How Difficult Is It for Swiss Banks to Hide Funds for the Super-Rich?

Banks in general have a bad reputation with some more than others. Some, such as those owned by the Rothschilds and Rockerfellers, are blamed by conspiracy theorists for pretty much a big chunk of the world’s ills.

Currently we have a busted financial system and the U.S. sadly has a bought Congress which is seemingly happy to send future generations of Americans to the cleaners before they’re even born.

But anyway, let’s get back on topic as per headline.

Recently the Swiss branch of HSBC was caught with their pants down after a former employee made public details of super-rich clients who avoided tax payments with their help.

So how is it possible for the super-rich to hide away large chunks of money with the help of these banking entities such as UBS and HSBC while the rest of us are taxed into poverty?

See the above video for a brief run down on that.

We have to presume the HSBC scandal is but the tip of a rather large iceberg.

It would be nice if we could take money out of politics so the bankers could be relegated to where they belong. Wishful thinking?

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