Noe who are we to believe, Mr. Fred Smith or the Hon. Carl Bethel? I know which one I am inclined to believe and hopefully the truth will emerge in the fullness of time. What charge was he arrested on anyway? Illegal entry to the country via his mother's womb?
Sheeps, Are you sure that black Bahamians were not allowed to bank at RBC, cos I never heard that. I heard that back in the day RBC only hired conchyjoe Bahamians but I would have thought they would take money from whoever got it, remember we had black members of the house of assembly way back when. Since members were not paid they presumably had a decent income. Now I don't know and would appreciate your further knowledge, if available.
Hi Porcupine, thank you for the link, it is an interesting point of view but despite Mr. Kavanaugh's propensity to use long words his arguments have a couple if flaws. First, Taxes were first raised in the precursors to our modern democracies to buy weapons and pay soldiers to make war and were nothing to do with stopping the rich get richer. This principle is still in effect. Secondly he discounts the relationship between the value an economy produces and the amount of money created by the government to represent that wealth. The result of ignoring that relationship can be seen today in Venezuela and in many communist countries in the past. The central bank controls the money supply in this country, why not have the bank print an extra five hundred dollars per week and give that to each citizen, then we would all be rich, right? No, wrong, we would just have hyperinflation and the cost of imports would climb drastically high such that most of us would not be able to afford the. One of my forebears was a founder member of the Fabian Society who not only informed much of the early socialist thinking but also founded the LSE where several of our socialist NPs got their ideas. So interesting ideas but wrong. It may also have been a mistake to quote Henry Ford who was known as a racist bigot who supported the ideals expressed by Germany's National Socialists,
This is a good start and it is in the best interests of the country if this policy of the government ridding itself of as many of these fiscal parasites that we call civil servants as possible continues. They do not create any wealth in an economy but only suck the wealth created by the private sector or live off money borrowed by the government that our children's children will still be burdened with. It would be good to amend the constitution so that no government could expend more than it collected in taxes, no government could hire on government workers in excess of, say, 10% of the total work force available in the country. Also the outgoing Prime Minister's pension should be put to the people in a referendum to choose and not these millions of dollars we have to pay out to corrupt buffoons and their spouses, when deceased, who have totalling mismanaged our economy. A referendum is very unlikely to happen in my lifetime as these politicians have seen what happens to then when one is held, and they want to stay in power more than they want to act righteously.
The Royal Bahamas Defence Force,.............. .... Seems to have trouble setting a course, ....... .. .... A course to avoid hitting rock, cay or reef, ..... .. ... .... To prevent their propellers coming to grief, .... ... .. Ragged Islands the one that causes most pain, . ... ... It seems to get hit again and again, . .......... .. .... ... It will take several million to fix up this boat, . ... ... To patch up her bottom and keep her afloat, ............ .. .... Handheld GPS doesn't cost very much, . .. .... Then we wouldn't be having to bother the Dutch, ......... . I'm thinking these Dutch build a very nice craft, .. .... But for patrolling the Banks they've got too much draft, ......... ... Combine that with a slack skipper and crew, ........... ...... ... And we end up with a troublesome brew.
For several years now NIB has acted like a government owned completely legal Ponzi scheme. It has stayed solvent through the weekly mandatory contributions of every employer and employee in the country. With the "investments" made in Bahamas air and the doomed Bank of the Bahamas combined with the overly generous enumeration and benefits packages given to NIB employees it has been clear to me for years that it would not be able to fulfil it's pension obligations, and I have told this to any who would listen. We need a commission of Inquiry and the prosecutions for malfeasance that should follow. Buying ambulances for the Public Hospitals Authority indeed? I have rarely seen such an act of fiscal stupidity, and they were so proud, all over the front pages. Oh, Yeah, ZNS as well, great investment, or was it?
hrysippus says...
Good sensible advice, I think.
On Jean Rony arrested on return, taken to Detention Centre
Posted 4 February 2018, 10:42 p.m. Suggest removal
hrysippus says...
Noe who are we to believe, Mr. Fred Smith or the Hon. Carl Bethel? I know which one I am inclined to believe and hopefully the truth will emerge in the fullness of time. What charge was he arrested on anyway? Illegal entry to the country via his mother's womb?
On Jean Rony arrested on return, taken to Detention Centre
Posted 4 February 2018, 8:13 p.m. Suggest removal
hrysippus says...
Sheeps, Are you sure that black Bahamians were not allowed to bank at RBC, cos I never heard that. I heard that back in the day RBC only hired conchyjoe Bahamians but I would have thought they would take money from whoever got it, remember we had black members of the house of assembly way back when. Since members were not paid they presumably had a decent income. Now I don't know and would appreciate your further knowledge, if available.
On ‘Grads only’, RBC boss ‘uninformed’
Posted 4 February 2018, 8:06 p.m. Suggest removal
hrysippus says...
Hi Porcupine, thank you for the link, it is an interesting point of view but despite Mr. Kavanaugh's propensity to use long words his arguments have a couple if flaws. First, Taxes were first raised in the precursors to our modern democracies to buy weapons and pay soldiers to make war and were nothing to do with stopping the rich get richer. This principle is still in effect. Secondly he discounts the relationship between the value an economy produces and the amount of money created by the government to represent that wealth. The result of ignoring that relationship can be seen today in Venezuela and in many communist countries in the past. The central bank controls the money supply in this country, why not have the bank print an extra five hundred dollars per week and give that to each citizen, then we would all be rich, right? No, wrong, we would just have hyperinflation and the cost of imports would climb drastically high such that most of us would not be able to afford the. One of my forebears was a founder member of the Fabian Society who not only informed much of the early socialist thinking but also founded the LSE where several of our socialist NPs got their ideas. So interesting ideas but wrong. It may also have been a mistake to quote Henry Ford who was known as a racist bigot who supported the ideals expressed by Germany's National Socialists,
On 13 workers terminated from BAIC
Posted 4 February 2018, 7:57 a.m. Suggest removal
hrysippus says...
exactly.
On 13 workers terminated from BAIC
Posted 3 February 2018, 7:31 p.m. Suggest removal
hrysippus says...
This is a good start and it is in the best interests of the country if this policy of the government ridding itself of as many of these fiscal parasites that we call civil servants as possible continues. They do not create any wealth in an economy but only suck the wealth created by the private sector or live off money borrowed by the government that our children's children will still be burdened with. It would be good to amend the constitution so that no government could expend more than it collected in taxes, no government could hire on government workers in excess of, say, 10% of the total work force available in the country. Also the outgoing Prime Minister's pension should be put to the people in a referendum to choose and not these millions of dollars we have to pay out to corrupt buffoons and their spouses, when deceased, who have totalling mismanaged our economy. A referendum is very unlikely to happen in my lifetime as these politicians have seen what happens to then when one is held, and they want to stay in power more than they want to act righteously.
On 13 workers terminated from BAIC
Posted 3 February 2018, 5:06 p.m. Suggest removal
hrysippus says...
This present board are not the problem, yet. They have inherited the grievous mistakes of previous boards, in particular the immediate predecessor.
On NIB viability threat exposed by $13.4m 'deficit' on payouts
Posted 2 February 2018, 2:39 p.m. Suggest removal
hrysippus says...
The Royal Bahamas Defence Force,.............. ....
Seems to have trouble setting a course, ....... .. ....
A course to avoid hitting rock, cay or reef, ..... .. ... ....
To prevent their propellers coming to grief, .... ... ..
Ragged Islands the one that causes most pain, . ... ...
It seems to get hit again and again, . .......... .. .... ...
It will take several million to fix up this boat, . ... ...
To patch up her bottom and keep her afloat, ............ .. ....
Handheld GPS doesn't cost very much, . .. ....
Then we wouldn't be having to bother the Dutch, ......... .
I'm thinking these Dutch build a very nice craft, .. ....
But for patrolling the Banks they've got too much draft, ......... ...
Combine that with a slack skipper and crew, ........... ...... ...
And we end up with a troublesome brew.
On Land ahoy! Too late, Rolly runs aground
Posted 2 February 2018, 2:10 p.m. Suggest removal
hrysippus says...
That's funny, waut is that the correct word, I'm so used to rhyming now......
On Hanna Martin named and suspended from House
Posted 1 February 2018, 8:26 p.m. Suggest removal
hrysippus says...
For several years now NIB has acted like a government owned completely legal Ponzi scheme.
It has stayed solvent through the weekly mandatory contributions of every employer and employee in the country. With the "investments" made in Bahamas air and the doomed Bank of the Bahamas combined with the overly generous enumeration and benefits packages given to NIB employees it has been clear to me for years that it would not be able to fulfil it's pension obligations, and I have told this to any who would listen. We need a commission of Inquiry and the prosecutions for malfeasance that should follow. Buying ambulances for the Public Hospitals Authority indeed? I have rarely seen such an act of fiscal stupidity, and they were so proud, all over the front pages. Oh, Yeah, ZNS as well, great investment, or was it?
On NIB viability threat exposed by $13.4m 'deficit' on payouts
Posted 1 February 2018, 5:59 p.m. Suggest removal