American hedge fund billionaire George Soros is back in the headlines after revelations that the shadowy political donor has been hiding his fortune from US regulators with at least three offshore companies, including Mossack Fonseca, the firm exposed by the Panama Papers leak. While it seems like this slipped by the mainstream media, another controversy seems to have even more so. The notorious billionaire has sold off an entire third of his stocks and bought a $264 million share in the world’s largest gold mining company. If history teaches us anything, Soros is a great financial mastermind who hatches schemes with global impact. Gold expert and Regal Gold Assets CEO Tyler Gallagher joins “News With Ed” to talk about it.
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President Barack Obama. (photo: Jacquelyn Martin/AP)
Matt Taibbi | Rolling Stone | Reader Supported News | April 20, 2016
The “most transparent administration in history” has spent years trying to hide embarrassing financial secrets from the public
t’s not quite the Panama papers, but one hell of a big pile of carefully guarded secrets may soon be made public.
For years now, the federal government has been quietly fighting to keep a lid on an 11,000-document cache of government communications relating to financial policy. The sheer breadth of the effort to keep this material secret may not have a precedent in modern presidential times.
“It’s the mother of all privilege logs,” explains one lawyer connected with the case.
The Obama administration invoked executive privilege, attorney-client and deliberative process over these documents and insisted that their release would negatively impact global financial markets. But in finally unsealing some of these materials last week, a federal judge named Margaret Sweeney said the government’s sole motivation was avoiding embarrassment.