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The administration of President Donald Trump could soon be hitting a major source of Mexico’s income, and he might just tackle a large part of the illegal immigrant crisis at the same time.

For much of 2014, Mexico’s biggest source of foreign income came from the crude oil trade. In December of that year, shifting dynamics gave the country a new primary source of foreign income: Remittances from Mexicans working north of the border supporting families back home.

As Forbes reported, remittances passed oil to become Mexico’s largest source of foreign money. In 2015, remittances accounted for a whopping $24.8 billion, dwarfing the next two largest sources, oil and tourism.

Money sent home by migrant workers in the United States is cash that will likely not make it back into our economy — at least not directly. It’s strengthening Mexico at the expense of American families.

And Mexicans are not the only ones sapping the U.S. economy.

Breitbart reports that Central American workers in the U.S. sent $16 billion home in 2016. By 2018, this number rose to $20 billion.

The opportunity to enjoy the U.S. economy is what brings many people across our southern border, and Trump knows this.

Because the ability to send money back home from America brings is such a lucrative pull for economic migrants, the Trump administration is considering tightening the clamp around remittances altogether, according to The Wall Street Journal.

“A senior administration official on Tuesday said the White House is considering attempting to restrict the flow of remittances from the U.S., in order to discourage migrants,” The Journal reported.

The report contained no details on what would no doubt be a Herculean task, trying to restrict the flow of money in the 21st century.

Regardless of how it’s accomplished, it’s an idea whose time has come, former Kansas Secretary of State Kris Kobach told Siruis XM Patriot’s “Breitbart News Tonight.”

“The threat I propose is one that actually helps us if we follow through on it. That is the threat of ending remittances from the majority of people in the United States from Mexico who are here illegally,” Kobach said.

“That is a threat that we could carry through on that actually helps our economy because the money is not sent home, it stays in circulation in the U.S. economy and helps rev up our economy. It’s actually a good thing if we follow through.”

Besides the money staying in the U.S., there’s another factor to consider: With no hope of being able to send money back south, all those migrant caravans heading north may simply dissipate.

This could be a game-changing solution to the problem of illegal immigration that’s plagued both Trump and the American people for years now.

In the U.S., unskilled labor jobs would be forced to pay more competitive salaries, and with fewer foreign workers to undercut Americans, the workforce could experience a resurgence that may send the economy rocketing upwards.

Mexico, on the other hand, would suffer greatly.

Faced with a massive blow to its foreign income, the country would likely be plunged into an economic crisis. And with an influx of nationals either heading back home willingly or being deported, the country would soon learn that the law of supply and demand also applies to labor.

That means even the threat of such a move by the Trump administration could be enough to get the Mexican government to start working more seriously to stop the Central American migration from making it to the U.S. border.

Even without any details on public display, it’s a prospect that has to have the Mexican government terrified.

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4 Comments

4 Comments

  1. Mark Benjamin Terzano

    April 14, 2019 at 6:17 pm

    All you have to do is shut down companies that facilitate monies sent back to Latin America. Like Western Union, MoneyGram, Bari, Orlandi Valuta, Sigue, Xoom, and others. You just drive by hispanic stores, they all do it.

  2. JaneDoe

    April 14, 2019 at 6:36 pm

    Countries like El Salvador, their government officials have already stated that it would detrimental to their economy if Trump were to end remittances to their country. They even went into details how this helps their country’s economy. Imagine what it would do to Mexico? The Mexican government has already declared war on the U.S. by signing the U.N. Migrant Pact and signing away their military/Coastguard under the U.N. control. Which the U.S. should be very vigilant, it would be easy for a foreign entity to station themselves there on their base. Also, it has been rumored that Mexico has an agreement with Russia to manufacture possibly military parts/tanks? there in Mexico. Many Mexican citizens are not happy with their government but the more the U.S. pushes Mexico in a corner, their people are becoming more and more united to fight a civil war against their own government. Trump should send their foreign diplomats from all these Consulates here in the U.S., since they seem to aid and abet illegals. Unfortunately, they’re many hard working individuals that have been in our country for at least 40+ years but never became Naturalized and now face deportation. Perhaps, if self deport now, maybe they can come back to our country legally.

  3. Bill Van Dam

    April 14, 2019 at 8:15 pm

    Duhh, this should have been considered many years ago by our government. They knew all along money was being sent home by immigrants. Nice, we support those criminals, and they enrich their respective countries with money they get from us. And the asshole democrats still don’t give a damn. Cut off all aid, and stop all money going south. Guaranteed Mexico will shut down their border to all illegals.

  4. FAST EDDIE

    April 15, 2019 at 9:01 am

    Don’s the man to get it done!

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