Woooosh - 8-27-2010 at 09:02 AM
In the latest attempt to clamp down on Narcodollars, Calderon is seeking to limit the use of cash to buy houses, cars, boats, airplanes and jewelry
with sentences of 5-15 years in jail anyone who violates the new rules.
There go my plans to sell my house to a narco for mucho cash and buy a house in Argentina (where they only take US dollars for real estate)... oh
well. lol
http://rosaritoenlanoticia.blogspot.com/2010/08/no-se-podran...
[Edited on 8-27-2010 by Woooosh]
Bajahowodd - 8-27-2010 at 01:35 PM
"Billions of dollars in laundered drug profits pad Mexico's economy in the form of luxury resorts, restaurants, car dealerships, aircraft purchases
and start-up businesses. That penetration of illicit funds in the formal economy makes it harder to crack down on the criminal enterprises, Calderon
said."
-LA Times 8/21/10
Makes me wonder how many cartel resorts I've stayed at over the years. It also seems to explain why construct of such properties has continued in the
face of recession. But, limiting cash transaction to about $7500 usd seems to be a bit draconian. And if this program is successfully implemented,
what does that do to the Mexican economy? wouldn't the cartels just invest elsewhere?
805gregg - 8-27-2010 at 06:14 PM
I stayed at a nice resort in Mazatlan, only a few gringos, and all the Mexicans staying there had way more money than me. Think they were farmers?
surfer jim - 8-27-2010 at 08:45 PM
Farming is good...especially with the right crop.