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	<title>Comments on: An Interesting Dilemma</title>
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		<title>By: Joe Coxall</title>
		<link>http://www.stabroeknews.com/2008/business/09/19/an-interesting-dilemma/comment-page-1/#comment-32036</link>
		<dc:creator>Joe Coxall</dc:creator>
		<pubDate>Tue, 23 Sep 2008 22:43:48 +0000</pubDate>
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		<description>I am afraid that I have to disagree with this latest interpretation of the EPA, agreement.

Yes they may be able to find job positions for our skilled people overseas as is being done in America, but that is called brain drain my friends, and in any case it is wishful thinking at best and an outright lie at worst. 

Right now Europe is in no position to offer anyone jobs, when they are laying off hundreds of thousands of their own employees, they need jobs themselves.

Mirco loans are a total gimmick, It will put the poor people into further debt by its very nature, because with small amounts of money given to people that does not have a clue about sound money management and what it takes to payback a 12% loan over a period of 5 to 30 years, will only cause them misery and failure.

 One lady is asking for the loan to plant peppers, another need a loan to raise some chickens, all those are subsistence enterprises, that will fold under the sheer burden of repayment of principle and interest. 

If need be, I can present a mock up scenerio of what it will take to raise some chickens in order to repay $5,000.00 US at 12% interest, and I will demonstrate that it is less painful for the lady to take the money, throw a big party, spend the rest on anything she pleases and let the loan go into default, that way she will spare herself all the pain and sacrifice, since the end result will be the same..

These folks are throwing conventional economic development intentions at us, only problem with that, is they have absolutely no intentions of following through.

 Of course they will give you the money and let you screw the plan up yourself, just bear in mind you have to pay it back, because that is their bottom line.

The EU, my friends are not in the business of assisting and nurturing business development and your country, it is too slow ROI, (Return on Investment). They do not want you to build your own shoe factory, they want you to continue to buy Nikes, which they have made in China for about 5 bucks a pop.

 For instance, lets look at some of the &quot;big business&quot; in Guyana that SN ever so often shows their stock portfolio, even the penny stock traders will not even glance at those businesses, what one might decide, is to just buy the entire business, dismantle it, and sell the assets for a profit, and what I just said is no joke, that is what they do all of the time, to businesses around the world.

 A fast buck is what these boys are looking for, and the penny trader is a little kid with his hands in the cookie jar, compared to these master crooks and thieves in the EU.

Here is the solution, forgive all third world debt, since it was money that was created the same way that the US treasury and the Feds are creating money right now. That is, they print it, and lend it to the world as an instrument of Debt, it is legalised fraud, and a crime against humanity.

Allow all countries in this world to print their own money, in any amount they deem fit, and keep your derivitive traders from plundering it, hense causing massive devaluation, and also remove the trade restriction of a Worlds Reserve Currency, since it is international blackmail.

In five years time all of these countries will raise from the depths of despair, and prosper. Qualified Guyanese will be able to return home, since the Government will have all the money they need to pay for the skills, and no debt to repay to the EU.

Skinny would be a productive working man, with a nice little family living  happily in Buxton. Instead he is dead, and many children continue to starve. All thanks to the EU, and their gang of crooks, who bring us nothing but gifts of pain and despair.

Joe.</description>
		<content:encoded><![CDATA[<p>I am afraid that I have to disagree with this latest interpretation of the EPA, agreement.</p>
<p>Yes they may be able to find job positions for our skilled people overseas as is being done in America, but that is called brain drain my friends, and in any case it is wishful thinking at best and an outright lie at worst. </p>
<p>Right now Europe is in no position to offer anyone jobs, when they are laying off hundreds of thousands of their own employees, they need jobs themselves.</p>
<p>Mirco loans are a total gimmick, It will put the poor people into further debt by its very nature, because with small amounts of money given to people that does not have a clue about sound money management and what it takes to payback a 12% loan over a period of 5 to 30 years, will only cause them misery and failure.</p>
<p> One lady is asking for the loan to plant peppers, another need a loan to raise some chickens, all those are subsistence enterprises, that will fold under the sheer burden of repayment of principle and interest. </p>
<p>If need be, I can present a mock up scenerio of what it will take to raise some chickens in order to repay $5,000.00 US at 12% interest, and I will demonstrate that it is less painful for the lady to take the money, throw a big party, spend the rest on anything she pleases and let the loan go into default, that way she will spare herself all the pain and sacrifice, since the end result will be the same..</p>
<p>These folks are throwing conventional economic development intentions at us, only problem with that, is they have absolutely no intentions of following through.</p>
<p> Of course they will give you the money and let you screw the plan up yourself, just bear in mind you have to pay it back, because that is their bottom line.</p>
<p>The EU, my friends are not in the business of assisting and nurturing business development and your country, it is too slow ROI, (Return on Investment). They do not want you to build your own shoe factory, they want you to continue to buy Nikes, which they have made in China for about 5 bucks a pop.</p>
<p> For instance, lets look at some of the &#8220;big business&#8221; in Guyana that SN ever so often shows their stock portfolio, even the penny stock traders will not even glance at those businesses, what one might decide, is to just buy the entire business, dismantle it, and sell the assets for a profit, and what I just said is no joke, that is what they do all of the time, to businesses around the world.</p>
<p> A fast buck is what these boys are looking for, and the penny trader is a little kid with his hands in the cookie jar, compared to these master crooks and thieves in the EU.</p>
<p>Here is the solution, forgive all third world debt, since it was money that was created the same way that the US treasury and the Feds are creating money right now. That is, they print it, and lend it to the world as an instrument of Debt, it is legalised fraud, and a crime against humanity.</p>
<p>Allow all countries in this world to print their own money, in any amount they deem fit, and keep your derivitive traders from plundering it, hense causing massive devaluation, and also remove the trade restriction of a Worlds Reserve Currency, since it is international blackmail.</p>
<p>In five years time all of these countries will raise from the depths of despair, and prosper. Qualified Guyanese will be able to return home, since the Government will have all the money they need to pay for the skills, and no debt to repay to the EU.</p>
<p>Skinny would be a productive working man, with a nice little family living  happily in Buxton. Instead he is dead, and many children continue to starve. All thanks to the EU, and their gang of crooks, who bring us nothing but gifts of pain and despair.</p>
<p>Joe.</p>
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