Cold War 3 on deck. The US done fukked up this time.
I am inclined to believe that the apparent clumsiness of this operation is not a result of incompetence but direction.
This is not a shot at some international figures, this is a part of a long going attack by the US on international offshore funds where corporations and the rich hide their wealth. The US wants access to this $2 trillion plus estimated wealth, with only a tiny fraction of it being here in US territory. Small fry like Monaco, Andorra, Liechtenstein, Luxembourg, Cyprus, and Austria will be an easy target and will accept a haircut with little protest.
But the Caymans, Virgin Islands and other Crown territories? They have the UK behind them and I think they will put up quite a fight and will be spared.
I think newbies and up and comers like Singapore are going to get fukked..
As for Hong Kong, I am pretty sure the Chinese Government will do nothing to save those uppity fukkers.
They will use this as ammunition for propaganda, allowing the Chinese public live showing of the US feeding off and gutting the mighty Hong Kong financial structure. Why? Hong Kong has served its purpose for the Chinese government, it is being overtaken by Shanghai, so while they planned a slow death for Hong Kong to teach those uppity western loving elites a lesson, they are more than happy for the US to kill it for them quickly.
Problem solved without dirtying your hands, and the political capital you can make from this is... priceless. There is the added bonus of getting rid of your major aid to corruption inside China, which is Hong Kong. All the rich Chinese that made their money through dodgy dealing and are buddy buddy with the west, use Hong Kong as a conduit for transfer of funds to international offshore accounts.
In China you can be massivly corrupt - no problem. But you cannot ally with and work with the western financial structure for you will surely be caught and executed like the half a dozen billionaires and the dozens of multi-millionaires that were also hanged, who were too stupid to hide their money and run.
Not a bad move for Uncle Sam.
I expect a major boom for the US financial structure in the next 5 to 10 years.
The masters of the universe sure know how to keep the ship from sinking, even if it is full of holes and heavily listing to portside.
