Monday, July 25, 2011

LORD ASHCROFT FORECASTS BELIZE GOVERNMENT DEBT DEFAULT IN MIAMI.

Lord Ashcroft of Belize and UK and myriad tax havens in between.
LORD ASHCROFT IN TV INTERVIEW IN MIAMI FORECASTS DEBT DEFAULT BY THE GOVERNMENT.

LORD ASHCROFT FORECASTS A DEBT DEFAULT BY THE BELIZE GOVERNMENT. HE SPECULATED THAT THE GOVERNMENT RUN BY THE UDP WILL FIND THE MONEY SOMEHOW, TO MEET BOND PAYMENTS UNTIL THE NEXT NATIONAL ELECTION. BUT IF THEY GET RE-ELECTED AFTER THAT, THE GOVERNMENT OF BELIZE WILL DEFAULT ON IT´S DEBTS. THE DEBT RATIO THESE DAYS DURING THE UDP TERM IS A STATE SECRET. NEVER TO BE UTTERED BY QUARTERLY TRANSPARENT ECONOMIC REPORTS COMING OUT OF OUR FINANCE DEPARTMENT. SUSPECTED TO BE AROUND 100% DEBT TO GDP RATIO.

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