The Puerto Rico debt crisis kicked into full gear this year when it committed the largest municipal debt default in U.S. history...
The island territory revealed it made only $628,000 (1%) of a $58 million debt-service payment that was due Aug. 1, 2015.
In total, Puerto Rico owes $72 billion.
Watch the following video as Money Morning Capital Wave Strategist Shah Gilani explains the dire situation in Puerto Rico, and how it will impact U.S. markets and investors:
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