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Wealthy tax evaders, aided by
private banks have exploited loopholes in tax legislation and stashed over $21
tn in offshore funds, says a report. The capital drained from some developing
countries since 1970 would be enough to pay off national debts.
The findings show the gap
between the haves and the have-nots is much larger than previously thought.
The document, entitled The
Price of Offshore Revisited, was commissioned by The Tax Justice
Network campaign group and leaked to the Guardian. The report provides the most
detailed valuation of the offshore economy to date.
"The problem here is that the assets of these countries are held by a
small number of wealthy individuals while the debts are shouldered by the
ordinary people of these countries through their governments,"wrote James Henry, expert on tax havens
and former chief economist at consultancy McKinsey in his report.
The document cites the world’s
leading private banks as cherry-picking from the ranks of the uber-rich and
siphoning their fortunes into tax-free havens such as Switzerland and the
Cayman Islands.
The wealth of the super-rich is "protected
by a highly paid, industrious bevy of professional enablers in the private
banking, legal, accounting and investment industries taking advantage of the
increasingly borderless, frictionless global economy."
Henry writes that a large part of
the trillion dollar hoard belongs to around 92,000 individuals, an elite class
of super-rich who make up 0.001 percent of the global population.
"These estimates reveal a staggering failure: inequality is much, much
worse than official statistics show, but politicians are still relying on
trickle-down to transfer wealth to poorer people," said John Christensen of the Tax Justice
Network.
The report records the flow of
capital from countries into offshores over the past few decades. Saudi Arabia
saw almost $300 billion drained from their economy since the 1970s, while
Russia saw almost $800 billion leave its economy in hidden assets since the
fall of the Soviet Union. Nigeria issued a loss of $300 billion since the
mid-1970s.
Henry points the finger at the world’s top ten private banks, among them UBS
and Credit Suisse, for aiding wealthy clients to dodge taxes.
According to Henry’s figures, the
top financial leaders processed more than $6 trillion in funds in 2010, more
than double the previous year.
Banking system – rotten to the
core
Last week the US Senate released
a report damning the actions of the UK
bank HSBC. The report highlighted evidence of the bank’s laŃ…
security policies leading to money laundering cases.
It referenced $7 billion in cash
that had crossed the Mexican border into the US and been deposited in HSBC from
2007 to 2008. The report suggests that the billions of dollars could have come
from drug sales in Mexico.
The probe also shed light on a
number of other instances when the bank bypassed US safeguards, potentially
bankrolling terrorists and drug lords in the process.
The bank had previously had to
pay out $1bn to US authorities for money laundering offenses committed between
2004 and 2010.
The G20 has repeatedly made calls
to end tax-free havens since the beginning of the financial crisis in 2008, but
these plans have not yet come to fruition.
We are at a point in time where all good
men and women will need to stand up against the establishment and its evil
controls on society or perish under the boots of tyranny. In many ways, today
is like being in 1939 Germany, only this time, fascism has grown throughout the
bankrupt Western Nations and the people being persecuted are those opposing the
crimes of US, UK, NATO partners, and Israel.
The recent political and military actions
by NATO countries has put half the World into turmoil by aggressive war,
planned insurrections, their support of brutal dictatorships while putting the
rest of the World on a terrorist watch list.
Today, it’s against the law to speak out
against Israel or any nation that supports Israel. Doing so would brand you a
terrorist. The new laws in place allow our western governments to kidnap,
imprison, torture and murder you. They have given themselves the right to act
on someone’s accusations without any proof. Today, in the USA, if someone
doesn’t like what you say, you can be murdered by presidential decree. You no
longer have the right to defend yourself or face your accusers in a court of
law either. So, I ask you, is this the world that you want to live in? Would
you blindly support your leaders that have become puppets to a ruthless nation like
Israel who is bent on the ethnic cleansing of the indigenous population in
Palestine? Would you go to war against Iran on the basis of lies as the US and NATO
terrorists did in Afghanistan, Iraq, and Libya?
If you don’t know the truth about what goes
on in the World, you better smarten up because Israel, Britain, France and the
US want to start a war with Iran that threatens to envelop the entire World.
Western political leaders listen to foreign
lobby groups and legislate your rights away, by silencing you and stopping you
from fighting back. If you persist, they make your life miserable, and if you continue
to protest, they take you out permanently. They've already made a
preliminary list of alleged trouble makers they want killed. One of my
friends is on that list!!!
The NATO countries powered by a wealthy economic
cartel class are morally and economically bankrupt. They have turned the World
upside down in their bid to maintain control of global economics by allowing
Israel to get away with evils that were deemed crimes against the peace of the
World at the Nuremberg Trials after World War 2.
The attached video shows the hypocrisy of
the Western nations as they have allowed successive Zionist regimes to get away
with crimes against humanity. The International Criminal Court of Justice has
not taken action against Israel, the US or UK for their War Crimes and Crimes
Against Humanity in Iraq, Afghanistan, and Libya because they control the
United Nations Security Council. So where is the justice? What right do the
western leaders have to declare our nations hold a moral system of freedom and
democracy when they commit mass murder or excuse other nations of doing so?
They’re all a bunch of monsters that need to be dealt with!!
Road to Endless War - The Final Chapter
- (Part 5) - Palestine, the real story
Speaking truth to lies and standing up for
what is right are considered terrorist acts today by those currently in power
and by those who crave the seats of power. To lead a western nation, one must
grovel to Zionist lobby groups in order to win those seats of power.
Elections in all western Nations are a
farce when all the candidates presented represent Zionist ambitions. It’s pure
treason of the highest sort! There’s no democracy when all parties are bought
and paid for by Zionist lobby groups.
AND, when a real candidate comes along that
threatens the status quo, special voting machines or organizations are hired to
make sure the vote count comes out in favor of the Zionist candidate like we
saw in Iowa recently. That is why most countries have eliminated or are
planning to eliminate the paper ballot. The paper ballot system is the ONLY
system that has a trail when done right thus making it very difficult to cheat.
Santorum says there's a US program to
kill Iranian scientists and dead ones are a wonderful thing
Once again, the Zionist candidates all recommend
going to war with Iran based on LIES and will support any criminal laws that
infringe on your ability to stop them. Thanks to these western government Zionist
supporters your freedom of speech on the Internet will be gone very soon.
When you combine the new Orwelian laws made
to take you away, imprison you, allow torture, and assassination, you can blame
Zionism. This is what supporting Israel at any cost means. It means
Whoever speaks out against Israeli crimes, regardless
of where they live, are considered the enemies of all western nations. My speaking
out in this post will probably put me on that list and of course disqualify me
from the economic system they control but I don’t care because I will not compromise
my principals or moral oath to uphold truth, honesty and justice. Whereas our
governments allow the Zionists to get away with mass murder, kidnapping, torture,
and ethnic cleansing. To me they are an Abomination!
The Western nations are controlled by an
evil that is so paranoid, vicious and blood thirsty that it would destroy the
World rather than commit to truth, justice and peace. Nations like that, or nations
that support their heinous crimes, are doomed to failure because they have no
empathy for life. The lack of empathy is the very definition of evil and it is
so plain to see who are responsible for committing atrocities since the end of
the second World War. Make no mistake this group are pure evil.
Crimes Against Humanity - Yesterday
& Today
Any country that occupies another country with
its military will always declare that those fighting against their occupation
are terrorists. This was true with England’s occupation of Ireland, Germany’s
occupation of France, and Israel’s current occupation of Palestine.
Human morals and practices come from
spiritual or religious belief, and are a major pillar in the foundations of
civilization. There is no room for occupation, torture, murder, war, and ethnic
cleansing. Judaism, Christianity, and Islam all preach these values so it is
not a crisis of religion that we have in the Holy Land, it is a crisis of
morality. Zionism is political not religious. In fact, Zionism is a vicious national
regime much the same as Nazi Germany was and if you ask a person that follows
Judaism, they will agree.
I was brought up with Christian beliefs but
I have learned over the years that ALL religions or spiritual ways have
something to offer and so acceptance of all is important in the quest for who I
am and the meaning of life.
Gaza in Plain Language—Revisited.
Honoring the March to Gaza - March 4th, 2011
There are groups today that call themselves
Christian Zionists and support Israel no matter what they do, even if it means
the ethnic cleansing of the Palestinian people. That is not Christian belief,
that is an evil twisted belief. Thou shalt not kill and love your neighbor are
the morals that real Christians believe.
I consider the monetary system the root of
all evil, which then begs the question, who, what and where does this money
trail lead to? Wealth and the power are what corrupts people…so who enables the
corruption? All one needs to do is to follow the money if they want to find the
evil behind it. The Economic cartel grows like a sickening disease pumping its will
into greedy power hungry monsters while promising kingdoms on earth to those
that embrace it.
PHASE 3 "The Series" - (Part
19/20) The Light Within
The World has been turned upside down and
requires your help in righting all the wrongs done to the people of other
nations. Don’t wait around for government to do it, because they will not fix
or admit to the crimes they have committed or excused.
Speak truth to power, demand Justice
against Israeli, US and NATO Crimes, show respect to others, and be true to
yourself. This is a battle of good verses evil.
“What can we do to change things?” Well,
would you give up the current monetary system and its illusions for a world
without war, disease, famine and poverty? Will you stand up and take your
countries back from the private banking economic cartel?
North Americans need to prepare for the coming economic depression. It has already started in Great Britain, where thousands of people have been pulling their savings out of the “Northern Rock Bank”. The Economic depression designed and planned by the Central Banks of England and America could unfold in the next few weeks.
The Private Bankers in England have strategically placed information in the British press to make a run on a 5th place bank called the “Northern Rock Bank”.
The one thing that looks likely is the Private Banks will offer to absorb the “Northern Rock Bank” and then to guarantee it (what I call legal robbery)... Later on, as the economic picture begins to grow bleak by media propagation, the Private Banks could push England to accept a different currency such as the Euro for insurance and economic stability...if they offer a solution then you can be sure they will offer a warning such as "...if you don't accept this offer, the population could lose everything they have...
The run on the “Northern Rock Bank”, has been designed and carefully crafted by the Private Bankers, to scare everyone into a panic and make a run on the bank like the Morgan’s and Rockefeller’s did in “The Great Panic of 1907”.
In order to sell “A New Currency” to the public, the banks must threaten an economic depression first. The Private Banks will be quick to point out that a new currency is required if the people want to salvage what they own.
The economic crises in the USA, that has taken hold recently due to the vast amount of unpaid credit cards, a trade deficit with China, and the cost of war in Iraq and Afghanistan is a triple pronged catalyst to breaking the balloon economy and bringing about a stock crash, depression and eventually, a new currency.
The US Central Bank (The Federal Reserve) played this one perfectly because with the lack of money in the so-called, US treasury, (Owned and Loaned by the Central Bank) a full-scale economic depression will hit North America in 2007, 08. The Central Banks will again acquire vast amounts of wealth in the form of property, corporations and real estate. (The collateral signed over from borrowing money, and by the buying of deflated corporate stock.)
While everyone loses their money, homes, and businesses, the private banks will acquire it all, just like they did in “The Great Panic of 1907”, and “The Great Depression of 1929”.
Canada and Mexico depend heavily on the American economy so selling a new joint currency would present a smaller challenge in their prospective countries than selling it to the American people, hence an offer they cannot refuse.
In short, the central bank(s) will offer a solution to end the economic crisis and that solution will be a New Currency. We wont really have a choice because the central Bank of Canada and the Federal Reserve in the USA will publicly propose embracing it and most likely include Mexico with it. “North Americans” will be given the blah blah on how their new currency will save them from complete ruin…and POOF; A new ponzi pyramid scheme will be born, designed exactly like the one before it to send all the wealth to the top through compound interest...
Wealth is in Your Soul:
Remember that “Wealth” is in the human soul…wealth is in community, family, and friendships you have. Wealth is investing in yourselfand self-discovery of your potential to take care of yourselves and those around you. Wealth is not the Euro, the dollar or the pound. Wealth is the quality within you. These qualities are the tools we have to fight back. Fight the good fight with an open mind and make your own choices. Removing difficult hurdles in life is very gratifying and the answer to, “What is my purpose in life”?
The purpose in life is to better yourself, have an open mind and not allow distraction from controlling interests. Keep your faith in peace.
Ossama Bin Obama has a get-tough solution for Democrats...Invade a nuclear country like Pakistan where the very word "American" sparks riots of hundreds of thousands of people. Ya that’s a Democratic solution!
It would seem that the Democrats do not have the American people's thoughts and wishes in view either. Obama's solution to an exit strategy is to go from Iraq to Pakistan & back to Afghanistan in force. Hillary Clinton does not even comment on Bamma’s position. One might think that she is a closet supporter of War for big campaign dollars. The “Democratic House Speaker” Pelosi, does a 180 on Democratic position in Iraq withdrawal time table and leaves it up to Bush...is it me or does this seem a little bit like collusion with the Republicans?
Maybe it’s collusion, and maybe it’s just that both parties have the same old money masters who are all members of the "Council of Foreign Relations".
So now, how do you vote? Do you lay down and become sheeple or do you have a revolution and run for office under a third political party? The choice is really simple.
If you're still not convinced that the Democrats and Republicans are really the same group of idiots with the same group of idiots money then idiot propaganda has worked on you!
An exit strategy from Iraq belongs to the General in charge when his Commander in Chief so orders it. I do not believe that George Bush or any Democrat / Republican will actually remove the American Army out of the Middle East. The USA has a habit of occupying a country with its military for a long, long, long, long time. If the resolve were to exit then they would not be building 4 permanent military bases in Iraq. Nor would they be building the largest most fortified embassy in history. Face it! Complain all you want, but no matter what you think, they, the Democrats or Republicans, will never leave Iraq or the Middle East. Which means there will be a sustained War just like the old money masters want. If you are not sure what is meant by Old money, please look up Wikipedia under the name “Council of Foreign Relations” there is an abundance of information there and a list of members. If you do not believe the information that is in front of you, then you must also believe that the Rockefeller’s no longer have an interest in money…or how to make lots of it.
If you want to make a change in the direction of your country, then run for office but do so under a new political party! You will not need big business to support you because no matter what party you voted for in the last election, big business will only support war profits.
Mr. And Mrs. America will fund you though, and what’s wrong with that? All across the USA people are calling for change. Well change will not happen unless you run for congress or US President yourselves. Make the system work for you; don’t wait until the system decides to share your opinion, because that will never happen.
Paid for by, “The United Party”. (A total cost of 10 minutes.)
South Africa's Closing Argument Against Israel for Genocide at the ICJ
Freedom
Welcome!
World United News offers an honest approach to alternative news and opinion with back up links for readers to investigate information for themselves.
This blog also includes a number of important video playlists that cover specific topics, rare documentaries, debate, opinion, and viewpoints.
Please feel free to share anything that resonates with you or that you feel would benefit those in your circles. Comments are always welcome. ~Stewart Brennan~
I'm not in phase with what mainstream mediums have to offer, nor do I like being lied to. So I decided to build my own World where creativity, music, and truth prevail. Therefore I’m a photographer, Writer, Video Producer, News Reporter, Music Promoter, Radio DJ, Poet, Activist, Critical Thinker, and Problem Solver. Be sure to visit all my websites linked below for more of my world.
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