Mexico is near economic collapse. Their most valuable export, oil, is in serious decline. Exports are down big. This is the money the government uses to keep the peace. Now that money is rapidly declining.
Mexico's oil production fell 6.4 percent in the first two months of the year compared to the same period in 2007, while exports fell by more than twice that much, the state-owned oil company reported Monday.
Mexican oil production is a concern for U.S. | theadvertiser.com | The Advertiser
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"There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises
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