Nor interest. "Mother England" is only ever mentioned, in my experience, by people who cannot face the undeniable fact that all the failures from 73 to date are all exclusively ours and have nothing to do with anyone else.
I know little about cars but cannot for the life of me understand why a Honda Civic spare part for a car sold in US or Japan should be any different? Are they not identical?
Nothing to do with the "lighter hues", I can assure you. It's just that there are ZERO responses from "darker hues" to job adverts for such occupations. My guess is because they don't want to travel out west and the pay is lower and the work harder than in the state sector. But that is just my guess.
Spot on. Been trying to make people understand that no bona fide investor NEEDS a Bahamian passport. They would not know what to do with one if given it for free. Now, residence is a different matter entirely. But people seldom have enough knowledge to distinguish between the two.
This is not a case of having seen the thief. They have no idea who the thief is. So, if I have not seen the thief, I surely cannot be judge and jury. That is why we have Police, Prosecutors, Judges and Juries. You might be real, even free. But thinker you ain't.
Not sure I understand the logic of the firings. Surely the logical steps would be: 1/ Audit 2/ Present audit to Police & Prosecutor 3/ Police & Prosecutor decide who to prosecute 4/ Court case 5/ Verdict 6/ Guilty persons go to jail according to sentence 7/ Guilty people get fired This way you can get fired for fraud AND be found not guilty. Where is the logic in that?
Ask yourself when the "consequences" will appear and you have your answer. There are no short term consequences of any kind before bond maturity. And even that can be refinanced. Happy to run you through the numbers. unless BoB uses the new liquidity to go on a lending spree and the borrowers use the loans for imported consumption (which I cannot imagine they are that stupid), there will be ZERO effect on the B$/US$ exchange rate. By definition, if they are plugging a hole, they cannot use the funds to multiply the borrower base...but I guess anything is possible here.
@mudda, you seem quite a knowledgeable and sensible guy, so I am surprised you don't get it. The "rescue" is not going to cost the government a penny. Not now, anyway. Why? Exactly for the same reason that rescuing the financial system did not cost the US a single cent. It was done through Quantitative Easing. The US Treasury issued bonds and these bonds were bought by the Federal Reserve. That money was swapped for shares in the banks. Same gonna happen here. The government is going to issue B$ bonds, the Central Bank will buy them, the Treasury gonna put that money into BoB and get shares. You forget that the rescue is being done in B$s, not US$. So sit back, Google Quantitative Easing and enjoy. The problem has now been elegantly kicked into the long grass. The problem will arise when BoB pisses the money from the rescue away and the shares become worthless again, so the Government cannot sell them and get the money to pay back the CB. But that is yeaaarssss away. Problem for whoever wins the next election.
OldFort2012 says...
More proof, if any were needed, that if you want to do business in the Bahamas, you should have your head examined.
On BPL’s manager relationship in near disrepair
Posted 23 August 2017, 7:03 a.m. Suggest removal
OldFort2012 says...
Nor interest. "Mother England" is only ever mentioned, in my experience, by people who cannot face the undeniable fact that all the failures from 73 to date are all exclusively ours and have nothing to do with anyone else.
On ‘It’s time for ethical government - and to let England go’
Posted 22 August 2017, 9:02 a.m. Suggest removal
OldFort2012 says...
I know little about cars but cannot for the life of me understand why a Honda Civic spare part for a car sold in US or Japan should be any different? Are they not identical?
On Cheap Japanese car imports driving the industry down
Posted 21 August 2017, 3:29 p.m. Suggest removal
OldFort2012 says...
I am certainly not attempting to deceive anyone. I am narrating my own experience. If yours is different, so be it.
On Immigration immune from deficit cutbacks
Posted 18 August 2017, 1:53 p.m. Suggest removal
OldFort2012 says...
Nothing to do with the "lighter hues", I can assure you. It's just that there are ZERO responses from "darker hues" to job adverts for such occupations. My guess is because they don't want to travel out west and the pay is lower and the work harder than in the state sector. But that is just my guess.
On Immigration immune from deficit cutbacks
Posted 18 August 2017, 12:45 p.m. Suggest removal
OldFort2012 says...
Spot on. Been trying to make people understand that no bona fide investor NEEDS a Bahamian passport. They would not know what to do with one if given it for free. Now, residence is a different matter entirely. But people seldom have enough knowledge to distinguish between the two.
On Investor citizenship stays off the table
Posted 18 August 2017, 9:06 a.m. Suggest removal
OldFort2012 says...
This is not a case of having seen the thief. They have no idea who the thief is. So, if I have not seen the thief, I surely cannot be judge and jury. That is why we have Police, Prosecutors, Judges and Juries. You might be real, even free. But thinker you ain't.
On BPL fraud: More staff face sack
Posted 17 August 2017, 7:11 p.m. Suggest removal
OldFort2012 says...
Not sure I understand the logic of the firings. Surely the logical steps would be:
1/ Audit
2/ Present audit to Police & Prosecutor
3/ Police & Prosecutor decide who to prosecute
4/ Court case
5/ Verdict
6/ Guilty persons go to jail according to sentence
7/ Guilty people get fired
This way you can get fired for fraud AND be found not guilty. Where is the logic in that?
On BPL fraud: More staff face sack
Posted 17 August 2017, 11:37 a.m. Suggest removal
OldFort2012 says...
Ask yourself when the "consequences" will appear and you have your answer. There are no short term consequences of any kind before bond maturity. And even that can be refinanced. Happy to run you through the numbers. unless BoB uses the new liquidity to go on a lending spree and the borrowers use the loans for imported consumption (which I cannot imagine they are that stupid), there will be ZERO effect on the B$/US$ exchange rate. By definition, if they are plugging a hole, they cannot use the funds to multiply the borrower base...but I guess anything is possible here.
On Turnquest: We can turn Bank of The Bahamas around
Posted 15 August 2017, 2:40 p.m. Suggest removal
OldFort2012 says...
@mudda, you seem quite a knowledgeable and sensible guy, so I am surprised you don't get it. The "rescue" is not going to cost the government a penny. Not now, anyway. Why? Exactly for the same reason that rescuing the financial system did not cost the US a single cent. It was done through Quantitative Easing. The US Treasury issued bonds and these bonds were bought by the Federal Reserve. That money was swapped for shares in the banks. Same gonna happen here. The government is going to issue B$ bonds, the Central Bank will buy them, the Treasury gonna put that money into BoB and get shares. You forget that the rescue is being done in B$s, not US$. So sit back, Google Quantitative Easing and enjoy. The problem has now been elegantly kicked into the long grass. The problem will arise when BoB pisses the money from the rescue away and the shares become worthless again, so the Government cannot sell them and get the money to pay back the CB. But that is yeaaarssss away. Problem for whoever wins the next election.
On Turnquest: We can turn Bank of The Bahamas around
Posted 15 August 2017, 11:51 a.m. Suggest removal