Prime Minister Roosevelt Skerrit has confirmed that the eight-nation bloc of Latin American and Caribbean ALBA countries agreed on Sunday to deposit one percent of their international reserves into a jointly administered development bank as they seek to deepen economic cooperation.
However he says the decision, announced by officials as Venezuelan President Hugo Chavez hosted leaders of the Bolivarian Alliance bloc, or ALBA, at a meeting in Caracas, takes into account the financial status of the three OECS countries which currently enjoy ALBA membership.
Media reports following the meeting said the countries that have agreed to deposit 1 percent of their international reserves in the ALBA Bank include members Cuba, Ecuador, Bolivia, Nicaragua, Dominica, Antigua and Barbuda and St. Vincent and the Grenadines.
PM Skerrit told a news conference here on Monday however, that Dominica hardly has international reserves, and ALBA is exercising some level of flexibility that will take this into account.
“None of us in the OECS, our members of ALBA, have enough space to have reserves within the ALBA arrangement there is always special and differential consideration for the peculiarities of our economies,” he explained.
PM Skerrit says the one percent international reserves contribution will come from ALBA member states “that have the ability and capacity to so do”.
“There is no expectation that countries like ours that have no money to give, so we won’t be expected to make that one percent available because we do not have it anyway,” he said.
The prime minister also explained further that Dominica was not yet a full fledged member of the ALBA Bank, but that this was under consideration and the island would have to make some kind of contribution if it accepts membership of that financial institution.
“It’s a bank that we support fully, we have not taken loans from the bank yet, this is a bank where you get loans at one and two percent,” Prime Minister Skerrit said, adding that Dominica would soon decide whether or not it becomes an official member of that financial institution.
He indicated that such concessionary loans are disbursed speedily and as far as Dominica is concerned it is a “very attractive proposition”.
Membership however will mean Dominica having to make a contribution, based on the bank’s assessment of the island’s economy and its GDP to determine the size of the contribution that must be made.
It is a funny thing that when you vote people in to a position to lead your country that they can make decisions that a majority don’t agree with.
I would like to suggest that big decisions like these where when the contracts are signed, even if the party is voted out the country is still bound to that contract, we the people get to have some say in the direction taken.
Sorry DNO I dare you to print this …..What is the agenda of DNO when the most significant news on line of recent times was shoved aside from the headlines of DNO NEWS ..the NEWS of the most RESPECT GIVEN TO A LABOUR LEADER BY THE FREEDOM PARTY GROWN PM which was to give respect to this hero of Dominca– EO LEBLANC IN THE NAMING OF HIM ON THE WEST COAST HIGHWAY …. this news arrived and diasppeared in a second … what is the DNO AGENDA??
All other insignificant news about non issues remains highlighted… WHY NOT THE STORY OF THE NAMING OF THE WEST COAST ROAD AS THE EO LEBLANC HIGHWAY THAT THE FREEDOM GROWN PM NOW RECOGNIZES A VIELLE CASE BORN PREMIER.. REALLY DOES SAVARIN / PARRY AND MAYNARD APPROVE OF THIS ?
They who oversaw the DAME EUGENIA BOLIVARD AND THE BUST OF SOMEONE CALLED CECIL RAWLE AT THE ROUNDABOUT AT GOODWILL whilst the HERO of the people EO LEBLANC takes a backseat with some bust in the remote village of VIELLE CASE AND NOT ROSEAU THE CAPITAL though he E.O LEBLANC WAS A REPRESENTATIVE OF THE PEOPLE ALL OVER DOMINICA INCLUDING ROSEAU SOUTH WHICH HE WON OVER FRANK BARON — THE UNDECLARED DEJURE LEADER OF THE FREEDOM PARTY.
They reading dno now he backtracking. That’s why I mentioned before that all opinions matter. Give IRS because they reading it
we are being slowly but surely constricted by this alba snake.more to come.
The ALBA relationship seem more lucrative? No more CSME? CARICOM members gravitating towards ALBA, one-by-one, because of the oil money, or because of the Leftist ideology, or because of better organisation? which one?
How is linking with left organisations and selling Passports to wealthy, business people of reputable character, for plenty, plenty money, be compatible? What about non Dominicans appointed our Ambassadors to foreign countries and given our diplomatic passport in exchange for $$$$$$$$$$$$$$$$$$$ without the people’s knowledge. The Facts are there for all to see.
What about Public Officials amassing quick wealth while in Public office? What about the evidence and revelations of corrupt practices? Are those in line with leftist thinking?
The DLP Govt. continues to disrespect the people of Dominica by not informing, consulting or seeking the best advice before such Agreements are signed. Dominicans can’t you all see the danger. One man, because he is leader, just does things without Dominicans knowing? Is Skerritt Papa God who could do no wrong or make no bad decisions? It is wrong, wrong, wrong, and hinging on dictatorial tendencies for Skerritt to cast aside the people’s concerns.
Irrespective of how many times people express concern of his unilateral moves, he doesn’t care two hoots and continues. Nobody knows what Skerritt has agreed to or signed with ALBA or China, or Morocco OR…….. Is so the country is governed, then? Whose fools are we Dominicans? And if one asks questions, they are deemed terrorist, trouble-makers? Come on in this 21st. century, people are in the dark, not suppose to know what their Govt. is doing on their behalf?
Skerritt concerned about Falklands and British, but for our Bird Island,says nothing, because of Venezuela’s claim to it. Dominicans, we falling into the Pit of destruction and dictatorship. Time will tell. Get back our Conscience. Our Sovereignty is being lost day by day.
I am in agreement with Logo’s comments. We should be very careful how we tread. As the african proverb goes “when two elephants fight is the grass that suffers”. Let us stay out of the fight of these powers.
Mr. Skerrit also mentioned opportunities for the export of our water and I wonder why this has not been achieved till now. Venezuela is a growing market for bottled water, which currently retails at an average of the equivalent of U.S.$.1.80 (E.C.4.85) for a 1.5 ltr. bottle (considerable more than the price of gasolene at the equivalent of 46 U.S. cents per Imp. gallon!)
On the face of it we should be competitive and I hope that the reason for our inability to enter this market is not due to prohibitive import duties, administrative red tape or oppositon from vested interests such as Polar, Minalba or Coca-Cola owned Femsa. Clearly our pricing is not an obstacle but maybe Venezuela is reluctant to pay outside suppliers in hard currency i.e. U.S.$., especially for consumer goods. Perhaps we could offset our exports against the U.S. Dollars. we owe for fuel supplies? In any case, this market is worth a comprehensive study.
Well we heard the AM, now we get the PM…
All I know…Time is near…
Hahahahahaha.. lol
When Chavez gone….kai powl kwasay!!
Mr Skerrit you mean to tell me that Dominica going to stay poor for ever more sir? What happens when Dominica can afort to put the 1%? Why you hiding? I hope you have a counter plan cause I rate you as a teacher when you was teaching me. Your response to the ALBA bank was lame, what you hiding?
One question;
Since it seems obvious that our financial status is bellow the ratings of other alba countries, can Mr. Skerrit give us some insight into our position please.If he really means that we are absolutely out of funds, is there any possibility that the minister can give some kind of projections in that vein.
Another query is when was such a consideration made for the countries that lag behind financially; was it during the summit or just a spontaneous sugar coating that is sputtered out and hoping that the rest of alba will find it a good idea to adapt?
I pray that this confusion is cleared.
Note well the confusion. Several news outlets, electronic as well as print media in the Caribbean and internationally, initially informed that Dominica agreed to members of ALBA depositing the 1% of their reserve funds. In the DNO update, a totally different picture.
Skerritt in his damage control stint now tell Dominicans, the country do not have money. But nobody knew about those matters before. So Dominica would not be part of the ‘SUCRE’ (NEW MONEY.) Now Dominica would not be able to put money into the proposed ALBA Bank. Those Latin American countries would call the shots at all times. Dominicans cannot be more confused by the news item which said one thing and quickly had to retract.
Any leader or Govt. that refusee to consult or inform its people before those decisions are taken, is not acting in the best interest of the country. The secret around the MOU with China is another example of unilateral decisions. That cannot be the way to continue ruling a country. What is the problem to seek advice, to consult, to inform the people on important matters like that? So only Skerritt has all the answers to solving all our problems? The country comes first before Party or leader. People must be respected. A Leader signs an Agreement, takes a decision on my behalf, but I do not know one iota about the decision to be taken? Are we all fools, then? How many of us Dominicans try to see further than the tip of our noses?
the government is showing signs of the effects of global economy. small poor nations like Dominica are the last to feel the effects.As the pm announced a few years ago Dominicans send money to their families in the us i wonder what his story will be now.
Bravo! I will take de A.M wiii!!!!
Hehheeeeee..lol Not the PM. I agree morning is much more productive than night time when it comes to things that sustain. lol
I am having mixed feelings about our strong support for the Chavez plan. What is clear to me is that Chavez is essentially rally support for his anti United States sentiments. I can say without reservations right now that we are blacklisted by the united states as soldiers for Chavez. We are more closely scrutinized by not only the united States but by western democracies- this is despite what Tony Astaphans says that there are no such diplomatic efforts or correspondences to suggest the same. There may not be diplomatic correspondences but I am absolutely sure that the US and other western intelligence agencies are putting in place the subtleties to scrutinize passport holders of countries soldiering the Chavez ideologies.
While we are looking for little handouts from Chavez we seem to forget that the Ross/Devry Universityis an American institution and the US government and it takes just a simple restriction measure that could jeopardize the Devry operation in Dominica. We need to review our position with serious caution and consideration for what is significantly and currently important to our survival. A few Chavez scholarships and assistance cannot replace the Devry contribution to our economy.
According to the young Bull “ that rum shop talk” could come back and hunt you. In the interest of political partisanship some people will refuse to acknowledge the possible consequences of our open support for the Chavez anti America rhetoric. The last time I checked Dominicans migrate to the US not Venezuela; Our artists and bands do not seek permission to work in Venezuela during the summer months; Our people seek work not on Venezeulan cruise ships but by American owned ; I could go on and on.
One of the calypsonians song say “ If you love in you tell him your true feelings” The very same people who would come in here and pay foolish support for policies that are obviously counter productive and progressive these are the very same people who seek visas to the United States. The Alba person in Dominica is supposedly a US citizen and if tomorrow the party that he was once an enemy of is out of power he will simply get on a plane and head back to the united states.
I beg my people Don’t be fooled by hypocritical characters who care only about themselves. We are way to small and vulnerable to be making ourselves an enemy of the US. While Chavez is running his mouth the US still need his oil he so he can play the game he plays.
WHAT THE HELL THE US DOING FOR DOMINICA? PLEASE TELL ME.
are you dumb or what didn’t you read what was written didn’t you read about ross university,the cruise ships,all the barrels,and approximately 60% of dominican family have a family member in the u.s.a sending money to there love one in dominica that alone is a big contribution to the dominican economy open your eyes think about it you love one man more then your country future it’s a shame shame shame
sending barrels to people like you
Sad, you really are sad! Who do you think owns Clear Harbor and DCP? Go and ask our coastguard how they would fare without the support from the U.S. Go and ask our people in the U.S. if they would prefer to live in Venezuela, Cuba, Morocco or Azerbaijan? And when someone offers to pay for your services in U.S.$. will you refuse and tell them you prefer Bolivars, Pesos or Dinars? Nobody tells you that you must like the U.S.A., that’s your choice but facts are facts.
WESTERN DEMOCRACY MY FOOT.2012 AND SOME PEOPLE STILL LOOKING ON AMERICA THE DEMON AS THEIR GOD.AMERICA MORE HUNGRY AND PLAGUED WITH ALL KINDS OF PROBLEMS THAN ANY OTHER COUNTRY. YOU KNOW HOW MUCH THEY OWE THE UN?CHINA PAYING THEIR DEBT.WHERE ARE THE ARMS OF MASSIVE DESTRUCTION IN IRAQ?OBAMA IS JUST ANOTHER PUPPET.HOW MANY IMMIGRANTS HAVE THEIR CHILDREN IN AFGHANISTAN, LIBYA,IRAQ.,ASK THEM LEADERS HOW MANY OF THEIR SONS ARE ON THE FRONLINE.DOMINICA STOP BELIEVING AMERICA IS BOSS.THEIR BACKYARD HAS SO MANY SKELETONS.ANOTHER AMERICAN TRICK:BRAIN DRAINING THE CARIBBEAN.ALL THE SAME CHAVEZ IS NOT THE PERFECT EXAMPLE.
WHY DOESN’T SKERRIT TAKE MONEY FROM PETER TO PAY PAUL.WHAT I MEAN IS THAT,TAKE 1% FROM THE PETROCARIBE MONEY AND MAKE YOUR CONTRIBUTION TO ALBA,BUT AGAIN MAYBE THE PETROCARIBE FUNDS HAVE DISAPPEARED.ON SECOND THOUGHT,I DONT REALLY SUPPORT ANY ALBA,BECAUSE I NEVER SAW THE MOU DISPLAYED ANYWHERE.
This is what you get when you choose a as your leader.
1) No vision
2) No initiative
3) No common sense
4) Lacking in international knowledge on matters that will affect his country.
This is bad move and Dominicans will be the ones to pay.
(lets see if Admin will post this one)
how many of you think that going to china and breaking ties with taiwan was a good move….
bad move…..why try to deny taiwan the same independence that the LABOR part under patrick John brought to us in Dominica???????? you see how we are?????????? wicked set….for a little boops they will sell another
Has any member of this administration inform their constituencies on the matter of such National Interest before it was published? After reading the article and the comments, I’m wondering when are we going to come to grip with the idea and understanding, that Roosevelt Skerrit runs this Republic/nation as an estate owner does. Are we that stupid? Common people! I hate to think of it as such, but we are far from looking out for our children’s interests, and where we would like our to be in the future.
country to be in the future.
I am having mixed feelings about our strong support for the Chavez plan. What is clear to me is that Chavez is essentially rally support for his anti United States sentiments. I can say without reservations right now that we are blacklisted by the united states as soldiers for Chavez. We are more closely scrutinized by not only the united States but by western democracies- this is despite what Tony Astaphans says that there are no such diplomatic efforts or correspondences to suggest the same. There may not be diplomatic correspondences but I am absolutely sure that the US and other western intelligence agencies are putting in place the subtleties to scrutinize passport holders of countries soldiering the Chavez ideologies.
While we are looking for little handouts from Chavez we seem to forget that the Ross/Devry Universityis an American institution and the US government and it takes just a simple restriction measure that could jeopardize the Devry operation in Dominica. We need to review our position with serious caution and consideration for what is significantly and currently important to our survival. A few Chavez scholarships and assistance cannot replace the Devry contribution to our economy.
According to the young Bull “ that rum shop talk” could come back and hunt you. In the interest of political partisanship some people will refuse to acknowledge the possible consequences of our open support for the Chavez anti America rhetoric. The last time I checked Dominicans migrate to the US not Venezuela; Our artists and bands do not seek permission to work in Venezuela during the summer months; Our people seek work not on Venezeulan cruise ships but by American owned ; I could go on and on.
One of the calypsonians song say “ If you love in you tell him your true feelings” The very same people who would come in here and pay foolish support for policies that are obviously counter productive and progressive these are the very same people who seek visas to the United States. The Alba person in Dominica is supposedly a US citizen and if tomorrow the party that he was once an enemy of is out of power he will simply get on a plane and head back to the united states.
I beg my people Don’t be fooled by hypocritical characters who care only about themselves. We are way to small and vulnerable to be making ourselves an enemy of the US. While Chavez is running his mouth the US still need his oil he so he can play the game he plays.
so we had money to loan antigua but we don’t have 1% to invest in GOLD…. is derrrrttt…. allu laybarrats… i mean labourites trying to act like all is well financially… this regime has run dominica dry brokes like a pye koko shess….
if he agreed to make the one person deposit u would still say dominica doe have money and skerrit givin it away. dem damn united-non-working party all u be
Who is non working?
very very stupid
What are you saying? Do you ever make sense of your nonsensical ramblings. The money that was loaned to Antigua and also Anguilla , that was our crdit facility at the OECS level.
D you really think we can pluck out that money and send to ALBA or IMF or World Bank or IDB. Sometime I wondar about you.
If you are cluesless ask for help, but please dont write gibberish.
You don’t understand Finance
WIKI i just saw your dentures fall off from too much rambling mixed with grumbling…. please don’t chew too hard on the dumpling
Does Skerrit understand fiance? the last time I check he was an english teacher I think.
your keen knowledge of these things outline your strategic placement in the grand scheme of things wikileaks……we will not go silently into the night, like you wish we would… your well informed outbursts let us know that there is indeed a snare laid out for unsuspecting Dominicans. but like the good book say, whosoever digeth the pit…… I dont think that the educated sons and daughters of those parents who have been caught up in the whirlwind will allow them to perish in your intellectually cunning grip.
Dominicans must express concerns at that unilateral move by Skerritt and his DLP Govt. Why did Skerritt not find it necessary and appropriate to discuss that issue of depositing 1% of the country’s international reserves into the bank with the people? It is the people’s money, so why no consultation or Public Information about that matter? Shouldn’t the matter be brought to Parliament first and agreed upon, before Skerritt just signing agreements like that? On whose advice was the action taken? On whose behalf was that done?
If it was done on the people’s behalf, shouldn’t the people be informed before and know of all the dealings, the imnplications, the amount involved, etc., etc.? my fellow Dominicans, those situations are uncalled for.
Unilateral decisions by any Leader in this day and age is detrimental to any serious development of a country, where the people need to know exactly what there political representatives are doing on their behalf. No one man is an island.
We are seeing a trend of governance, where seeking the participation of the people, and providing vital information in all areas of their own development, is almost non-existent. Since the decisions taken do impact on the people’s lives, they have a RIGHT to be consulted and informed. Too many times, people just hear of those decisions and remain in the dark as to what really is going on. That is very undemocratic. People must not be treated with so much mistrust and contempt.
Discuss with whom? Where is your opposition?Sure I agree dialouge is always healthy but not with an opposition that continues to stay out of the parliament of Dominica the only lawful place where such discussions can take place.
the writer didn’t say the opposition open your eyes the people.the people,the people that was what the writer said take your nose off skerrit @@@@@@@@
Read before you braaa
When America invades countries as it always does, does it come up for a vote by the American people…Dominicans want everything played out on the radio shows before approved…I guess this is Democracy..Oh Well
In order to progress this argument further…can you state whether you are support any political party….because if you do your party could be accused of doing the same
This government behave’s like the people of Dominica are a bounch of children with no understanding and therefor they are to make decisions for them. Dominicans need to open their eyes, how such decisions are made without the knowledge or approval of the people who pay the bills?, the ALBA issue is a big deal and Skerrit should have no right to make such a major move without first informing the public.
when will you people stopp getting high on mediocrity?. Instead you all analyze the move- you all just agree with RS and dwell on unrealistic prospects- couldn’t that one percent that dominca would invest be done in our local bankss to generate interest so thta funds can be available to locals?. This is a sick nation.
Voice from the wilderness
skerit just push that card to see how dominicans would react,befor he make his move.smart move.
Why is Dominica in Alba we have no beef with America? Most of our people live in America not Venezuela,
Leave ec alown
Setting aside any political ideologies, Venezuela has difficulties managing its own economy. According to its own Central Bank the inflation averaged 27.6% over 2011 (with an effective rate of 29.1% in Dec.), the highest in the Latin America. This despite the fact that its major income earner is oil, priced in U.S.$. I wonder in what currency the Alba Bank will hold its funds?
More than any other considerations I would want my money to be in a secure, easily convertible currency.
A classic comment re the ecomomy of venezeula, If they cant manage what belongs to them how are they going to make ours better than what we have now, venezeula economy is in a state of crisis and it will get worse now that the US is about to use more of its own oil, The PM and the rest of the OECS PM’s must not be left unchallenge to do what he want to do with the economy of the OECS, when they are all gone the burden will be left on us the masses to make the necessary sacrifices. A 1% deposit form our international reserves would do better in creating opportunity for jobs in Dominica, ALBA is plunging us into more debt
According to the Post, Bolivian President Evo Morales proposed that the group form a defense council for their militaries to work more closely together, while Ecuadorean President Rafael Correa suggested that the group boycott an upcoming Americas summit in Colombia in April if Cuba is excluded from the meeting.
”Chavez and his allies also used the ALBA meeting to make a statement condemning violence in Syria, which they said had been fomented by foreign powers including the U.S.
The group, Dominica included, also backed Argentina on Saturday in its long-running dispute with Britain over the Falkland Islands, according to the Denver Post.”
These two paragraphs have set off the alarm bells in my head. Is Dominica now, under the rule of RS, now condemning its long time allies and development partners? Is Dominica now joining with other countries to militarily challenge the U.S? Is Alba now exposing Dominica to sanctions from the mighty USA and Britain?
I really dont understand what is going on…
To me these Latin America countries are some of the poorest in the world, why are we distancing ourself from the countries where our people run to for work and to get a better living and grouping ourselves with illegal drug burdened and corrupt countires?
Are we blind???
Good Move
But all that talk and the majority folks in Venezula and Libya are below the poverty level living on usd2 box a day…
what rubbish they want to come talk about charvez…fix your economy first then branch out, there isnt anything in these countries that have bright lights at all…their leaders just pocket the money keep the citizens in dark for the political power thats all…were is the openess and demorcay in the countries..
Black havent learnt at all from slavery, even though they educated they still easily fooled bu flashes of so call gold and bling..what ashame..
Well Dominica does not have any gold reserves,but i doubt the USA and the big five will allow it to hppen, these people like power, they seized power 500hundred years ago, and rule the world, so let us see how long Chavez will leave for that move.
I can name a number of black leaders who tried to get back indeendence,start with Toussant L’Overturre, UMkroma of Ghana in the sixtes,Jamaica in the sixties, Cuba blockage,they still hate Fidel,Bishop in Grenada, Leblanc and Patrick John, all tried to give their people true economic freedom,mysterious things happen, because their is always a house negro to betray .
It is time for DA and democratic nations to withdraw from the ALBA, that kind of leftist organization led by the dictator Chavez !
People, it’s only 1% and that’s called diversifying your investments. Many developing countries are doing similarly and actually many are partnering up with China who they once held in contempt for their humans rights violations which have yet to improve. DA has to try something different since we are not benefiting significantly from the way things are now. In addition, the new policies being developed by our European and North American friends are more so meant to have greater control over our ability to make decisions as an independent nation.
That will still be in the region of 1/2 million E.C.$. Chicken feed for our leading lights, of course but I suspect we’ll have to replace that at the E.C.C.B.
And yes Adult ED, you should know that China economy is as healty as ever unlike Venezeula, and it will get worse now that the US is considering to use more of its own oil
US is thinking in the best interest of the US Obama made that bold statement earlier in his term buy US. We have diplomatic relations with Venezuela which help us keep the oil and gas rates low so it is in our best interest to give other potential opportunities consideration. Venezuela is our partner and we should want to see them thrive and not fall. Why bite the hand that helps to feed you?
Adult ED, Gas & oil rates low? Explain to us then how come we have the highest electricity costs in the region, stifling economic development? And don’t blame Domlec, they publish the prices they have to pay for every gallon, whereas we don’t know the real price Venezuela (PDVSA) charges us.
Who is taking the profit on that fuel? Where is it accounted for?
Give me the AM when things smooth.
Bet ya if the Reps win in Nov..
watchout Devry in Dominica…
the reps are much more aggressive and will squeez places like DA whom isnt fully behind the US….just a matter of time…
So in other words the U.S is a BIG BULLY?
Isn’t that SAD??
That’s why over 6,000 people died in Syria and the great big Bully refuse to intervene, is it because the Syrian leader supports the U.S agenda??
They imposed sanction on Iran and forced a regime change in Lybia causing the price of Oil to reach $100pb creating worldwide poverty, all because these countries do not support their regime??
And still you say you love the U.S….. LOL!!
You need correcting indeed….you obviously have not been following the debate at the U.N., whch makes it clear that the U.S. far from supports the Syrian president’s agenda. It are Russia and China who do!
Try to keep up – it was because China and Russia vetoed the resolution…
You have NO idea what you are talking about. And you are commenting on world issues. Poor DA
Malatete America single handedly remove Sadam with a little help from UK even when the UN told them it was ILLEGAL to force a regime change they went on anyway in removing Saddam.
They were already on their way to removing Gaddaffi with or without NATO support so what are you really on about??
They passed sanction single-handedly on Cuba and even if the rest of the world is crying foul on behalf of the Cuban people they still continueing the EMBARGO so what really is your point agian about Syria?
Russia and China is fed-up with the AMERICANS and their constant involvement in other nations domestic affairs, but that never stopped them (USA) in the past so what is stopping them now???
THEY ARE JUST BIG BULLIES AND YOU PEOPLE ARE SCARED OF THEM!!!! We are bold and will continue to do what is in the best interest for and on behalf of our people of DOMINICA PERIOD!!!!!!
Becon – your FEAR mongering is unrealistic.
Is it logical for Devry University to jeopardize their huge investment in Ross University because Dominica’s current government is not fully behind the US?
Really?
Objectivity..you seem out of touch with how the US folks think and operate…Poor you..
go do more research on the US and past motives and inner operations at exsiting countries whom dont have their best interest at heart…..why are Dominicans so blind..
no wonder why this Govt will remain in Power as dominicans only believe when the wave is pulling back out to sea…
they lack the vision to see whats incoming..
these citizens are bunch of jokers!
This is not about politics right now… but about being smart… not about workers or laybar…. this quote right here
“The paper says Hugo Chavez has recently withdrawn much of Venezuela’s international reserves in gold deposited in European and U.S. banks, transferring the gold to Venezuela’s Central Bank.”
Is a smart move by mr chavez… it is obvious that mr chavez is ensuring that if and when the next depression comes around that venezuela will stand in harsh economic times.. you all kind hide allu heads under a pillow but those who are privy to information knows that something going to burst within the next 5 years…. so knowing the Federal Reserve and Bank of England controlled by the elite will try to suck all of us in this world dry… mr chavez have taken the first step… since this is the case i believe we’ll see a similar fate of ghadaffi on Chavez if he lives long enough… bare in mind ghadaffi had demanded his gold and planned on only accepting payment of oil in GOLD… the day he was captured was the day the gold was supposed to be delivered… so it means his gold is still in the U.S… hhhmmmm interesting… “it seems the conspiracists were right all along” is the new quote among those who are privy to info…
if you want unbiased financial information to put u in advance… then i recommend http://www.theelevationgroup.net/
I’m sorry i have to side with mr chavez on that one… though i can’t stand that laybar party….
Gold is a commodity & the price can rise or drop on the commodities market. The idea of gold as security is neither here or there.
antedote that is true.. gold as any commodity… you buy but you have to know when to ‘sell’… that is the key thing knowing when to sell… and knowing when to sell will make you richer than Astaphans beyond your wildest dreams… gold/silver now is the best time to buy…. so again check the link i post… gold will rise and keep rising…. for e.g 1 ounce of gold should be about u.s $1500… silver is much more affordable… so choose one… the thing my friend is that when push comes to shove… you placed your self in a position to win… so by then ‘hopefully not cause i hate that reality’ in 5 – 10 years time when tings get real depression kind of bad… that 1 ounce will be going for as much as u.s $50000.00… now imagine you have at least 10 ounces of gold… imagine if you could invest e.c $100,000 and buy multiple ounces of gold, if not then silver (which is still cheap)… do you see why the rich get richer… because they are privy to information… that’s why Mr Chavez and every leader around the world is trying to get control of their gold… so when you come to sell.. you’ll have a much higher value… if chavez is honest with us i can assure dominicans that they should tell skerrit to invest 10% instead of 1%….
…you ever tried to eat gold when you’re hungry?
Please think deeply are we or can we take onboard a 2.5% embargo kinda thing from Uncle Sam..think of it deeply…not get excited over things that wont bear fruit..
countries like Iran etc feeling the small sneez of Uncle Sam…and Iran by have is more developed than us…
So we are small fish we must obey and be on the right side and not try to muddy the waters…..The US has by far more investment in Dominica than Charvez and China Combine..
Just look at Ross/Devry look at the spin offs in the banks loans etc..KFC and Whitchurch moving business to aid the University…
Have Dominicans forgotten how to think, we will or have we decided that its ok, to say we have now a God in Human Form on earth…
No wonder we are laughed all over the Globe, and we continue to remain Poor and looking presently to bring back slavery onto us from a newer race…WOW, WOW, WOW!
Becon though what you say makes sense but what you prefer… to make ‘sense’ or to be financially adept and make dollars… make up your mind… once that gold is secure Skerrit should close his eyes and invest 10%
UTHER RUBBISH ‘Becon’. You brainwashed FOOL!!!!!
Good points and the fact that these countries are about freezing assets of those who do not comply with their demand.
Only time will tell.
This reserve is for what? Ok, in other words….in the event of what will this reserve be used? Or even better, what interest will this reserve seek to foster or deepen?
Things are getting more and more intersting by the minute
The reserves is for politicians to use at the whims anD fancies like the RED CLINIC, i trust that this fund is for politicians like the PM to use as he so wishes for political mileage, we go see
smh..smh…smh
My question about this is why do we have to hear about or country’s national reserves from the Denver Post. Why didn’t our government let us know in advance what is going on? The main problem with this Government is; it is too secretive, they do not update the people on matters that involve them.
…it’s none of our damned business!!
thank you OSTRICH, KEEP YOUR HEAD IN THE SAND. Thank goodness we are not like you
thats all u so called patriots of dominica can do critise any and every thing but the poison you guys spread on q 95 is worst than nuclear weapons, GO PM WE ARE RIGHT BEHIND YOU THANKS FOR OPENING OUR EYES THINGS THAT SHOULD HAVE BEEN DONE 20 30 40 YEARS BY BAD GOVERNMENTS ARE BEING DONE C E BON D E BON
Seriously? Please have a better contribution. Your only contribution is “go pm we are right behind you”. Really?
This is good news because we must extract ourselves from this world wide banking system which is controlled by America. We should also asked China to open their own world wide banking system because we understand what is currently happening to Iran. We must also bring in Russia, India, and Brazil into this new banking system so we won’t have to depend on America/Swiss banking system.
Sounds like a better proposition to me. These are the emerging markets which have money currently, more to have spend.
IS GOING ON WITH sKERRIT SO HE JUST GOING AND SIGN HIS AGREEMENT THEM COME BACK TO THE PEOPLE TELLING US HE DID THIS AN DTHT ON OUR BEHALF WITOUT ASKING THE PEOPLE IF WE AGREE, SO SKERRIT REALLT THINKS THT DOMINICA BELONGS TO HIM AND HE CN DO WHATEVER HE WANTS WITH US, MY PEOPLE WKE UP AND LET’S STOP THIS MAN ENOUGH IS ENOUGH, WHAT WAS SO SAD YESTERDAY SOME OF HIS MINISTERS CME IN ON LIAT FLIGHT HAD TO WAIT ON HIM WHILE THE MN COMING IN ON JET TELL ME WHO IS THIS MN AND WHAT WE GET OURSELVES IN NOW IS TEH TIME TO STOP SKERRIT BEFOR IT TO LATER WHEN WE CANNOT SPEAK ANYMORE, COMEEEEEEEEEEEEEE ON PEOPLE
MAy be it was discussed in parliment…but then again is more reason for us to have known
Question for the Honorable PM (which he will not answer, even if he knows)
If D/a deposits in EC, what will the withdrawl be?
a) EC
b) Gold
C) Sucre
My bet is on “C” which scares the h*ll out of me.
Coffee beans and those speed boats coming via back doors
These know that they dont stand a chance hiding stuff from the likes of the US and EU unless they do their own thing and create their own banking system that will enable them to hide ill- taken wealth. But my advice to them is; Careful what you do today because justice never sleeps and immunity from prosecution granted by one government is usually overturned by another. Mr. Skerrit is a little tee-tee-wee trying to attack a whale with the help of his karyee friends. Be warned Skerro, your day of reckoning will soon come if you are not careful. You cant even deal with Bird Island but you involved with Falkland Islands!
If memory serves me right, I “think” I read sometime ago that Chavez was “questioning” whether or not AMERICA had an agenda to “give leftest” leaders like himself CANCER. In that article he had identified one or two other leaders who had suffered “his fate” and had subsequently passed on. Since reading this I have grown very worried for our leaders in the Region who seem to be gravitating closer to the LEFT WING type of governance and more particular Hugo Chavez, a man who claims that ” that his health may have been attacked by US interests”. That is not to say that I oppose this move by our Caribbean leaders because I know that America clearly does not seem to have our best interest at heart but I just FEAR for our leaders and more particularly our beloved Prime Minister Roosevelt Skerrit. I pray that he’s wise enough to take EVERY PRECAUTION and necessary step to ensure his safety and security if what I read propotedly coming from Hugo Chavez has any iota of truth to it. Continue what you are doing for this country Mr. Skerrit although I have expressed concern over the manner in which you “conduct your/state business”. Look at you mode of operation “twik it” a bit so that it can be more transparent and in sync with the common good of ALL Dominicans instead of the BENEFIT of a selected few “goodmen/women”!
This is a great move.
no move has been made as yet!!! wat r u tlkin bout?
I wonder if they pay interest on international reserves? I am not a financial wiz, but if this is reserves for later use, I would hope that efforts would be made to deposit the money where the most interest can be made. Just my two cents.
and i quite agree with you.
Heavenly Father, please watch over our nation.
Madness they say is doing the same thing over and over again and expecting a different result