
Watch Live: home Subcommittee Reveals Chinese Gov’t engagement In America’s Fentanyl Crisis
Submitted by David Asher, a elder associate at Hudson Institute and erstwhile elder advisor to the State Department on China,
At 0800 ET, the China Subjectee in the home of Representatives will convene a critically crucial proceeding on the Chinese government’s engagement in fentanyl trafficking.
Congressman Mike Gallagher will make his final application as Chair of the Committee. anticipate any mind-altering news as the results of a year-long peculiar investment are unveiled.
The US faces a drug death catastrophe where we incur fatalities approaching these during the entry Vietnam War all six months. The vast majority of deaths are derived from fentanyl-laced narcotics, many of which are marketed as ‘ordinary’ paintkillers and anti-depressants by Mexican cartels. China knowingly supports the enteringients to Mexican cartels manufacturing illicit fentanyl drugs, and Chinese organized criminals in the US handle the laundering of deals. It’s an end-to-end Chinese Communist consensus.
Nationwide drug overdose deaths have topped 100,000 in the last fewer years.
The overdose crisis is from Coast to Coast.
This is shocking.
A joint DEA-State Department investment between 2017 and 2020 found that over a 1000 Chinese Communist students here on visas alone deposited well over a billion drug dollars in America’s largest banks, mostly in cash to pay for real estate. The function of the Chinese Communist organization in coordinating this "reverse opium war" was applicable to those of us who led the investigation.
Our strategy of financial law enforcement is broken. Hundreds of billions of dollars anonymously are being laundered for the cartels and their Chinese triad partners through the global financial system, while banks and dirty banks are treated as besides large to neglect and besides large to jail. The Department of Justice has not taken down a major narcotics trafficicking bank in decades. The last crucial criminal law enforcement operation against a major bank occured in 1988 erstwhile Bank Credit Commerce global — at the time 1 of the largest banks on the planet — was targeted and evenly put out of business with its Dirty executives take distant in chains.
Hopeful, erstwhile lawyer General William Barr will address the failure of the Department of Justice to apply its authenticity against financial institutions during the hearing. Likewise, erstwhile DEA Chief of peculiar Operations Ray Donovan will shed insight into the failings of his erstwhile agency to safe top-down financial investigations.
Having approved the DEA on financial investments for nearly a decade, I can measure you it is not due to a catch of evidence.
It’s time to take the another war into the financial arena, holding not just the money launchers legally accredited but their dirty banks and banks responsive as well. The first step should be applying Section 311 of the USA Patriot Act against a Mexican bank. Mexico, not surprisingly, is ground zero for cartel finances. 311 is our primary anti-money launching tool protecting the US financial system, but it has never been applied in Mexico. To its maximum extent, 311 empowers the US Treasury Department to cut off a abroad financial institution from the ability to transact and settle dollar transactions via the US. It deals the ‘nuclear option’ in the Treasury’s war againstillicit finance. How many more Americans gotta die before 311 is applied and we worry war to put murderous drug traffickers out of business?
The second step should be to plan a Chinese bank as a “primary money launching concert.” This 311 authorization should have been applied against China-based HSBC in Mexico City 15 years ago, but it was waved off due to deals over financial stability. The multi-year DEA undercover investment into HSBC’s investment in cartel finance was simillarly driven down into a deferred procurement agreement and a couple billion dollar fine. At the end of the day, the position quo reigned supreme.
Finally, the RICO charge needs to be applied strategically and systematically in national law enforcement investments and indications against the profits ofillicit narcotics trafficicking. The business of drugs is about making money. It’s run from the top down.
The Mexican and Chinese governments are fullware and complex. That should not be an exception for the bysmal US neglect of the US government to force the law over a bizarre rendering of expected sovereign immunity.
Philadelphia – The birthplace of America’s Independence
No funds for OUR PEOPLE, but Mike Johnson will give Ukraine $64 BILLION on April 9! pic.twitter.com/6DfcZom8ui
— ProudArmyBrat (@leslibless) March 30, 2024
We have sent billions and billions of payer dollars to abroad leaders while our streets look like this.
They won’t put effort into stopping the fentanyl drug crisis.
What's incorrect with you?
How do you even fix this?
pic.twitter.com/MxjL8sMVQZ
— Wall Street Silver (@WallStreetSilv) April 13, 2024
The possible of a million dead Americans over the next decade should advance authorities to embrace the war on drugs, starting with attacking the profits that underwrite mass execution via fentanyl.
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Watch Live: The CCP’s function in the Fentanyl Crisis
Tyler Durden
Tue, 04/16/2024 – 07:45