DisingenuousOne si it break down fi yuh

[Muadib]

in simpler terms.. if dis cyaan penetrate yuh brain den yuh deh pon yuh own..



<Some analysts continue to point to the debt to GDP ratio as our major problem. However, if I had a debt to GDP ratio of 500 per cent but I didn't have to make any debt payments until 10 years in the future, and someone else had a debt to GDP ratio of 150 per cent but had to make all the payments within a year, which one is better off today? The fact is that cash flow is more important than the ratios, which should really be used as a guide for policy and action and not the reason why one acts.

So in John's case it is important to understand the debt repayment terms, and this is why in the restructuring of the debt the timing of the cash outflows is so important. But all debt restructuring does is give more time to make adjustments, and so if John gets a reprieve in terms of timing of cash payments, he must ensure that he has a plan to adjust either his expenditure or income in order to ensure that when the payments start again he is not in the same position because he has not made the necessary adjustments.

It also seems obvious that John cannot resolve his debt problem (scenario 2) by just cutting back on expenditure, and so the only real option is for him to increase his risk in a very calculated way, in order to reduce his debt in the long term...

Capiche ?

Face kick off time:

Seaga did this in the 1980s, when the debt to GDP ratio increased to 212 per cent in 1984: this additional borrowing helped to result in average growth of 6 percent per annum towards the end of the 80s and a debt to GDP ratio of 90 per cent in 1990. >





The truth is an offense.. not a sin.. pass this on to X and the other propagandists ashamed of their household upbringing..

[Don1]

Growth based on a sudden massive debt inflow is merely an inflator....an unsustainable bubble.

For real growth to happen the workforce needs to be developed in skills and long term investment must be attracted to grow the productive, export-driven base....this did not occur in the 1980s. The DayWalker did "try" with agro-industry with that Israeli crook Eli Tisona and others...that was a spectacular flop in aid of a vast criminal enterprise

Wake mi when JA has growth based on sustainable production from a skilled & competitive workforce producing mainly for export...dats di ongly way to progress

Oddawise...kip yuh tribal yappin' to fellow tribalists

Here's Mr Spring Plains Tisona at werk

When Edward Seaga became the Prime Minister of Jamaica in 1980, the society was deployed at the service of the US counter revolution in the region. It was not by chance that the Prime Minister of Jamaica was at the forefront of those giving military, diplomatic and political cover for the US invasion of Grenada in 1983. In this period when the CIA was fighting against the Contras, the export of cocaine from Columbia was one means of providing the financial resources for the campaign of destabilisation. This has been established by the Senate Committees of the US that revealed that, while Ronald Reagan was carrying forth a war on drugs, the CIA was importing cocaine into the US using the US military and the air force. Gary Webb has also detailed for posterity the role of the CIA in the cocaine business in the book, ‘Dark Alliance: The CIA, the Contras, and the Crack Cocaine Explosion’.

Jamaica became central to this dark alliance during the period when the JLP government was in power, 1980-1989. In order to establish a firm entrepreneurial basis for the distribution of cocaine in the Caribbean, the forces of Lester Coke organised the Shower Posse in Tivoli with a worldwide reach into Canada, the USA, Europe and other parts of the Caribbean. The gang got its name from the JLP election slogan 'Shower', which was a response to the PNP's 'Power' that was coined from Manley's 'Power for the people' slogan in the 1970s. One other source noted that the name shower had been taken from a speech by Edward Seaga where he promised that: ‘Blessings will shower from the sky and money going jingle in your pockets.’ Seaga knew that this money was not coming from the production of goods and services within Jamaica.

In tandem with the CIA contra wars, there were immense opportunities for entrepreneurs and militarists to be conduits for the cocaine trade with its multi-billion dollar payoffs. With high unemployment in the society, there was a steady pool of youths who could be ensnared into the business of running guns and drugs. Lester Coke who had succeeded Claude Massop as the top gun of Tivoli built the Shower Posse and exploited the cocaine trade to amass great wealth and opulence. Lester Coke (Jim Brown), managed the Jamaican operations from the political constituency of the prime minister of Jamaica, Edward Seaga, while confidante Vivian Blake, the other king pin of the posse, managed the North American operations, with cells of the Shower Posse in New York, Miami, Kansas City, Chicago, Philadelphia, Los Angeles and other cities. Vivian Blake went through trials, extraditions, business ventures until he succumbed to death in 2009. Many in Jamaica do not believe that Blake died of natural causes.

ISRAELI MOBSTERS, COCAINE AND JAMAICAN POLITICS

So lucrative was the business of cocaine and guns that there was an economic boom in the society, with the establishment of new banks and the growth of the Cayman Islands as a major offshore banking site to launder the billions of dollars of the cocaine business. The Shower Posse boomed in this period, and with the boom was an escalation in the levels of violence inside and outside Jamaica. One book entitled, ‘Born Fe Dead’, chronicled the savagery of this gang of mobsters tied to the ruling political party in Jamaica. The Jamaican Posses became notorious enough to be featured on the television programme, ‘American Gangster’. But this gangsterism was not confined to the Americas. The business was lucrative enough to lure Israeli mobsters into this booming business.

Eli Tisona (who was called one of the top Israeli mobsters by the Jerusalem Post) appeared on the Jamaican scene at this point as a business person involved with a supposed high tech agricultural scheme. Tisona, with no known experience in agriculture, was supposed to be the brains behind a scheme of the Prime Minister Edward Seaga for the establishment of an agricultural complex called Springs Plain that was supposed to sell winter vegetables to the United States. It turned out that this was just another front for the transfer of cocaine from Colombia to the United States through Jamaica. During the Seaga period, the planes that were leased to fly out the winter vegetables flew from Colombia before collecting the ‘vegetables’ from Jamaica. At this period International Lease Financing Corp (ILFC), the Los Angeles-based aircraft leasing division of AIG, was the biggest force in the leasing of planes. AIG worked closely with the US intelligence services to the point where the CEO of AIG was once under consideration to become the director of the CIA.

After the end of the Cold war and the defeat of Edward Seaga, Tisona was arrested and jailed in the United States on charges of fraud and money laundering. In 1997, an Israeli Knesset committee report named Eli Tisona and his brother, Ezra, as being the country's two most powerful drug lords. Tisona was jailed in the US in 1999.

DayWalker tuh di Whirl!!!!!!!

[Muadib]

The growth was export/production based..

<Jamaica's manufacturers were outperforming CARICOM competitors in regional trade by as much as 40 per cent before Trinidad imposed its trade embargo against them. Manufacturing's contribution to exports and import substitution was significant in bringing our exports to within 40 per cent of imports - a level not seen since then.>

Here are the numbers again DisingenuousOne:

* The fiscal balance was in surplus in 1989 ($257.6 Ja mn). This was the lowest fiscal deficit since Independence.

* In 1989, inflation was 6.7 per cent. This level of inflation was five per cent lower than that of 1979. Note that 1989 was the year after Hurricane Gilbert.

* The investment ratio was the highest in 12 years (20.6 per cent -- 1987);

* Some 100,000 jobs were created between 1985 and 1989, the largest amount ever in a five-year period.

* Unemployment rate (18 per cent) was the lowest in 17 years.

* 1990 Debt to GDP of 90%

The Truth is an offense (Tribal Yapping) but not a sin.

There is NO PNP Administration ever in the history of Independent Jamaica that has come even close to this economic performance.. quite the CONTRARY.. thus debunking your JLPNP claptrap in the area of Economic development record...

[Peter R]

Where is the quote from?

[Muadib]

Which quote are you referring to ?

[Don1]

An investigative journalist Horace Campbell... http://www.pambazuka.org/en/category...es/65437/print

The Eli Tisona/Seaga/CIA connection is very interesting...aint it

[Muadib]

What is the relevance of this post to the current thread ?

You are being lectured on the Economic transformation of the country in the 80's highlighting the difference between Seaga debt strategy and the Economic Malpractice debt strategy of the PNP that has led us to the hole we now reside.

Pay attention and stop distracting the rest of the class..

Yuh muss learn to tek correction yute...

[Don1]

Relevance??? LOL... It illustrates the nexus between politricks, economics and criminality...in Jamaica those elements are inseparable...and why the right wing US regime went to such great lengths to support Seaga even if it meant supporting extreme criminality

Dis ah di relevance...Politicians including Seaga are plague pon Jamaica...im is at di head ah di Plague Class...period...end of story

[Muadib]

Interesting rhetoric.. however has no bearing in this lecture on historic debt strategy for economic development..

If you wish to start a separate thread on your new topic.. whatever it is.. feel free..

Muddying the water will not help you.. it is clear you are out of your depth on this issue... ergo the lecture.

[Willi]

This does not help. Don1 is NOT your enemy and is merely doing the balance thing for fun. He is trying to show you not to overreach.,

There is blame all over and on the econ front most must go to the PNP. However, econ matter is not the only reason for our spectacular failure.

We failed on moral, ethical, social and most importantly SPIRITUAL grounds.
We have not love Jamaica and our neighbours as ourselves. We think its OK sitting poolside on a gaudy hillside monstrosity, sipping a mint jula, looking down on the spectacular view and the plebs scurrying about trying to scratch out a living...

If the top dont give a shyt, why should the bottom? Everyman for himself and the Devil tek the hindmost.

Help is most definitley NOT on the way...we are the ones we have been waiting for.

[Muadib]

Help ?

I am educating the ignorant... what more help him need ?

How enemy come innah dis ?

[Mosiah]

They are both pulling quotes from their @#$%!

KMT!

[Muadib]

<Seaga did this in the 1980s, when the debt to GDP ratio increased to 212 per cent in 1984: this additional borrowing helped to result in average growth of 6 percent per annum towards the end of the 80s and a debt to GDP ratio of 90 per cent in 1990.>

Cold hard facts. Unnuh bettah seek him guidance.. yuh party is about to attempt a similar feat.. 150% to 90% in 7 years.. if not dem can always bleat about Tivvaarli..



Poetic Justice I call it.. mek dem solve di mess dem create... di good thing about it is that dem might suffer the same fate in the miggle when the pain reach dem base.. (IMF handcuffs tight !)

It will be good for the country though.. might even transform the party to one that follow some semblance of economic prudence...

[Mosiah]

Cold hard facts? What makes it so? These: < > ?!?!?

[Sir X]

lol