The 2015 “Puerto Rico Investment Summit” was a luxury event. Foreigners paid $1,500 to attend the two-day conference. Puerto Ricans had to pay $2,500. That’s how luxurious it was.
It was held in the spectacular Condado Vanderbilt Hotel, which is owned by billionaire hedge funder John Paulson.
The Condado Vanderbilt Hotel
In fact, John Paulson hosted and catered the entire affair. The majority of the 400 attendees could barely speak any Spanish, so the conference was conducted in English. Here are some key moments:
It is clear from statements like these, that Paulson’s people live in a different world:
A world where destroying the island’s coastline is “good business.”
Where privatizing the island infrastructure – airports, schools, highways, water supply, electrical grid – is “smart management.”
Where people live in $12 million mansions because they’ve “earned” them.
Where jobs are available “for everyone who wants one.”
Where getting those jobs for your children, and your friends’ children, is not corruption or nepotism but “economic development.”
The real message of this conference is that Puerto Rico has become the Wild Wild West…where you can grab property for pennies on the dollar, pay no taxes, keep three sets of books, and hide money in one corporation after another.
In other words, like Cuba in the film Godfather II, Puerto Rico is up for sale.
Never mind that the MacQuarie Group has been an economic disaster in three separate continents:
That the privatized Luis Muñoz Marín airport has not paid its electric bills for three years, and owes the people of Puerto Rico 25 million dollars.
That “P3s” (Public Private Partnerships) are really P5s…Public Private Partnerships for the Plunder of Puerto Rico.
That millionaires buy their mansions with “Jumbo Loans” that require No Money Down, while Puerto Ricans are losing their own homes and moving to Florida.
For a closer look at the Paulson “Puerto Rico Investment Summit,” read this detailed report:
And then ask yourself…what can you do…to stop this.
What can we all do…to make sure that Puerto Rico…is not up for sale.
For a history of the War Against All Puerto Ricans, read the book…
Si prefiere ver la página web en español por favor visite: http://www.guerracontratodoslospuertorriquenos.com
About the Coffee!! Puerto Rico was a principal grower of the best Coffee in the world, until USA decided to invade, get rid of all other crops and convert the whole island into one crop SUGAR!!!
That USA also over worked and under paid the sugar cane worker. The abuse was horrible for the workers!
You should do some history reading on Puerto Rico before giving your opinion, Buck!
Pingback: A picture worth 1,000 words: an “investor” in Puerto Rico picks up a rifle, to “feel safe” from Puerto Ricans | WAR AGAINST ALL PUERTO RICANS
Pingback: Massive demonstration in Puerto Rico today, against US vulture funds | WAR AGAINST ALL PUERTO RICANS
Pingback: A scam called Operation Bootstrap: the Ruth Reynolds letter | WAR AGAINST ALL PUERTO RICANS
Native detractors who appear to resent clean, orderly and yes, conscientious re-investment [where only decay, decline and denunciation now exist] should move to Cuba, where they will be happier with the wild fauna and unadulterated coastline. They should also learn what even little uneducated children there already know: You cannot lose what you do not have. So, what you think you are losing [in taxes] is a logical impossibility. But keep resisting, and you will never get even the aroma of any new tax base prospects. Investors willing to risk life and property to try to save this island from self-destruction, are not here yet. So,wake up and smell the coffee. For that matter, try growing some for export… It might require your work versus more complaining. Instead of cursing the darkness, try lighting a candle.
You seem to believe that Puerto Ricans are inherently incapable of developing their own economy, managing their own affairs, and asserting their own sovereignty.
You write that their aptitudes run more toward “self-destruction.”
Rest assured, this destruction has been externally imposed.
Let’s remove the Jones Act (Section 27 of the 1920 Merchant Marine Act.
Oh yes, I forgot…that was imposed by the US, for the past 95 years.
Reblogged this on It Is What It Is and commented:
What can we do??? …. “The real message of this conference is that Puerto Rico has become the Wild Wild West … where you can grab property for pennies on the dollar, pay no taxes, keep three sets of books, and hide money in one corporation after another.”