Re: Legalize homosexuals Now
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body">You miss a very important point [b] because of Iceland's bubble economy,It achieved a credit rating of AAA. That allowed it to borrow money at less that 1% . Jamaica on the other hand was saddled with such a low credit rating that it could not borrow on the international financial market until the late 90's/.
It also was borrowing at up to 20% interest. That doe make a big difference.
since it forced Jamaica to borrow at punitive rates from all commers, including multinationals like the IMF. That is another whole topic. </div></div>Doc I wonder why you feel the need to lie and obfuscate?
What period are we talking about here?
When did Jamaica start to rely on merely borrowing?
Wasn’t it after Menlie had toasted the economy?
When did Jamaica’s credit rating fall?
Wasn’t it after years of successive PNP Government that destroyed the Economy and forced the country to rely on paper and borrowing to pay for the country’s needs as well as its bills?
In the 15 years that the world economy was on a tear Jamaica’s economy went into negative territory for all those years.
We went from being the biggest exporter to CARICOM Country to its largest importer of goods and services.
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: Dr.Dudd</div><div class="ubbcode-body">You miss a very important point [b] because of Iceland's bubble economy,It achieved a credit rating of AAA. That allowed it to borrow money at less that 1% . Jamaica on the other hand was saddled with such a low credit rating that it could not borrow on the international financial market until the late 90's/.
It also was borrowing at up to 20% interest. That doe make a big difference.
since it forced Jamaica to borrow at punitive rates from all commers, including multinationals like the IMF. That is another whole topic. </div></div>Doc I wonder why you feel the need to lie and obfuscate?
What period are we talking about here?
When did Jamaica start to rely on merely borrowing?
Wasn’t it after Menlie had toasted the economy?
When did Jamaica’s credit rating fall?
Wasn’t it after years of successive PNP Government that destroyed the Economy and forced the country to rely on paper and borrowing to pay for the country’s needs as well as its bills?
In the 15 years that the world economy was on a tear Jamaica’s economy went into negative territory for all those years.
We went from being the biggest exporter to CARICOM Country to its largest importer of goods and services.

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