And what about the election campaign finance reform that we so desperately need to offer protection from corrupt political leaders who serve their financial backers to the detriment of the Bahamian people. The people need protection from the likes of the greedy Snake and that other scum bag Sebas Bastian.
Most D- educated Bahamians will not be able to connect the dots here. This 50% VAT cut on food items is an act of desperation by a bankrupt government that only now clearly sees and fears the massive civil unrest looming on the horizon for The Bahamas.
We import nearly all of our food items which means this VAT cut will have an enormous adverse impact on the tax revenues collected by government. This in turn will increase the need for government to borrow thereby increasing our already unsustainable national debt. The government (our central bank) will be forced to printed more Bahamian dollars in an effort to plug the hole in our country's Bahamian dollar denominated finances.
And printing more fiat currency through the issuance of Bahamian dollar denominated debt by pressuring domestic banks, domestic insurers, domestic investment companies and domestic pension plan administrators to buy/invest in the new debt issues, i.e. treasury bills, threatens to destabilize our domestic economy in a most serious way........not to mention the increased inflationary effects of government simply printing more Bahamian dollars to fill a gaping hole created by its desperate fiscal policy measures to avoid massive civil unrest. Yup, I suspect few Bahamians are able to see the bigger picture here.
At one time the usury rate was any effective rate set at more than 10% per annum. Today these greedy lenders of consumer loans charge upwards of 13% or more with 'add on fees' to boot taking the effective interest rate even much higher.
Communist China is currently engaged in dumping these cheap, unreliable and fast depreciating (deteriorating) vehicles on our small nation. And they are doing the same thing in many other countries around the world because of their huge over manufacturing capacity that is causing serious economic problems for China and their partnering nations like Mexico.
Our nation is soon going to be awash with dilapidated and abandoned EV vehicles and the deadly effects of their highly toxic lithium batteries as they accumulate in private scrap yards and our public dump sites. Our water table on New Providence is already all but destroyed.
These auto dealers and their silent business partners in government have no shame for the environmental damage being caused to our nation by these vehicles while they market their deadly products as being environmentally friendly. What an effem' joke!
Rupert Pinder is a waffling cerebral academic who knows full well that what he is arguing for here can only be accomplished by the Central Bank and Minister of Finance imposing a cap on the interest rates charged by commercial banks for consumer loans.
The interest rates and realted fees currently being charged on consumer loans are usurious to say the least and should not be allowed.
Our Central Bank Governor (John Rolle) and Minister of Finance (PM Davis) should be ashamed of themselves for allowing the commercial banks to pay pittance interest on their customers' deposits while charging consumer borrowers outrageously exorbitant interest on their loans.
The Symonette family, Rupert Roberts and others like them continue to mint great personal wealth through their ownership of Commonwealth Bank by literally raping that bank's customers, whether they be depositors or borrowers. And of course the same goes for the so called Canadian banks.
Our Central Bank Governor and Minister of Finance are now much too dependent on these greedy commercial banks providing the government with credit facilities and investing in Bahamas government debt instruments, e.g. treasury bills, to stop them from their unabashed raping of both their depositors and borrowers. Talk about disgusting!
ExposedU2C says...
LMAO
On Knowles says ‘much more work to be done’ in voice note probe
Posted 9 January 2025, 4:57 p.m. Suggest removal
ExposedU2C says...
And what about the election campaign finance reform that we so desperately need to offer protection from corrupt political leaders who serve their financial backers to the detriment of the Bahamian people. The people need protection from the likes of the greedy Snake and that other scum bag Sebas Bastian.
On Bar president criticises govt over delays in full FOIA implementation
Posted 9 January 2025, 4:56 p.m. Suggest removal
ExposedU2C says...
Most D- educated Bahamians will not be able to connect the dots here. This 50% VAT cut on food items is an act of desperation by a bankrupt government that only now clearly sees and fears the massive civil unrest looming on the horizon for The Bahamas.
We import nearly all of our food items which means this VAT cut will have an enormous adverse impact on the tax revenues collected by government. This in turn will increase the need for government to borrow thereby increasing our already unsustainable national debt. The government (our central bank) will be forced to printed more Bahamian dollars in an effort to plug the hole in our country's Bahamian dollar denominated finances.
And printing more fiat currency through the issuance of Bahamian dollar denominated debt by pressuring domestic banks, domestic insurers, domestic investment companies and domestic pension plan administrators to buy/invest in the new debt issues, i.e. treasury bills, threatens to destabilize our domestic economy in a most serious way........not to mention the increased inflationary effects of government simply printing more Bahamian dollars to fill a gaping hole created by its desperate fiscal policy measures to avoid massive civil unrest. Yup, I suspect few Bahamians are able to see the bigger picture here.
On 5% VAT cut on all food items
Posted 9 January 2025, 4:42 p.m. Suggest removal
ExposedU2C says...
At one time the usury rate was any effective rate set at more than 10% per annum. Today these greedy lenders of consumer loans charge upwards of 13% or more with 'add on fees' to boot taking the effective interest rate even much higher.
On Put ‘all cards on table’ over banking reforms
Posted 7 January 2025, 3:13 p.m. Suggest removal
ExposedU2C says...
Who can afford any kind of insurance anymore?
I remember my grandfather saying that holding a license to sell insurance is the equivalent of holding a license to steal.
On Nine-month loss for Bahamas First
Posted 7 January 2025, 3:02 p.m. Suggest removal
ExposedU2C says...
The IDB is so compromised that no one really gives a flying hoot anymore about whatever it is they have to say about anything.
On Bahamas behind region in economy performance
Posted 7 January 2025, 2:53 p.m. Suggest removal
ExposedU2C says...
Communist China is currently engaged in dumping these cheap, unreliable and fast depreciating (deteriorating) vehicles on our small nation. And they are doing the same thing in many other countries around the world because of their huge over manufacturing capacity that is causing serious economic problems for China and their partnering nations like Mexico.
Our nation is soon going to be awash with dilapidated and abandoned EV vehicles and the deadly effects of their highly toxic lithium batteries as they accumulate in private scrap yards and our public dump sites. Our water table on New Providence is already all but destroyed.
These auto dealers and their silent business partners in government have no shame for the environmental damage being caused to our nation by these vehicles while they market their deadly products as being environmentally friendly. What an effem' joke!
On Auto dealer in $500k investment despite ‘saturation’ concerns
Posted 7 January 2025, 2:46 p.m. Suggest removal
ExposedU2C says...
Rupert Pinder is a waffling cerebral academic who knows full well that what he is arguing for here can only be accomplished by the Central Bank and Minister of Finance imposing a cap on the interest rates charged by commercial banks for consumer loans.
The interest rates and realted fees currently being charged on consumer loans are usurious to say the least and should not be allowed.
Our Central Bank Governor (John Rolle) and Minister of Finance (PM Davis) should be ashamed of themselves for allowing the commercial banks to pay pittance interest on their customers' deposits while charging consumer borrowers outrageously exorbitant interest on their loans.
The Symonette family, Rupert Roberts and others like them continue to mint great personal wealth through their ownership of Commonwealth Bank by literally raping that bank's customers, whether they be depositors or borrowers. And of course the same goes for the so called Canadian banks.
Our Central Bank Governor and Minister of Finance are now much too dependent on these greedy commercial banks providing the government with credit facilities and investing in Bahamas government debt instruments, e.g. treasury bills, to stop them from their unabashed raping of both their depositors and borrowers. Talk about disgusting!
On Put ‘all cards on table’ over banking reforms
Posted 7 January 2025, 2:14 p.m. Suggest removal
ExposedU2C says...
LMAO
On RBDF ship returns from Haiti deployment for repairs
Posted 7 January 2025, 12:12 a.m. Suggest removal
ExposedU2C says...
Gaslighting.
On Union to fight against Vybz Kartel concert
Posted 7 January 2025, 12:11 a.m. Suggest removal