Get updates on the Puerto Rican crisis here: https://goldsilver.com/join-our-newsl... Puerto Rico's default yesterday is a result of well meaning politicians promising more "free" stuff to voters than the taxpayers were willing or able to pay for. Now the Federal government is being called upon to find a solution and that means taxes are going up, which will further shrink the economy. Unfortunately, what most people don't realize is that a similar fate awaits the whole of the U.S. If you enjoyed watching this video, be sure to check out the Hidden Secrets of Money website at https://www.hiddensecretsofmoney.com/. It’s a world-leading educational series by Mike Maloney, the bestselling author of the Guide to Investing in Gold & Silver. As Mike explains in the series and his book, we live in an economic system that is made complicated by design. Basically, it’s set up so most people don’t even try to understand it. In Mike’s videos, he breaks down these concepts using easy-to-follow analogies, real pages from history, and animations that tie it all together.