Thread: Remittance Surge Indicator Of Unlivable Conditions

How much in foreign aid are we giving these countries and what are they doing with it? Time to start using the power of the purse and cut off the politician pocket filling foreign aid to these corrupt governments.

Remittance Surge Indicator Of Unlivable Conditions


05/15/2015 06:58 PM ET

A man leaves a Western Union agency in Havana, Cuba. AP View Enlarged Image

Immigration: The IDB reports a record-high $65 billion in remittances to Latin America in 2014. It's a lagging indicator of the border surge. But it's a leading indicator for how Latin states fail to make their nations livable.

Based on the chirpy tone of the Inter-American Development Bank's latest report, you'd think that the record-high $65.4 billion in remittances received in Latin America and the Caribbean this year, the bulk of which went to Mexico and Central America, were a good thing. Words like "recovery," "significant growth" and "improved" were prominent.

The word to describe what these cash-sendings from immigrants really mean was left out: misery. People leave for a foreign land because the socialist conditions are so intolerable back home.

The facts tell the story: Remittances to Mexico rose 8% from a year earlier and 7.4% to Central America. Mexico hauled in $24 billion in 2014, a third of the total for all of Latin America. Guatemala took in $5.5 billion, up 8.6%; El Salvador gained $4.2 billion, up 6.7%; and Honduras received $3.35 billion, an 8.8% spike. IDB forecasts further gains this year.

It may well be a result of last year's border surge, which the Obama administration encouraged and which led to tens of thousands of Central American illegals flooding into the U.S. IDB estimates that as of December 2014, 21.8 million Latin American migrants were in the U.S., a 6.3% rise over 2013.

IDB data suggest that those coming are overwhelmingly illegals. Just 45.1% of Mexican migrants never completed high school, and only 25% had high-school diplomas. Among Central Americans, the figures are 57.9% and 24.3%, respectively. Large majorities of both groups came from single-parent families — the Central Americans in particular.

That's a picture of the U.S. importing both the poverty and dependency that come with illegal immigration.

Of course, the Obama administration wants to beef up its Democratic voter base. But the Latin American states that economically benefit from these remittances get their cynical prize, too — a way of defusing potentially explosive social pressures.

It lets local Latin American leaders devalue their local currencies and ignore inflation. As long as the remittances flow, they won't need to make badly needed free-market reforms.This is the deep cynicism of those who pretend to care about illegal immigrants but benefit from their misery.

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Great article, Newmexican! And from an "Investors" medium. Excellent. The one aspect it might have also mentioned that it overlooked or didn't want to go into is that $65 billion a year that leaves the US in the form of these remittances is a permanent loss of US money supply which is $65 billion a year that our government has to print new money to replace every year. This is also a permanent drain on the US economy which like free trade sucks our money, investment and jobs out of the United States never to return which amounts to $1 trillion every 12 years. And because of the multiplier effect of our money supply especially when that money is invested in manufacturing increases that damage and harm up to 6 times in job losses for the United States.

United States foreign policy must move to one of sharing political ideas, not the jobs, wallets and economy of the American People.

Seems to be a testament that Americans are hypocritical in their supposed charitable affairs. What is feeding this is greed. That old American me, me. me .me first. Same concept as when it started some decades ago, as long as it keeps my grocery cost down it is OK. Uh-oh, now they want my job, too. Yep, now don't be hypocritical unless that is the way you are. I gave up a family member for our cheap fruits, what is a job?

Originally Posted by Newmexican

Of course, the Obama administration wants to beef up its Democratic voter base. But the Latin American states that economically benefit from these remittances get their cynical prize, too — a way of defusing potentially explosive social pressures.

There is a significant omission in this article. The Republican leadership is huffing and puffing about 'Bama's executive amnesty, but in truth the leadership's big money donors want the additional surplus labor that amnesty is bringing them. Keeps wages down and profits up, for IBD's Repub readers.

'Bama is throwing ordinary Americans under the bus, to get the future votes of those Undocumented Democrats, but the Repub leadership is in fact using him to give their big money donors what they want.
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