15 January 2020

Puerto Rico Series

This is a series about another country getting into financial difficulties. I previously chronicled Zimbabwe as it went through a massive inflationary period that lasted years into the realm of ridiculousness and is still suffering the aftermath. Greece is still dealing with the impact of austerity measures to pay debt [Greek Series]. Puerto Rico is referred to as the “Greece of the Caribbean”, somewhat ironic.

Before the 2020 earthquakes and even before the 2017 hurricane that largely destroyed the island's electrical grid, Puerto was on the horizon as the next candidate for debt default, and the debt still exists even after hurricanes and earthquakes, no forgiveness. The Puerto Rican debt crisis is still a dominating issue.

In this series, I’ll excerpts from a few books [War Against All Puerto Ricans being a primary source] and laying some groundwork of historical reference. There are significant Puerto Rican communities in the United States, especially in NYC, Bay Area, and Hawaii. Puerto Ricans span all ethnicities, all colors. Puerto Ricans have clashed with the United States before, an assassination attempt of President Truman and fired shots in the House of Representatives, wounding five lawmakers. This should prove to be an interesting series. The Battle for Paradise.

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