Investors Bolt Mexico as Peso Enters Free Fall

[Thepersona]

We're really not even close to carrying capacity.

Nixx, we are. The sad thing is that if we kill 10-20 percent of the richest population in the world, everyone else would consume less than those people

[Berengil]

And yes, your statements are pretty obviously at odds with each other. You are in quite the rush to trample all over the liberty of others for someone who claims that they believe in liberty above all and that all intellectually honest lefties should rush to defend it.
.

That's your opinion of course, and you're entitled to it. I simply don't see it that way.

No freedom is absolute and infinite, extending to the ends of time, space, and reason. I'll repeat myself:

Freedom ends when one's exercise of it begins to negatively affect one's community. It's not a black or white issue.

The underlined is why there's no inconsistency in my thoughts on this. Every freedom has limits somewhere.

[Zarc]

He's talked about passing a law that would heavily tax remittances from people in the US to Mexico. So, money that would have been in the Mexican economy would stay in the US.

And let me say it again, because it doesn't get said enough: Free trade is a crap deal for workers in developed first world economies. It amounts to economic treason from their representatives.

Nope. It's win - win because the economy is not a zero-sum game. The economy of both trading countries expands. Protectionism is a stupid response to a real problem. And the real problem is that although the economy of the richer country will be bigger thanks to the trade it may be that the piece of the pie that falls to the middle-class is not only a smaller share of the larger pie but actually even smaller than the slice they had from the previous old pie. But the pie is still larger. So the correct response would be to redistribute wealth more, not reduce the overall wealth through protectionism. Unfortunately Republicans refuse to increase taxes on the wealthy to move wealth to the middle-class slice of the pie and make the slice if not a bigger share of the pie than ever, at least as big a share of the bigger pie as for the old smaller pie, meaning a larger slice than without free trade.

[Berengil]

Nope. It's win - win because the economy is not a zero-sum game. The economy of both trading countries expands. Protectionism is a stupid response to a real problem. And the real problem is that although the economy of the richer country will be bigger thanks to the trade it may be that the piece of the pie that falls to the middle-class is not only a smaller share of the larger pie but actually even smaller than the slice they had from the previous old pie. But the pie is still larger. So the correct response would be to redistribute wealth more, not reduce the overall wealth through protectionism. Unfortunately Republicans refuse to increase taxes on the wealthy to move wealth to the middle-class slice of the pie and make the slice if not a bigger share of the pie than ever, at least as big a slice of the bigger pie as for the old smaller pie.

Well, we''ll just have a friendly disagreement then, Zarc. Personally, if I had absolute power over US trade/jobs/foreign policy etc:

1) Withdraw from all free trade agreements ( except Canada and the UK)

2) withdraw from the WTO

3) wall all the way down the US/Mexico border, with the US Army stationed at machine gun posts every 100 yards

4) 50% tariff on all imports with the exceptions as above

5) laws imprisoning employers for hiring illegal immigrants ( and confiscating the profits of their companies)

6) leave all mutual defense agreements ( NATO and so forth)

7) withdraw all US troops from everywhere in the world except the Americas ( other than for embassy security)

8) put forward a 21st century version of the Monroe Doctrine

[Noradin]

Freedom ends when one's exercise of it begins to negatively affect one's community. It's not a black or white issue.

Seems to me that you want to be the one to dictate where freedoms "begin to negatively affect ones community".
In short: You are an authoritarian of the worst sort.

[Nadiru]

Why try to cut it close? What purpose does playing chicken with the planet serve?

The US alone could hold another 300 million people. There are vast tracts of nothing in the Midwest, as far east as Ohio.

- - - Updated - - -

Nope. It's win - win because the economy is not a zero-sum game. The economy of both trading countries expands. Protectionism is a stupid response to a real problem. And the real problem is that although the economy of the richer country will be bigger thanks to the trade it may be that the piece of the pie that falls to the middle-class is not only a smaller share of the larger pie but actually even smaller than the slice they had from the previous old pie. But the pie is still larger. So the correct response would be to redistribute wealth more, not reduce the overall wealth through protectionism. Unfortunately Republicans refuse to increase taxes on the wealthy to move wealth to the middle-class slice of the pie and make the slice if not a bigger share of the pie than ever, at least as big a share of the bigger pie as for the old smaller pie, meaning a larger slice than without free trade.

Trade can be positive-sum but not all trade is actually positive-sum.

[Zarc]

Well, we''ll just have a friendly disagreement then, Zarc. Personally, if I had absolute power over US trade/jobs/foreign policy etc:

1) Withdraw from all free trade agreements ( except Canada and the UK)

2) withdraw from the WTO

3) wall all the way down the US/Mexico border, with the US Army stationed at machine gun posts every 100 yards

4) 50% tariff on all imports with the exceptions as above

5) laws imprisoning employers for hiring illegal immigrants ( and confiscating the profits of their companies)

6) leave all mutual defense agreements ( NATO and so forth)

7) withdraw all US troops from everywhere in the world except the Americas ( other than for embassy security)

8) put forward a 21st century version of the Monroe Doctrine

And now it's many friendly disagreements.

As much as I hate Trump, both due to his personality and his politics, at least he seems to have made a great choice for Secretary of Defense. Thank God...

[Berengil]

Seems to me that you want to be the one to dictate where freedoms "begin to negatively affect ones community".
In short: You are an authoritarian of the worst sort.

Lol, hyperbole much?

Peace and love to you, Noradin. Not taking the flamebait.

[Nadiru]

Lol, hyperbole much?

Peace and love to you, Noradin. Not taking the flamebait.

You're the one what wants to enforce a "two-child rule" on the whole of the world.

[Sunseeker]

The same sovereignty that the left scoffs at when conservatives speak of securing the border?

"The left" wants secure borders via immigration reform, so that we keep the good ones. What conservaties speak of is a fantasy and that's why "the left" scoffs at them.

[Adolecent]

IDK about our buddy Primary, but as for me:

My dream plan

1)2 child policy worldwide ( enforced evenly across all ethnicities/religions/etc)

2)contraceptives free and available to anyone 16 and older who requests them from any government health facility

3)confiscation of all assets (down to the poverty line) of anyone who violates this policy, and the children are removed from the home and given to childless couples who want children

4)abortion 100% legal ( and free) for any and all reasons through week 16 of pregnancy, legal thereafter for rape/incest/danger to the mother/ severe physical deformity or inherited disease

5)tax breaks on housing & education for those who freely choose to have 1 or no children


The more realistic plan

2,4, and 5 from above

Sounds pretty much like communist China's 1-child policy. https://en.wikipedia.org/wiki/One-child_policy

[Zan15]

And we have this


what do you think? you think Mexico now is willing to negotiate about paying for the wall or do you think they will continue to be defiant?

and many of you laughed when Trump said that "Mexico will pay for it"

Trump just put himself and the country in the position of power when him and Mexico starts their negotiations and that is where you want to be to get the best deal for the country

The Mexican currency weakened 0.3%—at 21.8609 from 21.8009 late Tuesday—again frustrating Mexican central-bank efforts to slow the currency’s decline. Bank officials said Tuesday that they spent $2 billion last week to prop up the peso, which has weakened 16% against the dollar since the U.S. election.


Since Election
US - Eu = 17%
Us- Japan = 9.4%


Guess EU will be paying for that wall too!!! and Japan.
Speculators are driving up the prices.




The U.S. dollar hit its lowest level in five weeks against a basket of currencies on Thursday and was on course for its worst week since November, hit by a loss of confidence in the U.S. reflation trade a day after a news conference by U.S. President-elect Donald Trump.

Speculators had driven the dollar index, which measures the greenback against a basket of six major currencies, to a one-week high Wednesday in anticipation that Trump's first news conference since his Nov. 8 victory would give more detail on new fiscal spending and tax measures to repatriate U.S. corporate capital held overseas.

Instead, the event was dominated by debate over Russian hacking and unsubstantiated claims that he had been caught in a compromising position in Moscow. The dollar index tumbled as much as 0.9 percent to 100.720, its weakest since Dec. 8, after touching 102.950 before the news conference Wednesday.

The index pared losses in afternoon trading and was last down just 0.4 percent at 101.370.


The dollar index had gained 4 percent between Trump's election victory and Wednesday on expectations that his promised policies would boost inflation and encourage the Federal Reserve to raise interest rates. The index is on track to fall 0.9 percent this week to mark its worst week since that ended Nov. 4.

The dollar weakened as much as 1.4 percent against the yen to 113.76 yen, its weakest level in five weeks, while the euro hit its highest in five weeks against the dollar of $1.0684. Sterling hit a six-day high against the dollar of $1.2317, rebounding from a three-month low of $1.2038 touched Wednesday.

The dollar was last down 0.3 percent against the peso at 21.7870 pesos. The peso broke the 22 peso-per-dollar mark for the first time on Wednesday after Trump said U.S. auto companies would face a high tax for products made south of the border.

[Nadiru]

"The left" wants secure borders via immigration reform, so that we keep the good ones. What conservaties speak of is a fantasy and that's why "the left" scoffs at them.

I dunno why people think walls don't work. They objectively do.

[Sunseeker]

I dunno why people think walls don't work. They objectively do.

The West bank is tiny. Hungary is tiny compared to the US-Mexico border.

Yeah, fences work around your property. But fences don't solve the problem of why people are entering your country anyway. I mean for folks who support spreading freedom you sure as hell aren't fond of sharing it with newcomers.

[Zan15]

Oh and btw going after mexico really?

Mexico is currently our 3rd largest goods trading partner with $531 billion in total (two way) goods trade during 2015. Goods exports totaled $236 billion; goods imports totaled $295 billion. The U.S. goods trade deficit with Mexico was $58 billion in 2015


The U.S. trade deficit with China was $367 billion in 2015 This is a new record, up slightly from last year's record of $343 billion. The trade deficit exists because U.S. exports to China were only $116.2 billion while imports from China hit a new record of $483.9 billion


Good thing we are going after the real problem.



We export 100+ billion more to mexico then China, hey what's a little shot to our own foot. Lets piss off a country that buys our products more then any other country other then Canada and its a close race with canada.

What could possibly go wrong, i mean lets piss them off so they do something like boycott our products.

Such stupidity of trump and his supporters.

[Nadiru]

The West bank is tiny. Hungary is tiny compared to the US-Mexico border.

Yeah, fences work around your property. But fences don't solve the problem of why people are entering your country anyway. I mean for folks who support spreading freedom you sure as hell aren't fond of sharing it with newcomers.

The West Bank wall is almost 25% of the length of the US-Mexico border. Israel may be smaller than the US, but the US has more than sufficient resources to build a wall along its south border and police it.

[Zarc]

So now US exports will suffer due to a higher dollar, while Mexican exports will gain due to a weaker peso. So what does that do? Reduces prices and jobs in the US, increases prices and jobs in Mexico. So for those who gets to keep their jobs in the US it will be great, cheaper stuff to buy, for those who loses their jobs it will be worse. More income inequality. Yay!

[Tijuana]

"The left" wants secure borders via immigration reform, so that we keep the good ones. What conservaties speak of is a fantasy and that's why "the left" scoffs at them.

Both sides are full of shit, if we are being honest.

Democrats want amnesty for the sole purpose of turning Texas blue. This is proven by their rejection of Rubio's immigration reform plan, on the basis that, under the plan, every illegal alien would be allowed to stay, but would need to wait in line with other immigration applicants, in order to obtain citizenship. This would not give them the instant boost of millions of voters, that they so desperately need in order to regain national party status.

Republicans are just as fucked. They are being put between a rock and a hard place with their constituents and donors. Big Farm, and other industries, want to maintain the revolving door, for their own bottom lines. However, the right leaning voters, want order to be restored. This is why the Rubio bill got no support from Republicans.

This is one of many issues, where our leaders would rather argue the politics forever, than the policy for a couple of weeks, followed by an up or down vote. If they "solve" divisive issues, that leaves new math on the remaining issues. This is where presidential leadership is supposed to come in.

[Draco-Onis]

The West Bank wall is almost 25% of the length of the US-Mexico border. Israel may be smaller than the US, but the US has more than sufficient resources to build a wall along its south border and police it.

Of course it does, the question is how much money do you want to flush down the toilet? 50 billion? 100 billion? versus spending that money on something that will help curb immigration like proper funding for the department, more judges, technological advances at the border. Most if not all these options are a lot cheaper and don't make you look like a moron for building something that would only be efficient in the middle ages.

[Teebone]

If Mexico's money is worthless how will they pay for anything?
If Mexico's economy is in the toilet how will they produce anything?
If Mexico can't pay it's workers, who will build anything?
About Capitalism, do you understand anything?

And with this, the trolls were silenced forever.