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Politics : Foreign Affairs Discussion Group

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To: Wharf Rat who wrote (240518)	9/1/2007 4:11:06 PM
From: Wharf Rat	Read Replies (1) of 281500

US / Mexico : Failed System and Failed State Jim Willie South of the border is Mexico, whose fiscal wagon is quietly and dangerously careening down a hill, most assuredly over a precipice. This would constitute another extreme development. The decline of their giant oil field Cantarell, combined with the mismanagement of their PEMEX national oil industry, hampered by their corrupt powerful labor union, stymied by their compromised Parliament, these guarantee a monstrous fiscal problem in Mexico . The reduction in their FOREX trade surplus accelerates from greater gasoline import, a whiplash factor. This story has so far eluded the sleepy lapdog press, but not the oil industry. This story was covered in the August Hat Trick Letter in greater depth. My forecast is for Mexico to disintegrate into a failed state within two years, owing to its lost FOREX trade surplus and utter breakdown of law and order. Mexico City soon will be forced to turn to desperate measures.http://www.marketoracle.co.uk/Article1969.html or Message 23846457

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