If we simply focussed on things that actually affect our democracy like a Freedom of Information Act and Campaign Finance Reform, all the other smoke and mirror stuff they try to distract us with could get sorted out. Why can't the Press relentlessly call for a Freedom of Information Act every single day a paper is published until it passes?
In the next couple years, I anticipate a complete eradication of cash. All tansactions will occur with phones. If there is no cash, there will be very little need for a physical bank. Banks as we know them may, very well, be a thing of the past and go extinct altogether.
The scary fact is not that modern society is rapidly changing but that the only way to prepare for these changes appears to be to learn how to fish.
There may soon be a huge job crisis in The Bahamas and elsewhere, with Multinational Enterprises consolidating operations into a few technologically savy countries and using solely digital platforms to service overseas clients elsewhere.
CoronaVirus has sped up the complete digitization of the global economy, and, likewise, its transformation into a mostly jobless, automated, downloadable App.
Complete digitization is cutting out the middleman, satellite office branches in countries. Soon, international banks, such as Scotia, could have no physical presence in The Bahamas. Likewise, a manufacturer in China could sell directly to consumers in The Bahamas, without the need for a physical wholesaler or retail location.
The reason we need campaign finance reform. You give me five million towards my "campaign," which I will keep safe in a Swiss bank account, and I arrange for the Government of The Bahamas to purchase your stinking, worthless hotel for top dollar.
If a Nassau Bank offered you a 9% interest rate on a loan of 300K, you would tell them to CYC. Yet, our Government accepted it on a loan of 600 mill. Crazy Talk!!! Must be a side deal somewhere, some other nefarious intent, or just broke bottom desperate crazy!
Agreed. For the first time, I saw the beginning of the end for The Bahamas. This country will more than likely go bankrupt. A 9% interest rate on borrowed funds is unsustainable and almost impossible for a small nation to service, even if taxes go through the roof.
BahamaPundit says...
Also, look at the way The Bahamas has handled major and even minor disasters in the past: horribly!
On Oil opponents stoke fears for 122k jobs
Posted 29 October 2020, 11:09 a.m. Suggest removal
BahamaPundit says...
If we simply focussed on things that actually affect our democracy like a Freedom of Information Act and Campaign Finance Reform, all the other smoke and mirror stuff they try to distract us with could get sorted out. Why can't the Press relentlessly call for a Freedom of Information Act every single day a paper is published until it passes?
On ALICIA WALLACE: Why do we continue to allow the Church to pull the strings on so many aspects of our lives?
Posted 29 October 2020, 7:07 a.m. Suggest removal
BahamaPundit says...
In the next couple years, I anticipate a complete eradication of cash. All tansactions will occur with phones. If there is no cash, there will be very little need for a physical bank. Banks as we know them may, very well, be a thing of the past and go extinct altogether.
On 'Banking desert' fears following Scotia pull-out
Posted 28 October 2020, 6:32 p.m. Suggest removal
BahamaPundit says...
The scary fact is not that modern society is rapidly changing but that the only way to prepare for these changes appears to be to learn how to fish.
There may soon be a huge job crisis in The Bahamas and elsewhere, with Multinational Enterprises consolidating operations into a few technologically savy countries and using solely digital platforms to service overseas clients elsewhere.
CoronaVirus has sped up the complete digitization of the global economy, and, likewise, its transformation into a mostly jobless, automated, downloadable App.
Complete digitization is cutting out the middleman, satellite office branches in countries. Soon, international banks, such as Scotia, could have no physical presence in The Bahamas. Likewise, a manufacturer in China could sell directly to consumers in The Bahamas, without the need for a physical wholesaler or retail location.
Where will the jobs come from? Learn to fish.
On 'Banking desert' fears following Scotia pull-out
Posted 28 October 2020, 4:31 p.m. Suggest removal
BahamaPundit says...
The reason we need campaign finance reform. You give me five million towards my "campaign," which I will keep safe in a Swiss bank account, and I arrange for the Government of The Bahamas to purchase your stinking, worthless hotel for top dollar.
On Grand Lucayan sale needs 'double deal'
Posted 27 October 2020, 9:56 p.m. Suggest removal
BahamaPundit says...
I find this highly unlikely, but you have a right to your opinion.
On Bahamas misses over marine genetics share
Posted 27 October 2020, 12:28 p.m. Suggest removal
BahamaPundit says...
We lost the head offices not because of WTO but because our salaries were higher and our skills were lower. Simple math.
On Bahamas misses over marine genetics share
Posted 27 October 2020, 1:26 a.m. Suggest removal
BahamaPundit says...
If we joined the WTO it would be as prey not predator. Even Jamaica would see us as easy pickings. Become strong first, then join the fight.
On Bahamas misses over marine genetics share
Posted 27 October 2020, 1:24 a.m. Suggest removal
BahamaPundit says...
If a Nassau Bank offered you a 9% interest rate on a loan of 300K, you would tell them to CYC. Yet, our Government accepted it on a loan of 600 mill. Crazy Talk!!! Must be a side deal somewhere, some other nefarious intent, or just broke bottom desperate crazy!
On BPL fears Gov't borrowing strike for $535m raise
Posted 26 October 2020, 10:45 p.m. Suggest removal
BahamaPundit says...
Agreed. For the first time, I saw the beginning of the end for The Bahamas. This country will more than likely go bankrupt. A 9% interest rate on borrowed funds is unsustainable and almost impossible for a small nation to service, even if taxes go through the roof.
On BPL fears Gov't borrowing strike for $535m raise
Posted 26 October 2020, 4:37 p.m. Suggest removal