Most of us who live on New Providence, don't go down town Nassau at night. I'm very careful all the time. The crime here is terrible. Tourists who stay at a hotel here with your young daughter, wil be lucky if she doesn't get raped by the hotel security or grounds keepers. Keep your wives, sisters and daughters safe if you come here, don't let them out of your sight, especially not at night. Also, most of this crime is either not reported to police, or if it is, it's deliberately kept out of the news. Read the travel blogs about Nassau, see what women say about how they get targeted. This place is not safe for women to be alone in public.
What's with all the denials, we all know crime is way out of hand here? I for one do not go downtown Nassau anymore, unless I absolutely have to. I don't go out at night anymore unless I have to. We are to blame, our country is a mess. Our murder rate per capita is 10 times worse than that of USA. Who you all trying to fool???? I wouldn't like it if the cruise lines stopped coming because it would severely hurt our economy, but I'd surely understand it if they said they weren't coming!!!!!
The truth about "growth" is most often lied about in the political propaganda......
The reality is that a 1.2% growth in GDP is actually a shrinking economy.
As an example of this fact, consider the following:
Grocery Store "A" sells 100,000 loaves of bread @ $3.00 in 2014, for a total gross sales volume of bread of $300,000.00.
In 2015 Grocery store "A" bread sales (gross) increases by 1.2% to $306,000.00, and increase to match GDP growth projected. Generally speaking sales across the board have to increase at the GDP growth rate to achieve the GDP growth.
But what's missing is the inflation factor:
Since inflation is likely close to 6-8% on most things, sales volume actually decreases:
Grocery Store "A" 2015 Bread sales gross $306,000.00 / 2015 bread price of $3.18 (increased due to inflation) = 96,226 loaves of bread sold.
Notice the decline in sales volume of actual loaves of bread, notice in real life most people buy less due to inflation, notice yourself buying less?
Governments lie about inflation rates, neglect to factor real inflation rates into economic propaganda.
GDP growth rate (%) must exceed inflation rate (%) to have real economic growth. Fact is we've been in a shrinking economy / recession for years! The shrinking economy is what makes jobs scarce, what makes life tougher for all of us.
Also notice that the Bahamar deal has injected large sums into our GDP of late, a false boost, especially when one considers much of the money that has come in via Chinese funding the project, has gone right back to china via the China State Contractor.
Our economy is in a state of complete disaster, these political liars will never admit it, and the economist opinions you receive are all sugar coated lies to keep you thinking it's not so bad.
Isn't it hilarious that the Insurance industry is fearing that the government plan will cut into their profits. I suggest that we shouldn't care about them at all, insurance industry is a crooked industry just like the banks. They have the most expensive and best real-estate in any city, they have huge profits, and they rip you off. Notice how they love to know the value of your home or car, so they can charge you for insurance based on that value, the higher the value the more you pay for insurance. Yet when you have a claim , the first thing they do is tell you that you car isn't worth that much, the repairs on your house should not cost this much, or even more pathetically they tell you you are not covered for this "type or medical care". These rotten scoundrels deserve to go extinct..........
Shouldn't be coming as any surprise, an obvious thing, needing no brain matter to understand; the size of the "economic pie" is what it is, the more people taking slices off it, simply means the smaller the slices have to get.
VAT is obviously a big slice out of the pie, government implemented VAT to get a bigger piece of the action, that has to come from somewhere.
Note the real inflation rate people, is it 2,4,6,8 10%, what is it? One thing for certain is that when the inflation rate exceeds GDP growth, you have a shrinking economy, called recession, and we are in one, and have been now for several years.
Me thinks they dreamed up these 4 additions once their scam was exposed.
Odd that anyone would be fool enough to suggest a staff room and principals office , kitchen and cafeteria could be needed in a school with 9 students.
Me thinks they would have appeared smarter to just be thieves, this story makes them look 100% stupid now!
What a laugh, these idiot should do standup comedy, principals office, staff room etc etc, surprise they don't also need a stage to perform their routines.....
Why does no one discuss the fact that the deadline of Dec 2014 was missed.
Then the second opening in March (i believe) was missed.
We can be 100% certain the first deadline was missed due to the China contractors screw ups and being behind schedule. Even the chinese contractor can't dispute this.
As for the second scheduled opening, well the chinese contractor was already on a go slow work program, and seems at that point they were contesting their deal & payments from Baha Mar.
However, had the contractor, met their schedule, Baha Mar would have opened Dec 2014, and would not have entered into any cash crunch.
Knowing all that, why is there so much support for the chinese contractor?
Why is there so much opposition to Baha Mar's stance that the contractor must go?
Clearly this was the result of a strategy to break the developer, china and our government all part of the scam.
Izmerlian would have been up and running 9 months ago if it were not for this?
Makes you wonder about investing in anything here?
If the government really wanted to have this sorted out, and wasn't trying to undermine Sarkis, they would simply withdraw their winding up petition!
This may level the negotiation playing field for all concerned.
Obviously they have other motives.
When have you ever heard such BS about the "contractor" being so involved; especially when it was the contractors failure to meet schedule and quality that has created this whole situation.
It's taken months for those that are behind this to achieve this takeover. It didn't just come about in the last 45 days. Been in the works for at least 6 months.
Well played, but very devious and criminal in nature.
Chucky says...
Most of us who live on New Providence, don't go down town Nassau at night. I'm very careful all the time. The crime here is terrible. Tourists who stay at a hotel here with your young daughter, wil be lucky if she doesn't get raped by the hotel security or grounds keepers. Keep your wives, sisters and daughters safe if you come here, don't let them out of your sight, especially not at night. Also, most of this crime is either not reported to police, or if it is, it's deliberately kept out of the news. Read the travel blogs about Nassau, see what women say about how they get targeted. This place is not safe for women to be alone in public.
On Website names Bahamas as one of Caribbean's most dangerous cruise stops
Posted 10 October 2015, 9:28 a.m. Suggest removal
Chucky says...
What's with all the denials, we all know crime is way out of hand here? I for one do not go downtown Nassau anymore, unless I absolutely have to. I don't go out at night anymore unless I have to. We are to blame, our country is a mess. Our murder rate per capita is 10 times worse than that of USA.
Who you all trying to fool????
I wouldn't like it if the cruise lines stopped coming because it would severely hurt our economy, but I'd surely understand it if they said they weren't coming!!!!!
On Website names Bahamas as one of Caribbean's most dangerous cruise stops
Posted 10 October 2015, 8:04 a.m. Suggest removal
Chucky says...
Notice the interest rates are in the 3-4.25% range, at these rates your money won't keep pace with inflation.
When you get your money out, even with the interest paid, it won't buy as much as when you put it in!!
You'd have to have stolen the money, or have otherwise no where to put it to buy into this junk.
On Gov’t set to launch $100m BGS bonds
Posted 8 October 2015, 9:26 a.m. Suggest removal
Chucky says...
The truth about "growth" is most often lied about in the political propaganda......
The reality is that a 1.2% growth in GDP is actually a shrinking economy.
As an example of this fact, consider the following:
Grocery Store "A" sells 100,000 loaves of bread @ $3.00 in 2014, for a total gross sales volume of bread of $300,000.00.
In 2015 Grocery store "A" bread sales (gross) increases by 1.2% to $306,000.00, and increase to match GDP growth projected. Generally speaking sales across the board have to increase at the GDP growth rate to achieve the GDP growth.
But what's missing is the inflation factor:
Since inflation is likely close to 6-8% on most things, sales volume actually decreases:
Grocery Store "A" 2015 Bread sales gross $306,000.00 / 2015 bread price of $3.18 (increased due to inflation) = 96,226 loaves of bread sold.
Notice the decline in sales volume of actual loaves of bread, notice in real life most people buy less due to inflation, notice yourself buying less?
Governments lie about inflation rates, neglect to factor real inflation rates into economic propaganda.
GDP growth rate (%) must exceed inflation rate (%) to have real economic growth. Fact is we've been in a shrinking economy / recession for years! The shrinking economy is what makes jobs scarce, what makes life tougher for all of us.
Also notice that the Bahamar deal has injected large sums into our GDP of late, a false boost, especially when one considers much of the money that has come in via Chinese funding the project, has gone right back to china via the China State Contractor.
Our economy is in a state of complete disaster, these political liars will never admit it, and the economist opinions you receive are all sugar coated lies to keep you thinking it's not so bad.
On IMF slashes Bahamas 2015 growth to 1.2%
Posted 8 October 2015, 9:22 a.m. Suggest removal
Chucky says...
Isn't it hilarious that the Insurance industry is fearing that the government plan will cut into their profits.
I suggest that we shouldn't care about them at all, insurance industry is a crooked industry just like the banks. They have the most expensive and best real-estate in any city, they have huge profits, and they rip you off. Notice how they love to know the value of your home or car, so they can charge you for insurance based on that value, the higher the value the more you pay for insurance. Yet when you have a claim , the first thing they do is tell you that you car isn't worth that much, the repairs on your house should not cost this much, or even more pathetically they tell you you are not covered for this "type or medical care".
These rotten scoundrels deserve to go extinct..........
On Private sector fearing ‘extinction’ over NHI
Posted 30 September 2015, 7:35 a.m. Suggest removal
Chucky says...
Shouldn't be coming as any surprise, an obvious thing, needing no brain matter to understand; the size of the "economic pie" is what it is, the more people taking slices off it, simply means the smaller the slices have to get.
VAT is obviously a big slice out of the pie, government implemented VAT to get a bigger piece of the action, that has to come from somewhere.
Note the real inflation rate people, is it 2,4,6,8 10%, what is it? One thing for certain is that when the inflation rate exceeds GDP growth, you have a shrinking economy, called recession, and we are in one, and have been now for several years.
On ‘No doubt’ about retail sales drop
Posted 23 September 2015, 8:42 p.m. Suggest removal
Chucky says...
Me thinks they dreamed up these 4 additions once their scam was exposed.
Odd that anyone would be fool enough to suggest a staff room and principals office , kitchen and cafeteria could be needed in a school with 9 students.
Me thinks they would have appeared smarter to just be thieves, this story makes them look 100% stupid now!
What a laugh, these idiot should do standup comedy, principals office, staff room etc etc, surprise they don't also need a stage to perform their routines.....
On Rum Cay repairs to include four new structures
Posted 9 September 2015, 2:04 p.m. Suggest removal
Chucky says...
Why does no one discuss the fact that the deadline of Dec 2014 was missed.
Then the second opening in March (i believe) was missed.
We can be 100% certain the first deadline was missed due to the China contractors screw ups and being behind schedule. Even the chinese contractor can't dispute this.
As for the second scheduled opening, well the chinese contractor was already on a go slow work program, and seems at that point they were contesting their deal & payments from Baha Mar.
However, had the contractor, met their schedule, Baha Mar would have opened Dec 2014, and would not have entered into any cash crunch.
Knowing all that, why is there so much support for the chinese contractor?
Why is there so much opposition to Baha Mar's stance that the contractor must go?
Clearly this was the result of a strategy to break the developer, china and our government all part of the scam.
Izmerlian would have been up and running 9 months ago if it were not for this?
Makes you wonder about investing in anything here?
On Baha Mar opening ‘unlikely to be soon’
Posted 20 August 2015, 7:26 p.m. Suggest removal
Chucky says...
Mr Schaeffer is so right, the Bahamas is over.
Wait till a couple of rich folk out west get robbed in their homes, then we will see a mass exit.
On American Businessman considers leaving the Bahamas after business is robbed
Posted 19 August 2015, 1:58 p.m. Suggest removal
Chucky says...
If the government really wanted to have this sorted out, and wasn't trying to undermine Sarkis, they would simply withdraw their winding up petition!
This may level the negotiation playing field for all concerned.
Obviously they have other motives.
When have you ever heard such BS about the "contractor" being so involved; especially when it was the contractors failure to meet schedule and quality that has created this whole situation.
It's taken months for those that are behind this to achieve this takeover. It didn't just come about in the last 45 days. Been in the works for at least 6 months.
Well played, but very devious and criminal in nature.
On PM hoped Sarkis would ‘not allow resort to go’
Posted 19 August 2015, 1:51 p.m. Suggest removal