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Jose Santamaria Chief Investment Officer, Fundamental Investment Services

Spain's Rising Crime and Immigration Challenges

Aired on 77 WABC 4:01 More with Santamaria

Audio via Spreaker for 77 WABC

Transcript

Automated transcript · uncorrected

Speaker 1 WABC was the first one to report what was going on in Spain, and it was done through one of my friends, an investment banker, Jose Santamaria. Jose, give us an update. What the heck is going on in Spain?

And thank you for the exclusive.

Speaker 2 Of course, John. First of all, to report that crime since President Sanchez has been running the country has exploded. Drugs, 61%. Sexual offenses, 200%. Homicide, 77%. This president has a record number of external undisclosed advisors, and he’s turning clearly into Cuban-style politics. As an example, some of the things that have happened recently in Ceuta, in the city of Ceuta,

include the attack of members of the military by some of the immigrants. And I think we have a big conflict. The president has a big conflict of interest. If you recall the Kids for Cash scandal in America, I think we have the same in Spain with some of these minors being hosted at very profitable rates. by some of

the Spaniards.

Speaker 1 Now, what is it? I mean, Spain is 75% Christian. What is the rest of the country saying?

Speaker 2 So let’s talk about immigration because we just finished a study. The main issue is those countries that have one-way migration only are oftentimes the ones that are unable to have immigration stabilizers. People don’t go back. And that is the problem that we have in Spain with Moroccans, in the U.S.

with Mexicans. Migration is normal between Argentinians, Italians, Spaniards. Everybody migrates at some point. The problem is when migration is one-way only. A way to solve this would be to send a bill to the country of origin and charge them for healthcare expenses of their illegal immigrants. There has to be for these countries that have one-way migration some

mechanisms to stabilize it. And of course the religious element is having an impact in the case of mainly Christian Europe.

Speaker 1 Understood. Anything else you want to tell the American people? We got another minute left. Yes.

Speaker 2 So what’s the response that we’ve seen to date about all these crises? Well, funny enough, the only one that has done something serious about a crackdown of transnational networks has been President Trump. On August 12th, he signed the National Security Presidential Memorandum, which expands capabilities to combat transnational cyber-enabled crime. And that has allowed, for example, our Secretary

of State, Marco Rubio, to announce sanctions on Italian-based autistic inventati, which are supporting some of the far-left violent groups, such as Hamas, Hezbollah, and some others, including the Catalan separatists. In the U.S., Those groups have connections into Antifa. And what I think is now more common, which we already anticipated, is who is behind the funding of these groups. We’ll

talk about that in some other chapter of our conversations.

Speaker 1 Jose Santamaria, thank you so much for coming on. And tell us the name of the company you’re currently with in New York.

Speaker 2 Fundamental Investment Services. We’re an advisory firm.

Speaker 1 Thank you so much, and let’s catch up again real soon.

Speaker 2 Oui, oui. Thank you.

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Jose Santamaria

Jose Santamaria Spain's Rising Crime and Immigration Challenges