We all know by now how the banking system works, using the Fractional Reserve Banking method to create money out of thin air, loan it out, register it as an asset and charge interest on the repayments. Instant wealth creation for the banks and their owners.
We also know that governments around the world bleed their citizens dry with taxes, which are then fed to corporations, banks and individuals by way of grants, subsidies or bailout funding of some sort.
We have also seen the statistic that states that the world’s 85 richest people own more of that wealth than the bottom half of humanity, some 3.5 billion people.
But what do these wealthy people do with it. Put it in a bank?.. Well yes and no, because most of the banks that you and I use are regulated and they don’t want their wealth within the grasp of officialdom. They use private banks, so private that most are completely unknown. They sit outside of any regulatory or supranational bodies and are therefore untouchable and untaxable, and we not talking here of a few millions, or even billions, these people have trillions tucked away.
And having accumulated all that wealth, how do they use it? By using the Shadow Banking system and unregulated brokers. “Shadow banking, as usually defined, comprises a diverse set of institutions and markets that, collectively, carry out traditional banking functions–but do so outside, or in ways only loosely linked to, the traditional system of regulated depository institutions. Examples of important components of the shadow banking system include securitization vehicles, asset-backed commercial paper (ABCP) conduits, money market mutual funds, markets for repurchase agreements (repos), investment banks, and mortgage companies.”
Shadow banking has grown in importance to rival traditional depository banking and was a primary factor in the subprime mortgage crisis of 2007-2008 and global recession that followed.
One such ‘Broker’ out of many in this unregulated and untaxed arena is Clement Associates, who pitch themselves thus.
Specialising in Gold, Platinum and Petrochemicals trading, Clement Associates leverages its worldwide presence to deliver exceptional execution and clearing services for private, commercial and institutional clients.
We also provide unparalleled expertise in equities, foreign exchange, commercial foreign exchange and alternative investment strategies. This comprehensive offering allows us to effectively and proactively respond to your most sophisticated trading and hedging needs.
Our commitment to partnering with each client is based on the concepts of high-quality personalized service and cutting-edge innovation. We are dedicated to empowering investors with integrated global-trading solutions and expert analysis.
Clement Associates keep themselves well clear of any regulation with their terms and conditions specifying the following:
The information and opinions provided on this Site are not intended and should not be distributed or used by, any person, firm or enterprise anywhere where distribution or use would be contrary to the laws or regulations of that jurisdiction or country or which might subject CLEMENT ASSOCIATES to any registration or government filing requirement.
Such a requirement to avoid any registration or government filing requirement would also mean that they remained outside of any tax jurisdiction. Just what the uber rich need, can’t be going paying taxes like the little people.
$100 million minimum investment, the sort of money it might not be an idea to put on the market or register anywhere, same goes for the procurement and sale of military equipment which Clement Associates also undertake.
No registrations, no addresses, no phone numbers, and no mention of legal jurisdictions in the T&C’s.
This is how the uber rich remain the uber rich, money just keeps making money and when you get to keep it all, none of it declared, none of it subject to taxation, we can see how the world’s wealth will keep heading in a single direction, up to those who have it and are keeping it to the detriment of the wider population.
Now before I finish this post, I come on to the matter of the man who supposedly runs Clement Associates. This is the fake ‘Lord’ Anthony Leitrim, aka Tony Clements, the ex Guards Polo Club coffee shop manager, whose LinkedIn profile provides the following information.
Lord Anthony Leitrim
Clements Associates International
September 1979 – Present (35 years 1 month) United Kingdom
International Merchant Venturer – seeking and procuring trade on an international basis at Ruling family, Government and Corporate levels, and high net worth individuals – ‘not’ to be confused with the ancient Bristol based Merchant Venturers order founded on the slave trade amongst other things…
And although his LinkedIn profile has a link to Clement Associates, it is my understanding that it’s just another front on his part, pretending to be something he is not.
Tony Clements aka the fake ‘Lord’ Leitrim.
It’s interesting that this fake ‘Lord’ is using a using a title made defunct in 1952, closed down by the FSA in 2005 for laundering Arab money, unregulated offshore investments and had his assets frozen for 2 years before moving his operation to Marbella in Spain, and I understand is under investigation again by Europol.
Over to Debrett’s: “This man who is calling himself Lord Leitrim hasn’t gone through the official channels and as far as we are concerned the title is extinct.”
http://www.dailymail.co.uk/columnists/article-352625/Theyre-changing-guards-Camilla.html Scroll down to ‘Lord Cappuccino – full of beans’.
Not all he’s cracked up to be this fake ‘Lord’, he likes to be photographed on big multimillion pound yachts or leaning on Rolls Royces but I can assure you none of them are his. He is just a well connected con-man and obsessive philanderer, who does rather well out of society balls and charity events to rub shoulders with the rich and famous, but in all reality he probably makes his cash laundering money for the underworld escapees now living in southern Spain.
Tony Clements aka ‘Lord’ Leitrim