I think the player that is most cunning can also win ;)

I know of israel.lol rememba 1 ting brudda,altho the US is a bully at times,it most often do benefit da bahamas.(most) is wat defines winners frum losers.so da US is a good ting fa us to be winners as a small country. :)

Say big bully .. stop asking for their help and money then ... :hammer:


That's exactly what I advocate, actually. It is time in our path as a nation to make greater steps and exert more effort in becoming more self-sufficient.

Nevertheless, it would be silly to abstain from doing business with a country so close to us.

struct EXPANSION_METHODS *exp_methods;
struct ECONOMIC_FUNCTIONS *eco_functions;

while ( self-sufficiency < 100% )
{
economy_protect();
if (possible==1) economy_enhance();
enumerate_expansion_methods(&exp_methods);
allocate_resources(&exp_methods);
prep_and_implement(&exp_methods);
enumerate_external_economic_functions(&eco_functions);
Bahamianize_external_economic_functions(&eco_functions);
add_new_local_economic_functions(&eco_functions);
allocate_resources(&eco_functions);
}

That's exactly what I advocate, actually. It is time in our path as a nation to make greater steps and exert more effort in becoming more self-sufficient.
Nevertheless, it would be silly to abstain from doing business with a country so close to us.
struct EXPANSION_METHODS *exp_methods;
struct ECONOMIC_FUNCTIONS *eco_functions;
while ( self-sufficiency < 100% )
{
economy_protect();
if (possible==1) economy_enhance();
enumerate_expansion_methods(&exp_methods);
allocate_resources(&exp_methods);
prep_and_implement(&exp_methods);
enumerate_external_economic_functions(&eco_functions);
Bahamianize_external_economic_functions(&eco_functions);
add_new_local_economic_functions(&eco_functions);
allocate_resources(&eco_functions);
}

:) :tup:

US companies don't outsource banking and treasury functions to the Bahamas?? They should. I'm almost positive they do. They outsource to the Cayman Islands. I guess they're probably more worried about corruption in the Bahamas.

It had some stuff to do with that blacklisting crisis. Also, while we are becoming more and more centralized on tourism, other countries have taken the opportunity to strengthen thier financial service sector, by making it more efficient and convinient (not like how banks close at 3 and thing in the afternoon !) Thus they have ran over us and they rule.

You mean banks in the Bahamas stop serving their individual customers after 3??

You mean banks in the Bahamas stop serving their individual customers after 3??
Yup get in a bind in this country on the weekend and ya toast.Good thing for me was that I had an international credit card during my episode.But I do believe that most of our banks have moved their services to Barbados or some other place.Maybe Rizzo or someone else can expand on this.

You mean banks in the Bahamas stop serving their individual customers after 3??


*Looks at Mikki like he's crazy*

Where do you live?

*Looks at Mikki like he's crazy*

Where do you live?
Let him know you better be in the bank atleast 5mins before.

I'm serious!, If your employee doesn't do direct deposit or something you better get down to that bank before their quitting time! I made sure as soon as I was able, to get an atm card. At least I can go and make a withdrawl/Deposit anytime!

Really though, you got banks all over the world who are open at least on weekends (even Sunday's), 24 hours a day (really go to the states and you'll see people working hard at their desks at midnight! :eek: Our country cannot be world class if we do not start world class standards, which also includes world class expectations! Someone needs to tell me where else does banks close before school even gets to go out?.......oh well I guess we got unions to thank for that!

LOL.

You guys didn't understand my question. Considering the fact that a lot of american corporations outsource treasury functions to countries with considerable tax advantages -- its safe to assume that the banking industry in the Bahamas makes very little money from servicing the general public. Which means your business comes secondary. After the doors close, the trust departments of these Banks cater to their corporate and institutional clients.

Don't you ever wonder what they do on the other floors of the bank if the tellers are the only ones you see??

Really though, you got banks all over the world who are open at least on weekends (even Sunday's), 24 hours a day (really go to the states and you'll see people working hard at their desks at midnight! :eek: Our country cannot be world class if we do not start world class standards, which also includes world class expectations! Someone needs to tell me where else does banks close before school even gets to go out?.......oh well I guess we got unions to thank for that!



Yes, in the US there are banks that are open on weekends. But those banks aren't as profitable as the banks in the Bahamas. They aren't open all hours of the day because they want to -- they do it because they need to. They can't provide the type of services that Banks in the Bahamas can so they have to make up profit somehow.

http://www.centralbankbahamas.com/public/WebPost-PUB-LIC-06-02.pdf

That's a list of banks authorized to operate in the Bahamas. Quite honestly, some of them I've never even heard of. But these companies are getting wealthy off of the Bahamas' tax and disclosure policies. And I'm certain that the majority of the people working at these banks aren't even Bahamian.

Yes, in the US there are banks that are open on weekends. But those banks aren't as profitable as the banks in the Bahamas. They aren't open all hours of the day because they want to -- they do it because they need to. They can't provide the type of services that Banks in the Bahamas can so they have to make up profit somehow.

:dgi:

:dgi:


Because of many of the changes in the banking laws in the US, the earnings spread on demand deposits has disappeared. Then with interest rates, the banks are really earning much there anyway. So all they have left are customer service fees. For example ATM charges. Even though these charges are small, if there are enough of these small charges then the bank can turn a profit.

Where banks earn most of their money from is institutional or corporate clients because of the size and volume of transactions are much much higher than that of individual customers. For example, if I purchase a six month cd it'll probably be for 100,000. So the bank has 100,000 to loan out and earn interest on for six months. If IBM or Ford buys a cd, it'll be for 100 million. Everything else remains the same, except that the 100 million gives the bank more to loan out so they earn more interest, of course.

But in the US, Ford and IBM have to worry about complicated tax laws when they account for the interest earned on the 100 million cd. In the Bahamas, they just keep flipping the cd over and not have to worry about tax implications until they bring that money back to the US. Plus Bahamians don't get paid as much as Americans do for the same jobs, so the Trust company charges the company less for services. A win-win situation for them. A lose-lose situation for Bahamians.