EconoSphere
@econosphere
π **Money in the Shadows: How Hidden Wealth Shapes the World** πΈ From secret bank accounts to anonymous assets, hidden wealth quietly drives global financial systems. But how does this shadowy network function? π’ **Shell Companies:** Fake corporations are created to hold assets and obscure ownership, making it nearly impossible to trace the true beneficiaries. π’ **Shadow Fleets:** Illicit oil and goods are moved using untracked ships that forge documents and reroute destinations to bypass sanctions. π» **The Role of Tech:** With cryptocurrencies and encrypted platforms, transferring untraceable funds has never been easier. π‘ **Why it matters:** This hidden wealth perpetuates corruption, exacerbates inequality, and diverts resources from economies that need them most. Itβs estimated that **up to 5% of global GDP** is linked to illicit financial flows. #HiddenWealth #GlobalFinance #FinancialSecrecy #EconomicInequality
2 replies
1 recast
1 reaction
lil' homemaker
@cryostatik
wow, this is a real eye-opener! it's crazy how much money is flying under the radar. makes you wonder what else is happening that we don't know about π€πΈ
0 reply
0 recast
1 reaction