Greenidge condemns high cost for sending remittances and announces plans to seek reductions

Tell the FOOL to open his own Money Transfer company.  BLOODY IDIOT!!!

Remittances are important for the economy of Guyana. Low remittance cost would ensure more money in the hands of Guyanese...leading to more spending

RiffRaff posted:

Remittances are important for the economy of Guyana. Low remittance cost would ensure more money in the hands of Guyanese...leading to more spending

You are a communist just like the PNC DUNCES.

How about creating some jobs and let the people work for their own money?  Some of the basement dwellers living in North America might be losing their welfare checks in November so things will get rough and they might have to stop sending change.

This idiot forgot to mention that they blocked the anti money laundering bill and caused the cost of remittance to skyrocket. This is just one of the fall out from the destructive actions of the afc/pnc during their time in opposition. The recent pullout of BAM is another consequence of these actions.

Well DUNCES dont know better.  Forgive the bloody DUNCES!!!

Bibi Haniffa posted:

How about creating some jobs and let the people work for their own money?  Some of the basement dwellers living in North America might be losing their welfare checks in November so things will get rough and they might have to stop sending change.

I believe that remittances reached their nadir under the PPP. So they are guilty too of the not "creating some jobs and let the people work for their own money"?

Drugb posted:

This idiot forgot to mention that they blocked the anti money laundering bill and caused the cost of remittance to skyrocket. This is just one of the fall out from the destructive actions of the afc/pnc during their time in opposition. The recent pullout of BAM is another consequence of these actions.

So no anti-laundering bill = money transfer cost increase. Care to show the evidence?

Also it would be helpful to state the reasons why this Bill was blocked under the PPP.

Kari posted:

Bibi Haniffa posted:

How about creating some jobs and let the people work for their own money?  Some of the basement dwellers living in North America might be losing their welfare checks in November so things will get rough and they might have to stop sending change.

I believe that remittances reached their nadir under the PPP. So they are guilty too of the not "creating some jobs and let the people work for their own money"?

Oww bhai guh light on Bibi,them ah forget quick only 14 mths ago PPP was in office.

RiffRaff posted:

Remittances are important for the economy of Guyana. Low remittance cost would ensure more money in the hands of Guyanese...leading to more spending

Is the remittance business highly profitable?  I think not based upon the small numbers of companies which provide this service.

So fees will be high for the tiny amounts which are typically transmitted.  These companies aren't in the social services business.

Bibi Haniffa posted:

How about creating some jobs and let the people work for their own money?  Some of the basement dwellers living in North America might be losing their welfare checks in November so things will get rough and they might have to stop sending change.

Newt Gingrich cut out welfare checks long ago.  Not very many people live on that, hence the huge amounts of beggars roaming the streets.  5 years life time benefit and most exhausted that long ago.

Food stamps isn't welfare.

Drugb posted:

This idiot forgot to mention that they blocked the anti money laundering bill and caused the cost of remittance to skyrocket.

Given that Guyana isn't the only country bawling about this problem this has NOTHING to do with that.

Go read a book and learn something.

What's the cost of sending money from Guyana to families and bank accounts overseas? With SARU and SOCU closing in on some people, it would be crazy for them to stockpile money in Guyana. Also, I wonder how much it cost former GPL bigwig Aeshwar Deonarine to transfer his $27+million out of Guyana.

Dirt is building up in GT again. The city needs help.  Any volunteers out there?

Billy Ram Balgobin posted:

Dirt is building up in GT again. The city needs help.  Any volunteers out there?

Old boy, behave your age. We're talking about the cost of sending money in and out of Guyana.

Gilbakka posted:

Billy Ram Balgobin posted:

Dirt is building up in GT again. The city needs help.  Any volunteers out there?

Old boy, behave your age. We're talking about the cost of sending money in and out of Guyana.

It is better for you to help keep the city clean than to devote your precious  time covering up dirt with sand on GNI.

Billy Ram Balgobin posted:

Gilbakka posted:

Billy Ram Balgobin posted:

Dirt is building up in GT again. The city needs help.  Any volunteers out there?

Old boy, behave your age. We're talking about the cost of sending money in and out of Guyana.

It is better for you to help keep the city clean than to devote your precious  time covering up dirt with sand on GNI.

Wha wrang wid yuh head bai? Yuh dealing wid red herring or wha? Let's get serious, man. Innocently I'm asking two simple questions. If you don't know the answers, that's fine. 

caribny posted:

Bibi Haniffa posted:

How about creating some jobs and let the people work for their own money?  Some of the basement dwellers living in North America might be losing their welfare checks in November so things will get rough and they might have to stop sending change.

Newt Gingrich cut out welfare checks long ago.  Not very many people live on that, hence the huge amounts of beggars roaming the streets.  5 years life time benefit and most exhausted that long ago.

 

Food stamps isn't welfare.

But welfare recipients get food stamps. How come food stamps is not welfare?

Kari posted:

Drugb posted:

This idiot forgot to mention that they blocked the anti money laundering bill and caused the cost of remittance to skyrocket. This is just one of the fall out from the destructive actions of the afc/pnc during their time in opposition. The recent pullout of BAM is another consequence of these actions.

So no anti-laundering bill = money transfer cost increase. Care to show the evidence?

Also it would be helpful to state the reasons why this Bill was blocked under the PPP.

You are way too young to have Alzheimer kick in so early. You seem to conveniently forgot that the main impact of the pnc/afc blocking the anti money laundering bill was the increased cost of money transfers. Go look it up in the archives yourself, don't be intellectually lazy. If you were in the banking industry you would know that there is an anti money laundering compliance cost which increases for non compliant countries.

Again Alzheimer kick in as you forgot that the pnc/afc vindictively blocked the anti money laundering bill just to spite the PPP and the nation via their 1 seat majority. 

caribny posted:

Drugb posted:

This idiot forgot to mention that they blocked the anti money laundering bill and caused the cost of remittance to skyrocket.

Given that Guyana isn't the only country bawling about this problem this has NOTHING to do with that.

 

Go read a book and learn something.

I don't expect a pseudo intellect to know much about the cost associated with non compliance with anti money laundering requirements.  Look at Jamaica, they pay much lower percentages than Guyana for money transfer. Granger et al have this on their shoulders and expect us to forget their destructive ways when they had their 1 seat majority.  

Drugb posted:

This idiot forgot to mention that they blocked the anti money laundering bill and caused the cost of remittance to skyrocket. This is just one of the fall out from the destructive actions of the afc/pnc during their time in opposition. The recent pullout of BAM is another consequence of these actions.

This idiot forgot why the bill was blocked.

Dear Editor,
Karma is a wonderful thing. Mere days after the PPP’s President blocked two critical Opposition Bills, vital for putting this nation on the right accountability and transparency footing and ensuring those in power do not economically abuse their offices upon retirement, the PPP wanted opposition support to pass a critical anti-money laundering Bill in order to not be internationally blacklisted.
When the PPP unreasonably and without fair or just basis killed the opposition’s Fiscal Management and Accountability (Amendment) Bill and the Former Presidents (Facilities and Other Benefits) Bill, it showed blatant disregard and callous disdain for the sovereignty of Parliament and for the work done by its own members in Special Committees on these Bills. Now it wants the opposition’s help in passing anti-money laundering legislation that, if not passed, exposes this country to stringent checks on financial transactions. Well, it is about time this happened.
If the opposition has the guts to do the right thing, it would utterly refuse to pass this Anti-Money Laundering and Countering of Financing Terrorism Act (AMLCFTA) and let the PPP face the consequences imposed by the world. There is enough of the Guyanese people’s money illegally exiting this country into offshore bank accounts and towards the purchase of properties in foreign lands that desperately need scrutiny from international institutions.
If the PPP itself refuses to be compliant and remains only partially compliant on many of the recommendations of the international body monitoring financial crimes, then there is nothing to make the PPP compliant but international scrutiny obtained by not passing the AMLCFTA.
Guyana is a drug trafficking haven. It is about time the superpowers of the world start paying close attention to the illicit proceeds of crime that flow into and out of this country because the PPP continues to turn a blind eye to this scourge. When the wealth of this nation is stolen by the corrupt power brokers of this country and ends up offshore, the PPP does nothing.
It is about time those with the ability (international community) do something the PPP refuses to do – start looking at the financial transactions emanating from this country. It would expose a lot of crooks, criminals and rogues to sanction and prosecution in the developed world after decades of sheltering under the safe haven of a PPP crime-filled Guyana.
It is time for the opposition to drop its demand for passage of the two opposition bills in exchange for passing this anti-money laundering Bill and simply block this legislation outright. There is no political risk here.
The majority of this nation, including many PPP supporters, disgusted with the corruption, stealing and graft feel this regime needs an awakening, and this is the best opportunity for a wakeup call. Further, the majority of this country unavoidably sees the nasty hypocrisy and crass bullyism of the PPP in blocking the Opposition’s Bills while demanding the opposition pass theirs. The PPP left this for the last moment to try to bully the opposition into passing the bill by using the time crunch to force the opposition into passing the bill.
The opposition has to be a pack of fools to pass this bill and enable the PPP to continue its foot-dragging, non-compliance and partial compliance on the issues of financial integrity of this country. Only a foolish opposition would fall for this hollow patriotism gambit and end up being mocked by an errant PPP which continues to do nothing.
The opposition has to stand firm and let this blacklisting take place. There is no greater opportunity for fighting corruption, instilling integrity, fashioning transparency and bringing accountability to the PPP than by letting this Bill perish without passage.
Allowing this Bill to die puts the international community on the side of the opposition in fighting corruption and non-accountability within the PPP. It will bring the force, might and almighty power of the USA, Europe and other nations onto the PPP. The PPP will have to clean up its act… and fast.
The Opposition would have to be clowns to let this opportunity pass. Many power brokers with money and expensive real estate interests overseas are panicking over the potential non-passage of this AMLCFTA Bill.
Patriotism is the refuge of vagabonds. So, the PPP will suddenly become patriots and adorn themselves in the flag, just as they flatly laugh this country in the face while hiding the identities of the Marriott investors and committing other cardinal sins.
The opposition will fail Guyana and Guyanese if it allows this Bill to pass. It will be political suicide by the opposition. There is no greater opportunity to bring the PPP to account than this AMLCFTA Bill. Will the Opposition be mice or men?
M. Maxwell

Kaiteur News

skeldon_man posted:

.

But welfare recipients get food stamps. How come food stamps is not welfare?

Most of the people who get food stamps are WORKING people. They get help to ensure that their kids don't starve. This is more like the Earned Income Credit.

Either you increase the minimum wage to $20 or supplement the existing wages with food stamps and Section 8.

Drugb posted:

caribny posted:

Drugb posted:

This idiot forgot to mention that they blocked the anti money laundering bill and caused the cost of remittance to skyrocket.

Given that Guyana isn't the only country bawling about this problem this has NOTHING to do with that.

 

Go read a book and learn something.

I don't expect a pseudo intellect to know much about the cost associated with non compliance with anti money laundering requirements.  Look at Jamaica, they pay much lower percentages than Guyana for money transfer. Granger et al have this on their shoulders and expect us to forget their destructive ways when they had their 1 seat majority.  

The notion that you pose as an intellectual is a laugh.

Mexicans also complain about remittance fees. Are they out of compliance? No way as the USA is definitely watching them given the heavy money laundering that people in that country are engaged in.

The silly character that you are fails to understand that its not profitable for an institution to be transmitting $200 per transaction, so few offer this service and charge for this.

I have to admire you. Ignorant, stupid and proud of it!

Prove that Guyana remittance fees are higher than those to Barbados, or reveal yourself to be the moron that I know you are.

BADDAM!!!!!

I just Luv your admiration for the proud guy, heheheheee

cain posted:

BADDAM!!!!!

I just Luv your admiration for the proud guy, heheheheee

I already chased off druggie a few years ago. He ran off crying that I was bullying him, and treating him badly.