More PURPLE Debt Upon More PURPLE Debt!

Borrow. Borrow. Borrow.

Waste. Steal. Waste. Steal. Waste. Steal.

Borrow. Borrow. Borrow.

Repeat cycle forever.

^^ 6******s

Medina= You suck!

What's really tragically funny is that when these bonds are placed (with us paying a substantial interest for the money borrowed) the PLD paid stooges will come on this site to tell us how wonderful it is that the world markets see us as such a good place to lend money. The truth is that for what we are willing to pay in interest, it is a good gamble for the lenders. On top of which, they know that we are a good customer of the IMF and that they have been willing to lend to us when we get desperate. And now, with the new taxes in place the IMF will be even more willing to bail us out.

What they need to do is sieze the properties and finances of all these thieves and drug dealers in the country. Then maybe that amount would be less. But as a country they are not progressing. It seem with one step forward, the take three back. Its an inbred mentality.. Thievery, drug dealing and being a crook in all facet of life.

I guess you guys forgot that we still owe $1 billion dollars to the power companies... this debt is not going to disappear into thin air. Medina paid off $500 million at the start of the month and this is the remainder.

Let's end this electricity nonsense once and for all!

I tell you, hipoburros have no long-term memory! They barely remember what happened yesterday.

So Borrowing to Pay a Debt and Borrowing to Pay that Debt and so on and so on is the NARCO-PLD Economic Plan!

At least we'll have plenty of time to pay back the bonds. Otherwise we'll have to pay a billion dollars very soon.

If we can't solve our electricity issues within 10 years we should just kill ourselves.

Start making your Funeral Arrangements!

Ah, screw-off, pessimists. what the fwck do you all know about finances!?

Getting into debt, like it or not, is part of the equation for progress. In order to run a company, a small enterprise or a nation, one must borrow the seed money necessary to plant our fields and eventually,reap the benefits of our harvest.

Your postings denote the educational level and how monetarily poor y'all are. Bunch of losers!

tell you, hipoburros have no long-term memory!==At least we had lights until the Queen took over!

Since you’re Such a Financial Genius That’s why you can’t afford a car and have to take a METRO in Santo Calcutta subsidized by Poor Farmers in Elias Piña!

I trust Danilo!

Ron.....You are absolutely correct......up to a point. If the money borrowed is invested fully in a project there are sound reasons for raising capital this way. The problem with the D.R. has always been that 50% or so is siphoned off into corrupt officials pockets for their spending money so the project is never fully financed or completed, or completed badly so it falls into disuse in a short space of time.

If the money is being borrowed to pay off the current electric debt it will not available to fund the investment needed to bring the sector up to a level of production to meet current needs so the situation will just keep going the way it has for the last 30 or 40 years!

In most cases, in running a business debt is part of the equation. However, in this case getting into debt does nothing other than digging a deeper whole for the country by the incompetents in charge of running the country. No where more so than here do people go into public service to enrich themselves. And they do so by borrowing huge sums and then siphoning off whatever they want for themselves.

Correct, Adrian29630,
When companies in the civilized world borrow, it is for plant and equipment, stock, buildings, advertising, R & D. etc. and they need to show the board that the ROI safely exceeds the interest rate, and the bank that the liquidateable assets exceed the principle. In the Duminican Kletocracy, these principles don't apply - there are no principles.

Adrian29630, jb and Roy.....next time use Crayons to draw the Big Picture for Sesame Street Ronnie!

says Danilo

Written by: Danilo, 18 Jan 2013 3:57 PM
From: Dominican Republic, .DuckyDeals.com
I guess you guys forgot that we still owe $1 billion dollars to the power companies... this debt is not going to disappear into thin air. Medina paid off $500 million at the start of the month and this is the remainder.

Let's end this electricity nonsense once and for all!

I tell you, hipoburros have no long-term memory! They barely remember what happened yesterday.

Danilo, stay with what you know, which is nothing. borrowing a billion dollars to pay off CURRENT expenditure, which has already been used is a terrible state of affairs. it is like borrowing money to pay off a vacation you took 5 years ago. when you borrow this kind of money, it should be used for capital investment, not to pay things like overdue electricity bills. thankfully, know nothings like you will never rise to the level where you will become an advisor to anything besides jugando gallo and drinking Presiden

Now that all international financials institutions, like J.P.Morgan upgrade the review of D.R. , the government can properly summit bonds for any amount t they estimate properly .

Any government need funds and financing to operate properly. D.R. is not the exemption to the rule.

Even small towns here in USA ,issue bonds to the public..And some of them don't have good rates.. And people buy them on the regular basics.

If the REAL economist of Central Bank ( not the street wise dorks of DT) find them a proper way of funding , to help reduce the deficit, without major sacrifices in Dominican economy , them , that measure should be welcome in Dominican society.

Bonds were issue as well during Jose Lois Malkun administration of Central bank during Hipolito years with a disaster at the end with a big financial scandal that we all know...
At the end , Malkum was retired with a pension of RD$450 K for his" GREAT administration"

tinyurl.com/byjz3q5

Only you have less credbility than the credit criminals at JPMorgan Chase & Co.!

i see victor has decided to get into a copy and paste tournament with Atabey...it is laughable. then it will be a tournament to see who knows less

@dready:

I didnt do a copy and paste of ANYTHING in my last comment..

@Josie's Ano

I see that you see yourself in the street wise dorks of DT comment!

At this stage we do not know what will be the date of the issue, what will be the interest rate and what will be the purpose of the bonds . However within Treasury , there is a very detailed cash flow programme that shows when all the previous borrowings fall due , when the new tax increases will reach the government , when the further increrases in income that have already been passed into law will be in the governments accounts. And we will also know the effect of the various government cost cutting measures , which may be increaed. For all we know at present much of this new issue which may carry an interest rate of say 5 % will replace bonds at 8% that are to mature in the next 10 years .
I think some of the money will be used short term to cover the costs of government until the new taxes flow through But , or no one else here knows more
At this stage the government does not even know how to collect the taxes on multiple properties with an total value of more than $5 mil.

I am sure the "finantial" EXPERT Ms. Vickey, also known as Fannie Mae, knows!