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Honduras on brink of bankruptcy, suspends public services

Submitted by emalvini on Fri, 01/25/2013 - 14:02

Current Events

January 25, 2013

Street surveillance cameras in one of the world’s most dangerous cities have been turned off because the government of Honduras has not paid millions of pounds it owes.

The operator which runs them in the capital Tegucigalpa is now threatening to suspend police radio services as well.

Teachers have been demonstrating almost every day as they have not been paid in six months, while doctors complain about the shortage of essential medicines, gauze, needles and latex gloves.

The Central American country has been on the brink of bankruptcy for months, as politicians put off passing a budget necessary to pay for basic government services. Honduras is also grappling with five billion dollars (£3.16 billion) in foreign debt, a figure equivalent to last year’s entire government budget.

One way or another, a government will be forced to reckon

Submitted by samadamscw on Fri, 01/25/2013 - 15:09. Permalink

with spending on things it had no business spending them on in the first place.

That is where Thiel is

Submitted by 13hour on Fri, 01/25/2013 - 14:43. Permalink

That is where Thiel is building his libertarian world.

http://betabeat.com/2012/06/peter-thiels-interesting-new-inv...

Actually...

Submitted by RobHino on Fri, 01/25/2013 - 18:56. Permalink

The free city project in Honduras was shut down in October:

http://www.futurecitiesdev.com/about-us/

Although, I believe they're still pursuing seasteading.

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I ask not for divine providence or more riches, but more wisdom with which to accept & use wisely the riches I received at birth in the form of the power to control & direct my mind to what ever ends I desire. www.RevolutionCarBadges.com/daily-paul