Under Trump, Mexican cartels made $500 million per year.
Under Biden, Mexican cartels are making $13 billion per year.— Lance Gooden (@Lancegooden) July 27, 2022
Fed hikes interest rates by 0.75 percentage point for second consecutive time to fight inflation
PUBLISHED WED, JUL 27 20222: 00 PM EDT UPDATED MOMENTS AGO
Jeff Cox
FTA
The Federal Reserve on Wednesday enacted its second consecutive 0.75 percentage point interest rate increase as it seeks to tamp down runaway inflation without creating a recession.
In taking the benchmark overnight borrowing rate up to a range of 2.25%-2.5%, the moves in June and July represent the most stringent consecutive moves since the Fed began using the overnight funds rate as the principal tool of monetary policy in the early 1990s.
While the fed funds rate most directly impacts what banks charge each other for short-term loans, it feeds into a multitude of consumer products such as adjustable mortgages, auto loans and credit cards. The increase takes the funds rate to its highest level since December 2018.
https://www.cnbc.com/2022/07/27/fed-decision-july-2022-.html
Some women and children that arrive still owing the cartel are sex slaves until the debt is paid.