THE VIEWPOINT ON LIFE FROM THE PRIMITIVE POOR OF JAMAICA!

Do not rock the boat syndrome is based on the false concept of the primitive poor class of many Jamaicans. Why? Because they are the slave class who desperately seek to make it in life. Though many rock the boat as they cannot help themselves. They still consist this class, based on their true outlook in life.

FALLACY OF THE POOR

1. FINDING THEIR PLACE IN SOCIETY

Real meaning of finding their place in society really means they recognize that they are really nothing and are on the outside of society to be taken as someone and to attain respect.

2. LANDING THAT DREAM JOB & CAR

True meaning being a good boy or girl will land you that dream job that will land, you the money you need, so as to no longer walk as the slaves do, or take public transport. Better yet to be able to afford the SUV or fancy car / the slave master’s chariot’s equal.

3. LANDING THAT CONTRACT WITH THEIR RULERS/RULING FAMILIES OF JAMAICA

True meaning is to say I have done business with Master/Massa Joe, is a huge recognition for the slave gene.

4. MOVING ON UP TO THE HILLS

As the ruling class, the well to do, the well off, the successful browns, blacks, and in between off whites fled the flats/neibourhoods for the hills or to Florida and California in droves in the late 1970’s, and 1980’s (The poor niggers were coming).

The primitive slave, the poor slave saw the hills that was once for goats, with it’s border flats of such hills were for horse dens and cow pastures, and with a few Rasta settlements flying their flags high as smoke from their wood burning rose from the hills.

The the hills now overrun by pigeon coup apartments, deforestation, with no shopping area and no hospitals or pick of quality schools near by.

Is the pearl in the eyes of the underclass that has taken the better part of the last 25 – 30 years accumulating enough money to rent or by a flat next to the escapees of the 1970,s and 1980’s.

WHAT NEXT?

All this takes place while the best communities in Jamaica is dealing with illegal commercialization, as the KSAC is infertile and impotent to do anything.

Eastwood Park Gardens, Cassia Park, Richmond Park, Suderland Gardens, Sundown Crescent just to name a few. Of course you will need average $25 million to $35 million to home one of the better homes in one of these communities. Which would require a salary of $500,000 per month at today’s rate just to qualify for the mortgage. So it is not for the poor.

In fact the true value of homes in the better communities on the flats such as Eastwood Park Gardens,would run you $50 million after renovation / demolition of old home and rebuilding new home.

After which the sale of that property would be $85 million to $110 million as a 1/4 acre with fruited trees in the most centrally located community in St. Andrew is not cheap.

EASTWOOD PARK GARDENS, CASSIA PARK HOMES, & MELBOURN CRICKET CLUB

SHOPPING

RESTAURANTS & BARS IN AND NEAR BY EASTWOOD PARK GARDENS

IPO2.0 HAS APPROACHED THE FSC SINCE 2011

While reading the following article, The following jumped out at me;


“A depository receipt is a transferable security, usually in the form of equity that is issued by a foreign publicly listed company and traded on a local stock exchange.

But these aren’t available locally as yet.

Source: FSC to develop crowdfunding rules
http://www.jamaicaobserver.com/business/FSC-to-develop-crowdfunding-rules_16152463

Why did the FSC mention this line? Is there going to be a forced link with the Jamaica Stock Exchange (JSE)?

What if equity stake provides a Virtual Share, Virtual Stock, or Virtual Bond or Virtual Hyrbid of all three? Meaning it is not a depository receipt, much like Bitcion is not real money.

Also the said statement would imply that the FSC will seek to force crowdfunding sites to list with the JSE. That would be nonsense, as new models will seek to compete with legacy players and less paper work and less gate keepers.

Listing does not prevent fraud. Just asked all those investors who invested in start ups or companies and still cannot see ROI on their investments for years.

How will the FSC handle listings on the JSE when some of these trades is alleged to have made 2 to 3 change of hands prior to listing thus already making those who were in on it first more money that the last set of buyers?

After all this is not the norm in the USA.

Innovation does not join forces with legacy players. Innovators, true innovation make new rules and new industries and do not seek to be chained to any system that only seeks to protect the status quo under the false pretense of protecting the rights of investors. In another post I will elaborate on this further.

I will be following these developments keenly.

The FSC in the article said it could not disclose the firms or individuals that have approached them. Well I can.

From late 2011 I have approached them with the concept and in 2012 revealed to them the model and that it is known as IPO2.0 While providing numerous data to educate them on the industry.

I am however very concerned on their approach towards the International Organisation of Securities Commissions (IOSCO). As in my view they may seek to protect legacy players in pretense of protecting the investor.

Where were they when Wall Street and global traders in exotic securities caused billions of dollars to vanish in thin air, while not creating any new jobs or technology in the process?

Now have read this particular post, there is much room for concern for the crowdfunding and crowdfinance sector against the legacy players using valid reasons from past actions from failed investment schemes hurting innovation and job creation at the highest order.

The article “FSC Gets Wider Policing Powers
By http://jamaica-gleaner.com/gleaner/20140228/business/business1.html

“Anyone who fails to comply with a summons, or commits an offence, will be liable to criminal sanctions,” the attorney said.”

This I certainly hope does not affect the threat crowdfunding poses against the legacy Money Changers industry in Jamaica.

Nothing would be more disgusting than to see these Money Changers creep into the crowdfunding sector under the disguise as good fellas.