The Author’s name withheld on request

How much longer can we continue this way Mr. Sinckler? Better believe we need to come up for air now. People all over Barbados want some reprieve. How much longer can they take these draconian measures and not fall through the social net? We need relief and we need it like yesterday.

What is the sense of being able to boast of cutting the deficit in half and the country’s people are suffering?

You are on video boasting in Parliament of the tough times our generation has been through and of how it makes for character. Yes sir Mr. Minister we agree, but are you not forgetting… back in those days you could beg for a breadfruit….a turnover was for 5c….you could eat and sleep at the neighbor and vice versa. Times have changed Mr.Minister … they have become harder. What could play in those days, won’t cut it today.

By taking so much money out of the economy in the forms of increased taxation and surcharge on fuel,   the money supply has decreased .  The money multiplier effect has thereby waned as a result, and there are less dollars to be circulated and  personal savings are being withdrawn from the banks. For those so interested….. money creation is the process by which the money supply of a country  is changed. There are two principal stages of money creation. First, a central bank introduces new money into the economy termed expansionary monetary policy…. by purchasing financial assets or lending money to financial institutions. Secondly, the new money introduced by the central bank is multiplied by commercial banks through fractional reserve banking; this expands the amount of broad money (i.e. cash plus demand deposits) in the economy so that it is a multiple (known as the money multiplier) of the amount originally created by the central bank.

Mr.Sinckler  by your government’s mid-term fiscal policies, you all have successfully choked up the country’s monetary plumbing real good. The system needs an enema, and real fast….to release some frustrations and anxieties the hard working and unemployed people are left to bear.

Come Budget Day, we need A GOOD RELEASE…”something proper”..for some of us are daily riding the “Brumswick Schooner”….and that is no lie.