Locally Owned

[Irine]

I will watch it for sure, thanks.
I guess Accompong I have a hard time understanding why the IMF charges the interest they do when they know it will cripple the country that has to make the payments. And it's not a Jamaica conversation alone, they loan money to many countries who struggle with repaying it. Definitely don't want to star an argument, not my nature, just an opinion shared.

Irine, if you haven't seen it, I would recommend that you watch the documentary "Life and Debt".

https://en.wikipedia.org/wiki/Life_and_Debt

[Accompong]

I will watch it for sure, thanks.
I guess Accompong I have a hard time understanding why the IMF charges the interest they do when they know it will cripple the country that has to make the payments. And it's not a Jamaica conversation alone, they loan money to many countries who struggle with repaying it. Definitely don't want to star an argument, not my nature, just an opinion shared.

I didn't mean with you necessarily. Just that everyone has a different opinion on things. The IMF has to charge interest because it uses other people's money to make the "secured loans" (which they back) and the investors who put the money up are not in the give away business. If Jamaica had good credit, they could go elsewhere but they don't.

Also, thanks Rasta Animal for adding that important video. It is in my collection and watched quite a bit.

Think about this. If you were a private investor, would you want to invest in a country where it's currency wasn't properly stabilized? As soon as you convert your currency into Jamaican Dollars you are at the will of the market value. Look at Venezuela now where $1 US is worth $41290 Venezuelan Bolivars on the black market and virtually worthless and Jamaica owes them money for oil they supplied.

Crime will have to be stabilized before foreign investments will feel comfortable with risking their money on a large scale other than possibly hotels.

Peace and Guidance