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Thread: COVID19 Factors We Should Consider/Current Events

  1. #30511
    Join Date
    Oct 2023


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    Quote Originally Posted by Mark Rippetoe View Post
    Makes more sense than most other explanations. And I can see Obama's fingerprints on that.
    Victor Hanson has referred to a similar issue as well, though it dates back further than the Obama administration. Specifically referring to Mexico, mass immigration has a two-fold effect: 1) the Mexican government offloads people from it's own social services and; 2) the US government, due to one or more of benevolence, incompetence, or malice, provides social services to those immigrants, thus freeing up money to be sent back to family members in Mexico.

    An article from 2007, where VDH refers to his 2003 book "Mexifornia." Mexifornia, Five Years Later | City Journal | Illegal Alien Immigration From the article: "Worker remittances sent back to Mexico now earn it precious American dollars equal to the revenue from 500,000 barrels of daily exported oil. In short, Mexico cannot afford to lose its second-largest source of hard currency and will do almost anything to ensure its continuance."

    Fast forward to 2023, and VDH refers to the same issue: Mexico is not really an American friend | VICTOR DAVIS HANSON | Victor Davis Hanson | Opinion | Opinion Columns From the article: "[Mexican President] Obrador is equally callous in bragging that he exports his own poor. Left unsaid is that a naturally rich Mexico either will not, or cannot, adequately employ, feed, shelter and protect its own impoverished citizens. So instead, it cynically sees its own people as a lucrative export commodity while holding U.S. laws in veritable contempt. Currently, Mexican nationals are sending nearly $60 billion a year in remittances from the United States to Mexico to aid friends and families who do not find enough succor from their own government in Mexico City. Untaxed remittances far and away constitute the largest source of Mexico’s foreign exchange income."

  2. #30512
    Join Date
    Jun 2022


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    Quote Originally Posted by Mark Rippetoe View Post
    Makes more sense than most other explanations. And I can see Obama's fingerprints on that.
    From the Knomad site (who made the report, for the World Bank):

    "Since its inception, KNOMAD has spearheaded research and advocacy on harnessing remittances and other resources for the development of origin countries. More recently, KNOMAD prepared the background brief for the preparatory sessions of the GCM, and many of the recommendations of the paper are included in the GCM objectives 19 (create conditions for migrants and diasporas to fully contribute to sustainable development in all ocuntries) and objective 20 (Promote faster, safer and cheaper transfer of remittances and foster financial inclusion of migrants)."

    Remittances and Diaspora Resources | KNOMAD

    They are heavily focused on making it more efficient to transfer money out of the West, and advocating for labor rights of immigrants in Western countries. (But not at all on fixing underlying problems like corruption and authoritarianism in origin countries.)

    Another interesting chart

    Screenshot 2024-06-24 at 1.13.56 PM.jpg

    Something happened around Jan 2021 which saw a sudden 400% increase in illegal immigration apprehensions. I wonder what that was. /s

    Also, from the web site:

    "The World Bank has established a multi-donor trust fund to implement KNOMAD. The Swiss Agency for Development and Cooperation (SDC) and the Federal Ministry of Economic Cooperation and Development (BMZ) were the largest contributors to the trust fund in the first phase. KNOMAD is led by Pablo A. Acosta. The secretariat is housed in the World Bank in Washington DC."

    The guy who leads the remittances work, Dilip Ratha, studied under Marxist economists in India:

    World Banker and His Cash Return Home - The New York Times

    One thing I haven't seen mentioned is how much of this money finds its way to terrorists via "charities" & NGOs.

    Anyway, lots to dig into.

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