Tuesday, May 19, 2015

Remittance Surge: ILLEGALS Money Tide

Immigration: The IDB reports a record-high $65 billion in remittances to Latin America in 2014. It's a lagging indicator of the border surge. But it's a leading indicator for how Latin states fail to make their nations livable.
A man leaves a Western Union agency in Havana, 
Cuba. AP
Based on the chirpy tone of the Inter-American Development Bank's latest report, you'd think that the record-high $65.4 billion in remittances received in Latin America and the Caribbean this year, the bulk of which went to Mexico and Central America, were a good thing. Words like "recovery," "significant growth" and "improved" were prominent.
Some Countries Depend on Remittances sent 
home by ILLEGALS working in U.S.
The word to describe what these cash-sendings from immigrants really mean was left out: misery. People leave for a foreign land because the socialist conditions are so intolerable back home.
The facts tell the story: Remittances to Mexico rose 8% from a year earlier and 7.4% to Central America. Mexico hauled in $24 billion in 2014, a third of the total for all of Latin America. Guatemala took in $5.5 billion, up 8.6%; El Salvador gained $4.2 billion, up 6.7%; and Honduras received $3.35 billion, an 8.8% spike. IDB forecasts further gains this year.
Read the rest of the IBD editorial HERE.

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