Financial Control Board sinks its teeth into Puerto Rico

I have no words! Puerto Rico … ‘openly’ now totally belongs to the ‘master’! No more pretense … what is there left? My heart hurts!!


The US Financial Control Board (FCB) has announced that NO government agency in Puerto Rico may enter ANY transaction, without the prior approval of the FCB. 

In other words…the entire insular government, and the entire public economy, is now under FCB dominion and control.

The announcement was made on October 14, 2016 during the second official meeting of the FCB, which lasted 30 minutes.  

In those few minutes, the FCB declared its jurisdiction over the island’s electrical grid (PREPA), water supply (PRASA), university system (UPR), central bank (BGF), and the all the public pension & retirement systems.

It also placed the entire public infrastructure of Puerto Rico under its financial authority. This includes:

  1. The Commonwealth government, including its elected legislature and courts
  2. The pension & retirement systems of all public workers
  3. Teacher’s retirement system
  4. University of Puerto Rico
  5. All public corporations, including:

(a) electricity and power (PREPA)

(b) water…

View original post 192 more words

This entry was posted in Equality by Dr. Rex. Bookmark the permalink.

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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