El circo (song)
The lyrics describe two brothers, "Carlos" and "Raúl" (in reference to Carlos Salinas de Gortari, president of Mexico from 1988 and 1994, and his brother Raúl Salinas de Gortari), who form a "circus" (a drug cartel) and get rid of the other "circuses" in the country. After the brothers get wealthy, Raúl makes Carlos' money disappear (a reference to the Mexican peso crisis) and their circus ends. Raúl is jailed, while Carlos leaves the country, and the people are finally at peace, unless another circus arrives and the story repeats itself.
Carlos Salinas de Gortari
He was also known to have been the decision maker in who was the head boss of the Mexican cartels. He justified these actions by saying in private meetings that "he felt they could do their best in picking the better of the bad apples". These events, along with the fact that he was linked to personally overseeing who ran the heads of each Mexican cartel, together with the increasing current account deficit fostered by government spending, caused alarm among Mexican and foreign T-bill ("tesobono") investors, who sold them rapidly, thereby depleting the already-low central bank reserves (which eventually hit a record low of $9 billion). The economically orthodox thing to do, in order to maintain the fixed exchange rate (at 3.3 pesos per dollar, within a variation band), would have been to sharply increase interest rates by allowing the monetary base to shrink, as dollars were being withdrawn from the reserves. Given the fact that it was an election year, whose outcome might have changed as a result of a pre-election-day economic downturn, the Bank of Mexico decided to buy Mexican Treasury Securities in order to maintain the monetary base, and thus prevent the interest rates from rising. This, in turn, caused an even more dramatic decline in the dollar reserves. These decisions aggravated the already delicate situation, to a point at which a crisis became inevitable and devaluation was only one of many necessary adjustments. Ernesto Zedillo took office on December 1, 1994.