MIAMI'S MONEY LAUNDERERS ARE PARTYING LIKE IT'S 1980, AFTER THE TREASURY SECRETARY TOUTS A USD$250 BIL

Miami money launderers, where Bulk Cash Smuggling is revered by its resident drug money launderers as the perfect instrument to evade reporting requirements, must still be celebrating this morning, in an all-night champagne party, after the Secretary of the Treasury held up a proposed Trump USD$250 note. Doesn't he realize that any bill denominated over $100 is pure success for the money laundering industry?

Who does he think owns and holds all the €500 notes inside the EU? That item is a favorite tool of Euro-laundrymen, and most of them are currently located within Spain, where they are legendary performers. Before the EU adopted the Euro, I went on record warning that this large note would end upo in their hands; if you look, you can still see my blunt warning online, which I delivered to the UK press more than two decades ago. Nobody in Brussels listened, and look at the result. Europe is stil trying to fix that colossal mistake in judgment. 

The larger the value of paper currency, the easier it is to bulk cash smuggle it through international borders, within consumer goods being exported, and even inside or on human beings. As a practising money launderer for a decade, I moved bulk cash weekly into the Tax Havens of the Caribbean, and was never detained or interdicted in the act. Do we really want to see an explosion of Bulk Cash Smuggling, back bigger than before?

I beseech the Treasury Department to forthwith withdraw this crazy proposal, before it gains any momentum. A $250 bill would seriously set back anti-money laundering, bringing back the ineffective "Miami Vice" days of the 1980s, but with a vengeance; Do not allow this folly to proceed, please. This old money launderer knows better.