OLD SAN JUAN, PUERTO RICO - (Photo by Matt McClain/ The Washington Post via Getty Images)
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Darrell Castle talks about Puerto Rico and the effects of its un-payable debt and he offers a solution.
Domestic Policy, Economy
May 6, 2016 at 2:57 pm
President Castle: Hmmmm, that sounds interesting.
I received an article from a company in Hawaii that stated that the Internal Revenue Service (IRS) is incorporated in Puerto Rico. Have you ever heard that ? What effect would something such as that have on the legality of the IRS in the mainland USA ?
May 6, 2016 at 4:39 pm
Interesting question indeed. At this point I don’t know the answer but time will tell.
Thanks for listening Bob
May 6, 2016 at 6:03 pm
Darrell: I have the 19-page document in front of me, I could fax it to you if you are interested in reading it.
May 6, 2016 at 6:30 pm
Thank you for addressing the Puerto Rico insolvency issues. Your solution seems reasonable. As always, massive unmanageable debt always results in the loss of some liberties to the creditors. If the US does not start exercising financial responsibility in the next decade, we will experience in the near future what Puerto Rico is experiencing now. But what organization will restructure our debt? Possibly the World Bank. And what liberties will we lose? Possibly ownership and control of our homes, our land, our natural resources.
May 21, 2016 at 4:42 pm
Dale: The track record of the IMF & World Bank (although both are mostly funded by U. S. taxpayers) is not good for their intended victims. Try reading “Confessions of an Economic Hitman” by John Perkins, ” “The Globalization of Poverty” by Michel Chossudovsky (of Global Research), and “Seeds of Destruction” by F. William Engdahl (the latter two both published by Global Research) and you will see (and learn) how this evil program works. I have a feeling that Puerto Rico is also one of their victims.
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