27-Apr-16 World View -- Puerto Rico headed for new financial default on May 1 / Turkey - PKK violence spreads

[John]

27-Apr-16 World View -- Puerto Rico headed for new financial default on May 1

Violence spreads across Turkey as both Turkey and PKK escalate fight

** 27-Apr-16 World View -- Puerto Rico headed for new financial default on May 1
** http://www.generationaldynamics.com/pg/ ... tm#e160427



Contents:
Violence spreads across Turkey as both Turkey and PKK escalate fight
Puerto Rico headed for new financial default on May 1


Keys:
Generational Dynamics, Turkey, Recep Tayyip Erdogan, Ahmet Davutoglu,
Kurdistan Workers’ Party, PKK, Cemil Bayik,
Islamic State / of Iraq and Syria/Sham/the Levant, IS, ISIS, ISIL, Daesh,
Puerto Rico, Paul Ryan

[gerald]

Ah yes, let politicians run things, and you get real life --- "looney toons" ---- https://en.wikipedia.org/wiki/Looney_Tunes
But not so funny -- "Venezuela, in other words, is now so broke that it may not have enough money to pay for its money."

http://www.zerohedge.com/news/2016-04-2 ... -new-money

and we live in a sane world?
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from the comments of the above --

Paveway IV

Ebay: Zimbabwe 500 Million Dollars, 2008 P-82 Uncirculated (10 50 100 Trillion Series) $11.95 bid - too rich for me.

This circulated note is much more reasonable: Zimbabwe 10 Trillion Dollars CIRCULATED AA/2008 / $100 Trillion Series $3.95 Buy it Now

Question: Just how much circulation does a 10 trillion dollar note actually have?

Zimbabwe cancelled its old currency last year and uses SA rand or USD - there is no Zimbabwe currency today. Here's the good news from last July:

Bank accounts with balances of up to 175 quadrillion Zimbabwean dollars will be paid $5. Those with balances above 175 quadrillion dollars will be paid at an exchange rate of $1 for 35 quadrillion Zimbabwean dollars.

The highest – and last – banknote to be printed by the bank in 2008 was 100tn Zimbabwean dollars. It was not enough to ride a public bus to work for a week.

The bank said customers who still had stashes of old Zimbabwean notes could walk into any bank and get $1 for every 250tn they hold. That means a holder of a 100tn banknote will get 40 cents.
"Hey - can anyone here break a 100 trillion dollar note? I have to catch the bus in a minute and they only take exact change for fares: 25 trillon dollars."