i live in the uk, i don't bank in the cayman islands...sts and i had a trust which was completely legal and was done according to all types of rules. it's not a question of whether it was legal. it's whether in the current climate of business and esg and the responsibility and sustainability agenda, many people around the world think tax avoidance — minimising the legal amount of tax you pay — is not right when it leads you to put your money in places like the cayman islands and jersey. i'm asking you — you used to do that, do you think it's right today? when the capital was set up — ie, the hedge fund — that was how things were done. in large american universities, this is the way they wanted to be structured. that's the easiest way to avoid what they call a �*double taxation�*. and that's what we did. i always pay tax to the uk for all my earnings. during my whole career, i have been doing it. the important things for the sovereign wealth fund is that companies pay tax where the earnings are made in, and it was also what i've done. it's

so why did you have these vehicles that were registered from the cayman island and jersey?ecause what i said which i mentioned earlier is that the clients of large endowments worldwide, that's where they want to be. let's take a bigger picture it look and how you run the fund. the fund has massive stakes in oil and gas companies around the world. i think still to the tune of some 27 billion dollars. now post glascow, cop 26 and the urgent need to de carbonised the world economy, are you sending a message that you will divest from oil and gas? no, we are not. nd i'll tell you why. in 2019 the oil fund divested the pure upstream oil companies. now, that was not for ethical reasons, that was because we wanted to have diversification risk. because the nation is so dependent on oil that it didn't make sense to have pure upstream top. we have kept the integrated oil companies and we think that the way to solve this problem is to have an active dialogue with the companies and be part of this transition, the energy transition. we don't — think somebody needs to own these companies

something in america, something overseas in the cayman islands, you will please thanks a call and say, hey, i'm ready to do some serious money laundry. ok. let's see how we did. wow, we've got a nice luxury watch for max and for stacy. oh, beautiful jewelry. and how about a bill again for mag, you know what? money one is higher, you don't watch either. ah, [000:00:00;00] a at the height of the 2020 corona virus pandemic mass media really covered stories from africa. the world was more interested in kind of it, and africa had far less infected people in europe. but one story got people's attention. newspapers reported that can you was having an elephant baby boom journalist link the unprecedented search in the elephant's birth rate, to tourists being restricted from the park. they said it was the more positive side of the lot down, but kind of it had nothing to do with my biggest fish. ok. so see 2018. we've got a fairly good chain and we have on auto versus female. so 202020 yeah. tentatively go tired, this baby will itself to huntington will seek more. rains means more food for the f

in the cayman islands, you never know all these banks are complicit in their club parker. so we just have to give him a call and say, hey, i'm ready to do some serious money laundry. ok, let's see how we did. well, we've got a nice laundry watch for max and for stacy. oh, beautiful jewelry. and how about ha ha. luxury automobile, again, for me, you know, it, money laundering is highly legal, don't be a record. the british and american governments have often been accused of destroying lives in their own interests. what you see in this, these techniques is the state devising methods to essentially destroy the personality of an individual by scientific means. this is how one doctor's theories were allegedly used in psychological warfare against prisoners deemed a danger to the state. that was the foundation for the method of psychological interrogation, psychological torture, sci, disseminated within the us intelligence community, and worldwide among allies for the next 30 years. and how to make them say they still live with the consequences today. oh, is your media reflectio

maybe something in europe, something in america, something overseas, in the cayman islands, in a row. all these banks are complicit in the club. barbara saying we just have to give them a call and say, hey, i'm ready to do some serious money laundry. ok, let's see how we did. well, we've got, oh, we've got a nice luxury watch for max and for stacy. oh, beautiful jewelry. and how about ha ha. luxury automobile again for mag? you know, it, money laundering is higher. you don't get much. ah, [000:00:00;00] with at the height of the 2020 corona virus pandemic mass media really covered stories from africa.

maybe something in europe, something in america, something overseas in the cayman islands, you know, all these banks are complicit in the procedure. we just have to give him a call and say, hey, i'm ready to do some serious my laundry. ok, let's see how we did. well, we've got a nice laundry watch for max and for stacy. oh, beautiful jewelry. and how about ha ha. luxury auto bill again for mac? hey, no money wondering is higher. the legal. don't watch report 100 mic. no, no. borders and the keys and you as a merge, we don't have a charity, we don't to look back, see, the whole world needs to take action to be ready. people are judgment, common crisis with we can do better, we should be doing better. everyone is contributing each in their own way, but we also know that this crisis will not go on forever. the challenge is great. the response has been massive. so many good people are helping us. it makes us feel very proud that we're in it together with ah, in the punishment wing known as india block, mohammed was isolated from all other detainees. sh, recorded the fritz because it's vi

maybe something in europe, something in america, something overseas, in the cayman islands, you never know all these banks are complicit in their property. we just have to give them a call and say, hey, i'm ready to do some serious money laundry. ok, let's see how we did. well, we've got a nice laundry watch for max and for stacy. oh, beautiful jewelry. and how about ha ha luxury on my bill again, for my, you know, it, money laundering is highly legal. don't be a with so the double membranes stretches which i like sacks, which capture, pushes the cytoplasm and then deliver them to water, the incinerator of the cell, the license for degradation. so that's what we'll talk to g m this hours headline stories. europe is bothered by a 4th cobit wave with germany considering mandatory vaccines. although the world health organization says jobs alone won't keep people say, we're concerned about the fullest sense of security that vaccines have ended. the fundamental o. unrest on looting gripped the french car at b in territory of guadalupe over itself. new coven restrictions fueling local hosti

maybe something in europe, something in america, something overseas in the cayman islands, you know, all these banks are complicit in the procedure. we just have to give them a call and say, hey, i'm ready to do some serious my laundry. ok, let's see how we did. well, we've got a nice laundry watch for max and for stacy. oh, beautiful jewelry. and how about ha ha luxury on my bill? again, for mag, you know, it, money laundering is highly regal. copier. watch has a record we're allowing ourselves to be more efficient for quicker with our transactions. but with that comes a trade off. every device is a potential entry point for security attack. any machine can be here. it's an extension of traditional time. the defenders have always been one step behind the attackers. with this one comes option in the offering. it's not a matter of if it happens, it's a matter of when who oh, why group monitors the compliance of all g, 20 members with their commitments. they made up their all last summer and what we have found is that a year later on the even the wrong, some countryside comply. unprece

maybe something in europe, something in america, something overseas, in the cayman islands, you never know all these banks are complicit in the club piper. so we just have to give them a call and say, hey, i'm ready to do some serious my laundry. ok, let's see how we did. well, we've got a nice laundry watch for max and for stacy. oh, beautiful jewelry. and how about ha luxury auto bill again for me? hey, no. money laundering is highly legal. don't be a record. ah, was the attacker collect that information? they can then crossed more focused attacks on that user, for example, the database and he can name it has potentially even the address of that person. it potentially also has an if you of where they've been in the last 6 months. so now if he creates a fishing attack on that individual, he can say we know you live at this address. we know you go to this work and that's building trust. if you build trust, you can expect more action from the user as part of that fishing. have obama? sure. what my mama, what do you feel? what the a good that as genia with this and i'm not going to some

maybe something in europe, something in america, something overseas in the cayman islands, you know, all these banks are complicit in the club. obviously we just have to give them a call and say, hey, i'm ready to do some serious money laundry. ok, let's see how we did. well, we've got a nice laundry watch for max and for stacy. oh, beautiful jewelry. and how about ha ha. luxury auto bill again for mag? you know, it, money laundering is highly regal. copier watch has a record ah ah, ah ah, there is a patch of water around the try, a seal island that's in contention between canada and united states, northern government has suddenly become optimal for lobster. our population here exploded one of the most valuable fisheries that's ever existed. suddenly you had made an canadian fisherman in these waters. at the same time jousting for position and attentions are high. violence is bound to happen. this is the last land border dispute between canada and the united states. it could be magnified to the part where there could be costs that would be significant to poke countries. border disput

maybe something in europe, something in america, something overseas in the cayman islands, you will please write a paper saying with, hey, i'm ready to do some serious my laundry. ok. let's see how we did. well, we've got a nice luxury watch for max and for stacy. oh, beautiful jewelry and how about ha ha. luxury automobile again for mag? you know, it, money laundering is highly regal. copier report? oh, that's hostile service. deliver is a 155000000000 pieces of mail every year. approximately 40 percent of the world's mail right now the us postal service is in the flight of its life to survey the dispatcher, bad financial shape. now facing default. the postal service is a cash cow, and there was a way to pull money out of the postal service to put into a federal budget. there was a mandate that you're bringing a $100000.00, new revenue every month. the nature of privatization in the us postal service is very much hidden from public view. it's privatization from the inside out. why that's a big business in money. it's not about the public and given them the service that they deserve. it's

maybe something in europe, something in america, something overseas, in the cayman islands, you know, all these banks are complicit in their club, barbara. so we decided to give him a call and say, hey, i'm ready to do some serious my laundry. okay, let's see how we did. wow, we've got, oh, we got a nice laundry watch for max and for stacy. oh, beautiful jewelry. and how about ha ha. luxury auto bill again for mag, you know, it, money laundering is highly regal. copier watch has a record. join me every thursday on the alex silent. sure. i'll be speaking to guess what the world politics, sport business. i'm show business. i'll see you then. mm hm. breaking news and r t. tensions all that border as a huge crowd of migrants move from their camp in bella, roost towards the polish frontier amid fears they may attempt to break through. we will be reporting live from the scene seconds from the north. a reporter on to 8 camera month from our sister channel, our t front sound been detained by polish police, opened the ballard roost border while covering the migrant crisis. we'll get into that

that has seen global temperatures threatening humanity joining me now from the cayman islands. where else is raoul pal, economic historian, and founder and ceo of global macro investor. all, thanks so much for coming back on before we get to crypto saving humanity. i suppose. i better ask whether we're going to see some kind of bitcoin or crypto a spike before the end of christmas. given the chinese communist party seems to have reversed its decision that they're gonna have some kind of referendum really on whether to use bitcoin or certainly allow mining of bitcoin in the largest p p g d p. country in the world. ah, yes. i think this mass scale adoption going on. so just for people to frame what's really going on here. this is the internet, back of 1997 had a 150000000 users. it was growing that 63 percent a year. it was the fastest adoption of any technology the world i've ever seen, or kind of familiar with that story. crypto current is 150000000 uses. the adoption rate is 113 percent a year. it's basically twice as fast as the fastest adoption of any technology in a recorde

maybe something in europe, something in america, something overseas, in the cayman islands, you never know all these banks are complicit in the club parker. so we just have to give them a call and say, hey, i'm ready to do some serious my laundry. okay, let's see how we did. well, we've got a nice luxury watch for max and for stacy. oh, beautiful jewelry. and how about ha luxury automobile again for mag, you know, it, money laundering is highly legal. don't be a cookie watch. has a record ah ah, ah, i'm african returns here. we're going underground, amid tore sleeves, allegations predicted stagflation and the new cold war. you'd be forgiven for thinking politics had gone back to the 20th century. well, just in time, to remind us how little has changed. the british film institute new season featuring the complete works of oscar nominated palm door and back to winning director mike lee. along with ken loach, he's one of the great chroniclers of the working class experience in britain, his films, which explore issues from gentrification to fetch, right. alienation to the people who massa

banks all set up here, maybe something in europe, something in america, something overseas in the cayman islands, you know, all these banks are complicit in the procedure. we just have to give him a call and say, hey, i'm ready to do some serious laundry. ok, let's see how we did. well, we've got a nice laundry watch for max and for stacy. oh, beautiful jewelry. and how about ha ha, luxury automobile again, for mag, you know, it, money laundering is highly regal. copier watch has a record the, the 1st clue into how the mid terms are going to look as well as a referendum on president biden's administration will be delivered tomorrow as virginians go to cast their ballots. will explain why the direction of both parties agendas is being determined by a single governor's race. and it goes to jeffrey, i've seen the strikes again this time ceo of one of the most powerful banks, resigns. we will, were you the latest? and if this could trigger more unmasking in the future, for those tide with the deceased pedophile and will leaders are gathering glasgow to talk about how to combat climate change. but th

in the cayman islands, you never know, all these banks are complicit in their piracy. we just have to give them a call and say, hey, i'm ready to do some serious my laundry. ok, let's see how we did. wow, we've got oh, we've got a nice laundry watch for max and for stacy. oh, beautiful jewelry. and how about how much my bill again for mag, you know it money wondering if i don't get a record ah ah ah ah, okay. aside from the economy, tolbert and climate change actually took up much of the agenda at this year's g. 20 summit in rome, and while the pandemic continued to be at the top of mind, the state of the planet eclipse to all other issues artes alex, a hell of edge has that the story. it was the perfect opportunity for a few photos and getting down to business. the g 20 summit in rome saw the leaders of the world's biggest economies come together in hopes of building a united front to tackle issues which concern us all at the top of the agenda this year was climate change. one country, which is already suffering from global warming, is russia addressing the sun it thr

maybe something in europe, something in america, something overseas in the cayman islands. you know, all these ranks are complicit in there to proceed with. hey, i'm ready to do some serious my laundry. ok, let's see how we did. well, we've got a nice luxury watch for max and for stacy. oh, beautiful jewelry. and how about ha ha. luxury auto bill? again for mag, you know, it, money laundering is highly regal. copier could watch either a the american affairs watching almost every minute of the trial was called written house last week for the same time, another high profile trial was just getting underway. and yeah, and no one can even seem to get a live picture of the defendant design maxwell, the long time business partner and accuse recruiter for jeffrey epstein is finally seeing her day in court to bring up on speed on what is happening in the court room said sadly, i think it's wrong, but the public is not allowed legally to watch her with her own eyes as we go. immediate analyst line our line. thanks for joining me. thank you. ok, my grievance about this not being allow

maybe something in europe, something in america, something overseas in the cayman islands. a. hey, i'm ready to do some serious money laundry. ok, let's see how we did. well, we've got a nice luxury watch for max and for stacy. oh, beautiful jewelry. and how about ha ha. luxury automobile again for mag, you know, it, money laundering is highly legal. a and people is something they can't ride on. police reports in all caps in december 2020, a group of anti finishes. sell out a film crew access for 3 months. i feel like if people are organization, if an idea that there must be a pose a channel out the gate while they may kill that faces. but they can say what they believe in. we believe in helping our community. we believe that fascism is one of the major threats to united states has gotten reuben, this is a chance to see who on t for a really are in order for me to extract my 1st amendment right and say that my life matter have to be on to the teacher that that's how america we can't trust the police, we chance was the government. we can't trust anyone except ourselves to prote

in the cayman islands, you never know all these banks are complicit in the regular piper saying with hey, i'm ready to do some serious money laundering. okay, let's see how we did. wow. we've got a nice luxury was for max and for stacy. oh, beautiful jewelry and how about ha ha luxury automobile again for mag? you know, it, money laundering is highly regal. copier watch? ah, ah, again, hundreds of people demonstrated in london after the deadline expired for care home staff to get fully inoculated against corona virus. with the ultimatum now enforced, those not vaccinated than will lose their jobs. he comes off for a separate decision to make vaccines obligatory for health care workers and social care is in england. the sectors face losing thousands of employees if they are not fully inoculated against covered by april next year, unless the medical exempt for it. so as we said, the deadline, though now for care, homework is, is past. some of them shared their concerns with us making the car was forcing it's like vaccine. it's just, it's just a step to fun. what, what's the next thing

maybe something in europe, something in america, something overseas, in the cayman islands, you never know all these banks are complicit in their piracy. we just have to give them a call and say, hey, i'm ready to do some serious my laundry. okay, let's see how we did. well, we've got, oh, we got a nice, nice room watch for max and for stacy. oh, beautiful jewelry. and how about how likely automobile again for mag, you know it money one is highly legal. doki cookies. oh is your media a reflection of reality? in a world transformed what will make you feel safe? isolation for community? are you going the right way or are you being led somewhere? direct. what is true? what is faith? in the world corrupted, you need to descend a join us in the depths or remain in the shallows. ah let the apology for begin, but for one it is not for the former administration, rather for the head of the car, we're going to give you the details on the lice president trip as well as her entourage.

maybe something in europe, something in america, something overseas in the cayman islands, you know, real well, these banks are complicit in their club piper. so we just have to give them a call and say, hey, i'm ready to do some serious my laundry. okay, let's see how we did. well, we've got a nice laundry watch for max and for stacy. oh, beautiful jewelry. and how about ha ha. luxury automobile again for mag? you know what? money laundering is highly legal. don't be a cook. watch has a record. oh, there's a patch of water around the try, a seal island that's in contention between canada and the united states, northern gulf and made it suddenly become optimal for lobster. our population here is exploded. one of the most valuable fisheries that's ever existed. suddenly you had me and canadian fishermen in these waters. at the same time jousting for position and attention are high, violence is bound to happen. this is the last land border dispute between canada and the united states. it could be magnified to the point where there could be costs that would be significant to poke countr

all set up here, maybe something in europe, something in america, something overseas, in the cayman islands, you never know all these banks are complicit in the policy and we just have to give them a call and say, hey, i'm ready to do some serious my laundry. ok. let's see how we did. well, we've got a nice luxury watch for max and for stacy. oh, beautiful jewelry. and how about ha luxury automobile again for mag? you know it money wondering if i don't get a ah, [000:00:00;00] with whom bus to one business show you can't afford to miss. i'm been swan member and to bore in washington here. so we have coming up cash strapped to china. ever grand group plans to sell an entire stake and hank, 10 network taking a at the loss of more than $1000000000.00 as it aims to pay off debt. however, s and p says a default is still highly likely. we'll discuss how the situation can create a contagion effect in the global economy. then corporate giants are using inflation as an excuse to rate prices resulting in bigger profit. we'll discuss how the tax is actually making the problem worse. and if we be able

bags all set up here, maybe something in europe, something in america, something overseas in the cayman islands. you know, all these rights are complicit in the procedure. we just have to give him a call and say, hey, i'm ready to do some serious my laundry. ok, let's see how we did. well, we've got a nice laundry watch for stacy. oh, beautiful jewelry. and how about ha ha, luxury automobile again for mag, you know, it, money laundering is higher, legal. don't watch as a record. and people is something they can't ride on police report. it's an all cash in december 2020 a group of anti fascist. sell out a film crew access for 3 months. so like if people, organization, if an idea that it must be opposed that channel out the game while they may kill their faces. but they can say what they believe in. we believe in helping our community. we believe that fascism is one of the major threats to united states as gotten reuben. this is a chance to see who on t for really are in order for me to extract my 1st amendment right and say that my life matter, i have to be on to the teacher. that's all american

maybe something in europe, something in america, something overseas, in the cayman islands, you never know all these banks are complicit in their piracy. we just have to give them a call and say, hey, i'm ready to do some serious my laundry. ok, let's see how we did. well, we've got a nice laundry watch for max and for stacy. oh, beautiful jewelry. and how about how much my bill again for mag, you know it money order is highly legal. don't be a cookie. much kind oh, driven by drink shapes, banks, concur. some of those with dares sinks. we dare to ask a welcome back. i'm still here with james having over a fill be in beirut. the one problem here is that they're not releasing papers. nicholas elliot, his best friend of the intelligence services, were to memoir the intelligence of his. he was in 2021 to help publish it. why? well, 11 spy experts said to me, am i 6 never reveals anything because it's bad for business. it's just, it sets a bad precedent if you release anything, then you are undermining the face in off potentials when they do selectively stuff gets to journalists and so on.

this many of these are actually cayman island issuers who entered into her rent was variable interestrrangements with china companies and so it could grow. but actually we could has the disclosures around the so-called structures. >> my remaining time, all of them to go you stated the investors advisory committees, the commission staff to work on new disclosure requirements. have you gotten the recommendations yet and if not - >> i have gotten them in terms of preliminary recommendations but only full role that i can put in front of my commissioners but i can say that we can try to address some of these larger issues around the fact that the retail public really well these are very costly vehicles were companies raise money for the retail investing public rated winter transparency and address some of the complex but i could follow-up as to which month i think the be in front of our commission. >> thank you the gentleman from new york is now recognized for five minutes. [inaudible]. >> thank you, it is a pleasure to see you and have a question about neither admit or deny policy, do you

, to interested parties that have come together to transform south dakota into this brand—new cayman islandsl who have a little bit of dirty money burning holes in their pockets to get to be hidden, mood, laundered while nonetheless being controlled by those same individuals without any of us being able to track any of those funds to themselves or that you have this kind of demand—side for these financial secrecy mechanisms. all the other hand right here in the united states of america you have legislators in these smaller states and these kind of overlook states that don't have a lot of the domestic economy, a lot of natural resources or manufacturing base that are looking for ways to raise revenues themselves and realising they can do that by creating this kind of financial secrecy architecture within the states themselves with that bet is to say themselves with that bet is to say the us remains a federal apology, these individual american states still have certain abilities to create this sort of financial secrecy, tools, provisions and protections that as we see is south dakota, the stat

it could grow if there are more companies from china or there are affiliated companies in the cayman islandsd their arrangements, arrangements to china's companies so it could grow. we had the fcc put a pause on that so we could analyze the v east rupture. >> a couple of months ago you stated that the assessment of the committee were bad. [inaudible] i've got the preliminary recommendation but not a full rule that i can put in front of my commissioners, but we could address some of these issues around the fact that the public -- these are costly vehicles for companies to raise money, for the retailing public, so with greater transparency to address the cost, i can set at what month it could be in front of our commission. >> the gentleman from new york is recognized for five minutes. sir? >> hello? >> mr. tory? you are recognized for five minutes. >> thank you madam chair. it's a pleasure to be here. avid question about this. if you find that a company has been doing laundry [inaudible] >> i think you raise an important point for agencies like ours, law enforcement agencies. with a group of l

it could grow if there is more companies from china or there are affiliated companies in the cayman islands. because many of these are actually camen island issuers that enter into arrangements called verable interest arrangements with china companies. it could grow. we actually -- we put at the serk put a pause on this until we could enhance the disclosures around the so-called v.i.e. structures. >> lastly chair, with my remaining time, a couple of months ago you stated before the investor advisory committee that you wanted to to permission your staff to work on new disclosure requirements for spacs. have you gotten the recommendations yet and if not when do you expect them. >> i've gotten them in terms of preliminary recommendations but not a full rule that i can put in front of my fellow commissioners. but i think we can try to address some of the disclosure issues around the spacs that the retail public really -- these are very costly vehicles for companies to raise money for the retail investing public. i think we can bring greater transparency and address some of the conflicts. but i