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Showing posts with the label national debt

Reparations MUST be Nation Building

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Taken From:  Reparations or Wealth Redistribution? Reparation is not about an individual nor is it about a person’s percentage of blackness. Reparations is about Nation States created out of slavery and colonization used primarily for wealth extraction and then left at a disadvantage, to suffer. Many of which are still suffering from the lingering negatives effects of European slavery and colonization. Reparation is about the equitable redistribution of stolen wealth back to the countries where such wealth was unfairly extracted.  It does not matter the colour of skin or genetic makeup of the people living in these territories. What matters is that countries like Jamaica was unfairly used and abused, suffered greatly under a cruel and Inhumane system that extracted all its wealth and was left with nothing, to suffer for hundreds of years to come.  Reparation is about returning wealth and uplifting countries left at a disadvantage, out of poverty. Slavery and colonisa...

When Dog have money, him buy cheese!!

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As we all know this Government went to the IMF and borrowed US$800 Million, then they went to the Bond market and borrowed an additional US$800 Million, this coupled with the US$850 plus million the last Government borrowed. This PNP Government then decided to add some US$200 Million to prop up the NIR, which I willing to accept since it supposedly represents putting aside money for a rainy day, yeah right (lol). Jamaica’s national debt now stands at just over $2 Trillion Jamaican dollars. But I am NOT willing to accept the fact that the Government and BOJ decided to pump money into the foreign exchange market so that Jamaicans can use it to buy Brazilian weave and Butch Stewart's son can import expensive luxury automobiles, along with the loads of rubbish we import that undermines local production.  Instead of using the borrowed money to stimulate the exporting sectors, stimulate the agricultural and manufacturing sector the Government decided to prop up the exchange rate,...