Mexican Peso Stronger than Usual

[bluejasn]

Trillions of Pesos a month, the whole Mexican Govt is in on it at every level…gotta bribe everyone… police, federal police, mayors, governors, army generals, Defense minister Cienfuegos, Senators, President’s cabinet and presidents (Vicente Fox, Nieto, and Obrador). The banks are also in on it, its all out in the open too…everyone knows it…whose gonna stop them? no one.

[PeiHua-Connie]

@bluejasn

Trillions of Pesos a month,

A month! (or did you mean year?)

[bluejasn]

https://www.washingtonpost.com/politics/2019/06/24/do-mexican-drug-cartels-make-billion-year/

Per month actually every 1.2 months…
500,000,000,000 a year USD /12 months =41,666,666,666 USD per month = 706,769,663,000 pesos a month or close to 1 trillion pesos… So I guess its trillions of Pesos every couple months. But drugs is not their only business now theyve long diversified to human trafficking, human smuggling to US, gambling, mineral mining, stealing gasoline from pipelines, lime and avocado farming (hostile take over), legit businesses like Banking, Car dealerships, real estate, resorts, tourism and Selling Time Shares. Also partnerships with 14k Triads to supply drugs in Asia

[PeiHua-Connie]

Thanks for info, thats very interesting and a lot of money, more that normal business hahah. So maybe drugs make the peso high.

[Explant]

@PeiHua-Connie

@Explant

It’s where you shop Mexico is still cheap. Follow the real estate if you want a more real evaluation of how things are going. Even then, it’s just ports and borders. Cartels still make many areas cheap and scary!

20usd meals Means people are not shopping “locally”. Fancy folks like fancy stories. The chili’s and chickens are all from the same farms

But, on those border/port towns. Yikes. It’s as cringey as Thailand 20 years ago but they can actually manufacture and ship quick. Comes with the territory I guess. Business is business. Mexico is a big player that only grows. Curb the crime in mexico

Crime is still big problem, but I guess drugs Americans eat bring in millions of pesos.

Or weapons and murder

[PeiHua-Connie]

@Explant

@OysterOmelet

@Explant

20usd meals Means people are not shopping “locally”. Fancy folks like fancy stories. The chili’s and chickens are all from the same farms

Actually, $20 USD meals are quite common in restaurants in Mexico. Maybe not breakfast.

Sure. $800 meals here are too. But I wouldn’t call it the norm as far as representing Mexico. It’s more for the wealthy classes. Or wealthier. The wealth gap is going to be an issue in Mexico. 20 dollar breakfasts aren’t even the tip of that ice berg. Meanwhile, most people probably eat 20 cent breakfasts. But monetary value is, at its core, 100% subjective.

Some news on China in Mexico

How Chinese firms are using Mexico as a backdoor to the US

[Explant]

@PeiHua-Connie

@Explant

@OysterOmelet

@Explant

20usd meals Means people are not shopping “locally”. Fancy folks like fancy stories. The chili’s and chickens are all from the same farms

Actually, $20 USD meals are quite common in restaurants in Mexico. Maybe not breakfast.

Sure. $800 meals here are too. But I wouldn’t call it the norm as far as representing Mexico. It’s more for the wealthy classes. Or wealthier. The wealth gap is going to be an issue in Mexico. 20 dollar breakfasts aren’t even the tip of that ice berg. Meanwhile, most people probably eat 20 cent breakfasts. But monetary value is, at its core, 100% subjective.

Some news on China in Mexico
How Chinese firms are using Mexico as a backdoor to the US

Ya. They do that literally everywhere. Canada, Mexico, Vietnam even here in Taiwan they try. It’s a good thing to be aware of and resist. Both society and government.

[PeiHua-Connie]

Canada too?

[Explant]

@PeiHua-Connie

Canada too?

Yes, Canada has a huge China problem. For many decades already.

[Gain]

It’s stronger compared 5 years ago but not 10 years ago. Very, very few currencies are stronger now against NTD relative to 10 years ago. They are either stable (USD) or much weaker (JPY, KRW, EUR, GBP etc.)

[Explant]

Indeed, many common currencies traded in banks here are way lower than before against the NTD. USD likes to hang around 30 (intentionally). But ones like Malaysia, Australia, nz, cdn etc are way lower.

The amount people manipulate currency makes me stay far away from forex. I’m also a p*ssy when it comes to gambling. I mean speculation. I mean forex and stocks.