In this video, I talk with author and economic analyst John Sneisen about the destruction caused by Hurricane Irma and the long term effects involved.
Barbuda, St. Bart and St. Martin have been hit worse than anyone else, with 95% of these island territories destroyed.
Puerto Rico wasn't hit AS hard, but it's seeing what may be one of the final nails in the debt crisis as more than one million people are left without electricity and cost of damage is unable to be dealt with.
Those who've lost electricity are likely to wait up to 6 months before they can turn their lights or air conditioning on again. Interestingly, the government blames the debt crisis which they've refused to acknowledge is bankruptcy when it's the government in the FIRST place that is caused both the monetary crisis and this long term electricity crisis as the electric grid is out of date and THEY the government own the one monopolized electricity producer.
This is what happens when free markets aren't able to reign via the demand of free individuals. Competition doesn't exist and the one outdated, inefficient grid of the state becomes the only recourse in the event of a dramatic weather event like Irma.
There is one bright side to this unthinkable catastrophe and that is the value of individuals working together to help their fellow neighbor. We saw this happen during Hurricane Harvey in Texas and now we are sure to see it happen once again as people work to ensure their loved ones and complete strangers are safe.
As Hurricane Irma nears Florida, our heart goes out to all of the people in the wake of the storm. We see the best of humanity in the worst situations.
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The big risk now is social unrest. Not to mention the other hurricane behind Irma: Jose. This could be a real nightmare scenario. Maybe some Steemians in Puerto Rico can organize a crypto-fundraiser for all the victims.
Yo ,
Thanks for sharing
Puerto Rico been bankrupt for ages, damn government
And getting worse all the time. This hurricane may well have been the final nail in the coffin.
this forsure will add to the future collapse lol
@rizwankhan
nice thumb up!
Ha..hah... thanks
good post
oath, if it goes bankrupt where the role of government
interesting and storm it will be a big problem in my life like your friend post @joshsigurdson
Very good post my friend . . I like your post thankyou for sharing. . I have followed you 🙏🙏🙏
Good job my friend , i am upvot and follow you
Oh my, I had no idea it was such a destructive hurricane. A MILLION!!! People without electricity for months, yikes. Jeesh, it's good to get your perspective here so I can begin to wrap my head around the spinning world we're living in. Another devastating blow to the old paradigm, hopefully leading us nearer to new ways of life as a human race. I turn my thoughts to the heavens, trusting there are reasons why these things are happening in the world. I thank you for doing the Work of communicating this news, so we all can learn and grow together.