On the surface, the relationship between Puerto Rico and the United States is one of peace and protection. As a U.S. territory, Puerto Rico enjoys the benefit of having United States military protection along with the freedom of maintaining their independence and governmental operations.
However, all is not what it seems.
Government intervention on part of the United States allowed room for politicians to manipulate numbers regarding required budgets and syphon money from governmental programs into the self-interests of corrupt politicians—all under the guise of debt management and relief.
In this episode of “Undermoney”, Jay Newman sits down with Cate Long, Founder of the Puerto Rican Clearinghouse. They discuss the massive debt procured by Puerto Rico in the 2000s and early 2010s…and how U.S. governmental intervention paved the way for corruption, deceit and downright swindling against the citizens of these nations.
“Undermoney”. It is the theme of the show. Who is getting what, and from whom? Whether in the form of cash, political favors, pensions, benefits or bonuses—where there is a system that has devolved into chaos, you can be sure there is“Undermoney” somewhere.
This is an episode you won’t want to miss.