Posted on December 1, 2016
by sundance
The non-discussed story is the hidden story that has been visible yet
kept quiet for over five years. In essence, what Carstens knows, and what only Carstens knows, is the scope and scale of Mexico’s economic (central finance bank) dependency on the outflow of dollars, hidden U.S. money.
Early this year, it was discussed –for the first time– that effective in 2015
Mexican Remittances (from money earned in the United States by Mexican citizens) exceeded the scale and scope of Mexico’s entire oil and energy export sector. The single-year guesstimate was approximately $25 billion.
Remittances sent home by Mexicans working outside the country
surpassed petroleum revenues in 2015 for the first time. There was a 4.75% increase in money sent from abroad,
most of which comes from the U.S., to total US $24.8 billion last year, up from $23.6 billion in 2014, said the Bank of México.
The bank said it was the first time
remittances had totaled more than petroleum revenues since it began tracking them in 1995. Oil revenues last year totaled $23.4 billion. (read more)
However, that guesstimate only measures wire transfers (individual to individual – Western Union money services).
That measure doesn’t include bank to bank transfers, nor does it account for direct transfers of capital via cash, personal check, money order or banker cheque. In essence, the estimation is severely understated.
An honest evaluation of all possible currency transfer streams puts the outflow
well over $100 billion, well over. Truthfully, no-one can even comprehend the scale or scope of
the peso dependency based on the dollar imports. It’s an immeasurable quantity known only to someone who would have access to data, like Mr. Carstens.
But wait, it doesn’t simply stop there. In addition to the direct import of dollars propping up the activity around the central bank,
the use of fraudulent U.S. tax returns by Mexican Nationals is jaw dropping.
https://theconservativetreehouse.com/2016/12/01/trump-effect-mexicos-central-bank-chief-resigns/
