RE:Mexico Min Wage increase on 1Jan by 12%The peso will definitely devalue.All these social programs aren't being paid with tax money,they're being paid with funny money from the non-stop printing press.The official inflation rate is already 12% in Mexico and it's rising quickly.If Mexico continues on this path eventually they're going to have another currency crisis just like they had in 1993.I anticipated this and have been amassing a nice pile of 1 ounce silver libertad coins in the last 3 years.Silver has been an effective hedge against inflation for the last 5,000 years.All the world's fiat currencies are being systematically destroyed.Protect yourself.Things aren't going to get better.Socialism always ends in tears.