The world has been focused on the spectacle of the “Troika” of the International Monetary Fund, European Union and the European Central Bank crushing the Greek people, but it is far from the only example of strong nations using a “debt crisis” to extract more wealth from those that are weaker.
A case in point is the US colony of Puerto Rico. In a June 28 New York Times interview, the governor of the Caribbean archipelago nation declared its debt of US$73 billion “is not payable. There is no other option. I would love to have an easier option. This is not politics. This is math.”