The First (((OCARE))) Obama Care State To Collapse…
Moments ago the Common Wealth of Puerto Rico filed for a Quasi-Bankruptcy Protection by US Courts over it’s $70 Billion Dollars in Debt created by both the Mandatory Health Care costs and Mandatory Welfare.
Puerto Rico – however – is not an Incorporated Territory like the Detroit, the Philippines or the Washington State Secretary of State’s Office.
Puerto Rico is part of the United States Corporation.
Puerto Rico uses the US Dollar as a base and it’s President is appointed by the United States Corporate President.
When Detroit filed for Bankruptcy Protection the courts just let it ride because it is a Private corporation, governed by laws set forth in the State of Michigan Corporation. It is the Michigan Department of Treasury Corporation that oversees the Corporation of Detroit.
It’s an Incorporated City – the Corporation of Detroit.
When Puerto Rico files for Bankruptcy it files as part of the United States Corporation – however – under executive order 12803 the United States is completely privatized and may in fact have only a few employees.
Common Wealth Territory or not – Puerto Rican Bonds are issued from the United States.
See the picture
When we told the owners of the Federal Reserve Banks, the US Treasury and Deutsche Bank they were about to loose $ Trillions – that was not meant as a joke and I am sure their CEOs will be forgiven by their owners for overlooking what we sent them.
We even reminded them Monday and Tuesday on their Facebook Pages but they failed to listen to GOD’s last warning.
The US Presidential Appointed Governor of Puerto Rico is currently petitioning the Federal Oversight Board to invoke a Quasi-Bankruptcy (Fake) law that puts a stand off before a Judge.
In other words – the US Treasury Notes used to support the Democratically Controlled National Socialist State (NAZI) of Puerto Rico are not going to be paid back.
“For the loss of a Horse Shoe Nail the Kingdom was lost…”
By 1 June their investors will not have a pot to pee in
By 1 November they will not have pee to put in the pot.
Few stories flatten me – but this one – ohm boy, it’s a biggie.
They are selling a $1,000 Puerto Rican Bond – a US Treasury Bond – for $49.
It literally Trump’s every other story of the year.
And so it begins.
The fall of the US Dollar and it’s Empire…
Source: DR WILLIAM MOUNT: Puerto Rico (US) Files For Bankruptcy