Posted on 02/01/2022 10:56:04 AM PST by Oldeconomybuyer
MEXICO CITY (AP) — Mexico’s central bank says remittances — the money migrants send home to their relatives — grew by 27.1% in 2021 to total about $51.6 billion for the year as a whole.
That is a record amount, despite the coronavirus pandemic, and would surpass almost all other sources of Mexico’s foreign income, including tourism, oil exports and most manufacturing exports.
(Excerpt) Read more at apnews.com ...
That is money that left the country, but has to come back eventually......................
The increase is mostly money that our children and grandchildren will have to pay back.....
Covid relief bills
Our government has dispersed almost 5 trillion dollars since this began beginning with Trump and continuing with Biden.
Trump wanted to keep 10% to build the Wall. Paul Ryan said no.
cartels gotta get paid
$51.6 billion buys lots of fentanyl and sex slaves to sell back the the addicts and pervs in this country and 'Big Guy' enterprises gets their 10% for allowing it to happen.
Now you know where all those fraudulent unemployment benefits went.
Might be positive over all.. at least in a fiduciary sense... less money in the economy means less money chasing products = <inflation?
Levy a 95% tax rate on all international money transfers to cover the cost of illegal migrants on the public dole.
Hey Libs - here’s a tax opportunity!
Tax-free remittances...
What a deal!
What we need is 50 million remittances in MIVs instead of cash...
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