Change in Direction

More evidence of the U.S. nonrecovery? A growing number of Mexicans believe the opportunities are better on their side of the border.

"Home Again in Mexico: Illegal Immigration Hits Net Zero" (Christian Science Monitor)

Tiny Tamaula is the new face of rural Mexico: Villagers are home again as the illegal immigration boom drops to net zero

One million Mexicans said they returned from the US between 2005 and 2010, according to a new dem-ographic study of Mexican census data. That's three times the number who said they'd returned in the previous five-year period.

And they aren't just home for a visit: One prominent sociologist in the US has counted "net zero" migration for the first time since the 1960s.

I wonder how long it will be before a flood of Americans are sneaking over to their side of the border?

Comments

[Maybe this scared them]

Why Obama's JOBS Act Couldn't Suck Worse

Boy, do I feel like an idiot. I've been out there on radio and TV in the last few months saying that I thought there was a chance Barack Obama was listening to the popular anger against Wall Street that drove the Occupy movement, that decisions like putting a for-real law enforcement guy like New York AG Eric Schneiderman in charge of a mortgage fraud task force meant he was at least willing to pay lip service to public outrage against the banks.

Then the JOBS Act happened.

The "Jumpstart Our Business Startups Act" (in addition to everything else, the Act has an annoying, redundant title) will very nearly legalize fraud in the stock market.

In fact, one could say this law is not just a sweeping piece of deregulation that will have an increase in securities fraud as an accidental, ancillary consequence. No, this law actually appears to have been specifically written to encourage fraud in the stock markets.

Read more: http://www.rollingstone.com/politics/blogs/taibblog/why-obamas-jobs-act-couldnt-suck-worse-20120409#ixzz1rarToTFS

[Maybe they don't want to be sent off to war?]

Romney "Surrounded by Neocons, Playing Around with Matches" on Iran

Romney added that he’d restore aircraft carriers to the eastern Mediterranean and Persian Gulf region. And he closed with this stark warning: “Either the ayatollahs will get the message, or they will learn some very painful lessons about the meaning of American resolve.”

“The easy, quick fashion in which he disposes of the Iranian problem by indicating that in effect, he would be using force, is very troubling,” Brzezinski pere told the gang. “I don’t think a presidential candidate should be playing around with matches that way. This whole thing can become explosive, disturbing, and destructive.”

Joe Scarborough noted that in recent times, the Republican Party has been split between realists like James Baker and Colin Powell, and the neo-conservatives who pushed for war in Iraq. “If you look at the people who are around Mitt Romney, he’s surrounded by neocons,” said Scarborough.

As bad as Obama is on foreign policy, Romney is worse. I cannot and will not vote for either Romney or Obama. Many independents feel the same, and they will be the key to the election.

http://globaleconomicanalysis.blogspot.com/2012/04/romney-surrounded-by-neocons-playing.html

[The vultures already crossed]

Vulturecrats

But then there are the vulture funds. They follow a quite different path. They are creatures of the law not of finance and there are not many. One of the biggest, most notorious and best connected is Elliot Associates of Manhattan. They have very close links with the Republican Party and to Mitt Romney in particular ( They are large donors to his campaign). Another is FG Capital management. These companies are financial companies all founded and largely owned by Wall Street lawyers. FG Capital Management was founded by a former Morgan Stanley consultant.

Vulture funds buy the bonds others have given up on. They buy what is often referred to as ‘distressed debt’. That is debt that has been defaulted upon and is, for the ordinary bond manager, worthless. The vulture buys it and then sues the defaulting nation. It is a very specialized area of the law and of finance. As an IMF study from 2003 said of vulture funds,

“Investors in this market posses specialized knowledge of bankruptcy law and international litigation and are willing to hold out for many years before seeing any recovery”

The study looked at Elliott Assciaites and others and found that those vulture funds trading in distressed sovereign debts who resorted to litigation to force repayment made profits of between 50-333% net of legal fees. Elliot Associates, for example, sued Peru.

For example, Elliott Associates sued Peru in the Southern Distric Court of Manhattan by filing to seize money Peru had in the vaults of Chase Manhattan Bank. Chase was acting as agent for Peru when Peru was paying certain other debts. Elliott argued that if Peru had money to pay other creditors then it – and more importantly Chase – had a legal duty to treat Elliott and its claim equally. The suit held up payments and seemed to threaten Peru with financial paralysis. The threat worked. Peru paid. Elliott had bought the distressed debt for cents on the dollar and got the whole dollar plus interest. This is only one of several strategies used by Vulture funds.

Now to my horrid thought.

http://www.golemxiv.co.uk/2012/04/vulturecrats/

[Usurious system]

Avg. Folks Choosing Food, Health, or Fuel

Average Americans are having to choose between food or fuel. The productive value of a person in this position is zero to the corporate Fascist oligarchy. If you decided to leave the country where would you go? Islands of suitability are those countries that have the rule of law. This is a global crisis that will be very hard if not impossible to prepare for. What should younger people do to prepare for the future. This is a major structural problem for people looking for jobs with 1/2 Billion meaningful jobs vs 2.5 Billion labor participants.

http://inpoints.blogspot.com/2012/04/avg-folks-choosing-food-health-or-fuel.html