Do Illegals Help or Hurt Our Economy?

WHAT IF THEY LEFT

Considering the Denver Post is a very liberal paper I’m surprised they published this.  This really shows how the hiring of illegal’s is a false economic practice.

Tina Griego is a Free-Lance reporter for the Denver Post.  She writes some really good stuff and she is a strong advocate for LEGAL Immigration homework on issues is part of her make-up and fabric ..

What if they left?

Somebody really did their homework on this one.  Best on the subject to date.  It does not have a political slant to it, it’s just the facts: Not Democratic, not Republican, not liberal and not conservative.

What if 20 Million Illegal Aliens Vacated America?
I, Tina Griego, journalist for the Denver Rocky Mountain News wrote a column titled, “Mexican Visitor’s Lament.”
I interviewed Mexican journalist Evangelina Hernandez while visiting Denver last week.  Hernandez said, “Illegal aliens pay rent, buy groceries, buy clothes.  What happens to your country’s economy if 20 million people go away?”
Hmmm, I thought, what would happen?
So I did my due diligence, buried my nose as a reporter into the FACTS I found below.

It’s a good question…  it deserves an honest answer.  Over 80% of Americans demand secured borders and illegal migration stopped.  But what would happen if all 20 million or more vacated America?  The answers I found may surprise you!

In California, if 3.5 million illegal aliens moved back to Mexico, it would leave an extra $10.2 billion to spend on overloaded school systems, bankrupt hospitals and overrun prisons.  It would leave highways cleaner, safer and less congested.  Everyone could understand one another as English became the dominant language again.

In Colorado, 500,000 illegal migrants, plus their 300,000 kids and grandchildren would move back “home,” mostly to Mexico.  That would save Colorado an estimated $2 billion (other experts say $7 billion) annually in taxes that pay for schooling, medical, social-services and incarceration costs.

It means 12,000 gang members would vanish out of Denver alone.

Colorado would save more than $20 million in prison costs, and the terror that those 7,300 alien criminals set upon local citizens.  Denver Officer Don Young and hundreds of Colorado victims would not have suffered death, accidents, rapes and other crimes by illegals.

Denver Public Schools would not suffer a 67% dropout/flunk rate because of thousands of illegal alien students speaking 41 different languages.  At least200,000 vehicles would vanish from our gridlocked cities in Colorado.  Denver’s 4% unemployment rate would vanish as our working poor would gain jobs at a living wage.

In Florida, 1.5 million illegals would return the Sunshine State back to America, the rule of law, and English.

In Chicago, Illinois, 2.1 million illegals would free up hospitals, schools, prisons and highways for a safer, cleaner and more crime-free experience.

If 20 million illegal aliens returned ‘home,’ the U.S.  economy would return to the rule of law.  Employers would hire legal American citizens at a living wage.  Everyone would pay their fair share of taxes because they wouldn’t be working off the books.  That would result in an additional $401 billion in IRS income taxes collected annually, and an equal amount for local, state and city coffers.

No more push ‘1’ for Spanish or ‘2’ for English.  No more confusion in American schools that now must contend with over 100 languages that degrade the educational system for American kids.  Our overcrowded schools would lose more than two million illegal alien kids at a cost of billions in ESL and free breakfasts and lunches.

We would lose 500,000 illegal criminal alien inmates at a cost of more than $1.6 billion annually.  That includes 15,000 MS-13 gang members who distribute $130 billion in drugs annually would vacate our country.

In cities like L.A., 20,000 members of the ‘ 18th Street Gang’ would vanish from our nation.  No more Mexican forgery gangs for ID theft from Americans!  No more foreign rapists and child molesters!

Losing more than 20 million people would clear up our crowded highways and gridlock.  Cleaner air and less drinking and driving American deaths by illegal aliens!
America ‘s economy is drained.  Taxpayers are harmed.  Employers get rich.  Over $80 billion annually wouldn’t return to the aliens’ home countries by cash transfers.  Illegal migrants earned half that money untaxed, which further drains America’s economy which currently suffers a $20 trillion debt.  $20 trillion debt!!!

At least 400,000 anchor babies would not be born in our country, costing us $109 billion per year per cycle.  At least 86 hospitals in California, Georgia and Flo rida would still be operating instead of being bankrupt out of existence because illegals pay nothing via the EMTOLA Act.
Americans wouldn’t suffer thousands of TB and hepatitis cases rampant in our country – brought in by illegals unscreened at our borders.

Our cities would see 20 million less people driving, polluting and grid locking our cities.  It would also put the ‘progressives’ on the horns of a dilemma; illegal aliens and their families cause 11% of our greenhouse gases.

Over one million of Mexico’s poorest citizens now live inside and along our border from Brownsville, Texas, to San Diego, California, in what the New York Times called, ‘colonias’ or new neighborhoods.  Trouble is, those living areas resemble Bombay and Calcutta w here grinding poverty, filth, diseases, drugs, crimes, no sanitation and worse.  They live without sewage, clean water, streets, roads, electricity, or any kind of sanitation.

The New York Times reported them to be America’s new ‘ Third World ‘ inside our own country.  Within 20 years, at their current growth rate, they expect 20 million residents of those colonias.  (I’ve seen them personally in Texas and Arizona; it’s sickening beyond anything you can imagine.)

By enforcing our laws, we could repatriate them back to Mexico.  We should invite 20 million aliens to go home, fix their own countries and/or make a better life in Mexico.  We already invite a million people into our country legally annually, more than all other countries combined.  We cannot and must not allow anarchy at our borders, more anarchy within our borders and growing lawlessness at every level in our nation.
It’s time to stand up for our country, our culture, our civilization and our way of life.  Interesting Statistics!

Here are 14 reasons illegal aliens should vacate America, and I hope they are forwarded over and over again until they are read so many times that the reader gets sick of reading them:
1.  $14 billion to $22 billion dollars are spent each year on welfare to illegal aliens (that’s Billion with a ‘B’)

3.  $7.5 billion dollars are spent each year on Medicaid for illegal aliens.

4.  $12 billion dollars are spent each year on primary and secondary school education for children here illegally and they still cannot speak a word of English

5.  $27 billion dollars are spent each year for education for the American-born children of illegal aliens, known as anchor babies.
6.  $3 Million Dollars ‘PER DAY’ is spent to incarcerate illegal aliens.  That’s $1.2 Billion a year.

7.  28% percent of all federal prison inmates are illegal aliens.

8.  $190 billion dollars are spent each year on illegal aliens for welfare & social services by the American taxpayers.

9.  $200 billion dollars per year in suppressed American wages are caused by the illegal aliens.

10.  The illegal aliens in the United States have a crime rate that’s two and a half times that of white non-illegal aliens.  In particular, their children, are going to make a huge additional crime problem in the US.

11.  During the year 2005, there were 8 to 10 MILLION illegal aliens that crossed our southern border with as many as 19,500 illegal aliens from other terrorist countries.  Over 10,000 of those were middle-eastern terrorists.  Millions of pounds of drugs, cocaine, meth, heroin, crack, guns, and marijuana crossed into the U.S  from the southern border.

12.  The National Policy Institute, estimates that the total cost of mass deportation would be between $206 and $230 billion, or an average cost of between $41 and $46 billion annually over a five year period.
13.  In 2006, illegal aliens sent home $65 BILLION in remittances back to their countries of origin, to their families and friends.
14.  The dark side of illegal immigration: Nearly one million sex crimes are committed by illegal immigrants in the United States!

Total cost a whopping $538.3 BILLION DOLLARS A YEAR!  $46 billion is 8.5% of $538 billion!!!!!

PLEASE CHECK OUT OUR ADS:

1. A great investment for HARD TIMES or Camping- https://readynetwork.com/battista

2. Get your free Gold account: http://www.abundantgoldmine.com

      

 

Here’s Why We Need Small, Spendable Amounts of Gold!

What Is “Affluent Investor”?

The Collapse of Cash

“With interest on deposits at next to nothing, or now slightly negative, the only reason for consumers to keep money in the bank is convenience. The more money you lose, … the more attractive your mattress becomes.”  

WHAT’S BETTER THAN YOUR MATTRESS? SMALL AMOUNTS OF SPENDABLE GOLD! CONTACT US FOR DETAILS AT 928-925-8506 OR JOIN AT  https://tinyurl.com/eaglesofgold

Realities and Revelations

, by Michael Pento

image: http://affluentinvestor.com/wp-content/uploads/2013/09/Money-decline.png

Despite all of the central bank manipulations over the past seven years, it is finally becoming clear economies will not be able to achieve escape velocity. The U.S. central bank has the longest track record of treading down the path of monetary manipulations. And has achieved anemic average annual growth of 2.2% since 2010. Therefore, to further demonstrate the failure of money printing to engender economic growth, the dismal Q1 GDP read of just 0.2 % displays the failure of this policy once again. Wall Street Shills have been quick to once again blame snow in the winter for the Q1 miss. However, it is becoming evident that Q2 will not produce any such anticipated rebound.

Markit’s Flash U.S. Services PMI (Purchaser Managers Index) for April indicated that business activity rose at a slower pace than expected. The April reading came in at 54.2, which was below the consensus of 56.2 and below March’s level of 55.3. Adding to the bad news was the Conference Board’s Consumer Confidence Index that hit 95.2 in April. Economists polled by Reuters expected a reading of 102.5. And, the Richmond Fed Manufacturing Index fell into the minus column for the second month in a row at -3 for the start of Q2.

SCARED YET? END THE FEAR, START TO PUT SAVINGS INTO Small, Spendable Amounts of Gold AT

https://tinyurl.com/eaglesofgold

Things don’t look much better across the globe. The Euro zone Purchasing Managers’ Survey disappointed investors with the German PMI index falling to 54.2, from March’s eight-month high of 55.4. France’s PMI also showed a slower expansion than forecast in the services sector and a worse contraction in manufacturing than predicted. Manufacturing PMI in France decreased to 48.4 in April, from 48.8 in March.

Japanese manufacturing activity contracted in April for the first time in almost a year, as domestic orders and output fell. The Markit’s Japan Manufacturing Purchasing Managers Index (PMI) fell to a seasonally adjusted 49.7 in April, from a final 50.3 in March. The index fell below the 50 threshold that separates contraction from expansion for the first time since May of last year.

We are in our seventh year of record-low interest rates and banks have been flooded with reserves. However, the developed world appears to be debt-disabled. That is, already saturated in debt, therefore unwilling and unable to service new debt due to a lack of real income growth.

So the problem for central banks and governments is how to get the money supply booming in an environment where consumers want to deleverage and save. Zero percent interest rates (ZIRP) are inflationary and negative real interest rates foment asset bubbles and encourage new debt accumulation. For decades central banks have used their control of the price of money to coerce boom cycles that eventually turn to bust. But for the past six years, their foray into ZIRP land hasn’t provided the boom cycle they were expecting. Sure, they have created massive bubbles in bonds and equities– but the economy has yet to enjoy the promised growth that is supposed to trickle down from creating these bubbles. They have set the markets up for a bust, yet the economy never enjoyed the boom.

This has left Keynesians scratching their respective heads and scheming new ways to encourage even more borrowing and spending. The Keynesians who rule the economy now control the price of money but are having difficulty controlling its supply and producing rapid inflation rates.

Bank deposits that pay nothing and ultra-low borrowing costs haven’t proved effective in boosting money supply and velocity growth. The growth rate of M3 has fallen from 9% in 2012, to under 4% today. And monetary velocity has steadily declined since the Great Recession began. Therefore, unfortunately, the next baneful government scheme is to push interest rates much further into negative territory in real terms; and also in nominal terms as well!

You would think this is absolutely absurd but it is already happening. The European Central Bank, has a deposit rate of minus 0.2 percent and the Swiss National Bank, has a deposit rate of minus 0.75 percent, as of May. On April 21st the cost for banks to borrow from each other in euros (the euro interbank offered rate, or Euribor) tipped negative for the first time. And as of April 17th, bonds comprising 31% of the value of the Bloomberg Eurozone Sovereign Bond Index, were trading with negative yields.

Could Negative Interest Rates Arrive In America?

They already have. Beginning on May 1st, JP Morgan Chase has announced they will charge certain customers a “balance sheet utilization fee” of 1% a year on deposits in excess of the money they need for operations. That amounts to a negative interest rate on deposits. Banks formerly competed for your money– now they want to charge you to park it with them.

With interest on deposits at next to nothing, or now slightly negative, the only reason for consumers to keep money in the bank is convenience. The more money you lose, money on your deposits in the form of a “utilization fee,” the more attractive your mattress becomes. But, as long as paper money and your mattress are available, the Fed will not be able to fully implement its negative rate policy in its quest to create inflation. After all, there would be a global run on the banking system if rates were to fall into negative territory by more than just a few percentage points.

So how can central banks and governments ensure rapid money supply growth and velocity if consumers have the option to hoard cash? Some of the “best minds” in Keynesian thought, like Kenneth Rogoff, have a solution to this. They are floating the idea that paper money should be made illegal and the evidence shows governments are listening. If you outlaw hard cash, and make all money digital, there is no limit to how much borrowers can get paid to borrow and how much savers get charged to save. This would make it unprofitable to hoard cash, and compel people to consume and borrow electronic currency as fast as possible. Money in the bank would become the “hot potato”: as soon as it hits your bank account the race would be on to move it to the next person’s account. Whoever gets stuck with the money when the music ends pays a fee; that would be some increase in velocity! And vastly negative real interest rates would force the amount of leverage in the economy to explode.

This idea sounds fairly Orwellian-allowing central banks to control every aspect of monetary exchange and giving the Federal Government an electronic gateway to every financial transaction. But when you think about it, the idea of a fiat currency and the Federal Reserve were radical ideas before they became common place. Indeed, this is exactly why the authors of our constitution tried to ensure gold and silver would have the final and only say in the supply and value of money.

Just as gold once stood in the way of governments’ desire to expand the money supply, physical cash is now deemed as a fetter to the complete control of savings and wealth by the state. History is replete with examples of just how far governments will go to usurp control of people under the guise of the greater good. Sadly, the future will bring the collapse of cash through its illicit status, which will in turn assist in the collapse of the purchasing power of the middle class. Wise investors would take advantage of the opportunity to park their savings in real money (physical gold and silver) while they still have a chance.

Want to protect your family and save yourself? END THE FEAR, START TO PUT SAVINGS INTO Small, Spendable Amounts of Gold AT

https://tinyurl.com/eaglesofgold

Start now!  We can’t afford impractical ounces of gold, but small, spendable grams of gold are within the reach of everyone!

If you haven’t started to save, you must get on a weekly, bi-monthly or monthly savings program.  If you try you can save $60 a month!  We all waste that much every ten days or so! Slow down on the Starbucks coffee.  If you are supposed to win the lottery you only need one ticket, not 10!  Stay out of the local casino! Tell your kids “No!” once in a while!  Save a little money in spendable Karat Bars!  Check it out at

SAVINGS IN Small, Spendable Amounts of Gold AT

https://tinyurl.com/eaglesofgold

PLEASE READ THIS ARTICLE BELOW FOR A FURTHER UNDERSTANDING OF ECONOMICS!

A specter, to paraphrase the opening line of The Communist Manifesto, is haunting America. That specter is the economics profession itself.

Economics has become immersed in arcane modeling. Modeling does not really work well, as even the cognoscenti sotto voce admit. Consider, for example, at the New York Fed’s excellent Liberty Street Economics: Choosing the Right Policy in Real Time (Why That’s Not Easy). This essay concludes, with refreshing integrity and candor:

In the end, we have shown that policy analysis in the very oversimplified world of DSGE [Dynamic Stochastic General Equilibrium] models is a pretty difficult business. Contrary to what it may sometimes appear from listening to talking heads, deciding which policy is best is very rarely a slam dunk.

Dynamic Stochastic General Equilibrium models? Economics has come to resemble more the model-based pseudoscience of astrology more than the observation-based science of astronomy.

As Prof. Reuven Brenner in Asia Times:

Most people are unaware of the fact that rulers perceived astrology for almost a century as “science” – pretty much as some perceive “macro-economics” these days. Monarchs, such as Charles I, as well as the learned and the nobility relied on Councils of Astrological Advisers. Books, presenting complex geometrical calculations linked to positions of stars, legitimized analyses and forecasts.
…
Abruptly, after a century, in part due to Galileo’s telescope destroying the science of political lies and hierarchies built on them, the astrological edifice disappeared in a puff – or so it appeared.
Except that macro-economics is now its modern incarnation: Only instead of stars, macro-economists look at “aggregates” gathered religiously by governments’ statistical agencies – never mind if the country has a dictatorial regime, be it left, right or anything in between, or has large black markets, as Italy and Greece do, where tax evasion has long been the main national sport. So let us first forget about this “macro” stuff, whose beginnings are almost a century old, and offer a simple alternative for shedding light on the situation today and on possible solutions, hopefully demolish this modern pseudo-“science” once and for all.

The most popular book demystifying economics of the 20th century was Henry Hazlitt’s Economics in One Lesson. It sold a million copies.

Now, for the 21st century, comes John Tamny, Political Economy editor at Forbes, editor of RealClearMarkets.com (and a friend) again to muck out the Augean stables. Tamny has published a splendid new book: Popular Economics: What the Rolling Stones, Downton Abbey, and LeBron James Can Teach You About Economics. It reportedly already is going into its second printing. May it, like Hazlitt’s classic, sell a million copies!

If (admittedly a big If) even a single presidential aspirant reads it and takes it to heart Popular Economics could prove a significant factor in restoring what proto-Supply-Sider John F. Kennedy said at the dedication of Greers Ferry Dam: “A rising tide lifts all the boats….”

Big If, yet there’s hope. As I have argued here that great transformations in areas such economic growth policy almost always, in the modern era, have originated in the House of Representatives. I spend a great deal of time inside the Congress and am delighted to report that Tamny’s Popular Economics is written in the terms that Members of Congress speak and think. (Bonus points to Tamny for his many and extensive sports stories, the kind of stuff people actually talk about on Capitol Hill when the cameras are off.)

Tamny loves to be provocative. He’s good at it. He exalts income inequality. He celebrates (organic, rather than government-exacerbated) recessions. Tamny does an especially good job at stripping the bark off the fallacy that career civil servants somehow are smarter or nobler than entrepreneurs and executives in the private sector.

I myself spent several years as a career civil servant in the U.S. Department of Energy. From personal experience I admit to having become not a whit smarter once sworn to uphold the Constitution and issued the laminated badge. Nor were any of my colleagues made of the stuff of Plato’s philosopher-kings. Mere mortals all!

Some of Tamny’s jousts easily could be taken out of context and used, by Progressives and other dirigistes, to satirize his positions. Yet his points, to any fair reader, are clear:

Recessions are the cure for what’s wrong with an economy. They cleanse it of the bad businesses, bad investments, and labor mis-matches that got it in trouble in the first place. When the 1920-1921 recession hit, a wise political class sat back and did nothing, other than lower taxes slightly and slash spending. Unemployment dropped from 11.2 percent in 1921 to 1.7 percent by 1923, and the Roaring ‘20s took off.

Contrast that fast near-10% drop in unemployment with the record of the protracted Great Recession, and soggy recovery in which we are still mired, courtesy of the economic policies of both the George W. Bush and Barack Obama administrations.

Tamny covers a lot of ground in this book, thoroughly covering the Big Four economic policies. Done right these support the achievement of equitable prosperity. Done wrong these mire us in stagnation and income immobility.
Tamny tackles taxes, regulation, trade, and money. He does so by reference to popular culture, making lucid that which, in the hands of less gifted writers, often is dull and dry. (Not for nothing did Carlyle call economics “the dismal science.”)

Here’s an example of how Tamny subtracts the dismal from the science:

Politicians may raise [by taxes] the cost of work for their citizens, but if the cost is too high, those citizens won’t stick around to be fleeced, especially when they’re well-to-do. … [Keith] Richards and the Rolling Stones did just that. (Quoting Richards:)

“The last thing I think the powers that be expected when they hit us with super-tax is that we’d say fine, we’ll leave. We’ll be another one not paying tax to you. They just didn’t factor that in. It made us bigger than ever, and it produced Exile on Main St., which was maybe the best thing we did. They didn’t believe we’d be able to continue as we were if we didn’t live in England. And in all honesty we were very doubtful too. We didn’t know if we would make it, but if we didn’t try, what would we do? Sit in England and they’d give us a penny out of every pound we earned? We had no desire to be closed down. And we upped and went to France.”

Tamny especially impresses with the clarity around the matter of money, to which he devotes five full chapters. For example:

In The Wealth of Nations-the masterpiece that laid the groundwork for the rise of modern capitalism-Adam Smith observed that “the sole use of money is to circulate consumable goods.” That was a throwaway line, for no serious thinker had ever considered money as anything but a measure. Money came into existence because men needed a way to measure the value both of their production and of the consumable goods they sought in exchange for the fruits of their labor. Smith was stating the obvious.

Smith would laugh at all the commentary in the media today about the need for a “strong dollar” or a “weaker dollar to boost exports” or the importance of convincing the Chinese to “boost” the value of the yuan. To Smith, that would be the equivalent of saying “increase the length of the meter” or “shorten the minute” or, because Kim Jong-Un is bothered by his diminutive five-foot-six- inch stature, there is a need to “devalue the foot” so the North Korean dictator can stand ten feet tall. Just as the foot is never long or shot, money should be neither strong nor weak. The foot is a standardized tool to measure actual things, and money should have the same constancy.

Popular Economics has attracted great praise from many of the leading public intellectuals dedicated to economic growth (as well as from no less than George Will). Steve Forbes, in his excellent Foreword, says it best: “By breaking the mold of what modern economics has become and by explaining in an engaging way what economics truly is, Tamny has done humanity an inestimable service.”

Buy Popular Economics.

Be provoked.

Originating at RealClearMarkets.com

Read more at http://affluentinvestor.com/2015/05/economics-so-simple-even-politicians-will-understand/#fB1zZGSIBH2SqvXT.99