Brazil | Greece | Panama Papers

Glenn Greenwald, Andrew Fishman, David Miranda: Brazil Is Engulfed by Ruling Class Corruption — and a Dangerous Subversion of Democracy (Intercept)

Brazil’s extraordinary political upheaval shares some similarities with the Trump-led political chaos in the U.S.: a sui generis, out-of-control circus unleashing instability and some rather dark forces, with a positive ending almost impossible to imagine. The once-remote prospect of President Dilma Rousseff’s impeachment now seems likely.
But one significant difference with the U.S. is that Brazil’s turmoil is not confined to one politician. The opposite is true, as Romero notes: “almost every corner of the political system [is] under the cloud of scandal.” That includes not only Rousseff’s moderately left-wing Workers Party, or PT — which is rife with serious corruption — but also the vast majority of the centrist and right-wing political and economic factions working to destroy PT, which are drowning in at least an equal amount of criminality. In other words, PT is indeed deeply corrupt and awash in criminal scandal, but so is virtually every political faction working to undermine it and vying to seize that party’s democratically obtained power…
Put simply, this is a campaign to subvert Brazil’s democratic outcomes by monied factions that have long hated the results of democratic elections, deceitfully marching under an anti-corruption banner: quite similar to the 1964 coup. Indeed, much of the Brazilian right longs for restoration of the military dictatorship, and factions at these “anti-corruption” protests have been openly calling for the end of democracy.
None of this is a defense of PT. Both because of genuine widespread corruption in that party and national economic woes, Dilma and PT are intensely unpopular among all classes and groups, even including the party’s working-class base. But the street protests — as undeniably large and energized as they have been — are driven by those who are traditionally hostile to PT.

Julian Assange: Destroy Greece: ΙΜF and Europe disagree on the method! (Defend Democracy Press)

Today, 2nd April 2016, WikiLeaks publishes the records of a 19 March 2016 teleconference between the top two IMF officials in charge of managing the Greek debt crisis – Poul Thomsen, the head of the IMF’s European Department, and Delia Velkouleskou, the IMF Mission Chief for Greece. The IMF anticipates a possible Greek default co-inciding with the United Kingdom’s referendum on whether it should leave the European Union (‘Brexit’).
“This is going to be a disaster” remarks Velkouleskou in the meeting.
According to the internal discussion, the IMF is planning to tell Germany that it will abandon the Troika (composed of the IMF, European Commission and the European Central Bank) if the IMF and the Commission fail to reach an agreement on Greek debt relief…
In August the IMF announced it would not participate in last year’s €86 billion Greek bailout, which was covered by EU member states. IMF Chief Christine Lagarde stated at the time that the IMF’s future participation was contingent on Greece receiving “significant debt relief” from creditors. Lagarde announced that a team would be sent to Greece, headed by Velkouleskou.
Thomsen said internally that the threat of an imminent financial catstrophe is needed to force the other players into a “decision point”. For Germany, on debt relief, and In the case of Greece, to accept the IMF’s austerity “measures,” — including raising taxes and cutting Greek pensions and working conditions.

Juliette Garside, Holly Watt, David Pegg: The Panama Papers: how the world’s rich and famous hide their money offshore (Guardian)

The hidden wealth of some of the world’s most prominent leaders, politicians and celebrities has been revealed by an unprecedented leak of millions of documents that show the myriad ways in which the rich can exploit secretive offshore tax regimes…
Twelve national leaders are among 143 politicians, their families and close associates from around the world known to have been using offshore tax havens…
The families of at least eight current and former members of China’s supreme ruling body, the politburo, have been found to have hidden wealth offshore.

The Panama Papers. Politicians, Criminals and the Rogue Industry That Hides Their Cash (International Consortium of Investigative Journalists)
Panama Papers. Die Geheimnisse des schmutzigen Geldes (Süddeutsche Zeitung)
Corporate Media Gatekeepers Protect Western 1% From Panama Leak (Craig Murray)

Whoever leaked the Mossack Fonseca papers appears motivated by a genuine desire to expose the system that enables the ultra wealthy to hide their massive stashes, often corruptly obtained and all involved in tax avoidance. These Panamanian lawyers hide the wealth of a significant proportion of the 1%, and the massive leak of their documents ought to be a wonderful thing.
Unfortunately the leaker has made the dreadful mistake of turning to the western corporate media to publicise the results. In consequence the first major story, published today by the Guardian, is all about Vladimir Putin and a cellist on the fiddle. As it happens I believe the story and have no doubt Putin is bent.
But why focus on Russia? Russian wealth is only a tiny minority of the money hidden away with the aid of Mossack Fonseca. In fact, it soon becomes obvious that the selective reporting is going to stink.
The Suddeutsche Zeitung, which received the leak, gives a detailed explanation of the methodology the corporate media used to search the files. The main search they have done is for names associated with breaking UN sanctions regimes. The Guardian reports this too and helpfully lists those countries as Zimbabwe, North Korea, Russia and Syria. The filtering of this Mossack Fonseca information by the corporate media follows a direct western governmental agenda. There is no mention at all of use of Mossack Fonseca by massive western corporations or western billionaires – the main customers. And the Guardian is quick to reassure that “much of the leaked material will remain private.”
What do you expect? The leak is being managed by the grandly but laughably named “International Consortium of Investigative Journalists”, which is funded and organised entirely by the USA’s Center for Public Integrity. Their funders include

  • Ford Foundation
  • Carnegie Endowment
  • Rockefeller Family Fund
  • W K Kellogg Foundation
  • Open Society Foundation (Soros)

among many others. Do not expect a genuine expose of western capitalism. The dirty secrets of western corporations will remain unpublished.

Robert Mackey: Panama Papers Leak Sparks Protests in Iceland Over Prime Minister’s Secret Finances (Intercept)

Glenn Greenwald: Fighting Israeli Occupying Forces Is “Terrorism.” Boycotting Is “Anti-Semitism.” What’s Allowed? (Intercept)

Leave a Reply

Your email address will not be published. Required fields are marked *