<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: blakkgiant</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: blakkgiant</div><div class="ubbcode-body">
sah lang thyme mii seyinn ja shood ave defaulted like agentina ann keep away fram barrawinn </div></div>
Jamaica could not default...too much of the debt is held by jamaicans....Omar for years persued a high interest rate policy which caused the destruction of any productive capacity in jamaica...look at SEPROD...they produce nothing yet make Millions in profit every year, their business is holding Ja govt paper. ...many small Jamaicans have their entire life savings invested in govt bonds directly or indirectly. </div></div>
wey yu chattinn bout iss derivative ann oww dem use risk fe run ting. lehman wass wan aff de biggar paypah holdinn firms butt dem fail. de argument iss dat since dem ooldinn soo much ja papers dem too bigg fe fall soo dat bruce cyaan default ann affi fe bail dem out ar risk bigg prablem. well buy out share ann since ja wood own moas aff de shares runn itt.
imagine moas jamaicans butt dem money inn deerippafftive den ja guv (taxinn peeeps) affii bail dem out so de ting iss ja peeps affii pay twice
again mii askinn woo iss da companies dat bruce add fii barraw money fe bail out. pint to annadda reason y bruce deserve de fiyah </div></div>
do you even have a clue about what you talking about?
I'm not talking about any derivatives... I'm referring to Government of Jamaica bonds (the equivalent of US treasury notes) There is no comparison with Lehmans.
</div></div>
fiyahside ting nyam aalf leff aalf. chattinn bout da increasinn role derivative ar playinn inn ja eecaanyamikk growth dat bruce tekkinn credit fah. wen yu chatt bout ja bonds yu chattinn bout paypah promises beinn made dat guv affii taxx jamaicans more inn da future fe pay fah
peeps buy bonds den dem buy insurance insurance fe mekk sure dem doan lose money. deerivative iss da fancy way aff sayinn dat dem bigg peeps wey buy ja bonds git insurance fe limit dem llieabilitee cah dem caan lock inn price ann intarest rate inn da future cah tammaraw nuh promise. itt bout hedginn dem betts. itt natt onlee bout buyinn da bonds itt oww de companee caan use de fe mekk more money weddar swappinn ar sellinn.
itt beecause dem can tekk dat risk y dem able fe mekk badd loans to poor jamaicans. yu neva ear dat inn ja yu caan use yu car as secure collateral fe gitt loans cah de bigg peeps can bundle awl dem bad loan by buyinn derivatives (insurance) fe cover iff peeps pay aff de bad loans ar doan pay aff de badd loans. so wen yu chatt bout company nuh produce nuttinn butt dem mekkinn prafitt by holdinn paypahs mii bett yu deerivative a gawn.
so wen yu chatt bout manee yawdees ave dem savinn inn ja bonds directlee ar indirectlee itt a double taxation ting. peeps woo earninn wass tax buy ja bonds dat allow da guv borrow more money dat will affii taxx yawdee again fe pay itt aff
cho richd mii tink a financial genius wood ovatand wen mii onlee nyam allf att fiyah place. natt seyinn dat de company yu mention inna derivatives cah mi neva doo research pon itt butt iff dem natt mii wood be shocked. wat mii chattinn bout iss ow dem caan use paypah ann insurance fe push ja eecaanyamikk growth
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: SistaCtry</div><div class="ubbcode-body">((((giant))))) a long time me no deh bout, but i just had to tell u, ur pic sweeeeet,
me haffe go read all dis later, </div></div>
waah gawn sistactry
mii add fe gitt a pitcha aff winnie winne mandela (mama afrikka to mii) cah mii neva like oww sum eediat yuths shootinn wildlee killed a blakk maddar aff 12 wey used ar body fe shield ar yuth ann addar yuths. mii knoo sum peeps wood chatt nunsense bout oww much yuths shii add soo mii decide fe change da pitcha fe bigg upp blakk madders wey deserved respect
bruce golding sold out jamaicans jobs widd da free trade pact dat imm agreed to.
oww bruce aggoo argue dat jamaicans doan need preferential treatment fram oyinbo slave owninn countree cah aff jamaica histaree aff slaveree ann colonialization
kisteet...bruce can't even think about those kinds of arguments;
gadaffi talked about repoarations and you see what happened to him;
bruce should just wear a skirt for the remainder of his time in the public eye...no cahones whatsoever...
this man could not even hold michael manley's jock strap
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: blakkgiant</div><div class="ubbcode-body">bruce golding sold out jamaicans jobs widd da free trade pact dat imm agreed to.
oww bruce aggoo argue dat jamaicans doan need preferential treatment fram oyinbo slave owninn countree cah aff jamaica histaree aff slaveree ann colonialization </div></div>
what jobs? what has been off shored from Jamaica? Jamaica manufacturing sector was killed formt he early 90s under the last administration. I remember back in the late 80's early 90s wen i was in St Lucia i went to supermarket and pick up tooth paste _ made in Jamaica, laundry detergent- made in Jamaica - bath soap - made in Jamaica the cooking oil was made in Jamaica. fast forward to 2000 even in Jamaica you could not find anything saying made in Jamaica.
When its hot in the jungle of peace I go swimming in the ocean of love.....
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: blakkgiant</div><div class="ubbcode-body">bruce golding sold out jamaicans jobs widd da free trade pact dat imm agreed to.
oww bruce aggoo argue dat jamaicans doan need preferential treatment fram oyinbo slave owninn countree cah aff jamaica histaree aff slaveree ann colonialization </div></div>
what jobs? what has been off shored from Jamaica? Jamaica manufacturing sector was killed formt he early 90s under the last administration. I remember back in the late 80's early 90s wen i was in St Lucia i went to supermarket and pick up tooth paste _ made in Jamaica, laundry detergent- made in Jamaica - bath soap - made in Jamaica the cooking oil was made in Jamaica. fast forward to 2000 even in Jamaica you could not find anything saying made in Jamaica. </div></div>
since bruce investinn more money tourism wey da money fi developed manufacturinn. bruce didd a badd jab bigginn upp da jamaica brand. dat y imm sell air jamaica fe $1
mii chattinn bout bruce policies fe forgo good payinn jabs fe lower payinn jabs similar to wat seaga didd by lowerinn wages fii gitt eecaanyamikkk growth. iff yu lower da wages inn jamaica dat doan mean qualitee aff life decline fe moas peeps. bruce push a free trade agreement fi eliminate trariff butt farreen yaawdee wen send barrel to dem families aff pay bigg
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: blakkgiant</div><div class="ubbcode-body">
since bruce investinn more money tourism wey da money fi developed manufacturinn. bruce didd a badd jab bigginn upp da jamaica brand. dat y imm sell air jamaica fe $1
mii chattinn bout bruce policies fe forgo good payinn jabs fe lower payinn jabs similar to wat seaga didd by lowerinn wages fii gitt eecaanyamikkk growth. iff yu lower da wages inn jamaica dat doan mean qualitee aff life decline fe moas peeps. bruce push a free trade agreement fi eliminate trariff butt farreen yaawdee wen send barrel to dem families aff pay bigg </div></div>
who dem have free trade agreement with? what tarriff has been eliminated?
explain to me little more bout how seaga lowered the wages
When its hot in the jungle of peace I go swimming in the ocean of love.....
under PJ and OMar wen di dollar start to slip dem decide tha high interest rate is the way to go.
dem sey dem nah go IMF or world bank dem can raise money demself. so dem go float external bind issues
in europe and in NY. dem paying all 13% 14% peopel jump pan it. mean time at home dempus prime rate into the 40's so
if you have money in the bank yuh getting dem kinda return. dem realize sey local people want a taste of the action too
so dem start float bonds locall paying up to 45%. everybody look and sey why shoudl i go battle in business for, if im lucky, 20%
return on my investment when i can jus buy govt bonds and sit at home and watch the money roll in. companys stop investing,
the aforemention SEPROD who used to produce soap, cooking oil and those kind of things shut down production lock up the plant
all the money they had went to govt paper. the kept rolling it over making millions and milions. the Jamaican people get such
a taste for this govt paper that Omar realize sey him dont even have to bother go Europe or NY to raise dollars...him can do
it right at home. so him have access to all kinds of money, no question asked no conditions but instead of paying IMF or WB 2/3/4%
they paying 11/12/13% on US denominated or Euro denominated bonds ..they were paying 19-35% on JMD denominated bonds.
Last years exercise was to bring some of this in line...the IMF money was in case financial institutions felt shock from
this restructuring.
When its hot in the jungle of peace I go swimming in the ocean of love.....
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: jah_yout</div><div class="ubbcode-body">kisteet...bruce can't even think about those kinds of arguments;
gadaffi talked about repoarations and you see what happened to him;
bruce should just wear a skirt for the remainder of his time in the public eye...no cahones whatsoever...
this man could not even hold michael manley's jock strap
</div></div>
sah manee jamaicans pon yah a trii fii bigg upp bruce fe ja eecaannyamikk growth dat y mii affii challenge dem argument. didd ja eecaanyamikk growth reduce ja unemployment ann pavertee ar didd itt juss increase wealth aff rich yaawdees? bruce eecaanyamikk policies reduced da purchasinn power aff poor ann wukkinn class jamaicans.
imagine yaawd teachers raises neva cova cast aff inflation cah dem add fe renegotiate raises dat wass agreed to inna da past
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body"><div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: blakkgiant</div><div class="ubbcode-body">
since bruce investinn more money tourism wey da money fi developed manufacturinn. bruce didd a badd jab bigginn upp da jamaica brand. dat y imm sell air jamaica fe $1
mii chattinn bout bruce policies fe forgo good payinn jabs fe lower payinn jabs similar to wat seaga didd by lowerinn wages fii gitt eecaanyamikkk growth. iff yu lower da wages inn jamaica dat doan mean qualitee aff life decline fe moas peeps. bruce push a free trade agreement fi eliminate trariff butt farreen yaawdee wen send barrel to dem families aff pay bigg </div></div>
who dem have free trade agreement with? what tarriff has been eliminated?
explain to me little more bout how seaga lowered the wages
</div></div>
mii chattinn bout da free trade agreement widd europe dat bruce pushed. breallee gitt mii upset wen imm gawn like itt thyme jamaicans stapp gawn like dem need reparation fe slaveree
trariff pon certain yaawd products dat wii xxport. dat wood result inn more cheaper farreen goods sellinn inn ja so less protectshan fe yaawd bizz. yu knoo da comparative bizzness argument. mii still cood neva figgar y jamaica neva grow awl dem banana organic ann charge more fe natural foods instead aff tryinn fe compete widd cheaper banana grown widd fertilliezers
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: blakkgiant</div><div class="ubbcode-body">
manley didd mess upp too </div></div> what about PJ?
When its hot in the jungle of peace I go swimming in the ocean of love.....
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: RichD</div><div class="ubbcode-body">under PJ and OMar wen di dollar start to slip dem decide tha high interest rate is the way to go.
dem sey dem nah go IMF or world bank dem can raise money demself. so dem go float external bind issues
in europe and in NY. dem paying all 13% 14% peopel jump pan it. mean time at home dempus prime rate into the 40's so
if you have money in the bank yuh getting dem kinda return. dem realize sey local people want a taste of the action too
so dem start float bonds locall paying up to 45%. everybody look and sey why shoudl i go battle in business for, if im lucky, 20%
return on my investment when i can jus buy govt bonds and sit at home and watch the money roll in. companys stop investing,
the aforemention SEPROD who used to produce soap, cooking oil and those kind of things shut down production lock up the plant
all the money they had went to govt paper. the kept rolling it over making millions and milions. the Jamaican people get such
a taste for this govt paper that Omar realize sey him dont even have to bother go Europe or NY to raise dollars...him can do
it right at home. so him have access to all kinds of money, no question asked no conditions but instead of paying IMF or WB 2/3/4%
they paying 11/12/13% on US denominated or Euro denominated bonds ..they were paying 19-35% on JMD denominated bonds.
Last years exercise was to bring some of this in line...the IMF money was in case financial institutions felt shock from
this restructuring. </div></div>
imf ann wurld bank cum widd "canditions" dat wen fallawed neva improved de borrowers ann leave countrees furdar impoverished cah dem usuallee aff sell aff sum aff dem bettar assets. so fii sell guv paypah to yaawdees wild keepinn dem future revenue producinn assets wass preferable. mii luv wen awl dem victims aff de imf ann wurld bank bawl bout oww dem fallaw de imf ann wurld advice dem end upp poorer ann imf tell dem itt cah dem neva fallaw xxactlee wat dem tell dem fe do. richd iff de imf policies fail inn da past y go back to failed policies
<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: blakkgiant</div><div class="ubbcode-body">
imf ann wurld bank cum widd "canditions" dat wen fallawed neva improved de borrowers ann leave countrees furdar impoverished cah dem usuallee aff sell aff sum aff dem bettar assets. so fii sell guv paypah to yaawdees wild keepinn dem future revenue producinn assets wass preferable. mii luv wen awl dem victims aff de imf ann wurld bank bawl bout oww dem fallaw de imf ann wurld advice dem end upp poorer ann imf tell dem itt cah dem neva fallaw xxactlee wat dem tell dem fe do. richd iff de imf policies fail inn da past y go back to failed policies </div></div>
are the policies being employed the same as the 1970's/ 1980's? are the economic conditions the same?
you sounding like the GOP talkers fah true
When its hot in the jungle of peace I go swimming in the ocean of love.....
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