Investors Bolt Mexico as Peso Enters Free Fall

[schwarzkopf]

About Capitalism, do you understand anything?

Most Americans don't know much about capitalism, as you probably haven't experienced it if you are under 50 years old.

[The Oblivion]

Where do you think the Mexicans will go if their economy collapses? Canada?

if we stop letting them remain, it wont matter. dont let them vote. dont give them id's. dont let them buy cars or houses. deport on the spot. get their illegal asses back to their own shit hole and they can apply to come legally if they really want.

[PC2]

Let's destroy Mexico's economy so even more people will flood into the US to find work, that'll fix the problem of illegal immigration!

The solution is to strengthen the border and ramp up deportation to much higher rates.

[Elegiac]

You think Trump single handily put the country in the position of power? You don't think we were already in that position? Perhaps we'd rather give neighboring countries the oppturnity to grow so we can both benefit in the long run rather than strong arm them and hurting their economy.

Yeah, I mean we could invest in Mexico, develop its economy, reduce the need for immigration and end up with an entire continent of strong, dynamic economies with close political ties...

But that would require viewing Mexicans as people.

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The solution is to strengthen the border and ramp up deportation to much higher rates.

Let's decrease the population by millions of people, trigger a market correction and kill the agricultural sector. Good idea.

[Breccia]

I might be off, but, wouldn't driving the peso into the ground make it cheaper to build in Mexico and hire Mexicans? Possibly even profitable past the point of whatever tariff is imposed?

[Hiricine]

Trying to extort another country into paying for something is not fair. I don't know what world you live in where extortion is fair.

Mexico is the biggest beneficiary of the relationship between the two, it already extorts money through the US through remittances from illegal immigrants living in the US, partially by not enforcing their border whatsoever. If the US could charge for how much it cost to take care of Mexico's citizens and their children it could have paid for multiple walls by now.

Edit: To clarify- Mexico already profits greatly from its relationship to the US. To a much greater extent than the other way around. To ask them to do something to productively maintain that relationship is not unreasonable.

[Elegiac]

Mexico is the biggest beneficiary of the relationship between the two, it already extorts money through the US through remittances from illegal immigrants living in the US, partially by not enforcing their border whatsoever. If the US could charge for how much it cost to take care of Mexico's citizens and their children it could have paid for multiple walls by now.

I assume you have a source for this.

[Aggrophobic]

The solution is to strengthen the border and ramp up deportation to much higher rates.

Thats not really a solution though.

[Xarkan]

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?

Dont worry, China will fill the hole and in 4 years we can celebrate how Trump gave latin and south america to the chinese.

[Thepersona]

Yeah, I mean we could invest in Mexico, develop its economy, reduce the need for immigration and end up with an entire continent of strong, dynamic economies with close political ties...

But that would require viewing Mexicans as people.

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.

Hey, remember thats what the US has done 60 years ago! Helping other nations develop and in turn helping themselves, that's not how trump works, he doesnt like old, proven methods!

[Jorgee]

Where do you think the Mexicans will go if their economy collapses? Canada?

Well, actually, yeah. Mexican immigrants no longer need visas to move to Canada. According to government figures, there's already been a significant uptick in the amount of immigrants arriving from Mexico since December, when the restriction was lifted.

Thanks Trudeau.

[Thepersona]

Dont worry, China will fill the hole and in 4 years we can celebrate how Trump gave latin and south america to the chinese.

They are already doing that. China is a big importer of chilean, peruvian, brazilian and bolivian goods

[Fugus]

The solution is to strengthen the border and ramp up deportation to much higher rates.

No, the solution is to remove the demand for their labor here so they will stop coming to find work. But so long as the companies are willing to hire them, the demand is there. The wall will not stop that and will do nothing but cost the US Billions of dollars to construct and hundreds of millions each year to maintain and man.

And you can do that with 2 laws. Quick copy past from a previous time.

Pass these 2 laws at the same time and I bet you could cut illegal immigration to a trickle within a few year and these laws would be cheap to enforce as well since they are virtually self-enforcing.

Law 1: Any company caught knowingly hiring or attempting to remain willfully ignorant of hiring an illegal immigrant will have its management imprisoned in no less than a medium security prison for 1 year and pay no less than a $5,000 dollar fine per illegal employed. This is repeated all the way up the chain of administration for each who knew or attempted to make sure they didn't know with each paying the full amount and doing the full time, this can go all the way to the CEO and the board if they were complacent in it. If they are not paying at least the prevailing wages for these jobs, the fines jumps to 5 years and $25,000 per illegal employed. Any fines that could not be paid out of the guilty parties expenses will be taken from shareholder dividends.

This makes sure the ones responsible for hiring them get the punishment and it doesn't directly hurt the companies bottom line so they can't use it as an excuse to raise their prices.

Law 2: Any illegal who turns himself in along with the company hiring him with proof, instead of being deported shall be given 1 year free room and board and shall be put on the fast track for US citizenship with all expenses paid, he will still have to do the paperwork though and qualify. During this time, he will be issued a temp visa and allowed to job hunt and hold a normal job and to save his money. After that year, if he has his citizenship, he now can move out as a lawabiding citizen with the money he saved while working over that year to buy a home of his own. He also does not have to put this on any paperwork while looking for a job so they can not discriminate on him based on this to avoid job retribution from employers over this.


Pass these 2 laws and most of this would stop. No US company would touch an illegal with a 10 foot pole as the ones who make the call would be the ones on the hook for the bad parts as it is in the best interests of all the illegals to turn them in now. Once the jobs dry up, so does the motivation to come here. Once you set what is best for the 2 groups involved against each other, it gets much more manageable. And the illegals would effectively make these 2 laws self enforcing so it would be fairly cheap to implement.

That will give you far better results than any wall ever could.

[Xarkan]

They are already doing that. China is a big importer of chilean, peruvian, brazilian and bolivian goods

Obviously

There is more than financial gain there, there is political capital on the international scene.

[HumbleDuck]

I haven't, in my life, seen a country throwing their neighbors into the hands of the enemy like the.
Trumpeters have this odd idea that US is the only option, it really is not. Bullying may work for a year or too, but it also opens the door for others to gain ground in the long run.

[Synadrasa]

Bad news: the Peso is in the dumpster
Good news: ladders and rock climbing gear is up 5000%.

[Felya]

will Mexico continue to allow their money become worthless out of defiance?

What happens to illegals influx as Mexico depends into worthless money? Who exactly is shooting them selfs in the foot here?

[Rasulis]

They are already doing that. China is a big importer of chilean, peruvian, brazilian and bolivian goods

Not only in Latin America.

It is announced that SIPG wins the bid for concession of Bayport terminal, port of Haifa, Israel operations for 25 years from 2021.

Bayport terminal is expected to put into full operation in 2021. SIPG will be responsible for construction of the facilities at the back terminal, deployment and installation of the equipment and daily running and operation of the terminal. With a total 1,500 meters of quay length, a 78ha surface and a 17.3 meters draft,*Bayport new terminal will handle the designed annual container throughput of 1.86 million TEU.

The successful bidding renders SIPG one of the global terminal operators networking and helps improve the competitive edge in its core business and enhance the strategic cooperation with international ports and shipping liners. On the other hand, this project is one of the substantive steps to respond to the national “One Belt and One Road” strategy.

SIPG stands for Shanghai International Port Group.

Wake up people.

[Felya]

Bad news: the Peso is in the dumpster
Good news: ladders and rock climbing gear has gone up 5000%.

If they can swim from Cuba, they can swim through Rio Grande... or you know... the Gulf of Mexico... they will just need enouph insensitive to do it. Let's get Mexico to a financial ruin so bad, that a ride back to Mexico is a relief.

[God Save The King]

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?

They'll build our wall. Then who gives a damn