Banking Collapse??


The silence one experiences in a bank may be rivalled only inside of a prayerful church. Our money and its care is extremely private and treated as quasi-sacred. Our jaw-dropping gasps were thus very much in order when, no less than, our Prime Minister sidesteps and whistles Belize into the same sentence as save-face compensation to foreigners which could feasibly belittle Michael Ashcroft’s $500 million plus settlement. Then again, if the Special Agreement could be signed by one person to send Belize into International litigation, then, the UDP could feel their mandate is totally open and have no need for Parliament.

Back to banking, last night, as Belizeans watched their nightly news, they were stealthily presented a pro-Central Bank message which informs about a Choice Bank withdrawing a Supreme Court case. Now, this ad does not meet the expectation or the respect due to the Belizean people. Even the seemingly daily police briefings do a better job at informing us. So yes Prime Minister, how is it that this July 2018 Choice Bank issue which to most Belizean people is unknown, pops up like an unrequested banner at the top of our tv media dose of information. In Spanish, sera un tapa ojo.

The aforementioned silence is deafening after this newspaper’s revelation last week of the Atlantic International Bank Limited imbroglio. The deep implications require at least a statement of ‘no comment.’ We will repeat this for context; when the Prime Minister involves Belize in financial compensation to foreigners even the unassuming Jaguar etched into our money can roar in disapproval. In the words of your accountable Senator, it is fair game and the Prime Ministerial shoulders need to be very broad.

A measly Central Bank ad in between the nightly news articles cannot patch this compromised financial levee. ONLY fully disclosure can really help save face. The Espat/Grant international visit with the FTC, after your own teleconference with them, yielded what? Analogy: What would happen if your Met Service would somehow hide that a Category 5 storm is on a definite path to Belize?

Thanks God for the Internet we know of this Sitee River Wildlife Reserve and its collusion with the Sanctuary Bay Belize and Pukke/Baker jailbirds. Another oversized elephant is the Barrow & Williams involvement. Is the PM’s law firm a satellite or a server? Without digressing, is Senator Aldo Salazar and Keystone synonymous with integrity? Maybe it is high time that the Integrity Commission makes a call on this.

All this uncertainty is not pro-Belizean. This is why we have a Prime Minister. The precedent is set; he can rush an issue when he wishes. Why isn’t there a rush to render this one crystal clear to Belize? Explain this to everyone not just the financial gurus. The health of Belize’s financial sector might be banking on your openness. Is Belize financially compromised? No, why? Yes, why? Tick-tock, tick-tock…


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