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September 17 – The Offshore Financial System with Lucy Komisar
September 24 – The Dollar, Gold & the S&P 500 with Rambus
October 1 – What You Need to Know Now
“Nowadays, people will go anywhere to avoid paying tax. A quick visit to Lichtenstein, Monaco, maybe Jersey; empty the vaults of private wealth, and you could write off the world’s debt. In a day, in an hour, in a minute. Three-quarters of the world’s cash is hidden away in places exactly like this.”
~ CIA agent in Turks & Caicos, Part II of The Worricker Trilogy
By Catherine Austin Fitts
This week on the Solari Report I am joined by investigative journalist Lucy Komisar, publisher of The Komisar Scoop.
I asked Lucy the following question, which really gets to the heart of the matter:
“If you step back and look at both the offshore system and the dark pools – which would be ways of exchanging and settling securities which are now non-transparent – and then you look at derivatives, is it fair to say that we’re watching larger and larger percentages of the financial system go dark?”
Lucy Komisar responds:
“That’s right and when things are done secretly, you don’t know who the trader is. A lot of it is dirty money and supposedly one of the reasons why Robert Rubin didn’t want to go after the offshore system was that there was a feeling that drug money was fueling the American economy. One didn’t want to make it more difficult for drug traffickers to move their money into the American economy. Without having definitive proof, this is certainly something I have heard: that dirty money fuels the Western economies.”
The offshore system integrates many of the issues we discuss on the Solari Report – because breakaway civilizations and secret space programs, as well as all manner of covert operations, depend on secret financial systems. Whether you use offshore financial systems or not, they are a key part of the centralization of governance. I want to make sure that you understand them.
In Let’s Go to the Movies I will discuss The International, a thriller depicting important aspects of our discussion.
Please join us on the Solari Report this week! If you’re not a subscriber yet, you can learn more about becoming on here.
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This interview made my blood boil. Komisar may have a handle on the money flows etc, but to equate everyone who puts money in an offshore bank with psychopathic pols who loot their countries is just ridiculous. She has no sense of the fear and pressure many of us live under in this lawless regime, or any lawless regime. Mark Nestmann wrote an excellent article today about asset forfeiture, one of the many reasons someone would look to move money off shore:
http://www.nestmann.com/the-police-stole-his-house-over-40
She apparently has no conception of the importance of privacy. I was appalled at her astounding ignorance.
First of all, there is a huge moral difference between following strategies to protect what you own from our litigious neighbors and from money grabbing bureaucrats interested only in protecting their pensions, and stealing and hiding ill-gotten gains.
Second, taxation is theft. No one has a moral obligation to pay a penny in tax, although one clearly has to understand the practicalities. All western countries are vastly over taxed. That creates the incentive to avoid and evade taxes. The draconian laws passed over the past 40 years are not aimed at the true criminals–politicians, dictators, corp execs who commit accounting fraud, etc–but are aimed at everyone below the 1%, guilty of a crime or not.
How ironic that this woman’s name is Komisar. She is truly a Marxist ideologue. Her idiotic call to stamp out the last vestiges of financial privacy will not stop lawless politicians raping their countries, but plays directly into the hands of Mr. Global and his goal for worldwide taxation. ugh.
Catherine:
You make good points. What happens when you spend many years researching the outrages in the off shore system is you sometimes forget the many legitimate uses. Important to see both sides.
Catherine