Billionaire Mexicans tell their poor
to JUMP U.S. OPEN BORDERS and LOOT THE STUPID GRINGO… and loot they do!
Billions of dollars are sucked out of
America from Mexico’s looting!
1) Mexico
ended legal immigration 100 years ago, except for Spanish blood.
2) Mexico is the 17th richest nation
but pays the 220th lowest minimum wage to force their subjects to invade the
USA. The expands territory for Mexicans, spreads the Spanish language, and
culture and genotypes, while earning 17% of Mexico's gross GDP as Foreign
Remittance Income.
Mexico’s leading
presidential candidates genuflect before bankers
By Don
Knowland
13 March 2018
On Friday, in what some commentators likened to a catwalk, the
three major presidential candidates in Mexico’s 2018 election addressed the
Association of Mexican Banks (AMB) convention in Acapulco, kowtowing to banking
chieftains. The bankers expressed approval of the three in inverse order to
their popularity in national polling.
Plainly the preferred candidate of Mexican finance, José Antonio
Meade of the “Everyone for Mexico” coalition headed by the ruling Institutional
Revolutionary Party (PRI), who trails in the polls at 20 percent, received the
most applause.
Meade served as treasury/finance secretary under both the current
president Enrique Peña Nieto as well as that of the previous president Felipe
Calderón of the right-wing Party of National Action (PAN). Meade stressed his
efforts over 20 years to work with the banks and “liberalize” the financial
sector. Meade is in fact a neoliberal technocrat who in his governmental
service has largely promoted macroeconomic “stability” and deregulation.
Second up and receiving the second most applause was Ricardo Anaya
of the PAN, which has entered into an electoral coalition with the formerly
center-“left” Party of the Democratic Revolution (PRD) along with the latter’s
allied party, the Citizen’s Movement. Anaya stands at around 27 percent in the
most recent polls.
Anaya claimed his coalition reflected “progressive, moderate and
liberal” strands, as opposed to the “populist threat” of Andrés Manuel López
Obrador (AMLO) and his Morena (Movement of National Regeneration) electoral
coalition. Anaya assured the bankers he would not implement any significant
changes to Mexico’s fiscal structure.
Stressing his “youth,” Anaya (contrasting his age of 39 with that
of the 49-year old Meade and the 64-year old AMLO), promoted a more “modern”
economy. This would involve a turn from manufacturing to a hi-tech “knowledge”
economy, and development of clean energy over oil production.
Third to address the assembled bankers was López Obrador, who
received the least applause from Mexico’s banking heads, but leads current
polls with around 38 percent. Like Meade and Anaya, AMLO also paid obeisance to
Mexico’s financial oligarchy.
López Obrador emphasized that his focus would be almost entirely
on ending what he calls the country’s “greatest problem”—corruption—rather than
changes to the economy.
He went out of his way to insist that under his administration the
autonomy of the Bank of Mexico will be “completely” respected. In fact, the
country requires a “strong bank,” he said. The banks should be “confident” that
“we are not going to affect the banking sector at all,” he added.
AMLO stressed that the “property regime” in force likewise would
not be altered. “We are not going to confiscate assets nor are we going to
carry out expropriations or nationalizations,” he said. These assurances
followed statements by his leading economic advisers over the last few weeks
that AMLO strongly favors a “market economy.”
The reforms AMLO said he would undertake in fact would be quite
limited—increasing payments to elderly pensioners and the disabled, generating
400,000 new jobs, and minor spending on infrastructure, such as planting
millions of trees. AMLO signaled that these reforms would not threaten
stability—they would not be carried out until the middle of his government’s
term, rather than from its inception.
Nor would these limited reforms be permitted to undermine fiscal
stability. No taxes would be raised, and no additional public debt would be
incurred to pay for them. Instead, funding would come from the ten percent of
government spending AMLO estimates is lost to corruption.
AMLO remained mute when it came to his once vociferous attacks on
Peña Nieto’s energy reforms, which reopened the oil and power industries to
major involvement by foreign energy giants. He reiterated the recent assurances
of his financial advisers that while energy contracts with investors would be
reviewed, the overall program would not be unwound, which he had consistently
threatened to do in the past.
AMLO also said little if anything about the pending renegotiation
of NAFTA, the trade pact with the US and Canada that he has repeatedly attacked
in the past as unfair to certain layers of Mexican business and small farmers.
AMLO’s assurances to Mexico’s bankers last week follow his
meetings over the last few months with executives of major international banks
such Citigroup Inc. and JPMorgan Chase & Co.
Executives attending the AMB’s convention signaled that they are
ready to work with whoever wins July’s presidential election, including López
Obrador.
AMB president Marcos Martínez said that the “bank’s commitment is
with Mexico, regardless of who governs and what their proposals are.” “I am not
worried about the arrival of a left or right-wing party,” added Ernesto Torres
Cantú, general director of Grupo Financiero Citibanamex. Carlos Rojo, vice
president of ABM and general director of Grupo Financiero Interacciones SA, the
bank controlled by Mexican billionaire Carlos Hank Rhon, insisted that the
arrival of a new government is not a sign of “alert or concern,” as long as it
maintained a free market, just as AMLO has promised to do.
Such sentiments follow on others expressed by bankers over the
past year. In March, 2017, the former president of the ABM and director of
Mexico’s BBVA Bancomer, Luis Robles Miaja, also insisted that López Obrador did
not represent a risk for the country or its bankers. In June of last year,
Spanish bank giant Santander said AMLO would be no worse than Brazilian
president Luiz Inacio Lula da Silva, that is, no threat to investors and banks.
Thus, while bankers would prefer Meade or Anaya to López Obrador,
they do not see him as any significant threat. They also hope to calm markets
in advance in the event the latter wins, as appears likely at this time.
Nevertheless, a win by AMLO could send the Mexican peso, which
already has seen marked volatility under Peña Nieto, plunging, and investors
heading for the exits. Foreign investors may well see his presidency as
creating more uncertainty as to energy reform, and undermining the chances for
the survival of NAFTA, which has become a key prop of the Mexican economy.
And while AMLO’s left populism, which he is busy watering down, is
a fraud, there is concern amongst ruling strata that his victory could arouse
expectations on the part of the Mexican masses to a point he could not contain.
These concerns track absurd propaganda from US officials such as
Secretary of State Rex Tillerson that a López Obrador government could prove to
be a “threat” along the lines of that of the other major oil-producing country
in Latin American, Venezuela.