- Jul 2, 2019
If you read the article about South Dakota, its mostly because the government looks the other way about where the money comes from. If you or I deposit ten grand, the feds get notified. If Putins buddy buys a building for ten million, its fine as long as he does it thru a shell company.
These guys actually dont mind losing 10 percent on the deal, and even paying property taxes- its much less than they would lose if the money stayed at home in Russia.
Somewhere between $400 Billion and a Trillion in "anonymous" money is parked in South Dakota alone.
Its absolutely true, though, that the Chinese, the Indonesians, Thais, and Vietnamese have not been afraid to roll their sleeves up and buy actual factories in the USA, and build things for money..
Money like this can be found going to places where legitimate businesses are growing. The dirty money competes with the non dirty money for business opportunities.
“ Its absolutely true, though, that the Chinese, the Indonesians, Thais, and Vietnamese have not been afraid to roll their sleeves up and buy actual factories in the USA, and build things for money. ”
With China for the last three decades quite a lot of money flowed there from the United States and other western countries. No doubt given the devastation of the middle class and of American manufacturing all of that investment and joint ventures would also include clean and dirty money.
So no surprise that it grows and comes back. Once the high mark is reached likely it will leave to go back or to some other acceptable environment.
Consider the most reprehensible players amassing vast wealth and we know it gets put to work. The Cartels have massive amounts of wealth and right now are directly involved on the Southern border with Mexico. This kind of money finds its way into more mainstream businesses. They like using the bad money to start respectable businesses.
The laws are written in a certain way and likely have been to make possible such financing and investments. Since it brings so much investment one wonders where the great motivation comes from to stop it if even possible as if it comes from another country then obviously that country did not stop it.
Interesting points sure. There is a large focus on the United States here as usual. It was pointed out about how railroad investors harmed the public and the robber Barron’s who did it. It ignores the vast benefits of the railroads and the way the government incentivized the building of those railroads.