Constitutional Amendment 2007: Prime Minister Owen Arthur Engaging In Cover-up Of Immense Financial Scandal

The Constitutional Amendment Act Of 2007 – A Deceitful Cover-up

Barbados Prime Minister Owen Arthur and his government have a problem. The country is in far worse shape financially than they can ever admit – and that was even before the wild spending orgy called Cricket World Cup.

With an election fast approaching, the Prime Minister and his cabinet have to find some way to hide the bad news – if not forever, at least until after the election.

Their dishonest solution is happening this week in Parliament…

Secretly, before anyone can catch on, the government is amending the Constitution and changing the way the Country’s books have been done ever since Barbados became a country.

This is the first article of a three part series where Barbados Free Press sounds the alarm and exposes the government’s deceitful attack upon democracy in Barbados.

THE GENESIS OF THE DISASTER

(Part 1 of 3 about the proposed Constitutional Amendment Act of 2007.)

The BLP came to power in times of unemployment. Keynesian economic theories (the PM is an economist) were used to get Barbados back on its feet. In those days borrowing money and spending on projects was justified to jump start us and create more jobs.

 

But while this was going on the government ‘forgot’ to put controls in place which would ensure there was no leakage, no graft, or larceny in the spending program. Worse, they promoted a policy of secrecy and obfuscation to hide the incompetence, the cronyism, and the eve- increasing theft of public monies. The people in the lower ranks of government took their cue from the top and things got worse in that more and more leakage occurred. Larger dollops of the borrowed funds were not used for productive purposes but instead found their way into cars, trips, investments that were sure losers and handouts to friends. To top it all off Government Ministers awarded valuable government contracts to companies which they or their cronies owned without any public tender or disclosure.

 

Then, at a time when prudent fiscal policies might have turned the tide and avoided the coming financial meltdown the government instead adopted the ‘bread and circuses’ strategy employed in earlier days by the Roman Empire. You know that one: exploit the masses, overtax them, mortgage the country’s future and then when they start to complain, or worse, put on grand spectacles the Coliseum – or in our case at Kensington -to distract them.

 

And so CWC 2007 was chased and won. This tactic, they knew, would mesmerize the people for a while, probably through 2007, but what to do when the honeymoon was over and the price tag arrived?

 

By then of course what with all the past fiascoes (how about GEMS, how about $50,000,000 being owed after arbitration for a contract that was never completed…tips of the iceberg these…we could go on) the debt will be out of the stratosphere. The country already owes or has guaranteed well over US$1 billion dollars that we know of. Debt service (interest) payments have climbed to over US$6,000,000 a month. There is no way we are going to be able to pay all this back.

All of the country’s valuable assets have already been mortgaged off. CWC is not – never has been – the hoped for cash cow and so soon and very suddenly there will be no way to hide the impending disaster. Which is not good because there is an election to win in 2008. If the people find out the truth before then the perpetrators of this disaster, our beloved government are doomed to go down to defeat and maybe to jail.

What to do, what to do?

Enter Arthur the Illusionist. All that is needed here is some good old fashioned sleight of hand.

… to be continued in Part 2

57 Comments

Filed under Barbados, Politics & Corruption

57 responses to “Constitutional Amendment 2007: Prime Minister Owen Arthur Engaging In Cover-up Of Immense Financial Scandal

  1. Your government has taken lessons from the government here in the U.S. Unfortunately we are the “blueprint”.

    China and Japan owns the U.S. If you own the majority of our debt, you own us!

    All of our federal government and local services have been hired out to private contractors whose only desire is profits – not government service.

    Foreign entities own most of the valuable real estate in the U.S.

    Home foreclosures are on the rise.

    Our constitution has been re-written, and new laws are put into place in the secret halls of Washington.

    We are in so much debt it can hardly be calculated, and the younger generation will be handed this check.

    Government corruption is at its highest level in the history of this country – and that’s saying a lot!

    Any financial good news only benefits the weathly and continues to erode the middle class. And the poor are off the radar screen entirely.

    And, let’s not mention this ungodly war!!!!

    As I’ve read with interest your postings on what is happening in Barbados, I can only answer with “just look at us” and you see where you arem and where you are headed.

  2. Pogo

    In the U.S. the founding fathers had the foresight to install term limits so that no person can be leader for more than 8 years.

    Not so in Barbados, Owen A. and his gang have already stayed on far past what is healthy for the country. David T. also has had his run.

    We need fresh faces with a strong ethic of work, honesty and transparency to put things back on the right track. When are we going to hear from them?

  3. Patrick Porter

    Linda
    The US is a big country with large exports and manufacturing. Barbados is a tiny country with none of those. The Arthur adminstartion has raped the people and they can’t see it. Per capia the debt in the US works out to 20,000 per person in Barbados it is ten times that figure. My children and grandchildren will be paying it until they die. We in Canada have a surplus on our budget but still have a lot of debt, caused by years of mis spending.
    Back in the days when it was the thing to do, Governments spent to win votes. In Canada that is a thing of the past, as we have laws that forbid the Government to spend more than it takes in
    I can see very shortly the IMF in all it’s wonder knocking at the door
    Barbados has a very limited economy and can’t stand the same pressures that the US can. If tourism goes belly up so goes Barbados
    The Bajan people have become used to a spending spree started by the Government and they are going along with it, which if allowed to continue will bankrupt the country
    I remember the days when imports to Barbados were controlled by the Government. Yes we did without a lot of things, but Barbados has money in the bank
    Everytime now, Arthur has to go begging with hat in hand to some foreign country. On top of that he has to pay the interst on all those loans, which is foreign exchange going out the door
    The Barbados economy is shot to hell and it seems the Government does not care as long as their pockets are lined

  4. observer

    Actually it wasn’t the US founding fathers who imposed term limits on the office of President. Apparently there was a tradition going back to George Washington’s time that a US President would serve no more than two terms. It was the 22nd Amendment to the Constitution which was passed in 1947 that made the two term limit mandatory (FDR was elected to 4 terms).

    More details here: http://smirkingchimp.com/thread/1578

  5. Wishing in Vain

    BFP my congrats to you for staying on top of this story and for enlightening the rest of us about these actions.
    This is a very dangerous course of action to follow,I hope that other Barbadians are taking heed of what is taking place in their beloved country.
    We have so many instances of bad corruption going on in this island that it now becoming the normal situation in Gov’t.

  6. paul sealy

    Hello IMF…nice to see you this morning….welcome to the real third world my friends….it was only a matter of time before Barbados got demoted…i’m sure a lot of people are waiting to see the outcome,for those that plan to leave i bid thee farewell…for those that stay….may God help you.

  7. Jail?

    No-one’s going to jail.

    They would be the first Carib. politicians to do so.
    Go to the South of France, maybe, but not to jail.

    Like all the rest, they will be allowed peacefully off the island,
    to enjoy their hidden ill-gotten wealth as they live out their lives in West Palm Beach, Majorca, Wherever (like Idi Amin?).

    No-one back home here, while ketchin-ass,
    will seek to repatriate the stolen funds,
    just as the entire national wealth of Guyana now languishes in bank accounts all over the world,
    so too will the wealth of Barbados land deals and road development contracts reside elsewhere..(they’re there,already!)

    There is no accountability
    and there shall be no accountability.

    Everyone’s cool, nuhbody en dead.
    Check it.

  8. Maat

    While waiting for the other sections to this article let me offer this theory;
    We often see the words cronies and friends as the beneficaries of the alleged corruption and graft that government is accused of, however I would suggest that we look deeper and try to identify the ‘DIABOLICAL FORCES’ that may be the real driving energy behind these alleged crimes of theft and deception.
    It is well known and readily accepted that the masonic lodges are brimming with magistrates, senior police officers, lawyers and according to the many books on the masonic movement, their aim is to recruit people that are senior civil servants and other professionals and businessmen.
    This is more than friends plotting at the country club. This is a group of people who hold truly influential positions (there are many members of lodges who are less influential, but that is just for show). These people recognise their ability to manipulate information in almost every area of our lives, from the media to the election commissions and the civil service.
    The fear that people have in exposing information of which they may become aware is because the masons have people in areas such as financial institutions, town and country planning and obviously government. They can ruin their enemies and those who may turn against them.
    Most people reading these comments may feel that this is paranoia, but how would you feel if all lodge members were called to declare their membership for the rest of us to see the connections that exist and therefore the possibility for cohesive corruption. The only thing that would make membership of masonic lodges non threatening when one considers the influential nature of the top members, is if all these people were beyond corruption. This is not to say that all lodge members are wicked people, that would be far from the truth, however they are just people like the rest of us and they do have weaknesses such as greed and ego. They have pledged allegiance over and over to reach the different levels of the masonic hiarachy and they will know and protect secrets that can effect their membership. For instance if a ‘clean’ masonic member knows that one of his corrupt brothers has manipulated a contract to their advantage, who can they tell? How can they stop this corruption within their ranks? The people that may have the power to bring the corrupt ones to justice will more than likely be a fellow member of the lodge. And so it goes on and on. All applications for government posts should ask applicants to disclose their membership of masonic lodges, all politicians and persons bidding for government contracts should have to do likewise.

    Peace

  9. paul sealy

    Don’t worry Bajans are passive we will accept the hardships…so…anybody got any land to raise donkey’s ?…

  10. paul sealy

    so maat is saying this is the work of the “NEW WORLD ORDER”…?..no…Owen would never sell a whole country……would he???

  11. Maat

    To add to the previous post, I believe that the Prime ministers drive for CSME is a way to try to hide our countries impending economic implosion. Think about it, a single economy must mean some form of devaluation of the Barbados dollar as there is no way that they can increase the value of our neighbours currencies. This devaluation will be the means by which much mishandling of the economy can be hidden as most people will be so concerned about their personal economic state that they will have little time to be concerned about the national economy.

    Peace

  12. Anonymous

    Maat

    BINGO! Nail ‘squarely’ on the head!

  13. william duguid

    My friends,

    Surely the post above can not be referring to the constitutional amendment to change Government accounting from a cash system to an accrual system which was supported 100% by the opposition during the divide which was necessary for a change in the constitution. Incidentally only Jones and Kellman were present for the vote.
    This is a better system and will enable anyone who understands accounts to check even on a monthly basis the about the position of all of Governments loans, Assets and all capital programs all the members of parliament who voted, as it passed unanimously, feel that this is a better more transparent way of keeping government accounts and was recommended by the accountant general.

  14. Wishing in Vain

    Is it going to be worth the effort to vote in the upcoming elections or will the cheats have taken care of this by stuffing the ballot boxes in advance of the election after all who is seeing after the elections not people appointed by Arthur?
    I cannot wait to get my hands on part 2 of this release I am certain that it will reveal even more about the level of corruption among Owing and his gang of crooks in the cabinet and outside of cabinet the inner circle of crooks.
    This man is so intent on holding onto power at all cost it is scary what lengths he is prepared to go to to achieve this goal of being a 4 term PM this is food for thought ladies and gentlemen.

  15. paul sealy

    It is alleged that third world leaders are payed off by the IMF not to payback their debts..so technically when the IMF step in they will own us the whole population along with all private properties so you see guys the fight for land is in vain anyway because in the end it belongs to the IMF..so you see the answer to all this corruption by our guys was just a click away…lol

  16. Jerome Hinds

    Wishing in Vain, with regards to the lengths Owen is prepared to go to secure another election victory…..remember he said recently he ain’t leaving no stone UNTURNED…!!!

  17. Wishing in Vain

    Is that not a scary thought?

  18. Jerome Hinds

    Frightening indeed !!

  19. paul sealy

    UH GUYS..THIS IS BIGGER THAN OWEN..HE HAS ALREADY DONE HIS PART..WHAT YOU GUYS NEED TO WORRY ABOUT IS WHEN THE “IMF” GET HERE SEEING THAT A WE CAN’T PAYBACK THE NATIONAL DEBT….AND KNOWING THAT AUTOMATICALLY THE PEOPLE ALONG WITH ALL PROPERTY ON THIS ROCK WILL HAVE THE STAMP “IMF” ON IT……THAT IS FOOD FOR THOUGHT…..DON’T BELIEVE….DO THE RESEARCH

  20. Maat

    I would welcome some open debate with a former or current member of a masonic lodge. Someone who has reached the 10th degree or higher (is that the right term?). Obviously a respondent may find it difficult to prove their membership to such a lodge and the attainment of a particular level within the organisation.
    If there is nothing to fear from membership to such organisations then a public discussion on the merits and benefits that such influential members could have on the development of transparent, more efficient systems of governance, a reduction in the cost of living and more cost effective socially uplifting systems of economic sustainability. Some of your membership must surely be working towards some form of altruistic use of your collaborative influence, yet the perception by some is that other agendas persist and are more dominant and not altogether for the benefit of the many but for the few within.
    Some are more enlightened than others (if you know what I mean!). If there are members of the lodges involved in the percieved graft and corruption then what steps does the organisation take to ensure they are not successful or are bought to justice? This same question goes to the churches and other groups whose influential membership can have a serious impact on the people if they conspire to benefit each other above all others and with scant regard for law or Justice.

    Peace

  21. anonymous

    with all the focus here on the negatives about world cup how about a little positive. windies beat pakistan. lets hear it for the guys. i am here still feeling the effects of drinking too much in celebration but hell we won the opener. reason to celebrate and enjoy.

  22. Jupiter

    Was the information posted above by others – what David Estwick was warning Barbados about and was told by others including Frank Alleyne – the country is in good shape?

    Harold hoyte in response to a typically stupid question by CBC’s peter thorne on the people’s business re the panellists believing owen’s promise that there will be no election before the birth of his baby said:

    “Remember the british P.m. in the 70’s who said to a reporter the night before there will be no devaluation – and then the next day devalued the pound.

    When reminded about his promise the night before he said :”it’s not important what a politician says but what he does”.

    All around we can see major distractions at hand to divert bajans attention from what is happening – and the biggest of them all is this poll that supposedly shows arthur to be more popular than thompson.

    Based on the comments from peter wickham – it is clear that roxanne gibbs and who knows maybe harold too – deliberately set out to confuse bajans about Arthur being so popular – this is evident by listening to bajans who have swallowed it hook,line and sinker – they appear dazed – asking themselves how this could be?

    However now I see wickham trying hard to undo the damage created by roxanne gibbs and harold’s analysis by pointing out that the 52% showingof owen over the 28% of thompson has more to do with ‘the office of prime minister’ – and that in 1994 before arthur was elected – he recieved an even lower popularity rating than thompson has now.

    The damage however,has already been done.

    Bajans as a result of the Nation’s spin believe arthur is some kind of untouchable and ‘genuis’ who despite what he does can do no wrong.

    Now tell me people – do you believe that’s what the people who were polled intended – and – is this popularity of owen what you are hearing on the ground?

    As a matter of fact the opposite is what I’m hearing – huge disappointment and dissatisfaction with owen – but also huge confusion about the poll – and that my friends is just what the BLP and roxanne Gibbs wanted – major disillusionment so that bajans -either don’t vote or vote back owen.

  23. Jupiter

    Was the information posted above by others – what David Estwick was warning Barbados about and was told by others including Frank Alleyne – the country is in good shape?

    Harold hoyte in response to a typically stupid question by CBC’s peter thorne on the people’s business re the panellists believing owen’s promise that there will be no election before the birth of his baby said:

    “Remember the british P.m. in the 70’s who said to a reporter the night before there will be no devaluation – and then the next day devalued the pound.

    When reminded about his promise the night before he said :”it’s not important what a politician says but what he does”.

    All around we can see major distractions at hand to divert bajans attention from what is happening – and the biggest of them all is this poll that supposedly shows arthur to be more popular than thompson.

    Based on the comments from peter wickham – it is clear that roxanne gibbs and who knows maybe harold too – deliberately set out to confuse bajans about Arthur being so popular – this is evident by listening to bajans who have swallowed it hook,line and sinker – they appear dazed – asking themselves how this could be?

    However now I see wickham trying hard to undo the damage created by roxanne gibbs and harold’s analysis by pointing out that the 52% showingof owen over the 28% of thompson has more to do with ‘the office of prime minister’ – and that in 1994 before arthur was elected – he recieved an even lower popularity rating than thompson has now.

    The damage however,has already been done.

    Bajans as a result of the Nation’s spin believe arthur is some kind of untouchable and ‘genuis’ who despite what he does can do no wrong.

    Now tell me people – do you believe that’s what the people who were polled intended – and – is this popularity of owen what you are hearing on the ground?

    As a matter of fact the opposite is what I’m hearing – huge disappointment and dissatisfaction with owen – but also huge confusion about the poll – and that my friends is just what the BLP and roxanne Gibbs wanted – major disillusionment so that bajans -either don’t vote or vote back owen.

    I await the rest of BFP’S article.

  24. Jupiter

    I don’t know if the post I just sent is going to go through or be posted twice.

    The last one I sent on the dlp’s blog yesterday didnot go through despite clicking twice and getting the duplication comment.

    The same happened with this one

    As soon as you clicked the posts goes back to the original article.

  25. %

    Was the information posted above by others – what David Estwick was warning Barbados about and was told by others including Frank Alleyne – the country is in good shape?

    Harold hoyte in response to a typically stupid question by CBC’s peter thorne on the people’s business re the panellists believing owen’s promise that there will be no election before the birth of his baby said:

    “Remember the british P.m. in the 70’s who said to a reporter the night before there will be no devaluation – and then the next day devalued the pound.

    When reminded about his promise the night before he said :”it’s not important what a politician says but what he does”.

    All around we can see major distractions at hand to divert bajans attention from what is happening – and the biggest of them all is this poll that supposedly shows arthur to be more popular than thompson.

    Based on the comments from peter wickham – it is clear that roxanne gibbs and who knows maybe harold too – deliberately set out to confuse bajans about Arthur being so popular – this is evident by listening to bajans who have swallowed it hook,line and sinker – they appear dazed – asking themselves how this could be?

    However now I see wickham trying hard to undo the damage created by roxanne gibbs and harold’s analysis by pointing out that the 52% showingof owen over the 28% of thompson has more to do with ‘the office of prime minister’ – and that in 1994 before arthur was elected – he recieved an even lower popularity rating than thompson has now.

    The damage however,has already been done.

    Bajans as a result of the Nation’s spin believe arthur is some kind of untouchable and ‘genuis’ who despite what he does can do no wrong.

    Now tell me people – do you believe that’s what the people who were polled intended – and – is this popularity of owen what you are hearing on the ground?

    As a matter of fact the opposite is what I’m hearing – huge disappointment and dissatisfaction with owen – but also huge confusion about the poll – and that my friends is just what the BLP and roxanne Gibbs wanted – major disillusionment so that bajans -either don’t vote or vote back owen.

    I await the rest of BFP’S article.

  26. bajejun

    When arrogance, deceit, and callousness becomes the cornerstone of ones political term, then the signs are clear to the electorate that it is time to change, let’s face reality, other than Owen, David Thompson is the next clear alternative, presently I am not happy with what I am getting from this Government, and strongly believe change is needed, David Thompson has not yet been tested as Prime Minister, and given the present condition and style of this Government, I am strongly inclined to give him that opportunity, when casting my vote. I needed Owen more than ever, I went with him, I don’t like what I saw, now I gone.

  27. paul sealy

    Now you guys see why CSME was introduced..it is the caribbean islands way through the world order boys and the IMF to control the third world..one community one currency…and Owen knew about it for years…from since Bill Clinton’s visit here…but the only island stopping the cycle was us because our dollar was stronger than everyone elses.

    So in comes the IMF,CSME is introduced,the payoffs came…the debt increased…Barbados is now in the ringer where they wanted it to be for years,the dollar has to be devalued to complete the cycle..in comes Owen with his plan,down goes Barbados through the shute…makes perfect sense looking at it from a NEW WORLD ORDER point of view..thanks for selling me to the IMF Owen.

  28. paul sealy

    Lord…have mercy on the Bajan people…for the lies they are about to be told by their leader will go down in history……and don’t fool yah foot it gine be nuff,nuff,nuff lies we going to hear…but those that know the truth including David Thompson will sit quietly and accept what is to come…cause he knew about it to..in fact,all of them knew except us the bajan sheep….

  29. Adrian Loveridge

    Are the Caves of Barbados Inc., another GEMS?

    $51 million upgrade!

    Even at the increased admission fee of $40 per person and allowing for child and group reduced ticket prices, at current visitation numbers (150,000 annually) its going to take 11.33 years just to re-coup the investment and thats BEFORE any operating, staff, maintainence and marketing costs.
    Mention was also made by the acting CEO, that there were going to be 60,000 cruise ship passengers and 40,000 long stay visitors attending the seven days of cricket.
    Is 100,000 visitors a realistic number, especially as the last ICC World Cup Cricket event attracted less than a third of that number?

    Why isn’t anyone questionning the figures?

  30. Patrick Porter

    Hi Guys

    I suggest you go line and type in IMF and you can see the reports for 2006 and the various recommendations there in. It makes very interesting reading. It notes that tourism is down -3.9% over the precious years. I suggest you go on the World Bank site as well. I sent the World Bank an e-mail a few months ago and was told that I do not respresent a country or a media outlet so I am not entitled to the report. It basically says in the repor that Barbados is spending too much money on extra budget things and that they welcome the CSME.
    As one of the other posters said they welcome it so the Barbados dollar can be devalued

  31. Patrick Porter

    Hi Paul

    I got a piece a land I selling, if you want it let me know. It is ocean front and has grazing for the jackass. It is called Culpepper Island, because that is where we all going after Arthur get through with us

  32. Patrick Porter

    Adrian
    No one is going to question the figures, as they come straight from the god’s mouth. Bajan people got rock stones in their heads when it comes to the BLP, they can say and do anything yet we will still worship them. I just hope that common sense prevails before the looming IMF visit comes.
    I have visited the caves and enjoyed them. What I can’t understand is why did they spend $51 million while still spending on the CWC, it just does not make any sense. It seems that we have a money tree somewhere and when we need money we just pick it. I gine ax Uncle Owen to tell where it is so I can pick some too, all you fellas when I fin out I gine tell wunna

  33. anon

    Can i draw your all’s attnetion to the latest economic review published by the central bank which shows that tax revenue increased by nearly $200 million in the first 9 months of 2006 over the equivalent period in 2005. Despite the corporation tax rate decreasing on regular business companies, the corporate tax take increased from $233 million for the 9 months ending sept 2005 to $329 million for the same period in 2006. Is this not a sign of increased contribution from the offshore sector. The VAT revenues increased from $484 million for the same period in 2005 to $543 million in 2006.

  34. Patrick Porter

    Isn’t the Central Bank a Government Controlled institution?
    I am not saying they cooked the books. But look at the VAT increase, where is that coming from? I guess the pockets of the wealthy Bajans and not the everyday working sods
    It is fine to wear rose coloured glasses when looking at annual reports, but you have to get behind the numbers and see the expeditures as well as the revenue
    I guess the budget will be a give away budget, getting ready for the election. More of the taxpayers money wasted for corned beef and biscuit politics, man I forget we got to thro in same Bajan beverage as well, better get ESA Fields see thru, cause dat is de one Owing like too bad

  35. Wishing in Vain

    Now that Owing turned religious he must be done with the wild women that Nicholls used to bring for him and he must be done with the ESAF White, you must be joking!!!!
    Seriously has anyone seen the Nation Newspaper today where Mr Thopmson is making waves regarding the contempt that he charges for parliament with this new bill to change the constitution, have a read of it.

  36. Anonymous

    Maat, where have you been, all this time,boy?
    You are 101% correct in your revelation re. the Lodges.
    – Who’da thunk it?

    Check the big white bldg. on the Salters Rd.
    What did THAT cost them? – about $85,000 ?
    $850,000 ? – try again!
    That is a mega-millions bldg. my friends,
    built on their savings, “penny by penny”…riiiiight!

    ——————————–

    Thanks for the indications of impending economic doom, etc., IMF takeover, etc
    for the future of this island.
    At last my actions are now vindicated,
    for I have never even wanted to buy property on this island, and every cent of savings I ever accumulated do not -and shall never- grace a Barbadian financial institution,
    coz in the back of my head, all these decades, I always knew the time would come when I would simply find myself and my little passport to the airport or seaport, wave y’all suckerz ‘GoodBye!’,
    and be off, with just the shirt on my back:
    i.e. no great personal loss! (in fact, quite some relief!)

    I cry fuh wunnuh who got all kinda roots here, soon-to-be worthless Bds.$ at around 4:1 viz a viz the USD, and summuch land (belonging to the Crown, or to the IMF, as previously indicated)

    Best of Luck, guys! Enjoy the CSME when it finally hits.
    One morning ‘unnuh gyne wake up to discover that the Bajan Dollar has been devalued – my guess has always been around Bds.$3.5:1USD
    (Trini Dollar should *rise* from 6:1, to same level)

  37. Anonymous

    Look at the back page of today’s mid-week Nation.

    See the bruising the Zimbabwe opposition Leader is believed to have received from operatives of the Government in POWER !!

    Word on the ground have it that our PM Budget to be presented TODAY…….will REMOVE the ANNUAL subvention given to political parties in BIM…!!!

    THUS, paving the road for what NOW exists in Zimbabwe…!!!

    Thompy and Come – along WATCH – OUT….BLOWS….maybe…..COMING YOUR WAY….!!!

  38. Anonymous

    There will be a MOVE to BAN all opposition parties AFTER the next general election…..!!!

  39. Patrick Porter

    Annonymous
    Like you I fear for Barbados. It saddens me to see what is going on and yet the people can’t or won’t see it. People now is the time to raise your voices and shout, before it is too late. Don’t say you have not been warned. Farewell my beautiful Princess, I wish you all the best in these troubled times

  40. Michele

    I am reading all these comments on the state of Barbados and I am in Shock.

    I live in Ireland and was dreaming of coming home, and have found a house to buy. Now I’m afraid and I don’t know if to stay where I am.

    Do you guys really think that the $ would be worth next to nothing soon? If so I am very afraid as my money is in Barbados for this house and it seems that I should stay here. I feel like an idiot to think that coming home would be the best thing for me and my family.

  41. Wishing in Vain

    Michele I think that there is every likely hood that the dollar will be devalued sooner rather than later this is as a result of the balance of payments situation and our extremely high foreign debt component this is a worry for all concerned and should be for you to.

  42. Jupiter

    Michele

    I feel so sorry for you and my fellow compatriots overseas.

    All I can tell you is don’t trust what you read in the nation newspaer,the advocate,cbc and depending on who is speaking even vob.

    We are all in the same boat – WE ARE CLUELESS AND IN THE DARK ABOUT MANY THINGS.

    Gov’t hides everything important from us.

    Your safest bet is to stay locked on to BFP – They and the commentators usually get it right most of the times.

  43. Michele

    Tell you what guys, right now I’m feeling sick and I can’t stop the panic.

    After working so hard and thinking that I’ll be coming home with nothing to worry about in term of money. My husband and I have gave hand in notice and paid money for the kids in school. We didn’t think that we would be coming back having to work and now it seem that we would have to.

    We are going to look plain stupid if we stay now and try and sort our jobs. I knew that the Country was being run by a pack of crooks, who were all for themselves, but to sell out your own people.

    They are the lowest of the low and I don’t know why the DLP don’t come up with hard proof of all that’s going on and shout it from the roof.

    And I think the people that are going to suffer should stop falling for the sweet talk and tricks of Owen and the other crooks.

    The only people in Barbados that are going to be set for life are the friends and family of these useless people that call themselves the government.

    I’m mad as hell now at myself and for wearing rose colour glasses for so long.

    I just hope that the DLP could sort something out if the people put them in the House next election. And I do hope the people of Barbados could only see that they would have to try their best and make good of a bad thing.

  44. Economix

    Michelle,
    you should have kept your savings denominated in the Irish Punt, or in the G.B.Pound, repatriating the funds as needs be.
    Instead you chose to keep it denominated in the US-pegged island-dollar currency of a Caribbean nation 21 x 14. (nationalistic sentiment)

    In general people trust their “money” far too much!!
    It’s made of the same stuff you wipe with – paper!

    Back in 1982, I read Milton Friedman’s book PAPER MONEY, and it completely changed my outlook on today’s cash currencies, [barring the Swiss Franc, which is to some degree still backed by Real Money – GOLD ]

    If you haven’t already bought the land in Barbados BUY IT NOW -YESTERDAY!
    Land cannot devalue.

    If you’ve already bought the land, that is safe,
    but the Barbados Dollar paper money in a Barbados bank/institution is not.

    You now need a tangible ‘vehicle’ to get you thru the transition period: buys cars (diamonds?) gold(too pricey right now:good time to SELL not buy) -start thinking what tangible,value-holding things you can buy now, that will make the transition, and can be sold at ‘new value’, post-deval.
    Buy even MORE land? (I’ll soon have a SOLID house to sell, near Warrens,cul de sac,concrete roof!)

    Frankly, I’d stay where you are, other than the wretched climate!

  45. Warrior

    “I think that there is every likely hood that the dollar will be devalued”. Wake up and smell the coffee, the dollar has already been devalued a $100 in truth and fact is only worth $10 at this present time.

    My biggest concern is not that the DLP has nothing to offer, my concern is that if they win the election they will be so thirsty that they will carry right where the marauders – who is the Barbados Labour Party government- left off.

    I have long said that this country went to hell in a hand basket. What I take comfort in is that although many think that God has a pair of pajamas he neither wears them nor does he sleep. What a man sows he must reap – don’t care if he along with he wife concubines and day nursery run from here to Halifax – he gwine still sow what he reap.

    As for the IMF – to use Rev. Baird words to Mr. Fearless – Not Bout Hey

  46. Warrior

    To comment on the lodges –

    Satan can never correct sin.

  47. Economix

    Warrior said…“Wake up and smell the coffee, the dollar has already been devalued:
    $100 in truth and fact is only worth $10 at this present time.”
    – and he is perfectly right.

    For some time now I’ve maintained that the de facto, on-the-ground truth is that,
    within the state of Barbados, the Bds.Dollar is already substantially devalued:
    just walk into any supermarket and see what it buys!

    It is not yet devalued, relative to the ‘outside currencies’/USD it’s pegged to:
    – that exchange rate is what pays the importation bills, and when (Forex-relative) deval. happens,
    look for supermarket prices to go up, suddenly.

    Bajans think this can’t possibly happen here..
    THAT sorta thing happens in “Other lowly countries” like Trinidad, Jamaica and Guyana, but certainly not here in Barbados!

    A devaluation of the Barbados Dollar is long overdue (ask any manufacturer)
    and is, frankly, inevitable.
    The only thing that has saved us so far is our capacity to generate mucho Forex, via Tourism,
    but ‘the shine is off’ Barbados,now.. these 10 years, and things are tapering off.

    ________________ Just now.

  48. paul sealy

    We will learn to accept the IMF with open arms…passive people take hardships in strides,Owen knows this and will not lose sleep over it,nothing can or will be done about it unless David Thompson makes a reply that will make bajans stand up and take check this evening and i doubt that will happen.

  49. Linda

    Patrick,

    Yes, the U.S. is obviously a big country, but we have little manufacturing left, and we do not export much of anything.

    Manufacturing has left the country for tax free havens and cheap labor. We IMPORT everything from China, Japan and Taiwan. We have no treasury as politicians, corporations and the wealthy have continually dipped their hands into it.

    Since I live in the U.S., my only point in posting on this subject is that my country is the biggest example of what can happen when citizens simply go on with their lives and pay no attention to what is happening in their government, and do not hold politicians accountable.

  50. paul sealy

    Both David’s tore the rummy a new one last night..i commend Estwick on his ability to have “balls” at a time like this and remind people that Owen did lick up the Jamaican economy and his policies reflect similar situations here,what we need to do now is go on with the fake smiles,take the money they offer this toss and vote in the DEMS quickly,seeing they are the only hope…piggies or not…..cant believe people still meet these criminals down parliament and hug and kiss them up..smh..these people are paid for this publicity right??..lol

  51. John

    “i commend Estwick on his ability to have “balls” at a time like this ”

    I am sorry to hear he doesn’t normally have them.

    I liked what he had to say too. A bit too histrionic but the substance was good. I enjoyed it.

    He also has a sense of humour. When checked by the speaker for referring to the Government as the 23 blind mice, he was quick to correct himself and say he meant to say 22 and was not including the speaker.

    Missed DT (David Thompson) but I am hoping he gave O$A the DT’s. I had to work.

    Hope to be near a radio when Dennis lets go. He is probably the only politician who seems to say what is on his mind,

    Like the song says he says the “words he feels and not the words of one who kneels”. Sometimes it gets him in trouble but I recognise and applaud his forthrightness.

  52. Anonymous

    It seems like the bill will go through and you know without a fixed exchange rate after removal of e.taxes and knowing Barbados can’t keep that fixed rate our dollar will have to be “DEVALUED”….it has been proven and the government along with the merchants are waiting for that day….so long my beautiful Barbados….hello IMF..no wonder we won’t be borrowing for the next five years owen.

  53. paul sealy

    It seems like the bill will go through and you know without a fixed exchange rate after removal of e.taxes and knowing Barbados can’t keep that fixed rate our dollar will have to be “DEVALUED”….it has been proven and the government along with the merchants are waiting for that day….so long my beautiful Barbados….hello IMF..no wonder we won’t be borrowing for the next five years owen.

  54. paul sealy

    shoot forgot to put in my name again…stupse..sorry guys

  55. Anonymous

    Why dont you publish a new Independent newspaper called “The Barbados Free Press??
    I think if it remains unbiased and reports everything that is going down politically, socially, morally, a lot of people will buy it!
    Good Luck and Best regards.