“P3s” …. plundering of Puerto Rico!! It continues & seems it will never stop!!
A Financial Control Board will soon control the government and economy of Puerto Rico. Critics view this board as a collection agency for hedge funds that own much of Puerto Rico’s $73 billion public debt.
A recent TV interview on Inside Story discussed “who owns Puerto Rico?” and how this ownership will affect the island’s future. Here is that TV interview…
Of particular concern, is the growing discussion of using Puerto Rico’s public infrastructure – its electrical grid, water supply, schools, prisons, roads, bridges, airports – as the “collateral” for this alleged “debt” of Puerto Rico.
This “privatization” of the island’s entire economy will enrich the hedge fund owners through further increases in the electricity and water rates, higher sales taxes, pension reductions, school closures, teacher layoffs, and the sale of public assets.
Gov. Luis Fortuño announces the Aerostar takeover
But this privatization will impoverish the rest of the…
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