$155 million Picasso painting which is very simple and rather stupid. But famous!
Nearly all of the top US media outlets are owned by rich billionaires. So we get Billionaire News like Bloomberg News or the NYT or WP or all the Murdoch outlets plus all the major TV stations. They quietly kill any news that might harm their super-rich status. The latest news to be blacked out here in the US is the story broken by a Washington, DC group of investigators. They pried into the private stashes of the super rich that are parked in ‘banks’ on islands owned by the Queen of England.
The names have been unearthed in a novel project by the Washington-based International Consortium of Investigative Journalists [ICIJ], in collaboration with the Guardian and other international media, who are jointly publishing their research results this week…The leak of 2m emails and other documents, mainly from the offshore haven of the British Virgin Islands (BVI), has the potential to cause a seismic shock worldwide to the booming offshore trade, with a former chief economist at McKinsey estimating that wealthy individuals may have as much as $32tn (£21tn) stashed in overseas havens.
The British royals who are sovereign over these islands has now hosted over a million front operations that simply have an address but no real business in these various island pirate banking entities. All of these are also kept top secret. The ruling elites across the planet know exactly what is going on.
The Bilderberg gang which is now imposing strenuous austerity measures in Europe and the US know what is going on. The GOP ran a Presidential candidate who keeps his wealth offshore at the same islands. Leaders of many countries are using these Queenly properties to hide their loot. These same people use front organizations to buy up properties, businesses and as ‘corporations’ and when caught breaking laws, indite only the underlings, not themselves.
The Guardian is a leftist paper in England. We have virtually none such thing in the US. I have been talking about the loot stashed away at various former or present Royal territories which are literally owned by the Queen of England. The royal family keeps a low profile when in England but live the luxury jet set lifestyle when out of the country. This is to prevent a revolt like the French one.
Things are looking very dicey for the Brit royals because of austerity so they pretend to not be super-rich by cutting back on silly, tiny things. The US rich don’t do this, they are roaring ahead, boasting and berating, demanding no taxes on their trillions while they party like it is no tomorrow. They don’t fear peasants being just a few generations away from peasant status.
The mega-rich use complex offshore structures to own mansions, yachts, art masterpieces and other assets, gaining tax advantages and anonymity not available to average people.
Many of the world’s top’s banks – including UBS, Clariden and Deutsche Bank – have aggressively worked to provide their customers with secrecy-cloaked companies in the British Virgin Islands and other offshore hideaways.
I knew of this for years but hope someday to see the full data. As I keep pointing out, all the US has to do is send our navy to these islands and seize them. Easy as pie! Instead, we send them to Asia and the Middle East to protect despots, trade rivals who are destroying our infrastructure and assorted rich people. The navy doesn’t protect the US from anything.
Here is a recent example of how elites exploit control of banks and remove wealth when their systems crash: Cypriot president angrily denies claims family member exported bank funds. Of course, they hid the money overseas!
Here are several stories from the investigative reporters: Front Men Disguise the Offshore Game’s Real Players
An example of how rich people using fronts are turning NYC and London as well as other ‘top destinations’ into ghost towns due to having too many properties: A Slice of London So Exclusive Even the Owners Are Visitors – NYTimes.com.
The art market is totally insane. Hedge Fund Billionaire Steve Cohen’s $155M Picasso Isn’t His First, the gambling boss in Vegas who sold it to him broke it by accident with his elbow. This painting, the nude at the top of the story, isn’t a great work of art, it is FAMOUS and thus, like rare baseball cards or stamps or other curiosities, the rich and idle assign huge value as RARE in that these things aren’t being mass produced. With three recent setbacks, maybe offshore hedge fund jerk, Steve Cohen should dump the Picasso.
This rarity concept appeals to the super rich who assign all sorts of odd rarities with high prices when they swap with each other. Most of this has near zero value in the natural world. That is, these curiosities merely soak up excess currency units that the rich need to park somewhere. Since they bid up the value of these things, their ‘money’ grows as they get richer and swap things. This makes them feel good. But the core of their wealth comes from the teeming masses and nature.
Europe’s Carmakers Want to Shrink. Unions Stand in the Way – Businessweek: Pesky Germans who have a socialist state earn $60 an hour, French are second at $45, the US are third at a meagre $38 and Asia gets $10 an hour. Japan is NOT a top labor pay country. It is rapidly turning into a third world country with an out of control printing press for money. Businessweek is whining that German union members get representation on the board of directors! Oh, the horror!
Exploiting labor, natural resources and the creation of money means it pours into their laps while they all evade social obligations and neglect their home states. History, on the other hand, is crystal clear about what happens when elites destroy their home bases: they are, in turn, destroyed too. Perhaps they hope to steal our navy and turn it against us and use it to attack the Home Base while they hide overseas and then come back in and rule us?
This is possible, it is probably their plan to control us via the massive Pentagon which has been already taken over by internationalists, weapons sellers and hostile tribal groups. Hiding themselves from us is key to this plan. The elites even go so far as to have articles mocking people for thinking there are conspiracies afoot from elites. 3 in 10 Americans think ‘secret elite’ is conspiring to rule the world & 1 in 5 Republicans say Obama is the ‘anti-Christ’ is typical.
Really stupid ‘conspiracy’ things are mixed DELIBERATELY with real ones. The Bilderberg gang is very real. The efforts they use to hide their nefarious activities is extremely real. The conspiracy of our media to hide this gang is a true conspiracy. The ‘secret mind control’ is our media itself! The CIA really did bring in drugs! Still does! 9/11 had many interlocking conspiracies! None of which had to do with bombs in buildings.
Stupid conspiracy stories ride along side and trample the real ones. And our media owners like this set up so does the CIA and others. The best way to fool people and isolate anyone with brains is to overwhelm them with armies of people who believe in Santa Claus and the Easter Bunny. Religious leaders exploit people the same way. Rational examination is stopped dead in its tracks when stupid stories overwhelm real research. And people fall for stupid all the time. It is so easy.
Eventually, as the trillions pour out of central banks and into these offshore islands, societies being forced into unemployment and austerity will riot. Everywhere at once, it seems.
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