Author: FUTURE PRIMATE

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Exhaustive Study Finds Global Elite Hiding Up to $32 Trillion in Offshore Accounts

 A new report reveals how wealthy individuals and their families have between $21 and $32 trillion of hidden financial assets around the world in what are known as offshore accounts or tax havens. The actual sums could be higher because the study only deals with financial wealth deposited in bank and investment accounts, and not other assets such as property and yachts. The inquiry was commissioned by the Tax Justice Network and is being touted as the most comprehensive report ever on the "offshore economy." It also finds that private banks are deeply involved in running offshore havens, with UBS, Credit Suisse and Goldman Sachs handling the most assets. We're joined by the report's author, James Henry, a lawyer and former chief economist at McKinsey and Company.

To see more Democracy Now! reports about tax havens, visit http://www.democracynow.org/topics/tax_havens

Exhaustive Study Finds Global Elite Hiding Up to $32 Trillion in Offshore Accounts

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US Treasury will offer floating-rate securities

The Treasury Department said Wednesday that it will offer investors Treasury securities with variable interest rates, similar to those on some home mortgages.

Officials said actual sale of the new type of securities is at a least a year away because of the time needed to modify government computer systems to handle the floating-rate securities.

Treasury said it will continue to study a second unconventional way to sell government debt that would offer negative yields. Investors would, in effect, pay the government for the privilege of socking their money in ultra-safe Treasurys. No decision has been made yet on whether to proceed with negative-yield securities.

US Treasury will offer floating-rate securities

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Audit the Fed Moves Forward!

Last week the House of Representatives overwhelmingly passed my legislation calling for a full and effective audit of the Federal Reserve.  Well over 300 of my Congressional colleagues supported the bill, each casting a landmark vote that marks the culmination of decades of work.  We have taken a big step toward bringing transparency to the most destructive financial institution in the world.

But in many ways our work is only beginning.  Despite the Senate Majority Leader’s past support for similar legislation, no vote has been scheduled on my bill this year in the Senate.  And only 29 Senators have cosponsored Senator Rand Paul’s version of my bill in the other body.  If your Senator is not listed at the link above, please contact them and ask for their support.  We need to push Senate leadership to hold a vote this year.

Audit the Fed Moves Forward!

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Whistleblowing giant admits trolling NY Times

The top whistleblowing website, WikiLeaks, has admitted to penning the recent fake opinion piece attributed to the New York Times. In the article a prominent NYT columnist allegedly defends WikiLeaks and denounces a financial blockade of the press.

“Yes. We admit it. WikiLeaks (Assange & co) and our great supporters where [sic] behind the successful NYTimes banking blockade hoax,” a tweet from a WikiLeaks account read.

On Sunday, an op-ed article signed by NY Times active contributor Bill Keller began to circulate on the Web. The writing style closely resembled that of Keller and the interface of the web page looked like an opinion page of the NY Times. The publication also referenced a number of actual articles by Keller with hyperlinks.

Whistleblowing giant admits trolling NY Times

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RIAA Report: SOPA/PIPA “Ineffective Tool” Against Music Piracy

Contrary to the endless lobbying and subsequent defending of the now-dead SOPA and PIPA frameworks, a leaked report shows that earlier this year the RIAA’s Deputy General Counsel admitted that the legislation was “not likely to have been effective tool” for dealing with music piracy. All efforts are now being put behind the “six strikes” plan – but could disconnections for repeat infringers still be on the agenda?

RIAA Report: SOPA/PIPA “Ineffective Tool” Against Music Piracy

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The Reality Of Me

The TROM documentary is trying to present, in a simplistic way, the world in which we, human beings, live. The world discovered so far, not some idea or personal choice. Moreover we tried to present alternative solutions to current problems and took into account the future, which promises to be more than interesting. An informative documentary, perhaps shocking and disturbing to many, depending on how you digest the information.

The documentary is divided into chapters and sub-chapters due to documentary's excessive length (13 hours). Also all the parts are connected.

The Reality Of Me

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'Capitalism to be replaced with Socialism 2.0'

The future of humanity depends on whether “too big to fail” sectors of the economy are taken under public control, creating a step-up socialist model, believes Peter Mertens, Belgian politician and author, the head of the Workers’ Party of Belgium.

The root of the ongoing crisis is overcapacity in the production, Mertens believes. He says the policy of creating artificial consumption was a stopgap measure and it has failed.

Europe is at a crossing point, Mertens told RT. The choices are, keep the euro at the expense of renouncing national sovereignties to live in an authoritarian German-led Eurozone, or split up into several conglomerates. Yet there is a third way, when strong mass movements find political translation to go for something like a socialist Europe with public banking and energy systems and true democracy.

‘Capitalism to be replaced with Socialism 2.0’

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