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Thread: Incompetence defined

  1. #11
    Registered User warneckutz's Avatar
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    Quote Originally Posted by transporter View Post
    And , has been the case since Jan 20, 2017,
    Your profile shows Member since Aug, 2017 though...
    Listen to me now, and believe me later: it doesn't matter how much you pump up those muscles, as long as you reach the full pumptential.

    It's not 'roids but thanks for noticing...

  2. #12
    INGSOC GURPS's Avatar
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    I'm not sure how telling the truth PR is going to 'file bankruptcy' is a bad thing


    if anyone still holding PR Bonds thinks they are going to get paid after this disaster is delusional
    Never attribute to malice that which is adequately explained by stupidity.
    - Robert J. Hanlon.

    “There is a deeply anti-democratic undercurrent to much of the criticism of the new president, borne aloft by an assumption that democracy is too important to be left to the voters.”

    And if a statue can oppress you, then I submit that you have greater issues. - A West.

  3. #13
    Quote Originally Posted by Hijinx View Post
    How smart can you be to buy bonds from a territory that is over 70 Billion dollars in debt and getting worse.
    Almost as bad as buying bonds from a country $20 trillion in debt and getting worse, no?
    Crybaby Cripplecrow Hanging on a Monkey's Toe Club

  4. #14
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    Quote Originally Posted by Chris0nllyn View Post
    Almost as bad as buying bonds from a country $20 trillion in debt and getting worse, no?
    I don't buy them.

  5. #15
    Quote Originally Posted by Chris0nllyn View Post
    Almost as bad as buying bonds from a country $20 trillion in debt and getting worse, no?
    Uh...not quite "almost". You see, there's this thing called "bond rating".....


    https://www.moodys.com/research/Mood...--PR_903936797
    You can't be a real country unless you have a beer and an airline. It helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer. -Frank Zappa

  6. #16
    Quote Originally Posted by Hijinx View Post
    I don't buy them.


    Quote Originally Posted by Gilligan View Post
    Uh...not quite "almost". You see, there's this thing called "bond rating".....


    https://www.moodys.com/research/Mood...--PR_903936797
    The US's bond rating dropped in 2011 and the reasons behind the drop have yet to change. Back in June, Illinois became the worst state (shocker) with a bond rating of BBB.

    Given that bond ratings essentially rate credit risk, and the fact that our debt keeps growing, a plan to reduce taxes (thus, revenue), and loads of unfunded pensions, failing Social Security, and failing Medicare as examples, I think it's silly to buy US bonds. What's the definition of insanity?
    Crybaby Cripplecrow Hanging on a Monkey's Toe Club

  7. #17
    Board Mommy vraiblonde's Avatar
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    Wait, when did Puerto Rico become a US state?
    "Too much agreement kills a chat."
    ~Eldridge Cleaver

  8. #18
    Quote Originally Posted by vraiblonde View Post
    Wait, when did Puerto Rico become a US state?
    Never. It's a US territory but its citizens are considered Americans.
    Crybaby Cripplecrow Hanging on a Monkey's Toe Club

  9. #19
    Board Mommy vraiblonde's Avatar
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    Quote Originally Posted by Chris0nllyn View Post
    Never. It's a US territory but its citizens are considered Americans.
    I've always heard them call themselves Puerto Ricans, never Americans. They also have a strong national identity that is not American.

    You might want to look up what it means to be an "unincorporated territory".
    "Too much agreement kills a chat."
    ~Eldridge Cleaver

  10. #20
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    Maybe the creditors were all hoping the Fed would pay those debts, rather than help PR to wipe them out/down. That's the gamble, and it looks like they lost.

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