The Panama Papers

[VeiledGarbasar]

^ Mossack Fonseca is a firm in Panama that allows the elite to hide money secretly.

https://mobile.twitter.com/yaffanyc/sta ... 4720884736

[Grant]

lol the Iceland PM knew he effed up with that interview, not surprised he resigned but question is where are all the Americans?

http://www.newyorker.com/news/john-cass ... -284994457

Others have also been asking that question. Actually, there are some already out, and more coming.

[gurey25]

I am inclined to believe that apparent clumsiness of this operation, is not a result of incompetence but direction.
This is not a shot at some international figures,
this is a part of a long going attack by the US on international offshore funds where corporations and the rich hide their wealth.
The US want access to this $2 trillion estimated wealth, with only a tiny fraction in the US.
Small fry like Monaco, Andorra, Lichtenstein, Luxembourgh , Cypress and Austria will be an easy target and will accept a haircut with little
protest.
But the Caymans, Virgin Islands and other crown territories? they have the UK behind them i think they will put up quite a fight and will be spared.

I think newbies and up an commers like Singapore are going to get fucked..
and as for Hong Kong i am pretty sure the Chinese Government will do nothing to save those uppity fuckers.
They will use this as ammunition for propaganda, allowing the chinese public live showing of the US feeding off and gutting the mighty hong kong financial structure.
Why?
Hong Kong has served its purpose for the Chinese government, it is being overtaken by Shanghai, so while they planned a slow death for hongkong to teach those uppity western loving elites a lesson, they are more than happy for the US to kill it for them quickly.

Problem solved without dirtying your hands, and the political capital you can make from this is priceless.
There is the added bonus of getting rid of your major aid to corruption inside china, which is hong kong.
All the rich chinese that made their money through dodgy dealing and are chummy with the west, use hong kong as a conduit for transfer of funds to international offshore accounts.
In china you can be massivly corrupt no problem, but you cannot ally with and work with the western financial structure for you will surely be caught and executed like the half a dozen billionairs that were hanged , and the dozens of multimillionaires that were also hanged, who were too stupid to hide their money and run.

Not a bad move for uncle sam,
i expect a major boom for the US financial structure in the next 5 to 10 years.

Those fuckers sure know how to keep the ship from sinking, even if it is full of holes and heavily listing to portside.

[FAH1223]

I am inclined to believe that apparent clumsiness of this operation, is not a result of incompetence but direction.
This is not a shot at some international figures,
this is a part of a long going attack by the US on international offshore funds where corporations and the rich hide their wealth.
The US want access to this $2 trillion estimated wealth, with only a tiny fraction in the US.
Small fry like Monaco, Andorra, Lichtenstein, Luxembourgh , Cypress and Austria will be an easy target and will accept a haircut with little
protest.
But the Caymans, Virgin Islands and other crown territories? they have the UK behind them i think they will put up quite a fight and will be spared.

I think newbies and up an commers like Singapore are going to get fucked..
and as for Hong Kong i am pretty sure the Chinese Government will do nothing to save those uppity fuckers.
They will use this as ammunition for propaganda, allowing the chinese public live showing of the US feeding off and gutting the mighty hong kong financial structure.
Why?
Hong Kong has served its purpose for the Chinese government, it is being overtaken by Shanghai, so while they planned a slow death for hongkong to teach those uppity western loving elites a lesson, they are more than happy for the US to kill it for them quickly.

Problem solved without dirtying your hands, and the political capital you can make from this is priceless.
There is the added bonus of getting rid of your major aid to corruption inside china, which is hong kong.
All the rich chinese that made their money through dodgy dealing and are chummy with the west, use hong kong as a conduit for transfer of funds to international offshore accounts.
In china you can be massivly corrupt no problem, but you cannot ally with and work with the western financial structure for you will surely be caught and executed like the half a dozen billionairs that were hanged , and the dozens of multimillionaires that were also hanged, who were too stupid to hide their money and run.

Not a bad move for uncle sam,
i expect a major boom for the US financial structure in the next 5 to 10 years.

Those fuckers sure know how to keep the ship from sinking, even if it is full of holes and heavily listing to portside.

Which means the Fed is gonna raise interest rates

More big bubble