Monday, May 09, 2016

Floods: Panama Papers The Love Affairs of Capitalist Bankers with Communist Thieves

The anonymous whistleblower behind the Panama Papers has conditionally offered to make the documents available to government authorities. The world has just heard from John Doe,” the person behind the biggest information leak in history, saying that “income inequality is one of the defining issues of our time”. 
Head over to to read the statement in full

The International Consortium of Investigative Journalists publishes today asearchable database that strips away the secrecy of nearly 214,000 offshore entities created in 21 jurisdictions, from Nevada to Hong Kong and the British Virgin Islands.

Hard Core Irony of biblical proportions: Panama papers Communist Chinese rich listers were top Australian clients 

Mossack Fonseca's Australian client list can be searched on the Australian Financial Review'website from 4am on Monday as part of a release by the International Consortium of Investigative Journalists​, with Chinese investors comprising more than a fifth of the total identifiable Australian-based names.
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Australia's fifth-richest man, chairman of Hong Kong-listed Shimao Property Holdings Hui Wing Mau, who boasts a wealth of $6.9 billion, is on the list. He's among a number of Chinese billionaires listed

Not so Noble Park hot-spot for Panama Papers

See Also Velvet Digital Revolution The Panama Papers Manifesto

CODA:  China and Russia in rogues' gallery of countries from where $12tn is siphoned off to tax havens  

In its first three decades, the Soviet Union urbanized at about the same rate as China since 1978.
That is from Arthur Kroeber, China’s Economy: What Everyone Needs to Know, a new and useful introductory guide to what the title suggests.  This parallel of course is one reason why the early years of Soviet communism went as well economically as they did