Earlier this week, the first major consequence from the leaked Panama Papers occurred when they revealed that Iceland’s Prime Minister was a client who had used the Mossack Fonseca law firm to create an offshore account which hid his assets from sovereign regulation. And as a result, protests from the Icelandic people forced the PM to resign from office.
The significance of this leak is that what Sigmundur David Gunnlaugsson did by offshoring his wealth was not illegal, but only perceived as such in a world where income inequality has helped divide the rich and poor, and obfuscate truth from reality.
Yet perhaps what is most relevant, and not widely mentioned by the mainstream media, is that the controlled disclosure of certain individuals tied to the Panama Papers may actually be an attempted attack on persons who have or are in opposition to the banking cabal, and the elites who are trying to create a global fascist construct. Case in point, Iceland had rebelled against the banks who had burdened the country with onerous debts, and even jailed several bankers for their criminal activities, with Sigmundur David Gunnlaugsson having been a key element in the nation’s rejection of ECB demands.
Fast forward to April 8.
The United Kingdom is in the process of debating whether to leave the Eurozone in what is referred to as the Brexit. And prior to his re-election late last year, Prime Minister David Cameron promised the British people that a referendum on exiting the coalition would be put to a public vote no later that 2017. And as current polling pushes the expected result into the pro Brexit camp, all of a sudden Prime Minister Cameron’s hold on power was shaken when the Panama Papers revealed that not himself, but his father, had commissioned Mossack Fonesca to create a Panamanian Trust to help offshore the family’s wealth years ago.
Cameron concluded that “it has not been a great week.” It got worse when a Sky News poll found that a majority of Britons – some 57% – trust Prime Minister David Cameron less now than they did before the scandal emerged. Cameron faced accusations of hypocrisy because of his previous tough talk on tax avoidance.
Meanwhile, since noon GMT time, protesters have been gathering in front of UK Prime Minister David Cameron’s 10 Downing Street residence in London to call for his resignation. The demonstration has been called as a consequence of Panama Papers leak, which involves Cameron’s family and earnings.
According to the organizers, the protest will end only after he resigns. – Zerohedge
There is nothing immoral or illegal in offshoring one’s wealth, unless it is to fraudulently avoid taxes or conspiring to use those assets for criminal activities such as money laundering or illicit narcotic sales. But ever since 2008, and the rise of organizations like Occupy Wall Street, the fine line between real and perception is extremely blurred, and can no longer be followed with logic in the minds of the have nots.
As Wikileaks implied the other day after the release of some (but not all) of the Panama Papers, the mainstream media and Soros funded consortium of journalists who brought forth the documents are hand picking the disclosure of some of the global leaders tied to Panamanian offshore activities, and leaving out others that may or may not be tied to the side of the banking cabal. And with protesters in nations around the world ready to strike and call for the resignations of anyone who might be linked to these documents, the establishment appears to be using the Papers as a means of both revenge and control over anyone who dares go against the status quo.
Kenneth Schortgen Jr is a writer for Secretsofthefed.com, Examiner.com,Roguemoney.net, and To the Death Media, and hosts the popular web blog, The Daily Economist. Ken can also be heard Wednesday afternoons giving an weekly economic report on the Angel Clark radio show.