BREAKING-LEAK:Identities+emails of rich hiding cash offshore $32trillion's worth

[tonto]

This is what ONE trillion dollars looks like, imagine 32 of these:

That'd be a fun time at the strip club!

[1715149636]

1715149636

[1715149636]

1715149636

[Kazu]

Of all those people controlling that fund, if just one out of 100 people decided maybe its a good time to put just 1% of his or her money into bitcoins, there isn't enough Bitcoins on Mt. Gox to satisfy the demand.

It doesn't seem completely radical to think that might happen.

[Gabi]

So these guys have 32 trillions and here we have to pay taxes over taxes, we have governments stealing money from the banks and so on... mmhh now i understand why there is a crysis

[Kazu]

So, does anybody know where the 32 trillion came from?

[Nemesis]

So, does anybody know where the 32 trillion came from?

trillions of WHAT?

USD?..... uh.,.... came from thin air?

[johnyj]

This again proved that money can be just saved without any corresponding goods/services. If all these money were chased out by governments, there will be super inflation on everything, but now it could be only super inflation on bitcoin

[rpietila]

The world system is rather fantastic at times. This will certainly be studied with amusement in the universities of the future.

[benjamindees]

So, does anybody know where the 32 trillion came from?

It's people.  Federal Reserve Notes is people.

[evoorhees]

I'm not saying seizure of funds is right, but neither is tax evasion

Tax evasion is absolutely morally justified. What is not justified, is theft.

People are justified in doing what they can to avoid wanton theft of their property by violent gangs calling themselves government. The fact that a group of people around you have voted for you to surrender your property is not moral justification for the taking of that property.

Unfortunately I still have to file as an American citizen, and I do it because otherwise I'll be thrown in a cage.

[tvbcof]

I'm not saying seizure of funds is right, but neither is tax evasion

Tax evasion is absolutely morally justified. What is not justified, is theft.

People are justified in doing what they can to avoid wanton theft of their property by violent gangs calling themselves government. The fact that a group of people around you have voted for you to surrender your property is not moral justification for the taking of that property.

Any of that money which is derived from stolen value should be fair game for redistribution in my opinion.  I would qualify that as money made by distributing environmental toxins to the masses, bribing officials for preferential treatment, and a host of other things.  And it includes money that one's grand-pappy accumulate in that manner.

Anyone who earned the money they stuffed into off-shore tax havens by digging a ditch is someone I'll feel bad for if it happens to be appropriated along with the savings, pensions, etc of the rest of us more lowly beings.

[mb300sd]

Wouldn't suddenly releasing even a small portion of that cause massive inflation? Since its hidden away and not interacting with the economy right now, its not part of the money supply, but if the owner decides to spend it or the government takes it its suddenly in circulation.

[Piper67]

Wouldn't suddenly releasing even a small portion of that cause massive inflation? Since its hidden away and not interacting with the economy right now, its not part of the money supply, but if the owner decides to spend it or the government takes it its suddenly in circulation.

Hmmm... I doubt this means there are 32 trillion physical dollars being stashed away somewhere. But it's true that if all this money suddenly resurfaced, it would become the great grandmother of all QE's

[tvbcof]

Wouldn't suddenly releasing even a small portion of that cause massive inflation? Since its hidden away and not interacting with the economy right now, its not part of the money supply, but if the owner decides to spend it or the government takes it its suddenly in circulation.

Hmmm... I doubt this means there are 32 trillion physical dollars being stashed away somewhere. But it's true that if all this money suddenly resurfaced, it would become the great grandmother of all QE's

This is true.  Obviously (I hope obviously) there is no reason for the US govt to 'spend' it.  Since they have a printing press it make no sense.  But the owners who might be looking at appropriation may be inclined to do so, and that would be a genuine threat to our way of life.  There may be no choice but to lock it down.  We'll see if the owners have enough politicians in their pockets to snake out of this.

[tvbcof]

Now how do we get some of that 32 trillion?

Buy BTC and hope that some of those funds flow in before they are locked.

[BIGMERVE]

Now how do we get some of that 32 trillion?

Join the government.

[Bimmerhead]

When the names are finally released it will be fascinating to see all the (champagne) socialists on there.  No doubt the lefties will make up the bulk of the list, but "capitalism" will get the rap.

As usual the Canadian part of the story is underwhelming: $800,000 

[tvbcof]

When the names are finally released it will be fascinating to see all the (champagne) socialists on there.  No doubt the lefties will make up the bulk of the list, but "capitalism" will get the rap.
...

Would not surprise me.  Most of the highly intelligent people I know are pretty left-wing, and it is easier to get ahead if one is bright.  Most of the right wingers I know are dolts who are in debt up to their eyebrows.  OTOH, lots of silver-spoon kids grow up to be right-wingers also and they may account for the bulk of the capital.

Now left-wing wealthy folks are probably less inclined to be tax cheats, but there will certainly be many exceptions to the rule.

If Assange is behind this, it could well be his get-out-of-jail-free card.  It makes me again wonder what might be in 'insurance.aes256'

[BTC Books]

When the names are finally released it will be fascinating to see all the (champagne) socialists on there.  No doubt the lefties will make up the bulk of the list, but "capitalism" will get the rap.
...

Would not surprise me.  Most of the highly intelligent people I know are pretty left-wing, and it is easier to get ahead if one is bright.  Most of the right wingers I know are dolts who are in debt up to their eyebrows.  OTOH, lots of silver-spoon kids grow up to be right-wingers also and they may account for the bulk of the capital.

Now left-wing wealthy folks are probably less inclined to be tax cheats, but there will certainly be many exceptions to the rule.

If Assange is behind this, it could well be his get-out-of-jail-free card.  It makes me again wonder what might be in 'insurance.aes256'

Artful, tvbcof.   

And I wonder if this might have been sparked - or even perhaps be a part of - Assange's insurance.  We've all learned quite a bit in the past few years about how - and especially how not - to release massively damaging information to the public.  It's a very interesting event.

[Bimmerhead]

OTOH, lots of silver-spoon kids grow up to be right-wingers also and they may account for the bulk of the capital.

Really?  Like those salt-of-the-earth Occupy types?

[malevolent]

When the names are finally released it will be fascinating to see all the (champagne) socialists on there.  No doubt the lefties will make up the bulk of the list, but "capitalism" will get the rap.
...

Would not surprise me.  Most of the highly intelligent people I know are pretty left-wing, and it is easier to get ahead if one is bright.  Most of the right wingers I know are dolts who are in debt up to their eyebrows.  OTOH, lots of silver-spoon kids grow up to be right-wingers also and they may account for the bulk of the capital.
Now left-wing wealthy folks are probably less inclined to be tax cheats, but there will certainly be many exceptions to the rule.

That's funny, the wealthy and intelligent people that I know are either right-wing or libertarian and those with the least money, state-dependent are usually more left-wing. Some of them are middle class, but none of the wealthy people that I know or have met personally are left-wing (those left-wingers who earned the money due to cronyism, nepotism or corruption which is not a rare occurence in my country are not counted here).

If Assange is behind this, it could well be his get-out-of-jail-free card.  It makes me again wonder what might be in 'insurance.aes256'

To be honest I wouldn't be surprised if there was nothing or not much in there but it was only announced to scare some people.