Author Topic: HELL YES: Trump Sends $23.6 Billion Message To Mexico, And Americans Will Win BIG TIME  (Read 269 times)

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Offline corbe

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HELL YES: Trump Sends $23.6 Billion Message To Mexico, And Americans Will Win BIG TIME

April 11, 2019  Martin


President Donald Trump is planning to send a $23.6 billion message to Mexico, and illegal aliens will be effected the most by the move.

The White House is preparing to target remittance payments made by illegal immigrants in the wake of the crisis at the U.S.-Mexico border.

Here’s more from The Daily Caller:
Quote
The plans to target remittance payments come amid a broader shakeup at the Department of Homeland Security (DHS) and future executive actions designed to curb illegal immigration. The situation at the southern border has escalated in recent weeks, with thousands of migrants arriving daily to claim asylum.

<..snip..>

https://ilovemyfreedom.org/not-playing-trump-to-send-23-6-billion-message-to-mexico-and-illegals-will-lose-big-time/
No government in the 6,000 years of modern mankind history has led its people into anything but the history books with a simple lesson, don't let this happen to you.

Offline corbe

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   Color me skeptical, just more Red Meat.
No government in the 6,000 years of modern mankind history has led its people into anything but the history books with a simple lesson, don't let this happen to you.

Offline ABX

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The problem is how do you know a 'remittance' payment was made by an illegal or is part of the billions of dollars of legal financial transactions that take place between people in the US and Mexico every day?

If I want to send a thousand dollars of my own money to a church in Mexico, that is my business. The money is mine, not the government's.

If I take that to a Western Union or World Remit and apply that as a cash transaction, they would have no idea who it is coming from.


Offline corbe

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   Wouldn't they just purchase pre paid MC/Visa and just mail them back home.
No government in the 6,000 years of modern mankind history has led its people into anything but the history books with a simple lesson, don't let this happen to you.

Offline skeeter

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The problem is how do you know a 'remittance' payment was made by an illegal or is part of the billions of dollars of legal financial transactions that take place between people in the US and Mexico every day?

If I want to send a thousand dollars of my own money to a church in Mexico, that is my business. The money is mine, not the government's.

If I take that to a Western Union or World Remit and apply that as a cash transaction, they would have no idea who it is coming from.

Ordinarily I would say make em produce a social security number of drivers license before wiring money but that wouldn't work either.

Offline ABX

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   Wouldn't they just purchase pre paid MC/Visa and just mail them back home.

Or just use this thing called the internet and PayPal funds back and forth.

Offline Sanguine

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This used to be the way it was.  I'm not sure, but I think if you send money to a foreign nation, you have to produce additional documentation.  But, then, I'm not sure I've ever done a Western Union, so I'm not sure how it works normally.  I may have to see how it works.
Cui bono?

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Offline Absalom

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You're in the US where our currency is the dollar and you want to remit
(send) money to Mom in Mexico whose currency is the peso.
As such foreign exchange is involved which is controlled by the central bank
(Federal Reserve) of the remitting nation.
The Fed can unilaterally impose controls/restrictions on what is sent,
such as ordering any financial institution to withhold say 40% on the
amount remitted as a tax which can be reclaimed by the sender once
he files his annual tax return.
Exchange restrictions similar to this have been in existence since the
Great War and are used by nations daily.
This is what Trump/Treasury are alluding to.
Some sound oblivious.

Offline thackney

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Most of the $33 Billion in Remittances to Mexico Flow Via U.S. Govt. Banking Programhttps://www.judicialwatch.org/blog/2019/04/most-of-the-33-billion-in-remittances-to-mexico-flow-via-u-s-govt-banking-program/

Though President Trump said he would block money transfers to Mexico to fund a much-needed border wall, Mexicans in the U.S. sent a record $33.48 billion in remittances last year and a big chunk of it flowed through a government program operated by the Federal Reserve. This means that, amid an onslaught of illegal immigration, the U.S. government is largely responsible for the billions in remittances flowing south of the border from illegal aliens. Figures released by Mexico’s central bank show that 104 million transactions were executed in 2018, nearly six million more than the previous year.

Uncle Sam facilitates the process with a program called “Directo a Mexico” (Direct to Mexico), launched by the Federal Reserve, the government agency that serves as the nation’s central bank, more than a decade ago. President George W. Bush came up with the idea following the 2001 U.S.-Mexico Partnership for Prosperity to provide low-cost banking services to illegal immigrants and facilitate the procedure for those sending money home. In its first year, 2005, remittances to Mexico topped $20 billion and the Federal Reserve reports “double-digit percentage growth for the past several years.” Remittances are transferred through the Federal Reserve’s own automated clearinghouse linked directly to Mexico’s central bank (Banco de Mexico). The Trump administration should eliminate it because it undermines our nation’s immigration laws and is a potential national security nightmare.

Back in 2006 Judicial Watch investigated the outrageous taxpayer-subsidized initiative and obtained government records that shed light on how it functions. Marketing materials target immigrant workers in the U.S.—regardless of their legal status—as well as banks, credit unions and other financial institutions. The program is promoted as “the best way to send money home,” offering “more pesos for every dollar.” American financial institutions are charged $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 marketing materials also include the number of Mexican migrants in the U.S. with no distinction between those here illegally or not. A separate list identifies thousands of Mexican banks receiving “Directo a México” transfers....
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Offline ABX

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This used to be the way it was.  I'm not sure, but I think if you send money to a foreign nation, you have to produce additional documentation.  But, then, I'm not sure I've ever done a Western Union, so I'm not sure how it works normally.  I may have to see how it works.

With internet banking and transfer services, all that has been erased. Technically you have to report any transaction over $50k, but even that is rarely ever held to.

These days, you just send $1000 from your email to another email via PayPal. PayPal doesn't know the national origin of that email, the government's can't see that transaction, it is no different than if you used PayPal to buy a shirt off eBay (except there is no physical object being mailed).

Even traditional banks aren't involved in that transfer.

If you jump even from that above the tide transaction to dark web type transactions, like Bitcoin and other virtual currencies, it is even harder (if not impossible);to trace and control.

The administration is going to patch a 1950s era solution on a 2020 problem. It would be like trying to control the press just by taxing printers ink.

It is almost laughable how naive the administration is in regards to this.

Offline Fishrrman

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I say tax ALL money "sent" to Mexico, from illegals or otherwise.

And if YOU send money down there, I'm perfectly ok with YOU paying for the privilege, as well.


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