
Money Laundering: A How To Guide For The Modern Global Billionaire
Economics Explained
00:00
The Problem Is That You Can't Take Your Money Out of China
Millionaires and billionaires are sending all of their money overseas. China has set severe limitations on the amount of Chinese R&B that can be exchanged for other currencies in a given year. No individual can exchange more than the equivalent of US$50,000 worth of Chinese currency in a given calendar year. If you are trying to move a billion dollars, that's going to take you more than like 3 years to do. So what you do instead is this, run your money through a casino. Fortunately for you, Macau is conveniently right next door in its own special economic zone. This city is the largest gambling centre in the world,. handily beating out Las Vegas, which comes
Transcript
Play full episode