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Thursday, January 28, 2016

The war on cash



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Corbett Reporteers will be no stranger to the war on cash. I’ve made videos discussing it, conducted interviews about it, written articles examining it and dissected it on the radio.
The war has been waged through mainstream propaganda outletsTV advertisements and even children’s games.
We’ve heard cash is dirtied by drug dealingtarnished by terrorismtainted by tax evasion(heaven forbid!) and just plain dirty. Not to mention sooooo outdated.
Just this week Norway has jumped aboard the cashless society agenda with DNB, the country’s largest bank, calling for a total end to cash. The story only sounds shocking because people haven’t heard the similar stories from Sweden or Denmark or India or Israel or any of the dozens of other countries whose banksters and (bankster-controlled) governments have openly lusted after a world of completely trackable, completely bank-controlled transactions.
But all of these stories, reported piecemeal here and there over the years, doesn’t give the full story about how this “war on cash” is being waged on every continent and in every country by the same banksters that stand to benefit from a cashless world. Let’s fix that by compiling a list of examples from around the world of how cash payments are being regulated, restricted and phased out. The list below will be updated as new stories come in.
If you have a link to relevant news from your own country or know of such news from another country, please let us know. Corbett Report members are invited to contribute to the list by logging in and leaving links to the relevant info in the comments below.

The Cashless Society List

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CANADA – In 2007 the Canadian government stopped allowing payment of taxes in cash at government service centers. In 2010 Passport Canada followed suit. In 2011 56% of Canadians polled said they were happy to live in a bankster-controlled cashless society so the country killed the penny in 2012 and the Royal Canadian Mint started pimping the “MintChip” as a new form of electronic payment that will be “better than cash.” The Mint ended the program in 2014 but the Great White North is still on track to be a cashless society in the coming years.
DENMARK – In the 1990s about 80% of Danish retail purchases were made with cash, but these days it’s more like 25%. But if the Danish government has its way, that number will be 0% by 2030. That’s the year the Danish government has set for the complete elimination of paper money in Denmark.
FRANCE – In the wake of the Charlie Hebdo attacks last year, the French government stepped up its war on cash. In March of last year, French Finance Minister Michel Sapin declared it necessary to “fight against the use of cash and anonymity in the French economy” in order to combat “low-cost terrorism.” As of September 2015 it is illegal for French citizens to make purchases exceeding 1000 euros in cash.
INDIA – India is one of the most cash-dependent economies in the world with a cash-to-GDP ratio of 12% almost four times that of fellow BRICS nations Brazil and South Africa).  But it won’t be for long if the Indian government has its way. Last June the Indian Ministry of Finance posted a draft proposal to its website for facilitating the rise of cashless payments in the country. In his 2015 budget speech the Finance Minister declared: “One way to curb the flow of black money is to discourage transactions in cash. Now that a majority of Indians has or can have, a RUPAY debit card. I therefore, proposes to introduce soon several measure that will incentivize credit or debit card transactions and disincentivize cash transaction.”
ISRAEL – In 2014 a special committee headed by Israeli Prime Minister Benjamin Netanyahu’s Chief of Staff Harel Locker released a report examining how to reduce the use of cash in the country. The report advocates reforms (including restrictions and limits on cash transactions) as part of a strategy whose aim is “reduced use of cash, reduced use of endorsed checks, and increased use of electronic means of payment.”
NORWAY – Late last week Trond Bentestuen, a senior executive at Norway’s largest bank, complained to the VG Newspaper that the Norwegian central bank “can only account for 40 percent” of the Norwegian kroner in circulation, meaning “that 60 percent of money usage is outside of any control.” There’s only one conclusion, according to Bentestuen: “There are so many dangers and disadvantages associated with cash, we have concluded that it should be phased out.” Don’t worry, though, the nation’s Finance Ministry says it has “no plans to change the law in this area”…for now.
SWEDEN – Last year Stockholm’s KTH Royal Institute of Technology released a report stating that the country is on track to completely eliminating cash transactions in the foreseeable future. Noting that there are now only 80 billion Swedish crowns in circulation in the economy (down from 106 just six years ago), the report highlights how digital person-to-person payment technology “Swish” (developed in collaboration with Danish banks) is already transforming the country’s banking sector, where there are now entire banks that do not accept cash.
Credit to Activist Post

Robots will obliterate America's middle class

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In the next generation or so, highly capable robots will obliterate America's middle class by displacing tens of millions of workers.

We're already seeing it take shape. Check out this robotic crop production facility that uses robots to produce 30,000 heads of fresh lettuce each day. This is precisely the kind of technology that makes humans obsolete.

As robotic systems become more capable in the coming years, nearly all low-wage labor jobs will be taken over by affordable, reliable robotics systems. Even in a well educated society, employers grow weary of the behavioral traits of human workers (showing up stoned or drunk, stealing from the workplace, harassing other employees, etc.). But now it's even worse: Thanks to Common Core and the mind-numbing watering down of the entire U.S. public education system, many U.S. employee candidates are too stupid to handle any job that requires real thinking.

That means they're only good for labor jobs, and labor jobs are about to become obsolete. Before long, we're going to see a massive wave of human workers being displaced by capable robots. As this unfolds, the unemployment masses will eventually rise up against what they see as "injustice," and the controllers of society will unleash police robots armed with weapons to suppress the uprisings.

It won't be long before America is turned into a technocratic elite-run police state enforced by militarized robot police whose job is to crush dissent (and maybe even turn humans into soylent green). (Where are all the spare meat grinders when you really need 'em?)

Credit to Natural News
http://www.naturalnews.com/052787_robot_workers_massive_unemployment_populist_revolt.html#ixzz3yYtkJ05E

FEMA Camps Are Open, Guillotines Are In Place, ISIS Executioners Await Your Arrival

Are We Next?Ammon Bundy and his closest supporters are in jail. Lavoy Finicum has been executed by the FBI.  Ranchers, everywhere, are taking note. The ranchers now know that this administration wants them off their land at all costs. This administration cannot let any significant opposition develop.  A false flag crisis needs to be perpetuated. Dissidents need to be dealt with.
The economy is ready to implode. People will riot over food, medicine, etc. As a result, FEMA camp preparations are ready. Plenty of cheap labor FEMA camp workers have been imported into the country .Tthe guillotines are in place. Connect the dots. What is coming?
Paul Martin told me, yesterday, that martial law is locked and cocked. Anyone who can leave is leaving. Foreign assets will be used to enforce martial law. Repeatedly, Paul’s best source said it is time to get out now, because September will be too late.
I have also been getting much of the same from my sources.

Ted Gunderson

When retired FBI agent, the now deceased Ted Gunderson, reportedly told a gathering of militia members that the federal government had set up 1,000 internment camps across the country, I had no trouble believing hisfema coffins sherrie 1statement because there is ample documentation to support his statement (e.g.REX 84Operation Garden Plot and now the NDAA). However, when Gunderson reported that the federal government was storing over 500,000 caskets outside of Atlanta, I also knew he was accurate on this point becauseSherrie Wilcox found the evidence in the adjacent photo. However, when I heard that Gunderson was accusing the government of storing 30,000 guillotines, I thought he had lost his mind.

Why Would the Government Want to Store Guillotines?

Gunderson told various patriot groups that the guillotines were being stored for the day that the government declares martial law and moves in to round up and execute American dissenters. Gunderson prophetically told patriot groups that the federal government was going to keep track of all of us. The last statement has indeed proven accurate given the recent Snowden/NSA scandal.
Can somebody please explain to me why the government would need to order 30,000 guillotines? For what legitimate purpose could these tools of execution be utilized?
The guillotine has never been used inside of the United States. The United States has executed people by firing squad, hanging, the electric chair and lethal injection. The US has never executed a convicted criminal through the use of the guillotine.
Given these facts, then why is this government importing 30,000 guillotines as Gunderson claimed? Oh, I know that some of the sheep are now looking up from the ground and have just said “there aren’t are any guillotines in the United States.” Then please tell me, sheep of America, why did Representative Doug Teper, of the Georgia Legislative Assembly (Democrat) introduced a bill which will supplant the method of execution, the electric chair, with the guillotine back in 1995-6? The referenced bill was Georgia State House Bill (1995-6) HB 1274– Death penalty; guillotine provisions. Certainly, Teper would have never thought that this was possible is there were not already guillotines inside of the United States.

An Efficient Killing Machine

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Has anyone bothered to do the math? A single guillotine reportedly can chop off the heads of about 100 people per hour. In one hour, the federal government has the capacity to execute as many as three million people. In one ten hour day, 30 million people could be executed by way of the guillotine.

Other Alphabet Soup Agents Speak Out

Annie DeRiso and Bill Pawelec

Ted Gunderson is not the only former alphabet soup agent to tell all about guillotines. The late Bill Pawelec, ex-CIA, was a close friend of mine and eventually became the significant other of the News Director forThe Common Sense Show, Annie DeRiso. Pawelec told both Annie and I on several occasions that guillotines were being stored on several military bases. The late A.C. Griffith, ex-NSA, said the same on more than one occasion on my talk show. In light of these confirmations from known and from public sources, as well as the proposed legislation of Rep. Teper to introduce the use of guillotines on American soil, I believe that there is no question that the story is true.
I get understandably nervous, at the prospect of guillotines on American soil, as I watch the endless series of beheadings of Christians in the Middle East by the radical ISIS. The following represents a small sample size of what is happening to Christians and their subsequent mass beheadings at the hands of ISIS.
Is the political climate ripe for this to occur inside the United States? President Barack Hussein Obama was criticized by human rights activists for not addressing the plight of Christians and other minorities during his talks with leaders in Saudi Arabia, where Christianity is banned. Further, the Bible speaks to the use of beheadings as a religious tool of subjugation. Complicity by silence is how I would characterize this President’s view of these events.

Where Is All of This Headed? Revelation 20:4

As you read the following two paragraphs, there is a collision between two cultures and two religions which is already underway and religious dogma is serving to perpetuate and exacerbate the conflict.
4 “Then I saw thrones, and they sat on them, and judgment was given to them. And I saw the souls of those who had been beheaded because of their testimony of Jesus and because of the word of God, and those who had not worshiped the beast or his image, and had not received the mark on their forehead and on their hand; and they came to life and reigned with Christ for a thousand years”.
And who will behead these Christians? Take a look at Sura (chapter) 47 contains the ayah (verse): “When you encounter the unbelievers …. [26] He and his followers beheaded opponents, Christian and Muslim alike…”  Sura 8 [al-Anfal]:12 states “I will cast dread into the hearts of the … caliphs beheaded tens of thousands of Christians (admittedly many of them …  This is the justification for ISIS to be performing these heinous acts against Christians. 
It is clear that both Christianity and Islam foretells a time when non-believing infidels (i.e. Christians) will be beheaded by radical Muslim extremists (i.e. ISIS). It is also clear that this prophecy is being fulfilled in our time.
Will these acts be carried out on American soil and against American Christians and Jews? The following does not specifically speak to the intended persecution of Christian and Jews, but the playing field to do such a thing has clearly been established. Every American should be outraged by the following references to FM 39.40 which provides the means to carry out such heinous acts:

Pastor Walt Mansfield’s “Insider” Revelations

More proof that Christianity is being systematically destroyed comes to us in the form of the National Emergency Centers Act or HR 645 which mandates the establishment of “national emergency centers” to be located on military installations for the purpose of to providing “temporary housing, medical, and humanitarian assistance to individuals and families dislocated due to an emergency or major disaster,” according to the bill.
The legislation also states that the camps will be used to “provide centralized locations to improve the coordination of preparedness, response, and recovery efforts of government, private, and not-for-profit entities and faith-based organizations”.
The bill also provides that the camps can be used to “meet other appropriate needs”, as determined by the Secretary of Homeland Security. This a carte blanche mandate that many fear could mean the forced detention of American citizens in the event of widespread rioting following a national emergency or a total economic collapse. Hence, we now have the Clergy Response Team run under the auspices of DHS.
On December 9, 2014, I conducted an exclusive phone interview with Pastor Mansfield who was recruited to become a member of the Clergy Response Team which would operate under the control of NOVAD and DHS. Mansfield’s revelations about his experiences are stunning and concerning at the same time.
Pastor Mansfield attended several briefings and he could barely believe his ears. He learned of the government’s plan to enact martial law as well as to implement forced population relocations. Mansfield emphasized that when martial law is enacted, the enforcement would be immediate. In other words, family members will be separated from each other and part of the training that the clergy received was how to comfort separated family members.
Pastor Mansfield emphasized that the FEMA/DHS drills were predicated on bioterrorism. The pastors were trained to go to homes were people refused to be relocated by the authorities and  their immediate job was to convince the reluctant to willingly go to the relocation camps. Ostensibly, this was to be done in lieu of sending in the SWAT teams.
I asked Mansfield if FEMA camps were real and he stated that much of the clergy training focused around this scenario of pastors operating within the forced relocation centers. The main goal of a pastor assigned to a FEMA was to bring order and encourage compliance with DHS requests, hence, the emphasis on Romans 13.
The pastors were forced to sign non-disclosure. Interesting, the pastors were told not to quote Christian Scripture. The DHS document which was prepared for the pastors clearly stated that Scripture had been used to “oppress” people in the past and the presenters strongly discouraged the its use. Please see the following excerpt from one of the DHS training manuals:

Healing Scripture and Prayer In the Pastoral Crisis Intervention

“During a time of crisis people do go through a  “crisis of faith.”
Sometime quick mention of God and scripture may not be helpful. As we all know the Scripture has been used to oppress, dominate and at the same time used for healing and reconciliation- renewing of relationship with God and people. If the pastor senses it is appropriate to use the scripture and prayer, it must carefully be done for healing of victims not to uphold pastoral authority.” (Page 14)  
In other words, all legitimate pastoral authority was abrogated by the pastors who participated in the roundup of American citizens.

Also on page 14 of the same training document, pastors were admonished to avoid“Unhealthy God talk….” Specifically pastors are ordered to avoid using references to God when helping people cope with the loss of a loved one:
        “4. God must have needed him/her more than you.”
        “5. God never gives more than we can handle.

Pastor Mansfield also revealed that pastors will be issued badges under the Clergy Response Team program. Any pastor not displaying the badge, indicating that they have been trained under these guidelines, will not be permitted into the established and designated “DHS safety zones”. This reminds me of the banishment of religious figures from Plymouth Colony who, in good conscience, refused to go along with some of the extremism of that day. Along these lines, the Clergy Response Team is also a “Kool-Aid drinking program”. Pastors are absolutely forbidden to publicly to speak about any aspect of the program. If you were to ask your pastor if they are a FEMA trained pastor, they will not likely tell you.
Disturbingly, Pastor Mansfield reiterated several times that the number one job of these pastors is to calm down people and encourage their compliance within the people’s new surroundings.
Pastor Mansfield also stated that pastors will be utilized as informants. This violates the legal privilege of confidentiality between pastor and church-goer, that is currently recognized by law. All church-goers can no longer trust the sanctity of personal confessions and revelations made to pastors, priests or rabbis’. This one illegal act by DHS completely undermines the Christian Church in America!

 THIS IS THE ERADICATION OF CHRISTIANITY IN A DETENTION ENVIRONMENT AND IS THE PRECURSOR TO EXTREME METHODS OF PERSECUTION!

Pastor Mansfield felt strongly this was the government’s way of removing Jesus from America’s landscape and set the stage for the ushering in of a new-age religion.
It is mindboggling to fathom how so many reporters and media types deny the existence of FEMA camps under these circumstances. It is also disturbing that any pastor would agree to participate in a program in which Jesus and the Bible end up on the cutting room floor.

Summary

We have precedent for the beheading of Christians by radical Muslim forces, we have religious doctrine calling for the beheading of non-Islamic believers, we now have the “camps” where these acts could be perpetrated against American Christians and we have pastors hired to calm the people but they cannot mention Jesus or the Bible. We should all be connecting the dots. 
People should be able to practice their religion without infringing on the rights of nonbelievers. However, when one doctrine demands beheadings for nonbelievers, then we have  a problem. And when the United Nations is mandating that the U.S. must accept 70,000 Muslim immigrants, maybe we should all be paying closer attention.

Conclusion

I received this email from a nurse on January 26, 2016.

Hi Dave,
I couldnt believe it- but I verified with our hospital billing department that the billing code for death by guillotine is ICD9-E978…
 The code would be used for jails billing the Feds for serviced rendered…

Sometimes, conclusions simply write themselves. And of course, we can accurately say that there will be shortage of workers for this endeavor given the Refugee/Resettlement Program.
As Steve Quayle recently said on The Common Sense Show, we are no longer writing about what is coming, what is coming is already here.
Credit to Common Sense

How The Rothschilds Made America Into Their Private Tax Fraud Backyard



Back in September 2012 we first presented "the world's biggest hedge fund nobody had ever heard of": a small, previously unknown company called Braeburn Capital which, however, managed more cash than even Ray Dalio's Bridgewater, the world's largest hedge fund. 
How had the little firm operating out of a non-descript office building in Nevada achieved this claim to fame? By managing the cash hoard (now well over $200 billion) of the world's biggest and most valuable company: Apple.
But what was perhaps more notable is where Braeburn was physically located: Reno, Nevada. 
We explained the company's choice for location with one simple word: "taxes", or rather the full, and very much legal, avoidance thereof.
Three and a half years later we encounter this quiet Nevada town once again, and once again it is Reno's aura of tax evasion that brings is to the world's attention courtesy of a Bloomberg report discussing "The World’s Favorite New Tax Haven."
Only instead of Apple this time, the focus falls on a far more notorious company: the Rotschilds.
As Bloomberg writes, "last September, at a law firm overlooking San Francisco Bay, Andrew Penney, a managing director at Rothschild & Co., gave a talk on how the world’s wealthy elite can avoid paying taxes.  His message was clear: You can help your clients move their fortunes to the United States, free of taxes and hidden from their governments. Some are calling it the new Switzerland."
Ah, the rich irony: years after Obama single-handedly destroyed the secrecy-based Swiss banking model, the U.S. itself has taken over the role of the world's biggest, if no longer very secret, tax haven, and the epicenter is this modest Nevada city located next to lake Tahoe, which has become the favorite city, if only for tax purposes, for such names as Apple and the Rothschild family.
The Swiss are not amused:
After years of lambasting other countries for helping rich Americans hide their money offshore, the U.S. is emerging as a leading tax and secrecy haven for rich foreigners. By resisting new global disclosure standards, the U.S. is creating a hot new market, becoming the go-to place to stash foreign wealth. Everyone from London lawyers to Swiss trust companies is getting in on the act, helping the world’s rich move accounts from places like the Bahamas and the British Virgin Islands to Nevada, Wyoming, and South Dakota. 

How ironic—no, how perverse—that the USA, which has been so sanctimonious in its condemnation of Swiss banks, has become the banking secrecy jurisdiction du jour,” wrote Peter A. Cotorceanu, a lawyer at Anaford AG, a Zurich law firm, in a recent legal journal. “That ‘giant sucking sound’ you hear? It is the sound of money rushing to the USA.”
It will probably come as no surprise, that the firm at the center of it all is the (in)famous financial institution: Rotschild & Company.
Rothschild, the centuries-old European financial institution, has opened a trust company in Reno, Nev., a few blocks from the Harrah’s and Eldorado casinos. It is now moving the fortunes of wealthy foreign clients out of offshore havens such as Bermuda, subject to the new international disclosure requirements, and into Rothschild-run trusts in Nevada, which are exempt.

The firm says its Reno operation caters to international families attracted to the stability of the U.S. and that customers must prove they comply with their home countries’ tax laws. Its trusts, moreover, have “not been set up with a view to exploiting that the U.S. has not signed up” for international reporting standards, said Rothschild spokeswoman Emma Rees.
And where the Rothschilds are to be found, everyone else quickly arrives: "Geneva-based Cisa Trust Co. SA, which advises wealthy Latin Americans, is applying to open in Pierre, S.D., to “serve the needs of our foreign clients,” said John J. Ryan Jr., Cisa’s president."
Trident Trust Co., one of the world’s biggest providers of offshore trusts, moved dozens of accounts out of Switzerland, Grand Cayman, and other locales and into Sioux Falls, S.D., in December, ahead of a Jan. 1 disclosure deadline. 

“Cayman was slammed in December, closing things that people were withdrawing,” said Alice Rokahr, the president of Trident in South Dakota, one of several states promoting low taxes and confidentiality in their trust laws. “I was surprised at how many were coming across that were formerly Swiss bank accounts, but they want out of Switzerland.”
Next comes the need to legitimize US hypocrisy and to justify how America, in demanding everyone else opens their books, is ignored when not only does it keep its own books closed but is openly welcoming all those millionaires and billionaires whose offshore accounts were closed as a result of US intervention!
Rokahr and other advisers said there is a legitimate need for secrecy. Confidential accounts that hide wealth, whether in the U.S., Switzerland, or elsewhere, protect against kidnappings or extortion in their owners’ home countries. The rich also often feel safer parking their money in the U.S. rather than some other location perceived as less-sure. 

“I do not hear anybody saying, ‘I want to avoid taxes,’ ” Rokahr said. “These are people who are legitimately concerned with their own health and welfare.”
Picture that: nobody wants to admit they are intent on evading taxes to their financial advisor. How quaint.  But the greatest thing about US-based tax evasion is that it is taking place right under the nose of the world's allegedly biggest tax-fraud chaser. It also happens to be perfectly legal. 
There’s nothing illegal about banks luring foreigners to put money in the U.S. with promises of confidentiality as long as they are not intentionally helping to evade taxes abroad. Still, the U.S. is one of the few places left where advisers are actively promoting accounts that will remain secret from overseas authorities.
Put all that together, and one company has realized there are billions in "fees" to be made by taking advantage of what is now officially the biggest hypocrite in the world: the United States of America. And adding insult to irony is that the "not easy to find" Rothschild Reno office is located just 6 floors away from the U.S. attorney's office!
Rothschild’s Reno office is at the forefront of that effort. “The Biggest Little City in the World” is not an obvious choice for a global center of capital flight. If you were going to shoot a film set in Las Vegas circa 1971, you would film it in Reno. Its casino hotels tower above the bail bondsmen across the street, available 24/7, as well as pawnshops stocked with an array of firearms. The pink neon lights at casinos like Harrah’s and the Eldorado still burn bright. But these days, their floors are often empty, with travelers preferring to gamble in Las Vegas, an hour’s flight away.

The offices of Rothschild Trust North America LLC aren’t easy to find. They’re on the 12th floor of Porsche’s former North American headquarters building, a few blocks from the casinos. (The U.S. attorney’s office is on the sixth floor.) Yet the lobby directory does not list Rothschild. Instead, visitors must go to the 10th floor, the offices of McDonald Carano Wilson LLP, a politically connected law firm. Several former high-ranking Nevada state officials work there, as well as the owner of some of Reno’s biggest casinos and numerous registered lobbyists. One of the firm’s tax lobbyists is Robert Armstrong, viewed as the state’s top trusts and estates attorney, and a manager of Rothschild Trust North America.
A little history: the trust company was set up in 2013 to cater to international families, particularly those with a mix of assets and relatives in the U.S. and abroad, according to Rothschild. It caters to customers attracted to the “stable, regulated environment” of the U.S., said Rees, the Rothschild spokeswoman.
“We do not offer legal structures to clients unless we are absolutely certain that their tax affairs are in order; both clients themselves and independent tax lawyers must actively confirm to us that this is the case,” Rees said.
Reread that sentence again, and this time try not to laugh: imagine a world in which both clients and tax lawyers, who are both conflicted and incentivized monetarily to lie, affirmatively confirm that they are not tax cheats? This is almost as good as Wall Street policing itself.
The managing director of the Nevada trust company is Scott Cripps, an amiable California tax attorney who used to run the trust services for Bank of the West, now part of French financial-services giant BNP Paribas SA. Cripps explained that moving money out of traditional offshore secrecy jurisdictions and into Nevada is a brisk new line of business for Rothschild. 

“There’s a lot of people that are going to do it,” said Cripps. “This added layer of privacy is kicking them over the hurdle” to move their assets into the U.S. For wealthy overseas clients, “privacy is huge, especially in countries where there is corruption.”
Here are some examples of families whose affairs are in order (after active self-confirmation of just that)
One wealthy Turkish family is using Rothschild’s trust company to move assets from the Bahamas into the U.S., he said. Another Rothschild client, a family from Asia, is moving assets from Bermuda into Nevada. He said customers are often international families with offspring in the U.S.
America's gain is Switzerland's, that centuries-old tax haven's, loss: Switzerland has been the global capital of secret bank accounts. That may be changing. In 2007, UBS Group AG banker Bradley Birkenfeld blew the whistle on his firm helping U.S. clients evade taxes with undeclared accounts offshore. Swiss banks eventually paid a price. More than 80 Swiss banks, including UBS and Credit Suisse Group AG, have agreed to pay about $5 billion to the U.S. in penalties and fines.
Guess who was among them? why yes, Rothschild Bank AG last June entered into a nonprosecution agreement with the U.S. Department of Justice. The bank admitted helping U.S. clients hide income offshore from the Internal Revenue Service and agreed to pay an $11.5 million penalty and shut down nearly 300 accounts belonging to U.S. taxpayers, totaling $794 million in assets.
Well, Rothschild is doing it all over again, only this time in Uncle Sam's back yard. Wait, you mean paying a $11.5 million penalty didn't teach it a lesson? No way. 
But even more tragicomic is the US push for tax transparency, known as the FATCA. Well, a push everywhere except in the US itself.
The U.S. was determined to put an end to such practices. That led to a 2010 law, the Foreign Account Tax Compliance Act, or Fatca, that requires financial firms to disclose foreign accounts held by U.S. citizens and report them to the IRS or face steep penalties. Inspired by Fatca, the OECD drew up even stiffer standards to help other countries ferret out tax dodgers. Since 2014, 97 jurisdictions have agreed to impose new disclosure requirements for bank accounts, trusts, and some other investments held by international customers. Of the nations the OECD asked to sign on, only a handful have declined: Bahrain, Nauru, Vanuatu—and the United States. 

“I have a lot of respect for the Obama administration because without their first moves we would not have gotten these reporting standards,” said Sven Giegold, a member of the European Parliament from Germany’s Green Party. “On the other hand, now it’s time for the U.S. to deliver what Europeans are willing to deliver to the U.S.”
As it turns out the US had no qualms about implementing global tax disclosure standards... as long as it itself would be exempt and benefit from the entire world parking its criminal money on US territory:
The Treasury Department makes no apologies for not agreeing to the OECD standards. “The U.S. has led the charge in combating international tax evasion using offshore financial accounts,” said Treasury spokesman Ryan Daniels. He said the OECD initiative “builds directly” on the Fatca law.

To the extent non-U.S. persons are encouraged to come to the U.S. for what may be our own ‘tax haven’ characteristics, the U.S. government would likely take a dim view of any marketing suggesting that evading home country tax is a legal objective,” he said.
And since the US now openly welcome all forms of hot, laundered, embezzled, or otherwise misappropriated money, there are countless banks willing to provide the service of parking that money in the US... for a commission. What amounts are we talking about? 
Well, trillions.
At issue is not just non-U.S. citizens skirting their home countries’ taxes. Treasury also is concerned that massive inflows of capital into secret accounts could become a new channel for criminal money laundering. At least $1.6 trillion in illicit funds are laundered through the global financial system each year, according to a United Nations estimate.
And most of those funds are now being parked in the US, where a key portal is Rothshild's Reno, NV office. 
But what makes this particular case of tax evasion particularly abominable is that it is nothing less than a symbiosis between proven and charged tax evaders and a U.S. government which has once again proven it can be bought for pennies on the dollar by banks like Rothschild, and legislate to make sure the bank continues pocketing billions in fees for the foreseeable future.
We dare readers to read the following several concluding sections without sending their blood pressure to dangerously homicidal levels:
For financial advisers, the current state of play is simply a good business opportunity. In a draft of his San Francisco presentation, Rothschild’s Penney wrote that the U.S. “is effectively the biggest tax haven in the world.” The U.S., he added in language later excised from his prepared remarks, lacks “the resources to enforce foreign tax laws and has little appetite to do so.”

Rothschild says it takes “significant care” to ensure account holders’ assets are fully declared. The bank “adheres to the legal, regulatory, and tax rules wherever we operate,” said Rees, the Rothschild spokeswoman. 
Except in cases like Switzerland where it didn't exactly "adhere to the legal, regulatory, and tax rules." This time will be different though.
Penney, who oversees the Reno business, is a longtime Rothschild lawyer who worked his way up from the firm’s trust operations in the tiny British isle of Guernsey. Penney, 56, is now a managing director based in London for Rothschild Wealth Management & Trust, which handles about $23 billion for 7,000 clients from offices including Milan, Zurich, and Hong Kong. A few years ago he was voted “Trustee of the Year” by an elite group of U.K. wealth advisers. 

In his September San Francisco talk, called “Using U.S. Trusts in International Planning: 10 Amazing Feats to Impress Clients and Colleagues,” Penney laid out legal ways to avoid both U.S. taxes and disclosures to clients’ home countries. 

In a section originally titled “U.S. Trusts to Preserve Privacy,” he included the hypothetical example of an Internet investor named “Wang, a Hong Kong resident,” originally from the People’s Republic of China, concerned that information about his wealth could be shared with Chinese authorities. 
Instead Wang will buy, sight unseen a Manhattan duplex for call it $50 million or whatever amount the seller demands, using a Nevada LLC with which to shield his purchase. In the process Wang's purchase, under the sage advice of Rothschild's Mr. Penney, assures that the luxury US housing bubble grows so big, and real estate prices rise so high, not a single law-abiding US citizen can afford to buy any form of luxury real estate.
Putting his assets into a Nevada LLC, in turn owned by a Nevada trust, would generate no U.S. tax returns, Penney wrote. Any forms the IRS would receive would result in “no meaningful information to exchange under” agreements between Hong Kong and the U.S., according to Penney’s PowerPoint presentation reviewed by Bloomberg. 
Keep in mind: all of this is legal, and with the express permission of a US government, which one can rightly say is as criminal as any of the advisors who are merely explaining to their wealthy clients how to cheat the system best.
There was a catch: not all western governments are muppets for the Rothschilds of the world: 
"Penney offered a disclaimer: At least one government, the U.K., intends to make it a criminal offense for any U.K. firm to facilitate tax evasion." 
Of course not the US, even though with that line it makes it very clear that what the US is doing is encouraing the criminal offense of facilitating tax evasion. Or maybe not. 
Rothschild said the PowerPoint was subsequently revised before Penney delivered his presentation. The firm provided what it said was the final version of the talk, which this time excluded several potentially controversial passages. Among them: the U.S. being the “biggest tax haven in the world,” the U.S.’s low appetite for enforcing other countries’ tax laws, and two references to “privacy” offered by the U.S.

“The presentation was drafted in response to a request by the organizers to be controversial and create a lively debate among the experienced, professional audience,” Rees said. “On reviewing the initial draft, these lines were not deemed to represent either Rothschild’s or Mr. Penney’s view. They were therefore removed.”
And that was that.
* * * 
While none of the above should come as a surprise to anyone who has been following our series since 2012 showing how US real estate has been used by foreign oligarchs to park illegal cash, what we would find very interesting in the next and final expose in this series, is for Bloomberg's Jesse Drucker to find how many billions (or maybe only millions - the US government is a very cheap whore) were paid under the table by Rothschild et al to bribe the US government to enable this kind of circular, incestuous legalized tax fraud on US soil, one for which Rothschild will collect billions in financial advisory fees for the indefinite future, and which blatantly steals from those who do pay their taxes: the middle class.
Credit to Zero Hedge