When there is risk of a currency devaluation governments may seek to borrow money in foreign currency. Another reason for foreign borrowings is governments may want to flaunt its ability to attract funds in the foreign market as a means of saying ‘despite our ratings and despite the threats of ratings being lowered even more, we can still get good rates in international markets. And another tricky situation is where governments may be forced to overlook local markets and go into the foreign markets by the same people who are threatening to reduce their credit rating. They may find themselves having to pay a point or more for their borrowing but it comes with the guarantee, implied or otherwise that once you borrow from us, we shall and we will keep your credit rating intact. And yes, as was said before international credit rating agencies and lending institutions are loaded with corruption and collusion and if you don’t want doors slammed in your face you have to learn to keep the door ajar with the toe of your shoes. Not many years ago one of these agencies visited Nigeria and after doing investigations and studies made a plan and proposal to the president of that country. Here’s what was needed to be done to improve the lives of the Nigerian people, here’s how much it will cost, and yes we have our people lined up to give you the necessary loans. The proposals were reviewed. And the president thanked the agency and agreed to implement most of the proposals. But to the offer for loans the president said, ‘No Thank You. We have a lot of oil money and we will use that to develop Nigeria.” The president died shortly after that of a mysterious disease and in a foreign country. And go check now to see how much the debt of that country has increased since then, despite still being rich in natural resources like oil. So they put a financial grip on your assets.
This saga has really been too ongoing to not have been resolved by now. Why exactly did Brent Symnonette stop the preparation of the old Independence Shopping Center and what advantages does his delipadated town center Mall offer over that location? Also when does he propose to have the mall ready for occupancy.
Then who is to say all the persons on the ship got off at one location. Usually they are forced to jump overboard and swim to shore. This may have been done on the south eastern side of the island. And then the high winds pushed the vessel further west and further north and into the arms of the defense force base.
Human smuggling is no five and dime operation. Follow the money trail and see whose hands have fresh green ink on them. The Haitians are, for the most part, victims in this situation. Unfortunately the country cannot continue to accommodate them and the cost of repatriation is expensive. Need to find the smugglers and hit them with heavy fines to help cover the cost of sending their undocumented cargo back home.
Minnis needs to station Customs, Immigration and boarder patrol in those water entrances to Lyford Cay and Old Fort Bay and see what is uncovered. Not only contraband and illegals,but the government revenue will definitely increase
So now the rednecks are climbing out of the closet. With all of its resources and over 2 centuries of independence look what America has for president. A country that still wants to hold its black population in slavery and deny their basic human rights, despite that country going around they world and claiming to fight for those same rights. And the drugs that passed through the Bahamas and left suitcases full of hundred dollar bills went where? And exactly what is the D average? It is your ignorance that causes you to not understand it. Two completely different grading systems, one comprehensive and the other objective. Oldfart: If Black Bahamians were dumb and ignorant as your racist ignorance would have you believe why do more than 50% of Black Bahamians going off to colleges around the world excel in the Top quadrant of their graduation class? This is exactly what’s wrong with the Bahamas. Rednecks like you live and dream of Bahamians failing only because those that run the country are black and you and your kind cannot get your grubby hands on the reins of power. Secondly this is why I don’t agree with Minnis changing the requirements for citizenship. For hate filled people like you to ‘create ‘ Bahamians in Old Fort and elsewhere and steal the birthrights of the real Bahamian people. That’s why you are deposed from your own country in any event.
Since you want to pull the race card and blame Blacks first r poor management: Up until 1992 the Bahamas had a debt to GDP of 26%. This means that under the Pindling era the country owed $26.00 for every $100.00 it was earning. Today the Bahamas owes $76’pp for every $100.00 it earns and. While it hype debt to earnings has tripled post Pindling is is still less than the debt to GDP of The USA, China, Canada , Singapore and Jamaica that has a debt to gdp of 106%. Yes Jamaica is earning less than it owes and in a dangerous financial state. Remember Greece was in a similar situation and Puerto Rico was declared bankrupt just prior to being hit be hurricanes. The biggest problem in the Bahamas is not really it’s appet for borrowing, but it’s abi to manage its funds properly and to get value for money. Then there are millions due to the country that are not being collected.
John says...
and not to forget those who reside in Old fort bay and Lyford Cay and parts of the Abacos
On Missing migrants ‘had help ashore’
Posted 14 November 2017, 5:14 p.m. Suggest removal
John says...
When there is risk of a currency devaluation governments may seek to borrow money in foreign currency. Another reason for foreign borrowings is governments may want to flaunt its ability to attract funds in the foreign market as a means of saying ‘despite our ratings and despite the threats of ratings being lowered even more, we can still get good rates in international markets. And another tricky situation is where governments may be forced to overlook local markets and go into the foreign markets by the same people who are threatening to reduce their credit rating. They may find themselves having to pay a point or more for their borrowing but it comes with the guarantee, implied or otherwise that once you borrow from us, we shall and we will keep your credit rating intact. And yes, as was said before international credit rating agencies and lending institutions are loaded with corruption and collusion and if you don’t want doors slammed in your face you have to learn to keep the door ajar with the toe of your shoes. Not many years ago one of these agencies visited Nigeria and after doing investigations and studies made a plan and proposal to the president of that country. Here’s what was needed to be done to improve the lives of the Nigerian people, here’s how much it will cost, and yes we have our people lined up to give you the necessary loans. The proposals were reviewed. And the president thanked the agency and agreed to implement most of the proposals. But to the offer for loans the president said, ‘No Thank You. We have a lot of oil money and we will use that to develop Nigeria.” The president died shortly after that of a mysterious disease and in a foreign country. And go check now to see how much the debt of that country has increased since then, despite still being rich in natural resources like oil. So they put a financial grip on your assets.
On Gov’t ‘increasing risk’ via $800m borrowing
Posted 14 November 2017, 4:53 p.m. Suggest removal
John says...
This saga has really been too ongoing to not have been resolved by now. Why exactly did Brent Symnonette stop the preparation of the old Independence Shopping Center and what advantages does his delipadated town center Mall offer over that location? Also when does he propose to have the mall ready for occupancy.
On Post Office staff: We need new HQ - now
Posted 14 November 2017, 2:53 p.m. Suggest removal
John says...
Then who is to say all the persons on the ship got off at one location. Usually they are forced to jump overboard and swim to shore. This may have been done on the south eastern side of the island. And then the high winds pushed the vessel further west and further north and into the arms of the defense force base.
On Missing migrants ‘had help ashore’
Posted 14 November 2017, 2:44 p.m. Suggest removal
John says...
Human smuggling is no five and dime operation. Follow the money trail and see whose hands have fresh green ink on them. The Haitians are, for the most part, victims in this situation. Unfortunately the country cannot continue to accommodate them and the cost of repatriation is expensive. Need to find the smugglers and hit them with heavy fines to help cover the cost of sending their undocumented cargo back home.
On Missing migrants ‘had help ashore’
Posted 14 November 2017, 2:41 p.m. Suggest removal
John says...
Wow they must have read the comments..Look on the business section of *The Tribune* today.
On Fidelity targets 10 per cent profit rise for 2018
Posted 14 November 2017, 9:04 a.m. Suggest removal
John says...
And don’t forget to check the luggage coming in at Odessy Airport. Persons bring 5 and 6 suitcases for a weekend visit?
On Govt seeking new $800m foreign loan
Posted 14 November 2017, 7:27 a.m. Suggest removal
John says...
Minnis needs to station Customs, Immigration and boarder patrol in those water entrances to Lyford Cay and Old Fort Bay and see what is uncovered. Not only contraband and illegals,but the government revenue will definitely increase
On Govt seeking new $800m foreign loan
Posted 14 November 2017, 7:23 a.m. Suggest removal
John says...
So now the rednecks are climbing out of the closet. With all of its resources and over 2 centuries of independence look what America has for president. A country that still wants to hold its black population in slavery and deny their basic human rights, despite that country going around they world and claiming to fight for those same rights. And the drugs that passed through the Bahamas and left suitcases full of hundred dollar bills went where? And exactly what is the D average? It is your ignorance that causes you to not understand it. Two completely different grading systems, one comprehensive and the other objective. Oldfart: If Black Bahamians were dumb and ignorant as your racist ignorance would have you believe why do more than 50% of Black Bahamians going off to colleges around the world excel in the Top quadrant of their graduation class? This is exactly what’s wrong with the Bahamas. Rednecks like you live and dream of Bahamians failing only because those that run the country are black and you and your kind cannot get your grubby hands on the reins of power. Secondly this is why I don’t agree with Minnis changing the requirements for citizenship. For hate filled people like you to ‘create ‘ Bahamians in Old Fort and elsewhere and steal the birthrights of the real Bahamian people. That’s why you are deposed from your own country in any event.
On Govt seeking new $800m foreign loan
Posted 14 November 2017, 7:18 a.m. Suggest removal
John says...
Since you want to pull the race card and blame Blacks first r poor management: Up until 1992 the Bahamas had a debt to GDP of 26%. This means that under the Pindling era the country owed $26.00 for every $100.00 it was earning. Today the Bahamas owes $76’pp for every $100.00 it earns and. While it hype debt to earnings has tripled post Pindling is is still less than the debt to GDP of The USA, China, Canada , Singapore and Jamaica that has a debt to gdp of 106%. Yes Jamaica is earning less than it owes and in a dangerous financial state. Remember Greece was in a similar situation and Puerto Rico was declared bankrupt just prior to being hit be hurricanes. The biggest problem in the Bahamas is not really it’s appet for borrowing, but it’s abi to manage its funds properly and to get value for money. Then there are millions due to the country that are not being collected.
On Govt seeking new $800m foreign loan
Posted 14 November 2017, 12:14 a.m. Suggest removal