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Archives for April 14, 2016

Hiding money in #London

April 14, 2016 by michaela whitton

 

Michaela Whitton
April 14th, 2016

(ANTIMEDIA) United Kingdom — The City of London has long been known as a tax bolt-hole, facilitating money laundering, welcoming dirty money, and turning a blind eye to the investment of dodgy foreign capital. Long before the Panama Papers leak and its resulting embarrassment, stampedes to buy property in the British capital eliminated locals from the market. Last year’s reports highlighting the purchase of over £100bn worth of London property by foreign investors through shady offshore firms were met with little more than sighs and apathy.

In contrast, the leaked documents linked to Panamanian law firm, Mossack Fonseca, have propelled ministers to the podium in a race to prove who will crack down on tax dodging the hardest — a bit like a small child who has been caught with a hand in its mother’s purse.

Leading a debate on tax avoidance and evasion, Shadow Chancellor John McDonnell said London is seen as the tax haven at the centre of the worldwide system, designed to help the super-rich avoid paying taxes. Urging ministers to go further than the allocated £10 million for a taskforce to investigate the leak, McDonell has called for an independent public inquiry into the Panama Papers.

Claiming shady operations like Mossack Fonseca are being aided by “supposedly reputable” accountancy companies in London, the Shadow Chancellor named four major London firms, accusing them of aiding and abetting the systemic abuse of the tax system — some on an industrial scale. In addition, he named two banks, RBS and HSBC, claiming they have been “particularly proficient” in directing funds through Mossack Fonseca shell companies.

“We should be clear about this: the City of London is now being viewed by many as a tax haven in the middle of a dense network of havens created for the super rich to avoid the taxes the rest of us must pay,” he added.

As the capital braces for another massive anti-austerity protest this week, which will also call for the resignation of David Cameron, Britain has been reprimanded by UNICEF for lagging behind poorer nations in reducing inequality. Meanwhile, the public scandal emerging from the Panama Leaks is due to continue for some time. In the world’s dirty money laundry, however, few will hold their breath waiting for the U.K. government to prove it is serious about tackling tax evasion.

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This article (While You Pay Taxes, the Rich Hide Their Money In This City To Avoid Paying Theirs) is free and open source. You have permission to republish this article under a Creative Commons license with attribution to Michaela Whitton and theAntiMedia.org. Anti-Media Radio airs weeknights at 11pm Eastern/8pm Pacific. If you spot a typo, email edits@theantimedia.org.

 

From theantimedia.org Team

Filed Under: Uncategorized Tagged With: Business, City of London, Corporatocracy, Economics, Geopolitics, Government Corruption, News, occupy, tax, Tax Shelter, top 1%, United Kingdom, World

The #Pentagon’s Counter- #Zombie Martial Law Plan: ‘Concentrate Firepower to the Head’

April 14, 2016 by mac slavo

Terminus---American-Zombie

What level of hell is in the process of descending upon this earth?

The twisted mind of strategic thinking must consider all contingencies, and prepare to defend against it.

And whether it seems like a joke or not, the Pentagon has a document preparing its forces for the remote possibility – or perhaps imminent cult film future pre-programmed through the media – of an all-out Zombie apocalypse.

Foreign Policy reports:

The U.S. military has always been the one place in government with a plan, forever in preparation mode and ready to yank a blueprint off the shelf for almost any contingency.

Incredibly, the Defense Department has a response if zombies attacked and the armed forces had to eradicate flesh-eating walkers in order to “preserve the sanctity of human life” among all the “non-zombie humans.”… [A Concept Operations document C]alled “CONOP 8888.”

“This plan fulfills fictional contingency planning guidance tasking for U.S. Strategic Command to develop a comprehensive [plan] to undertake military operations to preserve ‘non-zombie’ humans from the threats posed by a zombie horde,” CONOP 8888’s plan summary reads.

American TV viewers know all the twists and turns of the debasing fight against undead hoards of the human race, unconscious automatons intent on eating brains and over-running humanity.

But to spoil the fun before you’ve had it, keep in mind that this entire document, though “real,” holds a double meaning, alluding to the plan for maintaining dominance over the masses, who are largely unthinking and tend to follow propaganda prompts and orders to obey.

As its authors note in the document’s “disclaimer section,” “this plan was not actually designed as a joke.” Military planners assigned to the U.S. Strategic Command … looked for a creative way to devise a planning document to protect citizens in the event of an attack of any kind.The officers used zombies as their muse.

It is essentially a generic blueprint for occupying any major episode of civil unrest, economic collapse or major natural disaster. So what is really coming that the Pentagon isn’t telling us about?

If it seems to weird to be true, just see the Counter-Zombie Dominance PDF via Scribd for yourself.

Screen shot 2016-04-14 at 2.49.02 PM

Specifically, the document discusses how the use of head shots and martial law to restore civil order would be utilized:

“Establish and maintain a vigilant defensive condition aimed at protecting humankind from zombies. If necessary, conduct operations that will, if directed, eradicate zombie threats to human safety.”

“The only assumed way to effectively cause casualties to the zombie ranks by tactical force is the concentration of all firepower to the head, specifically the brain.”

“Zombies are horribly dangerous to all human life and zombie infections have the potential to seriously undermine national security and economic activities that sustain our way of life.”

“Given the rapidity at which zombie outbreaks spread, decisive, overwhelming, and possibly unilateral military force may be required to negate the zombie threat.”

“Given the likelihood of an all out threat to ‘human survival’, it is likely that this plan will be executed with a declaration of martial law with CONUS and U.S. territories.

The report also includes several nods to become personally prepared for all contingencies – including use of natural resources, and a reinforcement in the home or shelter:

“Rain will be vitally important to human survival. If civil water supplies are cut off, humans will have to rely on other means to obtain water… it will be difficult to determine if ground water is a vector for zombie infection.”

“Humans who do not shelter-in-place within a sturdy structure that protects them from the direct effects of air currents that could carry pathogens or toxins will be at increased risk of contamination, death and injury.”

Many preppers are expected to survive the zombie apocalypse, and define the character of what is left of humanity.

Will you be among them?

Read more:

The Walking Dead: 7 Mistakes That Would Get Somebody Killed in a Real Zombie Apocalypse

How to Prepare for the Zombie Apocalypse

What Do You Prep For: The Zombie Apocalypse: “Assume The Just In Time Infrastructure That Supplies Our Society Breaks Down”

Zombie Entertainment: A Lesson in Cognitive Dissonance and the Red Pill

Counter-Zombie Dominance PDF via Scribd

SHTFplan and Mac Slavo www.shtfplan.com

Filed Under: Uncategorized Tagged With: Commodities, economic collapse, Emergency Preparedness, Headline News, martial law, pentagon, prepping, zombie apocalypse

Stunning Map: #Oil Supply Glut Leads To Massive Tanker Traffic Jam: “Would Stretch For 25 Miles”

April 14, 2016 by mac slavo

oil-traffic-jam0

While oil prices have jumped about 50% in recent weeks, there appears to be no real reason for the move other than pure speculation and billion-dollar market cash infusions from unknown plunge protection teams.

But as the mainstream media continues to tout non-existent reduction agreements between oil producing nations, the following evidence suggests that the world remains awash in oil, so much so that there is no space to store it… anywhere on earth.

The following report from Zero Hedge explains just how much oil is currently sitting in limbo while suppliers try to figure out what to do with it:

Last week we revealed what we thought was a “shocking photo” of nearly 30 oil tankers caught in a traffic jam off the Iraqi coast, an indication of just how much excess oil is currently parked offshore.

oil-traffic-jam1

But the photo above, meant to do DB’s thesis justice, was nothing in comparisons to what Reuters would reveal today.

Because as ports struggle to cope with a global oil glut, huge queues of supertankers have formed in some of the world’s busiest sea lanes, where some 200 million barrels of crude lies waiting to be loaded or delivered, Reuters reports today.

The vessels, filled with oil worth around $7.5 billion at current market prices, would stretch for almost 40 km (25 miles) if formed up in one straight line.

Something not quite so theoretical, and yet almost identical taking place right now, is shown in the photo below, which shows VLCC supertankers traveling between India and Southeast Asia, courtesy of Reuters.

oil-traffic-jam2

And while the market is for now clearly ignoring the unprecedented accumulation of oil in offshore storage, a bearish indicator of just how much oil will hit markets if and when prices continue rising or when collapsing contango makes it no longer economic to hold for many it is an all too real daily existence.

…

The unprecedented number of ships at sea filled with cargo and just waiting for the signal to offload is also causing congestion between the main producer and consumer hubs.

Almost all supertankers heading to Asia pass by Singapore or adjacent facilities in southern Malaysia, the world’s fuel station for tankers and also a global refinery and ship maintenance hub.

Shipping data shows that some 50 supertankers are currently anchored in or close to Singaporean waters for refueling, maintenance or waiting to deliver crude to refineries or be used as floating storage.

This can be seen in the following Reuters photo of oil tankers lining up on the eastern coast of Singapore.

oil-traffic-jam3

While we struggle to figure out why the price of oil has sky rocketed, one can’t help but think there must be some level of manipulation involved.

In a separate report Zero Hedge revealed that the Federal Reserve met with banks who are holding tons of energy related toxic assets on their books and basically told them to hide the losses for as long as they can. Wells Fargo, in particular, reported today that they are on the hook for some $32 billion in exposure to junk rated oil and gas companies.

The reports confirm what resource strategist Marin Katusa said would happen just last month when he warned that banks and energy companies would first extend their debt as far out as possible, and then simply pretend it didn’t exist. The consequence of the manipulated numbers and continued supply glut, according to Katusa, means that oil will stay lower for longer:

Why?

Because what banker in their right mind wants to get dirty and actually operate an oil field?

So the debt will be amended, extended and then they’ll pretend. 

… Because you can’t just shut down an oil field. You have to reclaim those wells, which means you have to shut them down and environmentally reclaim them… and it costs more to do that today than what the actual value is.

The bankers know that.

… With innovation, in the Western world, costs will decrease and the bankers have no choice but to amend, extend and pretend the debt.

So they’re going to go lower for longer.

The Russian energy minister said this week that he is confident oil prices will be at $65 by 2017.

Yet, we remain skeptical until the massive supply glut is cleared out.

While we’ll stop short of attempting to forecast what happens next with oil prices, the evidence suggests that something is fundamentally wrong in the pricing mechanism for global oil prices.

If oil were to drop back to the January lows of around $26 per barrel, then all of those defaults in the energy industry may very quickly be realized.

And that has the potential to crash equities markets as a whole, just as we saw during the first few weeks of 2016.

As we noted earlier this year, such a crash in oil prices, or even continued low prices at current levels, could cause the most destructive economic situation since the Great Depression:

For the first time in 18 years, oil exporters are pulling liquidity out of world markets rather than putting money in. The world is now fast approaching a world reserve currency shift. If we see 8 to 12 months at these oil prices; U.S. shale industry will be wiped out. The effect on junk bonds will cascade to the rest of the stock market and U.S. economy.

…and this time there will be nothing left to catch the falling knife before it hits the American economy right in the heart. Not the FED nor the U.S. government can stop what’s coming. Liquidity will freeze up, our credit will be downgraded, the stock market will start to collapse, and then we can expect the FED to come in and hyper-inflate the dollar. This will cause the world to finish abandoning the world reserve currency in the last rungs of trade. This will be the end of the petrodollar.

We know the global economic system and the U.S. economy in particular is under extreme stress.

We also know that it simply can’t last. That’s simple arithmetic.

The only question at this point is: what will be the catalyst that sets the whole thing aflame?

SHTFplan and Mac Slavo www.shtfplan.com

Filed Under: Uncategorized Tagged With: oil

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