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Thread: Money: follow it, hide it and Panama leaks

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  1. #12
    Council Member Firn's Avatar
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    Some thoughts about the saga:

    1) Much of it was already common knowledge however the sheer size of capital involved still surprises. Quantity has indeed a quality all of it's own.

    2) The global nature of the various practices, with the financial maze running truly through the whole world.

    3) The variety of entities linked to offshore accounts, with wealthy and companies of all backgrounds using them.

    4) So many different goals pursued with so similar means of the financial maze.

    Hiding money incurs additional costs which are expected to get offset in the specific calculations. Obviously illgotten money, money put to ill use or money shielded from taxation will tolerate those costs much more readily then money just wanting privacy. Not surprisingly dirty money loves a clean justice system as long it is suitably legally set up.
    Last edited by Firn; 04-08-2016 at 11:05 AM.
    ... "We need officers capable of following systematically the path of logical argument to its conclusion, with disciplined intellect, strong in character and nerve to execute what the intellect dictates"

    General Ludwig Beck (1880-1944);
    Speech at the Kriegsakademie, 1935

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