Monday, April 4, 2016

Monster Found In Panama....

Just like the optical illusion that appears in the above photograph, the so-called 'Panama Papers' are nothing more but another feeble attempt to distort reality. Bringing with it a lot of attention to something that everyone in corporate finance knows already, and most people with a brain cell have already figured out year's ago!

There is no 'big secret'. There is no surprise in today's news about a Panamanian law firm leak of thousands of confidential papers about the off-shore dealings of the elite. The world's financial markets run on 'offshore'. The world runs on 'offshore'.

  1. launder
    1. 1.
      wash and iron (clothes or linen).
      "he wasn't used to laundering his own bed linen"
      synonyms:washclean, wash and iron, wash and press, dry-clean
      "the used sheets are taken away to be laundered"
    2. 2.
      conceal the origins of (money obtained illegally), typically by transfers involving foreign banks or legitimate businesses.
      "$123,000 had been laundered through Geneva bank accounts"

The question is why Panama? ... Why now?

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