anthony: so things were in decline. cocaine sort of saved the city? alfred: we d say so. am i going to get in trouble for it? yes. billy: by 1981, you had a murder rate. 635 homicides, 25% of those bodies had automatic weapons bullets. anthony: right. anthony: we talk about the uncomfortable reality of where a lot of modern miami came from over something you just have to hit hard when in miami in season. stone crabs. alfred: federal reserve branch in miami had a $5 billion cash surplus. mostly 50s and $100 bills all of which had trace elements of cocaine on them. billy: and the guys who were in cocaine trafficking in the 70s and 80s got out and are now big medicare fraudsters.
in miami in season. stone crabs. alfred: federal reserve branch in miami had a $5 billion cash surplus. mostly 50s and 100 dollar bills all of which had trace elements of cocaine on them. billy: and the guys who were in cocaine trafficking in the 70s and 80s got out and are now big medicare fraudsters. alfred: we re whispering because they re probably here. anthony: so where s the money now? how s business in general in miami and where is that business coming from? billy: oh remarkably, the rebound from the great recession, the people thought it would take almost a decade for all the condo inventory to get absorbed and it seemed to happen almost overnight by 2010, 2011 things have turned around here were in the middle of another huge boom.
alfred: federal reserve branch in miami had a $5 billion cash surplus. mostly 50s and 100 dollar bills all of which had trace elements of cocaine on them. billy: and the guys who were in cocaine trafficking in the 70s and 80s got out and are now big medicare fraudsters. alfred: we re whispering because they re probably here. anthony: so where s the money now? how s business in general in miami and where is that business coming from? billy: oh remarkably, the rebound from the great recession, the people thought it would take almost a decade for all the condo inventory to get absorbed and it seemed to happen almost overnight by by 2010, 2011, things have turned around here were in the middle of another huge boom. so, who is buying? wealthy foreigners. a lot of flight capital from overseas in latin america, south america, russians. anthony: russians?
of which had trace elements of cocaine on them. and the guys who were in cocaine trafficking in the 70s and 80s got out and are now big medicare fraudsters. we re whispering because they re probably here. so where s the money now? how s business in general in miami and where is that business coming from? remarkably the rebound from the great recession, the people thought it would take almost a decade for all the condo inventory to get absorbed and it seemed to happen almost overnight. by 2010, 2011, things have turned around here. we re in the middle of another huge boom. who is buying? wealthy foreigners. a lot of flight capital from overseas in latin america, south america. russians. if it is money looted from another country, do we care? trickle down, boys. trickle down. it has propped up miami once again with another inflated bubble. the question is, how long will it last?
all of which had trace elements of cocaine on them. and the guys who were in cocaine trafficking in the 70s and 80s got out and are now big medicare fraudsters. we re whispering because they re probably here. so where s the money now? how s business in general in miami and where is that business coming from? remarkably the rebound from the great recession, the people thought it would take almost a decade for all the condo inventory to get absorbed and it seemed to happen almost overnight. by 2010, 2011, we re in the middle of another huge boom. who is buying? wealthy foreigners. a lot of flight capital from overseas in latin america, south america. russians. if it is money looted from another country, do we care? trickle down, guys, trickle down. the question is how long will it last?