The Bank of Mexico regularly details the remittances flowing into Mexico each month from Mexicans working overseas. Since most of that country's emigrants -- legal or otherwise -- are based in the U.S., with no small number involved in construction and other economically-sensitive industries, the remittance data is viewed by many as a good indicator of how well our economy is doing. As the following chart shows, this particular series (like a host of others) offers little reason for optimism:
Negatives galore!The US has a serious case of ED ( economic dysfunction)
The US economic structure is basically a composition of:
1 an industrial/manufacturing sector
2 a retail sector
3 a financial sector
For a healthy productive economy all 3 components must work
in unison and harmoniously.
Well, the productive sector has been dismantled and shipped to 3rd.
world country's ,production in this country is at a minimum.
2 the retail sector imports most of its merchandise from abroad
3 the financial sector is corrupted to the bone, creates money
out of thin air, it is deeply involved in speculative credit and feeds
itself on the tax payers back.This is bad enough,but there is more,
Zillions are spent on foreign wars. The US is a debtor nation of considerable
proportion. Credit for the consumer as dried up and his income has been
reduced by a considerable extent. the negatives permeate all sections of our society
Posted by: roger | January 28, 2010 at 12:04 AM