@ dercris

I rebuke your five predictioins, especially the collapse of the Stuart Government. I decree this day that it will stand and not fall. God Bless the Stuart Government. Build a hedge of protection around it so that no weapon against it will prosper.

@Gabriel Tackle | February 25, 2013 at 10:44 PM |

All you croaking Dems who bathing yourselves in glory so called,have nothing to gloat about.This election is a watershed in Barbados.For the first time disgusting political lepers like Inniss and Sinckler have introduced a new dimension in local politics in which their brand of philosophy is the ends justify the means.If you have to buy votes,do so and then shout at the top of your voice that the blp bought votes and you saw it.And get your PM and AG to say the same thing.And if you have to pay to bring in dems fro NY to vote do so too
because you are dirty enough to do deals………………………………….

Gabriel
You are so right! Feign righteous indignation to take the spotlight away from themselves.

The DLP stole this election. They brought in Dems from their overseas’ branches to vote and the DLP moved Dems from St John to some St Michael constituencies, in South Central particularly. I remember people calling in to Brasstacks and saying that election notices were sent out in persons names in care of persons in their area and no one had ever heard of these persons. The postmen were baffled.

And these Dems have the nerve to gloat that they win!

uh wunda hummuch longa de blog gine get full up wid post election crap.

David yuh might have to get a bilge pump.

@Carson,
My sources tell me that the Barbados Labour Party is blaming “traitors from within the party” for their recent defeat.

Whatever that means………………………………

CCC,
This is the Lenten season. Cant you stop lying?

@Mark Etheridge | February 26, 2013 at 10:49 AM |

@ David,

Will someone clean (with Clorox) the steps of Parliament after Kerrie Symmonds W.B. walks up into Parliament?

The lease the BLP could do is hire Karcher to clean the place afterwards……………………………..

Maybe you could ask that the same be done after John Boyce!

congratulations to mia.Dems cannot claim any victory on election day, what victory? cheating and stealing dont count.They were even trying to steal Santia votes. It is interesting that a Prime Minister could claim he witnessed it firsthand and did absolutely nothing.In fact that is typical of him do nothing for 5 years then wake up around election time.

@ Fractured BLP

LOL. you’re on a roll. Lol.

Fractured BLP

“Now the BLPites in the lead up to 21st February , 2013 election in Barbados foolishly believed that the Barbadian electorate would remove a first time government from office”

I have said more than once on this blog that BLP people are easy to fool. One of them just have to say something, no matter how ridiculous it is and before long they are all regurutating it. Just go back to any thread in the past and you would see the nonsense they talk even in the face of overwhelming evidence to the contrary. This includes the Blog owner as well.

To take it to an extreme, some of them were even saying that Hutson would have won the St. John bye election. These BlP people need their heads examining. You can call any name and they are all the same. That is why it is so easy to beat them. They live in la la land.

The list of them is amazing. Prodigal son, Just asking, islangal246, smooth chocolate, Miller, old onion bags, caswell franklyn, George C Brathwaite , Hal Austin, enuff etc, etc,

I know that toppin will loose the rest of his hair, he is already on record as saying,”yuh tink it easy being in opposition”.

….and that was the first five years, this next five years will be hell on him.

Freundel brought in Pastor Bonnke to perform the miracle of raising up the Dead Labour Party to life. But he will soon have to call him again to save Barbados from dying at the hands of the worst administration in the history of Barbados,.
@dercris your predictions are spot on. Maybe you are the new prophet.

“A good country with good people led by a poor government.” these words shall hold true.

Prodigal Son

Get a life. Your party lose. The people have rejected wunna. They ain’t forget wunna yet. 5 more years in Siberia.

Where is the PM? Where is the last Speaker of the House?

You are a typical dem. You prance up only when you are in power. Freundel and his men have done absolutely nothing for the economy. They have increased vat, they have raised foid prices, taken away allowances and caused negative growth. You are the one in la la land. Get a life and find freundel a wife and maybe she cd wake him up before next elections.

Rendered Assistance | February 26, 2013 at 7:39 PM |

Prodigal Son

Get a life. Your party lose. The people have rejected wunna. They ain’t forget wunna yet. 5 more years in Siberia…………..

I have a surprise for you. I have a GOOD life. My party lose? How do you feel that the whole world knows that the DLP in 2013 bought an election? 5 more years in Siberia? I will remember this when all hell breaks loose. Can you do me a favour, ask who ever becomes the MOF to spend out the income tax refunds, I need mine. And to think it is soon time to file again.

@David 7.47pm
You are so right.The Barbados economy is in a precarious state and ideas and constructive contributions are lacking.The sitting comics are out in force gloating over a pyrrhic victory that will cost us heavily if not skillfully and intelligently managed and Owen Arthur would have been my choice for captain of this ship of state,over Stuart and over Mottley.I understand the foolishness of those whose interest is tied up with support of the Dems,however the broader picture is that these same Dems who have been returned to the corridors of power have not shown me that they are capable and I have zero tolerance for them.They do not inspire confidence and I am not the only one to see it.We will see if and when private sector investment other than Jada or Preconco will materialise.Foreign investment and foreign exchange inflows are what will be required now more than ever.International standing is a prerequisite, if a Prime Minister is to influence FI and FE inflows.Stealing an election and associating with lepers and dishonest salesmen won’t get us the respect and confidence of the captains of industry and the brokers of FI and FE.

OSA leaving politics to spend more time with his family and finish his memoirs
bye election coming

Well Well

Sorry I missed your comment. Here is the thing just so we are clear. Rihanna is NOT an academic scholar and she is now the most valuable example of intellectual real estate for Barbados today, and in history. I can continue of course, but I respect you enough to know that that would not be necessary …

Just saw the photo in the Nation of Payne and Marshall with the description of Payne as “pensive”. I know the Nation is always kind to BLP politicians, but the word that should have been used was “forlorn”. Forlorn is a fitting description of the five that voted for another leader- “The Forlorn Five”

@bring it on

Yes there is a bitterness which currently permeates the political landscape of Barbados. Let us hope PM Stuart and Opposition leader can by their leadership deflated this state of affairs.

On another note: many probably understand why Arthur stayed away from the BLP caucus to select a leader but surely he should have been asked to be part of the publicity shots when MAM was selected as leader. This rings true when we consider MAM’s comment that Arthur intends to be a vigorous member of the Opposition bench in the House. Not good optics at all. Why does the public believe that Arthur will attend parliament when he hardly did so as Opposition leader?

Dems are curious creatures. You have a lot of mouth when you barely won bacj government.in fact you bought votes and still only win by two. Why not worry about your freundel managing chris and david? Why not worry about him waking up before another 5 years? Why not worry about the misuse of nis money? Your dem time would be better spent worrying about these things rather than about owen and mia. I await the imf hands with the wonderful dems.have you noticed how close to demons the word dems is? Hmmmmmm

Start getting WORRIED
READ THIS!!

The Sovereign Debt Crisis Is Never Going To End Until There Is A Major Global Financial Collapse

By Michael, on July 7th, 2011

In the past, there certainly have been governments that have gotten into trouble with debt, but what we are experiencing now is the first truly global sovereign debt crisis. There has never been a time in recorded history when virtually all of the governments of the world were drowning in debt all at the same time. This sovereign debt crisis is never going to end until there is a major global financial collapse. There simply is no way to unwind the colossal web of debt that we have constructed in an orderly fashion. Right now the EU and the IMF have been making “emergency loans” to nations such as Greece, Ireland and Portugal, but that is only going to buy those countries a few additional months. Giving more loans to nations that are already drowning in red ink may “kick the can down the road” for a little while but it isn’t going to solve anything. Meanwhile, dozens more nations all over the globe are rapidly approaching a day of reckoning.

All of the bailouts that you are hearing about right now are simply delaying the pain. The reality is that when the “emergency loans” for Greece stop, Greece is going to default. Greece is toast. The game is over for them. You can stick a fork in Greece because it is done.

One of the big problems for Greece is that since it is part of the euro it can’t independently print more money. If Greece cannot raise enough euros internally Greece must turn to outside assistance.

Unfortunately, at this point Greece has accumulated such a mammoth debt that it cannot possibly sustain it. By the end of the year, it is projected that the national debt of Greece will soar to approximately 166% of GDP.

The financial collapse of Greece is inevitable. If they keep using the euro they will collapse. If they quit using the euro they will collapse. When the rest of Europe decides that it is tired of propping Greece up the game will be over.

At this point very few people are interested in lending Greece more money.

As I wrote about yesterday, many of the nations around the world are only able to keep going because they are able to borrow huge amounts of money at low interest rates.

Well, nobody wants to lend money to Greece at a low rate of interest anymore.

Today, the yield on 2 year Greek bonds is back over 28 percent.

Fortunately for the rest of the world, Greece is just a very, very small part of the global economy, but when interest rates start spiking like that on U.S. debt or Japanese debt the entire world financial system will be thrown into chaos.

So why is there so much of a focus on Greece right now?

Well, there is a real danger that the panic will start to spread.

The other day, Moody’s Investors Service slashed the credit rating on Portuguese government debt by four notches.

Portuguese debt is now considered to be “junk”.

But even more alarming is that Moody’s stated that what is going on in Greece played a role in reducing the credit rating of Portugal.

The following is a portion of what Moody’s had to say when they cut the credit rating of Portugal by four notches….

Although Portugal’s Ba2 rating indicates a much lower risk of
restructuring than Greece’s Caa1 rating, the EU’s evolving approach to providing official support is an important factor for Portugal because it implies a rising risk that private sector participation could become a precondition for additional rounds of official lending to Portugal in the future as well. This development is significant not only because it increases the economic risks facing current investors, but also because it may discourage new private sector lending going forward and reduce the likelihood that Portugal will soon be able to regain market access on sustainable terms.

Do you understand what is being said there?

Basically, Moody’s is saying that the terms of the Greek bailout make Portuguese debt less attractive because Portugal will likely be forced into a similar bailout at some point.

If the EU is not going to fully guarantee the debt of the member nations, then that debt becomes less attractive to investors.

The downgrade of Portugal is having all kinds of consequences. The cost of insuring Portuguese government debt set a new record high on Wednesday, and yields on Portuguese bonds have gone haywire.

If you want to get an idea of just how badly Portuguese bonds have been crashing, just check out this chart.

But it is not just Portugal that is having problems.

Just recently, Moody’s warned that it may downgrade Italy’s Aa2 debt rating at some point within the next few months.

Spain is also on the verge of major problems and Ireland may need another bailout soon.

Things don’t look good.

Unfortunately, if the dominoes start to fall the entire EU is going to go down.

Big banks all over Europe are highly exposed to sovereign debt and they are leveraged to the hilt.

It is almost as if we are looking at a replay of 2008 in many ways.

When Lehman Brothers finally collapsed, it was leveraged 31 to 1.

Today, major German banks are leveraged 32 to 1, and major German banks are currently holding a tremendous amount of Greek debt.

Anyone with half a brain can see that this is going to end badly.

So how is the European Central Bank responding to this crisis?

They are raising interest rates once again.

That certainly is not going to help the PIIGS much.

But Europe is not the only one facing a horrific debt crunch.

In Japan, the national debt is now up to about 226 percent of GDP. So far the Japanese government has been able to handle a debt load this massive because the citizens of Japan have been willing to lend the government gigantic mountains of money at interest rates so low that they are hard to believe.

When that paradigm changes, and it will, Japan is going to be in a massive amount of trouble. In fact, an article in Forbes has warned that even a very modest increase in interest rates would cause interest payments on Japanese government debt to exceed total government revenue by the year 2019.

Of course the biggest pile of debt sitting out there is the national debt of the United States. The U.S. is so enslaved to debt that there is literally no way out under the current system. To say that America is in big trouble would be a massive understatement.

In fact, the whole world is headed for trouble.

Right now government debt around the globe continues to soar at an exponential pace. At some point a wall is going to be hit.

The Wall Street Journal recently quoted Professor Carmen Reinhart as saying the following about what we are facing….

“These processes are not linear,” warns Prof. Reinhart. “You can increase debt for a while and nothing happens. Then you hit the wall, and—bang!—what seem to be minor shocks that the markets would shrug off in other circumstances suddenly become big.”

That is the nature of debt bubbles – they keep expanding and expanding until the day that they inevitably burst.

Governments around the world will issue somewhere in the neighborhood of 5 trillion dollars more debt this year alone. Debt to GDP ratios all over the globe continue to rise at a frightening pace.

Because the world is so interconnected today, the collapse of even one nation will devastate banks all over the planet. If even one domino is toppled there is no telling where things may end.

The combination of huge amounts of debt and huge amounts of leverage is incredibly toxic, and that is what we have all over the globe today. Almost every major nation is drowning in a sea of red ink and almost all of our major financial institutions are leveraged to the hilt.

There is only one way that the sovereign debt crisis can end.

Very, very badly.

I hope you are ready for what is coming.

.
– See more at: http://theeconomiccollapseblog.com/archives/the-sovereign-debt-crisis-is-never-going-to-end-until-there-is-a-major-global-financial-collapse#sthash.zLWT7HL0.dpuf

When USA sneezes we catch a cold WHAT HAPPENS when USA Collapses???

Without Low Interest Rates, The U.S. Financial System Dies

Right now, interest rates are near historic lows. The U.S. government is able to borrow gigantic mountains of money for next to nothing. U.S. consumers are still able to get home loans, car loans and student loans at ridiculously low interest rates. When this low interest rate environment changes (and it will), it is going to absolutely devastate the U.S. economy. Without low interest rates, the U.S. financial system dies. When it comes to borrowing money, it is the rate of interest that causes the pain. If you could borrow as much money as you wanted at a zero rate of interest for the rest of your life you would never, ever have a debt problem. But when there is a cost to borrowing money that changes things. The higher the rate of interest goes, the more painful debt becomes.

The only reason that U.S. government finances have not fallen apart completely already is because the federal government is still able to borrow huge amounts of money very cheaply. If interest rates on U.S. government debt even return just to “average” levels, it is going to be absolutely catastrophic.

So what happens if rates go above “average”?

The reality is that if there is a major crisis that causes interest rates on U.S. Treasuries to go well beyond “normal” levels it is going to cause a complete and total collapse.

In 2010, the U.S. government paid out just $413 billion in interest even though the national debt soared to 14 trillion dollars by the end of the year.

That means that the U.S. government paid somewhere in the neighborhood of 3 percent interest for the year.

Considering how rapidly the U.S. dollar has been declining and how much money printing the Federal Reserve has been doing, a rate of interest that low is absolutely ridiculous.

The shorter the term, the more ridiculous the rates of interest on U.S. Treasuries are.

For example, the rate of interest on 3 month U.S. Treasuries right now is just barely above zero.

The Federal Reserve has been playing all kinds of games in an attempt to keep interest rates on U.S. government debt low, and so far they have been pretty successful at it.

But they aren’t going to be able to do it forever.

Up until now, other nations and investors around the world have continued to participate in the system even though they know that the Federal Reserve is cheating.

However, there are signs that a lot of investors are finally getting fed up and are ready to walk away from U.S. government debt.

China has been dumping short-term U.S. government debt. Russia has been dumping U.S. government debt. Pimco has been dumping U.S. government debt.

Others are taking things even farther.

In fact, there are some investors that plan on cashing in on the loss of confidence in U.S. Treasuries. Renowned investor Jim Rogers says that he is now going to be shorting 30 year U.S. government bonds.

Just check out what Rogers recently told CNBC….

“I cannot imagine or conceive lending money to the United States government for 30-years at 3, 4, 5 or 6 percent —you pick a number — in U.S. dollars”

And he is right. Who in the world would be stupid enough to loan the U.S. government money at a 4 or 5 percent rate of interest for the next 30 years?

Actually, most U.S. government debt is financed in the short-term these days. In fact, the U.S. government issues a higher percentage of short-term debt than any other industrialized nation.

This trend really got started during the Clinton administration. Back then they figured out that the U.S. could reduce its borrowing costs substantially by relying much more heavily on short-term debt. The Bush and Obama administrations have continued this trend.

So these days the U.S. government constantly has huge amounts of debt that are maturing and that need to be rolled over.

This is great as long as interest rates stay very, very low.

But when interest rates rise the whole game will change.

In a recent article, Pat Buchanan explained that the Obama administration is being completely unrealistic when it assumes that interest rates on U.S. government debt will stay incredibly low over the next decade….

“The average rate of interest the Fed has had to pay to borrow for the last two decades has been 5.7 percent. However, President Obama is projecting the cost of money at only 2.5 percent.

A return to the normal Fed rate would, by 2020, add $4.9 trillion to the cumulative deficit”

Most Americans really cannot grasp how incredibly low interest rates are right now.

Sometimes a picture is worth a thousand words.

The following chart shows how interest rates on 10 year U.S. Treasury bonds have declined over the last several decades.

As confidence in the U.S. dollar and in U.S. government debt declines, interest rates will go up.

In fact, there are troubling signs that we are starting to see a move in that direction right now. Last week, the yield on 5 year U.S. Treasuries experienced the biggest one week percentage jump ever recorded.

The big danger is that the political wrangling in Washington D.C. will start to cause a panic. The managing director of Standard & Poor’s recently told Reuters that if the U.S. government starts defaulting on debt at the beginning of August, the credit rating on U.S. Treasury bonds that are supposed to mature on August 4th will go from AAA all the way down to D….

Chambers, who is also the chairman of S&P’s sovereign ratings committee, told Reuters on Tuesday that U.S. Treasury bills maturing on August 4 would be rated ‘D’ if the government fails to honor them. Unaffected Treasuries would be downgraded as well, but not as sharply, he said.

“If the U.S. government misses a payment, it goes to D,” Chambers said. “That would happen right after August 4, when the bills mature, because they don’t have a grace period.”

When a credit rating gets slashed, interest rates on that debt can go up dramatically.

Just ask the citizens of Greece.

Today, the interest rate on 2 year Greek bonds is over 26 percent.

You are delusional if you believe that something like that can never happen here.

Right now the U.S. national debt is completely and totally out of control. If the U.S. government had to start paying interest rates of 10, 15 or 20 percent to borrow money it would be a total nightmare.

This year the U.S. government will have income of about 2.2 trillion dollars.

If in future years the U.S. government is spending a trillion or a trillion and a half dollars just on interest on the national debt, then how in the world is it going to be possible to even run the government, much less balance the budget?

But rising interest rates would not just devastate the federal government.

It would become much more expensive for state and local governments to borrow money.

Student loans would become much more expensive.

Car loans would become much more expensive.

Home loans would become out of reach for everyone except the very wealthy.

As we saw during the housing crash of a few years ago, rising interest rates can absolutely wipe homeowners out.

On a standard home loan, if you change the rate of interest from 5 percent to 10 percent you increase the mortgage payment by approximately 50 percent.

If you change the rate of interest from 5 percent to 15 percent, you roughly double the mortgage payment.

As the 30 year fixed rate mortgage chart below shows, interest rates are near historic lows right now….

Keep in mind that even with such ridiculously low interest rates the U.S. real estate market has been deader than a doornail.

So what would a significant spike in interest rates do to it?

When all of these low interest rates go away the entire financial system is going to change dramatically.

A significant spike in interest rates would wipe out U.S. government finances, it would push state and local governments all over the country to the brink of bankruptcy, it would bring economic activity to a standstill and it would destroy any hopes for a housing recovery.

This country, and in particular the federal government, is enslaved to debt but right now we are not feeling the full pain of that debt because interest rates are so low.

If you want to know when things are really going to start coming apart, just keep an eye on interest rates. When they really start spiking you can start sounding the alarm.

The truth is that the state of the economy is going to continue to get worse. Our debt is growing every single day and our country is getting poorer every single day. When interest rates start surging it is going to start knocking over a lot of dominoes.

I hope you are getting prepared for when that happens.

.
– See more at: http://theeconomiccollapseblog.com/archives/without-low-interest-rates-the-u-s-financial-system-dies#sthash.KhyCEvvo.dpuf

WELL maybe we can find a NICHE MARKET LOL

Me I planting Kitchen garden as of NOW.

shai

You loss, we won.

You were misled by a lot of things, not least among them, Peter Wickham, DAVID and BARBADOS UNDERGROUND.

I know all of you Barbados Labour Party members and supporters are hurting very bad. Learn to live with it. The wise people of Barbados have spoken, spend some time listening to them.

@ Carson C. Cadogan
Yes, I also noted the bias you refer to. This used to be a pretty unbiased blog but not sure what is happening.

I think its just human nature. We tend to relish more in negativity and tearing down. What ever the government does B or D that is ‘good’ e.g roads repaired, housing, schools built are not highlighted.

There is a saying I learned at campus “The sins of man are written in brass, but their virtues are like seeds blowing in the wind”.

I Will Not Lie, Cheat, or Steal…Pinocchio is Back!

………….given all transpired….. is he not in his customed element?