Matthew Cox
๐ค SpeakerAppearances Over Time
Podcast Appearances
So now they're not going to be able to conduct foreign transactions or they're banned from the Western world.
The Western world's banking networks, banking structures.
And so if you're a wealthy Chinese individual, you want to start hedging your bets a little bit.
Right.
And what's interesting is in 2022, the American government estimates is that there was some $30 to $36 billion in drug proceeds generated in the United States by the Mexicans.
That same year in 2022, capital flight from China was over $900 billion.
So what you have are wealthy Chinese individuals who want to purchase American dollars.
They can't move money beyond $50,000 out of the country.
So what do they need?
They need somebody in the United States who has access to dollars.
Well, who's got cash?
The Mexicans.
So for the first time, there was a marriage between Chinese citizens who aren't criminals.
These are just wealthy individuals that want capital.
Well, the thing is, they don't know.
They're not being told you're buying Mexican cartel drug money.
They're just saying, hey, we've got a pool of capital.
Hey, Chad, we've got money in the United States.
Would you like to buy some?
Sure, I'll take that money.