Equity withdrawn from homes was around 2% of GDP in 2019.

Money laundering is estimated to be around 2-4% of GDP in Canada.

Either the Liberals used a housing crisis to pad GDP, or they didn& #39;t know, and aren& #39;t smart enough to be in office.

When does Adam Vaughan resign?

2./ Transparency International found. over the past decade, ~$35 billion in Greater Toronto property was bought with no idea who the corporate owners are due to a lack of public ownership data.

$25 billion was bought using cash from unregulated lenders without AML regulation.

3. Still, no action? Weird. International gangs made a casino too dangerous for a money laundering investigations? Weird.

I wonder how the federal government would respond to such allegations of corruption. Clearly they would do something! https://globalnews.ca/news/7593419/bc-casinos-too-dangerous-cullen-commission/">https://globalnews.ca/news/7593...

4. What& #39;s that? Oh, the Liberals actually ended up shutting down the RCMP financial unit in Ontario when told about the increasing amount of financial crimes in the country? How strange. https://www.thestar.com/news/investigations/2020/01/15/the-rcmp-is-shutting-down-its-financial-crimes-unit-in-ontario-heres-why-former-top-mounties-says-its-a-mistake.html">https://www.thestar.com/news/inve...

5. The standing committee of finance heard from experts that luxury cars were being used to launder cash. Nothing.

A 2019 report showed a US$410 million money laundering scheme using luxury cars.

Still no Federal rules? Weird. https://www.scmp.com/news/china/money-wealth/article/3009330/chinese-cash-fuels-vast-luxury-car-laundering-scheme-canada">https://www.scmp.com/news/chin...

6. The BC government told the Fed about a money laundering scheme used by cartels, where they would enroll "students" who would pay their tuition with bags of cash, withdraw, and presto — clean money.

Did the Feds crack down on this? Nope. Only BC. https://vancouversun.com/news/local-news/b-c-universities-move-to-ban-cash-payments-for-tuition">https://vancouversun.com/news/loca...

7. This is always a fun one. The vast majority of cash from China is probably clean, but illicit capital moves where there& #39;s little scrutiny.

If China& #39;s capital controls are $50k, how do people make a down payment on a house? The answer is in this Big Five bank sign.

8. At this point, it& #39;s not negligence. The Fed has been warned many times over by every financial organization on the planet.

They ignored it because it prints really good economic indicators. What& #39;s the problem if money launders buy the homes, cars, and boost GDP? Well...

9. A money launderer& #39;s goal is to move as much cash, as fast as possible.

When they buy a house, they don& #39;t buy a house. They buy a low scrutiny capital token.

What happens when you buy the house next door? You use their token as a comp. More https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten"> https://twitter.com/StephenPunwasi/status/1300222309760811009?s=20">https://twitter.com/StephenPu...