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Mexican President Pena Nieto Spends $50 Million To Keep Mexicans out of Mexico…

Article publisher: 
The Last Refuge
Article date: 
February 13, 2017
Article category: 
National News
Medium
Article Body: 

… President Enrique Peña Nieto recently budgeted about $50 million to the country’s 50 consulates to help pay the costs of defending migrants who are in the U.S. illegally and facing deportation. –LINK–...

A bizarre, albeit understandable policy, given the dependency on the Mexican economy created by $25 billion in remittances sent home from Mexican nationals illegally living/working in the U.S.

PHOENIX — All but one of about 50 undocumented Mexican migrants [ie. illegal aliens] at a meeting Saturday indicated they would rather risk detention and long court battles in the U.S. than return to Mexico voluntarily.

The majority of migrants at the meeting in Phoenix, which included Mexican officials, signaled in a show of hands that they were ready to fight deportation in U.S. courts.

President Enrique Peña Nieto recently budgeted about $50 million to the country’s 50 consulates to help pay the costs of defending migrants who are in the U.S. illegally and facing deportation...

While the actual valuation of the outflow of dollars into Mexico is unknown, there are indicators it could be greater than our current economic trade deficit with China, $500+ billion.

Only a few indicators have ever reached visibility.  One such indicator being the outbound U.S. Western Union wire transfers, remittances, which now exceed the entire Mexican Energy Sector (oil and gas) combined...

 


 

CAIRCO Research

Remittances - a massive transfer of wealth out of America