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Tax Police And Fake Journalists
Spun The Panama Papers Fraud

By Yoichi Shimatsu
Exclusive To


The most astounding aspect of the Panama Papers affair is how up to 300 “journalists” from dozens of countries could be so abysmally ignorant of business law and real-world trading practices. Their “scoop” is nothing less than grand libel and global-wide slander. The victims of this phony scandal, whose names were bandied to the world press, should file a class-action lawsuit against the International Consortium of Investigative Journalists (ICIJ), and its sponsors George Soros, the Ford Foundation, the Omidyar Network and the hidden spymasters in the US Treasury Department for substantial damages to legitimate business interests, political careers, privacy rights and personal reputation.

ICIJ was warned about the illegality of their flawed methods by an authentic investigative journalist. On a quick visit to the East Coast on March 2015, I left a number of phone messages and sent an email query to ICIJ requesting a meeting and an explanation for why they wrongfully abuse people who open a foreign bank account. My email message explained that so-called “offshore” accounts are legal and, in most cases, necessary under commercial business practices. The two chief leaders of ICIJ replied that they could not meet me because they were “out of town” in Virginia, 15 minutes away from Washington DC. It became clear to me then, that the heads of ICIJ are media fraudsters up to no good.

One might ask: Well, weren’t (suspected) drug traffickers on the list of 11million-plus offshore accounts? The answer is that under criminal law and the civil code, two rules prevail: innocence until guilt is provent; and public accusations against innocent parties is libelous and punishable with fines and imprisonment. Given the extent of the slander and libel against clients of the Mossack and Fonseca law firm, ICIJ should be prosecuted and deprived of its non-profit status and then court-ordered to pay massive fines for global libel of their victims.

To emphasis the legality of holding a foreign bank account: If non-US citizens were to be forbidden under law to hold accounts in American banks, it would mean certain collapse for JP Morgan Citibank, Bank of America, Wells Fargo, First Bank and the like. If the “logic” of ICIJ is adopted as law, then Congress should introduce legislation banning foreign investors from all U.S. financial services, including the purchase of Treasury bonds. ICIJ could then explain their misbegotten crusade to a hundred million unemployed American workers whose employers go bankrupt.

If anything, if for personal honor and not well-deserved retaliation, those who were slandered by the ICIJ insinuations of criminality should now withdraw all their funds and investments from the US financial institutions in order to teach a lesson to the ICIJ’s hidden masters behind this phony scandal, the blackmailers and thieves at the US Treasury Department and the Federal Reserve Bank.

Secret Police for the Central Bankers

The ICIJ are stooges of the US Treasury’s secret police agency called the Financial Crimes Enforcement Network (FinCEN), organized under Title III of the Homeland Security Act.

FinCEN is the grandmaster of allied financial crime-busting offices at the British Exchequer and the central banks of the Group of Seven (G-7) industrial nations. This financial-intelligence circle dominates a global umbrella called the Egmont Group of Financial Intelligence Units (FIUs), created in 2008, which has a current membership from 132 countries and territories. Under the rubric of “fighting terrorist funding”, this unprecedented commercial intrusion is gaining total data control over everyone’s money worldwide.

FinCEN and its espionage snoops, in league with the CIA and MI-6, are exponentially more threatening to liberty, privacy, property, prosperity and free markets than the Gestapo, Stasi and KGB combined. The Treasury’s spy network is led by Jennifer Shasky Calvery, a mirror image of the paranoiac and bizarre J.Edgar Hoover. Shasky-Calvery is yet another example of how the US government routinely promotes deviant types with a warped and felonious character profile to head its most repressive agencies.

Why hire a criminal mind to run FinCEN and its octopus tentacles? Because the Egmont Group is nothing less than a global extortion racket to squeeze every penny out of the private sector in order to partially pay off the irrecoverable bad debts of the fiscal criminals in pinstriped suites who looted the central banks and major retail banks.

Snowden’s Shock over a CIA-FinCEN Ambush

Edward Snowden’s famous recollection of how a CIA team under FinCEN repeatedly entrapped Swiss employees of Geneva private banks with alcohol-guzzling sessions in order to arrange “drunk driving” road accidents. To avoid a court case that would have ruined his banking career, one Swiss banker agreed to illegally turn over the list of his clients to CIA-FinCEN. The devioous methods of the CIA and Treasury, risking the murder of their human quarry, are far more illegal than the financial misdeeds they are out to suppress.

An earlier ICIJ crusade called “Swiss Leaks” was based on that entrapment case witnessed by Snowden and on the Mossad kidnapping of HSBC Switzerland computer expert Herve Falciani in order to shake down businessmen who fund Hezbollah. The CIA intervened with the Israelis to obtain Falciani’s release and then advised him to fly to Spain instead of his intended destination of France. On his landing at Madrid Airport, the bank technician was arrested and forced to turn over all the HSBC Switzerland data to the CIA-FinCEN thugs.

Banksters are the World’s Worst Criminals

Kidnapping, entrapment, assault with a car, attempted murder, are these acceptable means to gain confessions and obtain data? Or are such abusive methods far worse than the crimes they are meant to stop? And then, while on the subject of official looting sprees, whatever happened to the gold ingots and pallet-loads of paper money that disappeared from inside the vaults of the central banks of Iraq and Libya? Were the unsolved mysteries, accomplished with the destruction of cities and bombing of civilians, a justifiable act for improved taxation or simply armed robbery?

The central bankers and tax authorities are the actual financial criminals, whose self-serving policies have forced industrious and frugal investors to flee their own countries. At the coming dawn of an era of long-awaited retribution, these bureaucratic thieves and their lawless bounty hunters must be brought to justice and severely punished no differently than the torturers at Abu Graibh.

Next a lesson in international economics for propagandists who dare call themselves “investigative journalists”, which most certainly they are not. But, before then one point demands clarification: The acronym ICIJ is an insult to every genuine investigative journalist who works tirelessly and mostly unpaid for the public interest rather than draw from the payroll provided by banksters and gangsters who control the global dictatorship.

Imbeciles of the Corporate Media

The know-nothing ICIJ imbeciles denounce so-called “offshore accounts” as nefarious violations by money launderers against homeland taxation, wrongfully and stupidly. Bank accounts and business registration in foreign jurisdictions are not just legal but also necessary to international trade and investment. The overwhelming majority of account-holders, including those on the Panama Papers list, are legitimate businessmen. Why must an honest trader bank and set up a business overseas? There are four compelling reasons, all of them legal and proper.

1. Underwrite international trade: Taking Panama as a case in point, international trade demands fast-payment capability. Whenever a freighter or tanker approaches the Panama Canal, the fees for passage must be paid in advance, like a toll ticket to offset the costs of powering the locks, security, insurance and so forth. It therefore helps to keep a hefty deposit in a local Panamanian bank so that the canal operator doesn’t have to wait for a certified check in the snail mail. That Central American country is also a registry for ships, and so if one wants to operate a flagged container vessel, having a Panama-registered business makes absolute dollars and sense . If one has a fear of opening an “offshore account” in that “tax haven”, then be ready to pay the extra charges for fuel and shipboard wages when the vessel has to navigate around Cape Horn or the Cape of Good Hope.

2. Invest in Free Trade Zones: Purely domestic investment generally requires a larger share of local content and reams of licenses and approval at the local level. In contrast, foreign business registration can provide “foreign direct investment” (FDI) status for a local investor, meaning eligibility to set up factories in special economic zones for export-oriented industries. This practice reduces bureaucratic red tape for new licenses, eases permission for participation by foreign contractors (architects, construction, production machinery, power equipment, software, etc.), and facilitates qualification for international loans and overseas partnerships. FDI status for a businessman from China, Vietnam or Thailand means a reduced requirement fo local-content, which is beneficial for Western contractors, suppliers, skilled employees, insurance coverage, financial charges, shareholders and banks. FDI status, through offshore businesses, is therefore ultimately gainful in tax revenues for Western governments. Free Trade Zones pulled the Asian region out of grim poverty and increased consumer demands, and those benefits led to unprecedented prosperity from Westerners, which Wall Street has since badly blown. ICIJ would have everyone go back to an era of “buy local” feudalism, a Dark Age in which nobody would have the need to read a newspaper or listen to journalists online but milk the goats instead. Pastoral poverty is a romantic ideal, but few today could adapt.

3. Commodities Bidding: Overseas bank accounts in less-regulated territories allow fewer bureaucratic reporting requirements, reduced paperwork for money transfers, and therefore faster transactions, which are essential for international trade. It is cumbersome to file with a local bank to remit money abroad. As long as weeks or months are required to clear payments out of banks in most larger countries, a process that demands reams of applications forms and copies of documents to transfer minor amounts of funds. By contrast, if one is a purchaser of commodities, payments via a broker must cleared within an hour of the close of trade at mercantile exchanges in Chicago and New York. Since many trades are done to best advantage toward the end of the trading day, one has be able to transfer funds within, say, 20 minutes and not after 20 days. To purchase shiploads of corn, soy, wheat, crude oil, bunker fuel, offshore accounts are necessary for many buyers. But then, ICIJ and their masters at Treasury want everyone to live without corn or oil under an economic system called dirt-poor slavery.

4. Protection against Currency Debasement: Companies in waiting, or “shell companies”, are often held in reserve as a temporary shelter or for contingencies in case of a major currency devaluation in one’s home country in which one can lose millions instantly in terms of convertibility to other currencies. Brazilians and Argentines lost their entire life savings during periodic collapses of the real and peso. This sort of currency debasement, a dirty crime of the central bankers and the IMF, is grossly unfair to well-run businesses and retirees who are deprived of their savings. Capital flight, which is often depicted by tax authorities as an “evil”, is in most cases a survival response necessary for wealth preservation. Devaluation of a currency makes it such that every person in the world should have an “offshore account” for the sake of their children and families.

5. Trust accounts, especially for children, should be deposited in a currency that is not going to be intentionally debased by a central bank willing to print money in complete disregard of fiscal discipline and inflation. In a fair world, every child should have not only an educational opportunity but also a trust account in a sound currency to pay for that higher education. In the US unfortunately, college students straddled with floating-rate student loans are debt slaves to the Wall Street bankers.

The phony “journalists” of ICIJ could care the less about hardworking people and diligent business owners. The interests of these media dogs of finance and taxation are to protect the taxman and the underworked, overpaid government bureaucrats who have overspent and mismanaged national budgets and now want to put their fingers on your savings. Government by pickpockets must be put to an end, and a properly managed economy has to be restored or we all face another, bigger financial implosion and absolute debt slavery.

As for my video discussion on the links between Mossack and Fonseca to the CIA, this sordid hidden relationship will be further exposed in a coming article. Let’s hope the Treasury’s FinCEN will investigate their own spies and then seize the cocaine-financed assets of the CIA.

Yoichi Shimatsu, an investigative journalist and science writer, is former editor with a major daily newspaper in Tokyo.


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