“We know everything today because we have had the Panama Papers. We have seen it. And we are not able to act upon it. And we are not able to act upon it because the system is really protecting the few people who are having benefit from it. And these are in percentage very few people but they are powerful.”
“One of the losers is Africa whose capital flight flows mostly into the modern British spider`s web. We tend to think of Africa as being a huge net debtor to the rest of the world but at the end of 2008 the extent of debt owed by 33 sub-Saharan countries was $177 billion and yet the wealth these countries elites had moved off-shore between 1970 and 2008 is estimated at $944 billion.
Far from being a net-debtor, sub-Saharan Africa is a net-creditor to the rest of the world.”
Source: Independent POV
The Spider’s Web: Britain’s Second Empire (Documentary)
At the demise of empire, City of London financial interests created a web of secrecy jurisdictions that captured wealth from across the globe and hid it in a web of offshore islands. Today, up to half of global offshore wealth is hidden in British jurisdictions and Britain and its dependencies are the largest global players in the world of international finance.
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