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Old 09-02-2014, 08:37 AM
 
24,834 posts, read 37,255,882 times
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Quote:
Originally Posted by LauraC View Post
And the federal government helps them send money back to Mexico and out of the US economy and for once it's not Obama's fault. Bush did it with some cooperation from the banks in the US and Mexico and the Mexican government that is only to glad to have our dollars help their economy. And to make matters worse, he used our tax dollars to have the Federal Reserve market the program. The program is called Directo a Mexico.

This is from 2006:

"Marketed as “the best way to send money home,” offering “more pesos for every dollar,” the Federal Reserve’s remittance program charges U.S. financial institutions $0.67 per item to transfer money from the United States to Mexican banks, ensuring a “highly competitive rate.” The Federal Reserve also provides participating U.S. financial institutions with Spanish language promotional materials to “help get your message out.” The program was reportedly launched in response to a directive from President Bush following the 2001 U.S. – Mexico Partnership for Prosperity created by President Bush and then Mexican President Fox. It makes no distinction between “legal” and “illegal” aliens."

You'll be interested to know that Judicial Watch, who has been on Obama's case about his scandals espeicially with regard to the IRS, was on Bush's case about this program.

Federal Reserve Markets "Directo a México" to U.S. Banks for "Migrant" Transfers of $20 Billion in Remittances to Mexico - Judicial Watch









Directo a México
Most of the time cash is sent out of the USA......and sending cash is not legal.

If I transfer $23.69 from the USA to you in Honduras they will give you $500 Lempire. (yesterday's market).

But if I send you $23.69 in green money.....that will trade on the black market for much more.....four times more in products.

So....money is sent in dolls....fancy jars....clothes.....you name it.
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Old 09-02-2014, 08:40 AM
 
24,834 posts, read 37,255,882 times
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I send funds to Honduras often.....so I watch the market.
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Old 09-02-2014, 08:52 AM
 
33,016 posts, read 27,361,845 times
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Quote:
Originally Posted by BOS2IAD View Post
1. They sometimes borrow money from loan sharks that are affiliated with the drug cartels. If they get caught and sent back, the loan sharks know it. Or family scrapes together the money with the expectation that the illegal finds work in the US and then pays the coyotes to bring in the rest of the family. Sometimes, illegals get put in so-called stash houses in cities near the border (Phoenix has a big problem with this) and are kept there until the relatives come up with the money for the coyotes.

2. The reason that they look good after sneaking in here is that they throw out their dirty clothes, leaving them along with their other trash on fragile desert eco-systems. Then they change into a clean outfit. They do this so as to not draw attention to themselves when they find civilization.

I suppose the coyotes and cartels also sell clothes in the desert?
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Old 09-02-2014, 08:53 AM
 
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Quote:
Originally Posted by things and stuff View Post
Obama and Soros paid for them to cross the border.

Will they pay me to cross the border?
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Old 09-02-2014, 10:02 AM
 
Location: Florida
33,507 posts, read 18,050,450 times
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Quote:
Originally Posted by katzpaw View Post
They borrow it from relatives in Mexico or they have legal/illegal relatives in the US working their asses off so they can send money back to Mexico. Its estimated that $20 billion/year (remittances) makes it's way back to Mexico via bank transfers or Western Union.

Remittances Worldwide Increase In 2013, Except For Mexico; Is The US Crisis Hurting Mexican Economy?
The illegals are draining our money supply as it no longer is circulating in our economy when it is sent back to Mexico. We are now supporting the Mexican economy too.
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