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World Leaders Shaken: The Panama Papers Are Not For Training Your Puppy
Iceland’s Prime Minister has already resigned since the discovery of the Panama Papers a week ago. 11.5 million hidden top secret documents exposing 214,000 offshore companies that date back to the early 1970s and going forward has been completely exposed.
Which leaders are shaking most? Vladimir Putin, David Cameron, even Hillary is involved. The fallout of this revelation hasn’t even begun to unravel. Here’s Ray with the report. Join him now.
This is Ray Mossholder.
What have we here? The Panama Papers. This is far better than finding gold eggs at an Easter egg hunt.
Just think of this: 11.5 million hidden top secret documents exposing 214,000 offshore companies, dating back to the early 1970s and going forward until now has been completely exposed.
Zillionaires from government leaders to movie stars to others of the rich and famous have been caught with both hands and one foot in the cookie jar.
An anonymous whistleblower with the extremely creative name of “John Doe” began sending batches of these documents to a German newspaper whose name I’m not going to try to pronounce.
Oh, all right, I’ll try to pronounce the newspaper’s name just for you – Suddeutsche Zeitung. I knew you’d want to know.
John Doe also sent this note: “My life is in danger. We will only chat over encrypted lines. No meeting ever.”
The first batch included the government leaders, at least at that moment in 2015, of five nations – Ukraine, Saudi Arabia, United Arab Emirates, Iceland, and Argentina. That was the tip of the iceberg. Very soon government leaders from forty other nations were exposed to have hidden their treasures not in a vault, not in a sock, not in a piggy bank, not buried in their backyard, but with a Panamanian corporate service provider with yet another name only a mother could love – Mossack Fonseca.
One of the major names found among the papers was David Cameron, Prime Minister of England. Since that moment, England’s PM has taken so many different positions about it that he is now being invited as a candidate for “Dancing With The Stars”.
Maybe it would be more accurate to say that David Cameron is making so many excuses about his involvement in the Panama Papers that he sounds like Richard Nixon just before the Watergate scandal broke.
Russian President Vladimir Putin is the dictator of a Communist nation and holds maximum power, unlike Cameron, and will most likely dodge the bullet over being found out. The Panama Papers show him to be hand in glove with Bank Roossiya in a money-laundering scheme that involves at least $2 billion (how many rubles is that?) through banks and offshore companies. Putin’s close associate Sergey Roldugin, a buddy since childhood, an orchestra conductor and classical cellist, appears to have acted as a frontman to keep Putin’s name off the records, and is taking the heat. Putin is denying he is connected with this and, of course, we believe him. Right?
Here’s another name that has been prominent in the news – Ukraine’s pro-Western President Petro Poroshenko. Documents found in the Panama Papers show that in 2014, Poroshenko “scrambled to find a copy of a home utility bill for him to complete the paperwork to create a holding company in the British Virgin Islands.” All kinds of excuses are being made by a Poroshenko’s spokesman today. Well, uh, um, it depends on what the word is is.
And it was a cold day in Iceland when the name Sigmundur Gunnlaugson was discovered in the Panama Papers. It soon showed Iceland’s Prime Minister and his wife had hidden millions of dollars of investments in his country’s banks in an offshore company. Ironically, Gunnlaugson was elected as Prime Minister after Iceland had financially collapsed. That’s not to say that Gunnlaugson wasn’t generous. It was also discovered that a few years ago he sold half of his hidden money to his wife for just one dollar! Ah, love! With a gotcha look at these papers from the people of Iceland, Gunnlaugson’s head was the first to roll of all the world leaders. He has resigned over the scandal.
Recently, I read in one of the comments written to me by a viewer, concern over Bernie Sanders and his socialist position. The writer stated: “I am worried about Sanders being elected president of the United States. Socialism is so close to communism that there are very few differences. Both systems seek a classless society in which wealth is redistributed through centralization of power by the state which is controlled by one party. They systematically silence opposition through control of the media, education system and the seizing of firearms. Initially, industries seeking favoritism join with the state to assist with control but ultimately end up being controlled themselves. The state controls the healthcare and welfare systems the masses rely upon.”
I quote that because of the family of still another Communist president – Xi Jinping – who has prided himself for cracking down on corruption in China. Evidently, he hasn’t included the members of his own family. They were front and center in the Panama Papers. According to Mossack Fonseca, along with keeping it all in the family, Xi has “serviced enough Middle East royalty to fill a palace. He also fulfilled the Wheel of Fortune desires of two kings – Mohammed VI of Morocco and King Salman of Saudi Arabia – with luxury yachts
Among other families and associates of former world leaders were names linked with Hosni Mubarak, the former president of Egypt, Muammar Qaddafi, the former leader of Libya, oh, and one other who is still in power – Syrian president Bashar al-Assad. Remember him?
Oh, and we can’t leave Hillary Clinton out. Hillary’s campaign manager, John Podesta and his brother Tony have ties to Russia’s largest bank – Sberbank – a major player. Less than a month ago, their Podesta Group lobbying firm accepted this huge bank as a client. Tony Podesta bundles campaign donations for Mrs. Clinton and is listed as a lobbyist for Russia’s bank. All this sounds like a cozy arrangement if you think both Russia and Hillary is our friend.
Half of the oober-rich companies exposed were in the British Virgin Islands, while Hong Kong contained the most affiliated banks, law firms and middlemen.
In spite of how it looks, not everybody involved is in trouble. Secretly hiding your millions away whether you are a wealthy tycoon or an offshore business is legal. So if you want to keep your fifteen gold bars safe, you can do it that way. Just thank me for letting you know.
Investigative reporters, however, are pouring over these documents like milk over Cheerios. They are searching for illegal operations, drug and sex trafficking, fraud and tax evasion.
That newspaper whose name I tried to pronounce eventually received from John Doe 2.6 terabytes of data. Deluged by the secret information, they called for the US-based International Consortium of Investigative Journalists which includes 400 journalists at 107 media organizations in 76 different countries.
Less than one week ago, 149 of these secret documents were no longer secret. The Consortium published them last Sunday, April 3rd. They have also vowed to publish a full list of companies involved early next month.
Here’s some more about names: the formal title of the oober-rich money hideaway is “offshore financial center”. It’s less formal name is “a tax haven for the rich”. And this includes both the legitimately rich and Mafia–type crooks, hoodlums, and the scum of the earth.
These tax heavens, er, tax havens woo their customers from other countries and ask nothing or at most, extremely little, about whoever wants to do business with them. They also offer very low taxes – not at all what they would pay in their own country for their riches – companies pay 35% in America. It is for the purpose of escaping their own countries taxes that Sugar Daddies and Sugar Mommies make much of their money seemingly disappear in offshore financial centers.
Igor Angelini, the head of Europols Financial Intelligence Group, has said that the shell companies operating like the treasure house for so many of the rich in this world today “play an important role in large-scale money-laundering activities, corruption and the transfer of bribe money.”
The Tax Justice Network is called Panama and is not only the oldest but are the best-known tax havens in the Americas. It has, according to The Conversation been “the recipient of drugs money from Latin America, plus ample other sources of dirty money from the United States and elsewhere.” Panama has done everything it could to keep all of the money they receive written with invisible ink. It’s their dirty little secret, and now it’s no longer a secret at all.
In all, Mossack Fonseca has been working with more than 300,000 companies including Deutsche Bank, HSBC, UBS, etc. I won’t even begin to read the list to you because I would still be reading it when you have to go to bed.
Forty governments have now been identified including Australia, New Zealand, China, Egypt, France, Greece, India, North Korea, Pakistan, South Africa, Spain, and Syria. There are some big name people who have been discovered in the expose’. Two of these include Prime Minister David Cameron and Vladimir Putin from you know where.
Mossack Fonseca doesn’t seem to have had any favorites. While the United States has sanctions against Rami Makhlouf, Syrian president Bashar al-Assad’s cousin, they were taking very good care of him.
North Korean banker, Kim Chol Sam and British banker Nigel Cowie, totally ignored international sanctions on North Korea and continued to do big business with North Korea’s arms dealer “Korea Mining and Development Trading Corporation”. Mossack Fonseca was instrumental in helping to expand North Korea’s nuclear weapons program. British banker Cowie said he wasn’t aware that these transactions were illicit. He was getting a big bang out of hydrogen bombs.
Here’s a name you’ll recognize – Jackie Chan. The linked documents show that Jackie is a shareholder with six different companies based in the British Virgin Islands. And here’s another – Simon Cowell. Again, they obviously didn’t want to pay all their taxes, but then, who does?
One name absolutely missing from this yugggge list is Donald Trump. He’s saving his money to make America great. But with all these other people remember the Panama Papers are not for training your puppy.
This is Ray Mossholder – a name that was also not found there. But if they do find it, I’ll let you know.
World Leaders Shaken: The Panama Papers Are Not For Training Your Puppy
World Leaders Shaken: The Panama Papers Are Not For Training Your Puppy