Matthew Cox
๐ค SpeakerAppearances Over Time
Podcast Appearances
And so what you've got is a marriage of convenience where all of the Mexican drug capital that's coming to Los Angeles, tens of billions a year, can't satisfy 3% of the demand out of China.
So for the first time, you've got a ready-made institution where they're saying, we'll take all of your dollars.
We'll pay a premium for your dollars.
And that's one of the operations that was recently taken down in Los Angeles where Operation Front Runner, where this individual, this Chinese guy, and this Mexican national.
Well, they're driving through the port of entry.
In Tijuana.
Well, this was 2021.
After the COVID pandemic.
And so, yeah, so he gets caught crossing the border.
Prior to this, there was plausible deniability on the Chinese part.
Well, they're like, hey, we're just buying cash.
No, no, you actually went to Sinaloa.
You knew whose money it was.
And in the span of a two-year period,
That guy alone was $50 million.
That's just one network.
Now imagine dozens of networks all up and down the West Coast.
They've completely disrupted the Vancouver real estate market, the San Francisco real estate market, their entire pockets of Los Angeles that are now predominantly Chinese.
Where people aren't actually living in the houses.
Right.