that today's dramatic takedown of the Panama "offshoring" industry was nothing more than a hit designed to crush the competition of domestic "tax haven" providers... suxh as Rothschild.

Corporate Media Gatekeepers Protect Western 1% From Panama Leak

The Suddeutsche Zeitung, which received the leak, gives a detailed explanation of the methodology the corporate media used to search the files. The main search they have done is for names associated with breaking UN sanctions regimes. The Guardian reports this too and helpfully lists those countries as Zimbabwe, North Korea, Russia and Syria. The filtering of this Mossack Fonseca information by the corporate media follows a direct western governmental agenda. There is no mention at all of use of Mossack Fonseca by massive western corporations or western billionaires – the main customers. And the Guardian is quick to reassure that “much of the leaked material will remain private.”

What do you expect? The leak is being managed by the grandly but laughably named “International Consortium of Investigative Journalists”, which is funded and organised entirely by the USA’s Center for Public Integrity. Their funders include

Ford Foundation
Carnegie Endowment
Rockefeller Family Fund
W K Kellogg Foundation
Open Society Foundation (Soros)

The World’s Favorite New Tax Haven Is the United States

Last September, at a law firm overlooking San Francisco Bay, Andrew Penney, a managing director at Rothschild & Co., gave a talk on how the world’s wealthy elite can avoid paying taxes.

His message was clear: You can help your clients move their fortunes to the United States, free of taxes and hidden from their governments.

Some are calling it the new Switzerland.

After years of lambasting other countries for helping rich Americans hide their money offshore, the U.S. is emerging as a leading tax and secrecy haven for rich foreigners. By resisting new global disclosure standards, the U.S. is creating a hot new market, becoming the go-to place to stash foreign wealth. Everyone from London lawyers to Swiss trust companies is getting in on the act, helping the world’s rich move accounts from places like the Bahamas and the British Virgin Islands to Nevada, Wyoming, and South Dakota.

“How ironic—no, how perverse—that the USA, which has been so sanctimonious in its condemnation of Swiss banks, has become the banking secrecy jurisdiction du jour,” wrote Peter A. Cotorceanu, a lawyer at Anaford AG, a Zurich law firm, in a recent legal journal. “That ‘giant sucking sound’ you hear? It is the sound of money rushing to the USA.”

Other links:

The Panama Papers: Is their release a coup attempt between Soros and Rothschild?

What I Learned From The Panama Papers

Panama Papers: Hybrid War takes an unexpected turn

a reply to: Indigo5

The replies people are posting are suggesting that I'm saying the whole thing is a conspiracy/hoax. I'm not saying that, even that quote you made - I'm saying the leaks are being filtered and yes they investigative journalists are doing this with the interests of those in power at heart.

Strike a light.

And yes, it is true. I'm not saying it's not true.

Whatever, believe what you want.

originally posted by: TheBandit795
a reply to: masqua


Very interesting indeed. It's calling for true capitalism to take place. To end the government protection that just a few powerful corporations enjoy.

What makes it so fascinating is the fact that The Economist is a bastion of conservative thought. This shows the fractured nature of Republican thinking in today's electoral climate.

originally posted by: AlongCamePaul
At this point im not suprised there are no U.S. citizens on the list. It would be detremental to business to cause economic instability to ones own safe haven.

There are something like 3000 clients on the list in the USA...a few have already been named.

It is less likely that US Political Figures will be on the list simply because (A) We have a liberal campaign finance system that affords them plenty of room to accept donations from lobbyists in a legal manner that does not require off-shore accounts and (B) We do not have STATE-OWNED industry like OIL and ENGERGY like Russia, China etc. where politicians can reap Millions and Billions from the State and then have to hide it.

That said the USA has wealthy people hiding money from ex-spouses during divorces, hiding money from criminal activities and hiding money from tax collectors. If any politicians show up...it will likely be due to side activities...sheltering money from taxes or past pseudo-criminal activity...

a reply to: masqua

Exactly. The Republicans have been corporatists for decades, not free market capitalists, and surely not true conservatives.

a reply to: TheBandit795

Not to mention expert in hiding cash though anonymous donations: kochcash.org...

a reply to: masqua

Wow thanks. I'll have to take some time to check that out.

a reply to: TheBandit795

The relevance to tax evasion is that the generous donations listed to various Koch Think Tanks and Foundations listed are tax deductible.

We're talking billions out of government revenues, so if anyone is wondering why infrastructure is crumbling, look no further than tax evasion by Fortune 500 companies and their CEO's.

eta: It all reminds me of this old SNL cartoon. Tentacles, baby, glad-handing tentacles.

a reply to: HolgerTheDane2

I have read every post and it still seems off to me. This leak goes back decades..........yet i'm not seeing much of anything about the U.S.I know more is coming........I'm waiting!

Lots of coincidences. Obama has press conference about business tax reform.

It might not be the biggest dogs in the business breached here, but I guarantee the rest are clenching certain muscles. As well as their clients. If nothing else, this has made many uber-wealthy & politicians worldwide very nervous. That's bound to pay off, nervous people screw up. Someone big's going to eventually get caught shuffling stuff around messily, you watch.

originally posted by: TheBandit795
a reply to: Rocker2013

The reason why it's a massive distraction has already been posted numerous times in this thread.

Well, then it must not have been a particularly good/shocking/earth-shattering/jaw-dropping/etc reason given for being a distraction, because I've read the entire thread and have no idea offhand WTH it would be a distraction for. Be kind, & spell it out (again, apparently) for us, would ya?

I understand how big this could be if it is what it appears to be. However, something about it just doesn't ring true to me. This is the journalism equivalent of an army general publicly announcing that they have secret plans to attack whoever at 7 am at these coordinates... Why hint at something so potentially big, then hold back on releasing it? It seems it would be much more logical to get all your dogs barking at the same time - then - release the information and citations all at once. Let whomever receives it see the whole picture, not just small glimpses. Why give the most powerful and influential people on earth any warning whatsoever of what you are doing? To call that counterproductive is an understatement.

The Prime minister of Iceland just resigned:

www.motherjones.com...

a reply to: MystikMushroom

Don't think is in the best interest of murrikaaa to bring this in news....Kim K and them other celebrities are more important! Silly people.....

I hope this only sheds a little more light of how bogus this all has been....

a reply to: Nyiah

*EPIC FACEPALM*

Just search for the name Rothschild in this thread.

originally posted by: TheBandit795
a reply to: Nyiah

*EPIC FACEPALM*

Just search for the name Rothschild in this thread.

Seen that. Now, which event or events are you referring to as this being a distraction for?

It's intentionally done to get rid of Mossack Fonseca in order to benefit the Rothschild firm in the new tax haven of Nevada, U.S.A.. The clients are collateral damage IMO (even though a lot of them, but not all are indeed corrupt).

#toobigtofail ?

I don't think so.

People of nations divided, just need to see through muddied waters, to get the fragments of truth being deliberately destroyed and hidden.

Things are looking good for the future of our species. We just need to excavate the evil that hinders our collectivity, so we can formally create unity again.

Fix and reshape this planet one evil bastard at a time.