Mr. Saint-Amans is a first a diplomat, and then a financial assassin in the pay of the G7. He has been called "The Tip of OECD Sword".

The OECD is largely European-centric. based in Paris, with the notable exceptions of Canada, USA and Australia. So when Mr. Saint-Amans says that it is not the OECD but the European Union that is blacklisting the Bahamas, it is a diplomat being disingenuous for the gain of their goals. It started out as OEEC with the word Europe in its name. The European members of OECD are the driving force and exactly the same members who blacklisted the Bahamas.

Mr. Saint-Amans is the project champion of the oecd beps (Base Erosion and Profit Shifting)project whose goal is to eliminate tax havens for the G7 and G20 companies. Many key performance indicators are due to be enacted in 2015 and 2016.

The Bahamas has several anti-BEPS entities like the IBC's (international business corporations), funds, trusts and other entities all designed to insulate beneficial owners from taxation. The OECD wants to see all of this gone, and it is the heart and bread & butter of the financial services industry.

The above article is a complete whitewash. If you read Mr. Saint-Amans twitter account, he says that he is coming to the Bahamas not to give a fluffy diplomatic presentation to the BFSB board (which he did) but rather to meet the Prime Minister to work and talk about transparency. Obviously, he had no public pronouncements to make on that front.

Financial Services Minister Hope Strachan is being really naive and gullible to believe that Saint-Amans really thinks that the blacklisting is unfair. He is the voice of French taxation at the EU level and prior to his OECD job, he was responsible for litigating tax cheats in France. He was also responsible for new electricity taxes in France as the Chief of the Energy Regulation Committee. He is a good and faithful servant of those governments who want to shut down the Bahamas model of Financial Services, and Strachan is too dense and gets distracted by his flattery while he is finding the right spot to insert the tip of his sword.

Here is the interesting thing about Exim Bank. It is run by the Chinese State Council-the administrative arm of the Government of China. Their 1994 charter was for the development of the export of heavy machinery & electronic goods to the world. Needless to say, the export market is in decline. (The CEO of WalMart -one of China's biggest customers, announced a new plan to source American goods & foodstuffs, & to economically diversify from Chinese goods.)

The 2nd area of Exim's charter was on-lending to foreign governments. On-lending means that they have borrowed the money & re-lend it out to foreign governments. This serves 2 purposes. It can be an arbitrage, where the lower the Moodys/Standard & Poor rating, the higher the interest & the more profitable the loan is. If a country like the Bahamas has an outstanding debt of over 66% of its GDP & other lenders shy away, the Exim bank will borrow money at perhaps 1.5 - 2% , & re-lend it with an interest rate of 5%.

They are also the bank for Chinese government concessional loans. What that is, is a soft loan with long periods of repayment. They offer these loans on behalf of the Chinese government with govt money. They have the power to do this, without a profit motive - if the government deems it best for its interest in foreign affairs - like creating a Chinese influence place on America's doorstep.

It is highly unlikely that the Bank does have further funds to invest with CCA, given the fact that they needed a $45 billion dollar cash injection this week. Presumably this was just to keep operating with their commitments around the world to concessional & on-lending loans.

The Chinese will keep blustering & keeping up a good front, but they probably would have to borrow the money to finish Baha Mar and be left with a potential white elephant. At this point, they may just try to claim Baha Mar & if they win it, they will sit on the land, and let the buildings rot.

Or even worse than that, they will keep their interest in the buildings & Perry will give the project to the Snake to run as his own. Given the level of conspiracy proven by the senile Baltron Bethel, who still hasn't learned how to use email, my guess is that this whole fiasco is a knee-jerk reaction with no planning. First they tried to follow ole Cauliflower Ears, Mayonnaise Gibson's repo plan & when the corrupt attorney general proved to be legally inept, they are now stalling for a viable plan to satisfy the Bahamian courts, Delaware courts & even the Privy Council, as they gave Corrupt Damian, the Arch-Homophobe's son the heave-ho & hired a British lawyer as well.

So the soap opera continues. The only thing that you can bet on, is that Fred will have more pepper in his vaseline & hence more vitriol coming out of his mouth & the government will continue to be the dishonest anencephalic retards & kleptocrats that they are, and keep stumbling from one anti-democratic travesty to another.

On my Bloomberg screen yesterday, I found this little nugget:

The central bank on Tuesday completed putting $48 billion (£30.6 billion) into the China Development Bank and $45 billion (£28.6 billion) into the Export-Import Bank of China, the official Xinhua news agency reported.

With the recent collapse of the Chinese stock market, the capital injections were necessary.
At its peak, the Shanghai Composite Index was 152pc higher than a year earlier. Yet after that colossal bull run, shares plunged by 32pc in less than three weeks.
The total value of equities listed in China dropped by around $4 trillion (£2.6 trillion).

So you are right, the Exim Bank will not put any more money up. They were foolish not to let Sarkis use his money to finish the project.

Hey, watch what you say about The Caves. It is the site of miracles and a magical place. It can feed you. I had some banker friends from Toronto, and I was showing them out west and we stopped at the Caves. Amid the graffiti and bottles, we saw movement in the shadows. In the dark recess of the back of the cave, was a cowering goat. It was injured and its back leg was bleeding and broken. Prolly hit by a car. I kid you not, the first thing that I thought of was catching and cooking the goat. Reluctantly I had to leave it there, but as sure as a gussie mae likes donuts, I am willing to bet that it ended up as souse somewhere.

Excellent article. You missed just one point a focus on literacy and preparation for an emphasis on a STEM education -- Science, Technology, Engineering and Math.

You are absolutely right. Another operator will take over the leases tomorrow. Baha Mar will be open by October. Crime will stop because people will realise how stupid it is. The guns will be donated to BAMSI to make ploughshares and unemployment will drop to 1%. The Haitians will all leave by September, everyone in the Bahamas will be making $50,000 a year by November, and maybe Jesus will come and rapture the PLP.

How could I be so stupid not to see this???? It must be the work of Satan in me. My relatives are not having problems making ends meet. My aunt doesn't need a wheelchair that costs over two thousand dollars. She needs a healing at the PLP headquarters. There is nothing wrong with her. It's all in her head.

How could I have been so blind, as to not recognise that our Dear Leader is not all wise. And our unmarried cabinet ministers are so masculine that woman are afraid of them. And the chairman could have been a Rhodes scholar if he could have found the right road in his youth. And the cauliflower ears of the attorney general are that way from the wisdom that drips from her orifices. Dear me. I am so wrong.

How could I have been so blind? Quick, cut my head open, and implant the chip before I change my mind.

No my dear Tal, you chide me because I voice your secret fears. And you do not have the intellectual honesty to admit it.

Well with the recent announcement of 36% reduction in financial services workers (that is 4 in 10 workers for the PLP math-retarded) and more cuts coming, and add the Baha Mar workers, and maybe the building can be used for emergency shelter of the 60,000 unemployed people soon to populate the Bahamas.

How long before citizens take to the streets and loot the grocery stores? Mark my words -- civil unrest will surely come. Crime will increase even more than the levels now. With the economical slowdown that the VAT has caused, Nassau will look like The Mud in a short year or two.

Great -- you and your odious, repugnant, non-patriotic comrades can communally congress with the male and female yardies in the rotting hulk of Baha Mar, while dining on the finest pigeon and coconut.

The guy is a marketing expert, and he did invest in the Bahamas. One should listen to the message and not the messenger. And the message is one that we all know, and choose to ignore until we get a gun pointed to our face, or our tires stolen from a locked garden shed or our car is stolen and can't be found on a small island.

This is a message for those who can hear it. First is is Schaeffer, then it will be Royal Bank, and then it will be Templeton and then it will be chaos.

Interestingly enough, when I told my extended family that I had a ticket out of this place through my employment, my uncle said "Don't let the door hit your azz on the way out!". It was an interesting comment, because of my new ability to help him financially.

This is more of Tal's FNM Tourettes Syndrome. If anyone mentions PLP criminality and perfidy and Tal uncontrollably says Red Shirts! Red Shirts! I've seen smarter parrots.