Here is a basic breakdown of how a money laundering operation works, this practice is famous the world over but the rest of the World is considered peanuts compared to how much our beloved Gulf countries run these types of operations day in and day out. So here is the break down:
Clients register “shell companies”, listed in the names of “nominees,” hire front men and then “layer” them into webs of holding companies, affiliates, and subsidiaries. The records are then divided among myriad jurisdictions. The purpose behind this is to move money in a way that muddies (burns) the paper trails. No single government can follow what a crooked company is doing (central banks and all other banking entities included). No one can investigate the series of fictitious transactions successfully. Offshore havens are used to hide and move money for drug and arms traffickers, dictators, terrorists, corrupt officials, financial fraudsters, tax evaders and other cheating crooks. Offshore havens exists because the World’s big banks want them to exist in order to make a boat load of money from those secretive branches.
We’re seeing this practice for example with the austerity measures being unjustly imposed on innocent citizens in the EU and the U.K and countless amounts of taxpayer wealth “missing”. They’re not missing they’re being siphoned off to offshore untraceable accounts by these psychotic banksters and their enforcement arm the government! All that bail out, haircut, deficit decreasing talk is exactly what it is, TALK with no sane effect but one which is to rob the innocent blind of their wealth behind non-sensical terms being blurted out by the mainstream media and financial rapists. Oh sorry I meant financial “gurus”.
Welcome to Orwellian double speak ladies and gentlemen.
AbdullahWAlMarzouqEconomicWarReport 