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May 4, 2007 at 12:15 PM #9001May 4, 2007 at 2:07 PM #51867Ash HousewaresParticipant
There’s some good stuff in there, but the author loses a lot of credibility in my mind when he speaks of nationalization and the “Amero”.
May 4, 2007 at 2:50 PM #51870blahblahblahParticipantDon’t worry Ash, that Amero stuff will make a lot more sense to you in about 10 years. Or to get a taste of what’s about to happen, take a trip to Texas and see the construction for the Trans-Texas Corridor which will soon be moving goods from Mexican ports to a Wal-Mart near you. Also keep an eye out for those Mexican long-haul truckers that will soon be blowing past you at 80mph in poorly-maintaned rigs with bald tires. Federally-mandated 8-hour driving limits? Not for Jose and Pablo, they get to drive for days at a stretch without sleep; if they stop to nap they’ll get fired and replaced with another $6/hour driver from Oaxaca. Ain’t globalization grand? The ultimate goal is to move the North American ports of entry for Asian and European goods to Mexico where labor is much cheaper and more difficult to organize. It’s a race to the bottom — Ross Perot called it back in 1992 but no one listened to him…
May 4, 2007 at 5:39 PM #51889masayakoParticipantMr. Whitney,
All the stuff you have said…. I already know that for years…. The important question is:
Given that situation, where to invest?
Masayako
May 6, 2007 at 6:36 AM #519344plexownerParticipantI want to follow up on CONCHO’s post
The overall plan as I understand it is to have a transportation corridor between Mexican ports and a processing facility in Kansas
What does this accomplish?
1. freight coming from Asia can bypass the ports of Seattle, San Francisco and Long Beach and go to Mexico instead – dock workers in the US make $140K because of their union – same job in Mexico will probably pay $12K to $25K? – European shippers will bypass the US ports on the East coast to gain the benefits available in Mexico
2. freight being trucked out of a Mexican port goes onto a Mexican truck with a Mexican driver vs US truck/driver – Mexican truck/driver don’t have to comply with US regs as CONCHO points out and the driver makes much less than US driver [the Mexican trucking companies will probably be able to declare bankruptcy and disappear if one of their trucks causes an accident inside the transportation corridor]
3. freight being transported via the new corridor is not subject to any existing US laws / import restrictions / import duties / trade tariffs / liability insurance for hazardous material / etc – [I’m reaching here but I can see TPTB doing a total end run around all existing US laws if it puts $$$ in their pockets]
Is this the country you want to leave to your kids?
May 7, 2007 at 6:30 AM #51959NeetaTParticipantI have known about what was asserted in the above write-up for many years, but have yet to see a negative effect caused by it. All I see is everyone except for people like me who hoard cash make money hand over fist. Who cares if the Stock Market is rigged if you are making money? When will we see these negative effects, a 100yrs from now when we are all dead?
May 7, 2007 at 6:35 AM #51961NeetaTParticipantOh, by the way, I have the same question as was stated by Masayako.
Mr. Whitney,
All the stuff you have said…. I already know that for years…. The important question is:
Given that situation, where to invest?
Masayako
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