China, a Finger in the Pie, Drug Pie! By Brian Simpson
China is dominating the money laundering business in America for the South American cartels. Well, how does that go down with the American Renaissance proposal of East Asians having less crime than goofy whites? More naïve empiricism I suppose.
“Former head of the Drug Enforcement Administration’s Special Operations Division Derek Maltz on Monday claimed that the Chinese “are dominating the money-laundering services business in America for the cartels”.
In an appearance on “The Sara Carter Show” podcast, Maltz and host Sara Carter discussed security issues surrounding the deteriorating situation at the U.S.-Mexico border, when the conversation shifted toward the Chinese government.
“The Chinese now are dominating the money-laundering services business in America for the cartels,” Maltz charged, arguing that they are “picking up the cash and they are moving money from one Chinese bank account to another on their smartphones”.
“We can’t do much about that,” Maltz continued. “They’re using encrypted apps, and they’re moving money, and then they’re buying consumer goods over in China, they’re shipping the goods into South America or Mexico—wherever—and they’re selling the goods, and everybody’s making money. And the poor law enforcement is in the dark because the laws are so antiquated. And these are […] countries around the world that are making a lot of money off the drug problem in America.”
Furthermore, Maltz went on to claim that “They have Chinese nationals—young kids—running around the country picking up millions of dollars, they give it to businessmen and Chinese businessmen in the U.S. because there’s an export limit of $50,000 a year out of Beijing, so they need cash here to buy houses, to buy property, […] to put their kids in school. So, they pay cash.”
No doubt Jared will be getting back to us on this issue.