This is nothing but modern day colonialism. The foreign investors are likely the very countries who want a military advantage to being close to the USA. When (not if) The Bahamas defaults on these loans, the foreign power will then gain control of the country much like how a bank will foreclose and claim ownership on a home if the homeowner cannot pay the mortgage. I told my husband 3 months ago that this very thing (loans with high interests that cannot be repaid) would happen.
MiShelly says...
This is nothing but modern day colonialism. The foreign investors are likely the very countries who want a military advantage to being close to the USA. When (not if) The Bahamas defaults on these loans, the foreign power will then gain control of the country much like how a bank will foreclose and claim ownership on a home if the homeowner cannot pay the mortgage. I told my husband 3 months ago that this very thing (loans with high interests that cannot be repaid) would happen.
On Bahamas pays high price over $600m offering
Posted 15 October 2020, 1:24 p.m. Suggest removal