PUERTO RICO - An economic & political nighmare, CREATED by the very swampy US CONGRESS, and the debt-psycho Rothschild Bankers
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comments and news from net, Posted in Politics / World
PETER SCHIFF -- Shocking analysis and commentary... Junk Bond sellers gutted the country:
https://www.youtube.com/watch?v=zgC-2QEFOgg
https://en.wikipedia.org/wiki/Merchant_Marine_Act_of_1920
http://www.blacklistednews.com/Who_Are_The_Biggest_Losers_From_The_Puerto_Rico_Bankruptcy/58258/0/38/38/Y/M.html
MIKE PAPANTONIO -- DC/NYC evils were visited upon island of PR - How Wall Street Bankers Committed Massive Fraud in Puerto Rico (shafted the island) -and Stayed out of Jail
https://www.youtube.com/watch?v=9eQcIiUEs0c
Puerto Rico declares bankruptcy. Here's how it's going to unfold:
https://www.usatoday.com/story/money/2017/05/03/puerto-rico-bankruptcy/101243686/
http://www.blacklistednews.com/Puerto_Rico_Files_For_Bankruptcy_Protection_In_Largest_Ever_US_Municipal_Debt_Restructuring/58228/0/38/38/Y/M.html
The Fall of Puerto Rico... Prepare Yourself Accordingly -- STEFAN MOLYNEUX --
https://www.youtube.com/watch?v=k4iuD7xQDxE
Puerto Rico's problems have been bubbling up for some time now, so this comes as no huge surprise for the markets.
According to Bank of America economist Ethan S. Harris:
"While certain individual investors will find themselves exposed to losses as Puerto Rico restructures, we do not see this as a systemic risk event, nor as a bellwether of potential crises elsewhere in the USA municipal debt market."
REALLY?