MEXICO ATTEMPTS ECONOMIC WAR ON AMERICA, SHOOTS ITSELF IN THE BALLS
Paul Ryan's "Almost America" Open Borders video 1:39
ConservativeTreehouse: It's Beginning - Economic Micro-riots erupt in Mexico
Twitter: ZeroHedge: Peso Tumbles as Mexican Central Bank Intervenes (Again)
If at first you don't succeed, intervene again! For the second time today (at midnight ET) Banxico officials confirmed the central bank entered the market to sell US dollars.
paste of comment regarding above tweet:
"HOLY CRAP …
for those that didn’t read it, basically the Mexican government is selling it’s SILVER hoarde…. for U.S. Dollars, which it is then selling, and buying… PESOS with it!
So they’re trying to drive down the dollar (because they’re selling lots of it) and drive up the Peso (because they’re buying lots of it)… but ultimately they’re trading a fairly stable commodity (silver) for a falling currency (their own Peso).
Isn’t that the kind of stuff that goes on just before a country’s currency collapses?"