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TheLastRefuge @TheLastRefuge2 - Approximately 12.3 million Mexicans live abroad, both legally and illegally, with 97% of them living and working in the United States, according to BBVA Research.
Last year Mexicans living abroad sent $64.75 billion back home in remittances, largely from Texas and California to states in central and western Mexico.
According to data recently released, in April of this year remittances back to Mexico dropped 12.1%. The Mexico central bank said April saw 8.1% fewer transactions than a year earlier, that’s down to 12.4 million transactions. For Mexico this is a devastating outcome.
How dependent is the Mexican Govt on these remittances? Remittances sent home by Mexicans working outside the country surpassed petroleum revenues in 2015. Oil Revenue in 2015 was 23.4 billion; remittances were $24.8 billion.
Last year in 2024 remittances were $64.75 billion…. and in April of this year the remittances dropped by 12.1%.
If you don’t think there is a critical financial motive in this, think again.
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TheLastRefuge @TheLastRefuge2
Defense Secretary Pete Hegseth Activates 700 Marines to Assist ICE Operations in Los Angeles During Riots
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https://x.com/TheLastRefuge2/status/1932239120576676271

Leading Report @LeadingReport - BREAKING: House votes to repeal a D.C. law that allows noncitizens to vote in local elections.
https://x.com/LeadingReport/status/1932571624102043860

Leading Report @LeadingReport - BREAKING: Rep. Tim Burchett says L.A. looters should be shot.