Comment history

banker says...

The public is too dense and afraid to understand the required structural reforms, and they will not politically support anyone who is brave enough to try it. Why? My Bahamian brothers and sisters do not believe in the future anymore. They do not intrinsically believe that it will get any better than their present experience. It may be shiite now, but it een gern get any better than it is now.

Bahamians intrinsically know that they are living in an economic dead end. When the biggest employer is the service industry in tourism, you know that you ain't in a breadbasket industry. They haven't been educated with skills that allows them to participate in any kind of knowledge industries. There is no diversity of jobs. The whole country lives off of Foreign Direct Investment, hoping some sugar daddy decides to blow some of his money here instead of somewhere else.

Huge structural reforms ARE needed. But unfortunately the politicians do not know which ones are required, or how to do it, and their egos are too big to admit it.

banker says...

I agree with everything that you say. But taking personal responsibility comes only after folks who are positively socialised AND are not disenfranchised.

With the vast majority of Bahamian children raised in single-parent, multiple-father families of step-brothers & sisters, and Mama working trying to support them all, it is a tough row to hoe.

We have several lost generations that think that violence is the first tool in the arsenal when getting into a conflict with a neighbour. Overcoming this kind of value-programming is impossible to human biases. Once formed they cannot be broken. Look at all of the PLP supporters here, who know in their heart of all hearts that the PLP is a criminal gang filled with human trash in its history, and yet they are still staunch supporters against all reason and logic. We have a long way to go before we reach any sort of human enlightenment based on rationality in the Bahamas.

On Singer Mdeez believed to be murder victim

Posted 23 June 2019, 11:44 a.m. Suggest removal

banker says...

Sigh, to make Bahamians suitable for Fintech, they have to be immersed in STEM (Science, Technology, Engineering, Mathematics) from a very early age. Kids in primary schools in Canada in the USA have robotics classes and coding classes. Our education system is too deficient to future-proof ourselves, and the government hasn't a clue to what it takes.

Here is what the government needs. They need to hire a CIO, a Chief Information Officer to lecture them on emergent technology and how to make wise decisions on how to buy technology and what policies they need to follow to create a better tech society. Instead they think that they are the fount of all wisdom when in fact they don't know their azzes from a hole in the ground.

banker says...

You can't make a silk purse out of a sow's ear. The industry is rife with thugs, druggies and playas. Need to start with a fresh batch.

banker says...

This is so stupid that it is almost laughable. Kwasi says that he is focusing on artificial intelligence. Last year it was blockchain. It's obvious that he doesn't have clue. It's like fisherman saying "This year we will concentrate on marlin. Last year we concentrated on tuna. Maybe sometimes in the future, a boat will magically appear so that we can do these things.".

I can't believe that he is so stupid. The business of business is business. So he has to make a suitable environment for business. Instead he is talking about high-faluting dream shiite that has nothing to do with making a tech hub. Enacting visa legislation aint gonna make a tech hub. Having conferences aint gonna make a tech hub. If you gonna build, you have to get busy, grab a shovel and start digging. He doin erryting but.

banker says...

Several months ago (December, I think), Dr. Barry Rassin was elected head of Rotary International. I watched his first speech online. One of the scariest things that he cited, was that in 30 years, the Bahamas could be mostly underwater from climate change.

Cat Island will probably have the most land with the highest elevation. The high parts of New Providence rises to 37 meters, and we all be crowding there with the thugs, and politicians. Unfortunately most of the space will be taken up with web shops.

banker says...

Hmm Blazer paid millions for his penthouse at the Cove. He maintained a boat at an East Bay Street marina and funneled millions of dollars of illegal FIFA money into the Bahamas. I took a ride to Rose Island on his boat. Even then, I knew that something was wrong.

banker says...

If you don't own the pie, you can't apportion the pieces.

banker says...

... the thing about condos ... you can be hit with extremely high condos fees that you can't afford when something goes wrong, and you have no say if and when the capital expenditures happen. You are just assessed with a big bill that you have to pay.

banker says...

Man, folks will say anything that defies logic. This is just like the government saying that onerous cryptocurrency regulations will improve business. Wrong! Our ease of business is already horrendous. Why add more bureaucracy?

Methinks that this is just a way for BICA accountants to get more business and cut steaks off the racehorses of the economy -- not that we have any racehorses -- just tired old nags that can't run anymore.

All this would do, is drive more business to the Cayman Islands. Sigh ... They are already eating our lunch in every way.