Panama Papers Exposed
Q. Can you do a reading on the "Panama Papers" that have recently been leaked? This is a document outlining people who have put funds into offshore accounts in order to hide their whereabouts. Putin among many world leaders look to be hiding funds in these accounts. What is going on?

http://www.cnbc.com/2016/04/04/what-the-panama-papers-mean-for-putin.html
http://www.usatoday.com/story/news/world/2016/04/04/panama-papers-list/82607516/
A. As I tune into these "papers" I first hear that money laundering and hiding money has been going on in some form since the beginning of civilization. Some did it for self preservation, others did it for greed and some did it for security.

As time evolved, new rules were introduced (laws, taxes, etc) and we became more international. Not only did leaders need to "play nice" with those around them, but they needed to abide by some worldly rules in order to survive and keep economies going. I see that not everyone agreed with the rules that they were forced to abide by, so they tried to to work the system to their advantage.

I get that some of the people listed in the papers hid their own money, but many obtained the funds through extortion, theft and scamming their own government/people. They then took the funds and used these offshore accounts in order to protect the funds from taxes. Basically, a lot of illegal and unethically obtained money was hidden and laundered through these accounts.

I see a huge investigation happening where each named person will have to account for their funds. I get that the IMF (or some kind of organization that is large and powerful like the IMF???) will somehow get involved. Some of the leaders will use power and connections to "hide," but many will endure a lengthy questioning process.

Putin stands out to me, and I see him undergoing some form of prosecution and having to pay back the funds. I also hear the word "retribution" so it sounds like something more will be expected of him as well.

These papers look to spark a long, slow investigation. I see it spanning over several months.

And that is all I have for this reading. Thank you.

at 7:09 PM

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IZAKOVIC