Puerto Rico says it cannot pay its debt, setting off potential crisis in the U.S. | |
Anonymous Cowherder Stop the inanity! User ID: 64083145 United States 06/29/2015 12:11 AM Report Abusive Post Report Copyright Violation | Puerto Rico should have been granted independence in 1898. Repeal the 17th Amendment and the Reapportionment Act of 1929! Thread: First steps down the road to a return to the Constitutional Republic that we were intended to be. Restore the Republic. Thread: The Bill of Rights does NOT include age requirements! It's a flower, not something to be feared. - Moo! |
telling it straight User ID: 20267341 United States 06/29/2015 12:11 AM Report Abusive Post Report Copyright Violation | Those of us in the financial realm have seen this coming for some time. This is going to shake the muni bond market and it will become apparent to the heretofore clueless that America is broke when we don't bail out PR dollar-for-dollar. 5 stars and pin request for you, OP. |
Woot Woot User ID: 69613688 Canada 06/29/2015 12:14 AM Report Abusive Post Report Copyright Violation | Those of us in the financial realm have seen this coming for some time. This is going to shake the muni bond market and it will become apparent to the heretofore clueless that America is broke when we don't bail out PR dollar-for-dollar. Quoting: telling it straight 5 stars and pin request for you, OP. Here's a hint, if the jurisdiction is run by demotards, their paper aint worth shit. |
Anonymous Coward User ID: 69635746 United States 06/29/2015 12:15 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 67252060 United States 06/29/2015 12:28 AM Report Abusive Post Report Copyright Violation | Aren't they a territory of the US? Do they pay taxes? Are the states the same? Why would they owe so much? Someone explain please. And Greece--if they've received so much in bailouts, it means they weren't contributing anything unless they returned bailout money to pay the debt, but that doesn't work. If they were bailed out, that money was gone and everything continued. So now that they can't repay, what's the difference? How does it suddenly affect everything? Forgive the debt and continue on instead of destroying a country and it's people. I don't get it because I don't spend a lot of time on world finance. Money issues don't interest me beyond having enough to pay bills, prep a little and buy food. Seems like another game to me. |
Anonymous Coward (OP) User ID: 37743735 United States 06/29/2015 12:31 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward (OP) User ID: 37743735 United States 06/29/2015 12:44 AM Report Abusive Post Report Copyright Violation | Those of us in the financial realm have seen this coming for some time. This is going to shake the muni bond market and it will become apparent to the heretofore clueless that America is broke when we don't bail out PR dollar-for-dollar. Quoting: telling it straight 5 stars and pin request for you, OP. Thanks for the analysis. Can you expand on the possible implications? |
Anonymous Coward User ID: 69422638 United States 06/29/2015 12:51 AM Report Abusive Post Report Copyright Violation | |
[][]+ User ID: 63044248 United States 06/29/2015 12:51 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69295382 United States 06/29/2015 01:04 AM Report Abusive Post Report Copyright Violation | |
Woot Woot User ID: 69613688 Canada 06/29/2015 01:23 AM Report Abusive Post Report Copyright Violation | |
Woot Woot User ID: 69613688 Canada 06/29/2015 01:25 AM Report Abusive Post Report Copyright Violation | []+:MV8yODkxODM2XzUwOTM3Nzg3X0Y1MkI4N0VF] Quoting: Is 70 Billion a lot in the scale of our economy? I know of corporations in that much debt. Pretty safe bet a corp with such debt has a shit whack of current and expected future revenue to float the debt. |
Ralph--a house dog User ID: 69633207 United States 06/29/2015 01:33 AM Report Abusive Post Report Copyright Violation | Haven't there been several predictions from psychics and people who had visions that Puerto Rico will get hit by that asteroid around Sept 23 - 24? "Do Not Go Gentle into that Good Night.....Rage, rage against the dying of the light"-----Dylan Thomas HIS NAME IS SETH RICH [link to biblicalselfdefense.com] [link to forum.1111ers.blog] Always remember that "for the greater good" will not include YOU. "Who decides?" ---Robert A. Heinlein -'Whoever would overthrow the liberty of a nation must begin by subduing the freeness of speech.'—Benjamin Franklin [link to www.westcoasttruth.com] The only thing worth paying full retail for is pantyhose. You cannot do all of the good the world needs, but the world needs all of the good you can do. |
Anonymous Coward User ID: 69455208 United States 06/29/2015 01:35 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69422638 United States 06/29/2015 01:36 AM Report Abusive Post Report Copyright Violation | 70 billion is nothing compared to 18 trillion. Nothing. Just throw it in the hopper, it's all going to get rolled up to the IMF anyway. Quoting: Anonymous Coward 69422638 More liberal pixie dust thinking No, fucktard, that is the truth. All global currencies will be rolled up to the XDR, not that you know what that is, how it would work or what it really means to you the dipshit on the street. China is trying to resist, but they will eventually be digested because they can't live on their own; they need trading partners. |
Anonymous Coward User ID: 67637065 United States 06/29/2015 01:42 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69598983 United States 06/29/2015 02:01 AM Report Abusive Post Report Copyright Violation | |
Anonymous Cowherder Stop the inanity! User ID: 64083145 United States 06/29/2015 02:12 AM Report Abusive Post Report Copyright Violation | Puerto Rico 70,000, Federal 17,000,00 If Puerto Rico's debt per person was translated to a population size of the US total, the US debt would be 5.6 trillion, less than 1/3 of what it is. 4 million x 10 = 40 million x 8 = 320 million 70 billion x 10 = 700 billion x 8 = 5.6 trillion debt. Last Edited by Anonymous Cowherder on 06/29/2015 02:14 AM Repeal the 17th Amendment and the Reapportionment Act of 1929! Thread: First steps down the road to a return to the Constitutional Republic that we were intended to be. Restore the Republic. Thread: The Bill of Rights does NOT include age requirements! It's a flower, not something to be feared. - Moo! |
Anonymous Coward User ID: 67637065 United States 06/29/2015 02:16 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69635352 United States 06/29/2015 03:46 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 2984595 United States 06/29/2015 03:58 AM Report Abusive Post Report Copyright Violation | |
The Årtist User ID: 44124412 United States 06/29/2015 04:31 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 68897468 United States 06/29/2015 04:47 AM Report Abusive Post Report Copyright Violation | Those of us in the financial realm have seen this coming for some time. This is going to shake the muni bond market and it will become apparent to the heretofore clueless that America is broke when we don't bail out PR dollar-for-dollar. Quoting: telling it straight 5 stars and pin request for you, OP. So right!! Also votes and pins! |
Anonymous Coward User ID: 69496378 United States 06/29/2015 04:54 AM Report Abusive Post Report Copyright Violation | []+:MV8yODkxODM2XzUwOTM3Nzg3X0Y1MkI4N0VF] Quoting: Is 70 Billion a lot in the scale of our economy? I know of corporations in that much debt. Pretty safe bet a corp with such debt has a shit whack of current and expected future revenue to float the debt. Exactly. Corporations actually do useful things and are productive...sometimes even if they're evil. |
Anonymous Coward User ID: 68897468 United States 06/29/2015 05:04 AM Report Abusive Post Report Copyright Violation | |
s. d. butler User ID: 974819 United States 06/29/2015 05:29 AM Report Abusive Post Report Copyright Violation | Puerto Rico 70,000, Federal 17,000,00 If Puerto Rico's debt per person was translated to a population size of the US total, the US debt would be 5.6 trillion, less than 1/3 of what it is. 4 million x 10 = 40 million x 8 = 320 million 70 billion x 10 = 700 billion x 8 = 5.6 trillion debt. didn't the fed debt just cross 18 trillion? Hard to imagine a good outcome. |
Woot Woot User ID: 69613688 Canada 06/29/2015 05:33 AM Report Abusive Post Report Copyright Violation | 70 billion is nothing compared to 18 trillion. Nothing. Just throw it in the hopper, it's all going to get rolled up to the IMF anyway. Quoting: Anonymous Coward 69422638 More liberal pixie dust thinking No, fucktard, that is the truth. All global currencies will be rolled up to the XDR, not that you know what that is, how it would work or what it really means to you the dipshit on the street. China is trying to resist, but they will eventually be digested because they can't live on their own; they need trading partners. Well clearly one of us doesn't know what he's talking about. The IMF is an extra governmental UN type agency that does not print currency. It is supported by western governments and has a few desks and phones. But according to you, somehow they will backstop the world's debt. That statement is as real as BitCoin |
Anonymous Cowherder Stop the inanity! User ID: 64083145 United States 06/29/2015 05:40 AM Report Abusive Post Report Copyright Violation | Puerto Rico 70,000, Federal 17,000,00 If Puerto Rico's debt per person was translated to a population size of the US total, the US debt would be 5.6 trillion, less than 1/3 of what it is. 4 million x 10 = 40 million x 8 = 320 million 70 billion x 10 = 700 billion x 8 = 5.6 trillion debt. didn't the fed debt just cross 18 trillion? Hard to imagine a good outcome. i believe it did. I went low on the debt amount and high on the population, which made the per person total lower. 18,000,000, if you search "average annual income usa" on google, it spits back that the average annual household income is 50,500 with an median per person annual income of 26,695. 2+ years of labor per person, or 1+ year of labor per household, and it still wouldn't pay the amount that DC fesses up to. totally unpayable and disastrous. Repeal the 17th Amendment and the Reapportionment Act of 1929! Thread: First steps down the road to a return to the Constitutional Republic that we were intended to be. Restore the Republic. Thread: The Bill of Rights does NOT include age requirements! It's a flower, not something to be feared. - Moo! |
Anonymous Coward User ID: 52154903 United States 06/29/2015 06:21 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 56249422 United States 06/29/2015 06:23 AM Report Abusive Post Report Copyright Violation | |