I’ll note that the USA holds the rest of the world to a higher standard than it holds itself allowing the USA and Panama for similar reasons but to a lesser extent to become the tax and money laundering shelters du jour in the last several years. As exemplified by the loophole in the Patriot Act and the waiver lobbied for and received by the NAR or National Association of Realtors when it came to verifying the legitimacy of client funds used in real estate transactions encouraging money laundering on a grand scale. Additionally while the US makes a big fuss and demands foreign countries supply financial data on its citizens abroad particularly since 2010 the US and Panama are notable exceptions to the heightened surveillance and in fact the US does little to track foreign assets domestically, regularly allowing the banksters to launder money repeatedly for known terrorist and other criminal organizations, and this is just the tip of the iceberg. Once again it’s shown that there are two sets of rules one for the 1% and one for everyone else as the corporations and elites usurp our democracy at our expense in the name of their greed.
This is Caleb Lawrence Registered Investment Adviser Inc. Scotts Valley Drive and Willis Road in the Scotts Valley Plaza, Suite 202 or call me toll free at 888-RICH PIG / 888-742-4744.
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