We’re living in journalistic history, people. A massive, anonymous leak of financial documents from a Panamanian law firm has revealed an extensive and global network of offshore and rather illegal “shell” companies. In an era of history in which progressivism is on the rise and revolution dawns the mindsets of many different countries, we’ve just uncovered a massive scheme which allows the wealthy to hide all assets from taxes and to create laundering monopolies of billions in cash.
72 current or former heads of state from over 50 countries have been put on the limelight, including Russian President Vladimir Putin as well as the Prime Ministers of Iceland, the United Kingdom, and Pakistan, and most of the Middle East. The Panama Papers is about to change international affairs and the entire financial structure.This is the biggest data leak in the history of humanity. In a world where we’ve created more data in the last two years than all of history, it seems as if this massive controversy will be covered in history as a major spike in the dark age of information. Secret offshore companies associated with Egyptian former president Hosni Mubarak, Libya’s former leader Muammar Gaddai, and Syria’s current Assad regime will allow for further breakdown in trust within regimes that have already undergone failed revolution for Democracy in the last few years.
But, it’s not just dictatorships that are under fire here, people. Some of America’s most trusted allies are within this massive breakdown as well. Ian Cameron, the father of current British Prime Minister David Cameron, is one of the most prominent names to list. Most, if not all, of Western Europe is involved as well.
One of the most reported on problems within the Panama Papers is an alleged billion-dollar laundering ring run by one of the most prominent Russian banks tied to Russian President Vladimir Putin, who has been steadily distancing himself from Europe for years now. The bank apparently shuffled illegal money to offshore companies, of which several are officially owned by Putin’s close friends.
“I think the leak will prove to be probably the biggest blow the offshore world has ever taken because of the extent of the documents,” said Gerard Ryle, director of the International Consortium of Investigative Journalism (ICIJ), a non-profit organization based in Washington, D.C., which coordinated the reporting. — USA Today
The cache provided by the ICIJ is the largest journalistic blow towards corruption, larger than the 2013 blowout that was leaked byformer CIA employee Edward Snowden and the 2010 ‘WikiLeaks’ scandal. Edward Snowden tweeted that this is “the biggest leak in the history of data journalism just went live, and it’s about corruption.”
It’s a huge story. One of corruption, secret money, and illegal funding. One of billions of dollars that have been stolen from working men and women and taken out of national banks. This, ladies and gentlemen, is a journalist’s wet dream. This is the biggest we’ve ever seen.
I’ll be posting more updates as more general information comes out. But for now, it’s going to be a very interesting week in politics and finance.