After Cinco de Mayo comes…

Cinco de Mayo is followed by the 16th of June-o, a lesser celebrated holiday. It commemorates when Mexican President Benito Ju├írez wouldn’t/couldn’t make the interest payments on their national debt. That angered Mexico’s major creditors Spain, France and the United Kingdom; France took this “all the way” and placed provisional (French) President General Almomte inside Mexico City on June 16, 1863. American pressure later helped remove French-elected King Maximillian from the Mexican “throne”. Cinco de Mayo is celebrated as a Mexican victory, but that battle just slowed the French down a little.

p.s. China holds the largest foreign portion of America’s $12,000,000,000,000 debt. Last year China began to reconsider whether to loan any more money to the US, and who would blame them? We’re not looking like a good credit risk nowadays.

“The borrower is slave to the lender.” Proverbs 22:7