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🚨 China’s Underground Banks Linked to $300B Fentanyl Scam Via Canada, Report Finds

The Daniela Cambone Show Oct 10, 2025

The U.S. Treasury Just Confirmed What Sam Cooper Warned About

Could America’s closest ally be one of the world’s biggest criminal laundromats? According to journalist Sam Cooper, the answer is yes—and now, even the U.S. Treasury agrees.

A shocking new Treasury report has validated years of Cooper’s investigative work: Chinese underground banking networks and Mexican cartels are using Canada to launder over $300 billion in drug money, primarily through real estate, banks, and luxury assets.

This revelation, once dismissed as “conspiracy,” is now official policy concern in Washington. And the timing couldn’t be worse—amid collapsing trade ties, fentanyl flooding North America, and a Canadian economy teetering under historic debt and unemployment.


Fentanyl, Cartels, and the Canadian Blind Spot

In her latest interview, Daniela Cambone sat down with Sam Cooper to cut through the political noise. Cooper, author of Willful Blindness, described how Canada’s weak laws and politicized enforcement have turned the nation into a Western Hemisphere hub for organized crime.

“Canada is being used like a global money laundering tool,” Cooper said. “The fentanyl, the meth, the ecstasy—they don’t move without the laundering architecture. That means Canadian banks, law offices, and real estate firms.”

Key points from Cooper’s findings:

  • The U.S. Treasury identified over $300 billion in laundering activity connected to Chinese “Vancouver Model” networks.

  • Mexican and Chinese cartels are now embedded in Canada’s financial and legal systems.

  • Vancouver and Toronto are the epicenters—where illicit cash is washed through housing markets and shell companies.

  • Canada has failed to prosecute major cases due to “weak and outdated laws.”

The result? Canada is not just a conduit—it’s become a safe haven for global crime, with consequences that now reach Washington.


Economic Fallout: Ottawa’s House of Cards

While Ottawa blames U.S. tariffs and trade wars, Cooper points to a deeper rot. The Canadian economy, already reeling from 7.1% unemployment and a plunging loonie, has been hollowed out by dependence on hot money.

Under Trudeau, and now Prime Minister Mark Carney, foreign capital—much of it illicit—has inflated real estate bubbles, distorted GDP, and masked economic decline.

“Canada could be a superpower in energy and minerals,” Cooper warned, “but instead, it’s trapped in a web of political corruption, jurisdictional paralysis, and dirty money.”

This isn’t just a Canadian crisis—it’s a continental one. As Trump pushes for tougher border policies and demands action on fentanyl, Carney’s government is being forced to choose: reform or isolation.


The U.S. Is Watching—and Losing Patience

Cooper revealed that Washington’s intelligence community and Treasury officials are now openly concerned that Canada’s lax laws are a national security threat.

“President Trump won’t lift tariffs or relax border controls unless Ottawa aligns with U.S. anti-cartel enforcement,” Cooper said.

The implication is chilling: if Canada remains a weak link, it could face economic retaliation, trade restrictions, or capital flight. In effect, Canada’s sovereignty is being compromised—not by foreign armies, but by its own refusal to police its financial system.


Gold & Silver: The Last Safe Havens Amid Financial Corruption

When the U.S. Treasury admits the financial system is awash in $300 billion of laundered drug money, how secure can paper wealth really be?

Each new scandal—whether in Canada’s banks, Wall Street funds, or central bank policy—reinforces the same truth: the system is built on trust that no longer exists.

This is why physical gold and silver continue to stand apart:

  • They’re tangible assets, not tied to banks or governments.

  • They act as an inflation hedge and a store of value when fiat systems falter.

  • Unlike digital currencies or ETFs, they’re outside the reach of financial manipulation and policy failure.

As the cracks widen in the North American alliance, owning real gold and silver isn’t just about profit—it’s about preserving independence from a collapsing financial order.


Conclusion: The Cost of Willful Blindness

Canada’s $300 billion laundering scandal isn’t an isolated failure—it’s a warning. When nations allow dirty money to replace real production, when banks become accomplices, and when politicians treat cartels as “trade partners,” collapse is inevitable.

The U.S. Treasury’s confirmation has pulled the curtain back. What happens next will determine not just the fate of Canada’s economy, but the integrity of the North American financial system.

And for individuals, it’s a stark reminder: in a world of corruption and currency decay, the only wealth you truly own is the wealth you can hold.


About ITM Trading

ITM Trading has over 28 years of experience helping clients safeguard their wealth through personalized strategies built on physical gold and silver. Our team of experts delivers research-backed guidance tailored to today’s economic threats.

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