Posts Tagged Puerto Rico

Who Else is Broke?

rico_3396602bWe heard that Greece is broke. No one wants to utter this taboo word. Greece’s ex-Finance Minsiter Yanis Varoufakis was brave enough to shout to the world that Greece is bankrupt. Brave men never last long in their jobs. Yanis resigned soon after. We also hear Japan, EU (minus Germany), USA and many other first world countries are also broke. They survived for now simply because they just print money that they don’t have. Of course there are better words to use in place of “bankrupt”. QE and Abenomics sound much more sophisticated and professional. Still, a spade is a spade. Read the rest of this entry »


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