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Keyword: remittances

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  • Who’s Funding Illegal Immigration? You Are.

    02/14/2024 7:46:56 AM PST · by MtnClimber · 14 replies
    AMAC Newsline ^ | 13 Feb, 2024 | Mark Krikorian
    People often ask how illegal aliens can afford to pay for their journeys. Much of the funding comes from predictable sources: Relatives in the United States may send the money, the migrant may borrow it or even indenture himself to smuggling gangs and work off the debt once here. But a lot of the money comes from the American taxpayer. At every stage of a migrant’s journey, U.S. tax money smooths the way for people planning to enter and live in the United States illegally. Start with the United Nations. The United States gave all the U.N. agencies $18 billion...
  • Anybody notice how nasty Nicaragua's Ortega regime has gotten since the migrant remittances started flowing?

    12/31/2023 12:40:16 PM PST · by MtnClimber · 20 replies
    American Thinker ^ | 31 Dec, 2023 | Monica Showalter
    The more people Ortega can drive out of his country, the richer and more oppressive he gets. With Joe Biden's migrant surge, migrant remittances follow, and some very baleful developments are happening abroad. The one that stands out is that of Marxist socialist Daniel Ortega, Nicaragua's little dictator, who along with a string of failed leaders before him, impoverished his country in relative obscurity, leaving it the hemisphere's second-poorest after Haiti. The country boasts a per capita income of about $2,200 per year which is lower than even Cubans are paid, and hard as heck to live on even in...
  • Remittances From Nicaraguan Migrants Mark New Record, Passing $4 Billion

    12/28/2023 8:59:00 PM PST · by Oldeconomybuyer · 10 replies
    US News ^ | December 27, 2023
    SAN JOSE (Reuters) - Nicaraguan migrants sent relatives back home record remittances this year through November, data from the country's central bank showed on Wednesday, fueled by massive waves of migration leaving the Central American nation in recent years. In a statement, the bank noted a record haul of about $4.24 billion in remittances for the 11-month period, 47% more than the amount sent home during the same period last year. The 2023 remittances tallied by Nicaragua's central bank showed that nearly 60% came from the senders in the United States and almost 20% from neighboring Costa Rica.
  • How Mexican narcos use remittances to wire U.S. drug profits home

    08/18/2023 5:08:26 AM PDT · by Oldeconomybuyer · 11 replies
    Reuters ^ | August 18, 2023 | By Diego Ore
    Drug cartels are using remittances – money transfers favored by migrant workers – to send illicit earnings back to Mexico. They’re hiring armies of people on both sides of the border to move small sums that are difficult to trace to narcotics kingpins, authorities say. Reuters visited Sinaloa, where some residents admitted to cashing remittances for the Sinaloa Cartel. CULIACÁN, Mexico -- A Mexican mother walked into a bank in her home city of Culiacán in the Mexican state of Sinaloa, where an $8,000 remittance from the United States was waiting. She withdrew the funds in local currency, then strolled...
  • Afghan Refugees in U.S. Are Sending Our Tax Dollars Back to Afghanistan

    08/29/2022 8:48:46 AM PDT · by SJackson · 18 replies
    FrontPage Magazine ^ | 8-28-22 | Daniel Greenfield
    Some countries run their entire economies around remittances, promoting mass migration to America, and then profiting from the"/>The David Horowitz Freedom Center Is Under Attack. Learn More Here.Frontpage Mag"Inside Every Progressive Is A Totalitarian Screaming To Get Out" @Horowitz39, David HorowitzThe PointAuthorsDavid HorowitzStoreWho We AreDH TV Mailing List DonateAfghan Refugees in U.S. Are Sending Our Tax Dollars Back to AfghanistanSun Aug 28, 2022Daniel Greenfield Not actually a surprise. Some countries run their entire economies around remittances, promoting mass migration to America, and then profiting from the money sent back to their families. Once we enabled money to enter Taliban territory,...
  • Mexico’s remittances surged 27% in 2021 to $51.6 billion

    02/01/2022 10:56:04 AM PST · by Oldeconomybuyer · 10 replies
    The Associated Press ^ | February 1, 2022
    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.
  • Money transfers to Mexico see record surge in March

    05/05/2020 9:38:39 AM PDT · by yesthatjallen · 25 replies
    The Hill ^ | 05 05 2020 | Rafael Bernal
    Mexicans received more than $4 billion in remittances from the United States in March, a 49 percent increase from the $2.7 billion sent in February, marking the biggest month-to-month increase on record. The February-to-March spike in remittances – money sent to friends and family abroad by U.S. residents – was the single largest month-to-month rise since at least 1995, the earliest year when data is available from the country's central bank, the Banco de México. Mexican President Andrés Manuel López Obrador referenced the surge in remittances at his daily press conference Tuesday, framed as part of his commemoration of Cinco...
  • Mexican Migrants Sent Home Record $36 Billion in Remittances in 2019

    02/09/2020 10:40:02 PM PST · by a fool in paradise · 57 replies
    ktla/AP ^ | FEBRUARY 4, 2020 | no byline
    Mexican migrants working abroad sent home a record $36 billion in remittances in 2019... It’s the highest level of remittances on record. It’s also greater than the $25 billion in income Mexico receives from foreign tourism, or the country’s $22.4 billion in annual petroleum exports. Mexico’s central bank said the average amount of each electronic transfer sent home was about $300...
  • Trump Threatens Guatemala With Tariffs and Remittance Fees for Breaking Safe Third Agreement

    07/23/2019 8:25:15 AM PDT · by mplc51 · 18 replies
    President Trump threatened Guatemala on Tuesday with tariffs and remittance fees after the Central American country pulled out of their agreement with the Trump administration. As The Hill reported the two countries had not formally committed to such a safe third deal, which would require Guatemala to process asylum claims from migrants who set foot there first on their way to the United States. Guatemala’s Constitutional Court earlier this month blocked President Jimmy Morales from declaring the nation a safe third country. President Trump: Guatemala, which has been forming Caravans and sending large numbers of people, some with criminal records,...
  • Remittances Key to Central American Economies Incentivizing the departure of their nationals?

    06/17/2019 12:58:28 PM PDT · by Pollard · 17 replies
    Center for Immigration Studies ^ | 6/4/19 | Andrew R Arthur
    As the Chinese are learning way too late, a healthy level of population is critical to a healthy economy in the long run. In the short run, however, migrant outflows to the United States can make a significant contribution to a sending country's economy, as a recent Forbes article demonstrates. The question is whether those contributions create incentives for governments to increase migrant outflows, and whether those incentives will get dampen these governments' interest in discouraging their citizens from migrating illegally to the United States. Forbes reports that last year, Guatemalan nationals abroad "sent a record breaking $9.3 billion in...
  • A Two Step Approach that Begins to Solve the Current Immigration Crisis

    06/27/2018 10:25:53 AM PDT · by Sean_Anthony · 6 replies
    Canada Free Press ^ | 06/27/18 | Al Kaltman
    • Remittances to Mexico • Incentive for illegal aliens living in the U.S. to return to their home country A feckless Congress has failed to face up to the issue of illegal immigration. Even if the House had passed an immigration reform bill it would have been dead on arrival in the Senate. The President has pinned his hopes for immigration reform on the Republicans retaining control of the House and gaining seats in the Senate in the upcoming mid-term election. Sadly, even if that turns out to be the case, given that 41 Republicans voted against the Goodlatte Immigration...
  • Remittances: Illegal Immigration’s $30 Billion ‘Hidden Tax’

    06/20/2018 10:29:45 AM PDT · by Thalean · 7 replies
    American Greatness ^ | June 20, 2018 | Spencer P Morrison
    Paris. The year is 1788. The air is heavy with the scent of impending revolution. Some praise the king in hushed whispers, others shout “Liberté! Egalité! Fraternité!” in the streets. Either way, the time for talk is over. How did it get to this point? The hopeful specter of radical liberalism played its part, as the father of modern conservatism Edmund Burke observes in his masterpiece Reflections on the Revolution in France. But most men aren’t dreamers. Most live parochial lives and think parochial thoughts—there’s no time to dream when you’re working to put bread on the table. For the...
  • Illegal Immigrants Send $38 Billion Abroad Via Remittances—A “Hidden Tax”

    01/23/2018 1:09:48 PM PST · by Thalean · 26 replies
    National Economics Editorial ^ | Jan 23, 2017 | Spencer P Morrison
    Imagine the worst possible tax you can think of. What would it look like? If you’re like most people, you thought of some fat, curly-haired king sitting in a palace spending your money on foppish garments and a harem of French harlots. That’s a bad tax. No doubt about it. But at least he’s (presumably) your king, and he’s spending the money in your country. Eventually you will see that money again, no matter how frivolously he spends it. I can think of a worse tax: pretend the above situation’s exactly the same in every respect except now he’s not...
  • World Bank: Record $30 Billion Leaving The US For Mexico

    10/04/2017 3:11:03 PM PDT · by ForYourChildren · 9 replies
    The Daily Caller ^ | 10/04/2017 | Will Racke
    President Donald Trump’s tougher immigration enforcement has reduced the flow of people heading north across the U.S.-Mexico border, but it has had no effect on the amount of money heading in the opposite direction. In fact, Mexico is on pace to receive more remittances from abroad in 2017 than it ever has before, according to World Bank estimates released Tuesday. Mexico, which takes in more remittances than any other Latin American country by a wide margin, will likely receive $30.5 billion from the Mexican diaspora living abroad — 6.5 percent more than it did in 2016. About 95 percent of...
  • Report: White House Weighing Mexican Remittance Fee To Pay for Southern Security Wall

    08/31/2017 2:13:10 PM PDT · by detective · 46 replies
    Conservative Treehouse ^ | August 31, 2017 | Sundance
    This is a little funny.  Back in 2015 we originally shared an easy peasy way to pay for the border wall by charging a 4% remittance fee on wire transfers to Mexico.  With more than $25 billion (2015) in Western Union transfers, more than Mexico’s entire oil and energy sector combined, a 4% U.S. surcharge on remittances creates $1 billion revenue annually. The U.S. Treasury already has a similar process in place for Cuban Remittances and Western Union compliance affidavits.  The remittances to Mexico have now jumped to $27 billion in 2016.  Making the remittance fee even more feasible.
  • Caribbean Foreign Ministers meet with Trump officials

    07/07/2017 9:34:15 PM PDT · by 2ndDivisionVet · 1 replies
    Breaking Belize News ^ | July 7, 2017 | Staff
    Caribbean Foreign Ministers, including Belizean Foreign Minister Wilfred Elrington, attended a meeting in Grenada yesterday with two officials from the new U.S. administration of President Donald Trump. “Basically I thought they wanted to tell us they still have an interest in us and to hear our concerns and interests, and so we told them the various ills confronting our region,” Elrington told the Caribbean Media Corporation (CMC) following the talks. UnderSecretary of State for Political Affairs Thomas A Shannon Jr. and Acting Assistant Secretary for Western Hemisphere Affairs, Francisco Palmieri, met with the foreign ministers on the sidelines of the...
  • Carolyn Cooper: We are to pay for Trump's wall? [The Caribbean]

    05/06/2017 11:04:26 PM PDT · by 2ndDivisionVet · 14 replies
    The Jamaica Gleaner ^ | May 7, 2017 | Carolyn Cooper
    HR 1813 is not the name of a deadly virus like H1N1. It's the Border Wall Funding Act 2017. Republican Congressman Mike Rogers from Alabama and eight of his colleagues introduced the act on March 30. If approved, it would be as lethal as swine flu. The act would impose a two per cent tax on all remittances from the US to Latin America and the Caribbean. Tax evaders could face up to 20 years in prison and a $500,000 fine. Jamaica is listed among the foreign countries to which the law would apply. But not Trinidad and Tobago. They're...
  • Unsure Of The Future, Mexican Immigrants Scramble To Send Money Back Home

    01/28/2017 10:43:41 AM PST · by zeestephen · 73 replies
    MSN.com ^ | 28 January 2017 | Jasmine Garsd
    Remittances, or cash that gets wired, is a big deal for a lot of countries around the world — including Mexico. Just in November alone, nearly $2.4 billion in cash was sent there, mostly by Mexicans and Mexican Americans working in the US. That's the most money Mexicans have sent back in a single month in the last 10 years. And it's more income than Mexico makes off oil.
  • Ex-Mexican President Vicente Fox mocks Trump: He's a 'child'

    01/27/2017 5:53:00 AM PST · by DCBryan1 · 50 replies
    CNBC ^ | 0729 CST 27 JAN 17 | Matthew J. Belvedere | @Matt_Belvedere
    Vicente Fox Trump acting like 'a child, a CEO': Vicente Fox 1 Hour Ago | 01:35 Former Mexican President Vicente Fox blasted President Donald Trump on Friday, calling him a "child" and mockingly referring to him as a corporate "CEO" rather than president of the world's most powerful country. In an interview on CNBC's "Squawk Box," the outspoken Fox said Mexico won't pay for the wall Trump wants to build along the border, "not now, not ever." Fox also said he doesn't believe Trump is an American "in his soul and his beliefs." He added he does not understand the...
  • Survey: Most Mexico-Bound Cash Remittances Are Sent by 'Undocumented Workers' (26 Billion!)

    01/25/2017 3:47:03 PM PST · by drewh · 69 replies
    The Cybercast News Service ^ | January 25, 2017 GMT | By Mark Browne
    Mexico City (CNSNews.com) – Most of the billions of dollars in cash sent to Mexico by Mexicans living in the U.S. is transferred by “undocumented” workers, and the total was expected to top $26 billion in 2016, according to research by the Washington institute Inter-American Dialogue. Mexico is the fourth largest recipient of all cash transfers – known as remittances – worldwide, according to the Congressional Research Service. A survey by Inter-American Dialogue of remittances to Mexico found that a majority, 67 percent in 2013, were sent by “undocumented” individuals living in the U.S. Of all of the remittances sent...