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neil young

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Thursday, April 7, 2016

Panama my Mind!

On Wednesday, [WikiLeaks] the international whistleblowing organization said on Twitter that the Panama Papers data leak was produced by the Organized Crime and Corruption Reporting Project (OCCRP), "which targets Russia and [the] former USSR." The "Putin attack" was funded by the US Agency for International Development (USAID) and American hedge fund billionaire George Soros, WikiLeaks added, saying that the US government's funding of such an attack is a serious blow to its integrity.
wikileaks-usaid-putin-attack 

"How ironic—no, how perverse—that the USA, which has been so sanctimonious in its condemnation of Swiss banks, has become the banking secrecy jurisdiction du jour....That 'giant sucking sound' you hear? It is the sound of money rushing to the U.S.A."
   --Peter A. Cotorceanu
beyond-panama-delawarepapers

It is interesting but not at all mysterious that there are no Americans named in the Mossack Fonseca documents. The reason is simple. U.S. law so clearly favors the rich that they have no need to go offshore to form shell corporations. They can do so legally in Wyoming, Delaware or Nevada. Rich people everywhere know it too. No need to go to Panama or Switzerland. The U.S. is now the best tax haven on the planet. Hopefully the corporate media will decide to cover that story too.
   --Margaret Kimberley, Black Agenda Report
panama_papers_problem