Banks

60 secrecy jurisdictions

Where are the world’s secrecy jurisdictions? – Richard Murphy FCA

“The Mapping the Faultlines project is based on the contention that the mechanisms that allow illicit financial flows to occur result from the synergistic relationship between the world’s secrecy jurisdictions and the secrecy providers (bankers, lawyers and accountants) whose work is based there.”

An excerpt and a full list is available for download here.

The Ig Nobel awards

ECONOMICS PRIZE: The directors, executives, and auditors of four Icelandic banks — Kaupthing Bank, Landsbanki, Glitnir Bank, and Central Bank of Iceland — for demonstrating that tiny banks can be rapidly transformed into huge banks, and vice versa — and for demonstrating that similar things can be done to an entire national economy.

Ig Nobel

US Banker’s Magazine, Aug. 25, 1924. (attributed)

“Capital must protect itself in every possible manner by combination and legislation. Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible.

When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world. By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance.

Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished.”

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