You are correct in your analysis of the competency of our discourse and debate in this country. It has become a battle of the loudest noise between the empty barrels. We cannot disagree without being disagreeable. All the while our children are leaving school every year by the thousands and cannot find any jobs. What do we as a society expect these children to do after being out of school two, three, four and five years and unable to find a job.

Boy you and Reality your alter-ego getting desperate. They must be paying you good for you to put pen to paper for such nonsensical and inscrutable gibberish. Please go and educate yourself on the definition of money laundering.

How has our banking system been disrupted? Is it not enough that 2% of you conchjoe fellas control 85% of the bankable assets in this country? Why, without any evidence, do you continue to overtly call these black men criminals without also calling the above 2% the same. I believe in the rule of law, but the rule of law also states that a person is innocent until proven guilty. It is the institutional economy disenfranchisement of average Bahamians for over 100 years by this 2% combined with the banks discriminatory practices, unwillingness to re-invest in the Bahamas and poor strategic and management decisions that have disrupted our domestic banking system and led to such inhumane economic inequality that it now threatens our entire economy. At least these guys are re-investing in the Bahamas, something that cannot be said about the 2% that own 85% of our country. They must pay you very handsomely.

Utter nonsense purely for public PR. Competition is the endogenous sustainable solution that rewards innovation, punishes poor management, transfers the greatest value to consumers and provides the greatest GDP impact. These supposedly banking giants talking about they cannot compete is like a big strapping man crying crocodile tears and throwing an emotional temper tantrum while complaining about a two year old baby taking his candy. With such inept financial institutions in our country, no wonder we cannot compete on the world stage. Silly season.

By the way please explain how they are engaging in money laundering?

Similarly your irrational insistence on calling these guys criminal without any credible evidence also points to your bread being buttered undoubtedly by forces who believe 1% of the population should continue to control 90% of the wealth in this country.

"If​ ​banks​ ​have​ ​no​ ​deposits,​ ​then​ ​they​ ​exit​ ​communities" says Mr Bowe. When I first read this statement I thought it was a joke. But then I read in another article where Mr. Bowe claims to have a degree in economics. Well, all I can say is that if he has a degree in economics then he must have missed the semester when they offered Econ 101. Mr. Bowe for the record banks do not make money from deposits, in fact deposits attract a carrying costs for banks. Banks make money from the spread earned on loans compared to the costs of their deposits.

I can explain to you exactly what that mean and why your statement is mischievously and patently false especially in light of the record levels of liquidity held by most of these banks but I suspect you already know and your article was merely a paid propaganda response to the factual observations of Mr. Simms from the Chamber of Commerce stating the the foreign commercial banks have fallen down with respect to the Family Islands.

Instead of being offended by objective facts which are obviously uncomfortable for you for whatever reason, please explain and refute the demonstrably accurate statement below from Mr. Simms:

"You’re dealing with a cash society that has always been so, yet the banks are pulling out in 60 to 90 days,” Mr Simms told Tribune Business. “How does that work?

#“If I’ve been cash all my existence, how does that work? You have a society with a lot of cash holdings, nowhere to put it. Do you have to jump on a plane to Nassau? How do you conduct your transactions without a bank present? How do you bank?”

This is utter and complete nonsense based on wholly fake news and unsupported by any facts or economic theory. The commercial banks pay less than 1% interest on deposits and in fact Royal Bank is charging customers to deposit their money which is a negative interest rate. The same banks charge 12% on average for lending money, an incredible interest rate margin of 11%. These banks have over $7 billion of deposits from which to lend. Therefore, these banks are lending other peoples money (depositors) at an 11% interest margin and they cannot earn the required rate of return or compete with persons , who if they are lending would have to do so from their own equity. Beyond silly stuff and utter fake news. That's our problem, instead of you guys picking up an econ book you just trying to sound intelligent saying stupid stuff which is very dangerous.

But does that make it right?