Mexican shoppers with fists full of cash and long Christmas lists are pouring across the border into hotels, restaurants and shopping malls here, providing an economic boost in a downward spiraling economy.Whaaaaaaaaaaat? Mexicans "stimulating" the US economy? We all thought there was no stopping the famed US Consumer. It also turns out that the much ridiculed Mexicans were, after all, smarter than the Americans:
Mr. Escalante said Mexicans are in a better position to weather economic turmoil because many own their homes outright and do not carry large amounts of credit card debt. “If we have it, we own it and we have already paid for it,” he said.And get a load of this too:
Mr. Aguilar said he had also noticed a sharp increase in the number of Mexicans returning to Mexico with one-way tickets, particularly people from Phoenix. “They are going back to Mexico because they don’t have any job,” he said.With the ongoing rapid collapse of the US economy, there is no more reason for Mexicans (or citizens from any other country really for that matter) to come to the US illegally, or legally as well (thus taking care of the huge backlog in the US immigration queue). No more harassment by pesky, racist immigration officers. Moreover, with the imminent collapse in dollar's value, and concurrently its purchasing power, there is no compelling reason for people in other parts of the world to leave their homes and families behind and work (slave) in the US of A just to escape poverty in their own countries. In fact, the cycle may be set to reverse as other currencies, such as those in Asia, appreciate against the dollar (assuming they are not poorly managed). Don't believe it? Here's a dose of reality. Its the Americans now who may need to immigrate to other countries now in search of a better life!
To borrow a phrase from Morpheus in the movie Matrix - "Fate, it seems, is not without a sense of irony".
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