Corporations Use “Money USA 20/20” Event To Expand Facial Recognition Worldwide

corporations-use-“money-usa-20/20”-event-to-expand-facial-recognition-worldwide

22-10-19 05:41:00,

By MassPrivateI

Forget the Bilderberg Group meetings and how the world’s power elite meet in secret to help shape governments. Because Rise Up’s Money 20/20 events puts them to shame.

October 27-30, Rise Up’s second annual and highly influential “Money 2020 USA” event will be held in Las Vegas, Nevada.

Money 20/20 USA 2019’s agenda focuses mainly on creating a global digital banking system and will also focus on AI, biometrics and digital ID.

But one panel discussion in particular caught my eye.

The discussion titled “Building Fusion Centers And Combatting Evolving Threats” by Anil Markose, Senior VP for Booz Allan Hamilton, is designed to promote Homeland Security’s Fusion Centers and the spread of biometrics to track people of interest.

As you will see, using Money 20/20 USA as a platform to help spread the use of biometrics has far-reaching consequences.

According to an article in Find Biometrics, “last year’s Money20/20 USA in Las Vegas drew a crowd of over 2000 professionals from 53 countries.”

Money 20/20 USA 2018’s agenda focused on AI, biometrics and digital ID more than 50 times. A talk by CLEAR CEO Caryn Seidman Becker called “CLEAR-ing a Frictionless Future With Biometrics” promoted the spread of facial recognition.

Why would Money 20/20 USA 2018 let CLEAR, a company who’s CEO said that “no’s are really yes’s” and when a potential customer says no to facial recognition “it is just time to pivot.” Be allowed to promote facial recognition?

CLEAR CEO Caryn Seidman Becker’s discussion “CLEAR-ing a Frictionless Future With Biometrics” with Anheuser-Busch’s Global Director of Innovation and the Seattle Seahawks GM of CenturyLink Field is a disturbing example of corporate involvement in the spread of biometrics.

Clearly, using Money 20/20 USA to expand biometrics is a smart business decision (pun intended).

The feds, bankers, and major corporations have also realized that Money 20/20 USA can be used to help spread AI, biometrics and digital ID across the globe.

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Climate and the Money Trail | New Eastern Outlook

climate-and-the-money-trail-|-new-eastern-outlook

25-09-19 09:56:00,

534522

Climate. Now who wudda thought. The very mega-corporations and mega-billionaires behind the globalization of the world economy over recent decades, whose pursuit of shareholder value and cost reduction who have wreaked so much damage to our environment both in the industrial world and in the under-developed economies of Africa, Asia, Latin America, are the leading backers of the “grass roots” decarbonization movement from Sweden to Germany to the USA and beyond. Is it pangs of guilty conscience, or could it be a deeper agenda of the financialization of the very air we breathe and more?

Whatever one may believe about the dangers of CO2 and risks of global warming creating a global catastrophe of 1.5 to 2 degree Celsius average temperature rise in the next roughly 12 years, it is worth noting who is promoting the current flood of propaganda and climate activism.

Green Finance

Several years before Al Gore and others decided to use a young Swedish school girl to be the poster child for climate action urgency, or in the USA the call of Alexandria Ocasio-Cortez for a complete reorganization of the economy around a Green New Deal, the giants of finance began devising schemes for steering hundreds of billions of future funds to investments in often worthless “climate” companies.

In 2013 after years of careful preparation, a Swedish real estate company, Vasakronan, issued the first corporate “Green Bond.” They were followed by others including Apple, SNCF and the major French bank Credit Agricole. In November 2013 Elon Musk’s problem-riddled Tesla Energy issued the first solar asset-backed security. Today according to something called the Climate Bonds Initiative, more than $500 billion in such Green Bonds are outstanding. The creators of the bond idea state their aim is to win over a major share of the $45 trillion of assets under management globally which have made nominal commitment to invest in “climate friendly” projects.

Bonnie Prince Charles, future UK Monarch, along with the Bank of England and City of London finance have promoted “green financial instruments,” led by Green Bonds, to redirect pension plans and mutual funds towards green projects. A key player in the linking of world financial institutions with the Green Agenda is outgoing Bank of England head Mark Carney.

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Follow the Money Trail Behind the Hong Kong Protests – Global Research

follow-the-money-trail-behind-the-hong-kong-protests-–-global-research

19-08-19 06:47:00,

The demonstrations in Hong Kong, now an open confrontation with the People’s Republic of China, have a global impact. What are the forces behind this movement? What provides the funds and who stands to benefit?

***

The increasingly violent demonstrations in Hong Kong are completely embraced and enthusiastically supported in the U.S. corporate media and all the imperialist political parties in the U.S. and Britain. This should be a danger sign to everyone fighting for change and for social progress. U.S. imperialism is never disinterested or neutral.

The disruptive actions involve helmeted and masked protesters using gasoline bombs, flaming bricks, arson and steel bars, random attacks on buses, and airport and mass transit shutdowns. Among the most provocative acts was an organized break-in at the Hong Kong legislature where “activists” vandalized the building and hung the British Union Jack flag.

U.S., British and Hong Kong’s colonial flags are prominent in these confrontations, along with defaced flags and other symbols of People’s China.

The New York Times described the airport shutdown:

“The protests at the airport have been deeply tactical, as the largely leaderless movement strikes at a vital economic artery. Hong Kong International Airport, which opened in 1998, the year after China reclaimed the territory from Britain, serves as a gateway to the rest of Asia. Sleek and well run, the airport accommodates nearly 75 million passengers a year and handles more than 5.1 million metric tons of cargo.” (Aug. 14)

U.S. media have consistently labeled these violent actions “pro-democracy.” But are they?

Even if the leaders of these reactionary actions decide to pull back from the brink and recalibrate their tactics, based on the Chinese government’s strong warnings, it is important to understand a movement that has such strong U.S. support.

China has a right to intervene

It must be strongly stated that China is not invading Hong Kong if it moves against these violent disruptions. Hong Kong is part of China. This is an internal matter, and the call for independence for Hong Kong is an open attack on China’s national sovereignty.

Under Hong Kong’s Basic Law, the constitution for the city, the government is legally allowed to request help from the Chinese People’s Liberation Army.

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Epstein’s money trail: Will probe into Deutsche Bank reveal powerful connections?

epstein’s-money-trail:-will-probe-into-deutsche-bank-reveal-powerful-connections?

25-07-19 07:34:00,

Since his arrest, Jeffrey Epstein’s story has spiraled from one of sexual depravity to one of shady dealings at the highest levels of international finance. RT’s Rick Sanchez asks: can justice overcome the power of money?

Millionaire financier and sex offender Jeffrey Epstein was arrested earlier this month on conspiracy and sex-trafficking charges, with girls as young as 14 among his alleged victims. The financier has since sat in jail pending trial, and additional victims have reportedly come forward.

Epstein’s name has long been associated with sexual misdeeds, since he dodged serious prison time for a litany of similar offenses a decade ago, striking a sweetheart plea deal with prosecutors that saw him serve thirteen months in a low-security prison.

However, attention has now turned to how exactly Epstein used his wealth to buy influence, and potentially fund a sex trafficking operation. Deutsche Bank has been contacted by investigators, having worked with Epstein since 2013, long after JP Morgan Chase cut its ties with the registered sex offender. Only after media reports last year again shone the spotlight on Epstein’s alleged crimes did the bank begin to close his accounts.

“There’s a good chance,” Sanchez said, that investigators may now subpoena Deutsche Bank’s wealth managers to find out “what they had going on with Jeffrey Epstein. This thing is really starting to unravel.”

“If you think that this is just Jeffrey Epstein,” legal analyst Lionel told Sanchez, “and nobody can understand who he’s ever dealt with…absolutely not! He is just a little pebble in a mosaic that is so huge.”

“He’s going to have to” turn some people in, Lionel added, suggesting that prosecutors will press Epstein on his connections, potentially ones revealed through the investigation of Deutsche Bank.

How justice will eventually find Epstein is another story. The tycoon was found“injured and in a fetal position” in his New York jail cell late on Wednesday. His cellmate denies attacking him, and media reports have quoted sources claiming Epstein tried and failed to hang himself or deliberately injured himself to be transferred. With his alleged connections to powerful people at risk of exposure, speculation has also turned to whether these people might now want him dead.

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Money and Democracy: Why You Never Get to Vote on the Most Important Part of Society

money-and-democracy:-why-you-never-get-to-vote-on-the-most-important-part-of-society

10-07-19 06:57:00,

Op-Ed by Jamie Redman

It’s very odd that citizens never get to vote or have any say in regard to society’s money, even though it’s one of the most important aspects of everyday life. In fact, in developed countries, most central banks are institutions that are privatized from political interference and history explains why.

Money: The World’s Most Powerful Weapon

Most people think they understand how governments work. People assume this because a bunch of people pay their taxes in the belief that ‘representatives’ are doing their bidding when it comes to law and order. What the majority of folks don’t understand is that there’s one very important aspect of society that taxpayers have literally no say in — the creation of legal tender and the country’s monetary system. Many people believe the black swan of Bitcoin was born because modern society is now dictated by private, central banks that have irresponsibly printed vast quantities of fiat and manipulated the world’s economy in the worst way. Bureaucrats have given central banks the world’s most powerful weapons. Even worse, the banking cartels are never held liable for the inflation and the rampant busts and booms that have plagued the world’s economy for many decades.

Money and Democracy: Why You Never Get to Vote on the Most Important Part of Society

From Simple Stock Traders to the Money Trust and the House of Morgan

People who question the ethics of the State understand that central banks arrogated to themselves a compulsory monopoly over society’s monetary system. The consortium of modern central banking started in the 17th century and one of the first known central banks was the Swedish Riksbank spawned in 1668. Following the Riksbank was the creation of the Bank of England in 1694 and 100 years later the Banque de France in 1800. In the U.S., President Woodrow Wilson created the Federal Reserve System the day before Christmas Eve in 1913 in response to the economy and the banking panic of 1907. That year the ‘Banker’s Panic’ or ‘Knickerbocker Crisis’ saw a nationwide run on banks and trusts throughout the U.S. Even though the Federal Reserve was initiated in an act of Congress, it is considered politically independent and not legally owned by the U.S. government. The Federal Reserve is the quintessential example of a 21st century central bank created by a group of bankers called the Money Trust more than 100 years ago.

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CEOs made 287 times more money last year than their workers did

ceos-made-287-times-more-money-last-year-than-their-workers-did

26-06-19 12:40:00,

After years of kicking and screaming, corporate executives have finally released pay data on what their CEO makes versus their median worker.

Unsurprisingly, the gap is obscene. The average chief executive of an S&P 500 company earned 287 times more than their median employee last year, according to an analysis of the new federal data released Tuesday by the AFL-CIO labor federation. America’s CEOs earned a staggering $14.5 million in 2018, on average, compared to the average $39,888 that rank-and-file workers made. And CEOs got a $500,000 bump compared to the previous year, while the average US worker barely got more than $1,000.

This is the first year in which all public companies were required to disclose CEO-to-workers pay ratios in filings with the US Securities and Exchange Commission. Before, companies only needed to report compensation for their top executives.

The new disclosures — largely opposed by corporate America — are part of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The purpose is to provide shareholders with more information to judge corporate behavior — and to shame executives for their excessive pay.

Chief executives at America’s largest companies don’t get paid the way the average worker does. Beyond a set salary, CEOs’ compensation packages include other forms of income, such as bonuses, company stock options, and long-term incentive payouts, which can vary based on performance and the status of the stock market.

The new analysis relies on the most conservative measure of CEO pay, based on the value of stock options when they were awarded to executives, not when they were cashed out.

Companies that rely on low-wage, part-time workers were among those with the largest pay disparities. Tesla had the most shocking one: Elon Musk made 40,668 times more money than the median Tesla employee. Among the largest US companies, the clothing brand Gap had the largest disparity. CEO Arthur Peck made 3,566 times more than the median company employee, who only made about $5,800. McDonald’s, Foot Locker, and Estee Lauder reported jaw-dropping pay gaps, too.

Here are the top ten companies in the S&P 500 with the largest pay ratios:

AFL-CIO Executive Paywatch report 2018

Meanwhile,

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Does fiat money encourage endless wars? RT’s Keiser Report has the answer

does-fiat-money-encourage-endless-wars-rts-keiser-report-has-the-answer

26-02-19 03:54:00,

Fiat money allow wars with no real cost to governments, which is why the century of central banking was the century of total war, said Saifedean Ammous, a professor of economics at the Lebanese American University.

“Under hard money, governments fought till they ran out of their own money. Under easy money, governments can fight until they completely consume the value of all the money held by their people,” wrote Ammous, a member of the Center on Capitalism and Society at Columbia University.

Stacy Herbert agrees with him, saying that, “Under fiat money you can be as stupid as you want, especially whoever controls the printing press of the fiat system.”

According to Max Keiser, hard money discourages mediocrity, starting wars and paying for that by printing cash. “It encourages competitors when you have hard money and the people who are against hard money don’t want to compete and just want to print fiat money… like Ben Bernanke.”

Stacy explains that right now the Bank of England, the Bank of Japan, and the ECB are under the auspices of the Federal Reserve Bank.

“Every single country in the world, every central bank is pursuing this money printing to get fiat money, except for one notable exception – Russia,” notes Max, adding they “paid out all the debt, they’ve been buying gold.” And China is doing the same thing, says Stacy.

For more stories on economy & finance visit RT’s business section

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Dark Money — Coming From a Shell Company Near You

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04-02-19 05:21:00,

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Politics & Elections

Dark Money — Coming From a Shell Company Near You

So-called “dark money” contributions come from a diverse cross-section of the American landscape. Suburbs, big cities and even small towns are home to corporations created primarily to conceal the true source of money flowing to super PACs that spend millions of dollars to influence elections.

One dark money trail leads to Carter Lake, Iowa, population 3,785. Technically, the town is on the Nebraska side of the Missouri River in Omaha, and its horseshoe-shaped lake was once an oxbow bend of the river itself. Flooding changed the course of the river in 1897 leaving a two-mile square piece of Iowa forever marooned in Nebraska. It has a local reputation as a lower-income town of small houses, mobile homes, airport hotels, a few industrial businesses and a large abstract steel sculpture called “Tri-Point Column” by the late sculptor Rod Kagan sitting alone in a field on Abbott Drive.

An obscure Carter Lake limited liability company (LLC) named DRT, LLC made a $250,000 contribution to pro-Trump super PAC America First Action in April 2018. The company made another contribution — $10,000 to the Mitch McConnell-aligned Senate Leadership Fund (SLF) — two weeks before election day.

The LLC’s address, 200 Owen Parkway Circle, is the same as Lone Mountain Truck Leasing, and its registered agent in Iowa is Andy Lucht, CFO of the truck company. The owner is Wayne Hoovestol, a midwest businessman who owns several farming and trucking-related businesses, including Hoovestol, Inc, many of which use the same Iowa address.

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Hoovestol and his wife Monica aren’t quite megadonors,

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„Public Money? Public Code!“ Broschüre zeigt Vorteile Freier Software auf

public-money-public-code-broschure-zeigt-vorteile-freier-software-auf

24-01-19 10:35:00,

Wahlzeiten gehören zu den besseren Zeiten, um auf Politik Einfluss zu nehmen und zumindest kurzzeitig Gehör zu finden. Kandidat*innen sind auf Stimmenfang und suchen Themen, mit denen sie sich sowohl innerparteilich als auch öffentlichkeitswirksam in Position bringen können.

Die Free Software Foundation Europe (FSFE) plant deshalb, mit verschiedenen Aktionen die kommende Europawahl zu nutzen, um Kandidat*innen und Wähler*innen auf die Forderung der Kampagne „Public Money, Public Code“ aufmerksam zu machen: Mit öffentlichen Geldern finanzierte Softwareentwicklungen sollen grundsätzlich unter einer Freie-Software- und Open-Source-Lizenz veröffentlicht werden. Dazu veröffentlicht die FSFE heute die Fachpublikation „Public Money Public Code – Modernising public infrastructure with Free Software“ (Englisch), die helfen soll, Entscheidungsträger*innen in Politik und Verwaltung mit den Vorzügen Freier Lizenzen vertraut zu machen.

Wettbewerbsvorteile durch Freie Lizenzen

Die Broschüre erklärt kurz und prägnant die gewichtigsten Argumente, die für eine Kopplung öffentlicher Gelder an die Veröffentlichung des Quelltextes unter Freier Lizenz sprechen. Neben den Vorteilen internationaler Kooperation, der Unabhängigkeit von Herstellerauflagen und Fragen der IT-Sicherheit zeigt die FSFE auch wirtschaftliche Argumente auf, etwa auf Freier Software aufbauende Geschäftsmodelle und damit einhergehende Wettbewerbsvorteile. Für die praktische Umsetzung werden erfolgreiche Beispiele angeführt sowie erste Schritte und Fallstricke von Richtlinien zur öffentlichen Beschaffung beleuchtet.

Neben der FSFE selbst wurde auch auf das Wissen zahlreicher externer Expert*innen zurückgegriffen. Darunter unter anderem Prof. Dr. Simon Schlauri (Autor einer Studie zu Wettbewerbsimplikationen Freier Software), unsere Autorin Constanze Kurz, Matthias Stürmer (Leiter der Forschungsstelle Digitale Nachhaltigkeit an der Universität Bern), Basanta Thapa (Kompetenzzentrum Öffentliche IT am Fraunhofer FOKUS) und Francesca Bria (CTIO der Stadt Barcelona). Letztere ist mit einem bereits bei netzpolitik.org erschienenen Interview zum Thema „Smart City“ und demokratische Teilhabe der Bürger*innen durch Software vertreten.

Die Broschüre erscheint in digitaler und gedruckter Form und steht unter einer CC BY-SA 4.0 Lizenz. Die zugehörige Kampagne „Public Money Public Code“, die unter anderem vom CCC, EDRi, Wikimedia Deutschland und dem Tor Project unterstützt wird, sammelt zudem Unterstützungsunterschriften für einen offenen Brief, der sich an Parlamentsabgeordnete richtet.

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Interview 1380 – Money Magic and the Scramble for Africa : The Corbett Report

Interview 1380 – Money Magic and the Scramble for Africa : The Corbett Report

24-08-18 09:09:00,

The Corbett Report

08/24/2018

0 Comments

Podcast: Play in new window | Download | Embed

James joins Melody Cedarstrom for his regular appearance on Financial Survival. This week they discuss the monetary system upon which the political puppet show is based and the scramble for African resources that is shaping up between the US and China.

SHOW NOTES
Corbett Report channel on D.Tube

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Market milestone: This is the longest bull run in history

G20 summit: Gordon Brown announces ‘new world order’

U.S., China Impose New Tariffs on Each Other as Talks Resume

The Secret Battle for Africa

Farmers in Madagascar say Chinese investors forced them to sell their land

Malaysia’s prime minister wants to cancel 2 multibillion-dollar Chinese contracts as his country tries to dig itself out of debt

Sri Lanka Formally Hands Over Hambantota Port to Chinese Firms on 99-Year Lease

Gaddafi on Africa, China and the US

China denies claims it built backdoors into African Union’s headquarters for spying

China denies report it hacked African Union headquarters

Abe declare candidacy in LDP presidential race on Sunday as prime minister looks to secure third consecutive term

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Dark Money, Japan Nukes, DARPA Mind Control – #NewWorldNextWeek : The Corbett Report

Dark Money, Japan Nukes, DARPA Mind Control – #NewWorldNextWeek : The Corbett Report

21-07-18 07:02:00,

The Corbett Report

07/21/2018

Podcast: Play in new window | Download | Embed

This week on the New World Next Week: dark money in politics just got darker; Japan is a secret nuclear power; and DARPA wants mind control for soldiers.

CLICK HERE for show notes and mp3 audio for this podcast.

Watch this video on BitChute / DTube / YouTube

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One comment

  1. 07/21/2018 at 6:52 am

    Corbett ( User Karma: 38 ) says:

    To avoid any confusion I’ll close down the comments here. To comment on this edition of New World Next Week please go to the podcast post:

    https://www.corbettreport.com/?p=27519

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Debt is Only Money that Pays Interest | Armstrong Economics

Debt is Only Money that Pays Interest | Armstrong Economics

31-05-18 07:09:00,

QUESTION: Mr. Armstrong; I listened to your interview with Greg Hunter on USA Watchdog. For the first time, I really understand that debt is money that pays interest. That is the real money supply which is leveraged. It is the interest that keeps expanding the debt and forcing taxes higher and higher until it can’t expand anymore. Is this the end game?

I only hope when this house of cards comes tumbling down, you will be there to help.

Please keep up your

PL

 

ANSWER: We will see interest expenditures exceed military next year in the USA. Only then will people perhaps begin to pay attention to what I have been saying. Can you imagine that the debt of all nations is about to explode with the slightest uptick in interest rates? We will be going over this issue at the WEC. Just look at Italy when rates soared from 0.3% to 2.5% in a single day. When I say interest rates can rise DRAMATICALLY, this is no joke. The Quantitative Easing in Europe and Japan have destroyed their bond markets. The central banks buy everything. The Bank of Japan bragged how they bought 97% of the new debt. Hello! That means there is no market!

People always ask me why I do what I do meeting with political governments around the world and I do not charge them a dime! The answer is simple. If I took money from them, then I would be beholding to them. Strangely enough, they call me because they know I will tell the truth. The research we put out is NOT for sale to the highest bidder to be manipulated to support some agenda like they do in everything else right down to Global Warming. Yes, there are governmental agencies that pay for Socrates. That is different from meeting with me personally.

I am called (1) because there is no conflict of interest and (2) our computer is tracking the entire world and its forecast cannot be manipulated. So do you want to call someone who you pay to fashion studies to support whatever political agenda you have today? Or do you really want to know when the shit will hit the fan?

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Facebook Gave Money To 85% Of House Committee “Questioning” Zuckerberg Next Week

Facebook Gave Money To 85% Of House Committee “Questioning” Zuckerberg Next Week

08-04-18 08:51:00,

Facebook and affiliated political groups have donated heavily to members of two committees set to interview CEO Mark Zuckerberg next week, according to analysis from the Center for Responsive Politics via USA Today.

Since 2007, the social media giant has contributed a cumulative $381,000 to 46 of the 55 members on the House Energy and Commerce Committee, which will hear from Zuckerberg on Wednesday. 

While the average committee member received between $6,750 and $6,800, Committee Chair Greg Walden (R-OR) received $27,000, and top ranking Democrat Frank Pallone of New Jersey received $7,000 from Facebook. 

Rep. Anna Eschoo (D-CA), whose district is adjacent to Facebook headquarters and home to many Facebook employees, received the most from Facebook at $55,150 since 2007. Eschoo narrowly lost a battle with Pallone for ranking Democrat position on the committee in the 2014 election. 

Walden and Pallone announced Zuckerberg’s appearance on Wednesday to testify on “critical consumer data privacy issues.” 

“This hearing will be an important opportunity to shed light on critical consumer data privacy issues and help all Americans better understand what happens to their personal information online,” Messrs. Walden and Pallone said in a Wednesday statement. “We appreciate Mr. Zuckerberg’s willingness to testify before the committee, and we look forward to him answering our questions on April 11th.” (also, thanks for all that money Zuck! We’ll be sure to put the softballs on a plastic “T” for you) 

Meanwhile, a Roll Call report reveals that two Democrats on the House Energy and Commerce Committee have nearly $100,000 invested in shares of Facebook – with Democratic Reps. Joe Kennedy of MA and Kurt Schrader of OR owning approximately $80,000 and $15,000 respectively. 

Twenty-eight members listed stock in the social media giant, according to Roll Call’s Wealth of Congress project. Among them, Democratic Reps. Kurt Schrader of Oregon and Joseph P. Kennedy III of Massachusetts sit on the House Energy and Commerce Committee, while Democratic Sen. Sheldon Whitehouse of Rhode Island sits on Senate Judiciary.

Both panels, along with Senate Commerce, invited Zuckerberg to appear before them after reports that Cambridge Analytica, a British big data firm, obtained access to private information of millions of Facebook users under questionable circumstances.

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Money Laundering: Is It Really True that Switzerland Is the #1 Most Corrupt Nation, and the U.S. #2? | Global Research – Centre for Research on Globalization

Money Laundering: Is It Really True that Switzerland Is the #1 Most Corrupt Nation, and the U.S. #2? | Global Research – Centre for Research on Globalization

01-02-18 01:05:00,

The Tax Justice Network produces a Financial Secrecy Index, ranking countries for the assistance their legal systems provide, to money-launderers, and to all people who seek to protect corruptly-obtained wealth. The higher the score, the more corrupt the government is. The last time this Index was published, in 2015, Switzerland was rated the world’s most-corrupt country, and Hong Kong was then #2.

But now, in its newly released global rankings, “Financial Secrecy Index — 2018 Results”, though Switzerland still holds its #1 (most-corrupt) spot, the U.S. has become #2, and Hong Kong has now fallen to #4, which is immediately below Cayman Islands (which is #3, and which had been #5 in 2015).

The detailed report-card for Switzerland says

“the Swiss will exchange information with rich countries if they have to, but will continue offering citizens of poorer countries the opportunity to evade their taxpaying responsibilities. These factors, along with ongoing aggressive pursuit of financial sector whistleblowers (resorting at times to what appear to be non-legal methods) are ongoing reminders of why Switzerland remains the most important secrecy jurisdiction in the world today.”

The detailed report-card for the United States notes America’s rising score, and resulting success in attracting corrupt wealth, as follows:

The rise of the US continues a long term trend, as the country was one of the few to increase their secrecy score in the 2015 index. The continues [intending the word “continued”] rise of the US in the 2018 index comes off the back of a significant change in the US share of the global market for offshore financial services. Between 2015 and 2018 the US increased its market share in offshore financial services by 14%. In total the US accounts for 22.3% of the global market in offshore financial services.

The U.S. report-card asserts that, “Financial secrecy provided by the U.S. has caused untold harm to the ordinary citizens of foreign countries, whose elites have used the United States as a bolt-hole for looted wealth.” Of course, this isn’t the largest such “bolt-hole” — it’s the second-largest. Furthermore, the report-card for Switzerland said:

According to the Swiss Bankers’ Association banks in Switzerland hold CHF 6.65 trillion ($6.5 trillion) in assets under management,

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