When Liz Truss finally stood up in parliament to announce the “List to Hit the Oligarchs”, the British Foreign Secretary said she wanted a situation where they did not have access to their money, their trade can not flow, their ships can not dock and their planes can not land, “it was her speech, along with others in the House of Commons representing the Russian” oligarchy “(political power exclusively in the hands of a small part of the society, distinguished by money, descent or army, criticized) power) and their collaborators, is just an excellent example of how Vladimir Putin’s brutal attack on Ukraine brought to light the well-known phenomenon, as “London degree”.
The Financial Times newspaper in a report refuted the extent to which the wealth and influence of the “oligarchs” were rooted in London and America by reviewing daring books that refuted their invasion of Britain and America, and the newspaper said, he may finally start looking at the hot homeland provided by the British institution and its financial system for dirty money. From the post-Soviet sphere and beyond the embarrassment, and worse, what it creates, she added, take for example Dmitriy Vertash, who was unveiled in 2006 as the partial owner of the company that handles Ukrainian-Russian gas shipments, which has long maintained Moscow’s control. In Kiev, after spending lavishly on everything from luxury homes to Cambridge scholarships and political donations, Fertash’s social status in the UK seems to have no limits, he was welcomed by MPs and hand shook with the Duke of Edinburgh, until he was arrested in Austria by the office of The FBI is under a charge of corruption.
The newspaper added that the excellent reports over the past decade have revealed how corrupt elites from around the world have laundered and looted money in the West. Pollough, the British, to describe. expert on money laundering who previously lived in Russia, and who described Western countries in his novels as employed by the “oligarchy”, books that did not get the attention they deserved, he said.The Financial Times, which indicated said a number of new accounts were beginning to change that, said the timing of these stories could not be better, and that the tightening of sanctions on Putin’s friends had become a preferred weapon to ward off the West’s aggression.
“Butler to the world”
The newspaper quoted the book “Butler to the World”, or “Servant to the World” by “Oliver Pollough”, in which the author talks about the “oligarchic paradise” in the United Kingdom, and in the comic book series “Bertram Wilberforce Wooster “. , which he created British author BJ, worshiped by thousands of British readers, talks about “oligarchs” in a very funny but also dangerous comic environment, and tells how Britain is ready to serve all entrants as long as they pay enough.
The newspaper says Pologh takes her account seriously, so much so that he enrolled in a real ministry school (he was fired after a flower decorating class, as soon as the school found out he was a money laundering researcher). In Bolog’s book, the servant, a metaphor for British authorities, accepts deposits from the corrupt of the world, buys them (luxury) housing, educates their children and honors them in every respect from naming rights at Britain’s world-class universities to royal patronage, as well as providing for the needs of All, the minor needs the power of the super-rich that he may need.
It all started, in Pollough’s highly readable books, beginning with Britain’s disastrous military adventure at Suez in 1956, when it joined forces with France and Israel in an effort to derail Egypt’s nationalization of the Channel, and ended in humiliation ended when American opposition exposed Britain’s post. -war strategic deficit. His thesis is that the “servants” after the strategic withdrawal became the response to US Secretary of State Dean Acheson’s challenge that Britain “has lost an empire but has not yet found a role for it”, and the role will be to facilitate the flow of money around the world, without asking questions.
To pump money into the financial veins of London
The Financial Times says that several factors combined to achieve this, describing the city of London in the post-war period, determined to isolate itself from government regulations, ready to embrace innovations that could mean good business for financiers, and highlights how in a world Short on hard currency, the retention of dollars was the way Washington got London to give up the Suez Canal, and there was a lot to like about allowing cross-border cash flow that escaped national regulation . For Polog, whose previous book, Moneyland, explored corruption in the global financial system, the rise of the euro-dollar system of dollar transfers abroad and Britain’s deceptive role is two sides of the same dirty coin.
Then there was the liquidation of the British Empire, “If Westminster was the head of the British Empire, then the City of London was his heart,” Pollough writes, pumping money into financial veins that stretched to every continent and every city on earth. . In Bolog, “The Servants” came to the rescue of Britain’s finances, while “Butler to the World” abounded with stories of how former or remaining imperial outposts, from the British Virgin Islands to Gibraltar, rediscovered themselves as places to make or escape money Clumsy rules.
America and loopholes in money laundering laws
The book “American Kleptocracy” or “American Thieves’ Rule” by the corruption researcher Casey Michel gives the United States the same treatment as Pollough treats the United Kingdom, and therefore, if you read the two together, according to the newspaper, one does something skeptical of Pollough’s thesis that the UK has uniquely spoiled the supply of dirty money, as Michelle explains, some of the world’s deepest tax havens are the US states, including not just Delaware (the inventor of shell companies, according to the author ) but also Nevada, South Dakota and Wyoming.
Like Bulog, Michele deftly recounts the tragic outcomes when outside despots encounter serviceable financial and legal systems, such as Teodoro Nguema Obiang Mange’s “dictator bling” by Teodoro Nguema Obiang Mange, the son of a hateful African president known for his dozens of luxuries cars and boats, friendships with American pop stars and a collection of Michael Jackson memorabilia.
Michelle gives Washington a much more unequal rating than state governments, which is a relative compliment in this context, but Washington is guilty of leaving too many loopholes in decent money laundering laws for a number of transactions and professions, especially real estate. , just one example from Michelle’s book, Trump Soho The New York Building that is most closely associated with the entire Donald Trump family, with 77 percent of unit sales going to buyers who match money laundering profiles.
These two books will leave the reader in no doubt that the United States and the United Kingdom have a large class of “supporters”, or service providers such as bankers, lawyers, real estate agents, accountants and public relations consultants needed to give dirt. money a good home, and that term gives the title to another book of its kind.The Enablers and Enablers, the international financier category, was denounced by Frank Vogel, a former economic journalist and communications consultant for financial institutions.
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The paper says the U.S. enabling class may be the most dangerous, given its impact on the policies of a stronger country, but the United States has successful champions in Michelle’s research, ranging from the late Senator Carl Levin, who advocates anti-money laundering regulations. to the Patriot Act after September 11 (September), to the upset investigators who tracked down Obiang’s money and the Justice Department’s unit to seize corrupt assets, and most recently, a bipartisan congressional vote that last year anonymous shell companies banned, and the Joe Biden administration committed to the anti-corruption agenda.
By contrast, Pollough’s protagonists are few and far between, and far less powerful than Michelle’s: sub-representatives without the staff of U.S. lawmakers, or lack of regulators, while Pollough makes a good case that there is something particularly conducive to “” Fraud. “in Britain’s peculiar composition, the country’s unwritten social symbols, its exclusive solidarity with the upper class and its silent obsession with money, the imitation of common law and resistance to codified rules, all come together to stem oppression, or even desire .
attack on Ukraine
“Do not tell other knights how to act,” writes the author in Britain’s financial elite, and so the ancient features of British law, from Scottish limited partnerships to private criminal trials, have become ideal tools for fraudsters to steal their money. and to hide silence. their critics, and Pollough and Michelle’s books are commendable for overcoming this. Moral preaching and pointing out that an industry that is focused on empowering the corrupt is not only hateful, but can harm a country’s real economic prospects. In her research and novels, Michelle explains how abandoned factories in the American Rust Belt have strangely turned into channels to wash dirty money, and how 20 investors from the Jewish community of Orthodox Miami turn up, robbed of industrial or corporate experience, but flush with money which according to the US authorities stem from Ukrainian corruption, will overpay the prospects of factories and metal buildings in isolated water communities desperate for investment from outside, she adds.They are indifferent to development, all they need is security and freedom that social ownership offers Mysterious conditions of land and property.
The newspaper added that the attack on Ukraine shows how the empowering industries in America and Britain (although they are not alone in this empowerment) pose clear international security risks, and says it is astonishing that it will require a war in Europe for politicians be aware of this, and it says credit goes to the writers who continue to lift the veil on the inappropriate parts of the financial services industry, and urge us all not to lose sight of it, adding that there are signs that governments are urged to end their addiction to dirty money flow.
She concluded by reading these books that the reader realizes that we are still far from accountable, and she adds that despite the current sanctions, the reader will at least not believe that things have changed before he do not see.