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What Life Is Like For A Million People In Puerto Rico Who Still Don’t Have Power

Authored by Daisy Luther via The Organic Prepper blog, If you ever wondered what it would look like if the grid collapsed here on the mainland, the island of Puerto Rico is a tragic, real-life case study. These stories show us what life is like for more than a million people who STILL don’t have […]


“God Is All I Have” – One Month In, Puerto Ricans Fight For Survival Amid Sluggish Recovery

A day after President Donald Trump gave his administration’s Puerto Rico response a “10 out of 10” during a White House meeting with the island’s Gov. Riccardo Rossello, a handful of media outlets are reporting that, one month after Maria first made landfall in southeastern Puerto Rico, many villages still don’t have access to electricity, […]


The Case For Wiping Out Puerto Rico’s Debt

Authored by Tom Sanzillo via ValueWalk.com, President Trump, who knows a thing or two about bankruptcy, says Puerto Rico’s public debt should be wiped out. We agree. The commonwealth owes bondholders somewhere on the order of $70 billion, with most of that debt tied to general-obligation bonds, revenue bonds and bonds issued by the Puerto […]


“It Will Be A Disaster”: Puerto Rico To Run Out Of Cash On October 31

While Puerto Rico is way beyond a simple solvency crisis, having already filed for bankruptcy earlier this summer – and courtesy of Donald Trump there is now debate whether or not the island’s $74 billion in debt will be forgiven outright – it is now also on the verge of a full-blown liquidity collapse. According […]


Puerto Rico Bonds Crash To Record Low After Trump Says Debt May Need To Be “Wiped Out”

Echoing President Obama's interference in the legal bondholder process of the General Motors bankruptcy, President Trump's comments that Puerto Rico's debt "will be wiped out" yesterday has sparked a bloodbath in PR Muni bonds. Puerto Rico's 8s of 2035 have plunging to a record low 35 cents on the dollar this morning from 44 yesterday, […]


3 Ways To Help Puerto Rico Right Now

Authord by Ryan McMaken via The Mises Institute, There is a lot to learn from the slow and painful post-hurricane recovery that is going on in Puerto Rico right now. One of Puerto Rico's biggest problems is that it is by far, one of poorest areas of the United States. The median household income in […]


Dramatic “Before And After” Photos Show Puerto Rico’s Plunge Into Darkness

It’s been a week since Hurricane Maria made landfall in eastern Puerto Rico, and hundreds of thousands of Puerto Ricans living in remote villages remain cut off from the world, after the storm trashed power grids, tore up roads, downed cell towers and caused a dam in the northwestern part of the island to fail, […]


Trump Will Visit Puerto Rico To “Survey Damage” As Locals Plead For Aid: “We Are Americans Too”

President Trump announced on Tuesday morning that he will travel to Puerto Rico next week to survey damage from Hurricane Maria, however he said that next Tuesday is the earliest he is able to travel to the island due to the damage. Trump said the island is “literally destroyed” but expressed confidence “they’ll be back.” […]


“Basically Destroyed” – Puerto Rico’s Back In The 18th Century

Authored by James Howard Kunstler via Kunstler.com, Welcome to America’s first experiment in the World Made By Hand lifestyle. Where else is it going? Watch closely. Ricardo Ramos, the director of the beleaguered, government-owned Puerto Rico Electric Power Authority, told CNN Thursday that the island’s power infrastructure had been basically “destroyed” and will take months […]


Puerto Rico: No Power, No Phones, And “Unprecedented” Damage

Hurricane Maria has moved on from Puerto Rico and was passing the Turks and Caicos Islands Friday morning as a Category 3 storm. But the devastation it caused will disrupt life on the island for the next six months, possibly longer, as the cash-strapped US territory struggles to rebuild its power grid and other crucial […]


Where There’s [Almost] “Blood In The Streets” In America Today…

Authored by Simon Black via SovereignMan.com, In the spring of 1871 after a miserable defeat in the Franco-Prussian War, Paris plunged into a major crisis as local citizens revolted against the government. Financial markets went berserk as a result, and the prices of French government bonds plummeted. There’s an old story that an heir to […]