“The Mexican government audit office has reprimanded the Bank of Mexico for failing to verify its supposed purchase of $4.5 billion of gold vaulted at the Bank of England. The audit office confirms a complaint last year that the Bank of Mexico had purchased only ‘paper gold’ at the Bank of England and had no idea of the number of bars it had supposedly purchased, nor of the purity of the bars. The audit office has recommended that the Bank of Mexico ‘make a physical inspection with the counterparty that has the gold under its custody, in order to be able to verify and validate its physical wholeness and the compliance with the terms and conditions of dealing with this asset.'”
Tag Archives: Mexico
Why Is Mexico Asking The U.S. Government For A Registry Of U.S. Gun Owners?
“Mexican lawmakers will ask the U.S. Senate to create a registry of all commercialized firearms in border states, which includes California, Arizona, New Mexico, and Texas. Mexico says it will make it easier to trace guns used in violent attacks. The measure was reportedly approved on January 9 by Mexico’s Permanent Commission, a government entity that meets when Mexico’s Senate and the Chamber of Deputies is in recess. Gun owners in Arizona are calling the proposal ‘foolish’ and an ‘invasion of privacy.’ A number of the gun owners interviewed also referenced the Obama administration’s disastrous gun-running operation known as ‘Fast and Furious.'”
U.S. Stepped In To Halt Mexican General’s Rise
“That back-channel communication provides a rare glimpse into the United States government’s deep involvement in Mexican security affairs. The American role in a Mexican cabinet pick also highlights the tensions and mistrust between the governments despite proclamations of cooperation and friendship. In the end, General García Ochoa did not get the job. Instead, it went to Gen. Salvador Cienfuegos Zepeda, who Mexican officials said had become close with Mr. Peña Nieto when he served as governor of the state of Mexico and General Cienfuegos commanded the area’s military base.”
Mexican Militias Fight Back Against Drug Lords, Accomplish What Authorities Could Not
“Outraged at relentless extortion, kidnapping and theft as a wave of drug-related violence washes over Mexico, farmers, shopkeepers and other residents in the mountainous southern state of Guerrero are taking the law into their own hands as ‘community police.’
‘We have to fight for everyone’s good so we decided to try to clear away all the bad people. We have to get rid of these animals because they are committing extortion in the community, the whole town and the people are fed up.'”
Mexico to create new national police force to fight drug cartels
“Mexican President Enrique Pena Nieto announced the creation of a national police force to crack down on crime and battle the country’s powerful drug cartels. The force — a gendarmerie based on the model of Spain’s Guardia Civil — would be 10,000 strong. Currently Mexico has a patchwork of city and state police, along with some national police. Pena Nieto also said he was allocating $8.8 billion for social programs aimed at preventing crime. Pena Nieto, 46, is a member of the Institutional Revolutionary Party (PRI), the party that ran Mexico for 71 years ending in 2000.”
http://www.rawstory.com/rs/2012/12/18/mexico-to-create-new-police-force-to-fight-drug-cartels/
Mexico’s Zetas drug cartel strikes gold in the coal business
“Mexican druglords have found an earthy new source of wealth: dirty old coal. They are mining it themselves in a coal-rich area along the US border or buying it from small mine operators, then reselling it to a state-owned company at fabulous margins that can see them make a profit 30 times greater than their initial investment. Reforma newspaper says the Zetas produce or buy 10,000 tonnes of coal a week. Selling it at their inflated prices, that means yearly revenue of $22 million to $25 million.”
http://www.rawstory.com/rs/2012/11/17/mexicos-zetas-drug-cartel-strikes-gold-in-the-coal-business/
Rooftop gardens growing in popularity in notoriously smoggy Mexico City
“A green revolution is sweeping across the car and concrete jungle of Mexico City, an infamously smoggy capital that was once dubbed ‘Makesicko City’ by novelist Carlos Fuentes. Residents are growing vegetables on rooftops, planting trees where buildings once stood, hopping on bicycles and riding in electric taxis, defying the urban landscape in this metropolis of 20 million people and four million cars. ‘This is our vote for the environment,’ said Elias Cattan, a 33-year-old bespectacled architect pointing to the lettuce, onions and chilies growing in a planting table and inside used tires on the balcony of his rooftop office.”
Mexico says marijuana legalization in U.S. could change anti-drug strategies
“President-elect Enrique Peña Nieto and his team are scrambling to reformulate their anti-drug strategies in light of what one senior aide called ‘a game-changing’ referendum in the United States. Mexico spends billions of dollars each year confronting violent trafficking organizations that threaten the very security of the country but whose main market is the United States, the largest consumer of drugs in the world. With the Washington’s urging and support, Mexican soldiers roam the mountains burning clandestine plantations filled with marijuana on its way to the United States.”
Pentagon wants bin Laden-style SEAL raid on Mexican drug kingpin
“The plan, described as a bin Laden-style raid orchestrated by Navy SEALS, is not confirmed by any official sources who spoke on the record and would violate the Mexican Constitution’s prohibition on foreign soldiers operating in the country. Still, reporters Jorge Carrasco and J. Araizaga Jesus Esquivel insist that outgoing President Felipe Calderón has approved the plan ‘in principle.'” [NDAA not necessary for this hit…]
Mexican drug war claims innocent victims
“According to the Department of Homeland Security, 4,400 Mexican nationals have applied for US asylum in 2012. That number already exceeds the 4,000 requests filed in 2011, and is more than three times the 1,200 made in 2005, before the drug war began. These people represent a fraction of the displaced, of course. And only a fraction of them will see their requests granted. Over the past six years, only 11% of asylum cases from Mexican nationals were granted.”
http://www.rawstory.com/rs/2012/08/13/mexican-drug-war-claims-innocent-victims/