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Saturday, January 21, 2012

» The Global Elite Are Hiding 18 Trillion Dollars In Offshore Banks Alex Jones' Infowars: There's a war on for your mind!

» The Global Elite Are Hiding 18 Trillion Dollars In Offshore Banks Alex Jones' Infowars: There's a war on for your mind!: In recent days, the fact that Mitt Romney has millions of dollars parked down in the Cayman Islands has made headlines all over the world. But when it comes to offshore banking, what Mitt Romney is doing is small potatoes. The truth is that the global elite are hiding an almost unbelievable amount of money in offshore banks.

According to shocking research done by the IMF, the global elite are holding a total of18 trillion dollars in offshore banks. And that figure does not even count any money being held in Switzerland.


In Bermuda, Romney served as president and sole shareholder for four years of Sankaty High Yield Asset Investors Ltd. It funneled money into Bain Capital’s Sankaty family of hedge funds, which invest in bonds and other debt issued by corporations, as well as bank loans.
Like thousands of similar financial entities, Sankaty maintains no office or staff in Bermuda. Its only presence consists of a nameplate at a lawyer’s office in downtown Hamilton, capital of the British island territory.
“It’s just a mail drop, essentially,” said Marc B. Wolpow, who worked with Romney for nine years at Bain Capital and who set up Sankaty Ltd. in October 1997 without ever visiting Bermuda. “There’s no one doing any work down there other than lawyers.”
The amount of money being funneled through Sankaty today is absolutely stunning….
Today, Bain Capital manages $60 billion in assets, according to a spokesman. The total includes $23 billion in Sankaty debt and credit funds. Half a dozen Sankaty affiliates now are active in Bermuda, corporate registry records show.
The Sankaty debt hedge funds are organized as partnerships in Delaware that produce taxable business income by investing in fixed-income bonds and other debt instruments. Under tax law, even tax-exempt U.S. institutions may face a 35% tax if they invest directly in such hedge funds. By investing instead through a Bermuda corporation, the taxes are legally blocked, experts say.
Of course all of this is perfectly legal.

1 comment:

Andrew said...

We only know about the 18 trillion dollars in offshore banks because the Globalists and Elite want us to know. I think we can easily assume that these Globalists and Elite have 10x more than what is reported.

Think about it? The Global Elite, who only represent about .01% of the worlds population own 80% of the banks, industry and private equity firms. How it is possible that they have only banked 18 trillions when the Global Elite control so much?

I wonder how much gold the Global Elite own? The fiat currency may not be worth much one day, it's gold that will hold its value.

Thanks for the post... Keep in touch