Crooks in jacket suits exploiting the sliding dollar

Friday, June 22, 2018

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Dear Editor,

Once again we are seeing a slide in the Jamaican dollar against its US counterpart and everybody is worried — and rightly so.

Once again the Bank of Jamaica's 'surrogates' need to stop talking foolishness about we are too concerned about the dollar sliding. That's absurd! We all should be concerned.

Be that as it may, however, there is an injustice that is meted out to Jamaicans every time, over so many years without abating, the dollar moves — businesses increase prices, and when the dollar goes down the prices stay high. It's the only economic variable that only seems to go one way, up.

So it wasn't any surprise when I heard on the news that businesses are saying they intend to raise prices because the dollar is sliding. It's a criminal injustice against Jamaicans. These business people are like “two-foot puss”, highway robbers, and runaway criminals. They need to stop!

Just a couple of months ago the dollar was stable and only one business, Wisynco, reduced its prices. Good going, Wisynco!

The excuse of the others is always that there are other costs that have gone up so they can't reduce prices. Yet, when they were raising prices none of those other costs were mentioned; it was only the sliding dollar that was blamed. When they get pinned down on these 'other costs', their defence is that those costs are directly or indirectly impacted by the sliding dollar. It's a layered argument that makes absolutely no sense at all.

Something needs to be done. Jamaicans are suffering because of these crooks in jacket suits.

The sad thing is that there is nobody who is going to protect us from them. Forget about the Consumer Affairs Commission.

Fabian Lewis

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