Money laundering

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Similar with hoarding of goods, One of the major problem we have with some of the rich people mostly politicians, is money laundering. This has eaten deep in the economy of various countries. It's one of the reasons we think that the money in the country is not circulating, if not properly attended to, the circulation may stop and it can affect the economy or at most reduce the value of the countries currency.

I ask myself, Why do people launder?. Well, the answer is not really covered up with a blanket, it's basically because of greed, not being contended with what they have and inability to understand its people. And mostly also the fear of loosing the position held.

I hope for a better country where money is circulating freely without discrimination.

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Comments

Money laundering is really a bad thing and is really affecting the country

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4 years ago

I totally agree with you, the issue of money laundering is a big menace in our society today and if adequate measures are put in place it will escalate.

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4 years ago

Money laundering is something that has been on right from time... Especially among those in power... It would require a strong system of government to stop this act.

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4 years ago

As a kid I never understood the concept of money laundering. I though it meant washing the money 😂. But now I understand it is whitening the black money

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4 years ago