Quantcast
Puerto Rico may get bailout. - Beyond.ca - Car Forums
Results 1 to 1 of 1

Thread: Puerto Rico may get bailout.

  1. #1
    Join Date
    Jul 2008
    Location
    Pallet Town
    Posts
    711
    Rep Power
    0

    Default Puerto Rico may get bailout.

    https://www.benzinga.com/analyst-rat...be-wiped-out-h

    Trump seems to have verbally mentioned it. You can dump bonds for 37 cents on the dollar and take the loss, or potentially get zero cents on the dollar in a clean slate wipe of debt.

    I wonder when the continental US will get tired of supporting the islands. Hawaii wants to move from $60,590 welfare to unknown $ Guaranteed basic income (money for nothing) Assuming a coconut and/or pineapple is 20x more valuable than wheat, each Puerto Rican should be producing about 20 tons of coconut per person per year as comparable labour. This is assuming that the pharmaceutical companies will no longer use islands as tax haven headquarters.

    I would tend to say: Pay back the loans 20 tons per person at a time for at least one generation (16 years) and then you can talk about not paying back debts.

    If the natives on the island are unable to produce 20 tons per year, then simply kick them off the island.
    Last edited by ZenOps; 10-09-2017 at 09:52 AM.
    An electric scooter consumes 18 watts per mile

Similar Threads

  1. Puerto Rico Bachelor party

    By Godfuader in forum Travel and Vacation
    Replies: 4
    Latest Threads: 03-20-2012, 05:48 PM
  2. Move to Hawaii, Puerto Rico or Australia?

    By J NRG in forum Travel and Vacation
    Replies: 16
    Latest Threads: 10-12-2009, 07:18 PM
  3. Backpacking Puerto Rico

    By arian_ma in forum Travel and Vacation
    Replies: 13
    Latest Threads: 05-08-2009, 09:41 AM
  4. FS Nike hyperdunks puerto rico sz 10

    By sawee03 in forum Fashion and Apparel
    Replies: 0
    Latest Threads: 02-18-2009, 09:44 PM
  5. Puerto Rico (vacation)

    By RickDaTuner in forum Travel and Vacation
    Replies: 7
    Latest Threads: 06-17-2005, 02:27 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •