Exposing the secret financial system | Jake Bernstein | TEDxAthens

Global leak investigations and Putin’s invasion of Ukraine have revealed the inner workings of a secret financial system. If we don’t act on what we know, something far worse than secrecy will befall us.
Jake Bernstein is an author, a playwright and a two-time Pulitzer Prize winner for investigative reporting. He earned his first Pulitzer Prize in 2011 for National Reporting for his coverage of the 2008 financial crisis. He was also the senior reporter on the International Consortium of Investigative Journalists (ICIJ) team, which broke the Panama Papers story. In 2017, the same project won the Pulitzer Prize for Explanatory Reporting. Bernstein’s latest book, The Laundromat, previously published as Secrecy World, was turned into a Netflix film directed by Steven Soderbergh starring Meryl Streep, Gary Oldman, Antonio Banderas, and Jeffrey Wright. Bernstein has been the editor of The Texas Observer and is currently the co-author of Vice: Dick Cheney and the Hijacking of the American Presidency. He has written for The New York Times, The Washington Post, Bloomberg, The Guardian, ProPublica, and Vice and has appeared on the BBC, NBC, CNN, PBS, and NPR. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx

[@peggyharris3815]

I caught my employer at insurance fraud after a robbery. I got fired. Yep...justice.

[@AnandKumar-ol2uw]

He said everything except where the public can check these information by themselves!

[@guythorne7091]

Exactly because he makes money by partly outing the establishment not fully. He doesn't want to go broke like the rest that spoke up. 😉

[@jimorpia4913]

He literally said where you can find the info 4 minutes into the video dude, ICIJ

[@federico___]

Anarcho-capitalism could fix all these problems together. If there is no taxes to pay, there is no evasion. If drugs were legal, there will be no mafia or cartels since people could buy them at the shops. No need to give money to police for corruption. Etc.

[@svgurin]

He says they are crooked and they use a rule of law. How is that crooked if that’s lawful? It’s the politicians who make those laws who are crooked…

[@anonymousdonor8084]

Alarmism sells to a certain ilk.

[@jackleonard575]

Making money is an action. Keeping money is behavior. Growing money is knowledge.😊

[@kerrylim6058]

I invest with him too, i make about a 30,000USD every month.

[@GD-oz7uy]

This is old news, I learned nothing new.

[@Pastamistic]

And yet nothing has been done about it.

[@JhoYhu3]

@@Pastamistic blockchain still young buy it's on the road. Humans can solve many of this problems with some smart contracts

[@Pastamistic]

@@JhoYhu3 you mean the tens of thousands of different digital "currency." All of which are totally legit without any sort of scams, pump and dump schemes, Ponzi schemes, hacking, or money laundering?

[@JhoYhu3]

@@Pastamistic I am saying that the block chain technology is improving day by day, so it is not perfect yet, and what you mean is the same with fiat money or the goods with which we exchange. we must think outside the box, to give power to ordinary people and not to the secret society of banks and governments, I think that way we could survive, give all the following beings the opportunity of a healthy mother earth and one more goal greater than the accumulation of capital in which dark policies have locked up global society, perhaps we don't need intermediaries to be better off, just a route of agreements that stops putting people and the environment in the dark, today we can do better and global common agreement that improves our relations with the whole. that's why I prefer ADA or Shiba than Doge Coin jajaja

[@Pastamistic]

@@JhoYhu3 I know all about crypto and I had investments in crypto which I made money on. It's an extremely unstable financial system and it always will be by the nature of it. It doesn't solve anything that proper legislation can't fix with our current fractional reserve system with a central bank. It's also terrible for mother earth because of the insane amount of energy required to mine crypto and keep the network running and secure.

[@skyzar4141]

Hurry up and release it already

[@inspired777]

So how do we fix it.

[@philipm3173]

I would say start by repealing Citizens United but the megarich have infiltrated the Supreme Court (which was never a democratic institution to begin with) so I guess we go with the tried and true angry mob and round up the billionaires and dispose of them and then design an economy that doesn't reward and incentivize thievery and exploitation.

[@inspired777]

@@philipm3173 anger and violence isn't the answer either, there are brilliant, honest people out there...surely someone can find a reasonable and peaceful way to improve things.

[@laaaliiiluuu]

@@inspired777 Those with peaceful and reasonable ideas are always killed before their ideas can flourish. You cannot cuddle away cockroaches. Kill them and clean up your environment so that cockroaches cannot survive in the first place.

[@Deemegastar]

Great content

[@ashutoshjha9976]

bsdk pehele dekh toh le pura

[@w.michaelserra2340]

Comment section leaves quite a bit to be desired though.

[@Rebeker]

I think quantitative easing is more diabolical than everything he said

[@sanekabc]

exactly and the military industrial complex.

[@anonymousdonor8084]

100%. Who is currently the biggest money Laudromat?

[@Rebeker]

@@anonymousdonor8084 the frikking FED hahahah

[@guythorne7091]

Gentle People c'mon...he couldn't even name the safe haven caribbean countries. He couldn't name culprits. Much ado about nothing. If you are going to "me too" then pull the rug out or turn on the lights.

[@FinSavvyTV]

nice

[@Kane.JimLahey.]

Well, what do you think movie's, tv show's, and the video game industry is all about?

[@WeddingDJBusiness]

The law of financial return. People/countries generally who have money/wealth have higher standards of living. This is done so by providing greater wanted service/product = greater returns. The market place = supply and demand.

[@Robcomments]

Control Everything But Own Nothing. Perfect slogan for a " Mortgage "

[@arayofsmilesllc.9190]

I love TEDx

[@DonNome]

Taxation is theft?

[@ashutoshjha9976]

tax evasion is.

[@philipm3173]

Embezzlement is theft. What he's talking about it legal embezzlement: when taxes/public funding go to private enterprise which returns nothing to the public and uses those taxes as free investment to hike up their profits? Yes.

[@TheMaxKids]

Yes

[@toylips]

Taxation is great. We come together as a community and we all chip in a little bit of our earnings for infrastructure and healthcare and the like. But places like the US have taken it waaaaay too far. 🤷🏽‍♀️

[@philipm3173]

@@toylips because our taxes are used to subsidize the corporations that are bleeding the country dry

[@rickturnr]

Why does the south Dakota government do this, what's the upside?

[@CoolGirl007]

Tell you another secret, the one with T-shirt, short pant and slipper is the most wealthy man on earth but not take into account... Sshhh... Sshhh... Don't tell anyone 😄😄😄

[@benjamindover4337]

TED bringing those loud intros that nobody asked for

[@johnlaughlin266]

Ok, where do I do that free mouse click and get the name?

[@SirenaSpades]

I can tell you. America's dems are laundering trillions with the "war" in Ukraine right now.

[@WeddingDJBusiness]

What we have increasingly is too much control ( global dominance through global organisations dictating where money should be spent = loss individual freedom/democracy which then effects market place and supply and demand and productivity/profits and standards of living.

[@toucheguy]

Good talk.

[@mojomojo5779]

Corruption in Guatemala and the Philippines sounds familiar. That is the way it is wherever the Catholic Church has its claw established in society

[@yourmom9608]

Relaunching of custodianship has driven this lecturing as the west wants to check the slide of ownership of this planet and wants to re- establish

[@jimjimlima4333]

Rule of law . Law by law maker from congress. Law manipulator (lawyer, accountant, law enforcer) directing the drama of the (secrecy system) .Then imagine living in the internet cloud island with no taxation but abundance with necessity at your expense. Do you need such a thing called secrecy financial system? 🤔🤔🤔

[@anonymousdonor8084]

Sounds like Meta...LOL

[@ashutoshjha9976]

basically what he was trying to summarize here , nothing!

[@rob-890]

Yup he said virtually nothing

[@silviat8759]

🤣

[@musicismymind88]

That hat!

[@noisemaker2776]

The soviet union was not taken over like the US mitary wanted it. Nor like the monopolized media tells you. The soviet union is pissed now because of us mitary fairies. T

[@InitiateChangeSparkPeace]

Powerful Information... Truth is stranger than fiction!

[@RyanCoomer]

I work at KFC in a suberb 40 miles west of Chicago and lick the receipts and customers credit cards before giving them back to them at the drive through. Some cards have a salty taste and sometimes the cards stick to my tongue. ....

[@calebriley7466]

Do you ever get high off em?😂

[@issamhellfire3805]

What in the name of Zeus's beard

[@guilhermefigueiredo.]

Come to Brazil, you'll be like a god to us.

[@ecouturehandmades5166]

Dude...😱

[@lilbushy99]

Yes

[@andyc1909]

Fabulous, the most powerful implications life transforming talk ever.

[@varunjoel3281]

Really?? 🤣

[@mohammedaffan1]

????

[@flyandshy00]

Tax is theft, so?

[@Sugi_here]

It's need to biggest courage to talk about it...👏👏👏

[@anonymousdonor8084]

they get paid to do it. And since it pleases the right people he is protected and rewarded.

[@Emoechaiti]

First

[@Vanderearden]

Somehow managed to turn a tutorial on global financial fraud and secrecy into Russia bashing.

[@MajorSam4321]

Corrupt m. sociopathic lot of leaders they have right along with the rest of us poor souls.

[@DB-gf5gu]

Where do we go from here? It's called BSV, Bitcoin Satoshi vision, the one and only Bitcoin.

[@Pastamistic]

Yeah, crypto hasn't had any issue with scams, money laundering, drug money or any criminal activity whatsoever. Even immune to hacking and identity theft! This is obviously sarcasm but figured I'd note it.

[@jeffwhellum]

First 🎉

[@insightoftheages5571]

I actually don't have a problem with this, I have a problem that the rest of us can't participate. We need to end the Federal reserve and end compelled taxation

[@skyzar4141]

Is this part of the Q movement or plan

[@mohamedghithe3956]

God loves you and takes care of you. God exists and He is the one who controls the universe. The biggest loss that any human being loses in this life is to live and die without knowing God and His Messenger Muhammad and the Islamic religion. It's not smart before you judge anything to try to understand it well before you don't have time to do it

[@mohamedghithe3956]

What do you mean by God?

[@jckuyk]

Horrible speaker. Probably interesting talk but I’ll never know

[@freesk8]

More left-wing stuff from TED. Predictable.