Posted by Ken Schortgen
July 13, 2014
The only difference between Mexico’s corrupt society and America’s corrupt financial system is the level of saturation in which the corruption has filtered down to. In Mexico, corruption is a way of life for the people, government, and corporate structures, and each generation lives by a vast segregation of the haves and have nots. For America however, their corruption on a wide scale basis it relatively new, and is based on monetary policies which promote artificial economic growth by any means necessary, and through which government and corporate agendas are aligned to facilitate ‘legalized corruption’.
However, at the core of all financial corruption in any sovereign nation is the control of the currency, and especially, control over monetary policy. The axiom that the paternal Rothschild coined four centuries ago carries just as much weight today as it did at the beginning of the age of central banking.
“Give me control of a nation’s money and I care not who makes it’s laws”
But as the entire world meanders through greater and greater boom and bust cycles created by ever increasing debt stimulus and a financial system grounded solely in fiat currencies, what is the key component that could potentially take the least of nations and skyrocket them to greater financial status in an instant?
That key resides in the formation of sound money, or a currency backed by a historic asset known and trusted for thousands of years. And of all the countries vying for supremacy, or even stability at the very same time the global system stands of the precipice of collapse, it may be Mexico that is willing to take the plunge, and catapult themselves symbolically, at least above the dollar and the U.S., by creating a currency backed by silver.
According to Future Money Trends, all that could change in the near future as key Mexican financial leaders and politicians have been working to institute sweeping monetary change that, if implemented, could unleash a global power shift of epic proportions.
“Take just three or four men out of the ‘anti’ group,” says Hugo Salinas Price, a Mexican multi-billionaire and the man behind the monetary push, “and we could practically get a unanimous ‘yes’ vote in both houses.”
Like recent monetary shifts in Russia, China and the middle east that aim to divest themselves of US dollar reserve trade requirements, the news of such a move in Mexico has been downplayed. And though it is being generally ignored as a serious possibility, a powerful consortium of influential people in Mexico believe it is a realistic possibility, and one that could be responsible for shifting the balance of world power. - SHTFPlan.com
Ironically, it is the West that has had a discrimination between gold and silver as a basis for backing a monetary currency. We all know in history the famous Populist fights of the 19th century which led William Jennings Bryan to coin the phrase, “You shall not crucify mankind upon a cross of gold”. But for nations such as Ancient Greece, Rome, and China, silver has been not only a viable form of money, it was the currency of commerce that sustained markets and economic prosperity to a greater number of people than gold ever has.
Mexico does not have the production capacity of the United States when it comes to manufacturing, but it has two crucial markets that could forge the nation into the upper crust of global economics. First, it is in the top 10 in oil production, providing 3.5% of the world’s output and distribution. And with the advent of fracking and other technologies, the potential for even more production lies in its wilderness and vast offshore coastlines. Secondly, Mexico had been an agricultural juggernaut until recently, when government policies advocated that Mexico provide enough food to sustain its own populations rather than focusing on exports and using food as a source of GDP. Yet these policies could turn around at any time, and with Mexico’s diverse land mass, farming could easily become a massive source of income to a world that is quickly becoming over-populated, and desperately in need of imported food.
During the global Great Recession, Mexico has experienced one negative that could be behind the discussion to collateralize their currency with a precious metal. Since 2008, Mexico’s debt to GDP has more than doubled from 17.1% to 36.9% in 2014, and much of this has been specifically tied to falling oil production, and less remittances coming into the country from U.S. migrants (and illegals working within the U.S.). However, during this same time period the Peso has remained relatively stable against the dollar, fluctuating between a low of 11.7 in 2011, to a high of 14.26 two years ago.
In the end, Mexico appears to have bought in the coming sea change that the new economic paradigm resides Eastward, and not in its historic partnerships with the U.S. and South America. Since 2006, trade with China has increased 300%, and Mexico has been rising as an economic power, even surpassing India to compete head to head with the core BRICS nations. And because of this, Mexico is a country highly sought after to be a part of the new Eurasian Trade Zone.
The economic landscape around the world is changing, with current and former financial allies swapping partners as quickly as the wind changes. Global currencies are starting to fail as well, with many of the big 5 (yen, euro, dollar, pound sterling, swiss franc) losing strength due to their diminishing returns over time as a fiat currency. And as many economists know, quite often the first out of the gate can have a distinct advantage over every other horse, despite their size, speed, and pedigree. And if Mexico chooses to seize the day and be the first in decades to back their currency in silver, then very quickly, they will become a major force on the economic landscape and launch themselves as a major player in the coming new financial paradigm.
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