Matthew Cox

And you don't have to worry about the Americans raiding, you know, the vendors that they were surfacing the capital through.

That's right.

Justice Department officials in Los Angeles have accused Chinese underground banking network of partnering with the Sinaloa cartel to launder money.

Sinaloa drug proceeds.

Now, here's the twist.

In 2017, the government of China instituted currency controls.

There's essentially banking restrictions that preclude wealthy Chinese from moving money out of the country without permission from the Communist Party.

Yeah, they don't like that.

Well, the problem for the Chinese is this.

Well, they want to keep their money in China and...

There are a lot of wealthy tycoons and just very successful businessmen who are concerned with the trajectory the country is on.

It's more of a collision with the Americans.

Or you saw, you know, the United States essentially start sanctioning Russian banks.

Right.

Or Western-led countries saying, well, we can confiscate this $300 billion in Russian reserves.

Well, that really spooked.

The Chinese?

All other countries in what's characterized as the global south.

Not just seizing their shit.

They banned them from the SWIFT network.