IMF concerned about rise in high risk inves

[Dr.Dudd]

Fri May 11, 2007
IMF concerned about rise in high risk investment schemes

The International Monetary Fund (IMF) has turned the spotlight on high-risk investment schemes operating in Jamaica in its report on the latest Article Four Consultation.
While praising the authorities for the sound performance of the financial sector, the IMF pointed to what it says has been an apparent rise in unregulated investment schemes promising very high returns.

In its executive board assessment the IMF called for increased vigilance over these schemes.

It also recommended continued efforts to strengthen consolidated supervision and prioritising the development and testing of crisis management systems in Jamaica's financial sector.

[Yuriatin]

Re: IMF concerned about rise in high risk inves

They've got nerve. IMF has one of the biggest schemes going on in the world! [img]/forums/images/%%GRAEMLIN_URL%%/eek2.gif[/img]

[Dr.Dudd]

Re: IMF concerned about rise in high risk inves

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Yuriatin</div><div class="ubbcode-body">They've got nerve. IMF has one of the biggest schemes going on in the world! [img]/forums/images/%%GRAEMLIN_URL%%/eek2.gif[/img] </div></div>
this is inline with the goals of the IMF. It was established to keep the colonials out of the economic pie
the clolnials meaning the minorities,that is not fooled into creating wealthe for the colonilists.
They are more intrested in keeping places like Jamaica as a favoured investment center for colonialists otherwise called developed countries and multi-nationals.
It's aim is to keep the suppressed in their place.
What other reason would they have to be 'troubled', by the activity of adult investors putting their money into high risk investments?
Why have they not been so troubled with the miriads of gambling organizations that are controlled by their clique?/las Vegas would be a start.
i am sure that thes einvestments are no less secure than the official and unofficial {penny stocks] ganbling that takes place in their home country.

[Hopyoneson]

Re: IMF concerned about rise in high risk inves

Well cash plus buying the Hilton hotel in Kgn would not just go below radar. Plus owned by a Jamaican, ofcourse IMF going to be "concerned", old pirates up to their old tricks, soon hear Bear Stern's adjusting thier outlook for th country.

[Tuff Gong]

Re: IMF concerned about rise in high risk inves

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Yuriatin</div><div class="ubbcode-body">They've got nerve. IMF has one of the biggest schemes going on in the world! [img]/forums/images/%%GRAEMLIN_URL%%/eek2.gif[/img] </div></div>

I would not fault the IMF for this outcome, when they go for article 4 consultations in a place like Jamaica its can easily become a tool of the Special Interests, in this case the GOJ.

Not that are not correct about the inherent risk of these so-called investment schemes, but there is a context. Dr, Davies Economic Borrowing and Spending Model is essentially no different, the Cash Pot has become a feature of the Debt Management strategy from they GOJ to the man in the streets.

It is hardly likely this was the only thing of note in the pages upon pages that made up the report @ the end of the last 1/4s Article $ consultations, but this is the way the PNP and their lackeys in the media operate @the same time they talk about Black Man Time Now, they are willing to use foreigners against other Jamaicans.

The success of Cash Plus and Olint are sending shockwaves through the Financial Markets in Jamaica. The Gestapo moved against Olint but Cash Plus present a whole other conundrum, it is more grass roots, have deeper tentacles and is more widespread than the narrow focused Olint.

The IMF now has strange bedfellows. Comrades who have never had a good word to say about these Multi-Nationals are now hugging up and kissing in broad daylight.

[Tuff Gong]

Re: IMF concerned about rise in high risk inves

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Kingston20</div><div class="ubbcode-body">Bear Stern's adjusting thier outlook for th country</div></div>

Bear Sterns had already downgraded Jamaica that is why Dr. Davies is gone on a tour to the Markets.

[Tuff Gong]

Re: IMF concerned about rise in high risk inves


Well was the IMF right or wrong?

[Dr.Dudd]

Re: IMF concerned about rise in high risk inves

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Tuff Gong</div><div class="ubbcode-body">
Well was the IMF right or wrong? </div></div>Theywere wrong of course. the world economydid not crash as a result of the risky investments that Jamaicans did with theor own money.
They should be dpoing something about the boulder in their eyes instead of wasting energy about the speck in Jamaica.