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Aug 21, 2012

Does Superbond nonpayment economically impacts your life?

Tonight’s question is: Do you think that the non-payment of the super bond will have an economic impact on your life? Send your comments and responses using your SMART phones to 8686 or post your vote on our e-poll at channel5belize.com. You can also send an email with your comments to questions@channel5belize.com.

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2 Responses for “Does Superbond nonpayment economically impacts your life?”

  1. Storm says:

    National default can’t be good for working Belizeans. Ultimately it can chase away investment, drive dollars out of our bank, and devalue the Belize dollar. In other words, buy less with your savings and earnings.

    It will also mean the government cannot get credit, but I’m not sure how bad that is. GOB has never handled the national credit card wisely, and has piled up so much debt our children and grandchildren are enslaved by debt that won’t be repaid for at least two generations. Truthfully, for the sake of our children’s futures, it might be better to emigrate almost anywhere else.

    It was a heck of a spending spree — how do we feel about it today? Did we get our money’s worth?

  2. Initiate! says:

    This whole superbond thing is not just a political thing, it is a culture that all of us Belizeans share in. In other words, don’t just be wishing and point at the leaders and politicians for them to get this right, let this whole think speak to you personally on how you can adjust and do better and be wiser with your money, and make your money more productive; as a true Belizean.

    To me, the button line is that Belize got a whole big chunk of money years ago. Now we need to pay it back, and the reason why we can’t pay it back is because each one of us Belizeans were not productive enough with the money that was lent to us. We spent the money on ‘un-productive’ things, things that don’t bring a proper return. We didn’t’ properly invest the money, rather we spent it. Consumers verses producers,, yes you got it!!

    If I get a $1,000 pay check, how much of that is re-invested and how much of that is simply consumed ? And so yes this affects our ability as a country to repay our debts.

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