Posted on 12/19/2006 1:08:45 AM PST by neverdem
Since FDR declared the Federal Government bankrupt in 1933, it has been in receivership to the Federal Reserve System. The Fed is a privately owned corporation operated for profit by 4 large banks. The people of Puerto Rico can vote all they want but the Congress is required by law to follow the dictates of the Fed. The cost of maintaining the offshore tax haven for the Fed is none of their concern and they will maintain the status quo for the foreseeable future.
Google FDR and bankruptcy for more information.
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