This isn't getting enough attention in the New MSM (that would be you and other online personalities like you, to include Thom Hartmann, The Young Turks, etc). I won't even except the traditional MSM, poisoned by corporate funding, to cover this.
We Americans shouldn't allow Wall Street hedge fund managers to turn Puerto Rico into the Greece of the western hemisphere. Austerity is part of a economic model that doesn't work. When imposed on a populations by financial institutions which manipulated bad debt into a cash cow and now seeks to punish an entire population for falling victim to their confidence games. This is exactly what happened in Greece. It is the modus operendi of the banksters.
Imposing austerity on the people of Greece or Puerto Rico is an economic war crime. It is the outcome of economic warfare waged against entire nations not by presidents and diplomats of another country but by executive of private financial institutions and salesmen from private industry, backed by the police power of the state and legislation introduced and passed by crooked politicians who were bribed given generous campaign contributions by the corporate executives and their lobbyists.
We need to restore democracy and write laws that protect people from this kind of racketeering. The debt is odious and should not have to be repaid. For the lenders, they shouldn't have to worry about all those unrealized expect profits to which they think they have a right. As a hedge against a crooked corporate executive losing his house, or a half dozen of them, We the People shall direct our government to provide housing for him in secure surroundings with electrified fences, bars on the windows and armed guards in watchtowers to keep angry mobs from coming in and lynching him.
This is a big K/R for you.
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