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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 […]


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 […]


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 […]


House Passes $37 Billion Disaster-Aid Package

Disaster victims in Puerto Rico, Texas and Florida can breath a sigh of relief. A piece of legislation authorizing $36.5 billion in aid for communities affected by recent hurricanes and wildfires easily passed the House on Thursday, despite some conservatives' concerns about the growing cost of disaster relief as wildfires raging in California – expected […]


How Vulnerable Is The Electrical Grid?

Authored by Kurt Cobb via OilPrice.com, When the electricity stops in modern civilization, pretty much everything else stops. Not even gasoline-powered vehicles can get far before they are obliged to seek a fill-up – which they cannot get because gas pumps rely on electricity to operate. When I wrote "The storms are only going to get […]


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 […]


Fed’s Dudley Sent Puerto Rico A “Plane Loaded With Cash”

In the days following Hurricane Maria’s devastating blow to Puerto Rico, air traffic on the island came to a complete standstill as airport damage prevented commercial pilots from servicing the island.  That said, with the island economy grinding to a halt, San Juan International apparently managed to find a way to accept one very important […]


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, […]


Puerto Rico Cop Says Mayor Of San Juan Sabotaging Hurricane Aid For Political Gain

Content originally published at iBankCoin.com The mayor of San Juan, Puerto Rico has been accused of withholding food and supplies from residents of the island’s capital in order to milk maximum publicity and political capital from the disaster, according to a caller to a New York City Hispanic radio station who identifies herself as a Puerto Rico […]