That $200 MILLION @ 1.5% !!

[HL]

Read (as saw) where some folks are literally dancing in the streets at this accomplishment. The government has done well!!!

Sad thing is that none of this money will not go towards effecting real change in Jamaica. This money will evaporate--just like the $$millions$$ borrowed in the past.

Not one cent fron this large sum will fix the treacherous road that links Duncans with Clarkes Town in Trelawny. Or even that portion in Albert Town/Spring Valley--where the good folks erected a make-shift retaining wall--made from bamboo.

This make-shift system acted more like a beacon-like device. The purpose is to prevent vehicles from going down a very deep gully...that would end in loss of life. (This not the first time I have seen local citizens taking this type specific initiative to do the job of government).

Oh...and this past Jamaican Independence Day was just another day for those good Jamaican folks in these parts. I saw lots of men going to their grung wid them matchate and hoe(sp?). I saw young boys pushing carts--transporting water from a distant stand pipe. There were no Independent Day celebretion in these parts.

The extremely sad thing is that what I experienced-- is an accurate representative sample of the Jamaican population!!

So that $200 MILLION @ 1.5%...keep on dancing...an feel good .

[Assasin]

Would you feel better if it was borrowed at 20%?

[HL]

Not the point I am making Assasin.

If the money was borrowed at 20% and one could measure positive outcome..I would not care.

Jamaicans are (and have been ) suffering Assasin.

I do not have high hopes on the 200 $Million @1.5%.

~~~sorry~~

[wbvs]

Not the point I am making Assasin.

If the money was borrowed at 20% and one could measure positive outcome..I would not care.

Jamaicans are (and have been ) suffering Assasin.

I do not have high hopes on the 200 $Million @1.5%.

~~~sorry~~

agree hl , not much positive outcomes . u ever wonder how every ja'can
gov... just keep barrowing and barrowing and not producing ?

[HL]

I'll just let then keep on dancing wbvs.

BTW: got your email...but yuh dun know that I was not serious about having those digits...

[Assasin]

While borrowing is not the best thing we can do consider the fact that we were borrowing the same amount at 20% and higher. We have to look at the whole pictcha.

While I am not all that hopefully we have to give them a chance and let us see. Them nuh say the Chinese give them loan to fix internal roads.
At least with the IDB, world bank and IMF there is some control.

Borrowing is not the best way to go and I wish we didn't have to do it but there are one and two hopeful signs, let us hope them don't f it up.

[HL]

...i almost never let hope gets the better of experience Assasin.....

But as Jessie says..."keep hope alive".

[Assasin]

that is what I am saying. At some stage a savior will come.

Mi nuh write them off before they get a chance. The fact is the economic picture for Ja is better than it was 2 years ago right now. We have an opportunity and even the IMF say wer are on the right track. Let us see how long before they derial. It will be interesting if we can post 3% growth anytime in the near future.

[Muadib]

Sometimes I wondah if some posters on here realize were wi coming fram ?

Is like dem was in a coma for 19 years...

Is wheh dem hexpec if Omar nevah leave us nuh money only debt.. how wi muss survive di recession exactly ?? Mek money out of air ???

Banks don't even REMEMBER how to loan money for productive ventures to blerdcleet..

Unnuh nuh hear Butch seh fi stap di yapping ?

[Don1]

that is what I am saying. At some stage a savior will come.

Mi nuh write them off before they get a chance. The fact is the economic picture for Ja is better than it was 2 years ago right now. We have an opportunity and even the IMF say wer are on the right track. Let us see how long before they derial. It will be interesting if we can post 3% growth anytime in the near future.

[Willi]

At 20% there is no chance!

If you dont buy a ticket, you cant win the lotto!

You have to be in the game and int. rates have to be manageable. The power of compound interest working against you at over 10% is truly phenomenal.

[HL]

Anyway Willi (and Assasin) Banks are in business to make money.

Contrary to what many may think...it is not in the interest of these banks to see Jamaica wean itself from borrowing.

The World Bank and IMF have been loaning money to Jamaica since the '70's.

Jamaica is just a bloody good customer to these institutions.

Jamaica is like a kid with a credit card. Very foolish!!

[Muadib]

What is wrong with borrowing money ?

[HL]

"...the borrower is the slave of the one doing the lending.."

[Muadib]

Do you borrow ?