Long time since I last posted something here, but some news lately caught my attention, and I can't see anyone else posting about it. I thought it
was good ATS material, so thus I'm sharing it with you.
Some days ago most of Chinas Internet traffic was redirected to a house in Cheyenne, Wyoming. You can read some articles about the incident here:
The same house is also said to be the home of 2000+ shell corporations, that will say puppet organizations. The Internet hijacking in in itself is an
interesting story, but I'm going to talk more about the aspect of shell companies/countries and corruption.
I have myself come to know some rich people, ranging from millionaires to billionaires. The people in the last category have for example inherited
money through medical companies in the US, although they live in Europe, where I'm also from. The less rich individuals are small business owners,
Getting to talk with these people, it surprised me is how easy it is to hide money and how open people are regarding such practices. There is no
secret in outsourcing your wealth to other states like Cayman Islands, Isle of Man, Switzerland, Barbados etc. Wealth is put into hedge funds and
other more obscure practices, while tax institutions seem helpless. The old saying about death and taxes is false, because you can in no way compare
the certainty of paying taxes with the certainty of death!
This frustrated me at first, because it is an easy way to avoid paying taxes. Taxes that enabled you to earn the money in the first place. Good luck
on building your wealth in a place with no roads, communication, water services etc. Where your employers have no social security or stability.
However my frustration, and perhaps interest was awaken again when I began to discover houses within countries that operate outside the law. Like the
house in Wyoming, or the Ugland house in Cayman islands, you can avoid taxes and law right in your own country!
These shell companies surpasses the law, they can fraud people and then go underground. This is because they have no "real owners" or liable
individuals. They are shadow corporations that can do what they want, because if they are caught, the trail will lead you to a clueless man in the
desert of Wyoming!
How come corruption is accepted on such a widespread level? Why are only examples put forward, as scapegoats, when such vast wealth is sitting in
protected hedge funds? Why are anti-corruption agents threatened with death by what you would call "house clean" organizations? If others are
interested, I hope we can get a discussion going trying to answer some of these questions.
I'm gonna end this with a verse inspired by "house of the rising sun"
There is a house in Wyoming
They call the WCS
And it's been the ruin of many a poor man
And God, I know it's true