Tuesday, August 4, 2009

A Financial Maze

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2 comments:

Anonymous said...

Well done Mr Editor. However, I think it is incumbent on you and your paper to investigate the state of this country and to report to your readers the present situation. I must say it doesn't look good right now. We depend on you. Don't let us down!

August 4, 2009 at 2:21 PM
LuciaBoy said...

In an earlier post I alluded to the shroud of secrecy surrounding these transactions whereby even members of parliament are making conflicting statements about their nature. The Leader of the Opposition has one set of "facts" and the other Ministers posess countervailing "facts" about the same transaction while the truth wallows somewhere within the continuium.

We are borrowing money at quick clips from institutions which do not have our best interest at heart. What are the conditionalities imposed by the IMF upon our country in the wake of this loan. We are going to pay for this loan by having less water in our taps, more school leavers unemployed, no medicine at our health clinics, no stipends for our indigent and older folks.

The people at the helm of the management of our economy are clueless about the country's income prospects and our capacity to repay these mounting debts.
Where is the corresponding increase in productivity to counterbalance these increases in financial obligations.

I shudder to think of the way things will be when it's time to pay the piper. If you think crime is bad now.....

August 4, 2009 at 8:35 PM

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