Panama is Small Change
There is a conspiracy engaging in theft, counterfeiting, fraud, extortion, blackmail, bribery, influence peddling, drugs, terrorism, and war that makes the Panama Papers’ exposures look like a small-town police blotter account of juvenile shoplifting. This criminal enterprise launders trillions, not billions, of dollars; it involves major political, business, financial, academic, and media figures in the US and around the globe, and it has perpetrated its crimes far longer than Mossack Fonseca’s clients’ have hid their money and illicit activities.
The dark conspiracy is the US Government. It takes over $3 trillion a year in taxes. Anyone who refuses to pay is sent to jail. Stealing one dollar out of every six the US economy produces is insufficient for its purposes, so it borrows anywhere from $500 billion to over $1 trillion a year. Future interest payments and principle repayment add to the involuntary obligations imposed on the productive…and their children and grandchildren.
The law forces its populace to accept pieces of paper and computer entries—irredeemable for anything more valuable than identical pieces of paper and computer entries—as “legal tender.” The government creates said paper and entries at will. Their value, such as is, rests on compulsion and unenforceable promises by the government not to create too many of them. Such promises have invariably been broken, and a dollar has about 4 percent of the purchasing power it had in 1913 when the central bank was established. That 96 percent depreciation counts as more theft; the government is the primary beneficiary from currency depreciation.
Every conspiracy needs accomplices. With stolen and counterfeit funds, the government bribes millions. Their acquiescence makes them complicit: money for votes. Nothing is as nauseating as thieves demonstrating their “virtue” by using stolen funds to maintain themselves in power. Of course they keep a generous portion of what they steal; the Washington metropolitan area is the richest in the country.
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