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Puerto Rico DEFAULTS - What Will It Mean? Mike Maloney

Mike Maloney  ( Original )
MAY 3, 2016

Published on May 3, 2016

Get updates on the Puerto Rican crisis here: 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 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. 


And be sure to follow Mike on social media to stay up to date on his latest news and posts:
Mike Maloney is also the founder of (, which was one of the first websites ever to sell bullion online. It is well known for outstanding customer service and its competitive prices. If you’re a fan of Mike’s YouTube channel and need help buying gold and silver, his team is standing by to answer all your questions and make it easy. You can find out more at