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the face of the bank peter schiff to say that oh i'm facilitating tax evasion why i haven't benefited one nickel so why do you think these tax authorities are targeting you is it because of your celebrity status ask them don't ask me peter respectfully your bank's at the center of the biggest tax evasion investigation in the world now these are fair questions i'm not asking any more questions on the bank okay that's it i'm done i'll rephrase the question there's no more questions no more questions all right welcome back everybody my name's austin a lot to unpack there today's video is going to be a little bit different in the fact that i'm going to play you three separate clips in that 60 minute interview leading up to that eventual peter schiff walkout because peter schiff's bank euro pacific allegedly banked known criminals and he is now part of the largest tax evasion investigation in history now peter is one of the biggest bitcoin haters in existence i like him i think he's honestly turned more gold bugs into bitcoiners than he realizes but regardless i want today's analysis to be fair on what exactly you need to know what's going on a tax probe involving authorities from australia the us the uk the netherlands and canada all allege that euro pacific bank the full reserve bank run by bitcoin skeptic peter schiff provided banking services to known organized criminals and tax evaders with little scrutiny and the reason this affects you is because euro-pacific a peter schiff company holds hundreds of millions of assets under management and it's located in puerto rico which is known as a tax haven to americans to australians to britons less regulation less taxes but there is a fine line between these legal offshore accounts like in puerto rico and hiding taxes from your country illegally to be fair these are just allegations and this australian reporter asks him about it listen to peter defend himself saying that if things are happening illegally it's not through assistance of his bank what we've been told is australians are hiding their profits they're making in australia by setting up offshore structures and then using your bank to hide their profits sometimes their dirty profits well look i seriously doubt that so if they if they certainly find that somebody you know evaded taxes and put the money in my bank it's not because we helped them i mean how many people in australia do you think are not compliant with their taxes i mean what what's the number probably quite a few but i imagine many of you and i i would bet if any of them are using my bank it is a tiny fraction it's not my bank's mission to administer the tax laws of australia okay and this is where things start getting heated because the thing is peter schiff didn't show up on 60 minutes today to get questioned about this he thought that he was just going to talk about the economy and gold big picture type talking points but earlier this year on january 24th tax offices from the five nations launched a probe called operation atlantis against the bank after dutch authorities gained access to its customer details in a leak and since then this has been an ongoing investigation and by the way call in the old-fashioned but i believe an innocent until proven guilty meaning that if peter says that hey his bank isn't responsible for a few bad apples then you know what i would tend to believe him however the more damning evidence comes in when we start to learn who exactly some of his bank's customers were the customer list showed the euro capital banked known financial criminals among them simon antiqual whom australian authorities imprisoned for five years for masterminding a 105 million dollar tax fraud scheme plutus payroll wow okay well that's a good question how can such a notorious crime figure this man right here get through the front doors of this bank listen to peter's reaction and peter's starting to get a little testy as he should be he did not plan for these questions this guy is pressing him on what happened with the irs on january 24th and why are you banking these criminals what happened on january 24 this year i don't know what you're referring to didn't the irs pay you a visit i don't want to discuss all of these uh questions about the bank or what may or may not have happened i'm just going to give you a final answer on the bank and i'm going to say that there is no problem at my bank there is no proof that the bank is being used to facilitate any illegal activity peter schiff claims he isn't allowed to talk about the j5 action on the bank in january but if he didn't already know it it must have alerted him to the fact that questionable figures like simon ancatel were using his bank how could such a notorious crime figure be allowed to get through the front door of your bank you're asking me questions that i cannot answer because i do not work at the bank i'm not a compliance officer i you know i have nothing to do with the daily operations of the bank okay you know what let me just play the final 30 seconds what it all built to the walkout of peter schiff but give me your thoughts comment below in the comment section right now and for you bitcoin holders watch today's entire video because i want to share with you some perspective on bitcoin on criminals banking on peter but watch this nobody has told us that we've done anything wrong nobody well you do know the irs visited you this year surely that was an indication look it that people can be investigated for all sorts of reasons that doesn't mean you did anything wrong what did they say to you when they came when the irs came to your business to you this year what did they tell you look as i said they didn't say that we did anything wrong what did they say look i'm not i'm not allowed to discuss it per their government peter schiff is rarely lost for answers i'm not asking any more questions on the bank that's it i'm done i'll rephrase the question there's no more questions but when it comes to the bank all right this is ridiculous he leaves the final word to his wife hey what was the point of you asking what were you trying to get from this interview okay what do you think the rich evading taxes the corrupt banking system is not new by any means it is not localized to this specific bank i don't know the inner workings of this investigation specifically in this interview i kind of felt for peter in the fact that he's not going to discuss an ongoing investigation publicly but for you bitcoin holders understand that bitcoin was invented to opt out of this criminal corruption in banking because the rich trying to find loopholes those puerto rican those swiss bank accounts that's not going away what bitcoin does it gives the little guy a chance to have those same opportunities like it or not bitcoin is the great equalizer watch this comment your thoughts in 2016 president barack obama while discussing cryptocurrencies said something amazing he said it would be as if everybody has a swiss bank account in their pocket yeah now little did he know that that is a fantastic advert advertisement for cryptocurrency like yeah exactly it would be as if everybody had a swiss bank account in their pocket yeah of course he didn't mean it as something positive as something that we should all be excited about he was fear-mongering like imagine if everybody could have a swiss bank account in their pocket not just my friends not just all of the other people in congress not just all of our lobbyists all of the executives who pay for our campaigns all of our weapons manufacturers ceos all of the people i ever talked to but everyone like those people of course barack obama was wrong because crypto is not like having a swiss bank account in your pocket crypto is like having a swiss bank in your pocket and you are the ceo because on your wallet you can create a million addresses and accounts on your little phone and you can ins institute international wire transfers and you can kyc yourself like
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