Today, a 3rd of all wealth in the world is in offshore banks in Monaco, Cayman Islands, Bermuda, Bahamas, and Isle of Man.
About $1.4 trillion is held in offshore banks in Cayman Islands alone.
According to Forbes magazine, a total of 15 to 20 trillion dollars are in offshore bank accounts, brokerage accounts and hedge fund portfolios.
All the world's biggest banks have branches in these tax havens to ensure that taxes on their ultra-rich clients are as light as possible.
Governments around the globe are missing out from this tax avoidance, at least in the hundreds of billions of dollars every year.
When the global elite want to do some "social engineering" in countries where they operate, they set up tax-free "charitable trusts" that aren't very "charity-oriented" at all. Rather, these "charitable trusts" push radical political and social agendas of these elitists.
Examples include The Rockefeller Foundation, The Ford Foundation and The Gates Foundation. George Soros uses entities like these to push his various political agendas.