Iceland's Tax Dodging PM Resigns, David Cameron Next? Insidious Banking Crime Syndicate

By: Nadeem_Walayat

The 'Panama papers' leak of 11.5 million documents on the tax affairs of the world's elites at just one of thousands of tax dodge facilitating firms which thus represents a mere fraction of the tax dodging that goes on in the world's tax havens, many of which are British dominions. So whilst the Panama papers are making the headlines today, however virtually EVERYONE already well understands that the rich and political elite DODGE TAXES, usually paying just a token amount that tends to be a lot closer to 0% than even 1% of earnings. Whilst the gullible workers, the sheeple pay 20% or 40% of their earnings to the state, which compares against less than 1% tax paid by those who earn hundreds times more, much of which is through ill gotten gains such as by criminals and dictators and their henchmen, the likes of Czar Putin who has probably funneled $10's of billion's of the Russian peoples wealth out of the country and into a myriad of tax haven front companies, and then we have the Al brigade, thousands of Sheiks who have siphoned off the Gulfs oil wealth over many decade, with the so called communists of China not far behind.

Nevertheless the Panama papers have claimed their first tax dodging Prime Minister, as Iceland's PM despite denying everything written in black and white, who facing huge protests decided to resign, as likely will many other Icelandic politicians as they too will be found out to have hidden assets off shore as the PM had apparently hidden millions in assets offshore in his wife's name, including shares in bailed out and tax payer supported banks, which once more reveals the true nature of the insidious banking crime syndicate that the people were forced to bailout at financial gun point and for which are still paying the price of.

And as one digs deeper into the mountain of Panama papers, they will likely claim many more politicians across Europe, possibly even including our very own Prime Minister, David Cameron, who similarly has been busy making denials of owning nothing abroad, and not owning any shares.

“In terms of my own financial affairs, I own no shares. I have a salary as Prime Minister and I have some savings, which I get some interest from and I have a house, which we used to live in, which we now let out while we are living in Downing Street and that’s all I have."

The problem is his late father was an expert at dodging taxes as is being revealed by the Panama papers, who's offshore tax dodging company paid NO TAXES for 30 years and apparently is still operating with estimated assets of £35 million! So does David Cameron really think people are too stupid to figure out that he is a beneficiary of at least some of the £35 million stashed in an offshore tax haven front company? Apparently that's the game he is playing that is sowing the seeds for his own downfall when all is revealed. It would be much better for David Cameron to come clean, for instance state that he or his children will get £x millions in x years time, rather than continue to play the general public for fools.

Another point is that David Cameron promised to publish his tax returns in early 2012, but to date has failed to do so! So what is it that David Cameron does not want the British public to see?

More on the key elements of how the elite rule over the masses in my following in-depth analysis (14 Oct 2013 - The Illusion of Freedom - Democracy, Religion, Science and Propaganda), excerpted below:

DEMOCRACY and the Illusion of Freedom

The financial crisis has given the general population a window into the reality of the system of slavery that exists in the west to the extent that the bankster elite rule the country and not the politicians who in large part are nothing more than propaganda servants in the service of their elite masters whom they hope to eventually join the ranks of on leaving office.

This is why instead of holding the bankster criminal elite to account the politicians have in action rather than rhetoric gone out if their way to protect their masters, which means in Britain no bankster's have even been charged with a crime let alone gone to prison, instead they have ALL been BAILED OUT to UNLIMITED extent by ordinary tax payers, by the SLAVES who work for the elites in their factories, offices and retail outlets.

So all that happens each time a new bankster elite fraud is revealed is that the UK Treasury and Bank of England step forward to bail out the banks with ever escalating amounts of tax payer monies all the whilst deploying mainstream media smoke and mirrors to hide the extent of the bailouts, as exampled by the mis-selling scandals with another scandal revealed virtually every other month such as PPI mis-selling and the tens of billions that will need to be paid out as compensation for the LIBOR price fixing fraud, whilst the Bank of England's brethren continue to bank billions in bonuses on the basis of fictitious taxed wage slaves funded profits.

Meanwhile the politicians play with smoke and mirrors such as alluding to the fact that the share prices of many tax payer bailed out banks are now showing a profit. What they fail to mention is that the Bank of England has stuffed the banks full of some £500 billion of free money to ensure that the stock prices would be inflated so that the Politicians can announce a small profit on for instance the £40 billion capital injection in LLoyds HBOS, that I am sure the share holdings will be sold at a deep discount to the bankster elite just as Royal Mail had recently been sold for just £1.7 billion after the companies debts and liabilities such as the pension's liability of £12 billion was dumped onto tax payers. In total the cost to the tax payers could be as high as £20 billion for a £1.7 billion return.

The Liberal Democrats betrayal of virtually everything that they stood for from student tuition fees to electoral reforms, to rail fares illustrates the degree to which virtually ALL politicians SYSTEMATICALLY LIE. The truth is that in today's western democracies politicians just cannot get elected unless they LIE.

At every election promises are made and after every election virtually NONE are kept! Because politicians primarily serve the interests of the ruling elite and the primary purpose of politics is to create a dense layer of smoke and mirrors for the elite to hide behind so as to continue to keep the slave populations as docile and as productive as possible, which is far more difficult to achieve under dictatorships which tends to result in far less productive slaves.

At this point I can imagine that many people will be arguing that countries such as Britain have the welfare state and the NHS and myriad of other state interventions that support the general population. However, that is just what all farmers do, they tend to look after their live stock! The elite want healthy baby slaves to be born and then looked after, educated upto a certain level and kept in good health so as to maximise their productive capacity in the service of the elite. But slaves who imagine that by educating themselves to a high level will allow them to gain freedom will soon find themselves saddled with increasing amounts of debt for the whole of their lives for that is how the debt based system of slavery is designed to work. For most people all that more education will achieve is an even greater amount of debt. Like wise when slaves cease to be productive they are dealt with by systematically taking away much of the wealth they may have accumulated and finally being eliminated by the NHS.

EU Referendum

And where the EU referendum is concerned see my earlier article on why the elite want Britain's sheeple to vote to REMAIN within the EU (21 Feb 2016 - EU Referendum - The British People vs Establishment, Bankster's and Westminister Elite). And so why the people of Britain should vote to LEAVE so as to give the establishment a bloody nose.

So now the battle lines have been drawn between the British people and the establishment that currently includes 550 of the 650 MP's who are virtually all in the pockets of the bankster elite. Though the LEAVE and REMAIN numbers are likely to change depending on which way the wind (opinion polls) blows as the slithering politicians slowly manoeuvre themselves towards the winning side, probably most at the last minute unless than opinion polls by 23rd of June coming in on a knife edge.

Nevertheless, as I have often voiced that THIS referendum really is Britain's LAST chance to vote for FREEDOM from an emerging european superstate as the following two recent videos illustrate why -

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By Nadeem Walayat

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Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

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