How Will Mexican Elections Impact Foreigners and Expats?
ฝัง
- เผยแพร่เมื่อ 22 ก.ค. 2024
- Welcome to another episode of "Almost Retired in Mexico"! If you're a foreigner considering a move to Mexico or just curious about the political landscape and its implications, you won't want to miss this insightful episode.
BTW - if you want to open an investment account with Actinver, please use my affiliate link: visitwebsite.co/Actinver
In this comprehensive discussion, our host Brighton West sits down with Armando Rios Piter, a former senator and presidential candidate, to delve into the recent monumental changes in Mexico's political sphere. The conversation highlights the implications of Mexico's recent major election, which resulted in the historic election of the first female president, Claudia Sheinbaum, and significant shifts in various political offices across the nation.
*Key Topics Covered:*
1. **Historic Re-Election of Senators and Congressmen**: For the first time in Mexico's history, senators and congressmen can now seek re-election for a second term. This significant change opens up discussions about the potential impacts on political stability and policy continuity.
2. **Claudia's Presidential Mandate**: With a background in sustainability and ecology, President Claudia Sheinbaum is expected to steer Mexico towards innovative energy solutions while focusing on critical issues such as safety, violence, and judicial reforms. Learn how her leadership could shape Mexico's future.
3. **Economic Insights**: Discover the latest on Mexico's minimum wage, which could be tied to inflation, with potential discussions slated for 2025. Additionally, we explore the fluctuating exchange rate between the peso and the dollar, offering predictions for future economic shifts under the new administration.
4. **US-Mexico Relations**: Regardless of the outcome of the US presidential elections, the relationship between the US and Mexico remains a focal point. Armando Rios Piter emphasizes the strategic alliance between the two countries, covering key topics like migration, fentanyl, and national security. Brighton West also weighs in on the potential impacts of a Biden or Trump win, including how either administration could affect economic and diplomatic ties.
5. **Foreign Investment and NAFTA**: Mexico continues to attract significant foreign investments, particularly from China and Asia, thanks to its proximity to the US and the trade treaty with Canada and the USA (formerly NAFTA). Learn why Mexico is becoming an increasingly strategic player in the global economic arena.
6. **Fourth Transformation and Social Programs**: Delve into the "fourth transformation" of Mexico, marked by the rise of the left party, Morena. This transformation underscores efforts to implement social programs aimed at tackling poverty and income inequality-a crucial element for the country’s development.
7. **Investment Opportunities**: For those interested in investing in Mexico, Armando recommends Actinver, a bank offering a range of investment options such as bond funds, CDs, and access to the Mexican stock exchange.
8. **Citizen Participation and Democratic Security**: The discussion extends into the security of Mexico's election process and the growing participation of Mexican citizens residing abroad, especially in the United States. Armando underscores the importance of sustaining the integrity of democratic processes and the role of expatriates in shaping the country’s future.
Join us as we explore these vital issues that could impact your life as a foreigner in Mexico. Don’t forget to like, subscribe, and hit the notification bell to stay updated with our latest content. Thank you for watching, and see you in the next episode!
*Watch the full episode now and stay informed about politics, economics, and the vibrant interconnectedness between Mexico and the US!*
#RetiredInMexico #MexicoPolitics #USMexicoRelations #ForeignInvestment #FourthTransformation #ExpatsInMexico #ArmandoRiosPiter #BrightonWest #SustainableEnergy #NAFTA #Economics #DemocraticParticipation
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Wonderful interview!! I loved the questions and the explanations about the elections. I personally was able to witness some positive changes in the social assistance during AMLO's presidency. Many people who were previously forced to either low paying jobs or even begging in the streets are now encouraged through social help to have a better life. For example, several people who I know with quite severe disabilities are now able to receive monetary assistance in addition to their low paying jobs this extra assistance allows them to work more reasonable hours, while improving housing and food... kind of like how in the states people can qualify for Food stamps or rent assistance so they do not become homeless. There are VERY few homeless in Mexico in comparison, but often the home they live in is very substandard. As much as MANY of us chose Mexico to escape politics in the US, unfortunately politics will always have an impact on us regardless. THANK YOU Brighton, for bringing this thoughtful interview to all of us.
Thank you for sharing your experience!
Speaking of Canadian elections, Canada did have a female Prime Minister in 1993-Kim Campbell. Despite being a very distinguished and accomplished politician, she didn’t last long in the job because her party was almost completely obliterated in an election 4 months after she took office.
Interesting - thanks for sharing!
That was quite an interesting interview, Brighton, well done! (Again!)
Thanks Cindy!
I you sure this isn’t Will Ferrell? 😅
Thank you Brighton. I'm moving To Mexico in a month and realize I know so little about the politics. This was helpful.
Glad it was helpful. There's still so much I don't understand! Especially how the local government works - delegados and subdelegados and edijos, oh my!
Congrats on your upcoming move!
@AlmostRetiredinMexico You mean ejido. Why don't you do a video on ejidos? (Really irrelevant to non-Mexicans though.)
Migrants
Thank you for having this guest
We have seen huge positive changes in La Paz under this party. Paved new roads, modernizing public transit. Our Mexican neighbors financially better off. Parks, lighting and reading we are transitioning away from burning fuel for electricity. Guess the bad part is comments that its become expensive. So who knows other than locals. 🤷🏻♂️
I agree with everything except the move from burning fuel. AMLO was a big fan of dirty (AKA cheap) energy. I'm a little worried about one of the constitutional amendments about this. But Claudia is a scientist and gets that we need to move to cleaner energy!
Actually, the Japanese built those roads
@@angelab4652 Japanese? Do you mean Chinese (Belt and Road)?
@@AlmostRetiredinMexico You may not be aware of this, but on the East coast of Mexico there are nuclear power plants that are being updated to a "cleaner" energy model, as well as Wind and A lot more Solar than even in the states. I think as Mexico moves forward with the new president we will see an even greater shift towards renewables. I know in Puebla the Solar Water Heaters are very reasonably priced * we just purchased one for the family we stayed with) So I think this fellow is right about the personality thing because when the Rubber hits the road the US is going to want to do business with Mexico... it only makes sense!
Miguel..who do you think paid for all those improvements??
Mexico is going through a real transformation. Very positive changes are happening.
So many things we buy (as Americans) are made in China; and I wish that more and more of these things were made in Mexico. So close to home. We are more alike than not. Mexico would benefit and that is better than China benefiting.
If you haven't heard, much more will be coming from Mexico... BUT many of the Mexican companies are China owned/backed.... soooo🤔
Good luck starving China, they seem to be ahead of the curve.
(USA companies are also moving more production to Mexico)
Mexico should be the winner regardless😉
There's a huge move of manufacturing from China to Mexico. It's definitely impacting the exchange rate! But so much stuff comes from China that Mexico can't absorb it very quickly. And BTW, Mexico is working on a train route alternative to the Panama canal. So that will impact global shipping too..
@@AlmostRetiredinMexico But Mexico does move SLOW.
Yucatan Train WAY BEHIND schedule...
"MANYANA"🤔😉🤠✌️
Mexico is supposed to be bringing in the Digital currency in 2025... I was really hoping you were going to ask him about that
I need to find someone knowledgable about this so that I can talk about it. I have a feeling it will be delayed.
Very helpful and informative video man!
@@jacobsavage563 thanks Jacob!
Hmm, you don't sound too aware of the WEF.... do you not know what's really going on?
wishful thinking, hopium is a strong drug
This was a fantastic interview. Thank you for sharing.
Glad you enjoyed it!
Migrants
@@isidro2940 yup
I’m happy to see that you’re trying to enlighten the U.S. and Canadian citizens about our historic elections and how they impact the many people wanting to come to Mexico. First let me say that Claudia Sheinbaum was elected in such an overwhelming way because she was a cofounder of Morena and she was the one chosen to represent their party in the presidential race and she promised to continue the 4th Transformation which has as a prime move to make Mexico energy independent. She will also continue to expand and improve the railway system, improving the renewable energy production, making the Canadian and U.S. companies pay their fair share to the government and Mexico instead of the corrupt leaders heading the posts for their gains. I agree that USMCA is a treaty that is positive for all of North America! Also the Transisthmic railway will greatly improve the movement of goods from the Pacific to the Atlantic coasts along with the 10 Industrial parks to be built along this route for added value to the merchandise that will be transported!
GOOD INTERVIEW
Thank you!
It seemed to me that Armando didn’t really twig to the connection between how increasing the Mexican minimum wage results in higher financial requirements for foreigners applying to immigrate to Mexico. In my experience, this is understandably high on ”expats”/immigrants’ radar, and essentially nonexistent on most Mexicans’ radar, apart from those who work in the field. What I find the most hilarious are the expats of a more elitist bent loudly crowing that Mexico is trying to keep the riffraff out by increasing financial requirements, when it’s really the result of a more socially-minded, leftist government improving the plight of the poorest in Mexico through increasing the minimum wage. Claudia has indicated that the minimum wage will continue to be raised in January 2025. The impact on potential immigrants’ qualifying income is in effect an unintended consequence, which will continue unless a decision is made to decouple qualifying income from the minimum wage.
Yeah - I'm guessing the government will change the formula for residency. It's getting so that only very wealthy USers can come. And I don't think that's the intention or necessarily good for the country.
And actually, I found that the minimum wage increase is tied to Trump and the new NAFTA. Trump wanted wages in Mexico to be closer to US wages. Who would have thought Trump did something good for poor Mexicans?
I count that in his short list of accomplishments. That and... well... just that.
@@AlmostRetiredinMexico But really the increase in minimum wage is a direct outcome of MORENA and AMLO’s priority of lifting the poorest segments of society out of dire poverty. Too bad you don’t speak fluent Spanish to understand his speeches. A passion to help the most vulnerable members of society is in AMLO’s DNA.
This is a very informative interview, well done. Happy 200k! You all deserve it, I am planning my retirement now, 3 years will be here in no time. Interesting last point, a Biden(or other) win would be a great jump start w MX, I like that man.
200k ?
Correction!!
If anyone moves to another country you’re an immigrant, not an expat!!
It doesn’t matter what color you’re
So what is an expat then? I agree that immigrant is right, but you suggest expat is wrong. What makes it wrong?
@@AlmostRetiredinMexico BC that terminology is only apply to a certain skin color people
That is not correct. Expat is someone living or working outside their country of citizenship. Skin color has nothing to do with the term.
@@acalderonm so why all the Latin American people working in the US are called immigrants ?
Why can’t they be expats?
@@acalderonm then tell me why is that Americans call all people from other countries working in the US immigrants, not expats?
Thank you, Brighton. That was illuminating. I, too, would like to know how local government works. It’s a mystery.
I'll work on the "how local government works" after I figure out how the CDC's new dog rules work. It might be easier to figure out local politics.
Mexico is having a peaceful, cooperative transition. Though the US government could take a clue, I don't see such a thing, though I can pray for it. I left in 2015. I consider myself "refugee," though I could not produce enough paperwork to prove it.
My wife is a Mexican citizen and she didn’t go to vote. She was afraid and said she had 37 reasons not to vote.
This make no sense, unless you’re hoping no one is doing their research on politics. May work in US but not Mexico.
There is not one reason to not vote.
@@Engnrr I don’t think you have any idea of the mistrust that older Mexican people have for government in general and when politicians get shot and killed it just proves her point.
Was their violence at the polling places? Or anything impacting the voters? Anyone running for political office in Mexico is more brave than me!
Great video
Glad you enjoyed it
It is my understanding that the Mexican cartels are shaking down many Mexican businesses such as gas stations, food vendors, builders, trucking companies and others. What do you know about that?
@@janetpartyka5968 I know it’s happening in certain parts of Mexico. Not in La Paz though.
They call it derecho de piso “right to the floor.”
@@AlmostRetiredinMexico as I understand it, one of the reasons that Sheinbaum wants to reform the judiciary is bc there is so much corruption that when Cartel members are arrested, the judges release them. Those judges are controlled by the corrupted US State Dept. For example, when Sheinbaum said that reform was one of the first things she planned to address, the US state dept offical (not spokesperson) made a public statement questioning her judgment! Hello? US govt (who ever that is) still believes it should have the last word for all of its vassals:( and it does see Mexico as a vassal state. Make no mistake. And when Kamala Harris started some weird convo about immigration issues right after she congratulated her, Sheinbaum reiterated her position of "sovereigny." GOOD. I don't think she's going to let US State dept steamroll her one bit:)
@@AlmostRetiredinMexico Actually the cartels don't really need to shake down the little guy. They work for them in many cases. You know those stores that sell the jewelry and trinkets that the tourists buy ? Some are also "controlled" . Re money laundering ? Not all of them but for sure some of them .
Anyone out there listening that has knowledge about exporting rum from Mexico to the US small distillery looking for information. Thank you
Hmmm... interesting. I'm not sure how that works.
very informative video; while wished you could have asked some tougher questions about safety and violence, especially to this Armando, the former senator from Guerrero, the one of most dangerous states from US travel advisory. and this 2024 elections are the most violent and most bloody one of all Mexican history, many candidates were kidnapped and murdered and especially in Guerrero, then how did this Armando survive his elections before? Did he interact with the cartels and make deals underlyingly? Or what’s his advice if someone has interests visiting Guerrero of today? etc. Thanks 🎉
while, if anyone is not aware of: there are Colima, Guerrero, Michoacán, Sinaloa, Tamaulipas, y Zacatecas are the top 6 most dangerous Mexican states which US Travel Advisory says 「Do Mexican Not To」while other Mexican states are reconsider or travel with increased cautions,
US govt is part and parcel of the Cartel problem. That's why Sheinbaum wants to reform the judiciary:) They are bribed by the US govt.
The guest can't do deep. He wants to live.
@@CassieDavis613 if that simple desire 「to live」is understandable, then how creditable is that when people say 「this election is secure」？ and is there anyone not currently in Mexico is safe to comment on? it would be assumed some extent of the elections were controlled under Narcos, the question is to what extent? is it only 2% of candidates have deals with Narcos, or 20% of candidates are actually corrupted and controlled by Narcos?
USD to MXP holding at about 18. Kinda split the difference from the 16 and the 20.
Yeah - I wish I had exchanged at $18.70, but I got greedy...
Good one, Brighton. I just got to La Paz on the 3rd of July:) I am staying in the a/c w/ my old dog primarily until the heat breaks a bit:) But I am happy to be here and glad to know that someone with Armando's background sees a continued positive relationship between US and Mexico. I love the tenets of the Morena party and if 80% of the voting populace loves AMLO (and apparently they do) then that is amazing bc the US has never had such a cohesion. I am looking forward to Pra. Claudia and I have been following her on social media for a while now. She loves social media:) I found a really good analyst duo called Soberania on UTube. They understand everything about the Morena party. Ben Rhodes is very good too on Latin America in general. Well, Viva Mexico! Glad to be here, finally....
Correction: not Ben Rhodes (he's a politician:) his name is Ben Norton. Excellent analyst.
How is La Paz ?
No hay que buscarle ruido al chicharrón
Canadian elections ? The PM dissolves parliament and calls an election. The parties get out and by TV, Radio, Newspapers and door to door ask for your vote and shortly thereafter we vote in 37 to 51 days. NOT years or months later. We also do NOT have that (my opinion) very flawed electoral college that can elect a person who gets the least votes sometimes. Hope that helps. This video was interesting but for us not earth shattering for we 2 Canadians. Pam is very politically aware if you have any questions on this subject feel free to ask. P n D
The electoral college is the only thing that gives the Republicans a chance to win the presidency. And if you look at Senate, it would be blue if similar rules applied there (every state gets 2 Senators, whether their population is 500,000 or 40,000,000.)
I need to watch a video on how this "incumbent gets to decide when the election is held" system works. It seems very much designed in favor of the incumbent... Pam - a little history?
My English Teacher (retired, wife) , world traveler and campaigner for certain parties. OK I'll have her contact you.@@AlmostRetiredinMexico
@@AlmostRetiredinMexico It's not like it's ever a secret. The party still in power start to issue promises and add a few dollars to the pension funds. Once the giveaways start the other party(s) gets their election signs etc. ready. And in less than 2 months there is an election.
Expats?
More like, You mean U.S. legal and illegal immigrants...
AKA... Gringos😊
Yes, gringos, foreigners, immigrants... and expats. Maybe you can explain why expats is not applicable?
@AlmostRetiredinMexico 🤔 I would guess Mexican born people who don't like the label "Expat" , think it's a "feel good" word... hypocrisy .
Do you ever hear US citizens apply the term "expat" to people coming into the US (legal or not) ?
Just my guess/thoughts😉🤠✌️
@@AlmostRetiredinMexico The word EXPAT is more designer word than anything else, ever since immigrant somehow became a dirty word. I'm Canadian born so too were my parents. But somewhere down the line the families were immigrants. Unless you were here to greet the Vikings You are an immigrant.
@@tonydanzlI agree. I’m totally fine being called an immigrant, I just like to hear folks perspective on why they are so opposed to “expat.”
What's under your hat? 😉
Hair?
@@AlmostRetiredinMexico And the head attached to the hair, lol.
@@cindyk3076 I thought that's where Brighton kept his limes. 😁
Lower your prices in Canada🥵
Prices of what ?
Gioing to comunism litle by litle
Maybe it's better. I do not know. But they likely can spell.
I was really excited to here about Claudia Shienbaum got elected! She has strong ties at Stanford, studied there and connected to the Bay Area where I live and she’s very liberal. She will help the people no doubt! I am hoping to retire in Mexico so this was extra motivation for me. But if Trump gets In again, I need to move now.
oh yes, the liberal cities are doing so well, is that why people are moving out of them?
LEAVE NOW AND DON'T COME BACK!
Armando is not the best politician to speak about Mexico.
Why not?
@@FreeToBe_Meyou need to interview someone who’s currently in government. He used to be a member of a political party that was not the most honest. I seriously question his political integrity!!
@bettyflores497 I don't know much about his past, but he clearly understands how government works and I didn't think he brought politics into the conversation very much.
I think someone currently in government would be more politically motivated. The only thing better would be a political science professor, and I don't know any of those.
“High power guy” I don’t think so. Another politician trying to sound relevant!
I have so many questions, but it gives me more insight. Thanks 😊. I don't think that Binden has a chance...he has declined at an accelerated rate...just saying!
I really hope that the election doesn't come down to Biden vs Trump. One is a liar, the other doesn't know when he's lying.
Hahaha 😅
Voting Kennedy here in Seattle.
Pete is about the smartest politician out there. But being gay would stop so many bigots from voting for him. Hind sight being 20/20 they should have been grooming someone for the role knowing full well Biden would age so quickly in that role. i.e. Look how fast the Obama's appeared to age when he was in. The Orange 1 didn't age too bad but then again he also didn't do anything and he was nuts going in.
Finally, Mexico is headed in the right direction! Let's Go Claudia! 🇲🇽 #VivaMexico #4t
I agree. Morena is probably not focused on helping expats, but IMO, the government should be focused on the people in most need of assistance. And I can fully support that!
Morena is focused on all the people all people will be benefit, poor, rich, expats ext... thats why we all voted for morena is the real democrat
Yes
immigrants
Expats? Or immigrants!
Yes. Both
😂😂😂 He clearly doesn't know anything 😅😅😅
No, he's just Morena..😮
vote kennedy
El habla espanal
Si, pero tambien Rubio. He could be the VP pick (but probably not because he's got brown skin.)
@@AlmostRetiredinMexico Another cray cray. Even his family are against him.
Exspats??? Immigrants
Immigrants - yes. Please tell me why “expats” is incorrect. Thanks!
Your guest were talking but saying nothing
OK
Sad as hell!
What is sad as hell?
It’s great as hell!! 😊
Migrants
Migrants
So funny how People from the United States 😂😂😂 care some much about Mexico politics. When Us is trying to stop Mexicans in the US😅😅😅
Most likely the ones who messed up the USA, and now are spreading bad ideas to other Countries😊
If we are living in Mexico, I think it's good to understand how government works. BTW, most gringos in Mexico will be voting for the party that is in favor of more immigration. Most people from the US who are anti-immigrant live in fear and would never cross into Mexico.
So glad I live in Mexico. I ran around as much as I wanted in past four years, and I love medical freedom where I can go to the homeopathic doc when I want and the acupuncturist when I want.
@@swirlingtheuniverse Congrats on finding the medical care you've been searching for. And at affordable rates!
trump cant win please God
People in US still don't seem to understand that it doesn't matter who wins the Presidency in the US bc we are ruled by an Oligarchy and always have been:) Trump is bombastic but he does what the Oligarchs tell him to do, same as Biden. Nothing really changes except the masses get all worked up thanks to the Oligarchy's media propaganda apparatchik.
That's what they said in 2016 !
😄
I'm retiring in Hermosillo in 5 yrs, can I buy stocks and ETFs with actinver??
You need to open your account in person. I'm not sure if Actinver can open an account if you don't have residency yet (but you don't need to actually live here to get residency.) Some banks will allow tourists to open accounts - but it always has to happen in person at a branch.
It’s not complicated guys:
AMLO and Claudia share same principles and objectives but each has their personal style of governance, that’s it. It’s gonna be the continuation of the 4T (the political project) but with Claudias own governing style. It’s the consolidation of the political project. Trust me, really good things will happen to mexico REGARDLESS of the US government usual attempts of meddling in Mexican internal affairs
The best thing immigrants from Canada and the States can do is research and read in on the 4T and on Claudia’s term objectives (usually consists on 100 points)
Great points. I should do a video on the 4T. I just hope that some of the constitutional amendments don't get passed before Claudia gets in. Some seem like they are going the wrong direction.
Is she in bussiness as she always spend or create money ?lol we all know the answer
maybe Mexico will change from Pesos to shekles
@@blissvillagio8563 or simple dream
Migrants from usa
Yes. And immigrants. And expats.
@@AlmostRetiredinMexico yes migrants are migrants my crist was a migrants nothing to be ashamed of migrants from freelancer urupe wi area all migrants Migrants Migrants Migrants Migrants Migrants Migrants Migrants Migrants Migrants is the
.
Migrants Migrants Migrants Migrants Migrants Migrants Migrants Migrants Migrants Migrants Migrants Migrants
Migrant people fro Mexico 🇲🇽 your sre
Area stick sick ar a bh
I will be happy to get the moment and strong economy in Mexico to don’t sen cheap laborears to USA . Mexico’s richesnest for a Mexican people.