Puerto Rico’s economy is in a death spiral and it could threaten the entire United States bond market. How did we get to this point and what does this mean in the big picture?
Stefan Molyneux breaks down the unspoken facts about the end of freedom, opportunity, employment and trade in modern Puerto Rico. An in depth explanation about what this means for the average Puerto Rican and Americans overall – spoiler, it’s not good!
“My administration is doing everything not to default,” Governor Alejandro García Padilla said. “But we have to make the economy grow,” he added. “If not, we will be in a death spiral.”
There will be no economic recovery, prepare yourself accordingly.
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