WORLD ELITES EXPOSED 2: HOW TRILLIONAIRES HIDE THEIR MONEY

While the rest of us struggle to put anything resembling decent food on the table for our family, the world elite stay fat and happy, money concerns a thing of the past for them. But exactly how do these leeches stay ahead while the rest of us starve? There is a very simple answer for that: they steal the money out of our very pockets while simultaneously hiding their ill gotten gains from tax collectors worldwide. But not all of us are sheep and some of us are finding out exactly how they do it.

And now, here's how they accomplish it.

Mitt Romney, along with countless others, have millions upon millions stashed in Caymen Island banks. Before my slide into ill health and the loss of my job for unrelated illness reasons (they were cheap bastards who fired me and hired another person for half my salary), I had taken a trip there and loved it. Great place to vacation, by the way. But one thing I noticed were the overabundance of banks. Literally, you will have bank after bank on a street corner with hardly a Starbucks or Apple store in sight. That is telling.

Truth be told, people like Mitt Romney probably aren't secret trillionaires as these people would hardly ever run for President, realizing true power rests behind the scenes. As a result, the money he has in these offshore banks are infinitesimally small compared to others. According to research done by the IMF, the world elite are hiding 18 trillion dollars in offshore banks. And this is just in the Caymen Islands, Monaco, the Bahamas and like minded areas, not places like Switzerland or even private equity banks that have little oversight.

The BCCC scandal of the nineties was an eye opener in which global banks were discovered to be engaging in money laundering on an epic scale. When governments came down hard on the people involved, the criminals discovered if they ran governments as well, they wouldn't have to worry about them peering over the shoulder. Welcome to 2012.

In the Cayman Islands alone there is as much as $1.4 trillion being held with 80% of all international banking taking place through offshore banks. Estimates of a third to half of all wealth on the planet is being diverted through these banks. If that is true, think how much money we here in just the US are being cheated out of on taxes. The US says $100 billion but that number is laughably small with these kind of estimates. It is more likely at least five times that, if not more.

But what about Mitt Romney who says he follows the tax code? Here is what he said at a recent campaign stop "and if there's an opportunity to save taxes, we like anybody else in this country will follow that opportunity." In other words, if the tax system lets him cheat legally, why shouldn't he? Mainly because these tax loopholes you exploit aren't available to 99% of the population, and your tax dodging is killing this country. If you can afford it, it is your patriotic duty to pay taxes. It is a fact that the 99% get raped while the wealthy elite skate by with a fraction of what they should owe.

Bain Capital, Mitt Romney's firm and SuperPAC showrunner, has 138 different offshore accounts in just the Caymen Islands. A shell company Bain set up in the Caribbean was called Sankaty High Yield Investors Ltd. It did not have an office in Bermuda nor any staff. But it helped Bain Capital cheat the US out of millions in taxes. Like many "corporations" is places like Bermuda, it's nothing but a PO box, all of which is perfectly legal. It also impossible for someone of modest means to even attempt this. It is thievery plane and simple.

Romney and Bain Capital have all sorts of these offshore shell companies and bank accounts worldwide. So when Romney shows his taxes, chances are they don't paint the complete picture. Much like the trillionaires of the world, chances are Romney is worth much more than he is letting on. As his reported net worth is in the hundreds of millions, chances are he's worth closer to a billion if not more. Is this really the guy you think will fix things in this country? If you do, you really need to lay off the paint chip snacks. Obama may be bad, which he is, but Romney and the GOP will create a country you won't even recognize, especially if you're black, Muslim, gay, Hispanic or female. Do not forget that come election day.

Congress has tried to pass laws to end offshore banking but the wealthy elites have lobbyists and paid in pocket politicians (Cough, Mitch McConnell, wheeze, Nancy Pelosi, hack) and any step toward fixing things, like the Dodd/Frank act, get killed in committee and partisan bickering. In order to get out of paying taxes, many are renouncing their citizenship. Why pay 15% here, if I can become a citizen of Bermuda and pay 5%?

If we revamped our Kafkaesque tax system, which is driving business out of country like it was on fire, we could do things like balance the budget, pave our roads, and give Americans a much needed raise. But no, the Tea Party screams if we spend a dime on anything they don't approve of like infants crying for their mama. In future articles to come, I will spend more time on the offshore banks and what it means for the US. I will also show the downward spiral of the American worker and how things are going to get worse, not better, especially if the GOP gets their way.