WEBVTT 1 00:00:02.279 --> 00:00:07.280 What's up, everyone, and welcome back to the program. When 2 00:00:07.280 --> 00:00:10.160 you talk about money laundering and ways to hide money, 3 00:00:10.480 --> 00:00:13.919 there are many creative ways that the rich and powerful 4 00:00:14.160 --> 00:00:17.320 have come up with, whether it be in real estate 5 00:00:17.960 --> 00:00:21.399 or hiding money offshore. They always come up with a 6 00:00:21.440 --> 00:00:25.280 way to make sure that they're protected and that they're 7 00:00:25.280 --> 00:00:29.440 not getting absolutely crushed with taxes. And when you talk 8 00:00:29.480 --> 00:00:32.479 about a guy like Jeffrey Epstein, while he was doing 9 00:00:32.479 --> 00:00:36.159 a lot more, it wasn't just to avoid paying taxes. 10 00:00:36.479 --> 00:00:39.600 He wanted to shield all of that money from public view. 11 00:00:39.920 --> 00:00:42.200 He didn't want people to know where his money was 12 00:00:42.240 --> 00:00:44.479 tied up. He didn't want to know, he didn't want 13 00:00:44.479 --> 00:00:47.799 people to know where his investments were, and he wanted 14 00:00:47.840 --> 00:00:51.240 to keep things shadowy and all gummed up. That way, 15 00:00:51.280 --> 00:00:54.240 if he was ever caught, nobody could put the pieces together. 16 00:00:55.240 --> 00:00:57.840 And one of the best ways to do that, one 17 00:00:57.880 --> 00:01:01.320 of the best ways to stash your money these is 18 00:01:01.399 --> 00:01:05.239 high end art. Not only do you have you know, 19 00:01:05.400 --> 00:01:09.920 the ritzy buying art these days, you have drug traffickers, 20 00:01:10.319 --> 00:01:14.840 you have you know, arms traffickers, you name it, and 21 00:01:15.120 --> 00:01:18.400 criminals who are a little bit more hip to what's 22 00:01:18.439 --> 00:01:22.159 going on anyway. Well, they're putting their money into art. 23 00:01:22.319 --> 00:01:25.200 You look at inflation, you look at the stock market, 24 00:01:25.239 --> 00:01:27.680 you look at how things are tanking. Well, guess what 25 00:01:27.879 --> 00:01:32.719 market is never affected. That's right, arts and antiquities. So 26 00:01:32.840 --> 00:01:36.359 there's a reason people like Leon Black have you know, 27 00:01:36.439 --> 00:01:39.879 five six, seven hundred million dollars in artwork. Very hard 28 00:01:39.879 --> 00:01:42.359 for the government to trace. That, very hard for the 29 00:01:42.400 --> 00:01:47.239 government to track that. And well, what's the biggest problem 30 00:01:47.319 --> 00:01:51.760 these drug dealers have bringing the money home? Right? What 31 00:01:51.840 --> 00:01:55.239 would be easier having your money invested in a picasso 32 00:01:55.400 --> 00:01:59.760 that's never going to lose value or shoe boxes of 33 00:01:59.760 --> 00:02:03.120 cash that are being eaten by the rats. So it 34 00:02:03.239 --> 00:02:07.200 just makes sense for a high end money movers and 35 00:02:07.439 --> 00:02:11.319 criminals really to get involved in this game. Now, I'm 36 00:02:11.360 --> 00:02:14.199 not saying the whole entire high end art market is 37 00:02:15.000 --> 00:02:17.800 a money wandering scheme, but it's certainly a vehicle that 38 00:02:17.840 --> 00:02:20.280 they're using the same way that they're using high end 39 00:02:20.319 --> 00:02:22.560 real estate. I mean, look at these buildings that we 40 00:02:22.599 --> 00:02:26.319 have around the country, big ass buildings built and nobody 41 00:02:26.319 --> 00:02:29.199 in the offices. It's because they have ways to get 42 00:02:29.240 --> 00:02:33.159 over on the government via tax loopholes, via write offs, 43 00:02:33.199 --> 00:02:37.719 whatever it might be. That's the motivation, and that's certainly 44 00:02:37.840 --> 00:02:41.159 the motivation with a lot of these people and their 45 00:02:41.199 --> 00:02:44.039 purchases of high end art. They don't want to pay 46 00:02:44.039 --> 00:02:45.840 the money on it, they don't want to have to 47 00:02:45.840 --> 00:02:48.800 transport the money on it, and they want to make 48 00:02:48.840 --> 00:02:52.719 sure that the value of their investment stays where it's at, 49 00:02:54.000 --> 00:02:57.520 and the art market is certainly one of the best 50 00:02:58.000 --> 00:03:03.120 mediums for them to accomplish the And in today's article 51 00:03:03.199 --> 00:03:06.560 from art net, we're gonna keep on this topic and 52 00:03:06.759 --> 00:03:11.439 talk about it, So let's dive in. This article was 53 00:03:11.479 --> 00:03:17.080 authored by Taylor Defoe and this article was published on 54 00:03:17.120 --> 00:03:21.759 February second of twenty twenty two. Like I said art 55 00:03:21.759 --> 00:03:26.719 Net headline, more than sixteen hundred works of art, including 56 00:03:26.759 --> 00:03:30.599 major pieces by Bankseat, were secretly shoveled through shell companies. 57 00:03:30.840 --> 00:03:34.879 The Pandora Papers reveal a new report shows how the 58 00:03:34.919 --> 00:03:39.840 wealthy exploited the relatively unregulated art market to protect their money. 59 00:03:40.120 --> 00:03:41.840 Do you really think that all of these people that 60 00:03:41.879 --> 00:03:46.120 were involved in high end art are these like connoisseurs 61 00:03:46.240 --> 00:03:49.159 or are they just scumbags who know that this is 62 00:03:49.159 --> 00:03:53.080 a proper vehicle to stash their money. Go and talk 63 00:03:53.120 --> 00:03:55.639 to any high end tax accountant, and they'll tell you 64 00:03:55.680 --> 00:04:01.759 that this is a great vehicle. More than sixteen hundred 65 00:04:01.759 --> 00:04:05.120 works of art by some four hundred artists were quietly 66 00:04:05.120 --> 00:04:08.719 shuffled through shell companies and taxaans, according to records from 67 00:04:08.759 --> 00:04:12.560 the Pandora Papers, a trove of eleven point nine million 68 00:04:12.639 --> 00:04:17.480 leaked documents that revealed the offshore accounts of numerous world leaders. 69 00:04:17.720 --> 00:04:19.199 And you know who else was caught up in this. 70 00:04:19.639 --> 00:04:22.519 You know the guy Zelenski over there in Ukraine. Everybody 71 00:04:22.600 --> 00:04:25.639 seems to think, is this great leader. Well, up until 72 00:04:25.680 --> 00:04:28.759 this invasion, basically he was being looked at sideways for 73 00:04:28.839 --> 00:04:32.439 being a kleptocrat. You can go and find articles from 74 00:04:32.720 --> 00:04:36.160 twenty twenty one, twenty twenty that talked about how his 75 00:04:36.240 --> 00:04:38.680 whole entire mantro was coming in and getting rid of 76 00:04:38.720 --> 00:04:42.399 the oligarchs, getting rid of the kleptocrats, only to do 77 00:04:42.439 --> 00:04:47.000 the same exact thing that they were doing. In a 78 00:04:47.040 --> 00:04:51.439 new report by the International Consortium of Investigative Journalists ICIJ, 79 00:04:52.000 --> 00:04:55.720 the group that published the Pandora Papers last fall, researchers 80 00:04:55.759 --> 00:04:59.680 show the ways in which the wealthy used their relatively 81 00:04:59.759 --> 00:05:03.839 unre regulated art markets to secretly move their money and Look, 82 00:05:04.000 --> 00:05:07.000 I know it sounds crazy, right, Who thinks about this? 83 00:05:07.319 --> 00:05:10.800 When you're sitting around, you know, thinking about money laundering 84 00:05:10.879 --> 00:05:13.480 or whatever. The last thing people think about is the 85 00:05:13.600 --> 00:05:17.160 art market. Well, if you think that people like the 86 00:05:17.199 --> 00:05:20.800 cartels and big time narcotics movers. I'm not talking about 87 00:05:20.879 --> 00:05:24.319 corner boys. I'm not talking about people who are moving 88 00:05:24.360 --> 00:05:28.040 small amounts of weight. I'm talking about people with real work. 89 00:05:28.439 --> 00:05:32.279 These people are investing their money like anyone else. And 90 00:05:32.519 --> 00:05:34.959 one of the main vehicles folks, I'm telling you right 91 00:05:35.000 --> 00:05:38.279 now for people like this is this high end art market. 92 00:05:38.439 --> 00:05:41.959 It is not regulated, very rarely looked at, and how 93 00:05:41.959 --> 00:05:43.519 are you going to track it in the first place. 94 00:05:47.160 --> 00:05:51.560 London financier Mauricio Fabris, for instance, has used an offshore 95 00:05:51.639 --> 00:05:54.759 trust in New Zealand to acquire more than a dozen 96 00:05:54.839 --> 00:05:58.279 works by the highly sought after street artist Banksy since 97 00:05:58.279 --> 00:06:01.959 two thousand and nine. Among the major he bought our 98 00:06:02.240 --> 00:06:06.480 flower Thrower, Grow with Balloon and Rude Copper. The latter 99 00:06:06.560 --> 00:06:10.079 depicts a police officer giving the middle finger. Now, I'm 100 00:06:10.079 --> 00:06:13.519 not really too hip on art, I'll be straight up 101 00:06:13.519 --> 00:06:15.600 with you. I'm not somebody who follows the art scene 102 00:06:15.680 --> 00:06:19.000 or anything like that. But some of these pictures from Banksy, 103 00:06:19.120 --> 00:06:24.839 these drawings and renderings pretty cool. Again, it's terribly ironic. 104 00:06:25.040 --> 00:06:29.319 John zarabel, a San Francisco University professor and author, told 105 00:06:29.319 --> 00:06:34.759 the ICIJ the artist's work, he explained, attacks not only authority, 106 00:06:34.959 --> 00:06:39.639 but the political and economic structures that undergird the art world. 107 00:06:39.920 --> 00:06:42.519 But when you become a famous artist like Banksy, as 108 00:06:42.800 --> 00:06:45.279 your work gains a lot of value and then it 109 00:06:45.720 --> 00:06:48.040 can become a tool in these kinds of schemes by 110 00:06:48.079 --> 00:06:51.000 the ultra wealthy in order to hide their wealth. And 111 00:06:51.079 --> 00:06:54.680 it goes even further than that with some of these people. Sure, 112 00:06:54.680 --> 00:06:58.480 the wealthy have been looking to game the system forever, 113 00:06:58.680 --> 00:07:01.279 and it's hilarious that they're trying to game the system 114 00:07:01.680 --> 00:07:06.120 considering they created the system. But here we are with 115 00:07:06.199 --> 00:07:09.199 them still trying to get over stash money, hide money. 116 00:07:09.879 --> 00:07:14.439 They can never have enough right. Through an agreement with 117 00:07:14.879 --> 00:07:20.120 a Singapore based financial service provider called Asiati Trust, Fabris 118 00:07:20.199 --> 00:07:22.639 was allowed to display the works at his home without 119 00:07:22.680 --> 00:07:25.639 paying taxes. He later sold three of the pieces to 120 00:07:25.680 --> 00:07:29.560 a London gallery run by Banksy's former agent, just as 121 00:07:29.600 --> 00:07:33.439 Fabris came under investigation for tax fraud in Italy. Well, 122 00:07:33.519 --> 00:07:35.759 of course you're gonna eventually get nailed in one of 123 00:07:35.800 --> 00:07:38.199 these countries if you're out here acting like a jerk 124 00:07:38.279 --> 00:07:44.319 off and Fabris nailed. You see, these people that are 125 00:07:44.360 --> 00:07:47.639 involved in this game, they think they're way smarter than 126 00:07:47.720 --> 00:07:50.560 everybody else in the room, and a lot of times 127 00:07:50.600 --> 00:07:57.279 they outsmart themselves. As a result of that investigation, Fabris, 128 00:07:57.319 --> 00:08:00.360 a former race car driver, was formally charged with tax 129 00:08:00.360 --> 00:08:05.720 evasion in twenty fifteen. After that, Asiati transferred ownership of 130 00:08:05.759 --> 00:08:08.399 the banks the artworks from the Fabris Trust back to 131 00:08:08.439 --> 00:08:11.319 the man himself and to shell companies in the UK 132 00:08:11.680 --> 00:08:16.079 and British Virgin Islands were closed. I mean, really, and 133 00:08:16.199 --> 00:08:18.600 this is going on, rinse and repeat. We're talking about 134 00:08:18.600 --> 00:08:23.120 this gentleman Fabris here, but you can insert numerous people 135 00:08:23.279 --> 00:08:27.240 into this conversation and they're making the same moves, acting 136 00:08:27.240 --> 00:08:30.279 goofy in the same way, and our government are sitting 137 00:08:30.279 --> 00:08:32.559 around and letting it happen. They're the ones who write 138 00:08:32.559 --> 00:08:35.080 the laws. Remember, they're the ones who put these loopholes 139 00:08:35.120 --> 00:08:38.399 in there. Do we really need a tax code that's 140 00:08:38.799 --> 00:08:42.240 five million pages long? Should be one page? Here's what 141 00:08:42.279 --> 00:08:45.519 you pay, Here's how you can write, write off your expenses, 142 00:08:45.759 --> 00:08:48.159 done and done. But no, it has to be a 143 00:08:48.159 --> 00:08:55.200 whole ass fucking thing like everything else. Right. Other parties 144 00:08:55.200 --> 00:09:00.600 included in the ICIJ's new report include controversial Russian television 145 00:09:00.879 --> 00:09:06.559 CEO Constantine Ernst, members of the powerful Sri Lankan Rajapaksa family, 146 00:09:06.919 --> 00:09:10.320 and the Indian auction house Saffron Art. Now we know 147 00:09:10.399 --> 00:09:14.519 that this led directly to the Rajapaksa family losing power 148 00:09:15.279 --> 00:09:20.679 and basically Sri Lanka, you know, devolving into a non 149 00:09:20.679 --> 00:09:24.480 functional government and non functional nation at this point. And 150 00:09:24.600 --> 00:09:27.080 a lot of that had to do with this family, 151 00:09:27.559 --> 00:09:33.840 the Rajapaxas being outed as kleptocrats, and the people, look, 152 00:09:33.879 --> 00:09:35.879 they don't want to deal with it. People have had enough, 153 00:09:36.080 --> 00:09:38.120 you know what. People are sick of. People are sick 154 00:09:38.120 --> 00:09:40.360 and tired of not being able to pay their own bills, 155 00:09:40.759 --> 00:09:44.320 working all day, killing themselves, coming home, not having the 156 00:09:44.440 --> 00:09:48.080 energy to even play with their children. And meanwhile these 157 00:09:48.120 --> 00:09:52.679 people are out here stealing hand over fist and there's 158 00:09:52.879 --> 00:09:58.120 never any sort of punishment for them, never any retribution. 159 00:09:59.639 --> 00:10:02.600 They call the whole lass world economy to crash in 160 00:10:02.639 --> 00:10:10.159 two thousand and eight, and nobody went to prison. Each 161 00:10:10.320 --> 00:10:13.039 was shown to have used offshore companies to purchase art 162 00:10:13.039 --> 00:10:16.200 tax free, but none have been accused of illegal activity. 163 00:10:16.399 --> 00:10:19.639 According to the Art newspaper. A review of the Panama 164 00:10:19.679 --> 00:10:24.440 Papers previously revealed that the late disgraced antiquities dealer Douglas 165 00:10:24.519 --> 00:10:28.919 Latchford also used offshore trust to sell looted art. And 166 00:10:28.960 --> 00:10:32.039 that's another big deal. You have a lot of looted 167 00:10:32.200 --> 00:10:35.639 art on the market now after the ISIS invasion of Iraq, 168 00:10:35.919 --> 00:10:39.919 the ISIS invasion of Syria, we're talking about the levant here. 169 00:10:40.120 --> 00:10:43.720 There's so much history in those museums and ancient artifacts. 170 00:10:44.000 --> 00:10:47.080 Now those ancient artifacts, they're looted and they're sold, and 171 00:10:47.120 --> 00:10:49.799 they find their way to the hands of people like this, 172 00:10:50.559 --> 00:10:52.600 And instead of doing the right thing, you know, you 173 00:10:52.639 --> 00:10:54.879 would think, if you're some rich collector, you'd want to 174 00:10:54.919 --> 00:10:56.840 make sure that this gets back to the people who 175 00:10:56.879 --> 00:10:59.600 own it. You buy it for yourself through a shell company, 176 00:10:59.799 --> 00:11:01.960 and then you sit on it and you launder your 177 00:11:01.960 --> 00:11:06.320 money through it, rinse and repeat. But you know who 178 00:11:06.320 --> 00:11:10.679 else is getting into this game, folks. Narco traffickers, the 179 00:11:10.720 --> 00:11:14.000 cartel bosses are not stupid men, and anyone who thinks 180 00:11:14.039 --> 00:11:17.519 they are is not paying attention, And don't even get 181 00:11:17.519 --> 00:11:19.600 me started on people like the Kinahans. You know that 182 00:11:19.600 --> 00:11:25.080 they're in this game. So considering we're talking about money 183 00:11:25.159 --> 00:11:28.480 laundering this week and Jeffrey Epstein's finances, all of this 184 00:11:28.480 --> 00:11:31.600 stuff goes hand in hand. All of Jeffrey Epstein's biggest 185 00:11:31.600 --> 00:11:34.320 bag men are huge in the world of art. So 186 00:11:34.480 --> 00:11:38.799 ask yourselves, why is that? Why are they so involved 187 00:11:38.799 --> 00:11:41.240 in art and why do they have such big collections. 188 00:11:42.159 --> 00:11:45.240 It couldn't be because they're trying to hide their finances, 189 00:11:46.120 --> 00:11:50.360 could it. That's gonna do it for this episode. If 190 00:11:50.399 --> 00:11:52.639 you'd like to contact me, you can do that at 191 00:11:52.679 --> 00:11:56.919 Bobby Gapuchi at protonmeil dot com. That's bo bbu Y 192 00:11:57.240 --> 00:12:01.679 c apu Cci at proton on mail dot com. Can 193 00:12:01.679 --> 00:12:07.919 also find me on Twitter at Bobby underscore c ap Ucci. 194 00:12:08.600 --> 00:12:11.000 The link that I discussed can be found in the 195 00:12:11.039 --> 00:12:15.679 description box about the art world. In regards to Jeffrey 196 00:12:15.720 --> 00:12:21.000 Epstein and those fellow travelers that he was always hanging 197 00:12:21.000 --> 00:12:25.480 out with, like Leon Black and Jess Staley and Glenn 198 00:12:25.519 --> 00:12:29.440 Dubin and the rest of them, well, they're all involved 199 00:12:29.480 --> 00:12:35.120 in this shady, sisty ass art world. In fact, Glenn 200 00:12:35.200 --> 00:12:40.840 Dubin and Leon Black are both on the MoMA board. 201 00:12:44.399 --> 00:12:47.879 We also know from the Fins and Files investigation that 202 00:12:48.120 --> 00:12:53.240 has broken in the last few months that there is 203 00:12:53.320 --> 00:12:57.799 a huge problem with money laundering in the art world, 204 00:12:57.879 --> 00:13:05.759 and we know that this world is used for money laundering, 205 00:13:06.200 --> 00:13:11.159 for hiding money, and for evading taxes. That has been established. 206 00:13:12.200 --> 00:13:15.200 So it's no shock that we have an article today 207 00:13:15.759 --> 00:13:24.480 about Jeffrey Epstein and his Picasso and his Chazani. These 208 00:13:24.519 --> 00:13:28.519 people would buy these pieces of art and then they 209 00:13:28.559 --> 00:13:36.000 would use these pieces of art to launder money, and 210 00:13:36.080 --> 00:13:38.039 it's still going on today. What do you think is 211 00:13:38.120 --> 00:13:41.919 Jeffrey Epstein's gone, that this party's over? It's not. This 212 00:13:41.960 --> 00:13:44.639 whole entire art world, just like the world of modeling, 213 00:13:45.039 --> 00:13:49.639 needs to be completely and utterly audited. There is no 214 00:13:49.840 --> 00:13:53.519 oversight here whatsoever. How many of these rich people are 215 00:13:53.519 --> 00:13:57.600 buying one hundred million dollar paintings and then not paying 216 00:13:57.679 --> 00:14:03.080 taxes on them, using them as money laundering tools. How 217 00:14:03.120 --> 00:14:05.000 many of them are doing it? I would say a 218 00:14:05.080 --> 00:14:07.600 lot of them. And I think that if a real 219 00:14:07.639 --> 00:14:11.000 investigation was ever ever carried out, or if there was 220 00:14:11.039 --> 00:14:15.600 ever an audit of one of these places, I think 221 00:14:15.639 --> 00:14:19.200 it would be clear as day what these people are 222 00:14:19.320 --> 00:14:22.679 up to. But the problem is, none of these people 223 00:14:22.720 --> 00:14:26.000 have ever really faced serious scrutiny. Every time they get 224 00:14:26.000 --> 00:14:28.639 in trouble, it becomes some sort of fine or some 225 00:14:28.679 --> 00:14:33.519 sort of suspended penalty. Nobody in the financial world, and 226 00:14:33.559 --> 00:14:36.360 that's what we're talking about here, right, Normal people aren't 227 00:14:36.360 --> 00:14:43.240 buying picassos. These people in the financial world have never 228 00:14:43.840 --> 00:14:49.080 ever had any consequences for their behavior. Destroy the economy, bad, 229 00:14:49.200 --> 00:14:51.120 No big deal. We'll just belly you out. Here's a 230 00:14:51.120 --> 00:14:56.679 few tart programs for you. Give out a bunch of 231 00:14:56.720 --> 00:15:03.480 predatory loans, bad, No big deal. Helping bezel money, bah, 232 00:15:03.679 --> 00:15:08.000 just part of the course. Folks involved with money laundering, 233 00:15:08.039 --> 00:15:13.039 sex traffickers or murderers or a cartels, bah, no big deal. 234 00:15:13.159 --> 00:15:15.120 Let's look the other way. We're all getting rich here 235 00:15:16.720 --> 00:15:20.279 and that needs to stop, and it needs to stop 236 00:15:20.480 --> 00:15:22.759 at the very top. Our lawmakers need to take this 237 00:15:22.840 --> 00:15:26.840 shit more seriously. They need to have strict and stringent 238 00:15:26.960 --> 00:15:31.759 rules when it comes to money laundering, and not just 239 00:15:31.799 --> 00:15:34.320 for normal folks, because when it comes to average people, 240 00:15:34.519 --> 00:15:36.679 like if you were engaged in a money laundering scheme, 241 00:15:36.879 --> 00:15:40.919 forget it, you'd be underneath the prison already, but there 242 00:15:40.960 --> 00:15:45.440 needs to be an elimination of these loopholes and these 243 00:15:45.919 --> 00:15:49.360 backroom deals and the way that this stuff is navigated, 244 00:15:49.759 --> 00:15:55.039 because I'll tell you what, people are fed up. People 245 00:15:55.080 --> 00:15:59.639 are tired of rules for thee but not for me. 246 00:16:00.000 --> 00:16:04.159 People are tired of that. And it's coming to a head, folks. 247 00:16:04.360 --> 00:16:06.120 It really is coming to a head. You see it 248 00:16:06.159 --> 00:16:11.000 around the world. People are fired up and they're demanding change. 249 00:16:12.960 --> 00:16:19.879 And these governments that don't start smelling what their people 250 00:16:19.919 --> 00:16:22.559 are cooking are going to be in serious jeopardy in 251 00:16:22.600 --> 00:16:31.639 the future because how long are normal, average people supposed 252 00:16:31.639 --> 00:16:37.840 to sit back and be abused, be treated horribly, be 253 00:16:37.960 --> 00:16:41.879 preyed upon by these so called elites as they feed 254 00:16:41.960 --> 00:16:46.360 us into their never ending war machine, build their fortunes 255 00:16:46.399 --> 00:16:51.399 on our back, and then when shit goes south and 256 00:16:51.440 --> 00:16:54.399 we have a pandemic like this, they tell the work 257 00:16:54.399 --> 00:16:58.120 in class, screw you, you're on your own. Well, don't worry. 258 00:16:58.279 --> 00:17:01.120 All of our huge major companies got PPP loans, but 259 00:17:01.200 --> 00:17:08.200 you guys, screw you, not even some unemployment. And that's 260 00:17:08.240 --> 00:17:11.720 the way these people conduct themselves, and it's not going 261 00:17:11.759 --> 00:17:16.000 to work out for them for much longer. We have 262 00:17:17.240 --> 00:17:21.160 the largest transfer of wealth in the history of mankind 263 00:17:21.240 --> 00:17:25.279 that has taken place during this pandemic, and I think 264 00:17:25.640 --> 00:17:28.759 the number is some crazy number like twenty six point 265 00:17:28.839 --> 00:17:32.359 three percent of all money ever printed in the history 266 00:17:32.359 --> 00:17:34.759 of the United States has been printed in like the 267 00:17:34.839 --> 00:17:42.240 last year. That means inflation is not far behind, folks. 268 00:17:43.240 --> 00:17:45.440 So we have to get our shit together and we 269 00:17:45.599 --> 00:17:48.759 have to make sure that these people that we send 270 00:17:48.759 --> 00:17:53.559 to Washington, DC are not there to be part of 271 00:17:53.599 --> 00:17:57.519 the political ruling class. People need to go to DC 272 00:17:59.119 --> 00:18:03.839 to represent their constituents, point blank, period the end. And 273 00:18:03.920 --> 00:18:06.559 until we can get to that point, until we can 274 00:18:06.599 --> 00:18:09.039 get to a point where there's none of this money 275 00:18:09.079 --> 00:18:13.200 coming in from out of state to influence senatorial races 276 00:18:13.279 --> 00:18:16.400 or congress races or any of that jazz, then it's 277 00:18:16.440 --> 00:18:18.319 just going to be the same bullshit over and over 278 00:18:18.359 --> 00:18:22.799 and over again. These same people were talking about who 279 00:18:22.799 --> 00:18:26.200 were manipulating the money, who are laundering money, who are 280 00:18:26.279 --> 00:18:29.000 hiding the money. These are the same people pumping that 281 00:18:29.119 --> 00:18:35.160 money into your state and local races. It needs to end. 282 00:18:36.400 --> 00:18:40.000 And these people that hide their money in their paintings 283 00:18:40.039 --> 00:18:42.680 and in their artwork and in these high rise buildings. 284 00:18:43.279 --> 00:18:48.240 We're onto you, folks, now all right, you're no longer 285 00:18:48.359 --> 00:18:50.319 going to be able to piss on our backs and 286 00:18:50.359 --> 00:18:53.799 tell us it's raining. That ship is sailed, the curtain 287 00:18:53.839 --> 00:18:57.799 has been pulled back, and the red pill that Morpheus 288 00:18:57.920 --> 00:19:04.880 was offering has most certainly been consumed. Our article today 289 00:19:04.920 --> 00:19:09.279 is from Okay magazine, and it's again by Chris Spargo, 290 00:19:09.640 --> 00:19:11.799 and he's all over these subpoenas down there in the 291 00:19:11.880 --> 00:19:14.960 Virgin Islands, folks, and there are some more to talk about. 292 00:19:17.079 --> 00:19:23.079 Some more of these art houses have now been dragged 293 00:19:23.119 --> 00:19:28.559 in to the subpoena party as well. The headline of 294 00:19:28.559 --> 00:19:33.960 this article, Prosecutors demand Christie's and Softbe's, revealed details of 295 00:19:34.000 --> 00:19:37.400 Jeffrey Epstein's one hundred and thirty nine million dollar mysterious 296 00:19:37.440 --> 00:19:46.000 purchases of Picasso and Chizan's. So Epstein, who apparently only 297 00:19:46.039 --> 00:19:49.759 has six hundred and thirty four million dollar fortune, spent 298 00:19:50.119 --> 00:19:54.240 one sixth of that fortune on paintings a Picasso and 299 00:19:54.240 --> 00:19:57.160 a Chazan's. I don't even know if I'm pronouncing that 300 00:19:57.240 --> 00:20:01.200 name right. I'm certainly not a culture art world person, 301 00:20:01.240 --> 00:20:04.319 all right, folks, So if I'm pronouncing the name wrong, 302 00:20:04.359 --> 00:20:07.319 for any of you already's out there. I do apologize, 303 00:20:07.599 --> 00:20:10.480 but you mean to tell me that this guy ponied 304 00:20:10.559 --> 00:20:14.680 up one sixth of his wealth on a couple of paintings. Huh. 305 00:20:14.759 --> 00:20:17.559 That does not make sense. That does not make sense 306 00:20:17.720 --> 00:20:22.319 at all. And where are these paintings? Are they sold? 307 00:20:22.519 --> 00:20:28.799 Are they going into the fund? They better be. Christie's 308 00:20:28.799 --> 00:20:34.079 and and Southbees are being asked about Epstein's art habits. 309 00:20:36.000 --> 00:20:39.319 Christie's and Softbees have been ordered to turn over information 310 00:20:39.519 --> 00:20:43.839 prosecutors believe is essential to their case against Jeffrey Epstein 311 00:20:44.359 --> 00:20:48.440 and the pedophiles of State. Again, I think it's important 312 00:20:48.480 --> 00:20:51.759 that we comment when they say a state that has 313 00:20:51.880 --> 00:20:56.839 that's that's Darren Endyke and and con So they're the 314 00:20:57.799 --> 00:21:01.559 executors of this estate. So well, we know that Denise 315 00:21:01.599 --> 00:21:05.440 George has pegged them as co conspirators and participants in 316 00:21:05.440 --> 00:21:08.799 Epstein's crimes. She has certainly set them up as that. 317 00:21:09.799 --> 00:21:13.799 So it's interesting to me when we hear that they're 318 00:21:13.839 --> 00:21:17.359 going the case against Epstein and the pedophiles of State. 319 00:21:17.839 --> 00:21:23.279 You know, it's always interesting to see how things are 320 00:21:23.319 --> 00:21:27.480 going to play out for Endike and Khan, considering what 321 00:21:27.519 --> 00:21:33.960 we know about them. So I think that with all 322 00:21:34.000 --> 00:21:37.119 of the subpoenas being sent out by Denise George, we're 323 00:21:37.119 --> 00:21:40.799 going to get a really gigantic picture of what was 324 00:21:40.839 --> 00:21:44.799 going on behind the scenes, and it would be nice 325 00:21:44.799 --> 00:21:49.119 to see the SDNY go this hard after the financial records. Huh, 326 00:21:49.200 --> 00:21:54.200 what are they waiting for? Is the real question. Okay 327 00:21:54.279 --> 00:21:57.759 has obtained court records that show the world's largest auction 328 00:21:57.880 --> 00:22:02.119 houses were served with the pena this week by prosecutors 329 00:22:02.119 --> 00:22:05.759 in the Virgin Islands. Those lawyers are still busy building 330 00:22:05.799 --> 00:22:10.440 their case eleven months after first filing charges against the 331 00:22:10.440 --> 00:22:15.359 deceased pedophile and his estate. So we know that Denise 332 00:22:15.440 --> 00:22:19.440 George has been doing really good work as far as 333 00:22:20.119 --> 00:22:24.279 trying to lift the veil of secrecy off of the 334 00:22:24.319 --> 00:22:30.759 Epstein enterprise. Now it would be nice to see the 335 00:22:30.880 --> 00:22:37.240 SDNY do the same thing. But at least Denise George 336 00:22:37.880 --> 00:22:41.519 is firing off these subpoenas like she's at a shooting 337 00:22:41.599 --> 00:22:44.519 range and shooting a machine gun. Every time we turn around, 338 00:22:44.599 --> 00:22:48.160 someone else is catching a subpoena from Denise George. And again, 339 00:22:48.519 --> 00:22:50.920 I think that's awesome work. I think it's good stuff. 340 00:22:51.640 --> 00:22:55.680 With the cooperation from PRESCA, you would have to think 341 00:22:56.200 --> 00:22:59.240 that it would be the same thing going the other 342 00:22:59.279 --> 00:23:03.799 way as well. So if prosecutors at the SDNY want 343 00:23:03.799 --> 00:23:09.759 to request information from Denise George's investigation, I am sure 344 00:23:09.799 --> 00:23:12.160 that she would be on board with providing that to 345 00:23:12.279 --> 00:23:18.039 them as well. And I would think that SDNY has 346 00:23:18.079 --> 00:23:21.759 been in contact with Denise George already. You would think that, right. 347 00:23:21.920 --> 00:23:23.880 Do I know that? For sure? I do not, but 348 00:23:24.400 --> 00:23:32.759 common sense would say that that's the case. These subpoenas, 349 00:23:33.000 --> 00:23:35.359 along with a third that has been issued to the 350 00:23:35.440 --> 00:23:41.039 Chicago Deferred Exchange Company, relates specifically to Epstein's art collection. Now, 351 00:23:41.039 --> 00:23:44.480 remember it's significant. Like I was saying in my opening monologue, 352 00:23:44.880 --> 00:23:47.599 these guys love to use the art world as a vehicle. 353 00:23:48.480 --> 00:23:51.599 And if you watch the show Billions, I've mentioned this before. 354 00:23:51.799 --> 00:23:55.680 Bobby Axelrod had himself the same kind of scam. He 355 00:23:55.720 --> 00:23:58.640 would have the had fake art made and had that 356 00:23:58.799 --> 00:24:00.880 art on display while keep the real art in his 357 00:24:00.960 --> 00:24:04.039 house or vice versa. On one or the other, but 358 00:24:04.160 --> 00:24:08.279 either way it was, they always have these scams within 359 00:24:08.319 --> 00:24:10.720 the art world. What do you think Leon Black is 360 00:24:10.799 --> 00:24:14.720 just some kind of connoisseur of the arts, Give me 361 00:24:14.759 --> 00:24:19.319 a break. It's always about increasing their wealth. It's always 362 00:24:19.400 --> 00:24:24.400 about the means justifying the end with these people and 363 00:24:24.519 --> 00:24:31.160 everybody else and everything else be damned. Okay can further 364 00:24:31.279 --> 00:24:35.640 reveal that three specific pieces in Epstein's collection caught the 365 00:24:35.640 --> 00:24:40.599 attention of prosecutors, a painting by Pablo Picasso and two 366 00:24:40.640 --> 00:24:44.799 works from Paul Chazahan. Those three pieces stand out because 367 00:24:44.799 --> 00:24:48.519 Epstein bartered for them by trading in art he already owned, 368 00:24:48.799 --> 00:24:51.799 while working out a deal that helped him avoid paying 369 00:24:51.839 --> 00:24:55.359 any taxes on his purchase. See what I'm saying. Look, 370 00:24:55.400 --> 00:24:59.240 I'm not completely locked into how the art world is maneuvering, 371 00:24:59.640 --> 00:25:04.359 but they are certainly using these pieces of art to 372 00:25:04.599 --> 00:25:08.680 launder money, to avoid paying taxes, and to hide their wealth. 373 00:25:10.400 --> 00:25:17.160 Very obvious what's going on. They also stand out because 374 00:25:17.200 --> 00:25:19.839 the value of all three combined is a staggering one 375 00:25:19.960 --> 00:25:24.359 hundred and thirty nine million dollars. Again, Jeffrey Epstein supposedly 376 00:25:24.440 --> 00:25:28.559 was worth six hundred and thirty four million dollars, So 377 00:25:29.799 --> 00:25:35.799 he invests one sixth of that wealth in three paintings. 378 00:25:37.440 --> 00:25:41.319 That doesn't sound like a move Jeffrey Epstein would be 379 00:25:41.319 --> 00:25:44.240 making if that's the case. So what it does is 380 00:25:44.279 --> 00:25:47.119 it shows me anyway, it says to me anyway that 381 00:25:47.240 --> 00:25:49.599 he had much more money than that six hundred and 382 00:25:49.599 --> 00:25:53.039 thirty four million. And I am sure that there's a 383 00:25:53.160 --> 00:25:57.279 treasure trove of art somewhere, that there are tons of 384 00:25:57.319 --> 00:26:01.119 other assets that belong to Jeffrey Epstein. And the only 385 00:26:01.200 --> 00:26:03.799 way to ever get to the bottom of that and 386 00:26:03.880 --> 00:26:06.559 to find those funds so that they can be seized 387 00:26:07.079 --> 00:26:18.240 is for a complete and exhaustive forensic accountant investigation into 388 00:26:18.279 --> 00:26:22.160 his crimes. And I am talking every last dollar ever spent, 389 00:26:22.319 --> 00:26:27.319 every ATM swiped, every credit card purchased, and every single 390 00:26:27.559 --> 00:26:33.000 cash transaction that's possible to trace. All of it needs 391 00:26:33.039 --> 00:26:36.720 to be investigated because it leads not just to Jeffrey Epstein, 392 00:26:37.200 --> 00:26:40.799 but it leads to these enablers that were helping him 393 00:26:40.799 --> 00:26:50.200 and facilitating him. Prosecutors are asking that Christie's and Softbey's 394 00:26:50.200 --> 00:26:56.480 handover request number one all documents reflecting or relating to inquiries, sales, bids, 395 00:26:56.519 --> 00:27:01.240 communications with or about Jeffrey E. Epstein, any Epstein agent 396 00:27:01.559 --> 00:27:06.960 and or Epstein entity redacted or any redacted. So the 397 00:27:07.000 --> 00:27:10.680 first request, they want it all. They want the documents 398 00:27:10.720 --> 00:27:15.519 that have anything to do with sales or bids, communications, 399 00:27:16.119 --> 00:27:19.920 anything at all that has to do with their communications 400 00:27:19.960 --> 00:27:23.119 with Epstein, as far as the sales or inquiries or 401 00:27:23.119 --> 00:27:27.200