Tens of trillions of dollars are siphoned offshore & put into secret private bank accounts, analyst tells RT’s Keiser Report
“We know that literally tens of trillions (of dollars) have been siphoned into offshore havens, taken out of circulation, I mean put into these private secret bank accounts,” he says.
According to Yiamouyiannis, the motivation for this is greed and knowing that you are stealing, and you have to hide stuff that you steal. What happens when you withdraw currency value and you basically store it away outside the economy is that you impoverish everything, the analyst explains.
“They do that on a microscale with companies,” and eventually they bankrupt those companies, “they are creating essentially a worldwide productive bankruptcy,” Yiamouyiannis concludes.
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