This shocking news was reported by the New York Times on October 4, 1903. In other words, within five years of US occupation, the Times already realized how its own country was operating in Puerto Rico.
The article was thorough, lengthy and detailed. You can read it here:
The New York Times is not a “radical” or “leftist” publication…in fact, quite the opposite.
The Times is an establishment newspaper: a member of the US media elite, and a part of the US power structure.
And yet, even the New York Times felt compelled to report the abuses that were being heaped on the island, by the US capitalist system.
Here are some of the facts that the Times reported:
“The United States has been remiss in providing the most important of all things – a market for Porto Rican products.”
“Before the war Spain opened wide its doors to the products of the island. Spain paid 15 cents a pound for the same coffee that goes begging in American markets today at 8 or 9 cents.”
“Uncle Sam…has not taken Spain’s place as a buyer of Porto Rican products; he has not lent the financial aid to the island that Spain did.”
“One of the first acts of the United States upon taking possession of Porto Rico was to change the standard of money from a silver basis to a gold basis…Where formerly the per capita of circulation was approximately 4 pesos ($2.40), today it is less than $1. Commodities increased in value easily 50 percent. Rent jumped from 30 pesos to $30 (a 40 percent increase).”
“The shrinkage in the circulation, accompanied by the rise in price, nearly bankrupted the merchants.”
“It is impossible to borrow money at a rate less than 12 percent.”
The Times reported widespread corruption:
“There have been some shady transactions, such as the buying of public utilities from favored contractors.”
The Times also reported how Wall Street, and US carpetbaggers, were scooping up all of Puerto Rico’s farmland:
“American capital seeking remunerative investment has a great opportunity in Puerto Rico. Lands may be bought for a song. Properties worth $50 to $60 an acre can be had at from $10 to $15. The voice of the auctioneer is everywhere.”
In modern terms, buying something for $10 that is really worth $50 – a profit margin of 500 percent – is more profitable than selling cocaine.
The Times concluded with this:
“Such widespread suffering as there is in Porto Rico today was not known at any time during the 400 years during which Spain ruled the island.”
The New York Times said this, not me. I wasn’t even born then.
118 years later, things have not changed much. Hedge funds are buying Puerto Rican “debt” for pennies on the dollar, and insisting on a full dollar of repayment…plus interest.
Within a few months, the US Congress will send a “Financial Control Authority” to rule over the island’s economy. This “Authority” is nothing more than a collection agency for the hedge funds.
The New York Times had it right. Puerto Rico is not prospering under United States rule.
For a history of the War Against All Puerto Ricans, read the book…
Buy it Now
Si prefiere ver la página web en español por favor visite: http://www.guerracontratodoslospuertorriquenos.com
Fuimos de provincia a ser colonia. Como si un esclavo libre volviera a la esclavitud.
Amazing. What more can one say. “What the devil means for evil, God will turn and use for good”. I choose to believe there’s still hope. Like with any other group the people must rally in a spirit of cohesiveness and unity. Their conditions may be imposed upon them but their hearts no one can change except they choose too. I say stay strong and once we’ve persevered we will be a people of greater character. Mandela once said “The greater glory in living lies not in never falling, but in rising every time we fall #46664.” Que viva Puerto Rico risen to a greater you. Yes we can and Yes we will.”
When I read this article, cannot help think about my loving grandparents. They lived all this transitions. Hard working people, filled with so much love, and wanting a better future. The uncertainty of those years must have been horrible for them. Now to think our beautiful Island and people continous in this same struggle. Some how the cycle has to end.
Tell that to the Republicans on the Island that keep voting them in, they did away with 936 law that was providing jobs on the Island and in help balance the budget here on the main land on the backs of Puerto Ricans by cancelling tax free factories on the Island that for 30 years kept people working. Now half of the working class is out of work and people are leaving at a rate of 300 hundred a year.
Reblogged this on It Is What It Is and commented:
Puerto Rico isn’t prospering ….. since the “invasion” in 1898! Reality …
Apreciado tocayo anejo el escrito que presentÃ© en el homenaje a Emilio Soler Msari el pasado 27 de enero en el Colegio de Abogados de Puerto rico.
2016-01-31 9:04 GMT-04:00 WAR AGAINST ALL PUERTO RICANS :
> Remy posted: ” This shocking news was reported by the New York Times on > October 4, 1903. In other words, within five years of US occupation, the > Times already realized how its own country was operating in Puerto Rico. > The article was thorough, lengthy and d” >
This financial control board will bring a lot of empty luggage with them. So when they leave the island they will be Stuffed with money from kickback, corruption, favoritism, stealing, lying, cheating and outrageously exploited interest debt. And guess what, the United States government will once again turn another blind eye. 118 years later and still this island colony is still being exploited by the so called defenders of democracy. The island had a leader that was trying to warn them of what perils they were heading for but they incarcerated, tortured, and finally silenced him. Puerto Rico is frozen in time with no leader to lead them out of this. This leader who was finally silenced once said, nationalism is the only salvation because it causes to be reborn in EACH OF US the conscience of a free man for which human dignity is priceless, and who cannot conceive why he should not have the right to govern the destiny of his children and his homeland. If you cannot conceive this, then you are either 1.brain dead 2.Uncle Tom 3. Or unable or unwilling to stand on your own two feet and will settle for peanuts and handouts.
Reblogged this on The Militant Negro™.
Reblogged this on colouredjustice.wordpress.com.