City of London - The Centre of the global crime scene - TruePublica
City of London – The Centre of the global crime scene
When it comes to The City of London, the term ‘tax haven’ is
not describing all that it should. It doesn’t just shield the
mega-wealthy from paying their fair dues it goes further and offers a
departure from the rule of law as you would know it. Secrecy is
its raison d’être. These secrecy laws do not benefit the local people
living in its jurisdiction but only those individuals and corporations
with enough money and with something to hide.
The reality is that the City of London caters for those above the
law, it operates on the basis of bypassing democratic society as a
whole. This has come about over time where an extraordinary ‘gentlemens
agreement’ has stood the test of time. Over the centuries, the head of
state and his/her governments have had the need of large loans for wars
and the like, the City, in exchange for such commodity has extracted
certain privileges the rest of the population do not enjoy. The end
result over the time is that it now has its own jurisdiction to do
pretty much as it pleases.
A ‘watchman’ sits at the high table of parliament and is its official
lobbyist sitting in seat of power right next to the Speaker of the
House who is “charged with maintaining and enhancing the City’s status
and ensuring that its established rights are safeguarded.” The job is to
maintain order and seek out political dissent that might arise against
the City.
The City of London has its own private funding and will ‘buy-off’ any
attempt to erode its powers; any scrutiny of its financial affairs are
put beyond external inspection or audit.
For over a hundred years the Labour party tried in vain to abolish
the City of London and its accompanying financial corruption. In 1917,
Labour’s new rising star Herbert Morrison, the grandfather of Peter
Mandelson made a stand and failed, calling it the “devilry of modern
finance.” And although attempt after attempt was made throughout the
following decades, it was Margaret Thatcher who succeeded by abolishing
its opponent, the Greater London Council in 1986.
Tony Blair went about it another way and offered to reform the City
of London in what turned out to be a gift from god. He effectively gave
the vote to corporations which swayed the balance of democratic power
away from residents and workers. It was received by its opponents as the
greatest retrograde step since the peace treaty of 1215, Magna Carta.
The City won its rights through debt financing in 1067, when William the
Conqueror acceded to it and ever since, governments have allowed the
continuation of its ancient rights above all others.
The City effectively now stands as money launderer of the world, the
capital of global crime. It is the heart and engine of the offshore
haven, with Jersey, Guernsey and the Isle of Man its european collection
centres, the caribbean and others hoovering up billions of American
dollars from all over the globe. Whilst there are good and legal reasons
for offshore accounts, it has a dark and shadowy client list;
terrorists, drug barons, arms dealers, despots, dictators, shady
politicians, corporations and companies, millionaires and billionaires
– most with something to hide.
The Independent newspaper reported last July that The City of London
is the money-laundering centre of the world’s drug trade, according to
an internationally acclaimed crime expert. Another expert in Mafia
criminology has come forward and stated the UK is now the most corrupt country in the world
and firmly pins the blame on The City of London. In addition, every
notable financial expert now agrees that due to incredibly lax financial
laws facilitated by the British government, the London property market
is built largely on the laundered money of crime from all over the world
involving hidden tax havens, most of which are British.
Her Majesty’s British Overseas Territories and Crown Dependencies make up around 25 per cent of the world’s tax havens,
which are now blacklisted by the European Commission and now ranked as
the most important player in the financial secrecy world.
Tax havens featured on the EC’s blacklist of
June last year include Anguilla, Bermuda, the British Virgin Islands,
the Cayman Islands, Montserrat and the Turks and Caicos Islands to name
just a few and each is inextricably linked to the City of London’s crime
offices.
