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Shocking Video Shows What Everyday Life Is Like In Puerto Rico Now

Authored by Daisy Luther via The Organic Prepper blog, In Puerto Rico, everything has changed since Hurricane Maria struck nearly 3 months ago. Many people have no running water. And if they do, it can’t be consumed without boiling. There’s no electricity in many regions. Supplies are scarce. I’ve written about the SHTF aftermath in […]


Puerto Rico Bond Prices Plunge Below Venezuela’s On Moratorium Fears

Which is worse – from a bond market perspective – Socialist utopia Venezuela or debt-bloated Puerto Rico? Of course, comparing price is not a fair comparison in bond land… Nevertheless, the collapse in Puerto Rico bond prices – to new record lows – comes as Bloomberg reports Puerto Rico is considering suspending debt-service payments for […]


FBI Is Probing Puerto Rico’s $300 Million Power Contract With Whitefish Energy

Just a day after Puerto Rico's cash-strapped power authority on Sunday canceled its controversial $300 million contract with Whitefish Energy, a small Montana company tasked with rebuilding the island's power grid after it was completely destroyed by Hurricanes Maria and Irma, the WSJ is reporting that the FBI is looking into the circumstances surrounding the […]


“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, […]


“It’s A Mad Max Situation” – Puerto Rico Doctors Practice Medicine In ‘Post-Apocalyptic’ Conditions

Authored by Mac Slavo via SHTFplan.com, Nearly four weeks after Hurricane Maria devastated the island of Puerto Rico, doctors are experiencing “post-apocalyptic” conditions. The reality doctors in Puerto Rico are facing is similar to that from a dystopian novel. Doctors are conducting surgical procedures in sweltering 95-degree heat, experience malfunctioning X-ray machines, and have seen medications […]


Puerto Rican Mayors Investigated For Hoarding Supplies For “Constituents Who Voted For Them”

Over the past couple of weeks, President Trump has taken a beating in the mainstream media for, among other things, suggesting that the mayor of San Juan had politicized federal disaster relief efforts in response to Hurricane Maria and that it was, in fact, local mayors and residents who were failing to help the recovery […]


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 […]


Trump Reverses On Puerto Rico Debt Forgiveness: “We Will Follow The Bankruptcy Process”

One day after Donald Trump unleashed turmoil in the municipal market, launching a selling avalanche in Puerto Rico GO bonds which crashed to all time lows, shortly after the president signaled an openness to wipe out Puerto Rico’s debts during an interview with Fox News on Tuesday, the White House has thrown cold water on […]


“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 […]


US Cities Demand Federal Help As They Brace For Influx Of 100,000s Of Puerto Ricans

As the disaster-relief effort enters its second week, air traffic is slowly resuming, which means hundreds of thousands of Puerto Ricans will likely flee the devastated island to stay with friends and relatives in the continental US as they wait for FEMA to rebuild roads, repair power grids and and revive the island's communications infrastructure […]


“What Are We Going To Do?” Puerto Rico In Chaos As Cash Runs Out

Most Puerto Ricans haven’t had access to electricity, cell service or financial services for nearly two weeks now. And as we reported yesterday, residents who didn’t stockpile enough cash have been struggling after Hurricane Maria essentially knocked the island’s economy into the 1950s, forcing some to forgo essential supplies – or worse – resort to […]


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.” […]