Saving For a Very Rainy Day
The really wealthy, vexed by tax collectors, pesky relatives, ex-wives and just plain thieves, long ago learned the wisdom of hiding their money and property. This is twice true for politicians.
An investigation by an international consortium of journalists just examined a massive leak of 11.9 million records of offshore financial firms that have been evading taxes and financial disclosure for their many clients. The result of what is known as The Pandora Papers has been a cascade of scandals.
This column has long maintained that the US has been deeply involved in massive international corruption. Chief tawdry examples are the largest recipients of US ‘aid,’ Israel, Afghanistan and Jordan. Washington spent over two trillion dollars on the now lost, 20-year Afghan conflict.
All that money has vanished. Among the largest recipients was the Afghan Communist Party and the drug mafias that made US-run Afghanistan the world’s largest producer of illegal heroin and morphine.
The third recipient of US largess, Jordan, has gotten $22 billion from the US since the 1950’s. Last year it received $1 billion alone from Washington, m
Article from LewRockwell