Religious leaders ask the Federal Reserve for debt relief in Puerto Rico

Religious leaders: “In the absence of Congress extending bankruptcy protection to Puerto Rico, we must call for greater involvement from the Federal Reserve to act and arbitrate our debt.”


War Against All Puerto Ricans: Revolution and Terror in America’s Colony

Religious leaders from Puerto Rico have asked the US Federal Reserve to re-structure the island’s $73 billion debt, in order to avoid drastic austerity measures. 

On Monday, August 31, eighteen Christian leaders cited the biblical concept of “jubilee” to call for debt relief. They also advocated for HR 870 – a congressional bill that would confer some limited bankruptcy powers to Puerto Rico.


Pedro Pierluisi, the Resident Commissioner of Puerto Rico, submitted HR 870 to the US Congress on Feb. 11, 2015. It remained unread and untouched, and was not assigned to any committee, until five weeks later on March 16.

The bill then sat in that committee until July 31, when Congress broke for a six-week summer vacation.

In other words, HR 870 went nowhere.

HR 870


Since Pres. Obama and the US Congress both refused to take any action on…

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About Dr. Rex

I'm originally from Puerto Rico. I was born in Santurce and raised in Rio Piedras. Have lived in Florida since 1999. I have a doctorate degree in Medicine; completed in 1976. My Internal Medicine specialty was completed in 1979. Worked for Puerto Rico's health system until 1985. At this time, I'm happily retired after working for the federal government for almost 28yrs. I want to offer any knowledge that I have to anyone "out there" who is interested. My views are liberal in almost every sense. My knowledge is "eclectic" - a bit of everything. Music and reading are my passion. Blogging has also become a very interesting endeavor. Metaphysical topics attract me. I'm interested in news reporting human issues like injustice, discrimination and abuse - the "wrongly" affected. My intention is to bring this knowledge to an understandable level and to help anyone in need. I'm open to questions and will answer them to the best of my ability. Currently working on an enterprise whose main mission will be to bring peoples of all walks of life together. To be one .... since we ALL are ONE!! The future looks bright and promising!!!

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