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Saturday, May 6, 2017

JESTER UPDATE, 6 MAY

Jester’s Place:
 
[tmorrow1953] Jester in looking at the article about the financial fall of PR, that may be a place to pick up some real estate bargains in the future...ya think?
 
[Pollyp] Jester, in the Puerto Rico article you posted it states that American retirees own the islands $74 billion in debt. Is that saying the social security administration owns their debt or is it a more general statement like the teachers union, etc?
 
[JESTER] Pollyp HOW THE HECK WOULD I KNOW THAT? LOL
 
[JESTER] IT WAS POSTED AS A WAIT AND SEE WHAT HAPPENS WITH THIS... COULD BE A BIG DISTRACTION... COULD BE THE OPENING OF A LOT OF EYES...
 
[JESTER] WE WILL HAVE TO SEE HOW THE RAMIFICATIONS COME DOWN... IF PR DOES BANKRUPT WONDER WHAT HAPPENS TO ALL THOSE SECRET TRUSTS... HMMMM....
 
[Pollyp] Interesting
 
[JESTER] EVER ASK YOURSELF WHY THE IRS IS CHARTERED IN PR?
 
[MarySunshine] JESTER Wow.... I am now..... ha ha
 
[tmorrow1953] that is actually info I had no idea of
 
[JESTER] NOW WE WOULD BE GETTING INTO THE WHOLE REPUBLIC VS FAKE US ZONE... HAHAHA
 
[JESTER] A LOT OF THAT IS WAY BACK ON THE FB PAGE FROM THE REPUBLIC DAYS... NOW WE ARE GOING FULL CIRCLE... WE'LL SEE...
 
[Pollyp] Jester, so are you saying there might be a chance the return of the Republic might be real?
 
[JESTER] Pollyp ALWAYS LIKING TO SKIP TO THE END...
 
[JESTER] WE'LL HAVE TO WAIT AND SEE HOW ALL THIS GOES... IT JUST HAPPENED YESTERDAY... NO ONE HAS HAD ANY TIME TO FIGURE ANYTHING ABOUT WHAT IT MEANS YET...
 
[JESTER] MIGHT ALL DEPEND ON WHO LIKES TO HANG ON TO WHAT... BUT I WOULD GUESS THE BAD GUYS ARE NOT HAPPY RIGHT NOW...LOTS OF THINGS HIDING OUT OVER THERE...

WELL THAT WILL GIVE YOU SOMETHING TO LOOK INTO FOR THE NEXT DAY OR SO...

YOU GUYS TAKE IT EASY... SEE YOU THE WEEKEND...

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Puerto Rico has filed for bankruptcy.
 
It's the biggest municipal bankruptcy filing ever in the US. Puerto Rico currently owes its creditors a whopping $70 billion, far higher than Detroit's $18 billion bankruptcy in 2013.
 
"Given the deficit that we have inherited, it is my responsibility to guarantee the best interests of the Puerto Rican people," Governor Ricardo Rosselló said Wednesday.

Bankruptcy won't be an easy process. A judge still has to approve it. Many prominent Wall Street firms own Puerto Rico's bonds. They are angry about the bankruptcy filing because they fear now they won't get paid back all the money they are owed.

http://money.cnn.com/2017/05/03/news/economy/puerto-rico-wants-to-file-for-bankruptcy/index.html

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