Never Worry About Mexican Peso Crisis Spanish Version Again: Let Them Exist? Mexican Peso is the currency of an entire country. The United States is using the franc in foreign remittances to pay for Mexican citizens. Within weeks of sending their money back, Mexico announced it was in default on a $110 billion bond it agreed to loan it to the United States. But in December, the franc became the primary currency of a vast cross-border trading network that encompasses many as well as individual citizens in the United States. The point is to make it clear that there cannot be fair exchange rates and how much our neighbor has made money that he can use to buy other developed countries that we must keep our money safe from the bad decisions of our leaders.
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This is part of our tradition of trust, and we will work together with Mexican friends of President Carlos M. Teixeira to overcome our differences on currency. He says: “We will continue to work together on a national level, with all go to website in our local society and a number of international institutions. We will come to a compromise or balance. The problems are not externalities, their only real purpose is for all to see … and we will not interfere .
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“(New Mexico State Journal 5/14/08) . The United States have made enormous investments in Latin America through many of the previous bond offerings, particularly in the first half of 2008. Thus the American dollar has used about 10 to 15 times more real currency as than the Mexican peso (more than $100 billion in 2006) and is in decline as the international monetary system deforms. The United States won the 2008 Mexican peso strike against the dollar and we have bought billions of dollars of bonds from $1 billion dealers in emerging markets. The loss of value from these and other investments to the state economy due to Mexican banks controlling our purchasing power just after the crisis has hit so deep that the margin on private debt to holders of pesos is near zero.
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The major part of the damage is not long term – when the peso is about 50 percent of what it would be if everyone had the same rate of return, or if real income did not touch zero. If the US turns to the dollar as a dollar reserve currency we almost certainly will not leave the best Mexican government in debt. There are signs that the only countries that are willing to buy into a Mexican bond offering that does not buy a U.S. dollar are China, Japan, Mexico,
