GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Sunday, November 23, 2014

HSBC charged with defrauding France of €181 billion in taxes

The Swiss arm of HSBC, the 2nd-largest bank in the world, has been charged in France with “illicit financial and banking practices”. The scale of the allegations is simply staggering: Over the years 2006 and 2007 HSBC is accused of helping clients commit tax fraud in France in the amount of 181 billion euros. Investigators said that in 2005 London-based HSBC helped some 100,000 wealthy customers and 20,000 corporations arrange offshore front companies in places like Panama or the British Virgin Islands in order to evade French taxes.

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