That is a pretty callous approach Susangg, even for a misguided attorney. The discussion is framed around Belize going to the US dollar. If Belize is unable to exchange the current Belize currency for US dollars at 2 to 1, it will be the Belize people holding Belize dollars that get hurt. If Belize defaults on it's loans (you are probably right as to when not if) then yes, the banks will take a loss. The problem with that is banks get their money from people depositing it in them. Ultimately it is the "tax payer" that gets hurt. I think it was set up that way by attorneys.

Another interesting question. At present Belize is printing new currency to replace the old with the reason given that it will be harder to counterfeit. Do we think, and how will we know, the Belize government will "retire" one old bill for every new bill put into circulation? Hmmm, a tempting opportunity for corrupt politicians.

A final question. Maybe one you are actually qualified to help answer, Susangg.
Why is it that most of these corrupt politicians are attorneys?
:rolleyes: