Money laundering with my grandson
Sunday, June 28, 2020
Well my grandson just turned 5 a few weeks ago. A perfect age to experience and learn about money laundering.
The two of us play a tablet game called "Hay Day". I'm a higher level experienced farmer. He is just starting, but he really likes the game. Yet there are virtual things to buy with virtual coins. He'd like a bigger barn, and so on.
But he doesn't have enough "gold coins" to do that. Each player has a virtual bank account, and I have lots of coins, ... but how to get them to his farm? I found a way. At my grocery stand I put something like virtual wheat for sale, at the lowest price, 1 coin. He buys a lot of cheap wheat. Then at his store he puts that same wheat for sale, at the highest price, 36 coins, and I buy it back. What a profit margin! In no time at all he's made so much profit that he has the coins to buy that bigger barn.
I'm helping him get ahead! He's learning about capitalism, ... or is it money laundering, ... he's learning something.
My uncle took me to the horse races when I was underage for gambling. I learned a lot about horses, odds, and all sorts of stuff. Including how some folks launder money at the races by showing winnings as "income" when its really coming from some illegal source. Of course I had some of my money on the races too ...