Puerto Rico Governor Uses Emergency Dictatorial Powers

Bank Withdrawals Limited As posted to www.washingtonpost.com on 4/9/16.   SAN JUAN, Puerto Rico — Gov. Alejandro García Padilla ­announced Saturday that he has declared a state of emergency at the Government Development Bank, a moved aimed at ensuring that Puerto Ricans continue to receive essential government services. The governor said he issued an executive order Friday to halt the erosion of the bank’s dwindling liquidity by allowing withdrawals only to fund necessary costs for health, public safety and education services. The order does not call for a moratorium on the bank’s principal or interest payments. García said the government bank, known as GDB, is in talks with creditors regarding a payment of nearly $423 million, due in May. The order is the first taken under the Puerto Rico Emergency Moratorium and...

Dow Jones Just Had the Best Month of Returns in It’s History

How is This Possible?  Chris Martenson Explains. As posted on the Peak Prosperity You Tube Channel on 3/19/16\   https://www.youtube.com/watch?v=5cGf0Kov8wc How do you explain this?  Well, you can’t do it on the basis of fundamentals. You can’t do it on the basis of things like corporate earnings, revenues, or some dramatic shift in the world economic status.  What you can do is note that the World’s Central Bankers got together a while ago . . . the G20 got together . . . what is now being known as the Shanghai Accord, where the Central Banks looked at the worst start to 2016 . . . the worst start in a quite a while . . . and said “gosh, we have to do something” . . . and...