News for hackers. Stuff that matters.

A comment on A Chinese American gangster transformed money laundering for drug cartels. Parent comment

Re:A Chinese American gangster transformed money laundering ... by Lio on Saturday October 15, 2022 @03:15AM (#33212565)
Isn’t the reason that they payed with silver a reflection that China itself would only accept silver for goods such as tea at that time?
[ Parent | on HN ]
Re:A Chinese American gangster transformed money laundering ... by Our_Benefactors on Saturday October 15, 2022 @03:45AM (#33212706)
Yes, so by closing the trade loop with opium, there was a large net outflow of silver in addition to many other types of goods.
[ Parent | on HN ]