This is an excellent time to invest hard earned money into the Bahamian economy. With VAT, increased business license fees, increased national insurance rates, BEC distroying all of your equipment, Baha Mar shut down, Moody's threatening to down grad use to junk, opposition fighting amongst themselves like a bunch of children, D average workers, lack of internal controls at Post Office Bank, money missing from Road Traffic, pot hole filled roads, foreigners buying up the family islands, government increased fees on bank transfers, VAT on international services to financial firms, I could go on and on.

Cable Bahamas is over leveraged with hundreds of millions in debt. Facebook the owner of WhatsApp is putting cell phones calls out of business with 100 million new Customers each month covering one sixths of earths populations. Cell phones will be obsolete in 5 years. Smart devices will rule.

So let's follow the recommendations of Sir Frankie and invest in the Bahamas.

The main problem is the fact that Bahamians, especially political Bahamians are vindictive and petty. They will give a foreign group far less hassle than a Bahamian group of the opposite political affiliation. Permits appear out of thin air for a foreign project but Bahamians must jump through hoop after hoop. Then add on the general shit business red tape and "lunch" that must be dealt with and is there any wonder Bahamians do not believe in the Bahamas as it is run today. The mismanagement of this country has come to an all time high and new management must be sought!

**AND JUST SO SIR FRANKLIN KNOWS ANYONE WITH HALF A BRAIN IS SCARED, TERRIFIED, AND WORRIED FOR OUR DEAR BAHAMAS AT THIS TIME! **

What the snake needs to do is advise his government that the days of running a dual economy must end. Forthwith. You have the struggling , law abiding, honest citizen who is burdened and saddled with so much taxes it is impossible to barely stay in business much less make a profit. Then you have the cronies and political lackeys who use every effort to not only evade taxes but to avoid paying all other bills associated with their business. Yet the overburdened tax payer must compete with him. Then you have the foreign investors whom government feels must be rewarded for finding his way to these shores and get even more compensation for opening a business here. So he is exempt from paying most of his taxes and some seldom pay the taxes they are required o? And what do they do with their profits? Export them to their home country. So essentially they milk the cow for free and when the milk dries up they fly away and usually leave heaps and heaps of unpaid bills. That's what needs to be fixed in this country. Too much money is leaving and to much taxes on local businesses

**... 43 years denying Bahamians opportunities have come 360 to bite PLP and FNM ...**

What did they "TINK" would eventually happen by disenfranchising Bahamians? **IDIOTAS**.

Funny, now that he has great wealth via political cronyism and connection he realizes his great fortune could be liquidated in one fell swoop via devaluation.
Ironic.

We do not wish for a downgrade, but we do wish for the accountability of our government officials, which have used their African race as a shield from acting like law abiding citizens. I am so tired of hearing the Bahamas is a black country, so it's our time to do whatever we please. The Bahamas that you believe in has been desecrated and soiled by your thieving and money laundering. Millions of borrowed funds have been laundered through worthless projects, such as BAMSI, into the pockets of politicians and their cronies. If the downgrade and subsequent IMF taking over the economics of the country will stop the blood letting, patriotic Bahamians support this move. The imposters and traitors that have laid to waste this once great country will finally be shown for what they truly are: worthless crooks.

I prefer local blood suckers than international ones. The IMF has it share of cronies waiting to buy state institutions for auction like prices.

Co-sign. Been saying this for years. The PLP exploited Bahamians and robbed them of their patrimony.

Well said bahamapundit. I can sum it up in one word "entitlement" I see this mentality daily.Sure is destroying this country.

It is all well and good for Sir Snake to advocate for "risk takers" in the local business community to do more to try and revive whats left of our economy.
The Bahamas is "in a dangerous place" he states from the security of his millions, government favors and exclusive contracts.
Foreign Direct Investment is down by 76% due for the most part to lack of investor confidence in his business associates, aka the government.
They added another 125 million to the National debt in the first quarter of this year, yet he has the gall to suggest that Bahamian businesses, many of which can barely make payroll each week thanks to savage taxation, invest more money in this sinking ship?
On the contrary Mr. Wilson, we are afraid but we are not all pulling for a downgrade, we are pulling for the biggest impediment to economic recovery in this country, the government, to go away!

Sir Snake has a nerve, eh?

Of course Snakey Wilson can say that. Didn't arawak homes just score a massive contract this year in what the PM calls a stimulus to the contraction industry, because Snakey can fit more homes on the properties?
I have no respect for the gangster operation. A dollar for Arawak homes is a dollar for ALL the current and former ministers that have invest in that gangster operation.

I hope that the mills of God grinds them to dust... just like Myles Monroe received his heavenly reward ... smashed to smithereens in a private jet to boot ... God has a sense of humour.