Matthew Cox
๐ค SpeakerAppearances Over Time
Podcast Appearances
Well, that's the first iteration of the Chinese because they had to be able to get the money back to China.
See, this wasn't laundering Mexican proceeds to launder Mexican money.
This was surfacing the capital for the purposes of paying for the precursors.
And so that's where you've got a concept that's well over a thousand years in the Chinese community, in the Chinese culture called Shifan.
And so, in English, that translates to flying money.
Now, that's actually a misnomer because the money doesn't actually travel anywhere.
It's just a transfer of value system.
This is common throughout ethnic groups throughout the world.
You know, sometimes, you know, we've got it really good here in the United States.
And we're blinded by how other cultures don't have it as well.
You know, here you drive to, you know, you're right outside of Tampa.
Well, every one of these little towns has got a half a dozen banks in them.
You got a Wells Fargo branch.
You got a Chase branch.
You got Bank of America.
Right.
They don't have that in China.
They don't have that in Honduras.
You know, outside of this area here, you got all this agricultural land.
Who do you think's picking the crops?