What else does our noble trading partner, communist China, getting all of the iron ore in readiness for World War IIII, shades of “Pig Iron Bob,” do in its down time? Why there is no down time! Not when there is global money laundering to do, way down Mexico way. The Black-Market Peso Exchange (BMPE) is the largest money laundering scheme in the West, and communist China is now taking it over. The system previously worked by, for example, a Colombian drug cartel selling millions of dollars of cocaine in the United States. The cartel sold these dollars to a Colombian peso broker at a discount, and in return, obtained pesos back in Colombia. Now China has moved in on the action: “Fronts for Mexican drug trafficking organizations use illicit proceeds to buy container loads of cheaply made Chinese goods. Using the trade-based money laundering (TBML) technique of over-invoicing, low-quality Chinese manufactured items are made to appear on paper as being worth significantly more. Payment for the goods is sent out of the country. That’s the wash.”
So, as with everything, communist China, thanks to globalism and unfree trade, is even taking over the money laundering game. I guess, for them, it beats swinging a hoe for a living!
