Submitted by Bush Tea
OK, I admit that Bush Tea is a freak that suffers from strange brain waves and, like some living at a certain place in Black Rock, cannot be relied on to have rational opinions. But cud dear, even in such a state Bush Tea is challenged to understand why we would want to buy back the BNB.
Admittedly, we should never have sold it in the first place. But having sold the thing – and it seems like the buyers were happy, we were happy, everybody was happy – now I am hearing all sorts of big-up bright people talking about finding hundreds of millions of dollars to buy it back?!?
WHAT THE ????!!!
A fool and his money are soon parted. Here we have a small country that produces NOTHING. Have no natural resources. Facing difficulties ahead – and from the Prime Minister back talking about spending precious money buying something like BNB???
These people really ‘outside’ the fence at Black Rock?
Listen to Bush Tea’s foolish advise people. Let Republic Bank keep the thing. Why can we not see this as an opportunity to at last produce something for sale –National Banks!!!
All like now, we should have started two more national banks – The National Savings Bank of Barbados and the National Commercial Bank of Barbados. Bush Tea estimates that it would cost about 5 Million dollars each to start such a bank.
Any ‘national bank’ is purely a creature of the government of the country. Government stipulates which institution it will use. Credit Unions decide where they will save their funds. Barbadians decide which bank they will deem to be ‘their’ bank.
In short order, we could also sell these two other ‘national banks’ maybe to Venezuela and Canada for 200 –300 million U$ dollars each. – All the while we starting on ‘national banks’ numbers four, five and six….
This is so obvious. Barbados could be in the business of growing and selling ‘national banks’
Wanna see now why fools are always poor?
Instead of exploiting a super business opportunity and making hundreds of millions of dollars per year, our business ‘experts’ are recommending that we BORROW money to buy something that we can replicate for next to nothing. Well! Well! Well!
In the old days when we had people like the Dipper in charge (and when the Bush Tea had a younger and more agile brain) we had this identical situation and it is well documented in calypso.
Apparently, a Trini decided to invest some meat in a Bajan pot of rice. That old time Baje readily acquiesced to the investment and everything went well until things came to a boil, at which point the ‘Dipper era Baje’ invited the Trini to hold on to his investment while that Baje divested his shares of rice.
Um is the same thing. What buy back what meat what?
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