Puerto Rico

[24Pink14Stink]

Just read an article that the US's debt exposure in Greece is about 14 billion, a small percentage of their overall default exposure.

Puerto Rico's 78 billion in debt is held almost exclusively by US interests, many who are already over leveraged in the derivatives market.

Should be a fun ride...

[usmcveteran]

It's only a matter of time in general unless some sort of reset is hit. I don't even want to imagine if US loses word reserve currency status.

[24Pink14Stink]

Fortunately for us, China is equally or more insolvent than the US.

[harleyhutch]

Steve Miller said it best, Go on, take the money and run.
Unfortunately most of us already have or are investing in our retirements and will be screwed by our politicians driving the bus off a financial cliff while their investments are elsewhere off shore. Hopefully us hitting our retirement year can ride out the storm, but I genuinely feel bad for our children and grandchildren.
Save American History text books, so future generations can read about what we once had, as big brothers censorship and erosion of our rights will have run rampant with socialism (I mean entitlements) by then.
FUAC and all who think and act like him.

[Robin'son]

If you have an IRA, you probably should be interested in the fate of Puerto Rico. If you are an American citizen you definitely should be interested in our fate, but it seems, most aren't.
Robin

[24Pink14Stink]

Steve Miller said it best, Go on, take the money and run.
Unfortunately most of us already have or are investing in our retirements and will be screwed by our politicians driving the bus off a financial cliff while their investments are elsewhere off shore. Hopefully us hitting our retirement year can ride out the storm, but I genuinely feel bad for our children and grandchildren.
Save American History text books, so future generations can read about what we once had, as big brothers censorship and erosion of our rights will have run rampant with socialism (I mean entitlements) by then.
FUAC and all who think and act like him.

If there is any salvation, it lies with the proles...

[usmcveteran]

It's been rumored that China and Russia have been buying precious metals though and if they can back their currency then we would be screwed. But I agree the whole world is in trouble

[WARFAB]

If you have an IRA, you probably should be interested in the fate of Puerto Rico. If you are an American citizen you definitely should be interested in our fate, but it seems, most aren't.
Robin

Gas prices are down. Stocks are up. Unemployment is down. Wars have been ended. A scary number of people believe Obama is one of the greatest presidents of all time.

I'm waiting for the other shoe to drop. Should be an interesting 18 months ahead of us.

[LibertyOrDeath]

78 Billion! Geez! You'd think we could down right purchase and own Puerto Rico for 78 Billion.

[24Pink14Stink]

78 Billion! Geez! You'd think we could down right purchase and own Puerto Rico for 78 Billion.

Fire up the presses!!!