Dont Read Anything Into UBS Tax issue

There are some great write-ups about the UBS Tax Case.

brucekrasting.blogspot.com/2009/08/swiss-black-accounts-trillion-dollar.html"

www.revue.ch/ubsE03"

www.freedomandprosperity.org/press/p04-15-04/p04-15-04.shtml"

www.freedomandprosperity.org/update/irsreg/irsreg.shtml"

To sum up:

4450 names have been released to the DOJ and IRS.
Still 48,000 names that have not been divulged or money has been sent back to the states.
$15.2B was total figure of 52,000 names, this is a bag of shells.

Korad Hummler - Managing Partner at Wegelin & Co states the following:

"Switzerland has become a paradise for foreign capital on which tax is not paid. The uproar from foreign governments is understandable.”

He says that around 30%, or CHF 1,000 billion, of the CHF 2,800 billion or so of foreign assets in Swiss banks is untaxed “black money”.

This means that close to$1 Trillion sit in Swiss Accounts that is unaccounted for.
This is not a US problem, as $15.2B is only 1.5% of the total unaccounted for figure. Also 52,000 bank holders is nothing compared to the roughly 3 million accounts that house the $1 Trillion currently.

I have known for years that most of the money unaccounted for is from shady politicians and leaders from developing nations (Pakistan/India/Indonesia/Philippines/All of Africa). They basically syphon money given to them from the World Bank, IMF, and USA to help their poor, instead 99% goes into secret bank accounts.

I don't know what is going to happen in the end, but business as usual after this latest ordeal is probably in the works. Again this is not Hollywood where there is some accountability at the end of the day.

Rich people get rich or try to get rich not because they like money, they like the political power it affords them and most importantly immunity from prosecution if in the event the shit hits the fan. History has and will always be a great affirmation of this one important detail.