A massive trove of private financial records shared with The Washington Post exposes vast reaches of the secretive offshore system used to hide billions of dollars from tax authorities, creditors, criminal investigators and citizens around the world.

The Post and scores of other news organizations collaborated in the effort, conceived and organized by @ICIJorg, to illuminate the workings of this secret world on a scale never before possible. https://t.co/xHOaGlp2yb
The #PandoraPapers is an investigation based on more than 11.9 million documents.

It exposes more than twice as many account holders and twice as many public officials as the Panama Papers did. https://t.co/B7qrGmlS9m
The files detail the offshore activities of more than 29,000 accounts.

Among them: More than 130 Forbes list billionaires and over 330 public officials around the globe. https://t.co/B7qrGmlS9m
The #PandoraPapers allow for the most comprehensive accounting to date of a parallel financial universe whose corrosive effects can span generations. https://t.co/B7qrGmlS9m
The Post is publishing eight articles based on material in the Pandora trove in addition to video and audio pieces.

Stories being published today focus on revelations about King Abdullah II of Jordan and Russian President Vladimir Putin. https://t.co/B7qrGmlS9m
Records from the Pandora Papers show that a Russian woman acquired luxury property in Monaco through an offshore company after giving birth to a girl during a time when she was reportedly in a secret, years-long relationship with Vladimir Putin. https://t.co/RCUudbY3QC
While billions of dollars in American aid poured into Jordan over the past decade, a secret stream of money was flowing in the opposite direction as the country’s ruler, King Abdullah II, spent millions on extravagant homes in the U.S., documents show. https://t.co/9MUin4fCul
Tens of millions of dollars from outside the U.S. have flowed into trust companies in South Dakota, some of it tied to people and companies accused of human rights abuses and other wrongdoing, the documents show. https://t.co/JQiCJdrd0i
These documents are the first to expose on such a global scale the flows of money, property and other assets that wealthy, powerful people conceal in the offshore system. https://t.co/6t2IgcBCLK
The investigation involved more than 600 journalists in 117 countries and territories, the largest ever organized by @ICIJorg.

Read a letter from Sally Buzbee, executive editor of The Washington Post: https://t.co/pyUcP04aqp
We are contributing to a global package of stories based on the Pandora Papers.

It involves 150 news organizations in 117 countries and territories, including the BBC, the Guardian and was organized by @ICIJorg. https://t.co/FkQnpAgeGP
There are more than 11.9 million documents in the trove, equating to 3.25 terabytes of data.

The Panama Papers stories led to the resignations of the leaders of Iceland and Pakistan. There could be political stakes for some of those named in the Pandora documents.
Stories tomorrow will more closely explore U.S. aspects of this system, including the harm caused by U.S. tax havens and how Americans accused of wrongdoing can escape financial consequences by using offshore entities. https://t.co/7UAMViwS6D
In subsequent days, stories will examine the looting of Asian artifacts, survey the hidden wealth of billionaires who appear in the files, and trace the impact of U.S. sanctions on Russian oligarchs. https://t.co/FkQnpAgeGP

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I hate when I learn something new (to me) & stunning about the Jeff Epstein network (h/t MoodyKnowsNada.)

Where to begin?

So our new Secretary of State Anthony Blinken's stepfather, Samuel Pisar, was "longtime lawyer and confidant of...Robert Maxwell," Ghislaine Maxwell's Dad.


"Pisar was one of the last people to speak to Maxwell, by phone, probably an hour before the chairman of Mirror Group Newspapers fell off his luxury yacht the Lady Ghislaine on 5 November, 1991."
https://t.co/DAEgchNyTP


OK, so that's just a coincidence. Moving on, Anthony Blinken "attended the prestigious Dalton School in New York City"...wait, what? https://t.co/DnE6AvHmJg

Dalton School...Dalton School...rings a

Oh that's right.

The dad of the U.S. Attorney General under both George W. Bush & Donald Trump, William Barr, was headmaster of the Dalton School.

Donald Barr was also quite a


I'm not going to even mention that Blinken's stepdad Sam Pisar's name was in Epstein's "black book."

Lots of names in that book. I mean, for example, Cuomo, Trump, Clinton, Prince Andrew, Bill Cosby, Woody Allen - all in that book, and their reputations are spotless.
I'm going to do two history threads on Ethiopia, one on its ancient history, one on its modern story (1800 to today). 🇪🇹

I'll begin with the ancient history ... and it goes way back. Because modern humans - and before that, the ancestors of humans - almost certainly originated in Ethiopia. 🇪🇹 (sub-thread):


The first likely historical reference to Ethiopia is ancient Egyptian records of trade expeditions to the "Land of Punt" in search of gold, ebony, ivory, incense, and wild animals, starting in c 2500 BC 🇪🇹


Ethiopians themselves believe that the Queen of Sheba, who visited Israel's King Solomon in the Bible (c 950 BC), came from Ethiopia (not Yemen, as others believe). Here she is meeting Solomon in a stain-glassed window in Addis Ababa's Holy Trinity Church. 🇪🇹


References to the Queen of Sheba are everywhere in Ethiopia. The national airline's frequent flier miles are even called "ShebaMiles". 🇪🇹
I’m torn on how to approach the idea of luck. I’m the first to admit that I am one of the luckiest people on the planet. To be born into a prosperous American family in 1960 with smart parents is to start life on third base. The odds against my very existence are astronomical.


I’ve always felt that the luckiest people I know had a talent for recognizing circumstances, not of their own making, that were conducive to a favorable outcome and their ability to quickly take advantage of them.

In other words, dumb luck was just that, it required no awareness on the person’s part, whereas “smart” luck involved awareness followed by action before the circumstances changed.

So, was I “lucky” to be born when I was—nothing I had any control over—and that I came of age just as huge databases and computers were advancing to the point where I could use those tools to write “What Works on Wall Street?” Absolutely.

Was I lucky to start my stock market investments near the peak of interest rates which allowed me to spend the majority of my adult life in a falling rate environment? Yup.