VVP posted:Guyana got a good bracing from Venezuela in prior years through the Petrocaribe deal. Shit is going to hit the fan because now they are relying on domestic borrowing at very high interest rates.
Domestic borrowing is not that bad. It is better than owing the Chinese a billion for substandard infrastructural work with no option to pay back. I am glad the scaled back on the borrowing and ease up on the give always. These was a veneer of progress as we dug a hole with debt, permitted the growth of a drug culture and saw the spread of corruption in every facet of our existence. A few got rich while most were in stasis. We need to get real money from oil soon and we can start real development on our own money...provided of course the APNU does not go astray like 99 other oil rich states.
Guyana can be that Ibiza of fun, that Dubai that Baharain in wealth on the south american coast and we could do it better since we do not have as much to overcome geographically, culturally or proximal to friendly states. If we restrain ourselves for another year we can present a case where we can borrow at low rates from western banks to kick start the economy and prepare specifically for a different kind of reality as a wealthy nation. I do not know how we can fail given we are a nation with every advantage a country need to be the best place to live in ...climate...environment....natural resources. Only its people can cause us to fail and that is if we behave like the stupid lottery winner