The Trump Presidency

[sonofdaxjones]

man, dax is tapping out right and left 

So angry

Sad

[MakeItRain]

I figured I'd get some libtarded support (not cns or lib7, they are too gd stupid to process anything not deliberately explained to their face) for criticizing the "pay day loan / money store" industry for being the predatory sacks they are. But #nevertrump  is a powerful and irrational state of being.

I don't know much about western union and I had no idea it was for "poor people."

Where was the last place you saw a western union, speedy cash or similar establishment?

Hyvee

[SdK]

Fsd doesn't even use the people that help him start his business

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Fsd doesn't even use the people that help him start his business

I've invested in one of these places before, and know how much money they make on foreign wire transfers, and am well aware of their clientele. Upon reflection, I found the investment morally objectionable and sold my interest (at a tremendous profit :ksugrad:).

[ben ji]

Fsd doesn't even use the people that help him start his business

I've invested in one of these places before, and know how much money they make on foreign wire transfers, and am well aware of their clientele. Upon reflection, I found the investment morally objectionable and sold my interest (at a tremendous profit :ksugrad:).

Was FSD part of the payday loan ring in KC that got busted by the feds?!?

[Dugout DickStone]

Fsd doesn't even use the people that help him start his business

I've invested in one of these places before, and know how much money they make on foreign wire transfers, and am well aware of their clientele. Upon reflection, I found the investment morally objectionable and sold my interest (at a tremendous profit :ksugrad:).

Was FSD part of the payday loan ring in KC that got busted by the feds?!?

Those guys were rich

[ben ji]

Fsd doesn't even use the people that help him start his business

I've invested in one of these places before, and know how much money they make on foreign wire transfers, and am well aware of their clientele. Upon reflection, I found the investment morally objectionable and sold my interest (at a tremendous profit :ksugrad:).

Was FSD part of the payday loan ring in KC that got busted by the feds?!?

Those guys were rich

Def not middle class

[star seed 7]

"investment" means he was the assistant to the regional manager

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

Missouri had a c&d on opening new "stores" for a while, and kansas passed some pretty marginal statutes regulating us. We definitely didn't get shut down and we definitely made rather obscene profits (like 60-80% roi p/yr). That's as much info as you goofs get. Remember, sys lived in mexico for a few years, so he's the expert.

[sys]

payday loans is a different business than money transferring, fsd.  and the cost to send money to mexico isn't a secret.

http://remittanceprices.worldbank.org/en/corridor/United-States/Mexico


i'm not sure when you are claiming to have been involved in the agent-based money transfer industry, but if it's not complete bullshit and you still have any interest in it, you should be aware than it's a brutally competitive industry that is losing customers to online transfers at something like 2% per year and has to annually lower prices (not sure of the rate, very sure of the direction) to keep from losing customers even more rapidly.

[sonofdaxjones]

payday loans is a different business than money transferring, fsd.  and the cost to send money to mexico isn't a secret.

http://remittanceprices.worldbank.org/en/corridor/United-States/Mexico


i'm not sure when you are claiming to have been involved in the agent-based money transfer industry, but if it's not complete bullshit and you still have any interest in it, you should be aware than it's a brutally competitive industry that is losing customers to online transfers at something like 2% per year and has to annually lower prices (not sure of the rate, very sure of the direction) to keep from losing customers even more rapidly.

2% annual customer loss rate, what is the total number of annual customers, MexiSys

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

payday loans is a different business than money transferring, fsd.  and the cost to send money to mexico isn't a secret.

http://remittanceprices.worldbank.org/en/corridor/United-States/Mexico


i'm not sure when you are claiming to have been involved in the agent-based money transfer industry, but if it's not complete bullshit and you still have any interest in it, you should be aware than it's a brutally competitive industry that is losing customers to online transfers at something like 2% per year and has to annually lower prices (not sure of the rate, very sure of the direction) to keep from losing customers even more rapidly.

None of what you posted is even remotely out of line with what I've been saying. Obviously if you gave a bank acoount transferring money costs less. Our clientele didn't have bank accounts for obvious reasons. 

We charged $20 or $30 to wire money out of the country (when banks were charging $30-50), I'd bet that's still what the company charges--maybe $15 idk. In any event, a 10% tax would have zero effect on our clientele because, as you noted, they have no other options. That was my point all along.

[sys]

None of what you posted is even remotely out of line with what I've been saying. Obviously if you gave a bank acoount transferring money costs less. Our clientele didn't have bank accounts for obvious reasons. 

We charged $20 or $30 to wire money out of the country (when banks were charging $30-50), I'd bet that's still what the company charges--maybe $15 idk. In any event, a 10% tax would have zero effect on our clientele because, as you noted, they have no other options. That was my point all along.

i'm not trying to call you a liar.  i'm telling you that your clientele are not representative of the populace sending remittances as a whole.


it's not hard for an illegal immigrant to get a bank account, btw.

[Trim]

What was the combofanning thread in which unrelated things were ranked?

[sys]

2% annual customer loss rate, what is the total number of annual customers, MexiSys

not a loss, exactly.  2% converting from a higher margin channel to a lower margin channel.  2% may not sound like a lot, but take a look at valuations for companies growing at 2% vs those shrinking at 2% and tell me it doesn't matter.  in the short-term, the fact that they've had to lower prices to avoid losing share more rapidly is more significant.  the cigarette industry loses customers at about 2% per year too, but they're raising prices at somewhere in the high single digits at the same time.  huge difference.

[Fake Sugar Dick (WARNING, NOT THE REAL SUGAR DICK!)]

None of what you posted is even remotely out of line with what I've been saying. Obviously if you gave a bank acoount transferring money costs less. Our clientele didn't have bank accounts for obvious reasons. 

We charged $20 or $30 to wire money out of the country (when banks were charging $30-50), I'd bet that's still what the company charges--maybe $15 idk. In any event, a 10% tax would have zero effect on our clientele because, as you noted, they have no other options. That was my point all along.

i'm not trying to call you a liar.  i'm telling you that your clientele are not representative of the populace sending remittances as a whole.


it's not hard for an illegal immigrant to get a bank account, btw.

Luckily for the business, illegal alien population growth continues to exceed 2% per year.

[sys]

not from mexico it doesn't.

[sonofdaxjones]

not from mexico it doesn't.

MexiSys can you post some statistics as to the known national origin of illegal aliens.  Is there like an illegal alien demographic check in station or a survey website? 

[ChiComCat]

lol @ the Trump admin knowing enough about the cyber to regulate money being sent to Mexico

[john "teach me how to" dougie]

lol @ the Trump admin knowing enough about the cyber to regulate money being sent to Mexico

Trump admin doesn't need to know about it. The SEC, IRS, Treasury dept, etc. know everything they need to know.

[sonofdaxjones]

lol @ the Trump admin knowing enough about the cyber to regulate money being sent to Mexico

Oh I agree, when you run multinational corporations your still delivering cash and other liquid assets on stage coach with a dude riding shotgun.

[sys]

MexiSys can you post some statistics as to the known national origin of illegal aliens.  Is there like an illegal alien demographic check in station or a survey website?

http://www.pewhispanic.org/2015/11/19/more-mexicans-leaving-than-coming-to-the-u-s/


the strengthening of the dollar may reverse this trend.  it will be interesting to see 2017 data.

[sonofdaxjones]

MexiSys can you post some statistics as to the known national origin of illegal aliens.  Is there like an illegal alien demographic check in station or a survey website?

http://www.pewhispanic.org/2015/11/19/more-mexicans-leaving-than-coming-to-the-u-s/


the strengthening of the dollar may reverse this trend.  it will be interesting to see 2017 data.

Given the onslaught of attempts to cross the border, that article is dated.

[yoga-like_abana]

has any president elect ever come in with so much heat?

[sys]

Given the onslaught of attempts to cross the border, that article is dated.

the onslaught appears to only be an onslaught in relation to 2015, a recent lowpoint.  there also does not appear to be evidence of an upsurge among mexicans in 2016.


https://www.cbp.gov/newsroom/stats/southwest-border-unaccompanied-children/fy-2016