The Power Players · ICIJ is a shadowy organization of hackers who managed to tap into a treasure trove of information from Panama which is a ‘offshore banking’ hiding hole for super rich people. The hackers issued names of some of the top players in this game of hide the money and US news media actually reported this breaking news very briefly while concentrating mainly on Putin, not our own rulers. Oh my, Putin is naughty, that is, some people around him! But of course, Americans should be more interested in cleaning up our own pig sty mess and our media has now decided to not look more closely to this information trove.
The data reveal details of secret offshore companies linked to families and associates of Egypt’s former president Hosni Mubarak, Libya’s former leader Muammar Gaddafi and Syria’s president Bashar Assad, among others. Also included: Ian Cameron, the late father of British Prime Minister David Cameron. The elder Cameron died in 2010.
It also alleges a billion-dollar money laundering ring run by a Russian bank tied to associates of Putin. The bank allegedly channeled money through offshore companies, two of which were officially owned by one of the Russian president’s closest friends.
“I think the leak will prove to be probably the biggest blow the offshore world has ever taken because of the extent of the documents,” said Gerard Ryle, director of the International Consortium of Investigative Journalism (ICIJ), a non-profit organization based in Washington, D.C., which coordinated the reporting.
Will Congress investigate this information? Will Congress talk about this information? Will our media go after this information? I am sitting on pins and needles that are exceptionally soft and dull. That is, I expect little to change here thanks to this information. Our brazen rich will say, ‘Everyone does it!’ The point being that these tax havens are set up to prevent us from collecting taxes from the very rich and this is simply an example of rampant international tax haven money laundering going on across the entire planet.
The middle class remains the main source of funds for governments. Do note that the tax haven people who exploit the US pay for our government via debt, not taxes! And pray tell, who began the tax cuts/deficit spending? Reagan, of course.
This tax haven information is so gripping, look at how it dominates the headlines at the NYT and WP: The New York Times – Breaking News, World News & Multimedia
HAHAHA. Yesterday, both mentioned Putin, of course, as if this is of the greatest importance to US taxpayers who are aghast at high debt costs that are in the trillions of dollars! Putin owes no taxes to US citizens. Is any major media going to go after the list of names and corporations that exploit Panama’s tax haven system? HAHAHA. Bezos of Amazon fame who owns the Washington Post would drown in the Potomac River any reporter covering this story and going after him, for example.
My interest in this story is rather limited. Simply because I already assume that everyone at the top of the economic pyramid, world wide, are looters. This is normal for them and is directly connected to the concept of ‘free trade’ which was designed to destroy any ability to build unions, demand higher wages, and have some political say in how one’s country is run. Instead, we are ruled by a gang that uses every tool possible to drive us all deeper and deeper into debt.
Public debt climbs to the heavens as personal debt is piled on and the school debt that 50%+ young people must take on these days and can never ever escape is just one terrible example of this. The people who hide their wealth in Panama and that is most rich people in the US, are tax dodgers and Congress should vote to tax their hidden wealth even if it is hiding in Panama and we should have a treaty with Panama about this matter and we don’t because the people running our nation are these very same looters.
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