Puerto Rico protests: a global DAY OF ACTION against Santander Bank

War Against All Puerto Ricans: Revolution and Terror in America’s Colony

On Monday June 12, from 12 noon to 2 pm, a massive protest will occur at 1290 Ave. of the Americas (51st street). The protest is against Santander Bank.

Two Santander executives are sitting on the Puerto Rico Financial Control Board (FCB) even though Santander helped to underwrite $61.2 billion of the island’s  $72 billion “debt,” and received close to $1 BILLION in management fees for helping to create this “debt.”

These two members of the FCB are Carlos Garcia and José Ramon Gonzalez

PUERTO RICO AND MACONDO

The conflict of interest of these two men is so deep, so surrealistic, that it could only happen in two locations: Puerto Rico and Macondo.

Before their appointment to the FCB, Garcia and Gonzalez moved between top positions in Puerto Rico’s Government Development Bank/GDB (which issues the island’s government bonds) and Banco Santander (the Spanish-owned mega-bank that bought and structured the vast majority of those same obligations).

A recent report, titled “Pirates of the Caribbean,” found that Garcia and Gonzalez helped Santander Bank to bilk the treasury of Puerto Rico.

Santander

For example, the Santander loans cost Puerto Rico $1.5 billion in “capitalized” interest payments: that is, the island was borrowing to pay the interest on its loans. 

Santander was also the lead underwriter on over $2.5 billion in predatory debt deals that are now part of the island’s alleged “debt” to Wall Street interests.

According to the report, a 2009 bond issue from Santander netted Puerto Rico only $139 million, but required it to pay back $730 million: five times the value of the loan.

A HISTORY OF ABUSE

Santander is a repeat abuser of Puerto Rico’s financial integrity.

In 2011 and 2016, the Financial Industry Regulatory Authority (FINRA) forced Santander to pay $15.4 million for its fraudulent bond practices in Puerto Rico, which included the short sale of toxic “junk bonds” to unsuspecting investors.

These junk bonds are part of the portfolio, which Santander now claims that Puerto Rico must pay, as part of its alleged “debt.”

For nearly ten years, it has orchestrated a systemic robbery of Puerto Rico’s treasury, facilitated political graft and corruption throughout the island.

Now – through a so-called “Financial Control Board” – the Santander Bank (headquartered in Spain) is demanding that the working class of Puerto Rico must pay for the Santander banquet.

In effect, Santander is a Robin Hood in reverse.

They even have two mercenaries – Carlos Garcia and José Ramon Gonzalez – sitting on the Financial Control Board, to ensure that Robin robs the hood.

GLOBAL DAY OF ACTION

For this reason, a Global Day of Action has been scheduled for Monday, June 12.

Here are the details again:

Global Day of Action Against Santander Bank 

Monday, June 12, from noon to 2 pm 

1290 Ave. of the Americas (51st street)

DIGITAL ACTION

At that same time (June 12, from noon to 2 pm) there will also be a DIGITAL action.

We can all Tweet and share posts with the hashtag #PeopleVSSantander targeting @Santander and @CarlosGarcia demanding to hold them accountable for their Ponzi Schemes and money laundering…

And demanding the cancellation of a “debt” that is illegal and unconstitutional.

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For a history of the War Against All Puerto Ricans, read the book…

War Against All Puerto Ricans: Revolution and Terror in America’s ColonyBuy it Now

Si prefiere ver la página web en español por favor visite: http://www.guerracontratodoslospuertorriquenos

  

General Strike in Puerto Rico

War Against All Puerto Ricans: Revolution and Terror in America’s Colony

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As of May 1, the people of Puerto Rico are in a general strike. Thousands of protesters blocked the roads in San Juan yesterday. They also stopped traffic near San Juan’s international airport, and shut down the bus system throughout most of the island.

Demonstrators also marched through the island’s financial center in Hato Rey, exclaiming that “Ricky is selling the island!” They yelled in reference to Gov. Ricardo Rosselló, who is planning to privatize most of Puerto Rico…

Dozens of labor unions and university student groups marched in protests throughout the island.

Large office buildings in Hato Rey were boarded up or surrounded by fencing.

Police used pepper spray, tear gas, and smoke bombs against the demonstrators.

Rene Perez, also known as Residente, joined the marches and addressed the demonstrators.

The general strike is the first of many confrontations expected between the people of Puerto Rico, and the “austerity” plan of the US Financial Control Board and Gov. Ricky Roselló, who is planning to approve dozens of “Public Private Partnerships” between Puerto Rico and US corporations.

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For a history of the War Against All Puerto Ricans, read the book…

War Against All Puerto Ricans: Revolution and Terror in America’s ColonyBuy it Now

Si prefiere ver la página web en español por favor visite: http://www.guerracontratodoslospuertorriquenos

The Empire’s Buffoon: Luís Muñoz Marín

 War Against All Puerto Ricans: Revolution and Terror in America’s Colony

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As “public-private partnerships” and U.S. vulture funds prepare to devour Puerto Rico, it is useful to examine how the island was cooked and served like a Thanksgiving turkey. It started in 1898 and accelerated in 1952, with the “Estado Libre Asociado” farce.

The principal buffoon of this farce was Luís Muñoz Marín, the so-called “governor” of Puerto Rico. Please view this video and decide for yourself…

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For a history of the War Against All Puerto Ricans, read the book…

War Against All Puerto Ricans: Revolution and Terror in America’s ColonyBuy it Now

Si prefiere ver la página web en español por favor visite: http://www.guerracontratodoslospuertorriquenos

 

Puerto Rico will be SOLD on May 1, 2017

War Against All Puerto Ricans: Revolution and Terror in America’s Colony

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Gov. Ricky Roselló is distracting Puerto Rico with a June 11 “statehood referendum” that is going nowhere, since it has been repudiated by the U.S. government. But WHY is Roselló doing this?

The answer finally exploded – like a bomb – on April 20 in Fox News. The entire island is about to be sold off, immediately after May 1, with Ricky Roselló as the auctioneer.

Here is how he will do it…

The Fox article reports, in perfect sociopathic detail, how the governor will distract the entire island with a phony “statehood” referendum…at the same time that he sells the island to Wall Street.

It will all be accomplished with lies.

Here are those lies: THE LYING FOX NEWS ARTICLE

THE FOX HEADLINE

Let’s start with the headline: “Puerto Rico pushes to privatize operation of public services”

This headline is packed with lies…THREE of them!

#1

“Puerto Rico” is not pushing for anything.

The ruling class of Puerto Rico is pushing.

Gov. Roselló, ex-governor Fortuño, the Financial Control Board, and two dozen vulture funds are the ones pushing for “privatization. They can’t WAIT to turn a false $72 billion “debt” into an empire of P3s (public-private partnerships) that will convert the island into one giant ATM for Wall Street…for the next 40 years.

#2

This is not about “operating.”

It is about owning.

Under the guise of “management efficiency” and payment of a false “debt,” these “P3s” will place roads, bridges, airports, schools, hospitals…and the electrical power and the water supply of Puerto Rico…under the ownership of Wall Street hustlers such as these.

#3

This is not about public “services.”

It is about public assets . . . such as these

It is about owning and controlling these assets. Goldman Sachs already has a 40-year lease on PR-5 and PR-22, the most profitable highway in Puerto Rico. Now all the other vulture funds want the same.

They all want – and will grab – the public assets.

THE FOX ARTICLE

The lies in the article itself, are remarkably bold:

Lie #1

“Puerto Rico is ready to sign dozens of new deals to privatize the operation of public services.”

Lie #2

“Gov. Roselló said public-private partnerships could create up to 100,000 new jobs and generate some $5 billion in the next three years.”

Lie #3

“25 percent of the revenues from these deals will go to the island’s crumbling public pension system.”

Lie #4

“Officials have identified at least 30 projects that would benefit from being run by a private company.”

THE FIRST LIE has already been discussed. It was embedded in the Fox headline.

THE SECOND LIE is simple arithmetic: 100,000 “new” jobs will be created…but only after 100,000 “old” workers are terminated, along with their pension and health benefits, and some of those “new” jobs might pay only $5 per hour

75 percent of all state agencies will all be closed.

After that, $5 billion will be generated not “for Puerto Rico”…but for the vulture funds that are demanding immediate and full repayment, of a fraudulent $72 billion “debt.”

THE THIRD LIE is also arithmetic: without the vulture funds and their “P3s,” 100% of the revenue would go to Puerto Rico. But Puerto Rico will receive very little of the revenue – nowhere near 25%until the vulture funds are repaid the so-called “debt.”

In other words, this “25% of revenue” means 25% of what the Commonwealth gets, AFTER the vulture funds have taken their cut. This is 25% of nearly nothing.  

THE FOURTH LIE treats Puerto Ricans like infants, incapable of managing their own island. Then it turns 30 sectors of infrastructure into targets for “privatization,” for the alleged “benefit” of Puerto Rico.

But privatization will not benefit those 30 sectors. It will not “benefit” Puerto Rico.

It will benefit the Wall Street hustlers: salivating over Puerto Rico, eager to turn a false “debt” into 40-year “public-private partnerships.”

ON MAY 1, 2017…THE SALE OF PUERTO RICO WILL BEGIN

Just a few days from now (May 1, 2017) Puerto Rico will be in a complete default, the creditor lawsuits will be un-frozen, and all these creditors will be free to sue the island…for immediate re-payment of the alleged $72 billion “debt.”

Since Puerto Rico is financially bankrupt, but not allowed to declare bankruptcy, the creditors will demand immediate collateral… they will pressure the Financial Control Board to mortgage the island’s entire infrastructure, through “public-private partnerships.” 

P5s…Public Private Partnerships for the Plunder of Puerto Rico 

Over the past two years, this website has repeatedly warned about the “P3s” and “public-private partnerships” that are preparing to invade Puerto Rico.

Here are some of those articles:

https://waragainstallpuertoricans.com/2015/10/05/public-private-partnerships-for-the-plunder-of-puerto-rico/

https://waragainstallpuertoricans.com/2015/10/06/meet-the-auctioneer-of-puerto-rico-macquarie-investment-management/

https://waragainstallpuertoricans.com/2015/10/12/luis-fortuno-king-of-the-p3s/

https://waragainstallpuertoricans.com/2016/03/06/privatization-gone-wild-corruption-in-the-public-private-partnerships-of-puerto-rico-created-by-gov-luis-fortune/

https://waragainstallpuertoricans.com/2016/03/17/who-owns-puerto-rico/

https://waragainstallpuertoricans.com/2016/06/26/beaches-of-puerto-rico-are-sold-to-us-billionairesby-puerto-rican-government-traitors/

https://waragainstallpuertoricans.com/2016/06/29/puerto-ricos-beachespuerto-ricos-lying-politiciansand-juan-bobo/

https://waragainstallpuertoricans.com/2016/07/14/will-puerto-rico-be-privatized/

https://waragainstallpuertoricans.com/2016/11/27/350-schools-in-puerto-rico-are-closed-and-sold-by-puerto-rican-government-traitors/

https://waragainstallpuertoricans.com/2016/11/28/the-government-of-puerto-rico-prepares-to-sellpuerto-rico/

https://waragainstallpuertoricans.com/2016/12/07/goldman-sachs-steals-1-25-billion-from-puerto-ricoand-uses-two-governors-to-cover-it-up/

https://waragainstallpuertoricans.com/2016/12/26/puerto-rico-retirement-system-including-teachers-may-crash-by-april-2017/

http://www.orlandosentinel.com/opinion/os-ed-puerto-rico-public-private-091615-20150915-story.html

http://www.truth-out.org/opinion/item/35274-no-more-colonialism-disguised-as-financial-assistance-the-us-must-relinquish-puerto-rico

These are not mere P3s – public private partnerships.

They are P5s – public private partnerships for the PLUNDER OF PUERTO RICO. 

But this plunder…this invasion…is being cleverly disguised.

They already have Gov. Roselló falsely claiming 100,000 “new” jobs and distracting the entire island with a FAKE statehood referendum…even as these P5 deals are being cut.

They have Luis Fortuño, a corrupt ex-governor of Puerto Rico, making P5 deals behind the scenes.

They have Fox News lying about the P5 “benefits to Puerto Rico.”

They have a US-appointed Financial Control Board authorized to “accept gifts” and dripping with conflicts of interest, already pushing “a dozen” P5 projects throughout the island and demanding more of them.

They have vulture funds buying politicians in Washington and Puerto Rico.

They are a modern Mafia.

On May 1, 2017, this Mafia will hold a private party, and begin to slice Puerto Rico as their own personal cake.

The Governor of Puerto Rico will smile at this party.

He will even warm the knife

So long as he gets his cut.

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For a history of the War Against All Puerto Ricans, read the book…

War Against All Puerto Ricans: Revolution and Terror in America’s ColonyBuy it Now

Si prefiere ver la página web en español por favor visite: http://www.guerracontratodoslospuertorriquenos

Cuba y Puerto Rico…from Isidro Infante

 

With 7 Grammy Awards and 47 Grammy nominations, Isidro Infante is an established international artist. His music catalogue includes over 2,500 arrangements and he has worked with Celia Cruz, Tito Puente, Dizzy Gillespie, Hector Lavoe, Gloria Estefan, Stevie Wonder, the Fania All-Stars, and dozens of other renowned artists.

And now, on March 17, Infante will release his latest work…Cuba y Puerto Rico: Un Abrazo Musical Salsero.

With 13 songs and 15 singers, the album features updated versions of classic salsa tracks. It is a fascinating concept: Puerto Rican musicians. Cuban vocal artists. All working together to create an “abrazo musical salsero.”

A complete cultural collaboration.

The project is also designed to strengthen the bonds between the two islands, through the shared reverence and celebration of their music.

The album will be available broadly. We look forward to playing this album and dancing to it, again and again.

We will also blast it at full volume, and throw the mother of all parties, when the US Financial Control Board gets the hell out of Puerto Rico.

And when the Control Board is gone for good, we will enjoy the island that God gave us…and listen to the mastery of Isidro on piano pieces such as this one. Just check him out from 3:04 to 4:50.

THAT is Isidro Infante.

 

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