Puerto Rico's debt debacle could soon get a lot worse. The island's government must pay about $1 billion to its creditors on January 4 to avoid defaulting for the second time since August.
Even if it pays on time, Puerto Rico will still be saddled with a ton of debt, roughly $73 billion in total, according to Moody's.
http://money.cnn.com/2015/12/28/news/ec ... nt-default
Pureto Rico Defaults - Who is next?
Moderator: Super Moderators
Pureto Rico Defaults - Who is next?
"I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." - Thomas Jefferson
Re: Pureto Rico Defaults - Who is next?
No doubt Uncle Sugar will bail them out with money borrowed from China.
Re: Pureto Rico Defaults - Who is next?
IN DEBT? NEED MONEY? NO PROBLEM!
Addressing national defaults will be a lot easier all thanks to the new and improved 'redistribution of wealth' mechanism devised by concerned leaders around the world: Saving the planet isn't just about global warming, it's about international solvency.
Don't you worry, never fear
The WORLD CLIMATE BANK will soon be here.
Addressing national defaults will be a lot easier all thanks to the new and improved 'redistribution of wealth' mechanism devised by concerned leaders around the world: Saving the planet isn't just about global warming, it's about international solvency.
Don't you worry, never fear
The WORLD CLIMATE BANK will soon be here.
A mind should not be so open that the brains fall out; however, it should not be so closed that whatever gray matter which does reside may not be reached. ART BELL
Everything Woke turns to
-Donald Trump 
Everything Woke turns to