Business

Pandora Papers, a box of trouble for whom?

Published

2 years ago

October 19, 2021

Pandoras box seems to be a well-known metaphor in today’s culture. It is often used to represent unknowingly opening a box of wop-ass. The Greek origins are a little more complex. Pandora was the first human woman, a gift from the gods. She was made from earth to be lovely as a goddess. With the gift of speech to tell lies, and the mind and nature of a treacherous dog. She was given a golden crown of animals and sea creatures. Pandora was blessed with grace, desire and caring to weaken her limbs.

Pandora was the first woman to live among mortal men, first bride and great misery. She was destined to live with men in times of plenty and to desert them in hard times. Her name means both “she who gives all gifts” and “she who was given all gifts”. In the mythology she opened a jar that belonged to her husband that contained every misery that affects man to today, but managed to close it before hope was able to escape the jar.

Which brings us to the latest document leak from the International Consortium of investigative Journalists or ICIJ. This is the latest of leaks following the Panama papers and the Paradise papers. ICIJ claims this is the largest leak of tax haven information ever. The 11.9 million financial records include information on 330 politicians and high level leaders, including 35 country leaders. For two years over 600 journalists from 117 countries helped to follow up leads exposed by the leak.

Top leaders with homes in Malibu, Monti Carlo, and high rise towers in Dubai. Investments in sugar plantations, polluting factories, and even a hospital. Secret companies and Trusts to hide assets from taxes and their people. ICIJ likes to point out that this money could have been used to help build roads, hospitals, and schools. They also imply the money comes from ill-gotten gains. Pointing out that hiding money is also used during drug smuggling, human trafficking, bribery, and international terrorism.

In an effort to seem like actual investigative journalists they do mention that nothing they were fed was illegal. They failed to mention that the tax regulations in every one of the countries involved are written by the rich themselves. Mostly by those not uncovered by the Pandora Papers. Something the 600 seemed to have over looked during their two year investigation is any tax avoidance from the United States. Funny thing that.

To find out why you need to look at who the International Consortium of investigative Journalists is and who finances them. It turns out the group was founded in 1997, they claim to take no public funds only donations. Their largest donors happen to be Soros, thru the The Open Society Foundation. Now needless to say Soros is not going to admit what each one of these people did to stop his march towards one world government headed by Soros and company, but we can speculate.

Tony Blair, supported the American action in Afghanistan. King Abdullanh met with and supported Israel. Vladimir Putin would rather not have a one world government telling him how to run Russia. Shakira no stranger to wokeness had the gall to disagree with the Conovirus imprisonment and demanded children be let outside into the sun and air. You can bet that each one of the targets of this dump had somehow displeased those supporting the great reset.

Each one of these thought they had found a beautiful tax haven not knowing it was she who gives all gifts and conversely she who is given all gifts. By selectively revealing that it is worthwhile to spend money to hide income from those who did not earn it is telling. Besides highlighting that taxes are too high for the services provided. Telling that not one American is mentioned. Telling that the “journalists” didn’t discover how politicians in government get rich on civil service salaries. Not one mention of the heads of NGO’s (non-governmental agencies) have found that the poor are very very good for them. How about a peek into how many of the 1.5 million tax exempt organizations in America are just a tax dodge.

We will wait with the patience of Job for the International Consortium of investigative Journalists to do some real investigating.

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Related Topics:Featured ICIJ Pandora papers taxes

Steven Hoffman

My name is Steve and I’m a news junkie. I’ve always believed the fourth estate’s job was to keep our leaders honest. It seems that job is now left to citizen journalists. I have entered the fray after a rich and varied career, not much of which was writing. I have delivered papers, worked for government, managed million dollar projects, been recruited by both sides of the isle to shill at rallies, canvassed for the opposition, and done some writing in my time. My goal is to both inform and entertain thru questioning the status quo.

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This Three Pronged Plan to Overthrow America is Nearly Complete

And there are just two things that will stop it…

Published

3 weeks ago

May 17, 2023

Chris Widener

Want to leave a lasting impact on the world around you? Want your life to really count? Click here!

The left has long worked to overthrow America and all that it stands for. They have been working at it since early in the 1900’s and it took up more speed in the late 60’s and early 70’s with the rise of the radical left. PolitiCrossing founder Chris Widener explains the three-pronged attack and how it is almost complete, as well as the only things we can do to save ourselves and this country we love.

Business

SAVE YOURSELF: Is This The Surefire Way to Protect Your Money in the Inevitable Financial Meltdown?

Decentralized finance (DeFi) has emerged as a revolutionary technology.

Published

4 weeks ago

May 9, 2023

Chris Widener

Don’t miss Rich Dad Poor Dad’s Robert Kiyosaki in this absolutely free webinar: The Coming Financial Tsunami. Learn how to protect yourself and your loved ones. Click here NOW to register!

CAN DECENTRALIZED FINANCE BE THE WAY TO SAVE YOURSELF AND YOUR FAMILY FROM MELTDOWNS AND TYRANNY?

Decentralized finance (DeFi) is built on the blockchain, which offers a wide range of financial services without the need for intermediaries such as banks or other financial institutions. DeFi has emerged as a popular alternative to traditional finance, offering a more open, transparent, and decentralized financial system. In this article, we will explore why DeFi can protect you from a coming financial meltdown and from tyrannical governments.

DeFi is built on the blockchain, which means that it is inherently decentralized. This means that there is no central authority controlling the system, and all transactions are verified and validated by a distributed network of nodes. This makes the system more resilient and less vulnerable to attack or manipulation. Unlike traditional financial systems, where central authorities have the power to manipulate the system, DeFi is designed to be transparent and immutable.

One of the main advantages of DeFi is that it offers greater financial freedom and control to users. DeFi allows users to access a wide range of financial services without the need for intermediaries. This means that users can transact directly with each other, without having to go through banks or other financial institutions. This gives users greater control over their finances and reduces the risks associated with centralized financial systems.

Another advantage of DeFi is that it is highly transparent. All transactions on the blockchain are public and can be verified by anyone. This means that there is no room for fraud or manipulation, as all transactions are visible to all participants in the network. This level of transparency is not possible in traditional financial systems, where transactions are often opaque and difficult to track.

DeFi also offers greater security to users. Transactions on the blockchain are secured using cryptography, making them virtually impossible to hack or manipulate. This means that users can trust the system, knowing that their funds are secure. Traditional financial systems, on the other hand, are often vulnerable to cyberattacks and fraud, which can result in significant financial losses.

Don’t miss Rich Dad Poor Dad’s Robert Kiyosaki in this absolutely free webinar: The Coming Financial Tsunami. Learn how to protect yourself and your loved ones. Click here NOW to register!

Furthermore, DeFi is designed to be more inclusive and accessible to everyone. Unlike traditional financial systems, which often have high barriers to entry, DeFi is open to anyone with an internet connection. This means that people who are unbanked or underbanked can access financial services that were previously unavailable to them. This inclusivity is important because it helps to reduce financial inequality and promotes greater financial inclusion.

Finally, DeFi is more resilient than traditional financial systems. DeFi is built on a decentralized network of nodes, which means that there is no single point of failure. This makes the system more resilient to attacks and more resistant to financial meltdowns. In traditional financial systems, a single point of failure can have catastrophic consequences, as we saw in the 2008 financial crisis.

DeFi is a new and exciting financial system that offers a wide range of benefits over traditional finance. It is transparent, secure, accessible, and resilient, making it an attractive option for people who are looking to protect themselves from a coming financial meltdown. While DeFi is still in its early stages, it has the potential to transform the world of finance, offering a more open, transparent, and decentralized financial system for everyone.

SEVEN BENEFITS OF DECENTRALIZED FINANCE

Decentralized finance (DeFi) has emerged as a revolutionary technology that enables individuals to conduct financial transactions without the need for intermediaries such as banks or financial institutions. DeFi uses blockchain technology, which provides a transparent and secure way of conducting financial transactions. In this article, we will discuss the benefits of decentralized finance, along with a brief overview of crypto and blockchain.

Overview of Crypto and Blockchain

Crypto refers to digital currencies that use cryptography to secure financial transactions and control the creation of new units. Bitcoin, which was created in 2009, is the most well-known cryptocurrency. It is based on blockchain technology, which is a decentralized ledger that records transactions in a transparent and secure manner. Blockchain technology provides a secure and tamper-proof way of recording transactions, making it ideal for use in financial transactions.

Benefits of Decentralized Finance

Lower Transaction Costs

Decentralized finance provides a cost-effective way of conducting financial transactions. Traditional financial systems are often plagued by high transaction costs, which are passed on to customers. DeFi eliminates the need for intermediaries, which means that transaction costs are significantly lower. This makes it easier for individuals to access financial services and reduces the barriers to entry for new players in the market.

Greater Accessibility

DeFi provides greater accessibility to financial services, particularly for individuals who are unbanked or underbanked. In many parts of the world, people do not have access to traditional banking services due to various factors such as lack of documentation, poor credit history, or living in remote areas. DeFi provides a way for these individuals to access financial services using only a smartphone and an internet connection. This has the potential to increase financial inclusion and reduce poverty.

Increased Transparency

One of the main benefits of blockchain technology is its transparency. Transactions recorded on the blockchain are publicly visible, making it easier to trace the flow of funds. This provides a level of transparency that is not possible with traditional financial systems. Decentralized finance leverages this transparency to provide greater accountability and reduce the risk of fraud. This makes DeFi a more secure and trustworthy way of conducting financial transactions.

Robert Kiyosaki on the Coming Financial Tsunami

More Control Over Personal Data

Traditional financial systems often require individuals to provide personal data such as name, address, and social security number. This data is stored by banks and financial institutions, making it vulnerable to hacks and breaches. DeFi provides individuals with more control over their personal data by using self-sovereign identity solutions. These solutions enable individuals to control their own data and share it only with the parties they trust.

Greater Flexibility

Decentralized finance provides greater flexibility in terms of financial products and services. Traditional financial systems are often rigid, with limited options for customers. DeFi provides a range of financial products and services, including loans, savings accounts, insurance, and investment products. This gives individuals greater flexibility to choose the financial products and services that meet their specific needs.

Faster Settlement Times

Blockchain technology enables faster settlement times for financial transactions. Traditional financial systems often require several intermediaries to process transactions, which can take several days. With DeFi, transactions are processed directly on the blockchain, which means that settlement times can be as fast as a few seconds. This provides greater convenience for customers and reduces the risk of errors and delays.

Reduced Counterparty Risk

Traditional financial systems often involve counterparty risk, which is the risk that one party will fail to fulfill its obligations in a financial transaction. DeFi eliminates counterparty risk by using smart contracts, which are self-executing contracts that automatically execute when certain conditions are met. This provides greater security and reduces the risk of fraud and default.

Conclusion

Decentralized finance is a revolutionary technology that has the potential to transform the financial industry. By eliminating intermediaries, increasing accessibility, increasing transparency, providing more control over personal data, offering greater flexibility, enabling faster settlement times, and reducing counterparty risk, DeFi provides numerous benefits that traditional financial systems cannot match. As DeFi continues to evolve, it has the potential to create a more equitable and inclusive financial system that benefits individuals and communities around the world.

The information provided in this article is for educational purposes only and should not be construed as financial or investment advice. Investing in decentralized finance (DeFi) and cryptocurrencies involves risk and may result in significant financial losses. Readers are advised to conduct their own research and seek the advice of a financial professional before investing in DeFi or cryptocurrencies. The author and publisher of this article are not responsible for any losses incurred as a result of investing in DeFi or cryptocurrencies.