There’s a lot of money to be made on the transfer of money by illegal aliens from the U.S. back to Mexico.
President Donald Trump does not like remittances — the money immigrants send back to their countries. After all, money leaving the country does not align with his America first ideology. While his administration is trying to figure out whether taxing remittances might be a way to pay for the border wall, Mexicans in the U.S. keep sending money to their homeland. The amount of remittances sent to Mexico reached $2.3 billion in April, according to the country’s central bank. Last year, about $27 billion was sent to Mexico.
“We must assure the free flow of remittances,” Mexican President Enrique Pena Nieto said in January, adding that remittances are “an invaluable contribution to national development and indispensable for millions of Mexican families.” –Washington Examiner
Yesterday, conservative author, commentator, blogger and personality, Michelle Malkin, appeared with Alex Marlow on Breitbart’s Patriot Radio News show to discuss her new book, “Open Borders Inc.: Who’s Funding America’s Destruction?” that reveals who’s behind America’s immigration crisis. Malkin’s book exposes names like Facebook’s CEO Mark Zuckerberg, actor George Clooney, the Pope and of course, George Soros, who’re behind the efforts to “erase America.”
During her interview, Malkin exposed a taxpayer-funded program that helps immigrants send money from U.S. businesses back to Mexico. Malkin says Americans should know that they are largely funding their own destruction.
Michelle explained, that while working on a section of her book called “Banking on Illegals,” she discovered that the “Federal Reserve itself” was “trying to hone in” on a program where banks and private institutions were helping illegal aliens to send remittances (payments) back to Mexico. Malkin revealed that the U.S. Fed Reserve’s program is “specifically marketed to illegal aliens in America.” Malkin told Marlow that the program, “The idea that the federal government itself, is breaking the laws of aiding and abetting illegal aliens, and it hasn’t been shut down? I mean, not only should President Trump fullfill the promise that he made many, many, many months ago, to tax remittances, but he should shut down this Federal Reserve program as well.”
Malkin explained how Judicial Watch has been suing for years to get documents on the program called “Directo a Mexico.” She told Marlow that President Trump should release the documents on the program to Judicial Watch and then shut it down.
Michelle explained how taxpayer dollars were used in to market the program in Minnesota, by holding a fair for illegal aliens to help make them aware of the money transferring program.
— Breitbart News (@BreitbartNews) September 13, 2019
From the Federal Reserve’s Directo a Mexico website:
Directo a MéxicoSM (Direct to Mexico) is a joint marketing effort between the Federal Reserve Banks and the Banco de México, the central banks of the United States and Mexico, respectively. This program is designed to help U.S. financial institutions increase their share of the rapidly growing U.S. to Mexico remittance market by encouraging and assisting their customers in using the Federal Reserve Banks’ FedACH International®Mexico Service.
What is a remittance?
Money transfers, or remittances, are person-to-person payments generally to family members living in an individual’s country of origin. Remittances are a large and growing global phenomenon. However, several important characteristics of the U.S. to Mexico remittance market make it an attractive business consideration for financial institutions. The amount of funds transferred into Mexico is the second largest in the world – only India receives more remittance funds. It is notable that almost all remittances to Mexico originate in one country – the U.S. – and are growing at a very fast annual rate. Remittances to Mexico topped $20 billion in 2005 and have experienced double-digit percentage growth for the past several years.
Here’s a brief description of Michelle Malkin’s new book, “Open Borders Inc., Who’s Funding America’s Destruction?’
In the name of compassion—but driven by financial profit—globalist elites, Silicon Valley, and the radical Left are conspiring to undo the rule of law, subvert our homeland security, shut down free speech, and make gobs of money off the backs of illegal aliens, refugees, and low-wage guest workers.
Politicians want cheap votes or cheap labor. Church leaders want pew-fillers and collection plate donors. Social justice militants, working with corporate America, want to silence free speech they deem “hateful,” while raking in tens of millions of dollars promoting mass, uncontrolled immigration both legal and illegal.
Malkin names names—from Pope Francis to George Clooney, from George Soros to the Koch brothers, from Jack Dorsey to Tim Cook and Mark Zuckerberg. Enlightening as it is infuriating, Open Borders Inc. reveals the powerful forces working to erase America.
Every American who cares about what’s happening to our country as a result of our decades-old broken immigration system, should read Malkin’s important book.