The following offers no deep analysis…..just some links and key points from a few fairly recent random articles in the global media…..and some of them will really astound you – starting with a new study estimating that 20-30 TRILLION dollars of money is parked in offshore accounts by the world’s wealthiest to avoid taxation. This is a figure larger than the entire US economy and enough to resolve virtually any of the economic troubles now plaguing our globe. (More details on this study below.)
As I pull this together, investigators are now supposedly pursuing the LIBOR scandal involving Barclay’s, UBS and other major banks worldwide. And as they do, the usual conditions are already clearly falling into place:
Immunity for the perpetrators…..More below the orange financial death spirala financial slap on the wrist (seen as the cost of doing business by the guilty)….
and back to business as usual.