http://theeconomiccollapseblog.com/archives/the-global-elite-are-...

http://theeconomiccollapseblog.com/archives/the-global-elite-are-hiding-18-trillion-dollars-in-offshore-banks

"According to shocking research done by the IMF, the global elite are holding a total of 18 trillion dollars in offshore banks. And that figure does not even count any money being held in Switzerland. That is a staggering amount of money. Keep in mind that U.S. GDP in 2010 was only 14.58 trillion dollars."

"The amount of money that goes through these offshore banks is absolutely astounding.

It has been estimated that 80 percent of all international banking transactions take place through these offshore banks. $1.4 trillion is being held in offshore banks in the Cayman Islands alone.

One article in the Guardian estimated that a third of all the wealth on the entire globe is being held in offshore banks, and others believe that as much as half of all the capital in the world flows through offshore banks at some point."


MY COMMENT: And people like Warren Buffet claim to want to solve the debt problems by taxing the rich. By "rich" they mean people earning $100k per year, officially destroying the middle class.