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Sean posted:

Na is you mekking yourself foolish by attempting to whitewash and defend the shameless PNC SOB’s and Shyteholeism. 

The conversation is beyond your limitation. Do you see i am quarreling with any one.

Baseman posted:

And why does Labba "Like" your post everytime you say TK?  Dem two gatt something going on?  Wuh wan lil cane juice squeezer know bout these things!

Me thinks TK does buy cane juice and egg ball from Labba stand , so they become friends learning a thing or two from him.

That's Guyanese style , you see someone regularly then you become friends.

Sean posted:

You disgracing yourself daily on GNI by attempting to defend the shameless PNC SOB’s. 

Please keep out if you don't have anything positive to contribute on threads. Since when Facts are defending ??

Last edited by Django
Sean posted:

😂😂😂😂

A lot of shyteholeism going on between Labba and TK. He gat a direct line to TK 

Bai we is family...but TK lil briga pon abie. Abie is de business peopkle and de money peopkle and TK drive lil corrolla and live one bedroom govt apartment a Miami...hey hey hey.

Django posted:
Sean posted:

Na, he using google pushing pro PNC biased articles. That’s his BS research. PNC snake oil bottle buss a loooonggg time ago. Guyanese have had enough of PNC Shyteholeism and Burgery. 

Google was designed to obtain information easily, you have to have the smarts how to find them.

Look at ayuh like hyenas , ready for the kill , the only one here who don't buying to alyuh tribal politics.

So bhai Djanjo, suddenly GOOGLE is god in your books and when facts are posted about PPP accomplishments , you claimed all kinds of fake news is posted. 

So where exactly you stand. 
The other day you posed “ GOOGLE IS NOT WHAT IT SEEMS “ which has lots of meaning as per your headline. 

Django posted:
Sean posted:

You disgracing yourself daily on GNI by attempting to defend the shameless PNC SOB’s. 

Please keep out if you don't have anything positive to contribute on threads. Since when Facts are defending ??

Django, you are on record as saying “ you are exposing crooked politicians “ ... I am yet to see you exposing anyone from the current government 😄. 

Dave posted:
Django posted:
Sean posted:

Na, he using google pushing pro PNC biased articles. That’s his BS research. PNC snake oil bottle buss a loooonggg time ago. Guyanese have had enough of PNC Shyteholeism and Burgery. 

Google was designed to obtain information easily, you have to have the smarts how to find them.

Look at ayuh like hyenas , ready for the kill , the only one here who don't buying to alyuh tribal politics.

So bhai Djanjo, suddenly GOOGLE is god in your books and when facts are posted about PPP accomplishments , you claimed all kinds of fake news is posted. 

So where exactly you stand. 


The other day you posed “ GOOGLE IS NOT WHAT IT SEEMS “ which has lots of meaning as per your headline. 

Did you read the article about Google ?  why the headline was chosen by the author.

Google is a good source to get documents written by institutions and people.

Regarding the PPP i am aware of what is accomplished under Jagdeo's PPP and can figure truth from false.

Last edited by Django
Dave posted:
Django posted:
Sean posted:

You disgracing yourself daily on GNI by attempting to defend the shameless PNC SOB’s. 

Please keep out if you don't have anything positive to contribute on threads. Since when Facts are defending ??

Django, you are on record as saying “ you are exposing crooked politicians “ ... I am yet to see you exposing anyone from the current government 😄. 

Saw ayuh hounding a female minister , i posted some info on the thread.

Last edited by Django
Baseman posted:
Django posted:

Baseman , I have the figures will post later, go to IMF website there are papers there, instead of jumping all over the place.

We aren't in competition on GNI to prove who are better.

Not sure what you getting at.  In the 90's Guyana was $2 bil in debt with a  $300 mil GDP.  Today Guyana is $1.3 Bil in debt with a (Nominal) $4 bil GDP.

Check out HIPC countries!

Actually the exact figures on debt.

From your post on Guyana current debt ,this government borrowed US$ 0.2 billion or US$200 million in 4 yrs. The debt in 2015 was US$1.1 billion.

Last edited by Django
Django posted:
Baseman posted:
Django posted:
Billy Ram Balgobin p

What research are you doing? 

Lies, half-truths,

and slander coming from you is not research. 

All the documents from the IMF and other Institutions are on my Computer. Also documents that are related to Guyana history.

Do you consider confronting the lies by  your god putinisque slander ???

None of what I wrote was based on "Putinesque"!  I knew these facts from a while back.  I remember when the PNC said 96% of the foreign earnings went to service debt. There is nothing new here, was part of the HIPC debt relief initiative.  I just needed to find some articles!

You don't have to post long articles  to bolster your argument , they are short and sweet in the IMF reports.

My response was for Billyram.

Banna, you are noted for cut and paste without highlighting!  I posted the whole document but highlighted the key figures/info, total debt to GDP and debt service ratios!

If I don’t and leave out some piece of pertinent info, you’ll say I’m cherry picking!

Baseman posted:

Django, did you ever find yuh figgas to dispute what I posted?

I am going to prepare a paper on Politics and Economy of Guyana  with emphasis on debt ,payments  and recommendations for restructuring from 1985 , there will be the figures of Debt and Payments. You figure is way off regarding payments in 1992 ,when the PPP came to office.

Last edited by Django

Hey Djanjo, can you also prepare a paper on Politics and Economy from 2015 to current . 
it must be done with your own analysis.. no cut and paste ok 

Last edited by Former Member
Django posted:
Baseman posted:

Django, did you ever find yuh figgas to dispute what I posted?

I am going to prepare a paper on Politics and Economy of Guyana  with emphasis on debt ,payments  and recommendations for restructuring from 1985 , there will be the figures of Debt and Payments. You figure is way off regarding payments in 1992 ,when the PPP came to office.

We don't need all that mumbo-jumbo bull-crap!  The question(s) are simple:

1.  What was the Debt to GDP Ratio and the Interest Cover Ratio in 1992?

2.  What was the Debt to GDP Ratio and the Interest Cover Ratio in 2015?

And let's stick with Forex Debt which need to be serviced in Forex!

Dave posted:

Hey Djanjo, can you also prepare a paper on Politics and Economy from 2015 to current . 
it must be done with your own analysis.. no cut and paste ok 

And Django say we must believe his analysis over the other analysis found on-line!

Baseman posted:
Django posted:
Baseman posted:

Django, did you ever find yuh figgas to dispute what I posted?

I am going to prepare a paper on Politics and Economy of Guyana  with emphasis on debt ,payments  and recommendations for restructuring from 1985 , there will be the figures of Debt and Payments. You figure is way off regarding payments in 1992 ,when the PPP came to office.

We don't need all that mumbo-jumbo bull-crap!  The question(s) are simple:

1.  What was the Debt to GDP Ratio and the Interest Cover Ratio in 1992?

2.  What was the Debt to GDP Ratio and the Interest Cover Ratio in 2015?

And let's stick with Forex Debt which need to be serviced in Forex!

Report No. 10307-GUY

Guyana From Economic Recovery to Sustained Growth April 10, 1992.

World Bank Latin America and the Caribbean Region

 

This report is based on a World Bank economic mission which visited

Guyana in October-November,1991

 

Currency Equavalents

 

Average exchange rates prevailing during recent years, Guyanese dollars (G$) per US $1.00,period average:

 

1988 - $10.00

1989 - $27.16

1990 - $39.53

1991 - $111.80

December, 1991 -$122.00

 

External Accounts 1.14

 

The large external debt of Guyana, presently about $2.0 billion (end 1990), presents a continued burden on the recovery program. At current exchange rates, this represents a debt equal to about 6 times the total GDP (as of the end of 1991). Scheduled debt service in 1990 equaled 99 % of the exports of goods and non-factor services.

 

About one-quarter of the debt is owed to multilateral agencies, and therefore not subject to rescheduling. About half of the debt is owed to bilateral lenders, and only a relatively small portion is owed to private creditors, banks and supplies.

 

The projected debt payments for 1992 will amount to approximately 41 % of exports of goods and non-factor services.

 

This report calculated debt payments as percentage of exports and non-factor services.

 

Here link to report for more details. http://documents.worldbank.org...4/pdf/multi0page.pdf

Last edited by Django
Django posted:
Baseman posted:
Django posted:
Baseman posted:

Django, did you ever find yuh figgas to dispute what I posted?

I am going to prepare a paper on Politics and Economy of Guyana  with emphasis on debt ,payments  and recommendations for restructuring from 1985 , there will be the figures of Debt and Payments. You figure is way off regarding payments in 1992 ,when the PPP came to office.

We don't need all that mumbo-jumbo bull-crap!  The question(s) are simple:

1.  What was the Debt to GDP Ratio and the Interest Cover Ratio in 1992?

2.  What was the Debt to GDP Ratio and the Interest Cover Ratio in 2015?

And let's stick with Forex Debt which need to be serviced in Forex!

Report No. 10307-GUY

Guyana From Economic Recovery to Sustained Growth April 10, 1992.

World Bank Latin America and the Caribbean Region

 

This report is based on a World Bank economic mission which visited

Guyana in October-November,1991

 

Currency Equavalents

 

Average exchange rates prevailing during recent years, Guyanese dollars (G$) per US $1.00,period average:

 

1988 - $10.00

1989 - $27.16

1990 - $39.53

1991 - $111.80

December, 1991 -$122.00

 

External Accounts 1.14

 

The large external debt of Guyana, presently about $2.0 billion (end 1990), presents a continued burden on the recovery program. At current exchange rates, this represents a debt equal to about 6 times the total GDP (as of the end of 1991). Scheduled debt service in 1990 equaled 99 % of the exports of goods and non-factor services.

 

About one-quarter of the debt is owed to multilateral agencies, and therefore not subject to rescheduling. About half of the debt is owed to bilateral lenders, and only a relatively small portion is owed to private creditors, banks and supplies.

 

The projected debt payments for 1992 will amount to approximately 41 % of exports of goods and non-factor services.

 

This report calculated debt payments as percentage of exports and non-factor services.

 

Here link to report for more details. http://documents.worldbank.org...4/pdf/multi0page.pdf

So my information was correct!  I thought you had contracting data!

Baseman posted:
Django posted:
Baseman posted:
Django posted:
Baseman posted:

Django, did you ever find yuh figgas to dispute what I posted?

I am going to prepare a paper on Politics and Economy of Guyana  with emphasis on debt ,payments  and recommendations for restructuring from 1985 , there will be the figures of Debt and Payments. You figure is way off regarding payments in 1992 ,when the PPP came to office.

We don't need all that mumbo-jumbo bull-crap!  The question(s) are simple:

1.  What was the Debt to GDP Ratio and the Interest Cover Ratio in 1992?

2.  What was the Debt to GDP Ratio and the Interest Cover Ratio in 2015?

And let's stick with Forex Debt which need to be serviced in Forex!

Report No. 10307-GUY

Guyana From Economic Recovery to Sustained Growth April 10, 1992.

World Bank Latin America and the Caribbean Region

 

This report is based on a World Bank economic mission which visited

Guyana in October-November,1991

 

Currency Equavalents

 

Average exchange rates prevailing during recent years, Guyanese dollars (G$) per US $1.00,period average:

 

1988 - $10.00

1989 - $27.16

1990 - $39.53

1991 - $111.80

December, 1991 -$122.00

 

External Accounts 1.14

 

The large external debt of Guyana, presently about $2.0 billion (end 1990), presents a continued burden on the recovery program. At current exchange rates, this represents a debt equal to about 6 times the total GDP (as of the end of 1991). Scheduled debt service in 1990 equaled 99 % of the exports of goods and non-factor services.

 

About one-quarter of the debt is owed to multilateral agencies, and therefore not subject to rescheduling. About half of the debt is owed to bilateral lenders, and only a relatively small portion is owed to private creditors, banks and supplies.

 

The projected debt payments for 1992 will amount to approximately 41 % of exports of goods and non-factor services.

 

This report calculated debt payments as percentage of exports and non-factor services.

 

Here link to report for more details. http://documents.worldbank.org...4/pdf/multi0page.pdf

So my information was correct!  I thought you had contracting data!

The facts are in 1992 external debt was 700% GDP with servicing @ 96% of revenues.

The above what you said, you have increased debt by a couple million dollars.

Don't know how you arrived at 96 % of revenues for debt servicing,perhaps you can explain.

Guyana - GDP 1992  $0.37 billion

https://www.macrotrends.net/co...oss-domestic-product

Guyana-Export percentage of GDP 125.75

https://www.theglobaleconomy.com/Guyana/exports/

Last edited by Django
Django posted:
Baseman posted:
Django posted:
Baseman posted:

Report No. 10307-GUY

Guyana From Economic Recovery to Sustained Growth April 10, 1992.

World Bank Latin America and the Caribbean Region

 

This report is based on a World Bank economic mission which visited

Guyana in October-November,1991

 

Currency Equavalents

 

Average exchange rates prevailing during recent years, Guyanese dollars (G$) per US $1.00,period average:

 

1988 - $10.00

1989 - $27.16

1990 - $39.53

1991 - $111.80

December, 1991 -$122.00

 

External Accounts 1.14

 

The large external debt of Guyana, presently about $2.0 billion (end 1990), presents a continued burden on the recovery program. At current exchange rates, this represents a debt equal to about 6 times the total GDP (as of the end of 1991). Scheduled debt service in 1990 equaled 99 % of the exports of goods and non-factor services.

 

About one-quarter of the debt is owed to multilateral agencies, and therefore not subject to rescheduling. About half of the debt is owed to bilateral lenders, and only a relatively small portion is owed to private creditors, banks and supplies.

 

The projected debt payments for 1992 will amount to approximately 41 % of exports of goods and non-factor services.

 

This report calculated debt payments as percentage of exports and non-factor services.

 

Here link to report for more details. http://documents.worldbank.org...4/pdf/multi0page.pdf

So my information was correct!  I thought you had contracting data!

The facts are in 1992 external debt was 700% GDP with servicing @ 96% of revenues.

The above what you said, you have increased debt by a couple million dollars.

Don't know how you arrived at 96 % of revenues for debt servicing,perhaps you can explain.

Guyana - GDP 1992  $0.37 billion

https://www.macrotrends.net/co...oss-domestic-product

Guyana-Export percentage of GDP 125.75

https://www.theglobaleconomy.com/Guyana/exports/

Bai, you own posting says in 1990 Scheduled Debt service accounted 99% of Export Goods and services!  I believe when you add the sale of assets, you get 70~%!

Know when to quit!

Last edited by Baseman
Django posted:

Baseman , we are discussing 1992 , not 1990 . Don't try to put wool over our eyes.

Banna, I know so!  So Guyana had a massive change between the time.  I said 1992 was around 96% as it was quoted in an article some time ago.

So, what's your %!

You trying to slice it every which way to show the PNC was not disastrous fiscal stewards for Guyana.  Now they gutted what's left of Sugar and Forex earnings for sugar went from USD 235 Mil in 2015 to USD 29 Mil in 2019.  And you wondering why the GYD has depreciated!

Banna, slice and dice which ever way you want, in 2019 External debt is 33% of GDP and Debt Service Cover Ratio stands at 7.5% of Export earnings!

Last edited by Baseman