Posts Tagged ‘Panama’

US Plutocrats: Delaware, Not Panama

April 8, 2016

I long said that the USA was the world’s number one tax haven, followed by Great Britain. And this is exactly why these two countries are the seat of global plutocracy. (London boasts that it is the world’s number one financial place, ahead of New York.) The New York Times in “Need to Hide Some Income? You Don’t Have to Go to Panama”, April 8, 2016:

“For wealthy Americans looking to veil their assets and shield some of their income from taxation, there is no need to go to Panama or any other offshore tax haven. It’s easy to establish a shell corporation right here at home.

“In Wyoming, Nevada and Delaware, it’s possible to create these shell corporations with virtually no questions asked,” said Matthew Gardner, executive director of the Institute on Taxation and Economic Policy, a nonprofit research organization in Washington.

In some places, it can be more difficult to get a fishing license than to register a shell company. And it doesn’t cost much more.”

Delaware Is The World’s Pluto Center. 285,000 Companies Are Registered In That Delaware Building Alone.

Delaware Is The World’s Pluto Center. 285,000 Companies Are Registered In That Delaware Building Alone.

Delaware allows companies to shift the seat of their business and their profits to Delaware, where, conveniently, there is no tax.

Speaking of the Panama Papers, “This is just one firm [Panamanian Mossack Fonseca law firm] in one place,” said Gabriel Zucman, an economist and the author of “The Hidden Wealth of Nations: The Scourge of Tax Havens,” “So it cannot be representative of what’s happening as a whole in the world.”

“But Mr. Zucman, who estimates that about 8 percent of the world’s financial wealth — more than $7.6 trillion — is hidden in offshore accounts, said another reason was that it is so simple to create anonymous shell companies within the United States.

Wealthy individuals and businesses that want to mask their ownership can conveniently do so in the United States, and then stash those assets abroad.

Yet while the United States demands that financial institutions in other countries share information about Americans with accounts overseas, its reciprocation efforts fall short, critics say.

“You see a ton of wealth in tax havens in Switzerland and the Cayman Islands that is owned by shell companies that are incorporated in Panama or in Delaware,” he said. “The bulk of this wealth does not seem to be duly declared on tax returns.”

The Institute on Taxation and Economic Policy in “Delaware: An Onshore Tax Haven” observed that the state’s obscurity, combining with a loophole in its tax code “makes it a magnet for people looking to create anonymous shell companies, which individuals and corporations can use to evade an inestimable amount in federal and foreign taxes.”

***

Not to think the New York Times is going against the branch on which it sits, plutocracy. The preceding extracts were hidden away from the electronic front page. What we found on the front page was Krugman going all-out against Bernie Sanders in Sanders Over The Edge.

A good way to say bad things is to sound reasonable’ Krugman excels at that:

“…most liberal policy wonks were skeptical about Bernie Sanders. On many major issues — including the signature issues of his campaign, especially financial reform — he seemed to go for easy slogans over hard thinking. And his political theory of change, his waving away of limits, seemed utterly unrealistic.

Some Sanders supporters responded angrily when these concerns were raised, immediately accusing anyone expressing doubts about their hero of being corrupt if not actually criminal. But intolerance and cultishness from some of a candidate’s supporters are one thing; what about the candidate himself?

Unfortunately, in the past few days the answer has become all too clear: Mr. Sanders is starting to sound like his worst followers. Bernie is becoming a Bernie Bro.

Let me illustrate the point about issues by talking about bank reform.

The easy slogan here is “Break up the big banks.” It’s obvious why this slogan is appealing from a political point of view: Wall Street supplies an excellent cast of villains. But were big banks really at the heart of the financial crisis, and would breaking them up protect us from future crises?”

Actually Krugman is a specialist of trade, not banks. Bank specialists like Simon Johnson, have called for the break-up of the 21 biggest banks (which are recognized as special by the present US government).

Krugman detests Sanders saying Hillary has no clothes:

“It’s one thing for the Sanders campaign to point to Hillary Clinton’s Wall Street connections, which are real, although the question should be whether they have distorted her positions… But recent attacks on Mrs. Clinton as a tool of the fossil fuel industry are just plain dishonest, and speak of a campaign that has lost its ethical moorings.

And then there was Wednesday’s rant about how Mrs. Clinton is not “qualified” to be president.

What probably set that off was a recent interview of Mr. Sanders by The Daily News, in which he repeatedly seemed unable to respond when pressed to go beyond his usual slogans. Mrs. Clinton, asked about that interview, was careful in her choice of words, suggesting that “he hadn’t done his homework.”

But Mr. Sanders wasn’t careful at all, declaring that what he considers Mrs. Clinton’s past sins, including her support for trade agreements and her vote to authorize the Iraq war — for which she has apologized — make her totally unfit for office.”

Speaking of exhibiting extremely deep, vicious dishonesty, I sent the following comment, it was censored:

It was obvious, during the ramp-up to the Iraq war that the top leaders of the USA had lost their mental balance. The United Nations did not believe their lies and refused to give them an authorization to attack Iraq. Bush attacked, without a UN Security Council authorization, because he was supported by New York Senator Clinton. The invasion of Iraq by the US caused millions of people to die or being wounded. It brought the Islamist State.

Those who engineered this debacle should have been prosecuted for crimes against humanity. Suggesting they are decent, because they apologize, is to deny civilization has merit. Proposing to be led by them again is proposing to learn nothing from the past.

Specialists of banks long suggested to break big banks and big shadow banks (Simon Johnson, 2009). This is not a revolutionary proposition. Teddy Roosevelt broke big oil. When President Franklin Roosevelt came to power, he closed all the banks. That was much more revolutionary.

Global trade treaties enabled giant corporations to extend their monopolies to the entire world. This way, they escape local legislation. An example is the “Double Irish” Apple Inc. and many other corporations use. The CEO of Apple admitted that two-third of the profits of Apple were not taxed.

End of my comment. Krugman never mentions subjects such as the preceding with the angle I use. In his world, big banks, big trade, big bucks, etc. are absolute big goods.

Hillary is his “sis”, with a bit of luck, she will be grateful, and make him big something, some more. Heathens such as me, with their strident Clintonophobia, have no doubt “not done our homework” because, like Sanders, we are just reprobate school children of no intellectual merit.

Try not paying taxes, as big fishes do, if you are a little guy. You will be sent to jail, anywhere in the West. Plutocracy central? You bet!

Another, completely innocuous comment of mine to Krugman later in the day was also censored. Krugman’s post was entitled “Why Cruz is worse than Trump“. Exactly what I have been saying for five months. I guess the dear professor noble Nobel whatever, is not too keen to expose where he gets (some of) his inspiration from. These are sad, nervous days, for those who love plutocracy, the old fashion way.

Nine 5 Star Hotels In Bariloche, Argentina, & Golf Courses To Receive Obama & His Secret Service, In Style, Next Year

Nine 5 Star Hotels In Bariloche, Argentina, & Golf Courses To Receive Obama & His Secret Service, In Style, Next Year

In “USA Financial Extortion“, the essay linked to at the beginning of this essay, I pointed out the connivance between New York “Justice” and financial “Vulture Funds”. Meanwhile, the son and scion of one of the richest persons in Argentina was duly elected president, and Obama rushed to celebrate him, after 15 years of cruel, demented, anti-Krugman, anti-financial plutocracy rule in Argentina. That new Argentinian plutocrat and president is called Macri. He is a dancer. It turns out he was the name on shell companies in several places of the Anglo-Saxon plutocratic empire (such as the Bahamas). That was just revealed in the Panama Papers. Never mind.

Macri, as president, reduced the arrogant financial demands of the lower classes in Argentina: he needs all the money in the world, to pay his Vulture Fund friends in New York, whom Obama serves so well. So brand new president Macri threw more than one million people in poverty, by gutting their allowances: more than 2.5% of the total population of Argentina. Such is the way of the admirers of Reagan: make the rich richer, and the economy will reward you (thus, when Obama came to power, he saw the economy and its big banks were sick: so he gave all the money in the world to the big banks, and reduced the tax rates of the hyper rich by 20%, and now you can see the economy is right).

In any case, throwing more than a million to the poor house is glorious: not bad in a few weeks of assuredly very presidential work. Maybe Macri’s dad can propose newly retired super star noble Nobel Obama some 5 star stay in Bariloche, next year? Just an idea. What are friends for, among the world’s rulers, if not grateful?

Patrice Ayme’

Plutocracy Causes Cancer

April 4, 2016

PLUTOCRACY CORRUPTS NOT JUST SOULS, BUT BODIES

The most advanced countries claims not to be corrupt. They publish propaganda to this effect every year. The USA has even a “Foreign Corrupt Practice Act”, which is not just used to eliminate rivals, but to bludgeon in the mind of its naïve citizens, that the US is not corrupt. That the most advanced Western countries are not corrupt, is mostly an opinion about themselves that the powers which rule these countries have imprinted their subjects that they should hold it. And we will show here that it is obviously wrong.

Indeed, if the most advanced countries are as little corrupt as they claim to be, why do they fester with so much cancer? Should we not view cancer as a form of corruption? A corruption of the body? An objective form of corruption, which does not lie? Could we then see this map of true corruption appear objectively, by looking at the world’s cancer rate?

Hard To Swallow. Rate of Stomach Cancer, Worldwide. Euramerica Festers With Most Corrupt Stomachs. Could It Be From Poisons Ingested To Make Plutocrats Ever More Powerful?

Hard To Swallow. Rate of Stomach Cancer, Worldwide. Euramerica Festers With Most Corrupt Stomachs. Could It Be From Poisons Ingested To Make Plutocrats Ever More Powerful?

Could it be that this corruption of the body come from a corruption of the institutions?

Arlene Blum, famous mountaineer and scientist put it in a Science Magazine editorial, March 11, 2016, “Tackling Toxic:

“Most Americans believe that if a chemical is in their cosmetics, their coat, or their couch, someone is making sure it’s safe for their health. In reality, little toxicity information or regulation is required for 80,000 industrial chemicals used in commerce in the United States. To address this, legislation to update the ineffective 1976 Toxic Substance Control Act (TSCA) is currently moving through Congress. The hope is that it will lead to improved regulation of chemicals, but the extent and timeliness of the reform are not certain. In the meantime, the widespread use of harmful chemicals continues to pose a threat to our health and environment.

In 1977, Bruce Ames and I published a report that a flame retardant in children’s pajamas called “brominated Tris” was a mutagen and potential carcinogen. Three months later, it was banned from children’s pajamas, only to be replaced by “chlorinated Tris.” We determined that this too was a mutagen, and it was removed from pajamas. Such regrettable substitution of a harmful chemical with a less-studied cousin is like “a game of whack-a-mole,” according to Donald Kennedy (former editor-in-chief of Science and former commissioner of the U.S. Food and Drug Administration).*

Unfortunately, highly fluorinated chemicals are now getting the regrettable substitution treatment. These chemicals provide stain and water repellency in outdoor clothing, nonstick cookware, furniture, carpet, cosmetics, and food contact paper. However, they are highly mobile, have no known degradation pathways in the environment, and can persist indefinitely.

Perfluorooctanoic acid, commonly called C8, has an estimated half-life of 2.3 years or more in humans and is associated with cancer, elevated serum cholesterol levels, and other health problems. C8 was phased out of consumer products in the United States last year, a half-century after toxicologists first revealed its potential for harm. It was replaced with numerous perfluorohexanoic acid (C6) compounds that are more rapidly excreted by humans but also show extreme environmental persistence. Are these replacements safe? There is limited research thus far on the toxicity of the C6 alternatives. However, they are increasing in the environment and in human blood, and they share the potential toxicity of their C8 relatives.

One solution to the regrettable substitution problem is to address entire families or classes containing toxic chemicals rather than tackling them one at a time. For example, the Green Science Policy Institute, an organization of scientists that promotes the responsible use of chemicals, has called for a 50% reduction over the next 5 years in the use of six families of chemicals in consumer products, whose studied members have been found to be harmful: highly fluorinated chemicals, antimicrobials, flame retardants, bisphenols and phthalates, organic solvents, and certain metals. Before using such substances in products, we should ask “Do we need this chemical, given the potential for harm?”

Worldwide Incidence Of Cancer, Age Adjusted. Rich World, Rich In Subjugation To Plutocrats, Rich In Corruption, Rich In Cancer

Worldwide Incidence Of Cancer, Age Adjusted. Rich World, Rich In Subjugation To Plutocrats, Rich In Corruption, Rich In Cancer

The good news is that companies are starting to act: Kaiser Permanente, IKEA, Levi Strauss & Co., and Crate and Barrel are phasing out highly fluorinated and other chemical classes of concern from the products they buy, produce, and/or sell.

Scientists can contribute by evaluating health and environmental impacts across a chemical’s life cycle and looking for safer alternatives. They can make policy recommendations and collaborate on consensus documents. In 2015, 230 scientists from 40 countries signed the Madrid Statement, expressing concern regarding the persistence and toxicity of both the highly fluorinated C8 chemicals and the C6 alternatives. Scientists can catalyze dialogue and action among manufacturers, retailers, and large purchasers and have an immediate impact in reducing the use of harmful chemicals.

Such actions by the scientific community can, along with meaningful TSCA reform, improve the health of the population and the environment. Most important of all, it will make our planet healthier and safer for future generations.

  • * D. Kennedy, Science 318, 1217 (2007).
  • ‡ A. Blum et al., Environ. Health Perspect. 5, A108 (2015).

Dr. Blum works at UC Berkeley in the world’s most famous laboratory detecting the carcinogenicity of products. It was founded, many decades ago, by Dr. Ames, and is now the golden standard in that field. Dr. Ames noticed that mutagenicity implied carcinogenicity, and found easy in vitro tests for the former.

So none of 80,000 industrial chemicals used everyday in households and foods have been appropriately tested.

This is probably why so many people die of Parkinson (Andy Grove, founder of Intel just did so, at 79). In any case this is why the hundreds of thousands of California Monarchs which used to fly around, have disappeared (I saw one yesterday, just one, next to the flower they prefer, but which now have become very rare). Parkinson was unknown before Parkinson identified it in the 1820s in England.

This is also no doubt why the cancer rate of brain tumors has quadrupled since 1950.

Meanwhile a few people control half the wealth in the world… PRECISELY because the mood reigns that, among other things, chemicals should not be tested appropriately, or known thoroughly. It may well be why autism rates have blossomed.

After all, latest generation insecticides, neonicotinoids, a way to make insects smoke, and, thus, die, give a sort of Alzheimer to bees (and probably not just bees, methinks).

The same mood that dangerous people doing dangerous things should be left in peace plotting with their co-conspirators, means that, when Apple Inc. does the “double Irish” tax avoidance scheme through the British Virgin Islands, to become the most “valuable’ company in the world, little people thank Apple to be so vigilant about their iphones’ vaunted secrecy.

Corruption does not have to involved lots of money. Thanks to 2,000 strikes by Russian aircraft Palmyra was just liberated from the Wahhabists. Documents just read by French TV in Palmyra, show that an Islamist fighter could buy a woman for six months, for the modest price of three Euros. Yes, three.

Meanwhile, a leak of 11.5 million documents out of just one law firm in Panama shows much greater lawlessness than expected.

That leak, with just one law firm, shows how Global Demonic Plutocracy (GDP) pays the political leaders which it employs.

Let’s notice in passing my astounding foresight: I wrote on this site last week that Obama went to Argentina, to celebrate the reinstitution in Argentina of made in the US corruption. Sure enough, within days, the Argentine apparent Criminal In Chief, Mr. Macri, the new president, offered money to Vulture Funds based in New York. No doubt those New York Vultures billionaires could have fed discreetly the companies that said law firm is managing for Mr. Macri, the Argentinian Corrupter In Chief. The way it works is that local natives lend their names to head said companies, nominally speaking, allowing the likes of Mr. Macri, or the president of Iceland, or Ukraine, to be paid by Global Demonic Plutocracy.

It would be interesting to add up how many people the GDP kills each year. Considering everything, all the avoidable causes of death fosters onto us by the greedsters, it may well be above twenty millions. And this is even before the next large wars its policies may bring (as they did in 1914).

It’s a lunatic asylum out there, and, naturally, the inmates are not happy, when informed of that fact. After all, they elect their leaders, lionize plutocrats, and live exactly as they are told to live: by not taking great pleasure in asking as many uncomfortable questions, as they can possibly imagine. Instead the average male becomes an expert at sport scores of celebrities, like the despicable Mr. Messi (many times the best soccer player in the world, whatever that means for those addicted to sport scores…). Messi is one of 140 celebrities nabbed in the Panama papers. He is probably not one of the 150 sport celebrities given elicit drugs by this British doctor (his clientele was local, British super rich “sport” figures). It was long obvious that Spanish and British (let alone American) sport figures are drugged out (just look at their medals!)

That’s alright: those addicted to the scores of drug sports do not deserve any better.

But when we are all condemned to lunch, diner and what not, with Satan, and to eat the foods his obsequious servants the plutocrats, have concocted to poison us, I think we should draw a line…

Patrice Ayme’