Panama Papers: How The RICH Play By Different Rules!! (Ep 72)

In this episode, I kick things off by giving you the lowdown on what exactly the Panama Papers are. Yes, the biggest data leak in history only seemed to impact the super-rich and that begs the question: why should you care? After all, most of us in crypto are libertarians and are unlikely to care too much about the super-rich dodging tax. However, I flag up numerous examples where the likes of Mossack Fonseca and the likes of HSBC actively helped the financing of dictators. For those wondering how big a deal the Panama Papers were; well, 29 people on the Forbes rich list were implicated and so were a bunch of politicians. I look into all that in this podcast. I then move on to explain how the Panama Papers data leak exposed the ugly underbelly of a rotten financial system. Finally, I look at how much money laundering actually goes on in crypto and tell you how that stacks up with those dirty transactions in the traditional system. Yes, I do podcasts but don’t forget that I also have a tip-top crypto channel on YouTube (https://www.youtube.com/channel/UCqK_GSMbpiV8spgD3ZGloSw)! Disclaimer: The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this podcast is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.