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The Expat Files Podcast

#583 – Expat Life in Latin America: Engineers, Culture, and Crisis

Show #583 · August 7, 2016

Johnny Mueller explores the appeal of Latin America for expats, cultural nuances, and economic challenges.

Episode Summary

In this episode of The Expat Files, Johnny Mueller explores the growing trend of engineers and real estate professionals moving to Latin America, citing their practical skills and ability to handle crises. He references an email from Jack Brett, author of Fast Spanish, who highlights the absence of social justice warriors in Latin America compared to the United States. Johnny elaborates on the cultural differences, noting the presence of 'social correctness' in the form of excessive politeness, which is not the same as political correctness. He also touches on the idea that engineers are more likely to survive and rebuild in times of crisis, making them a prime demographic for expat life in the region.

Johnny then discusses the cultural phenomenon of excessive politeness in Latin America, contrasting it with the first world's need for it. He notes that while this politeness is common in public and professional settings, it dissolves in private, where Latin people are more honest with family and friends. He also touches on the political correctness in Latin America, highlighting how people criticize their politicians in private but show deference in public. Additionally, he addresses the gender dynamics in Latin America, noting the dominance of men and the limited educational attainment of women, which affects the region's innovation and patent output.

In this segment, Johnny Mueller discusses the political and social dynamics in Latin America, highlighting the hypocrisy of the region's political landscape. He notes that while there are very few social justice warriors in Latin America due to the lag in social movements, there are a small group of entitled children of the wealthy who have adopted Western social justice rhetoric. These individuals, often from privileged backgrounds, engage in superficial activism while benefiting from the very systems they criticize. Johnny also touches on the economic challenges in Mexico, including the rise of virtual extortion and cyber threats targeting businesses, particularly those involved in logistics and supply chains.

Johnny then shifts focus to the situation of Mexicans living in the U.S., noting that at least 40 million Mexicans reside there, with one out of four being born in Mexico. He argues that these individuals have a plan B in case of a crisis, which involves returning to Mexico, where life is cheaper and more stable. He contrasts this with Americans, who are generally in denial about the state of their country and have fewer people with a plan B. To illustrate his point, Johnny shares a story about a Mexican couple who had 23 children, eight of whom live in the U.S., and who are sending money back to build retirement homes in Mexico. This anecdote underscores the idea that many Mexicans in the U.S. have a plan B, which is to return to Mexico if things go wrong.

Finally, Johnny Mueller discusses the potential risks of living in Mexico, particularly in light of political and economic uncertainties. He highlights the dual purpose of owning property in Mexico for retirement and as a fallback plan in case of deportation. He warns about the potential for a large influx of Mexicans returning to the U.S. if Trump is elected, which could strain resources in Mexico. He also touches on the broader economic issues facing Mexico, including the financial struggles of Pemex, the state-owned oil company, and the country's reliance on tourism, narco activities, and remittances from illegal immigrants. Johnny concludes by expressing a personal preference for the Yucatan but advises caution in the event of economic instability in the U.S.

Topics

Expat life in Latin America, Engineers and real estate professionals as expat demographics, Cultural differences in social correctness between Latin America and the United States, Social justice warriors and their absence in Latin America, Excessive politeness in Latin America, Political correctness and hypocrisy in Latin America, Gender dynamics and educational attainment in Latin America, Innovation and patent output in Latin America, Political hypocrisy in Latin America, Social justice activism among the wealthy, Economic challenges in Mexico, Cyber threats and virtual extortion in Mexico

Chapters

00:00:00 Opening
00:00:42 Engineers and Real Estate Professionals as Expat Demographics
00:02:17 Engineers' Resilience in Times of Crisis
00:03:26 The Absence of Social Justice Warriors in Latin America
00:06:14 The Latin Temper and Honesty in Private
00:08:42 Hypocrisy in Political Correctness
00:09:11 Gender Dynamics and Educational Attainment
00:11:06 Innovation and Patent Output in Latin America
00:11:37 Hypocrisy in Latin America's Political Landscape
00:14:56 Entitled Children of the Wealthy and Their Superficial Activism
00:16:34 Cyber Threats and Virtual Extortion in Mexico
00:17:31 Business Challenges in Mexico
00:18:27 Mexicans in the U.S. and Their Plan B
00:22:36 Mexicans in the U.S. Sending Money Back to Mexico
00:23:01 Owning Property in Mexico as a Retirement Plan and Fallback Option
00:23:21 Potential for Mass Migration from Mexico to the U.S. if Trump is Elected
00:25:28 Pemex's Financial Struggles and the Impact on Mexico's Economy
00:26:43 Mexico's Economy: A Combination of Tourism, Narco Activities, Oil, and Remittances
00:26:55 Johnny's Personal Preference for the Yucatan and Caution in the Face of Economic Instability

Transcript

Automatically transcribed from the original recording; names and wording may contain errors.

[00:00] South of the border, down Mexico way That's where I fell in love when the stars above came up to play and now as I wander Hello there all you expat wannabes I'm Johnny Mueller and you're listening to the expat files living in Latin America The show that tells you just what it's like to live work play and or retire down here in Latin America It's a mix of the good the bad the ugly and the great and it's all right here So let's get started just got an email from our man on the scene the guy who wrote that famous little book called fast spanish Jack Brett very brilliant guy Also a professional engineer and by the way I'd have to say that as far as my expat insider seminars the vast majority of the occupations and people coming down are you guessed it?

[00:49] Engineers of one type or another and why is that well that's because logic prevails with engineers with us to tell about logic Math history probability and repeatability I say us because in a past life I actually was an engineer and I don't mean in a past life in a metaphysical sense I'm talking about how most people have many chapters in their lives and in my earlier chapters I was an actual engineer So the number of engineers at my expat insider seminars topped the list that said what kind of people come in at number two On the seminar list guess who real estate people? Yep, people who've seen the ups and downs and the big blowouts that occurred up in the states They do see the ominous warnings in the train wreck that's coming on ahead In other words, we've got some very smart people coming down to the seminars and they know there's no wishing away

[01:35] What's coming down the pike anyway? It might seem surprising that so many engineers come down to my expat seminars and the fact that I meet a lot of American gringo expat engineers on my own down here and really there's another reason that should surprise you too because when you think about it What types of people are best able to handle big calamities? Who's most likely to be able to fix electrical wiring a computer a car a water heater a stove a transmission line, etc Guess who engineers why because not only do they have the knowledge. They're born tinkerers Definitely the guy you want to be with if you're stuck on a desert island If you're stuck with a business psychology art or drama major, then unfortunately, you're probably gonna die So it should surprise you that engineers are leaving the US in droves

[02:21] Since they're the ones that will suffer the least because they can rebuild after a calamity However, when you think of who's most likely to have a plan B or even a plan C that would be engineers, too However, when there's just so many engineers leaving the states or planning to leave that sends another signal a very ominous signal Meaning even engineers with all their technical and mechanical skills the ones most likely to survive or tough it out in times of crisis It's a fact they'd much rather be in Latin America or any place else But the states when the walls start tumbling down and chaos prevails, but where were we? Oh, yeah That email from Jack Brett author of fast Spanish and I'll paraphrase this a bit He says hey Johnny There's this social justice warrior backlash thing going down in the US right now

[03:07] Then he gives me a link to the newspaper of the UK Independent an article about social justice warriors complaining about articles and picketing on the streets and political correctness and all that Then Jack says Johnny. Have you ever thought to do a show about the near total absence of social justice warriors? ie politically correct crusaders in Latin America I said near absence because there are some exception for example, there are pockets of nonprofit gringo organizations Not to mention all the hundreds of gringo and first-world funded NGOs that stands for non-governmental organization and what they are is basically non-transparent tax write-offs for gringo groups up in the states and what they do is they come down and Agitate the locals and propagandize while giving away freebies together big crowds

[03:57] And as they do that they cultivate a PC mindset in the poor and indigenous people that was never there before not even imagined in their wildest dreams though It is a good marketing plan. I have to admit anyway Johnny diplomat that you are hmm Been called a lot of things but never a diplomat I'm sure you could broach that subject without pissing off too many of the more thin-skinned gringos and gringas in your audience Whilst still capturing the attention of the great masses of gringos and gringas I think mostly guys who are pretty much disgusted to and primarily the targets of this stuff hell Johnny I was sick of all that PC crap back in the 1980s when I first started thinking about getting the hell out of the US I guess I'm always just a little head of the curve Regards Jack Brett. Okay, Jack. I'll take a shot at it

[04:45] I've got no advertisers to answer to or anyone that'll read me the riot act. So here it goes now here in Latin America You can always count on three things first. You've got money on a time. That's a constant boy. Is that an oxymoron? Then there's that famous lag time effect We're always talking about and then there's that ever-present Latin kindness and happiness which happens to have a very strong PC component Now do note that PC or the words politically correct even when translated into Spanish is not part of their vernacular The closest word they have in Spanish is diplomatico, which means being diplomatic now to put a kind of a soft spin on this We'll get to the hard-ass tough stuff later Social correctness in Latin America exists in the form of excessive politeness not to be confused with false politeness

[05:34] You see that in every country everywhere, right? We can almost always tell when someone's being false with us In fact, that's why I could never in a million years work the complaint counter of a customer service desk Nope, there's not enough Prozac in the world for me to take that job Yes, I digress, but I'm not so far off point here Like I said, there's an excessive politeness that exists here in Latin America, and it's not bad The first world could definitely use a dose of it and for lands that exists because they're non-confrontational They just don't want to hurt anyone's feelings. Well, there's nothing wrong with that now I'm really talking about excessive politeness on the job in public and on the street However, when Latin people are at home and with the family the situation can be quite different We've all heard about that quote Latin temper seems that total honesty is reserved for friends family and lovers behind closed doors

[06:22] Now don't get me wrong It's a good thing not to want to hurt anyone's feelings even to pump them up a bit when they're down. Come on I always told my grandma. She looked beautiful and being that she was always the most beautiful 94 year old in the room in that context I told no fibs but concerning Latin America in a purely political sense that is dealing with politics There is no correctness. That is when you're speaking with a person informally In other words when you're at someone's house or at a party or talking to someone over a coffee or a tequila your Latin friends And associates will agree with your assessment of their rotten political system In fact, they're often more aggravated than you are about it. In fact, just the other day I heard a Latin friend of mine say this in Spanish. He shook his head and said I Really hate my government All we ever get is a bunch of pus sucking lazy ass thieves to grace our poop stained halls of Congress now for some reason

[07:15] And I just don't get it. They think the US and the US Congress Well, they're noble Justin squeaky clean for the most part and all other governments should aspire to that And a big reason for that is the fact that if you're down here You'll notice that all the news that filters down from the first world to the Latin TV and media are feeds coming from the usual Suspects ABC NBC CNN etc. So US news is essentially before it even hits the media here, too And as for US political scandals, they almost never make it to the Latin media and why would Latins even care anyway? They're so conditioned to their own daily political scandals. They're numb to it. They think it's normal So when it comes to first world scandals of media down here barely reports it However with Trump in the race Latin first world news reporting has changed drastically never

[08:03] I mean never in my 27 years down here has the Latin media spent so much time blasting a US candidate In fact before Trump the only time Latin media would cover politics in the US at all as if there was an issue Involving immigrants and illegal aliens So now for the very first time at least as long as I've been down here Latins are afraid of a presidential candidate Trump because they think he'll actually do what he says So he gets his shot practically every day in the news and of course, they're slamming him 100% of the time, but where was I? Oh, yeah, we're talking about Latin politicians now Like I said one-on-one and in private Latins will tell you how they hate their pinhead politicians That's when the unending hypocrisy kicks in because you see when the same pissed off Latins Happen to run into one of their local politicians

[08:51] For example at Sears Walmart or Costco get ready for a monumental ass-kissing slobber fest I've seen it many times myself. However, I remember back in the states I saw it a few times there too pretty disgusting anyway Let's talk about Latin political correctness in a gender sense now because Latin America is ruled by men And it's a very macho society women are conditioned to a high level of machoism It's such a way of life that it seems there's not much awareness of it. Sure I see the occasional op-ed piece in the newspaper almost always penned by a wealthy Latin woman who generally Pops back and forth to my jammy to do her shopping and because she speaks English She's aware of the social issues up in the states and she'll write op-ed pieces in Latin newspapers that no one will read

[09:37] Decrying the sad state of machoism in her home country now If you bring that gender equality topic up amongst Latin ladies 95 plus percent of them will shrug their shoulders and say well That's the way it is and the other three or four percent of Latin ladies. They're the ones attending University So they're exposed a little bit anyway to the idea that there's justice and equality Kinda in the first world by the way Did you know that only about four percent of Latin Americans attend? University public or private and only around two percent managed to get a degree as opposed up in the first world where about 40 percent Of Americans anyway have bachelor's degrees Which is why the average bachelor degree up where you live will get you a job behind the counter at Starbucks Oh, and by the way up in the states only 14% of all the bachelor's degrees earned are in the hard sciences

[10:29] That would be biology chemistry math computer science and engineering, etc And these days having a degree like that is one of the few ways Graduate can have a chance at a middle or upper middle-class life By the way in Germany about 30% of all bachelor's degrees are in the hard sciences double that of the US But you probably knew that already. So what about Latin America? Well, would you believe that only about five percent of all the bachelor's degrees are in the hard sciences? No surprise there and no matter how politically incorrect this sounds Latins have yet to produce create or invent much less apply for or receive any patents that have had any particular Effect on the world as we know it at all And if you're watching this on YouTube right now You'll see a chart that shows just that and it's amazing to note that Latin America has well over a half a billion people

[11:18] Slightly less than twice as many as the US but get this for every 240 patents that are filed in the United States There's one patent filed in Latin America. Did you get that one patent filed? But where were we? Oh, yeah talking about political correctness in Latin America in a gender sense So bottom line Latin America is a land of extreme hypocrisy Everyone freely disses the government and those flatulent asses that grace the stanky halls of Congress the public knows Politicians are crooks and are stealing them blind noting that they receive insanely high salaries to do so meanwhile Nearly all grunt workers in the private sector would give their right arm and a case a tequila for a government job

[12:03] So if offered one of those government sack jobs by corrupt uncle Tulio They'd take it in a New York minute or a my jammy Segundo now Jack in his email talks about that social justice warrior phenomena up in the States saying basically he's had enough of it and Thankfully as he points out due to extreme lag time and perhaps indifference it really hasn't caught up to Latin America yet So there are practically no Latin social justice warriors yet But there are always a few entitled children of the rich who spent some time at US universities now They're not the usual gringo wannabes because they've got all the money in the world and they've adopted all the gringo college student bad habits Too like for example rebelling against their parents who are foot in the bill

[12:48] They often dress like modern-day punk rockers or Goths even hippies with plenty of piercings tattoos weird colored hair and the torn jeans And shirts and stuff with all the expensive designer labels made of course by an indigenous labor force They will never acknowledge as equal or even mingle with though They'll give lip service to and even shout out about indigenous rights now remember This is the class of entitled kids that were brought up by indigenous nandies and cleaning ladies and such Oh I know the type all right I see them hanging around Starbucks and university coffee shops sucking down lattes Talking about how capitalism has screwed up the world while they planned that next shopping trip to my jammy Oh and their art sociology drama and psychology majors all of them

[13:35] Oh and while they're dissing capitalism while their bodyguards wait patiently by the Range Rover in the parking lot If quizzed they wouldn't even know a decent definition of capitalism socialism communism or feudalism Which by the way is how many of their family fortunes were made a kind of feudalism nope? They don't have to work just socialize hang out at Starbucks go to cafes and bars and restaurants and at night Pick up some designer drugs and hit the latest greatest discos or pop into a house party or DJ Club and not to worry If you crash daddy's Range Rover he's got two or three of them Oh, and you might want to know there are plenty of designer drugs available They can be had at the usual places DJ house parties the university, etc entrance to the hip clubs five or ten bucks at the door ecstasy and designer drugs also about ten bucks a pop and

[14:27] At those prices about 95% or more the sweaty masses will be excluded Thankfully that 2% of the population is so entitled and lazy They'll never pen a letter to the editor or to any rag whatsoever Concerning the injustices in their society which start by the way in their own kitchens and with their own nannies and cleaning ladies So bottom line those college kids and young adults the elite entitled children of the one or two percent They pay lip service to inequality social injustice, etc But at the same time benefit from it after all their little worlds wouldn't exist if there truly were equality In Latin America, however as Jack pointed out There are first-world NGOs and do-gooders coming down and stirring things up not surprisingly They've found if they organize focus groups and meetings

[15:15] No one will come unless they give out freebies the masses just aren't interested unless there's something in it for them They'd rather go to their job get a paycheck and eat then tote protest signs in front of the presidential palace or in the Central Park Okay, let's change gears a bit. Remember last show when we were talking about Mexico Well, here's a little news out of Mexico You won't find this up in the first world papers It talks about what a terrible place Mexico is to do business on the books the articles entitled Why businesses are leaving Mexico in droves? That's a loose translation. It's in Spanish, you know, according to them business camera a Maricana in Mexico That would be kind of like the business and manufacturers association It starts by saying along with all the other problems facing Mexican businesses come these new threats this time

[16:07] Coming from the internet in the form of virtual extortions robberies and web attacks Focusing mainly on company logistics and supply chains according to this report It says the major difficulty isn't moving our products and materials around Mexico since internet criminals can now find out our logistics Chain that would be where our trucks supplies products and parts are moving throughout Mexico and based on our own internal Questionnaires and polls we found that fully 56% of Mexican businesses polled companies that ship physical parts and supplies are common victims of virtual extortion directed from smartphones cafe internets and other electronic media it says in the last year or so as

[16:53] Never before criminals are attacking our logistics chains and committing text messaging Aggressions and threats against our employees It says now criminals have a new method that instead of actually breaking into our installations and stealing data Regarding deliveries logistics and such they extort that information from our employees Worse yet, it says for larger companies with many employees Sin dicatos that would be the employee unions themselves are involved in the extortions and robberies They do it by calling for a walkout or a strike until their extortion demands are met then the article says of the 330 member businesses who answered that questionnaire 50% of them believe the police and corrupt government authorities are in on it, too

[17:41] Which is why this report says even as the Mexican population grows year over year Unfortunately established companies and businesses are seeing the opposite trend businesses are closing and moving out of the country Instead of looking for ways to expand within Mexico Okay, it's me again now even though this article talks mostly about medium and large-sized companies in Mexico The question again is do you want to live work play and or do business in Mexico? Oh, and here's another thing gringos and expats fail to realize when it comes to Mexico There are at least 40 million Mexicans living in the US right now The fact is one out of four people born in Mexico are now up in the US most of them, of course illegally So then all you gringos and expats living in Mexico might ask yourself

[18:27] When the next big event comes and that really big piece of crap hits the fan and the blades break What do you think those 40 or so million? Mexicans living up in America are gonna do well I'll tell you what they have a plan B and you're not gonna like it They'll move back down to Mexico where life is easy things are cheap and the Sun's always shining Now if you look at the statistics up in the states about 95% Americans No, things are going bad But they have no plan B all that can be said is there in a state of denial and about 10 million Americans They say about 3% or more have a plan B In other words, they're stocking stuff away doing that prepper thing kind of now Unfortunately a lot less than 1% of Americans have set up the best plan B scenario of all that would be leaving the country

[19:15] Probably more like point 1% that would be one out of a thousand US citizens and that might be a vast overestimate Anyway, if you guys think I was living in Mexico Don't think there's not gonna be a huge rush of displaced Mexicanos returning to the homeland You got another thing coming if you doubt it Listen to this a few years back. I was in Mexico and I attended a 50th anniversary party cool Huh an old Mexican couple married 50 years. Don't ask me how I got invited, but I got invited now This was a couple who owned a pretty substantial farm now They weren't rich in any sense didn't have any helicopters or nice cars Just an old pickup truck and arrested tractor or two However, they had probably 50 acres or so and they were doing pretty good growing Milpa That's corn and three holies and a lot of other stuff. Anyway, I went to the reception at their house

[20:02] Maybe 80 to a hundred people there soon enough I ended up sitting right next to the mom the anniversary lady and that's when things got interesting while we were exchanging Pleasantries I found out that she'd had now you're not gonna believe this. I know but I'm gonna tell you anyway 23 kids With the same guy her husband, of course Okay, so we're at this party and you'd think all of her kids would have shown up. Well, not quite Well, you see three had died as infants. So that left 20 right and get this eight Were up in the US they'd all snuck in illegally, of course, and how they know that well I didn't have to ask because looking at that rustic farm family and their resources They could never have met the immigration requirements of the US to get in legally

[20:51] That would be you know having a credit card with at least a $2,000 maximum letter from your employer that you've been working there at least Three years continuously bank statements letters of reference police reports utility bills all the stuff The US requires from a third world foreigner to get a tourist visa Which is why it's been estimated that only one in about 30 Mexicans can meet those requirements legally And that's just for a 90-day tourist visa that's not for permanent or even temporary residency in the US to live for extended periods of time of which only around one in 200 Mexicans qualify. So then how is it that one in four people born in Mexico are now living up in the US? Take a guess Anyway, the 50th anniversary lady told me with great pride that eight of her kids were living up in the States

[21:40] Then she went out of the room came back and proceeded to introduce me to five of them. Wait a minute How could that be if they're up in the States? What are they doing at this party in Mexico? Well, that's because they go back and forth at will I knew that of course and you did too There's a revolving door and when you see those pictures of those poor Mexican Migrants schlepping it across the border getting robbed being taken advantage by coyotes dying of thirst Well, those are the dirt poor Mexicans that have run out of dough However, the ones that have been in the States for a while that are making dough and putting some money away Sending remisses back and such. Well, they've got connections stateside and can cross the borders with ease No midnight crawls through deserts or leaping over barbed wire fences for those with dough They just pay a guy get in a van and next thing you know

[22:26] They're at a Greyhound bus station clone across the border in Mexico and from there It's off to that 50th anniversary party or whatever, but that's not the point not even close Here's the point She told me that seven out of eight of her kids up in the States were sending back remisses monthly to her and her husband They were using those remisses to build themselves their retirement homesteads in the homeland Mexico Of course, she said her kids up in the States were doing what most Mexicans up in the States do It's what we'd call a plan B and for them I guess a plan C plan B for them was sneaking into the States and once accomplished they're onto their plan C Building a nice Mexican middle-class home for retirement purposes However, a place back home also served as a nice insurance plan if things got tough and they got deported

[23:11] Then they'd have a nice place to go back to when they got shipped back home Which in the past really wasn't much of a worry since the border was so easily penetrated But now with Trump in the picture, it's not so certain. So all you gringos and expats living in Mexico Are you prepared for that kind of reverse emigration tens of millions of gringoized Mexicans? Hurrying across the border if Trump gets elected or to escape the big-time crash when it hits I doubt you're thinking about that eventuality, but you should why well the population of Mexico is about 120 million And if there's a rush of let's say 30 or just 20 million Mexicans back to the homeland That means for every five or six people in Mexico right now There'll be another person there another mouth to feed a bigger strain on food and resources more demand on well everything

[23:58] Transportation water fuel utilities. So all you listeners out there living in Mexico. Are you ready for that? Now when the crap hits the fan up north there won't be such a rush at all to other Latin countries like Honduras Nicaragua Salvador Honduras Guatemala Panama Costa Rica and the rest of South America They have nowhere near the same high percentage of family members living up in the States So there's one more unknown and virtually undiscussed problem. You can throw into the mix Another reason why I'm no fan to go into Mexico. Oh, and just one more thing about that 50th anniversary party I said to the lady 50 years married. That's tremendous. What's your secret? Then she laughed and said for one thing we live out in the county and there aren't any cantinas within a couple of kilometers

[24:44] To tempt my husband she laughed when she said that and for the second thing She said you learn to be tolerant and you overlook transgressions and I said like what for instance She said well like the fact that my husband had an affair with my sister and my niece But we're together she says we got past all that and we've had a good 50 years. So does that throw you a bit? Well, it did me and all I could think of was that if there was a gringo lady sitting next to me I don't think that conversation would have ended with a smile But like I said, we're talking about a very macho society down here and you're gonna see and hear stuff like that all the time just a word of warning and now one more thing about Mexico since we've been hot on that subject lately a Report just came out today from Pemex. That's the Mexican state owned oil company

[25:33] It says for the first quarter of 2016 the oil company lost seven billion six hundred ninety three million dollars a big loss But not quite as much as they lost in the same period last year Now you might say big deal that all the big oil companies are taking huge hits since oil dropped below 50 bucks a barrel well, the fact is Pemex logged in its 15th straight quarterly loss the biggest continuous run of red ink for any oil company in the world besides PdV that's petroleum de Venezuela the rotten to the core state owned Venezuelan oil company Now a related report states that government owned oil companies like PdV and Pemex have typically two to three times as many employees as

[26:20] Equivalent private sector oil companies. Hmm. How'd that happen? It's unheard of you know that a company can run 15 straight quarters of multi-billion dollar losses The only way that can happen is if the government runs it with the difference made up by taxpayers Of course now some time ago an old-time expat gringo explained Mexico's economy to me He said it's one quarter narco one quarter tourism A quarter is Pemex oil and gas and one quarter remisses coming from illegals up in the US So do you still think Mexico is the place to be? Well, I do still like the Yucatan an awful lot However, when the poop hits the fan up north and the blades break, I wouldn't want to be there Okay, we're getting towards the end now time to remind you that I'm having another expat insider seminar in January 2017

[27:10] So if you want to get on the early bird discount list, just send me an email I'm sure this one's gonna be sold out in a hurry and don't forget to hit www the new expat comm for master expat blogger John Galt And of course do check out my youtube channel if you want to see Latin America the way I see it Do check it out and don't forget to subscribe. It's free South of the border You've been listening to the expat files living in Latin America coming to you twice a week from somewhere south of the border Email me the expat files at gmail.com And if you want me to help you sort out your own Latin American plans schedule a one-on-one Consult with me just send an email and let me know at the expat files at gmail.com. No spamos

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