Panama Papers

The Invisibility of U.S. Oligarchs: The Case of Penny Pritzker

By Sam Husseini | April 19, 2016 Other countries, not the U.S., have oligarchs apparently. Billionaire and Commerce Secretary Penny Pritzker came and went to the National Press Club with hardly a tough question on Monday — see video and PDF. I’d submitted several questions, but first a word on the choreography of the event: Virtually […]

The War on Savings: The Panama Papers, Bail-Ins, and the Push to Go Cashless

What we may be witnessing here is the 1% going after the 10% of people who, according to German researcher Margrit Kennedy, do not need to borrow but are “net savers.” Today the remaining 90% are “all borrowed up.” Either they are unwilling to borrow more or the banks are unwilling to lend to them, since they are poor credit risks. Who, then, is left to feed the machine that feeds the 1%, and more specifically the 0.001%?

Panama Papers: Bear in the Woods

If the auspiciously named ICIJ and their partner journalists were actually interested in excising this offshore cancer for want of a better world, they would be demanding that all corporations and officials in positions of significant influence publish their tax affairs for ICIJ or public examination. It would be releasing all the Panama Papers: at the very least to independent journalists for them to report on or at best in a public database.