Student’s funds seized after he paid $500,000 rent on penthouse blares the completely true but nevertheless Misleading Headline. The general intent of the Misleading Headline in this case is essentially to attract clicks. What, I asked myself, is all of this about? Probably I’m not alone in thinking some poor student is being mistreated by a government agency. Nope.

In this case, a young fellow Vlad Luca Filat moved to London and began studying. He made a number of luxury purchases including the penthouse in question. At issue is that he has no source of income and his father stole in excess of a billion dollars from Moldova while serving as the prime minster of that country. The general assumption being that Filat was using the money his father stole to finance a lavish lifestyle.

The National Crime Agency of the United Kingdom determined this is exactly what happened and seized the young man’s assets.

While the story is certainly a Misleading Headline it shines a light on the enormous amount of money being stolen by politicians in virtually every country in the world. I wrote about a year ago how the world is awash in untraceable money largely looted from the taxes of various nations, that is to say the average person. The looting is worse in some places, in Moldava the amount stolen was equal to 12% of the entire nation’s GDP, but there is no doubt it is happening everywhere including the United States.

This huge amount of stolen money isn’t really a problem for politicians because they’re the ones stealing it. They purchase all sorts of luxury items and pat themselves on the back for helping the economy. The amount of money is so enormous that no one can easily track it and politicians and their allies are simply fools if they don’t join in. That’s the world in which we live. Don’t blame me.

Tom Liberman