Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Politics

Some Thriving in Biden Economy: Migrant Smuggling Cartels Make Billions

by October 2, 2022
October 2, 2022
Some Thriving in Biden Economy: Migrant Smuggling Cartels Make Billions

Americans are suffering in the disastrous Biden economy.

2022 is the worst year for the major markets since 2008 during the Great Recession. Bonds are at a 49-year-low and the stock market fall has left 401ks decimated.

Home sales are plummeting across the country and the average American’s largest asset is melting away.

The average American needs an extra $11,500 annually to keep up with Biden’s inflation.

But there are some who are thriving under Biden’s disastrous leadership.

Migrant smugglers at the porous Southern border are cashing in.  In the last 12 months alone, the cartels that control the migrant smuggling economy have made at least $2.6 billion.

In just one example, in September, Tania Estudillo Hernandez was arrested in Arizona in connection with human smuggling charges.

Documents recovered at the Hernandez home suggest as many as 100 illegals were held or processed in the home each month for at least six months.  It is alleged that the illegals were charged as much as $15,000 in smuggling fees.  Just this one alleged trafficker profited off of 600 illegals paying as much as $9,000,000 in smuggling fees.

The Washington Times reports:

The migrant smuggling economy at the U.S.-Mexico border now tops $20 billion and the cartels have made at least $2.6 billion in profit over the past 12 months just from controlling the routes illegal immigrants use, according to a Washington Times analysis.

Both amounts are up substantially from the Trump and Obama years because more people are coming to the border and because they are paying higher prices.

Mexican migrants are paying an average of $8,600 in total smuggling fees this year, according to The Washington Times’ database of smuggling cases. That’s up roughly $2,000 from 2019, the last pre-pandemic year under the Trump administration. Migrants from El Salvador, Honduras and Guatemala are paying about $11,500 for the trip, up from $9,000 in 2020 and $7,900 in 2019, The Times’ data shows.

The migrant surge that began at the start of the Biden administration is still going strong 20 months later. The numbers paint a grim picture of how the surge has fattened the wallets of the cartels that control the smuggling economy.

One yardstick is the mafia fee, or “piso” — literally, the tax — migrants pay to cartels to use their routes into the U.S. Nearly every migrant pays, and the rate has increased to $1,300 per person. That is up more than 50%, from about $850 in the Trump years.

The Border Patrol nabbed nearly 2.2 million people trying to sneak into the country from Mexico over the past 12 months. Subtracting repeat crossers who may have paid only once for multiple attempts, adding in estimated “gotaways” who avoid capture, and figuring conservatively that 90% of migrants pay the piso means the cartels have made $2.6 billion over the past year on crossing fees alone.

Read the full report here.

The post Some Thriving in Biden Economy: Migrant Smuggling Cartels Make Billions appeared first on The Gateway Pundit.

0
FacebookTwitterGoogle +Pinterest
previous post
WAYNE ROOT: BIDEN IS NOT IN CHARGE. HERE IS EXACTLY WHAT’S HAPPENING.
next post
“No One Wants to Go to War with Russia Other Than Poland and a Few People in Washington D.C.” – Col. Doug MacGregor on Biden Wanting War with Russia (VIDEO)

You may also like

Donald Trump Jr. opposes Bud Light boycott, citing...

April 16, 2023

Bloomberg Reporter Calls Biden Out for Releasing More...

October 18, 2022

Judge restores Trump administration’s buyout offer to federal...

February 13, 2025

17-Year-Old High School Student Dies Suddenly After Suffering...

September 23, 2022

Where Trump’s Cabinet nominees stand in Senate confirmation...

January 30, 2025

Rand Paul’s ‘Festivus Report’ exposes $900B in government...

December 23, 2023

Biden’s FDA Blocks American Company’s Goat Milk-Based Baby...

October 21, 2022

After Dismissing Inflation as “Transitory” – Janet Yellen...

December 12, 2022

Special counsel Jack Smith asks court to halt...

November 14, 2024

MUST WATCH DOCUMENTARY: “Safe and Effective: A Second...

October 5, 2022

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Unmasking Medicaid Money-Laundering Schemes: Medicaid Financing Gimmicks 101

      June 27, 2025
    • Top moments from the Trump-Biden debate that changed the course of the 2024 election

      June 27, 2025
    • Trump exerted ‘maximum pressure’ on Iran and Israel to ‘deliver peace’: Leavitt

      June 27, 2025
    • Iranian foreign minister reiterates ‘serious damage’ to nuclear facilities, despite ayatollah’s comments

      June 27, 2025
    • Maybe Most People Do Not Want Teacher-Led Public School Prayer—But They Do Want Chaplains

      June 27, 2025
    • Flashback: The debate night against Trump that threw Biden’s reelection campaign into a free fall

      June 27, 2025

    Categories

    • Business (8,329)
    • Investing (2,076)
    • Politics (15,829)
    • Stocks (3,173)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved