Puerto Rico is drowning in debt: the Al Jazeera interview


This “public debt” has many, many causes & reasons. It’s not a new thing ….. Got in motion many years ago; many had a hand in it!!

WAR AGAINST ALL PUERTO RICANS

With Puerto Rico on the brink of a fiscal collapse, Al Jazeera TV devoted an entire show to the causes and consequences of this crisis.

INSIDE STORY reached out to Nelson Denis and Angelo Falcón, to present the case for Puerto Rico. Here is the video of that show:

https://ajam.app.box.com/s/ssoecegdq98vyiaafnjdn86wr9tng4ig

As founder and president of the National Institute for Latino Policy, Falcón provided a historical context for the “public debt” of Puerto Rico. Denis focused on the Jones Act of 1920, and its 96-year impact on the island’s economy. Cate Long, a partner in Puerto Rico Clearinghouse, presented the bondholders’ point of view.      

Nelson Denis - Al Jazeera

The interview was conducted by veteran journalist Ray Suarez from Washington, D.C.

The government of Puerto Rico predicts that it may run out of funds (ie, go bankrupt) by June 2016. The US congress is preparing a “Financial Control Board” to manage the entire Puerto Rican…

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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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