Countries in the Axis of Evil that are ruining the World

From what I am reading in the major newspapers of the world, there is incontrovertible evidence that there are some countries that are evil by all standards. The countries are:

1. Switzerland
2. Saudi Arabia and
3. China.

1. SWITZERLAND: Their banks hold the vast unaccounted wealth of the richest people in the world, the dictators, drug lords, criminals and basically anyone who wants to hide cash that he does not want to disclose to avoid paying the taxes due to his respective country. The Swiss are now saying that they have relaxed the rules to make it easier for governments to get information about their respective citizens, but they have made the procedure so stringent and time consuming that most government spend huge sums of money and time because of the legal stonwalling in place.

Likewise there are other tax havens such as Liechtenstein, Monaco, Andorra, Channel Islands and Isle of man. Even Singapore and Dubai are classed as tax havens.

The Tax Justice Network, an international group that campaigns against tax avoidance estimates that some $11. 5 trillion is held in havens , with $250 billion in tax avoided every year. It is estimated that one per cent of the world’s population holds more than 57 per cent of total global wealth, routing it invariably through these tax havens.

According to the Swiss Banking Association report 2006, bank deposits by Indian Nationals in the territory of Switzerland totalled a mind boggling US$ 1,456 Billion.The Swiss Bankers Association quoting Swiss National Bank figures said the value of securities in custody accounts of the country’s banks stood at 3.82 trillion Swiss francs (about $3.35 trillion) in 2008. That means half of the money comes from India! Just to give you a fair idea, only the interest on this amount is more than the annual budget of the Indian Government!

Incidentally, Switzerland is one of the richest countries in the world by per capita gross domestic product, with a nominal per capita GDP of $67,384.Zurich and Geneva have respectively been ranked as having the second and third highest quality of life in the world.

The fortunes of the Swiss banking system changed remarkably for the better after World War II and is linked to the unclaimed millions of dollars of Jewish Holocaust victims. The Swiss have claimed that only US$ 32 million can be traced to 775 dormant accounts. Because unlike US and Indian laws where unclaimed money is handed over to the respective government, the Swiss Banks are allowed to keep the money after an unclaimed period of 20 years. The US is not serious about streamling the Swiss because the Swiss banking system is a huge lender to the US.

2. SAUDI ARABIA: The monarchy that rules Saudi Arabia supports the most fundamentalist form of religious intolerance to any other religion besides their own. While they cannot openly support this they clandestinely fund organisations the world over towards this end. Their ultimate aim is to have a single religion world. The tribe of Saud came into power, formed the Royal Kingdom of Saudi Arabia, and remains in power today, due primarily to it’s longstanding partnership with the Wahhabi sect of Islam centered in the Najd region (which includes Riyadh). For more than two centuries, Wahhabism has been Saudi Arabia’s dominant faith. It is an austere form of Islam that insists on a literal interpretation of the Koran. Strict Wahhabis believe that all those who don’t practice their form of Islam are heathens and enemies. Critics say that Wahhabism’s rigidity has led it to misinterpret and distort Islam, pointing to extremists such as Osama bin Laden and the Taliban. Wahhabism’s explosive growth began in the 1970s when Saudi charities started funding Wahhabi schools (madrassas) and mosques from Islamabad to Culver City, California.It is this sect which supports all the muslim extremists around the world. It is these “Islamic schools” that serve as fertile breeding grounds for the recruitment of future terrorists. And it is where young students are brainwashed on a curriculum of hatred for Western values, in general, and Israel and the U.S. in particular.”

Spreading Islam throughout the world is emphasized on numerous occasions in the official Saudi document authored by the Higher Committee for Educational Policy. For example, students are taught: “to plant and spread the Islamic creed,”and that “preaching of Islam throughout the world “is the duty of the state and its citizens.” The Saudi curriculum also educates students on the importance of “propagating Islam in all areas of our globe, with wisdom and sound preaching.”

On March 1, 2002, ‘Ayn-Al-Yaqeen, a weekly news magazine published online by the Saudi royal family, detailed the efforts of the Saudi royal family to spread Islam throughout the world.The article states, “The cost of King Fahd’s efforts in this field has been astronomical, amounting to many billions of Saudi riyals. In terms of Islamic institutions, the result is some 210 Islamic centers wholly or partly financed by Saudi Arabia, more than 1,500 mosques and 202 colleges and almost 2,000 schools for educating Muslim children in non-Islamic countries in Europe, North and South America, Australia, and Asia.”

According to ‘Ayn-Al-Yaqeen, the list of countries where the Saudis have established schools includes (among others): the United States, Canada, Great Britain, France, Russia, Germany, Switzerland, Australia, Belgium, New Zealand, Spain, Austria, Scotland, Italy, Croatia, Bosnia, Hungary, Afghanistan, Pakistan, Egypt, Palestinian Territories, Jordan, Lebanon, Yemen, Japan, Indonesia, South Korea, Thailand, Malaysia, Bangladesh, Burundi, Fiji, Azerbaijan, Kurdistan, Algeria, Nigeria, Chad, Kenya, Cameroon, Senegal, Uganda, Mali, Somalia, Sudan, Brazil, Eritrea, and Djibouti.

3.CHINA: This country is the most diabolical of all. They blatantly support despotic regimes in Zimbabve, Myanmar,Somalia and North Korea in exchange for raw materials available in the respective countries.They are now financially and militarily supporting Sri Lanka. They are building a modern port in the south at a cost of 1 billion USD so that they can have docking facilities for their naval vessels. China aims to take over the world by bringing economic ruin by way of much cheaper goods that are indirectly subsidised by their government. China holds 700 Billion USD of US bonds and can use this to bring the US financially to its knees.

China’s government-owned enterprises are buying companies, technology and resources worldwide. This year they have spent $13 billion in Europe, and plan new investments in the United States. China has struck long-term oil contracts with Brazil and Russia, and is angling for a more than $20 billion stake in three Australian mining companies.
China holds $1 trillion in United States government debt, and that is but half the foreign reserves generated by its huge trade surplus and investment inflows. The rest of the West owes China money, too.

Even China’s unquestioned economic clout comes with an asterisk. While Chinese megacities boom and the country’s coast has become the world’s factory, 800 million of the nation’s 1.3 billion citizens remain farmers, many mired in poverty. China remains a developing nation, still vying for first-world status.

China has the world’s largest foreign exchange reserves, valued at nearly $2 trillion, with more than half of those holdings estimated to be made up of United States Treasuries and other dollar-denominated bonds.

Chinese consumers have played a comparatively small part. Their spending accounts for just 35 percent of China’s gross domestic product, compared with more than two-thirds for consumers in the United States.

They save for good reason: at least one-fourth of the population has no health insurance at all, according to official estimates. Hundreds of millions of others face crippling bills for treatment of serious illnesses that are not covered by rudimentary insurance programs. Public pensions cover less than one-third of workers. An estimated 130 million migrant workers are not protected by unemployment insurance. Payments to the poor reach only a fraction of those eligible, according to the China Development Research Foundation, a nonprofit group.

As Washington tries to rebuild its strained relationships in Latin America, China is stepping in vigorously, offering countries across the region large amounts of money while they struggle with sharply slowing economies, a plunge in commodity prices and restricted access to credit.

In recent weeks, China has been negotiating deals to double a development fund in Venezuela to $12 billion, lend Ecuador at least $1 billion to build a hydroelectric plant, provide Argentina with access to more than $10 billion in Chinese currency and lend Brazil’s national oil company $10 billion. The deals largely focus on China locking in natural resources like oil for years to come.

China’s trade with Latin America has grown quickly this decade, making it the region’s second largest trading partner after the United States. But the size and scope of these loans point to a deeper engagement with Latin America at a time when the Obama administration is starting to address the erosion of Washington’s influence in the hemisphere.
“This is how the balance of power shifts quietly during times of crisis,” said David Rothkopf, a former Commerce Department official in the Clinton administration. “The loans are an example of the checkbook power in the world moving to new places, with the Chinese becoming more active.”

Mr. Obama will meet with leaders from the region this weekend. They will discuss the economic crisis, including a plan to replenish the Inter-American Development Bank, a Washington-based pillar of clout that has suffered losses from the financial crisis. Leaders at the summit meeting are also expected to push Mr. Obama to further loosen the United States policy toward Cuba.

Meanwhile, China is rapidly increasing its lending in Latin America as it pursues not only long-term access to commodities like soybeans and iron ore, but also an alternative to investing in United States Treasury notes.

One of China’s new deals in Latin America, the $10 billion arrangement with Argentina, would allow Argentina reliable access to Chinese currency to help pay for imports from China. It may also help lead the way to China’s currency to eventually be used as an alternate reserve currency. The deal follows similar ones China has struck with countries like South Korea, Indonesia and Belarus.
As the financial crisis began to whipsaw international markets last year, the Federal Reserve made its own currency arrangements with central banks around the world, allocating $30 billion each to Brazil and Mexico. (Brazil has opted not to tap it for now.) But smaller economies in the region, including Argentina, which has been trying to dispel doubts about its ability to meet its international debt payments, were left out of those agreements.

Details of the Chinese deal with Argentina are still being ironed out, but an official at Argentina’s central bank said it would allow Argentina to avoid using scarce dollars for all its international transactions. The takeover of billions of dollars in private pension funds, among other moves, led Argentines to pull the equivalent of nearly $23 billion, much of it in dollars, out of the country last year.

Dante Sica, the lead economist at Abeceb, a consulting firm in Buenos Aires, said the Chinese overtures in the region were made possible by the “lack of attention that the United States showed to Latin America during the entire Bush administration.”
China is also seizing opportunities in Latin America when traditional lenders over which the United States holds some sway, like the Inter-American Development Bank, are pushing up against their limits.

Just one of China’s planned loans, the $10 billion for Brazil’s national oil company, is almost as much as the $11.2 billion in all approved financing by the Inter-American Bank in 2008. Brazil is expected to use the loan for offshore exploration, while agreeing to export as much as 100,000 barrels of oil a day to China, according to the oil company.

The Inter-American bank, in which the United States has de facto veto power in some matters, is trying to triple its capital and increase lending to $18 billion this year. But the replenishment involves delicate negotiations among member nations, made all the more difficult after the bank lost almost $1 billion last year.

China will also have a role in these talks, having become a member of the bank this year.

China has also pushed into Latin American countries where the United States has negligible influence, like Venezuela.

In February, China’s vice president, Xi Jinping, traveled to Caracas to meet with President Hugo Chavez. The two men announced that a Chinese-backed development fund based here would grow to $12 billion from $6 billion, giving Venezuela access to hard currency while agreeing to increase oil shipments to China to one million barrels a day from a level of about 380,000 barrels.

Mr. Chavez’s government contends the Chinese aid differs from other multilateral loans because it comes without strings attached, like scrutiny of internal finances. But the Chinese fund has generated criticism among his opponents, who view it as an affront to Venezuela’s sovereignty.

“The fund is a swindle to the nation,” said Luis Diaz, a lawmaker who claims that China locked in low prices for the oil Venezuela is using as repayment.

Despite forging ties to Venezuela and extending loans to other nations that have chafed at Washingtonis clout, Beijing has bolstered its presence without bombast, perhaps out of an awareness that its relationship with the United States is still of paramount importance. But this deference may not last.

“This is China playing the long game,” said Gregory Chin, a political scientist at York University in Toronto. “If this ultimately translates into political influence, then that is how the game is played.”

The U.S.of A. by virtue of being the biggest trading partner of both China and Saudi Arabia is forced to turn a blind eye to their nefarious activities and is therfore a willing accomplice. The Americans also cannot afford to antagonise Switzerland due to the unpalatable fact that many of their major banks have subsidiaries in Switzerland and other tax havens. Citigroup, which is now part-owned by American taxpayers, is estimated to have more than 400 offshore subsidiaries spread across the Cayman Islands, the British Virgin Islands and Luxembourg. Many of these offshore companies are securitisation trusts that were used by the banks to sell sub-prime mortgages to hedge funds. Others are linked to collateralised-debt obligations (CDOs) and other derivative structures that have helped bring down the banking system. Goldman Sachs and Morgan Stanley, the American banks, have registered dozens of companies at Ugland House over the years — many related to their derivatives or private-equity operations. Ugland House is a five story building in the Cayman Islands capital Georgetown. Ugland House is officially home to more than 18,000 companies, yet only 241 people work there. According to Obama it is “either the biggest building in the world or the biggest tax scam in the world”. It is a similar story elsewhere in George Town. In total, for every person in the Cayman Islands, there are two companies and about five investment funds registered there.

Antigua, another Caribbean tax haven, was home to Allen Stanford’s alleged $8 billion fraud. Much of the money that was channelled into Bernard Madoff’s funds passed first through investment vehicles registered in places such as Switzerland and Luxembourg. Even the U.K. Is a willing accomplice in the tax havens. Royal Bank of Scotland owns 238 offshore companies, including 66 in the Cayman Islands and 30 in Jersey. It even prints the banknotes for the Isle of Man. Lloyds Banking Group, which is in talks with the government over the taxpayer taking a greater stake, owns 125 offshore companies.

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So where does this leave common people like you and me? Sadly between the devil and the deep blue sea. There is enough wealth for each and every human being to live a comfortable life but with 1% of theworld population controlling 57 % of the world wealth, and the fanatism of religion this can hardly ever happen.

The only saving grace is that it is better to know the truth as above than be conned by the minority evil few who will eventually destroy the world.

You live only once! So make the most of it!!!