Another socialist $hithole is about to collapse.. but this time its part of US!

Puerto Rico is a clear cut example of how liberal socialists eventually ruin everything they touch.  There is no reason for this beautiful island to be $72 billion in debt yet here we are.  And now they are talking about default.  Oh, they will call it by a different name at first and the front running name seems to be "debt restructuring".  But it is a default, the credit agencies will all call it a default and then borrowing rates will skyrocket and then it will become an actual default.  All because the people allowed greasy politicians to collude with greasy wall st moneymen and put the place in such unpayable debt that default is the only avenue available now.

The revenge of savers is coming folks.  When everyone else who bought everything they ever wanted on credit goes into default, the stuff that they bought will plummet in price as banks try to liquidate real estate, cars, you name it before too many other banks can flood the market with repossessed stuff.   Cash will be king and eventually gold and silver will be the only cash remaining.  I continue to believe that the worst part of the coming collapse happens before the end of 2017.