http://money.cnn.com/2015/08/03/investing/puerto-rico-default/Damn, I can't believe this is happening so close, it's unbeliable but it was unavoidable. 58 million of unplayable fee. I really hope these guys don't get all of their money stolen. Only if we were in 2025 they could have had a chance with Bitcoin we are still on the very early days.
And you know what is quite funny? The World's Largest Debtor Governments leader is US with debt of 18,540,448,667,000. Second place is UK with 9,590,995,000,000.
We truly entered age of debt. Puerto Rico's debt is like one grain of sand on a desert compared to US debt. Does this means US will be defaulted in the future to?
Source:
https://en.wikipedia.org/wiki/List_of_countries_by_external_debtThe US is the motherhouse that can get away with printing as much money as they want and live under as much debt as they want and they seem to keep await with it, thats why i have my doubts it will ever default.