Puerto Rico: Could Donald Trump Deploy the “Debt Bomb”?

After visiting Puerto Rico which had been devastated by the hurricanes, President Trump suggested that the island’s debt should be “wiped out”.  Immediately, Wall Street went into a panic mode and the mainstream media spouted that a.) he can’t do it; b.) he doesn’t know what he’s talking about; and c.) Cabinet members are “walking back” his comments. But they all missed the most obvious point — which is that there is no way that Puerto Rico can pay back the debt!  Trump is right, it must be written-off.Hier   weiterlesen