skeldon_man posted:yuji22 posted:skeldon_man posted:Mars posted:Drugb posted:Mars posted:During the Jagdeo era, the US State Department reported that the underground economy accounted for between 40 - 60% of the formal economy in their 2007 report. They are still using the 40% number in their latest reports.
Here is an excerpt from the State Department International Narcotics Control Strategy Report issued in 2007.
Page 196 - https://www.state.gov/document...ganization/81447.pdf
Guyana
Guyana is neither an important regional nor an offshore financial center, nor does it have any free trade zones. However, the scale of money laundering is thought to be large relative to the size of the economy, with some experts estimating that the informal economy is 40 to 60 percent of the size of the formal sector. Money laundering has been linked to trafficking in drugs, firearms and persons, as well as to corruption and fraud. Drug trafficking and money laundering appear to be benefiting the Guyanese economy, particularly the construction sector. Investigating and prosecuting money laundering cases is not a priority for law enforcement. The Government of Guyana (GOG) made no arrests or prosecutions for money laundering in 2006 due to a lack of adequate legislation and resources.You need to inform the jackass TK to get his facts straight. I notice that you consider the "informal economy" synonymous with 'drug trafficking". This is quite a reach considering the definition below. You pnc supporters take quite some liberties with your consideration of drug trafficking contributions to the economy, considering that 75% of the commerce in Guyana is under the table.
The informal sector, informal economy, or greyeconomy is the part of an economy that is neither taxed, nor monitored by any form of government. Unlike the formal economy, activities of the informal economy are not included in the gross national product (GNP) and gross domestic product (GDP) of a country.
As usual, you're manufacturing "alternative facts" that do not exist. I never said that the informal economy is synonymous with drug trafficking. Proceeds from drug trafficking make up a part of the informal economy but they are not the same.
TK also wrote and I quote "The narco economy is one component of the underground or parallel economy".
The narco-economy is still active during this PNC admin. Who do you think is swallowing cocaine pellets and shitting them out in the hotels and immigration rooms?
Word on the street is that the Narco trade is actually growing under the PNC. The face of the Narco traders are now of a different colour. Just an exchange.
The AFC/PNC lame excuse about the narco trade and the economy is sheer BS. They just can't govern.
TK put his foot in his mouth with his BS essay. He deserves an F with this BS.
Remember Lear Goring and Noel Blackman? Two drug dealers who were being employed by the PNC.
The PNC has take over the Narco trade in Guyana. I remember those scumbags.