Ralston Hyman Interviewed By Colin Bell || #Portlandspicetv
#ralston#hyman#interviewd by #colin#bell#portlandspicetv. In an Interview with Portland Spice TV host Colin Bell, Ralston Hyman goes in-depth into Jamaica’s Economy explaining what happened to cause ’90s financial meltdown, the cause, and those who benefited, he spoke of the exchange rate and the decline of the Jamaica dollar, the state of the nation Agriculture system, he makes the comparison between Nigel Clark and Omar Davies, he stated that Nigel run down the infrastructure while Omar build institutions, the government spent $90 million trying to save the Jamaica dollar, three times in one week the Bank of Jamaica has to intervene to save the Jamaica dollar, the Prime Minister doesn’t know anything about economics and he he’s out of touch with the economic reality, he’s going around spreading a whole lot of propaganda, the trade deficit was 2.3 billion for the first five month of the year, the economy flattened during the second quarter April to June, the effect of Hurricane Beryl on the Island Agriculture sector don’t get the support it should get from the government, the road infrastructure is terrible, out of $10 billion worth of damage the government only disburse $3 billion. The Finance Minister gave away $11.45 billion to win the election rather than pump it into production because every infrastructure in Jamaica is run down. Guyana is the fastest-growing economy in the world, while Jamaica is the slowest-growing economy in the Caribbean. He explained the liberation of the economy in the ’90s by the PSOJ and Manley, he stated that the local banking system was the cause of the financial meltdown, and he said FINSAC was the solution, not the problem as they made it over the years. #primeminister #financialmeltdown #agriculture #huricaneberyl #colinbell #ralstonhyman #nigelclark #bankofjamaica #foreignexchange #andrewholness #omardavies #jamaicaisgoingbankrupt #financialanalyst #FINSAC #intergitycommission #report #SSL #nigelclark #FINSACarchive #jamaicaeconomy #jamaica #foreginexchange #people #jamaicadollar #USdollar #$US
source