Equity withdrawn from homes was around 2% of GDP in 2019.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't know, and aren'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.
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
7. This is always a fun one. The vast majority of cash from China is probably clean, but illicit capital moves where there's little scrutiny.

If China'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'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's the problem if money launders buy the homes, cars, and boost GDP? Well...
9. A money launderer's goal is to move as much cash, as fast as possible.

When they buy a house, they don'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://twitter.com/StephenPunwasi/status/1300222309760811009?s=20
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