Without Fanfare, Financial Privacy Was Wiped Out Last Week in DC
By Daily Bell Staff - April 18, 2016

Britain and its European allies have announced new rules designed to be a “hammer blow” against tax evasion in direct response to the Panama Papers leak that exposed how the world’s richest and most powerful people hide their wealth from tax authorities. -Guardian

Never in the history of humankind has it been impossible to create an anonymous legal entity.

But now it will be. And this doesn’t seem to be a momentous event to the world’s mainstream media which is reporting on the story as if it has to do with tax evasion.

The larger issue is that a handful of elected and unelected bureaucrats have decided that YOU – a person, a businessman, an investor – have no right to set up a corporation without publicly affixing your name to it.

And just in case you have second thoughts about that, “tax havens” around the world will be pressured to cooperate with “Britain and its allies” who intend to deal a “hammerblow” to tax evasion.

The US must be seen as part of this allied charge as the “U.S. Treasury is Finalizing Rule to Combat Tax Evasion,” according to the LawyerHerald.

U.S. Treasury Secretary announced support on restraining tax evasion during his speech in the International Monetary and Financial Committee (IMFC) press conference at the IMF headquarter on Saturday. Secretary Lew said that the U.S. has planned a rule to combat shell companies.

… Lew also call all countries to exchange financial account information automatically in the wake of Panama Papers leak.

Lew’s statement corresponds to intentions voiced by Europe and Britain – and also by the Group of 20. The G20 issued a release calling on countries around the world and especially tax havens to voluntarily release information on corporate beneficial owners.

Previously, International Monetary Fund and World Bank officials had issued similar statements.

As well, the IMF seemed to indicate that it might take the lead on creating an international register of private companies that would reveal beneficial ownership.

In other words, countries would not allow the creation of anonymous companies.

To ensure that privacy was thoroughly penetrated, beneficial owners of such corporations – trusts, private corporations, shell companies – would be publicly listed in a way that might offer instant access via electronic communications.

The cascade of announcements occurred throughout last week in Washington DC where the IMF and World Bank were meeting with G20 officials.

The speed and gravity of the announcements certainly gives rise to the suspicion that they were pre-planned.

In fact, we are supposed to believe the opposite.

We are supposed to believe that the entire spectrum of international political and financial executives were so incensed with what the Panama Papers revealed that they were able to act in concert within a couple of weeks of the initial hacks.

This is in stark contrast to most international gambits that take months and even years to orchestrate.

And, yes, it is really unbelievable.

The entire Panama Papers leak is unbelievable. The 11.5 million email leak seems carefully calibrated to embarrass US and British “enemies” – especially political opponents such as Vladimir Putin.

And accusations that Russia itself organized the leak are almost laughable given the recent reactions emanating from Washington DC.

More and more it becomes difficult to deny that a sub stratum of organized globalism exists that is orchestrating a global regime of rules and regulations. These will affect seven billion people around the world while exempting a relative handful of families and individuals doing the orchestrating.

The mainstream media is habitually blasé about what’s taking place and the way the global regime is growing – quickly and powerfully.

It is the biggest story in the world and yet only the alternative ‘Net media gives it the singular urgency it deserves. And even then there are plenty of evolutions that are not fully noted.

This would seem to be one of them. The ramifications of what just happened in DC are enormous. Financial and investment privacy – a hallowed right for centuries if not millennia – has just been outlawed.

You, of course, are reading this article, and perhaps you do understand the heinous ramifications of what just occurred.

Conclusion: If you are one of the minority that does, no doubt you are already contemplating ways you can reinforce your privacy in a manner that does not fall afoul of the new regime. Physical delivery of gold and silver from anonymous sources may feature prominently in your thoughts, as no doubt they should.

You don’t have to play by the rules of the corrupt politicians, manipulative media, and brainwashed peers.

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  • littlebit43

    The mattress may get lumpy.

  • Boris Yeltsin? A bit late for that. As far as I know, he is still seriously dead.

  • acumen

    It is somewhat inconvenient to take physical delivery of physical gold without the benefit of secure storage. And, if you participate in leveraged trading, you certainly would not expect a bailment process to exist.

    • FalconMoose

      “Secure storage”=firearms?

    • Bruce C.

      I don’t think gold confiscation will be attempted because (like trying to eliminate cash) there are too many practical problems. For example central banks have about 15% of all the refined gold in the world,”investors” supposedly own about 20%, and the jewelry industry and individuals owning jewelry have about 55% of it, and its spread all over the world. It just wouldn’t be worth the physical and political costs.

      The problem that concerns me is the taxes they may impose on its sale (both to customers and back to dealers from customers). That would effectively reduce its value and impede its use and circulation.

      If that happens you should simply hold your gold and not sell it. When the dust finally settles it will be worth a lot in terms of the new currency and not many people will have any. It will succeed in being a store of wealth.

  • Linda JJ

    So the criminal class wants to know where all the loot is. I guess the productive class will just have to put it’s thinking cap on.

    • Guy Christopher

      No one ever said fighting tyrants is quick and easy. Even the colonists spent a century complaining about English kings before they shot their first redcoat.

  • Goldcoaster

    if “they” can essentially “do” whatever they want, then they can certainly confiscate gold. as did FDR. I mean, do you really think they are going to allow gold to destroy the system?

    • Guy Christopher

      You assume ‘they’ (government) would have any moral authority or even practical means to steal anything.

      • Heywood Jablome

        They don’t need moral authority, as they have never had it, and if the full force of government demands are brought to bear by coercion, then they can and will steal anything, “a government capable of giving you everything you want, is capable of taking everything you have” loosely paraphrased from the original quote…..

        • Guy Christopher

          No problemo, then. Stick your wealth into paper assets — dollar bills, stock certs, bonds — and stop worrying. You’ll be just fine.

    • FalconMoose

      Your Old Man knew the “world” is is Satan’s grip.

      • James Clander

        Religion is a disease

        • dauden

          Religion can sometimes lead to the truth. Materialism is hopeless.

  • Praetor

    My old man (Dad) told me live on this world just don’t be apart of it. Seems he saw the future and it now makes a great deal of sense, as I see the world today. You will have to be a magician and pull off a ruse to get past the Leviathan of Thievery to maintain any standard of living. Their out to get it all. Their problem is, they are not as smart as they think they are.

    I told my son, think evil stratagem and you know what their thinking and doing. In other word put yourself in their shoes. You will know what to do, to beat them!!!

    • FalconMoose

      Your Old Man knew the “world” is Satan’s domain. Until Jesus returns.

      • bouf

        He came back 40 years to the day he left.

        • dauden


    • Samarami

      Your “old man” was intelligent far beyond his “education”. People of his genre were capable of understanding because of “…lack-of-education…” — recognizing “education” as merely elegant, on-going propaganda.

      They could discern the forest in spite of them pesky trees.

      I’ve said this for ages (it seems): “Our Forefathers” (spoken with almost teary eyes, even by many “libertarians”) were not the Washington’s, Adams’, et al. Those were the lackeys in the tale of what we think of as “history”.

      The “forefathers” were the Genghis Khan’s, etc., the conquerors who made no bones about openly confiscating most of the production and breeding most of the women. They well understood that the conquered — those allowed to survive — would be happy as pigs in the sunshine being among the new “families-of-nations”.

      They’re the ones who got our ancestors to chirping about “countries”, “nations”, etc.

      “History” ain’t what most of us think it is. Sam

  • To every action there is an equal and opposite reaction. Seems to me this will create even more incentive for some enterprising country to capitalize on the situation. Switzerland might be smart enough to take advantage but my money is on Liechtenstein.

  • Surely, DB, you do not believe tax havens will be efficiently effectively outlawed and rendered a facility of the past and not remain as a valued accommodation for the future ….. no matter about all of the indignant hot air which is escaping from suitably outraged for media outlet ministers and officials?

    Was not playing to the crowds and gallery never more obvious …. and despicable ?

  • Haywood Jablome

    Gee…those Panama “leaks” sure came at an opportune time for the globalists, huh?

    Kabuki theater anyone?

  • Pilgrim

    As a Christian, I recognize four world-domination ideologies in the “four horsemen of the Apocalypse” of Revelation 6:1-8. The third of the four horsemen is a financial world domination ideology. This article helps complete the picture for you. Welcome to the future, ladies and gentlemen. We are at this moment in the midst of the Apocalypse.

  • John

    “More and more it becomes difficult to deny that a sub stratum of
    organized globalism exists that is orchestrating a global regime of
    rules and regulations. These will affect seven billion people around the
    world while exempting a relative handful of families and individuals
    doing the orchestrating.”

    Just Like Obama & the Politicians Along With Their Staffs Got To Opt Out Of ObamaCare – While Everyone Else Was Forced To Participate Or Be Fined.