Comment history

ExposedU2C says...

Government is at the moment able to take advantage of our exchange control regime and the fact that credit risk in the domestic economy is now so bad that the domestic banks, insurance companies, pension funds, the national insurance fund, and so on, have limited longer term investment and lending opportunities. But this comes at a great cost that manifests itself in weakened balance sheets and diminished earnings of financial institutions, pension funds, etc., accompanied by a debasing of the Bahamian currency and higher inflation. Necessary longer term planning is also seriously jeopardised for both the issuer (the government) and the investors as the long duration debt instruments mature and are replaced with much shorter duration debt instruments.

ExposedU2C says...

Yes, but let's not foolishly forget that the most sinister and evil existential threat to The Bahamas and many other nations today is the ChiComs.

ExposedU2C says...

Amen!

ExposedU2C says...

What was done here is unconstitutional in the same way that corrupt PLP government in the past forgave delinquent student loans for a subset of politically favoured students and their parents. Corrupt PLP governments have a well established track record of robbing Peter to pay Paul because they wrongly believe they have the right to pick the winners and losers in our society.

ExposedU2C says...

> However, Office of the Prime Minister Director of Communications Latrae Rahming said yesterday that Mr Davis will address “historical challenges and legacy issues” that plague Bahamians.

Rahming seems unaware that our "historical and legacy issues" are for the most part attributable to decades of incompetence, waste, fraud, and outright theft by corrupt and greedy politicians and their favoured friends that constitute the political ruling class at the highest levels of the PLP organisation.

The current most corrupt and grossly incompetent Davis led PLP government is a continuation of the PLPs failed progressive social and economic policies dating all the way back to SLOP that have brought the vast majority of the Bahamian people to their knees with little hope if any of a better tomorrow.

On ‘Cut taxes’ plea from business

Posted 28 May 2024, 6:12 p.m. Suggest removal

ExposedU2C says...

pintard is doing nothing here but blowing hot air.

bahamians who will be voting in the next general election are not the least bit interested in hearing about what pintard wishes davis would do about these most alarming revelations because they know full well the implicated davis intends to do nothing about them.

what bahamian voters want from pintard is an unequivocal commitment that if he becomes the next pm, he will do everything in his power to ensure a full, proper, and impartial investigation of the apparent criminal offenses is timely undertaken so that those who have broken our laws can face jury trials of their peers. and that means real trials and not the kangaroo court kind before a single judge with no jury.

the fnm will not be getting my vote and the votes of my many family members and close friends if pintard refuses to make this commitment sooner rather than later.

ExposedU2C says...

I believe my position on this most nasty, arrogant, wicked, evil, cruel, authoritarian, and demonic tyrant is well known.

The good people of Killarney need to do the right thing and never again support this very disgusting and egocentric monster even if it means the FNM end up with one less seat in parliament come the next general election.

Minnis has absolutely no remorse whatsoever for the many unnecessary deaths his gross incompetence caused during the immediate aftermath of Hurricane Dorian and in the throes of the COVID pandemic.

And what the $200+ million this buffoon had flushed down the Grand Lucayan Property toilet before losing the last general election?! The complete waste of that money only served to greatly increase our national debt.

On Minnis: I'm not quitting race

Posted 27 May 2024, 5:10 p.m. Suggest removal

ExposedU2C says...

Trustee/CEO John Ray and the Delaware Bankruptcy Court are going to regret not insisting these properties be sold by way of a carefully thought out auction process in order to ensure maximum value is realised for the creditors of the FTX group.

And pray tell, what do Dumbo Michael Halkitis and Simple Simon Wilson propose to do in order to ensure all of the unpaid real property tax owing on these high-end properties is collected for the public purse?

ExposedU2C says...

We need many more Bahamian engineers and much fewer Bahamian lawyers, especially the kind of lawyers who have little business sense and decide to become politicians make their nests. The elderly among us remember when BEC and batelco were efficiently run, profitable, and customer focused enterprises that were the envy of our region.. Back then these enterprises employed many well educated and trained Bahamians with pride in their work ethic and ability to serve the people.

Unfortunately all of that went out the door when SLOP and the PLP hierarchy decided dumbing down successive generations of Bahamians was their only way to preserve political power. Upon obtaining majority rule, SLOP and the PLP hierarchy wasted no time in starving our public education system of the funds and foreign teachers it needed to ensure new Bahamian engineers and other skilled Bahamian workers would eventually exist to replace those who retired.

Today we sorely lack well educated and trained Bahamians in many diverse technical fields because so few are willing to accept the type of government interference that goes on at SOEs by clueless lawyers who decided to become politicians to feather their own nests. The fraternity of corrupt politicians is also responsible for the harmful brain drain our country has been experiencing for decades.

Too many young Bahamians get an excellent education abroad in the STEM subjects and then decide to live abroad because they simply do not want their careers in their chosen fields interfered with or ended abruptly by corrupt politicians who are clueless about what's best for our nation and seem hell-bent in destroying it for their own personal gain and political survival at any cost.

Until we get the crooks out of politics, they and their cronies, both foreign and local, will feast on the PPP model of feeding our SOEs to the local and foreign business vultures who will pry every copper they can from the pockets of Bahamians. Affordable electricity, potable water, communication, etc. are vital to our people, our country's overall productivity, and our national security interests. These types of products and services should not be in the hands of profit hungry people in the private sector who will defeat whatever regulations are put in place to protect the Bahamian public.

ExposedU2C says...

The ChiComs have enslaved millions of Africans by the devious and hideous use of their now well honed debt trap aimed at seizing control of nations with mineral resources or other strategic assets such as sea ports at key choke points for shipping traffic. They are now employing the same debt trap tactics right under the belly of US in the western hemisphere. Ignorance is only bliss for those who do not understand, or decide to ignore, the harsh reality of what is occurring with the help of duped and/or bribed political leaders all over the world.

And "Yes", the US government and its greedy corporate partners have a long history of exploiting other nations whenever they can to get whatever they want. But the sinister and evil ChiComs are driven by an overriding goal that makes their seizure and control of other nations many orders of magnitude worse than the US government and its corporate partners could ever be.

On FTX’s $675k link to govt officials

Posted 27 May 2024, 2:59 p.m. Suggest removal