RE: Panama Papers Law Firm Mossack Fonseca On Its Death Bed
Make no mistake, the closing of Mossack Fonseca is a small victory in the fight against international corruption.
Is it a victory though?
I doubt it will make a shred of difference.
The operation will just move to a yet to be exposed criminal outfit or broken up amongst the 3 larger entities operating in the same sphere.
The hypocrisy coming out of those in power is biblical right now, they pontificate about criminals and terrorists using Bitcoin for money laundering and supporting crime etc whilst using the current system to do just that themselves!
One rule for them and one for us, that’s the problem.
I don’t judge anyone for stashing their wealth away from criminal, thieving governments however when it’s the criminal politicians and their cronies doing it I get pissed off.
Great work V
You're probably right, I honestly think it's doesn't amount to much in the grand scheme of things as there are literally hundreds of other locations to offshore wealth and avoid taxation. What I was trying to say was that exposing these crimes has pull backed the curtain on the activities of the elite proves they're hypocrites and no better than criminals. I see that as a small victory. But yeah, the closing of one law firm is not going to change the practice at all.
Also, I couldn't agree more about the attempts at conflating Bitcoin with money laundering while massive scale money laundering is currently occurring in the present system.
Thanks for your insight as always!
And thanks for yours dude, this is important work as many people are still totally unaware of the criminals they vote for.
Also, blockchain (potentially EOS) will make on-chain laundering practically impossible.
We should be promoting blockchains for this ability, not attacking them. Though, doesn't surprise me as it's the elites that need to launder money, no the common people.
Absolutely.
But people are gullible enough to belive them, which is even bigger problem.
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