The Watercooler ~ Over $21 Billion in remittances sent to Mexico in 2013
More insider info politicians don't want you to know about
Knowledge is power, or so they say. That’s why I keep writing about interesting aspects of illegal immigration that you never hear politicians mention when discussing the need for “comprehensive immigration reform.” Really, I am sure in order for them to glean the most political leverage possible, they much prefer keeping us in the dark. Otherwise, we might figure out that pretending they are powerless to stop illegal immigration is one big lie.
So I dig around to get the facts.
Mexico received $21.59 billion in remittances from emigrants in 2013, a figure that was down 3.7 percent compared to 2012, the Bank of Mexico said.
The 2013 figure did not surpass the $22.44 billion in remittances received in 2012 even though the flow had been trending higher since August.
You read that right. In 2012 and 2013 combined, over $44 billion in remittances were sent to Mexico — mostly from the U.S.
Remittances sent by Mexicans living abroad, mainly in the United States, are the country’s second-largest source of foreign exchange, after oil, and help cover the living expenses of millions of people.
No wonder Mexico has no incentive to assist us in stopping illegal immigration. Their economy would suffer a great deal without all the money they receive from those working here.
I can think of an effective way to halt the illegal traffic. Use our banking laws to prevent the transfer of funds by anyone not authorized to be here and/or work here. Sounds pretty simple to me. And I’m sure we would see quick action taken by illegals to do whatever they needed to do to come into compliance with our immigration laws.
But then, that might actually work, so I’m sure its consideration is off the table.
The Watercooler is always an open thread.