5 votes

Peter Schiff Goes to Puerto Rico

Very interesting article...

Peter Schiff Goes to Puerto Rico

http://www.internationalman.com/articles/peter-schiff-goes-t...

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There is no where to run to

There is no where to run to until the federal reserve is ended

Michael Nystrom's picture

Check this out Renato

Bump.

To be mean is never excusable, but there is some merit in knowing that one is; the most irreparable of vices is to do evil out of stupidity. - C.B.

What Peter isn't telling us is...

the HUGE tariffs on stuff!! A new car in the states may be $40k, but it will cost you nearly $70-75k for the same car in PR. This goes for TVs, construction costs, anything consumable has to be flown in or shipped in and nothing escapes the tariff. Corruption is a big problem. Violent crime is a BIG problem. Things in PR are not all roses as Peter tries to paint it...the Dorado Beach area in which he bought his condo..."normal" people can't afford to even drive by and look at it! LOL $1M wouldn't buy you a broom closet there.
So yes, Peter's right that it would be a sort-of tax haven for the uber-wealthy, but it's not for the Average Joe.

------------------
BC
Silence isn't always golden....sometimes it's yellow.

"The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them." - Patrick Henry