It’s a good idea in my opinion if a separate area is created away from the work space where food is consumed. Nothing more unprofessional than walking into an office and being met by the smell of cooked food
The US does not need a destabilized or China controlled Bahamas on its door step so this makes sense. I think it works like this: the Fed holds an account for our Central Bank, which is credited with US$. Our Central Bank then opens an account for the Fed and credits that with B$. Computer entries so far. The Central Bank here then enters into a binding agreement for the re-purchase of the US$ at some future date and the second transaction unwinds the first. The Federal Reserve has done this with a number of countries that enjoy good relations with the U.S. It’s not free money but provides liquidity at a crucial time and is a lifeline that can lift the Bahamas into prosperity. I should expect the Fed would be provided with a Business Plan showing how the credit line would be used to build the country’s infrastructure and economy. I have no knowledge of this other than what I read but that’s my 2 cents’
1) Why would the Fed do that ? 2) Where would The Central Bank of The Bahamas get $4 billion from, whether in B$ or Sand Dollars ? We don’t have a reserve currency like the US$, and creating money without backing will result in a devaluation.
All he said was that the Government cannot account for about $42million of hurricane relief money. That is very suspcious don't you think? Investigations take time and are necessary for good governance and proper management of tax revenue. The Government is cleaning house and rebuilding behind the scenes but you dont see it and dont want to see it.
In my view the PM is not concerned with flowery speeches and becoming a "celebrity" constantly on display, but doing what he does best; administration. That is what is required in good Government. The people have become accustomed to lawyer / politicians who use empty words and fail to realize that politicians are elected to serve them. Be patient. The new Government has to understand what they have inherirated- which is a process, and audits will, and should, take time. We should all be in prayer for good, honest Government.
Believer says...
It’s a good idea in my opinion if a separate area is created away from the work space where food is consumed. Nothing more unprofessional than walking into an office and being met by the smell of cooked food
On IAN FERGUSON: The benefits from offering staff meals
Posted 25 November 2023, 11:32 a.m. Suggest removal
Believer says...
The US does not need a destabilized or China controlled Bahamas on its door step so this makes sense. I think it works like this: the Fed holds an account for our Central Bank, which is credited with US$. Our Central Bank then opens an account for the Fed and credits that with B$. Computer entries so far. The Central Bank here then enters into a binding agreement for the re-purchase of the US$ at some future date and the second transaction unwinds the first.
The Federal Reserve has done this with a number of countries that enjoy good relations with the U.S.
It’s not free money but provides liquidity at a crucial time and is a lifeline that can lift the Bahamas into prosperity. I should expect the Fed would be provided with a Business Plan showing how the credit line would be used to build the country’s infrastructure and economy.
I have no knowledge of this other than what I read but that’s my 2 cents’
On Escape virus crisis through 'currency swap'
Posted 31 May 2020, 11:49 a.m. Suggest removal
Believer says...
1) Why would the Fed do that ?
2) Where would The Central Bank of The Bahamas get $4 billion from, whether in B$ or Sand Dollars ? We don’t have a reserve currency like the US$, and creating money without backing will result in a devaluation.
On Escape virus crisis through 'currency swap'
Posted 23 April 2020, 8:03 p.m. Suggest removal
Believer says...
All he said was that the Government cannot account for about $42million of hurricane relief money. That is very suspcious don't you think? Investigations take time and are necessary for good governance and proper management of tax revenue. The Government is cleaning house and rebuilding behind the scenes but you dont see it and dont want to see it.
On PLP ‘diverted $40m to buy last election’
Posted 11 October 2017, 3:48 p.m. Suggest removal
Believer says...
In my view the PM is not concerned with flowery speeches and becoming a "celebrity" constantly on display, but doing what he does best; administration. That is what is required in good Government. The people have become accustomed to lawyer / politicians who use empty words and fail to realize that politicians are elected to serve them. Be patient. The new Government has to understand what they have inherirated- which is a process, and audits will, and should, take time.
We should all be in prayer for good, honest Government.
On 'Christie trying to distract' from poor record of PLP
Posted 4 July 2017, 8:55 a.m. Suggest removal
Believer says...
Do you think they will have a big generator
🇧🇸
On $42m IMAX developer eyes 800k client base
Posted 30 June 2017, 10:57 p.m. Suggest removal