Reasons For Moving

The website, Mexico On My Mind, has this post titled Some Good Reasons for Moving to Mexico. Isn't it amazing how much negative information we get in our MSM about the dangers of Mexico? Talk about safety, I read the other day that so far this year 120 people have been killed in Chicago by gunshot and another 490 have3 been shot, but not killed, just in the first three months! And how about this chart, Mexico is growing faster than the U.S.!

Why Mexico?

The interest rates of Italy have jumped big the last few days and today there are reports that banks in Europe dumped $300 billion of Italian debt. Why because total debt as a percent of GDP has soared. There are fears that Italy will be unable to service its debt and thus be bankrupt. Look at this chart at how the US compares to Italy. See anything familiar4?

Then I took a look at Public debt to GDP in the US and Mexico. Are the financials better down south?

BTW, "public debt" is the cumulative total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.

Finally, lets look at total debt of the US and Mexico; GDP of Mexico is $1.567 trillion (or 13.5%) Vs  US $14.660 trillion (100%).

Public debt for either country is not a big problem, but total debt to GDP is for the US. It also means we can be blackmailed!

Mexico looks more attractive!