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#213422 - 08/25/06 06:50 AM Re: Belize PM Insists Dollar Will Not Be Devalued
bywarren Offline
I just enjoy the country. Great steaks and wine. Do some bird hunting and sight seeing. Checking out Antartica in Feb.

PS: GBZ39, you can also add to your comment "As I said in previous messages....the smart money has already left Belize or is on its way out". That the money stollen by the politicians has left.

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#213423 - 08/25/06 11:51 AM Re: Belize PM Insists Dollar Will Not Be Devalued
GBZ39 Offline
Jinx.....when you're in international business and employed by a large firm you go where you are told or where the action is.

In my youth the action was where there happened to be devaluations. One of the deals in finance was to try and minimize the effect.

That is what I'm trying to convey here.....

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#213424 - 08/25/06 02:34 PM Re: Belize PM Insists Dollar Will Not Be Devalued
Barbara K Offline
Isn't there talk of having all CARICOM countries using a common $$ like the Euro system in Europe? How will that affect things? Or is it too far in the future to make a difference to Belize now?
_________________________
www.barbsbelize.com

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#213425 - 08/25/06 03:26 PM Re: Belize PM Insists Dollar Will Not Be Devalued
Marty Offline
there is certainly talk along those lines, how that would change things is beyond my pay grade.

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#213426 - 08/25/06 03:53 PM Re: Belize PM Insists Dollar Will Not Be Devalued
Anonymous
It sure wouldn't do anything towards bailing Belize out of the huge hole its in.

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#213427 - 08/25/06 04:23 PM Re: Belize PM Insists Dollar Will Not Be Devalued
ida_y_vuelta Offline
didn't a lot of the smaller countries in europe suffer a little (or a lot) b/c of the change in currency??? so if it did it would prob affect belize in a similar manner!

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#213428 - 09/01/06 01:15 PM Re: Belize PM Insists Dollar Will Not Be Devalued
GBZ39 Offline
Read the latest IMF report....IMF Concludes Annual Article IV Mission to Belize ....in this forum.

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#213429 - 09/01/06 03:49 PM Re: Belize PM Insists Dollar Will Not Be Devalued
Anonymous
Traditionally, the more strongly politicians deny what it is suspected they may do, the more likely it is that they will in fact do it. Not that it'll do any good - I'm with Chris on this one.

I'm also with GPZ39 on his analysis of why Belize is in this mess. The fact is that the GNP of a country with such a basic economy is going to be very low, and the total wealth produced by a population of only about 1/4 million isn't going to be a lot. Yet reports suggest large amounts of US$ have been stolen from who knows where by certain politicians and their wives, in quantities that amount to a great deal per Belizean. How come this isn't a criminal offence, or is it that it is and the judiciary has been too corrupted?

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