Allowing any kind of devaluation of the Bahamian dollar would be catastrophic to the economy. We do no produce anything in this country, we have a trade deficit of over 95%, we have no natural resources for our own use or export. We are entirely tied to the buying power of the US dollar and being tied to it.
Why would a bank let you borrow money without providing all of those things? They stand to lose it when you fail to pay it back. $10,000 is a lot of money to trust to someone. It's not a right, it's a privilege.
How about this Birdie, if Christie turns out to be right Loretta has to give him a public apology, and if he is lying as he is known to do, then you leave this newspaper's message board for good?
Well Tal, he was right. This place looks like crap all the time. People have to realize that they can't just do what they want, from the small things all the way up to killing.
Every few months they come up with the idea of coming up with a new strategy, then they hold a press conference and say how things are going to be great, then they do absolutely nothing.
Where did all that VAT money go that they were so in need of to pay down the debt? Well guess what Tal, it hasn't gone to pay down a single cent of VAT and at the same time we are borrowing more than ever. So your precious VAT is actually worse than useless, it hurts us all, because it is being wasted and we the people have nothing to show for it.
Nothing about this is good. Any new investors or operators who are looking to take over now are going to be looking for a very steep discount. This means no one, not even the politicians waiting for kickbacks will see a thing. Every cent of money paid for the project will go directly to the Chinese Bank and they will not even get all of their money back. Christie thinks he's somehow involved in this, he's not. China doesn't give a crap what he thinks or wants and they don't have any reason to take any notice of him. He'll go crawling back in a couple months when we need to sell some government debt.
Everyone who is owed money, from the contractors to BEC to even CCA, will see nothing except maybe what they get from the work it will take to finish the project. Things are not good. This government screwed everyone involved when they took a stand against Chapter 11. Everyone may have had to accept less in Delaware, but now they have to accept nothing in the Bahamas.
newcitizen says...
Allowing any kind of devaluation of the Bahamian dollar would be catastrophic to the economy. We do no produce anything in this country, we have a trade deficit of over 95%, we have no natural resources for our own use or export. We are entirely tied to the buying power of the US dollar and being tied to it.
On Fourth consecutive credit contraction for Bahamas
Posted 22 November 2015, 8:48 p.m. Suggest removal
newcitizen says...
Why would a bank let you borrow money without providing all of those things? They stand to lose it when you fail to pay it back. $10,000 is a lot of money to trust to someone. It's not a right, it's a privilege.
On Fourth consecutive credit contraction for Bahamas
Posted 22 November 2015, 8:44 p.m. Suggest removal
newcitizen says...
Damien says a lot of things and never follows through. Where are his motions to dismiss Minnis and LBT? All talk, no walk.
On Gomez called on to honour corruption pledge
Posted 18 November 2015, 5:26 p.m. Suggest removal
newcitizen says...
How about this Birdie, if Christie turns out to be right Loretta has to give him a public apology, and if he is lying as he is known to do, then you leave this newspaper's message board for good?
On Butler-Turner sceptical of Baha Mar optimism
Posted 18 November 2015, 4 p.m. Suggest removal
newcitizen says...
Well Tal, he was right. This place looks like crap all the time. People have to realize that they can't just do what they want, from the small things all the way up to killing.
On PM: Nation ‘not a killing field' - New crime strategy ‘in weeks’
Posted 18 November 2015, 1:43 p.m. Suggest removal
newcitizen says...
Every few months they come up with the idea of coming up with a new strategy, then they hold a press conference and say how things are going to be great, then they do absolutely nothing.
All talk, no walk.
On PM: Nation ‘not a killing field' - New crime strategy ‘in weeks’
Posted 18 November 2015, 1:33 p.m. Suggest removal
newcitizen says...
Where did all that VAT money go that they were so in need of to pay down the debt? Well guess what Tal, it hasn't gone to pay down a single cent of VAT and at the same time we are borrowing more than ever. So your precious VAT is actually worse than useless, it hurts us all, because it is being wasted and we the people have nothing to show for it.
On ‘Things are good with Baha Mar’ says Christie
Posted 18 November 2015, 8 a.m. Suggest removal
newcitizen says...
Hush up Tal, you're trolling again.
On ‘Things are good with Baha Mar’ says Christie
Posted 18 November 2015, 7:57 a.m. Suggest removal
newcitizen says...
Hush up Birdie, your trolling is becoming repetitive.
On Victimisation
Posted 17 November 2015, 6:44 p.m. Suggest removal
newcitizen says...
Nothing about this is good. Any new investors or operators who are looking to take over now are going to be looking for a very steep discount. This means no one, not even the politicians waiting for kickbacks will see a thing. Every cent of money paid for the project will go directly to the Chinese Bank and they will not even get all of their money back. Christie thinks he's somehow involved in this, he's not. China doesn't give a crap what he thinks or wants and they don't have any reason to take any notice of him. He'll go crawling back in a couple months when we need to sell some government debt.
Everyone who is owed money, from the contractors to BEC to even CCA, will see nothing except maybe what they get from the work it will take to finish the project. Things are not good. This government screwed everyone involved when they took a stand against Chapter 11. Everyone may have had to accept less in Delaware, but now they have to accept nothing in the Bahamas.
On ‘Things are good with Baha Mar’ says Christie
Posted 17 November 2015, 6:04 p.m. Suggest removal