Author: Brian Robert Hyland

Last July, Puerto Rico defaulted on hundreds of millions in debt, however under the PROMESA federal rescue law put together in the last minute, creditor litigation was put on hold – a kind of deferred debtor protection without the actual bankruptcy. The law was meant to encourage Puerto Rico and its federal financial oversight board to negotiate debt-cutting agreements with creditors. No deals were reached and on midnight of May 1 into Tuesday, the litigation freeze expired, opening the doors for creditors to take Puerto Rico to court, in hopes of blocking the next step in the Puerto Rico restructuring, namely Governor Ricardo Rossello’s plan to impose drastic repayment cuts. As a reminder, Puerto Rico defaulted on $1.3 billion of principal owed since the previous governor declared the $70 billion public debt load unpayable in June 2015.

And as expected, on Tuesday Puerto Rico and its federal financial oversight board…

“The reason for the plan negotiated between the Republicans and Democrats is that we need 60 votes in the Senate which are not there! We … either elect more Republican Senators in 2018 or change the rules now to 51%. Our country needs a good ‘shutdown’ in September to fix mess!” Trump said Tuesday in two consecutive tweets.

Congressional leaders…

Report date: 05.02.2017

The collapse of Home Capital Bank could be spreading to other lenders. Greece reaches debt deal but they need to give up more and the country will sell of more of the country. The auto loan subprime bubble will mimic the subprime real estate bubble. JP Morgan is selling stocks because it sees signs the economy is collapsing. Trump preparing to replace the banking regulator. Trump says maybe we should shutdown the government in Sept. Is he telegraphing the date the economy will start to come down.

All source links to the report can be found on the x22report.com site.

Source: X22Report: Has The Date Of The Economic Collapse Just Been Leaked? – Episode 1269a | Alternative

Report date: 05.01.2017

The Canadian mortgage lender is losing depositors and it is getting worse.

Toronto housing bubble is getting ready to pop.

India will not be accepting debit or credit cards they will be using mobile app to pay for goods.

American debt slaves are in trouble once again.

The Fed indicator is pointing to a collapse of the system as the Fed makes their move to raise interest rates and bring down the economy.

Trump makes a statement that the banks should be broken apart, pushing the agenda to take down the central bank…

Source: X22Report Big Push to Break-up the Big Banks and Then Go After the Central Bank – Episode 1268a | Politics

I recently interviewed financial expert, Robert Kudla.   The international banks are scrambling as there are more bubbles.  Anybody who leaves all of their money in the bank is a fool.  Listen to what they have done.

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Source: What Central Banks Have Done Is “Stunning, Unprecedented” | Economy

(Tabu) The ‘Crown’ is not owned by the Westminster and the Queen or England.

The City of London has been granted various special privileges since the Norman Conquest, such as the right to run its own affairs, partly due to the power of its financial capital. These are also mentioned by the Statute of William and Mary in 1690.

The month of April is a nightmare for anyone with a conscience, as we only have until “tax day” – which usually falls on April 15 – to give the taxman what he says he deserves. So if you pay taxes to Uncle Sam and you’re also aware you’re paying for mass murder in the Middle East and in U.S. streets due to the drug war, you should also feel sick to your stomach as you write that check.

To a restaurant customer, this may have served as enough incentive to remind his server that taxation is always immoral — but he didn’t stop there.

Last week, a customer at a Missouri restaurant gave the waitress a “personal gift” instead of a tip, writing the now popular line “Taxation is theft” in the tip section of the receipt.

In a second note, the fiscally conscious customer…

Report date: 04.28.2017

South Korea goes cashless, they are getting rid of coins.

Consumer confidence steady despite all the bad news.

US spending way down, this makes up 70% of the economy, but American’s are buying RV’s.

GDP collapses to .7%, this is the manipulated number, the real GDP is in the negative range.

Government shutdown looms, and congress decided to vote for a stop gap which will allow the government to continue to operate for 1 more week.

The Fed signals that the economy is still strong and will continue with rate increases because they believe it will bounce back in the 2nd quarter

Source: X22Report Fed Goes All in to Crash the Economy – Episode 1266a | Politics

Back in the summer of 2016, as Obamacare rates were being set for the 2017 plan year, we repeatedly argued that the entire system was on the “verge of collapse” as premiums were soaring, risk pools were deteriorating and insurers were pulling out of exchanges all around the country leaving many Americans with just a single ‘option’ for health insurance (see “Obamacare On “Verge Of Collapse” As Premiums Set To Soar Again In 2017“).

And while Democrats may be all too willing to quickly dismiss our analysis, just a few weeks ago we suggested that they should at least listen to the warnings of the CEO of one of the country’s largest health insurers who said that Obamacare is in a “death spiral.” In speaking with the Wall Street Journal, Aetna CEO Mark Bertolini said, among other things, that the “risk pools are deteriorating in the…