U.S. Treasury Secretary Steven Mnuchin remarked final week reported $1.5 trillion in lacking money — largely 100 greenback payments — was “sitting in financial institution vaults everywhere in the world.” The famously anti-bitcoin U.S. official famous that “there’s quite a lot of ‘Benjamins’ everywhere in the world” and emphasised the energy of the foreign money as the principle cause many in different international locations want to possess it. The remarks come off as flippant to some, contemplating Mnuchin is among the main pushers for monetary regulation and anti-money laundering rhetoric.
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$1.5 Trillion in Money Unaccounted For
In a current interview with Fox Information’ Lou Dobbs, U.S. Treasury Secretary Steven Mnuchin dismissed a query concerning a reported $1.5 trillion divot within the international money provide. The “disappearing and unaccounted for” money is…