Demonstrating China's creeping geopolitical dominance, on Monday night Panama’s President Juan Carlos Varela announced that Panama has established diplomatic ties with China while breaking relations with Taiwan in a major victory for Beijing, which continues to lure away the dwindling number of countries that have formal relations with the self-ruled island.
There has been much confusion, at time quite angry, how in the aftermath of the Soros-funded Panama Papers revelations few, if any, prominent U.S. name emerged as a result of the biggest offshore tax leak in history. Now, thanks to McClatchy more U.S. names are finally being revealed and it will probably come as little surprise that many of the newly revealed names have connection to both Bill and Hillary Clinton.
Submitted by Michael Krieger of LibertyBlitzkrieg
Blast From the Past – Hillary Clinton vs. Bernie Sanders on Panama
In his speech yesterday, following the Treasury's crack down on corporate tax inversions, Obama blamed "poorly designed" laws for allowing illicit money transfers worldwide. Since the speech came at a time when the entire world is still abuzz with the disclosure from the Panama Papers, Obama touched on that as well: "Tax avoidance is a big, global problem" he said on Tuesday, "a lot of it is legal, but that’s exactly the problem" because a lot of it is also illegal.
Preface 1: One of the reasons that voters like Sanders and Trump is because they oppose fake "free trade" deals, which help a handful of fatcats ... but have almost nothing to do with "free trade", and which hurt the American worker.
Preface 2: I'm for consistency ... either we ALL get to hide our money from taxing authorities, or none of us should be able to.
Barack Obama pushed the trade deal with Panama which allowed the tax evasion revealed by the "Panama Papers" to flourish. Huffington Post reported in 2011: