Skip to main content

Killer Korrupt Kombo - Financial, Economic Terrorists

Seldom have I seen such admission or disclosure of how rotten the core of the financial and commercial sectors are... at least in a single day.

While the general world population grapples with the reality of economic drought and misery it turns out the self-anointed elitist has/is, (as always supposed by the perceptive), been shoveling wealth with a vengeance, illegally of course.

That part is no surprise, the surprise is the fact "mainstream media" has begun reporting the travesties. For decades the press has exalted the captains of industry and commerce as our leading light.

If the objective of terrorism is to destroy the will and well-being of citizens then your governance (the enablers), corporate entities and banking fraternity should all be in GIT-MO.


Headlines in a single day...

Banking suffers another blow as scandals pile up
(Notice the use of "scandals"  instead of "larceny", makes it seem naughty rather than hard-core criminal... doesn't it?)
The sequel to the financial crisis is under way, and there are no prizes for guessing who has been cast in the role of villain.
It has been a very bad few weeks for banking. The walk of shame has included employees tarred as rate-manipulators (Barclays PLC), money launderers (HSBC Holdings PLC), rogue traders (JPMorgan Chase & Co.), and outright fraudsters (Peregrine Financial Group Inc.).
Even for a public hardened to revelations of Wall Street misdeeds, the recent spate of scandals is a lot to absorb. One sign of the times: Eliot Spitzer, the former governor of New York, recently compared the industry to Penn State, the university where a culture of impunity shielded a child molester.
Tax havens: Super-rich 'hiding' at least $21 TRILLION
A global super-rich elite had at least $21 trillion (£13tn) hidden in secret tax havens by the end of 2010, according to a major study.
The figure is equivalent to the size of the US and Japanese economies combined.
The Price of Offshore Revisited was written by James Henry, a former chief economist at the consultancy McKinsey, for the Tax Justice Network.
Tax expert and UK government adviser John Whiting said he was sceptical that the amount hidden was so large. 
Mr Whiting, tax policy director at the Chartered Institute of Taxation, said: "There clearly are some significant amounts hidden away, but if it really is that size what is being done with it all?"
Mr Henry said his $21tn is actually a conservative figure and the true scale could be $32tn. A trillion is 1,000 billion.
Mr Henry used data from the Bank of International Settlements, International Monetary Fund, World Bank, and national governments.
His study deals only with financial wealth deposited in bank and investment accounts, and not other assets such as property and yachts.
This is where I would usually go into my rant, not this time though, some things are just so self evident they do not require embellishment. You will draw your own conclusions no doubt... and arrive at the same sense of horror, indignation and repulsion I have.

The only question left... "Where is the outrage?"




Stay tuned...

Labels

Labels:

Comments

Post a Comment

Popular posts from this blog

Women and children overboard

It's the  Catch-22  of clinical trials: to protect pregnant women and children from the risks of untested drugs....we don't test drugs adequately for them. In the last few decades , we've been more concerned about the harms of research than of inadequately tested treatments for everyone, in fact. But for "vulnerable populations,"  like pregnant women and children, the default was to exclude them. And just in case any women might be, or might become, pregnant, it was often easier just to exclude us all from trials. It got so bad, that by the late 1990s, the FDA realized regulations and more for pregnant women - and women generally - had to change. The NIH (National Institutes of Health) took action too. And so few drugs had enough safety and efficacy information for children that, even in official circles, children were being called "therapeutic orphans."  Action began on that, too. There is still a long way to go. But this month there was a sign that ...
Post a Comment
Read more

Benefits Of Healthy eating Turmeric every day for the body

One teaspoon of turmeric a day to prevent inflammation, accumulation of toxins, pain, and the outbreak of cancer.  Yes, turmeric has been known since 2.5 centuries ago in India, as a plant anti-inflammatory / inflammatory, anti-bacterial, and also have a good detox properties, now proven to prevent Alzheimer's disease and cancer. Turmeric prevents inflammation:  For people who
Post a Comment
Read more

Austerity-A Fancy Word for Destitute.

The reason for this post is not for the folks who have been caught in the first wave of personal economic hard reality, but the next wave. Regardless of the optimism espoused by grinning leaders and sycophant press, we are entering the final stage of global economic collapse. It began in 2008 and was forestalled for five years with fudge putty, but the weight of global indebtedness cannot be propped any longer and the final crunch is imminent. Austerity measures herald the final throes.  Indications of coming austerity.   Austerity measures are the final last ditch effort, futile or not! Back in the day many of us old-timers went through periods of "hard-times". In retrospect I realize there is no comparison to yesteryear hard times and today's version. Back then, expectations were never very high for the working class, there were no sophisticated systems or conveniences anyway. In fact the difference between being "set" or not was about having treats or not. Si...
Post a Comment
Read more