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Did Trump Just Break Mexico? ("Aztlan Sur") Sure Didn't Take Him Long...

Discussion in 'Politics Forum' started by Eugene Baker III, Jan 11, 2017.

  1. Eugene Baker III

    Eugene Baker III Go UCR Highlanders!!!

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    Mexican peso hits all-time low on Trump comments

    The Mexican peso tumbled to a fresh all-time low on Wednesday after President-elect Donald Trump said he hopes General Motors Co. GM, +1.53% will follow Ford Motor Co.'s [d: f] example and keep more jobs in the U.S. Trump's remarks came several minutes into his first news conference since his Nov. 8 electoral victory. Trump recently criticized GM for selling Mexican-built cars in the U.S. Last week, Ford said it would scrap plans for building a new factory in Mexico, and instead expand an existing factory in Michigan. One dollar bought 22 pesos in recent trade, up 1% from 21.78 pesos late Tuesday in New York. Mexican stocks fell following Trump's comments, with the iShares MSCI Mexico Capped ETFEWW, -0.49% down 1.3% at $41.41 a share. The peso has fallen sharply since the election on the belief that Trump will seek to negotiate a more stringent trading relationship with Mexico.

    Protests ignited by gasoline price hikes continue to roil Mexico

    Border Bridges Closed Amid Mexican Gas Price Riots

    [​IMG]


    Mexico: Protests, looting after 20% gas price hike - CNN.com

    [​IMG]
     



  2. Eugene Baker III

    Eugene Baker III Go UCR Highlanders!!!

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  3. outofyourmind

    outofyourmind Oklahoma Sooners

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    Broke Mexico

    [​IMG]
     
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  4. Payton

    Payton Well-Known Member

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    Let's just annex them already and kill two birds with one stone.
     
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  5. Superbelt

    Superbelt Castigat ridendo mores

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    We could get another 7 states or so out of it. Force them to conform to our laws, minimum wage etc. And, Mexico's border with Guatemala and Belize would be a HELL of a lot easier to police.
     
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  6. Wedgie

    Wedgie White Privilege Member

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    Ah, so that's where progs get 57 states from.

    Always wondered about that. Stupidity usually has a beginning.
     
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  7. Eugene Baker III

    Eugene Baker III Go UCR Highlanders!!!

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    Good place for nuclear waste, medical waste, and prisons.
     
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  8. Eugene Baker III

    Eugene Baker III Go UCR Highlanders!!!

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    Narrower.


    The challenge?

    According to Pew Research Hispanic Studies, 70% of Mexicans think the government is directly responsible for their economic and familial success.

    Libertarian, they ain't.

    American Hispanics are actually worse: Hispanics Favor Bigger Role for Government

    Declining Ratings for Mexico’s Peña Nieto
     
  9. Melman

    Melman Got Soup?

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    Oops...
     
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  10. Eugene Baker III

    Eugene Baker III Go UCR Highlanders!!!

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    Landscaping prices in San Diego just hit rock bottom.
     
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  11. TJL

    TJL Heat in 6

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    [​IMG]
     
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  12. Eugene Baker III

    Eugene Baker III Go UCR Highlanders!!!

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  13. Eugene Baker III

    Eugene Baker III Go UCR Highlanders!!!

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    Investors Bolt Mexico as Peso Enters Free Fall

    Mexico peso hits record low on Trump uncertainty, more weakening feared


    Mexico's peso MXX=D2 slumped to a new low against the dollar on Tuesday, fueled by concern about the policies of U.S. President-elect Donald Trump, and comments by an economic think tank that further depreciation is "almost inevitable."

    The peso was the worst-performing major currency last year, weakening 20 percent against the dollar as Trump closed in on the U.S. presidency. It skidded further to a low of 21.8275 per dollar by mid-afternoon, dipping 2 percent.

    The depreciation has accelerated in the first few days of 2017 after Trump told major automakers last week to expect high taxes on vehicles made in Mexico that are sold in the United States as he attempts to bring back manufacturing jobs.



    As long as uncertainty persists about what Trump will do once he takes office on Jan. 20, the peso could face more pressure.

    "It's foreseeable. I'd say almost inevitable that it keeps on depreciating," said Jose Angel Gurria, secretary general for the Organization for Economic Co-operation and Development at a news conference in Mexico City.

    The peso has fallen by more than 5 percent against the dollar since Jan. 1, according to Reuters data.

    Gurria, who served as Mexico's finance minister from 1998 to 2000, said Mexico's central bank, which sold $2 billion in dollar reserves last week to support the peso, had helped prevent a deeper crash. But he warned it could not burn through too many greenbacks.

    Many analysts fear the peso's fall is fueling higher inflation, which picked up to its fastest pace in 2 years last month.

    Consumer prices could be further fanned by a double digit gasoline price hike this month that has spurred protests, looting and road blockades.
     
  14. Eugene Baker III

    Eugene Baker III Go UCR Highlanders!!!

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    Pranksters Rename Mexico's Congress As 'Chamber of Rats' On Google Maps | The Huffington Post

    The lower house, also known as the Chamber of Deputies, became the “Chamber of Rats”, using the Spanish word “rata,” which is also slang for thief in Mexico.

    “Our teams are working fast to resolve this incident,” Google Mexico said in a statement, explaining that place names on the online mapping service came from third parties, public sources and contributions from users.

    It was the second such attack in the space of a few days.

    Mexican media reported at the weekend that the presidential residence appeared as the “Official Residence of Corruption” on Google Maps before Google Mexico removed it from the map and apologized for “inappropriate content” created by a user.





    I guess "you had to be there..."
     
  15. Eugene Baker III

    Eugene Baker III Go UCR Highlanders!!!

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    As Mexico struggles with a down economy and corruption, protesters take to the streets

    [​IMG]
    A mask with fake blood depicting Mexican President Enrique Pena Nieto is seen during a protest against a fuel price hike in Mexico City, Mexico January 9, 2017.

    “On Saturday for example, there was a protest in Mexico City, and a much bigger one in Mexico’s second city of Guadalajara,” she says. “There was another protest again [in Mexico City] [Monday], and there are protests on the border. It’s really been quite widespread.”

    Though people are taking to the streets and to social media with the hashtag #Gasolinazo to protest a 20 percent increase in gas prices, Malkin says the fuel demonstrations have actually come to symbolize a myriad of issues.

    “People are being asked to sacrifice, but there’s a sense that politicians have continued in their corrupt ways,” she says. “Mexico has seen a number of corruption scandals that have cost hundreds of millions, if not billions of dollars. People are saying, ‘Wait a minute. We’re being asked to sacrifice and the prices of our ordinary lives are going up, and yet the government seems to be unwilling to do anything about all of the money that’s been stolen?’”

    On Monday, Peña Nieto announced an agreement to ease the fiscal burden on ordinary families, but the plan lacked concrete details, Malkin says.

    On top of all this is the question of President-elect Donald Trump. The Trump Administration plans to put more economic pressure on Mexico and build a wall along the southern US border, something that could make the situation in Mexico worse.

    “There’s a great deal of anxiety here about the Trump presidency,” says Malkin. “The question is really how far will he go in keeping his campaign promises, because if he does, that will have a huge impact on Mexico, especially renegotiating or even tearing up the North American Free Trade Agreement, which has brought a lot of investment to Mexico and has created jobs.”

    Though he hasn’t officially taken office yet, Trump’s influence has already reached south of the border.

    “Last week, we saw an announcement that Ford would cancel a planned new assembly plant here,” Malkin says. “Now, it’s unclear really how much President-elect Trump’s threats and bullying on Twitter was the reason for that, it also has to do with the market for small cars — Mexico’s really become a center for producing small cars. But if we see more of that, that’s of great, great to Mexicans.”
     
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  16. Eugene Baker III

    Eugene Baker III Go UCR Highlanders!!!

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    Oil, Trump, leave Mexico in dire economic straits

    The OECD finds widespread economic disparities in Mexico, from varying production centers in the north and south to other inequalities, including a lack of opportunities for women.

    The deregulation that caused gas prices to spike at the start of 2017 is part of a broader reform program meant to open the country up to outside oil investment for the first time since 1938, when the Mexican government took control of the country's oil industry and sidelined foreign investments.

    Apart from that opening, Mexican state oil company Petróleos Mexicanos announced two recent oil discoveries in the deep waters of its territory of the Gulf of Mexico and four in the shallow waters, which could combine for a potential production rate of around 22,000 barrels of oil per day. All told, the discoveries contain, at the high end, an estimated 200 million barrels of oil equivalent.

    Nevertheless, Gurria said that, even as the rise in crude oil prices offers some support to the Mexican economy, the global background is "highly complicated."

    The OECD said it expected the Mexican economy to grow at around 2.3 percent this year and manage only a 0.1 percent gain next year.
     
  17. Duke of Douchington

    Duke of Douchington Keep da liberals outta Canada!

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    Why the fuck would we want that?
     
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  18. xpuctaqpGT

    xpuctaqpGT Modern Major General

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    Bear in mind, it is in the best interests of the US that Mexico does at least fairly well. We want them to be doing just well enough that the hassle of illegally crossing the border into the US isn't worth it. There's 122 million people living in Mexico. We don't want them all to just give up and try to come here.
     
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  19. fordman84

    fordman84 [insert clever title] Admin

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    Fuck Mexico, and build the wall. Just as we got what we deserved for electing Obama, Mexicans deserve what they get for electing Nieto.
     
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  20. Eugene Baker III

    Eugene Baker III Go UCR Highlanders!!!

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    Exactly! But Trump turned the fire up on the pressure cooker...


    Every stupid ass Mexican politician and Billionaire is going to be called to account....and they are not going to like it.



    Vicente Fox was a certifiable moron....Pio Nieto is smarter but his "help" is not.
     
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