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Tuesday, May 9, 2017

Now What With Puerto Rico?


By Anna Von Reitz

A couple days ago I announced that we forgave Puerto Rico's debts--- just paid them off and said, "God bless you."

This is because Puerto Rico has always been a Territory of the Territorial United States and a Commonwealth of Britain. 

We, the actual states and people, have no actual standing as priority creditors with respect to it in a bankruptcy situation, so we can't just come in as the Principal Party Creditors and seize upon the assets of Puerto Rico as we can with say, the State of Ohio. 

To say this another way, the State of Ohio, for example, owes us first and foremost and it owes us so much that no Secondary Creditor can hope to get  anything out of it once we show up--- and we have shown up.

But with Puerto Rico, this situation is different.