Flame — HabitableZone

Flame » in reply to Interesting.

SDAI-OLOGY:Insane political ideology backed up by inability to perform basic research and a failure to take anti-psychodics

Remittances are well tracked by many entities
here is a pretty chart for you.

The total 2003 GDP of Mexico was all of 637 Billion (here)- but you claim Mexicans in the US remitted 500 billion every year for the last 20?

Total remittances to Mexico in 2005 were less than 20 billion, and world wide remittances amount to 232 billion- thats from all developed countries to all undeveloped countries. (here)

Even if remittances to Mexico are ten times higher than these figures, you would still be less than half right- par for the course, eh Techie?

"The countries receiving the most in recorded remittances are India ($21.7 billion), China ($21.3 billion), Mexico ($18.1 billion), France ($12.7 billion), and the Philippines ($11.6 billion). Those for which remittances account for the largest proportion of gross domestic product are Tonga (31%), Moldova (27.1%), Lesotho (25.8%), Haiti (24.8%), and Bosnia and Herzegovina (22.5%." (here)

Its funny to watch you thrash about trying to understand what has happened, trying to find a scape goat to pin the failure of your idiology on.

Rand was bad pseudophilosophy whose ideas only ever worked in sub-par books of polemic fiction. Unrestricted capitalism and un regulated speculation Has been the source of nearly every national economic collapse our country has suffered through. Fannie and Freddie are nto the problem, the problem was the un-regulated Securitization process, no regulation in the subprime industry, no regulation in the CDS and Derivative markets.

Show me the regulations that forced brokers and banks to give Balloon loans to low income families? Show me the regulations that forced banks to misrepresernt the quality of paper by bundling bad debts and issuing stock on that bundle. Show me the regulations that forced bond rating agencies to assign AAA status to these? Show me the regulations that forced investors to make the insane assumption that property values would never fall.

George Soros is not to blame for this. The brief oil spike is not to blame for this.

10 years fo conservative insanity is to blame for this.

Yeti

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