One of the reasons that relations with Mexico are a hot potato politically speaking for certain Americans is the remittances that are sent south of the border every year. Annually, a significant portion of income in the country of Mexico comes from family members working north of the border who send cash home. The amount of American dollars sent south is estimated to be in the tens of billions of dollars on a regular basis.
Former Kansas Governor Kris Kobach has a suggestion for President Donald Trump as to how to use those remittances as leverage in negotiation with Mexico in getting them to beef up their immigration system.
In an exclusive interview with SiriusXM Patriot’s Breitbart News Tonight, Kobach said Trump should replace his prolonged threat to Mexico — where he said he will wait a year before he puts pressure on the country — with an executive regulation that threatens to end all remittances by illegal aliens in the U.S. back to Mexico….
“The threat I propose is one that actually helps us if we follow through on it. That is the threat of ending remittances from the majority of people in the United States from Mexico who are here illegally. That is a threat that we could carry through on that actually helps our economy because the money is not sent home, it stays in circulation in the U.S. economy and helps rev up our economy. It’s actually a good thing if we follow through.”
Kobach said that though illegal aliens from Mexico in the U.S. may turn to using forms of cryptocurrency to send money back home, the ending of remittances would still likely stop the current trend of soaring illegal immigration while also significantly putting pressure on the Mexican economy.
“There will always be ways to circumvent things you put in place,” Kobach said. “Yes, if we stop wire transfers and bank transfers, there may be ways to get around it and one way to get around it is to send cash in the mail.”
But Kobach says that should not stop President Donald Trump from giving the end of remittances a try.
“But, it will still significantly reduce the amount of money flowing into Mexico if we exercise that threat,” Kobach said. “And frankly, we may never even have to find out because I believe if you pass the initial regulation and you tell Mexico ‘Look, we’re going to finalize this thing unless you give us a safe third country agreement,’ I think they’re going to give us the agreement. They don’t want to risk losing that massive flow of foreign capital. In most years, it’s their second biggest source of foreign capital.”
Money does tend to talk. Now we’ll see if the president takes Kobach’s advice and threatens to cut off the supply.