Belize Bonds trading at .65 cents on the dollar as JUNK.

BELIZE SUPERBOND TRADING IN LUXEMBURG AS A JUNK BOND

The Belize Super Bond is trading in Luxemburg as a junk bond is as of November, 2011, trading at .65 cents on the dollar. The trouble with the bonds, is that we are not allowed to retire them, by refinancing. Next year, a quarter of the revenues of Belize will be spent paying just the interest on these bonds.

COMPARATIVE DEBT TO GDP RATIOS IN OUR GEOGRAPHICAL AREA.

Belize 2011 58% - In 2009 it was 75%, the time of the GREAT RECESSION crisis.
Guatemala 42% in 2009
Cayman 7% in 2009
Mexico 24% in 2009
Colombia 20% in 2009
Paraguay 13% in 2009
Honduras 23% in 2009
El Salvador 53% in 2009
Bolivia 15% in 2009
Bahamas 6% in 2009

A JUNK BOND category, means nobody will be surprised, or even be dismayed, if Belize defaults on their bonds. They will shout and scream, threaten, etc., but basically it is already calculated into the risk on their investment portfolios and will be just WRITTEN OFF. For about 3 years, Belize will be unable to borrow from banks, but after that, the hungry SHARKS and lending salesmen will be back knocking on the door of the Belize Government to borrow again, for bank dreamed up schemes of financing infra-structure again. The IMF will be called in to threaten, cajol, coerce and intimidate, but we don´t have to mess with these bone breakers, who only want to break kneecaps and put a borrowing country in the hospital as enforcers for the banking mafia crowd.