Welcome to the real world. If the US close LPIA preclearance after the Chinese have purchased Atlantis then the 4th July fireworks won’t be needed, rather Mao Bibles.
The foreign reserves are borrowed at high cost. The net foreign reserves are negative. Otherwise The Bahamas would not receive US$ at rates below 12% per annum meaning considering The Bahamas a high default risk. Venezuela is stronger as they have hard assets. Aragonite and Casinos and web shops aren’t enough and sugarcoating by the administration won’t impress Moody’s. Ultimately the IMF will take over by 2024 latest, year 51 after independence.
If true that the IMF gave this advice it’s the best way to avoid global default by shifting debts to the domestic capital markets. Next step is B$ devaluation and problem resolved on account of local economy. Another 5 years gained, local financial institutions will be illiquid but nobody cares, capital markets gone. IMF is brilliant‼️⁉️ yes/no⁉️
Maximilianotto says...
Welcome to the real world. If the US close LPIA preclearance after the Chinese have purchased Atlantis then the 4th July fireworks won’t be needed, rather Mao Bibles.
On Fourth of July fireworks are a farce
Posted 5 July 2023, 7:52 p.m. Suggest removal
Maximilianotto says...
Isn’t the real plan to tear down the Melia and build 20-story luxury condos? That’s more profit than high operating costs of another 700 rooms ‼️
On Gov't considers plan for Melia reopening
Posted 5 July 2023, 7:47 p.m. Suggest removal
Maximilianotto says...
The foreign reserves are borrowed at high cost. The net foreign reserves are negative.
Otherwise The Bahamas would not receive US$ at rates below 12% per annum meaning considering The Bahamas a high default risk. Venezuela is stronger as they have hard assets. Aragonite and Casinos and web shops aren’t enough and sugarcoating by the administration won’t impress Moody’s. Ultimately the IMF will take over by 2024 latest, year 51 after independence.
On Reserves hit $2.9bn on Gov’t borrowing boost
Posted 5 July 2023, 7:41 p.m. Suggest removal
Maximilianotto says...
Finally clear who has the say here - and new US embassy is well staffed to take over if needed.
On USS Wasp arrives to celebrate The Bahamas’ 50th Indepedence
Posted 1 July 2023, 5:11 p.m. Suggest removal
Maximilianotto says...
Only .€1 m? Mr.Ray will find more much more she cashed….
On FTX says ex-official got $1m bonus for permits
Posted 28 June 2023, 11:35 a.m. Suggest removal
Maximilianotto says...
Only $1 m cashed from FTX? Apparently missing some digits 🤣🤣🤣
On FTX’s Bahamas attorney quiet on $1m ‘bonus’ claim
Posted 28 June 2023, 11:33 a.m. Suggest removal
Maximilianotto says...
And which was the Bahamian bank? Out West at a roundabout?
On FTX says ex-official got $1m bonus for permits
Posted 27 June 2023, 10:52 a.m. Suggest removal
Maximilianotto says...
Is this the lady lawyer who did all FTX property transactions?
On FTX says ex-official got $1m bonus for permits
Posted 27 June 2023, 10:45 a.m. Suggest removal
Maximilianotto says...
If true that the IMF gave this advice it’s the best way to avoid global default by shifting debts to the domestic capital markets. Next step is B$ devaluation and problem resolved on account of local economy. Another 5 years gained, local financial institutions will be illiquid but nobody cares, capital markets gone. IMF is brilliant‼️⁉️ yes/no⁉️
On Gov’t warned: Don’t dictate how private sector invests
Posted 15 June 2023, 1:55 p.m. Suggest removal
Maximilianotto says...
A complex matter the courts should decide.
On Royal Caribbean wants rapid Crown Land lease adjustment
Posted 13 June 2023, 6:23 p.m. Suggest removal