Originally appeared at Strogosekrento, translated by Borislav exclusively for SouthFront
The massive leak of secret documents from the Panama based law firm Mossack-Fonseka on April 3, disseminated by some structure – International Consortium of Investigative Journalists (ICIJ) – created by Soros and the German newspaper Suddeutsche Zeitung, revealed the names of thousands of politicians and crooks hiding trillions of dollars in offshore tax heaven areas. The leak accounts for more than 214,000 offshore units from some 200 countries and territories.
Right from the start it was clear that the Panama Papers is a conspiracy concocted by the CIA and Mossad against Russia, and especially against Vladimir Putin.
The law firm Mossack-Fonseka is one of the world’s largest creators of shell companies that can legally be used to conceal illegally accumulated wealth. The data contain e-mails, contracts, bank records, documents for property, copies of passports and other sensitive information for the period from 1977 to December 2015. That is to say, from the commencement of operations of this company created by the CIA and drug trafficking in Panama at the time of Manuel Noriega.
A quick review of the files shows that Mossack-Fonseka is involved in the diamond trade in Africa, and the international market of artwork. The company has serviced so many kings in the Middle East that you could fill an entire palace with them.
Today, Mossack-Fonseka is regarded as one of the top five wholesalers of offshore secrecy. There are over 500 employees and associates in more than 40 offshore areas around the world, including Switzerland and China.
But there is silence about that which is the most important.
The leaked documents reveal that the world’s major banks are the main engine for the creation of shell companies in Panama, the Virgin Islands and other offshore areas. The files contain nearly 15,600 companies, that banks have created for their customers, including thousands created by the established international giants UBS and HSBC! For example, UBS has created more than 1,100 offshore companies through Mossack, and HSBC – over 2300 companies.
This brings us to the most important. The affair is not so much because the rich do not pay their taxes and hide billions. The affair is more important, since within this whole global structure of offshores, there are hidden 21-32 trillion dollars.
The pogrom of offshores in the so-called “Operation Offshoreleaks” continues. It is a coordinated global operation.
On April 4, 2013 this same organization – International Consortium for Investigative Journalists, released 260 gigabytes worth of information, which is 160 times more, than the information leaked in 2010 by WikiLeaks. The files contained 2.5 million documents, registration data on 122,000 offshore companies in the British Virgin Islands. It contained the names of 120,000 people from 170 countries. A total pogrom.
It was clear that this is not done by one person, but by the forces of major banks and major global intelligence agencies.
At the second stage the offshore database information was handed to the organization ICIJ. The biggest players in the project were the BBC and the British Guardian.
Then, as now the question of the purpose of the operation instantly appears. It is difficult to argue that the process of offshore tax havens in the world economy has gone too far and that offshores are hiding assets upward of 32 trillion dollars. But immediately noticed is that behind the apparent struggle with offshores, there are other objectives.
The main structure involved in the project – ICIJ, causes many questions. It is only known that it was established in 1997 with a central office in Washington, and that it has about 160 journalists from 60 countries and that it was established as a project with a major public structure. Its sponsors are the Knight Foundation, the Ford Foundation and George Soros.
Looking at the map of jurisdictions that generally apply to offshores, we immediately notice that most of them are associated with Britain – historically and currently. There are the former colonies of Cyprus, Hong Kong and Vanuatu, and the current holdings Bermuda, England, Gibraltar, Isle of Man, Jersey and Guernsey. The growth and scale of the British offshore jurisdictions was inextricably linked with the restoration of London as an international financial center in the second half of the twentieth century. Starting from the deployment of offshore Eurodollar market in London in the mid-50s, Britain was actively developing offshore centers in the lands that are under its control. They retained ties with the mainland and attracted affiliates in key US, Canadian and European banks and from wealthy individuals. In 2009, a new study showed that everything was under the direct control of the British government authorities, the Bank of England, the Treasury and, of course, the headquarters for external espionage – MI-6.
In the center of the British networks is London, which became the leading financial center of the world in recent decades, its only real competitor is New York. The City of London, also known as the square mile because of its size, is a unique state within a state. A sort of Vatican of the global financial mafia. The City has a different status and is actually a domestic offshore. This status is based on foundations formed in the course of centuries. The British kings and governments received loans from banks and financial companies, mostly Jewish, starting from Rothschild, and in turn giving them freedom beyond the laws that were binding in other areas of Britain.
At the time of the British Empire, the City played the role of a locomotive of economic expansion of the empire, and today is the center of much of the modern global offshore system. In the 80’s of the twentieth century, the City of London became the center of a vast hidden financial network covering the whole world. Parts of it are the various offshore centers, that intercept capital passing through and referring them to the City. To this day the system looks like a spider web.
British possessions – the islands of Jersey, Guernsey and the Isle of Man, are not formally part of Britain and the EU, and have their own laws. They are the inner circle of offshores serving the City. They focus on customers from Britain and other European countries and are closely associated with London. Entering the City are billions of bank deposits, which are used for further investments.
The next round of offshores are the overseas territories like Bermuda, Cayman and the Virgin Islands. On the one hand, their administration is appointed by London and they are again linked with the City, but because of remoteness they have some autonomy.
The outermost circle are former British possessions such as Mauritius, Hong Kong and the Bahamas. Although they are independent now or a part of China (Hong Kong in 1997), their relations with the former metropolis are built in such a way that they’re delivered to the City billions of dollars.
Realistically Britain and Rothschild are giant offshore centers, thanks to the network of tax heaven regions, offshore, etc., each of which is a branch of the City of London. The Cayman Islands, Gibraltar, the Virgin Islands maintain secret accounts and do not publish official records of their companies. However, all of them are controlled by Britain, and are contained in the “white list” as transparent institutions. This is advantageous to the City, which is the largest recipient of dirty capital of the British offshore network.
But in the current financial climate, it is increasingly difficult to maintain this model. In previous years, when growth rates were high, excess liquidity was derived from active circulation in these financial centers. But today, when developed economies are faced with a low pace and high government debt, the conditions have abruptly changed. Now they want to repatriate capital drawn from circulation in order to put them back to work. This explains the fierce backstage battle between the United States, England, Switzerland, Luxembourg, Monaco, etc.
With Mossack-Fonseka there are also the links to the Nazis, the CIA and the Mexican drug lords. Jurgen Mossak’s family arrived to the US in the 60’s. During World War II his father was in the Nazi SS. In Panama, the old Mossak was spying Cuba for the CIA, and had links with the Mexican drug cartel. There are also Mossak’s connections with Nevada (USA).
Why is Nevada so important? Because, according to the latest data, the world’s best offshore tax haven is the United States.
The US is creating a new market for hiding illegal wealth and all firms and lawyers in London and Switzerland are now helping the rich to outsource their money in the Bahamas, Panama, the Virgin Islands toward Nevada, Wyoming, South Dakota. That is the purpose of the exercise.
Dirty dollars are taken back to the US without asking questions and are hidden behind the most impenetrable secrecy on the planet.
Here appears Rothschild again. There is one company that has accelerates the transformation of the United States into Panama. A Rothschild clan company has opened in Reno (Nevada). This company now transfers the riches of customers from offshores, toward the Rothschild Trust in Nevada. In the presentation of the new Rothschild tax haven in Nevada there was the statement: “This is the biggest tax heaven paradise in the world.” This is about bringing back 30 trillion dirty money, printed by the Federal Reserve System of the USA.
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