Matthew Cox
๐ค SpeakerAppearances Over Time
Podcast Appearances
Right.
The network amongst Chinese nationals, the underground banking system, is too well established.
And the only way to essentially undermine this would be for the Chinese government to change the reporting requirements within China or loosen up their restrictions on capital flight.
But until either one of those two are taking place, there's going to be very little opportunity for the American government to stop this, particularly where you get a city like in Los Angeles where we have four triads operating.
One of them is ethnic Chinese based out of Taiwan, but the other three are straight in China.
And so when you've got...
A Chinese organized crime network sitting on top of a 1,500-year-old financial network, sitting on top of a pool of money that's begging to pay 30% or 40% premiums.
And it's exactly what I'm saying.
The infrastructure has been plummeted.
You've got literally this entire operation for $50 million was like two Chinese guys, you know, five or six Mexicans.
There was like a total of 12 people indicted.
That's the entire operation.
All the Chinese.
$60 million.
All the Mexicans, 12 people.
Two Chinese, you know, a handful of Mexican nationals, and the rest are just drivers.
Right.
And so that's what...
So, anyhow, that's what you wanted to discuss, this development.
Fight him, you had a gun.