Paro Nacional, Puerto Rico

>>136070

who is behind? CIA or some local nazi?

>>136071
Probably both

>>136072
what is it about? resources or just letting locals starve so they will not came up with indepence ideas?

>>136070
>Paro Nacional
That's an exaggeration.

It's essentially austerity measures causing riots. The government is defaulting on their loans with like a D bond rating.

PR is like a person who couldn't stop visiting the loan sharks for decades and they're about to lose their kneecaps from either the loan sharks or their constituents.

>>136073
The only thing the article says is that its a protest against austerity measures, but It doesnt say what they are trying to achieve, I guess they just wanna show the gov they are angry

PR is a welfare state fuck them let them eat shit and die .

>>136205
except this welfare state is set to make people a lot of money by paying off a massive debt and cutting down said welfare to do so. how they reached this level of debt is puzzling, but i've heard the same irresponsible people in their financial sector are handling the "recovery". no citation tho.

It it possible they default just to keep their services going, or stop giving basic services in favour of paying down the debt. i dont think either is very good for the states and might end up freeing puerto rico due to sheer survival instinct? i dont know

Debt was cause by a political source. So far, they've tried to negotiate partial repayment. They're trying austerity (layoffs, less benefits, cutting pensions.) Since they're able to do partial payment, they'll have to end up using a restructured debt over a longer period.

>>136223
The US gave a little aid in reducing costs for things like Medicare, but won't help pay off their debt.

Politicians promised growth but didn't have the taxes to do so. Their solution was to take out bonds and loans from international sources for decades, leaving the problems for future politicians who will be blamed for the austerity measures. Puerto Rico was a great place to loan money to since the 1000%+ returns are triple-tax free. Deliciously exploitable, if they do pay it back.

They took out too many bonds, causing moderately high rates. They defaulted way back. Their ratings dropped. The rates went up because their rating dropped. This became a default-rating cycle that they can't escape from.