(Mexican) Migrant Dollars More Valuable than Black Gold (Mexican oil revenues)

fnsnews ^ | September 3, 2015

[dennisw]

Migrant Dollars More Valuable than Black Gold

For the first time in 15 years, dollars sent home by Mexicans working in the United States have surpassed the value of Mexico’s oil exports. According to the central Bank of Mexico, the flow of migrant remittances from the U.S. reached $14.3 billion from January to July of this year. In contrast, money earned from oil exports came to about $12.2 billion during the same time period, according to the Pemex national oil company.

Alfredo Salgado Torres and Juan Jose Li Ng, analysts for the BBVA-Bancomer bank, attributed a spike in remittances to better conditions in the U.S. economy, exemplified by improved employment in states with large immigrant populations like Texas and California, as well as the ongoing peso devaluation that provides greater incentives for migrants to send money to their loved ones back home.

The average remittance received in Mexico for the January-July time frame totaled $296, an amount slightly higher than for the comparable period in 2014. However, dollars buy more in Mexico this year than they did last year.

The historic plunge of the peso, “could revalue the sending of money to Mexico and explain the greater frequency of (money) transfers as well as the increase in the average remittance in July,” Salgado and Li Ng said.

Low oil prices also factor greatly into the remittances/oil equation.

July’s capture of $2.23 billion in migrant remittances exceeded Bloomberg’s expectation of $2.1 billion for the month. For the first seven months of the year, migrant remittances in Mexico increased 4.5 percent in comparison with the same period last year.

Sources: La Jornada, September 2, 2015. Article by Roberto Gonzalez Amador. El Diario de Juarez/Reforma, September 1, 2015.

[dennisw]

Mexico is a bastion of wealth compared to Central American nations which are really wretched.

They all send their people north so that they will send money back home. Its all about the money money money plus getting rid of their surplus poor then crying racist when we object to being Latin America’s dumping ground

[DAC21]

And this is why there should be a 10% fee for all wire transfers, and money orders going to Mexico. Use the funds to build the wall. The Mexican Postal system is too corrupt to chance sending cash in a envelope, but what they hey, make postage stamps for Mexico $10 a pop to cover all bases.

[DaveA37]

” Its all about the money money money plus getting rid of their surplus poor then crying racist when we object to being Latin America’s dumping ground”........

I have been saying this for years. When/if we get a real president (Trump?) perhaps he will put a stop to sending American dollars out of this country.......maybe change to paying in “script” or some other type currency, redeemable ONLY IN AMERICA. Might stop some of the outflow.

[DaveA37]

“make postage stamps for Mexico $10 a pop to cover all bases.”...

They'd probably setup an off shore go-between to receive and resend the funds to Mexico.

[Liz]

A sworn affidavit by Mexico’s consul general to a Texas court admits that Mexico’s official policy is to encourage its poor people to migrate here illegally in order to access the US’s generous welfare system......declaring that “Mexico is responsible to protect its nationals wherever they may be residing.” MORE BELOW

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EXCERPTED FROM AFFIDAVIT FROM MEXICO TO TEXAS COURT this explosive document filed in Texas by the government of Mexico adds fuel to the debate touched off by Donald Trump.....

THE MONEY QUOTE A footnote states that “Mexican nationality is granted to children born abroad of a Mexican born parent.” IOW, anchor babies born in the US retain their parents’ Mexican nationality.

A sworn affidavit by Mexico’s consul general admits that Mexico’s official policy is to encourage its poor people to migrate here illegally in order to access the US’s generous welfare system......declaring that “Mexico is responsible to protect its nationals wherever they may be residing,”

The Mexican consul’s sworn testimony asserts that “My responsibilities in this position include protecting the rights and promoting the interests of my fellow Mexican nationals” and “The main responsibility of consulates is to provide services, assistance, and protection to nationals abroad.”

Ergo, Mexico’s assertion of continuing jurisdiction over its “nationals abroad,” is inconsistent with any claim to automatic US citizenship merely by reason of birth on US soil.

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MEXICO IS SLOBBERING AT THE US PUBLIC TROUGH The "impoverished" Mexicans here send BILLIONS of US tax dollars collected under multiple identities BACK to Mexico. The federales are getting a huge cut of that.

Trump tells Americans oil-rich Mexcio is ripping us off royally......and pocketing billions from deal after deal. This is in addition to US foreign aid to "help" them w/ then the drug cartel problem.

Mexico calculatedly sends their parasite classes over the border illegally to ride the US gravy train.

[Liz]

PING

[Lurker]

10%? Make it 50%.

L

[dennisw]

Thanks Liz and good morning to you!

[Liz]

Thanks for the thread-—good info.

[Liz]

JUST A REMINDER TAXPAYERS : $266 million tax dollars (that we know of) in the current spending bill is going to Central America earmarked for "humanitarian aid to the children."

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WHAT ACTUALLY HAPPENS TO HUMANITARIAN US FOREIGN AID TO THESE "IMPOVERISHED" COUNTRIES?
Former Guatemala Prez used US banks to launder foreign aid millions
thieving Guatemalan was elected to "redistribute" the dirt-poor nation's wealth.

Alfonso Portillo---ex-president of Central America's Guatemala--- faced charges in New York that he used US banks to launder millions looted from his impoverished nation. Alfonso Portillo took office in 2000 pledging to (ahem) redistribute Guatemala’s wealth.

Portillo, 61, allegedly ran scams to drain the impoverished country's coffers. The feds say Portillo embezzled about $2.5M provided by the Taiwanese embassy....$1.5 million was earmarked for “Libraries for Peace”....books for school kids.

Portillo colluded w/ corrupt C/A insiders---he personally endorsed three $500,000 checks issued against an account at the Intl Bank of China in Manhattan, then deposited the cash in the Miami bank account of a Guatemalan bank controlled by a close associate and political supporter.

The embezzled foreign aid money was funneled to bank accounts in Paris in the names of Portillo’s ex-wife and daughter.

<><> Portillo swindled nearly $4M defense funds ...

<><> plundered the national bank run by his alleged co-conspirator...

<><> through overdrafts financed by public reserves the pilfered foreign aid money paid for expensive watches and cars, for Portillo and his associates. (NY POST excerpt 5/28/13)

SOURCE http://www.nypost.com/p/news/local/
former_guatemala_program_used_from_bJ7Akdr3YK85070OumW5FN

[Caipirabob]

The exit of American cash was enough to trigger federal interests in the Colombian drug trade. Why isn’t this enough to trip a massive backlash? I mean, unless obama wants our nation to die...

[Liz]

THAT SUCKING SOUND YOU HEAR These cunning connivers establish several identities and suck at the public teat 24/7.

(a) One latino (who got caught) ripped off UI for some $3.4 MILLION using several identities.

(b) The Washington state rapist had 30 identities----collecting (and voting) many times over.

(c) Congress needs to curtail funding the heinous Merida Initiative---whereby Mexico collects millions in US tax dollars for their "drug problem"........a problem they created.

(d) There's the millions of tax dollars handed over to bloodthirsty La Raza---which teaches violence and killing American in our schools.

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La Raza Studies does not even try to sugar-coat its anti-America agenda and its bloodthirsty plans to kill off Americans:

Raza Studies textbook “Occupied America,” by Rodolfo Acuña, includes a violent and blood-curdling speech given by university professor Jose Angel Gutierrez: “We have got to eliminate the gringo, and what I mean by that is, if the worst comes to the worst, we have got to kill him,” (pg. 323). The following is taken directly from La Raza's Occupied America (pg. 167): “.......execute all white males over age 16,” (AKA the Plan of San Diego).

America-hating Raza Studies teach (1)inflicting violence on Americans , (2) undermining US ntl security, and, (3) the need for Mexico to "re-take seven states in the Southwest...in order to make the SW a Chicano nation. "

SCHOOL BOARD NUT CASE Adelita Grijalva is the woman on the Arizona school board pimping La Raza indoctrination programs in Tuscon schools. Adelita is all up in arms about Raza Studies getting tossed via the AZ state legislature's action...

....she is the daughter of Raul Grijalva (D-AZ-7) who was just narrowly re-elected to our US Congress. Cong Raul Grijalva is one of Mexico’s most productive and loyal Fifth Column in the US Congress....aiding and abetting the latino criminal underworld, colluding to take back the SW, and looting and pillaging the US treasury.

Raul and friend.

[Liz]

OPEN THE BOOKS OF the Congressional Hispanic Caucus NOW

This money grab is most assuredly being facilitated thru collusion and conspiracy by the Congressional Hispanic Caucus (C/H/C) to increase their political clout, and to jet-stream US foreign aid to their Third World masters.

US tax dollars are then laundered, then funnelled back as campaign donations to amnesty-worshippers' campaign coffers.

The close-mouthed Congressional Hispanic Caucus has been much too secretive about its role in financing, and, possibly using Congressional earmarks to finance the overthrow of the US govt.

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SUBPOENA CELL PHONE RECORDS, COMPUTER DISKS, HARD DRIVES, WIRE-TRANSFERS to determine whether the Hispanic Caucus colluded w/ foreign govts to aid and abet the overthrow of the US govt.

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Taxpayers demand to know the scope and dimension of the Congressional Hispanic Caucus using government offices for illegal purposes.

Taxpayers demand to know if members of the Hispanic Caucus belong to and/or finance violent latino groups advocating the overthrow of the US govt.

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Taxpayers demand documents held by the Hispanic Caucus be scrutinized for possible falsification.

Falsifying Government Documents involves altering, changing, or modifying a document for the purpose of deception.......can also involve forgery and/or passing copies of false documents. Falsifying documents is usually done in connection with broader criminal aims, such as extortion, government fraud, tax evasion, money laundering, financing terrorism........

Types of documents commonly falsified may include:
◾Tax returns and income statements
◾Personal checks
◾Bank account records
◾Business record keeping books
◾Immigration documents (such as visas, passports, etc.)
◾Identification cards and birth certificates

Many different types of acts can be considered as falsifying a document, including:
◾Altering or misrepresenting factual information such as prices or monetary amounts
◾Stating false information when requested to provide truthful statements
◾Forging a signature
◾Using official letterheads without authorization
◾Concealing assets or property WRT obtaining federal/state grants))
◾Knowingly using or distributing a fake document

A person can only be held criminally liable if they are deliberately acting with the intention of deceiving or defrauding another party.

Falsifying documents is a very serious offense and is generally classified as a felony. This means that a person charged with falsifying documents may be subject to the following legal penalties:
◾Having to pay a monetary fine
◾Incarceration in a prison facility

Depending on the gravity of the offense, as well as individual state laws, falsifying documents can result in a prison sentence of 5-10 years. Also, if government documents or authorities were involved, the legal penalties may be more severe. ..... legal penalties may increase with repeat offenses.

The penalty for falsifying government documents is outlined in the Crimes Act of 1958.

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ACTION NOW---GET FULL FINANCIAL DETAILS ON THE C/H/C
ASK YOUR REPS TO GET YOU THIS INFO ASAP.
All tax monies expended by the C/H/C must be explicitly detailed and published in the Congressional Record or Federal Register.

CONTACT CONGRESS WEB SITE http://www.contactingthecongress.org/

OPEN THE BOOKS OF the Congressional Hispanic Caucus NOW

[Mike Darancette]

We need some type of tariff on remittances from illegal aliens to other countries.

[Dana1960]

I believe this might be the best piece I’ve ever read about the corporatists, Mexico,and all the rest of the bad actors that I’ve ever read. I’m new around here so I don’t think I’m supposed to post this kind of stuff yet. But maybe someone else might find it useful. Especially the remarks about Paul Ryan.

http://sultanknish.blogspot.com/2015/08/dear-corporate-america.html#comment-form

[Mike Darancette]

“THE MONEY QUOTE A footnote states that “Mexican nationality is granted to children born abroad of a Mexican born parent.” IOW, anchor babies born in the US retain their parents’ Mexican nationality.”

The Mexican anchor babies are subject to the jurisdiction of Mexico.

[HiJinx]

Ping!

Click the keyword Aliens to see more illegal alien, border security, and other related threads.

[bgill]

Thanks to the open border US dollars are now Mexico’s #1 GNP. That is just one of the world’s countries we’re supporting.

[Mr Apple]

"....the flow of migrant remittances from the U.S. reached $14.3 billion from January to July of this year.

This $14.3 billion should have been earned by Americans, white and black folks who are desperately looking for a job here in our country. These scumbag illegal corn cob chewers need to get out and go back to meheco.