The Super Bowl of hedge funds will occur three days from today, on February 11 and 12. Called the “2016 Puerto Rico Investment Summit,” it is actually a collection of pigs, pirates and public officials who have been robbing Puerto Rico for the past ten years.
It will feature Rudy Giuliani, John Paulson and Gov. Alejandro Garcia Padilla. Hedge funds, private equity firms, and billionaire investors will attend. The leading idiot of Puerto Rico will also speak: Alberto Bacó, the Secretary of Economic Development, proclaiming that “you are part of Puerto Rico’s second grand economic transformation.”
It is unclear which “grand economic transformations” Mr. Bacó is referring to. Was the first one in 1900, when the US devalued the island’s monetary currency by forty percent (40%)?
Was it 1900-1930, when US banks stole 80% of Puerto Rico’s farmland?
Was it 1950-1980, when thousands of US corporations used cheap Puerto Rican labor for 30 years, paid no taxes, and then left the island forever?
Was the second “grand economic transformation” in 2006, when IRS 936 expired and the pharmaceutical industry abandoned Puerto Rico?
Was it 2007-2015, with a 300% increase in electricity bills, a 200% increase in water bills, an 11.5% sales tax, the closure of 150 schools, rollback of teacher pensions, firing of 30,000 government workers, and the declaration of Puerto Rico’s debt as “junk bonds?”
Was it January 2016, when the government of Puerto Rico officially ran out of money?
Will it be later in 2016, when the US sends a Financial Control Board to take over the entire economy and government of Puerto Rico?
To answer these questions, we will have to attend the “2016 Puerto Rico Investment Summit.”
The answers will not come cheap: attendance will cost $1,500 if you are from the US, and $2,500 if you are from Puerto Rico.
Here is the information about this “Investment Summit,” to be held in the Puerto Rico Convention Center in San Juan, PR.
The pigs, pirates and public officials at this “Investment Summit” might get a little surprise.
Because a few Puerto Ricans who can not afford $2,500 to attend this “Investment Summit”…
A few Puerto Ricans who are not robbing the island and calling it “economic development”…
Might assemble in front of the Convention Center on February 11 and 12…
And welcome them with the mother of all protests.
For a history of the War Against All Puerto Ricans, read the book…
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