Payback is a B****: Mexico considers seizing $100 billion in US-owned assets

[Alonso_Castillo]

Originally Posted by G1..

Good I hope they do it.

So do I. It will depend on Trumps Megalomanitic aspirations of a USA protectionism.

[le roi]

Originally Posted by Alonso_Castillo

You can trust Mexican Law. BUT you MUST know it. don't think you know everything by knowing the Constitution.

So Mexico has laws that contradict its constitution, which clearly states that only public utilities can be expropriated?

Again, one more reason why Mexico has no rule of law.

[Alonso_Castillo]

Originally Posted by le roi

So Mexico has laws that contradict its constitution, which clearly states that only public utilities can be expropriated?

Again, one more reason why Mexico has no rule of law.

You mistranslate Utilidad like Utility = asset not like Utilidad = Usefulness/interest .


Perhaps you may like to receive some spanish classes.


Utilidad in Spanish means Usefulness. Not Asset.

[le roi]

Originally Posted by Alonso_Castillo

You mistranslate Utilidad like Utility = asset not like Utilidad = Usefulness/interest .


Perhaps you may like to receive some spanish classes.


Utilidad in Spanish means Usefulness. Not Asset.

I'm using the official mexican government English translation. I guess they dont know what public utilities are.

If they translate "utility" as "something useful" then that's even worse, as your constitution effectively grants the government all property rights. Basically you're not really a free country.

[lionking]

Originally Posted by Alonso_Castillo

I really doubt you had ever visited Mexico.

so all those articles reporting violence, extortion and murder there is false? The article about how towns people kidnapped a drug lords mother in revenge of all the kidnapping done to them and ONLY then the government sends in troops when before the government wasn't around to protect the people?

[VLWH]

Originally Posted by sware2cod

There are US Citizens that own homes, land, condos in Mexico. This would be seized(taken away from US owner with no payment and given to the Mexican government).

There are also US companies that operate non-manufacturing service sector businesses in Mexico - such as US based hotels that own and operation hotels and motels and resorts in Mexico. Hilton, Marriott, Hyatt and all the other American hotel chains have resorts in Mexico. Many of these companies are publicly traded stocks and are in people's 401Ks. If companies lose millions of dollars in assets (land, buildings, furnishings) then the stock prices would go down. This means people's 401k can be impacted.

There are US banks that have buildings in Mexico because they provide banking service to Mexico. Most US banks are publicly traded stocks.

There are US based car rental companies there with property (cars, land, buildings ) in Mexico. Car rental companies can be publicly traded stocks.

There are US based restaurants with chains in Mexico(such as McDonald's) . Their properties would be seized. MdDonald's is publicly traded. Anyone that owns that stock(either directly or via 401k or pension plan) is impacted.

Walmart and Costco have stores in Mexico. I am a Walmart stock holder. If Mexico takes Walmart property, any WMT stockholder is impacted.

LOL... So the president of the USA wants to build a wall to prevent illegal activity, so Mexico makes idle threats and people here start running scared? Mexico is too dependent on the USA especially with tourism.

[2mares]

Originally Posted by Alonso_Castillo

OUR LAW Allows NATIONALIZATION. Sorry but this is in the constitution. All capitalist investing in Mexico KNOW that. In fact it is a Right of Sovereing Nations, Only Imperialists fear Nationalisms as a real threat to their interests.

So Mexico thinks it fine for sovereign nations to allow nationalization, confiscating personal property especially of foreign investors, but not for other sovereign nations to protect their borders from illegal immigration and drug running or to tax remittances and strengthen their own economy?

[Packard fan]

Originally Posted by Alonso_Castillo

You can trust Mexican Law. BUT you MUST know it. don't think you know everything by knowing the Constitution.

Mexico ain't to be trusted. Period. Maybe in about 20 years but, not in 2017.

[lukas1973]

Originally Posted by Happiness-is-close

Honestly, whichever company built those assets in Mexico deserve this. They should think about all the hundreds of billions they saved on cheap labor over the decades while they sent America jobs overseas. Eat the losses and move on. Stuff like this is why globalism is a bad idea.

If every country would produce practically everything it consumes itself, the living standard would fall dramatically.

[boneyard1962]

Originally Posted by Alonso_Castillo

You can trust the Law, what you can't is to think that the laws of your country should apply in other ones. that is Imperialism. And we Must Cut imperialism from the head like to a snake.

How about trying to obey another countries laws by not entering illegally? That is called illegal immigration and we should punish these criminals so they don't try to do it again.