Re: Anyone home?
in response to
by
posted on
Aug 16, 2010 11:41PM
Creating value through Exploration and Development in the Sierra Madre of Mexico
I have a Google suggestion for you -- "Mexico anarchy." You can then pore over 1.25 million entries whose inclusion would suggest they tend to agree with my interpretation of Mexico's distress.
There are two points of debate here:
1) Credible sources fear for Mexico's ability to maintain central control. I agree. You disagree. We shall see who is proven right in the future.
2) Does that affect mining stock values of companies operating there?
As I stated before, and will restate, Mexico is in a desperate financial situation. It's main oil field production has fallen off the cliff. The major industry of having citizens work in the U.S. and send the money back home is falling off because of heightened immigration concerns here and our slow economy.
It is inarguable that drug cartels are taking control of large portions of the north. Officials are being killed and intimidated. You can look that up. I don't think Brodrick is suggesting the drug dealers are setting up parliaments, but rather the sort of warlord structure often found in areas where central command has broken down.
Your confidence in our ability to intervene militarily and solve any problems flies in the face of recent history. We can't seem to get the job done in Iraq or Afghanistan despite multi-year efforts. And I don't blame our soldiers for that, but rather the ridiculous rules of engagement we are forced to operate under.
No, I haven't served in either middle eastern conflict. But I have a close acquaintance with a JAG officer who has. His job was to compensate the locals if a door was broken down in the pursuit of the bad guys, or other collateral damage was inflicted. He currently is defending some soldiers who have been accused of mistakenly killing civilians, although in a non-uniformed conflict, what exactly is the difference between a combatant and a civilian?
Our administrations -- present and recent past -- seem incapable of taking the reins off and allowing the military to win. That surely would hamper us in trying to track down drug kingpins who I suspect will not be wearing uniforms, either.
Regardless, Mexico is not as hospitable a place as it was a few short years ago and I think that has to factor into evaluations of mining companies attempting to operate there.
As I said earlier, we'll have to agree to disagree. Give it a few years and we should know how the Mexico situation has played out.