It is Elementary Dear Watson…stitch in time saves nine

Submitted by Old Onions Bag
Chris Sinckler has promised to revisit the MTFS

Chris Sinckler has promised to revisit the MTFS

How many more pleas must go unanswered? How much longer must we furl deaf ears? It should be a foregone conclusion by now that the present Barbados economy is about to stall, flat line even, if something drastic is not done by the current administration to revive the patient, who being in the ICU for sometime now, will soon be at a point of no return.

Barbados is in need of a stimulus injection to restart commercial activity and encourage consumers to spend. Not a $600 million stimuli towards capital projects and public works that will inevitable once more find its way feeding certain “big guts horse,’ but a package that will see the now sleeping money multiplier re-engaged. What’s the sense in commercial activity staggering while boasting of  lush green pastures of 16 weeks in foreign reserves on the other end?

Common sense must be exercised while being frugal, given desperate opportunity cash is needed in circulation to kick start the economy. Was it not the President of the BCCI Mr. Lalu Vaswani  during a recent pixel, who renewed the disinter call for the removal of a now arguable 2.5 % increase Vat? His rationale as with many others …. once short term taxation has become regressive, it must be removed, in hope of  re-gearing consumer spending power and encouraging employers to re-hire.

When construction magnate COW Williams has indicated that even his wages bill is not inexhaustible, and workers must be trimmed, when many small business premises in Bridgetown are closing daily (dropping like flies) and landlords are being accused of festering exorbitant rent, then is the time to reconsider your Medium Term Fiscal Plan (MTFP.  Is it really working?

To repudiate courts certain folly and does nothing but become dogma and infuriate the situation even more. It is time to take off the blinkers and be more receptive. We are not sitting it out as some would have it, but more like awaiting an inevitable avalanche. Time to take evasive action is now.

0 thoughts on “It is Elementary Dear Watson…stitch in time saves nine


  1. Prodigal Son

    there you go again.

    Somebody always telling you something and it is always rubbish.

    Don’t you realize that they know that you are very gullible that is why they feed with rubbish.


  2. PRODIGAL SON

    I must hand you this, you don’t spare a moment trying to pull down Barbados. It gives you great pleasure to paint Barbados and Barbadians as buffoons.


  3. Euro zone business downturn points to deeper recession in second-quarter: PMI

    By Jonathan Cable

    Published May 06, 2013

    Reuters

    The euro zone’s business downturn dragged on in April, suggesting the region may be falling deeper into recession this quarter, business surveys showed on Monday.

    The purchasing managers indexes (PMIs) also showed that Germany is now suffering a contraction in business activity that has long dogged France, Italy and Spain.

    Markit’s Eurozone Composite PMI, which gauges activity across thousands of companies and is seen as a good gauge of economic conditions, edged up in April to 46.9 from 46.5 in March, marking an improvement on an initial reading of 46.5.

    But the index has now been below the watershed 50 level that divides growth from contraction for over a year, and April’s reading was far lower than those seen in January and February.

    Read more: http://www.foxbusiness.com/news/2013/05/06/euro-zone-business-downturn-points-to-deeper-recession-in-second-quarter-pmi/#ixzz2SXEj3OD2


  4. CCC

    You are the worst kind of supporter the DLP has. You are an opportunist, one who will say or do anything on BU to try to impress the hierarchy of the DLP that you are a true supporter.

    After what Caswell said that you made a preposition to him to form another party when you thought that the DLP was sure to lose, you have lost every last thread of credibility you had (if you ever had any in the first place).

    When we reveal on BU what you lost souls been doing, we get the typical response from you and ac…… how do I know it is true….it is even getting to the sleeper on the job as per his remarks in my church yesterday.

    Instead of pulling down onions and me every time we reveal what we hear, you need to tell us whether what we hear is true defend your party. Tell us if the NIS fund has been drained to the point where the MOF took 100 million out of the Severance Fund, if the Governor of the Central Bank had to resort to buying money of lesser quality because the country is broke and if massive layoffs are ominous as per the mouth of the 5&10 man.

    AND

    Stop your childish rantings!


  5. Man Prodigal

    You will neva get anything outta that mock duck ac…nor Balaam’s finest Carson but we don’t need them to confirm the obvious…the country reeling like a Daiwa 370 fishing reel, bait runner on …and a 40lb Horse eye Travalia hooked, bleeding and breaking for deep water….(ask Hants dennnn)…The rod would be screamin for mercy….No moneyline to play with, the 10 lb trace stretched to breakin point…. Mean while fisherman friend on the odder end sweating bullets… he notices time running out and that he has lost the battle with the Liaviathan….. He looks down at the Diawa 370 and confirms the obvious.. with only another 20 yards left on the spool …he tries to camouflage all reality..reel shit soon hit the fan and hell will break loose….


  6. prodigal son

    There you go again, repeating something that some one else said

    A man who has even less common sense than you. why are you so gullible?

    And to quote CASWELL FRANKLYN, that is really scrapping the bottom of the barrel.

    Dear me!!


  7. PRODIGAL SON

    You and onions are always fishing for information about the DLP. As a result you are always trying to throw a sprat to catch a whale.


  8. Carson……do you really believe the culprits will get cleanly away? Curacao is a dependency of the Netherlands and as such there will be a very thorough investigation since without giving details they are already zeroing in on other politicians and the mafia………that is what corruption breeds………..


  9. Curacao is not the biggest place in the world. the population is traumatized by the murder and you can bet your last dollar that every bit of information that might be useful will be turned over to the authorities post haste.

    No one want this type of madness to spread.


  10. this is what the Chief of police had to say on the matter:-

    “Mr. Wernet gave a short report on what exactly happened but emphasized that not all details are yet available. “A few minutes before five, there were shots fired at Marie Pampoen Beach. Mr. Helmin Wiels was fatally shot. Medical assistance was in vain. When the official police doctor arrives he confirmed the death of Mr. Wiels,’ Wernet said. “A petition goes to the whole community to please report any information you might have on this incident which could help authorities solve the case. Please call 911, 866-6124 or the anonymous line 108,” Wernet concluded. The Public Prosecution’s Office started immediately with the investigation. Senior Prosecutor, De Jong, said that all legal resources will be used to solve this case and bring justice to those who committed this horrendous act.”


  11. Think i made an error……………..i understand from someone living in Curacao, that the island is now independent…………


  12. And there he goes again……. Mr Stinkliar telling the people that solutions are imminent in the Four Seasons and CLICO mess. We will hold our breaths and wait for them. Why don’t he keep his mouth shut and stop telling lies and wait for when he actually has a solution in hand to announce it.

    Since before elections, the Minister of Energy has held off the monthly raising of energy prices, now they are back. Has the Minister of Finance been again dipping into BNOC’s profits, hence the need for an increase?

    The Minister also stated when asked about Almond that he wanted to remind people that Almond is a private company. But how could this government put it in the Throne Speech for the poor GG to read about …..my government will reopen Almond and create a thousand jobs. Liar, Liar, Liar.

    Is the House scheduled to meet tomorrow? Isn’t it ironic that the same PM and DLP yardfowls who were getting their knickers in a terrible twist because OSA did not go to the poor rakey House sessions are now themselves running from the House?


  13. Chris Stinkliar is the biggest liar ever in the history of politics or liars in Barbados
    It was me who gave him the name Stinkliar
    He is also called Sickliar,
    He is one of the biggest liars anywhere and he should be kept out
    He was a principal player in the last BUY election


  14. The new bills are the worst dollar bills I have ever seen
    This Government is the worst Government I have known
    Freundel Stuart is the worst Prime Minister in History (Tell me somebody worse than Stuart then ! tell me !)
    Adriel Brathwaite is the worst AG ever
    Chris Stinkliar is the worst MOF in recent memory
    The Cabinet is the worst cabinet in cabinets
    The Backbenchers are the worst ever
    Gabby sang the worst song last year -It was called Popsicle I come for you or some crap like that
    Gabby is the best calypsonian in Barbados , he needs to do better.
    Grantley Adams is the greatest Hero of them all, so says Richard Clethemham
    Who is the least greatest Hero ?
    Why compare ??
    A Hero is a Hero


  15. @ Prodigal Son | May 6, 2013 at 8:26 PM |
    “The Minister also stated when asked about Almond that he wanted to remind people that Almond is a private company. But how could this government put it in the Throne Speech for the poor GG to read about …..my government will reopen Almond and create a thousand jobs. Liar, Liar, Liar.”

    Is that alpha buffoon of a liar at it again? If Almond is a private company what was (past tense) Four Seasons? Wasn’t CLICO a Trinidadian owned and controlled private company (Alvin Cummins can confirm)? Yet both he and the PM guaranteed to policyholders the return of (at least) the principal component of their investments.
    Is this deceitfully lying party passing as a fraudulent administration now backing away from this pre-election commitment?
    During the last Estimates debate that liar also stated that the Four Seasons takeover by private sector interests was just but a hair’s breadth away from completion. This is almost 6 weeks and the hair has become even bigger than his own big guts rivalling his lying dirty motor mouth.
    The miller is not on the ground so you need to keep us inform as Parliament is scheduled to return from recess on the 7th May.


  16. @Prodigal Son

    And there he goes again……. Mr Stinkliar telling the people that solutions are imminent in the Four Seasons and CLICO mess. We will hold our breaths and wait for them. Why don’t he keep his mouth shut and stop telling lies and wait for when he actually has a solution in hand to announce it.

    —– 6 runs

    Since before elections, the Minister of Energy has held off the monthly raising of energy prices, now they are back. Has the Minister of Finance been again dipping into BNOC’s profits, hence the need for an increase?

    —– 4 runs

    The Minister also stated when asked about Almond that he wanted to remind people that Almond is a private company. But how could this government put it in the Throne Speech for the poor GG to read about …..my government will reopen Almond and create a thousand jobs. Liar, Liar, Liar.

    —– 6 runs

    Is the House scheduled to meet tomorrow? Isn’t it ironic that the same PM and DLP yardfowls who were getting their knickers in a terrible twist because OSA did not go to the poor rakey House sessions are now themselves running from the House?

    —– HOME RUN!!!!

    Poddy? you in the IPL or wha? oh dear me, where is ac or CCC or FracturedBLP? any of the DLP yardies?


  17. @ Prodigal Son:

    The article on the back page of today’s issue of the BarbadosToday does not make happy reading for many Bajans today. Is the IMF’s warning a public confirmation of what the Minister of Finance has in store for the poor people of a once proud country but saddled with a stupidly incompetent lying disaster prone administration?

    We shall soon see if both he and his sycophant governor of a failing bank would be brave enough this time and tell the IMF and its credit rating agencies foot soldiers to carry their mothers’ honey pot and leave Barbados alone. After all, “we is Bajans and God is one of we!”
    Oh Lord, the silence of the PM is deafening! Or is he telling us to ignore everything and it will all go away by the time the world economy picks back up.

    The miller is willing to bet that before the end of this year there will be many layoffs in the public sector starting with the statutory corporations and agencies along with temporary staff in the mainstream civil service. The poor ordinary folks who are not responsible for the pending hardships will be the easy targets and the hardest hit to carry the burden brought about by purposely executed fiscal irresponsibility.

    The lies that men tell can be temporarily hidden with their fossilised bones but the truth can never be concealed from the light of inevitable revelation. Time to pay the Piper, Bajans.
    You voted for No Privatization & No Layoffs now let us see you march this time around but without the grand old Duke of Harmony Hall.

    PS: We don’t expect to hear from the usual suspects (you know who you are!).


  18. @millertheanunnaki,

    The issue regardless of which party won the election would have been pain and anger management.

    It is like the race horse owners like COW selling their horses now because they have been losing money for the last 15 years and can’t continue subsidize their expensive hobby.

    Barbados will suffer because all it depends on is an inflow of money from external sources. The sources are drying up and a new economy will have to be developed.

    There will be a lot of pain before there is any gain.


  19. I applaud the international agencies for making sure the media gets a report of what transpires behind closed doors, or the taxpayers will only get more lied………given the upbeat mood of party followers yesterday, if we were gullible, we would have thought that the best news was around the corner instead of news of an impending financial collapse. I am always suspicious when i see politicians (PM) holding babies, there is always something more in the mortal than the pestle…………and with Sinckler’s words of nonsense, one had to be really careful……………maybe after the crash and inevitable climb again we will see things of this nature………..

    http://www.trinidadexpress.com/news/TT-Transparency-Institute-wants-ethical-protocol-for-Cabinet-members-206363131.html


  20. Carson……………..look at the bright side, when you hit bottom the only direction you can go is up, but you must hit bottom first………that is nothing to be ashamed of, most countries are expected to hit bottom very shortly. If you read the IMF report, because of the islands’ total dependency on tourism, they are the ones more at risk of negative fall-out from stringent measures and major reforms (the last two were Sinckler’s words, not mine). Total dependency on tourism is the catalyst for major damage to the island’s financial system.


  21. is it not possible that there is legislation being drafted that would give relief to the the CLICO policyholders


  22. AC……………bear in mind that anything coming out of a politicians mouth has to be take with massive doses of aloes, the policyholders have been hearing that song sung for quite some time, others were hearing about integrity legislation, how is it they are always in draft form or are about to be drafted………..years later, same story, it takes me hours to draft a 50 page documents………..exactly who is doing the drafting for government? How many other drafts of this and that have been sitting in parliament for the last two decades (20) years, started by both parties and remain in draft from to this day……………??


  23. One of my grands at 12 years old is a budding human rights activist.

    She showed me this gem of a video which contains one of the greatest wisdoms i have seen in a kiddie video that remarks on the nature of the inept MPs and disfunctional government we in Barbados are subjected to and persecuted by every day.

    The video can be seen at http://www.youtube.com/watch?v=wvYXoyxLv64

    I hope that David[BU] puts it here for you to see

    It starts with these words “To ask why leaves fight is to ask why leaves fall, it is in their nature”

    In future, when I think about the incompetency and lackadaisical nature of our politicians and public service, I won’t be as quick to drop my usual remarks, if will remember the submission, “out of the mouth of a babe and suckling”, and adopt a kinder philosophical perspective for these bumblers namely “it is in their nature”


  24. @ Piece ah de rock
    That 12-year-old is so right.

    The fundamental flaw of humanity lies in our default nature. Any meaningful solution that fails to address this flaw in our natural tendencies is doomed to failure (given our ingenuity in achieving our set agendas)
    This is why no “SYSTEM” in itself will ever be able to produce an ideal society. So Capitalism, Socialism, Communism, etc will all fail because they are incapable of changing that flawed nature of ours….

    …..interesting that 2K years ago Jesus brought a message and a solution which sought to address the very nature and character of humans as a solution and salvation for mankind…. 🙂

    LOL ….did he also suggest that a little child (12 years old?) shall lead us in understanding truth…?

    It is all about CHARACTER.


  25. There is one thing we know that has the unique propensity to work in every era…………and that is slavery………..black people are the race who will be susceptible to become perpetually enslaved if they do not change that mentality……………


  26. @Pachamama and other Taxers!
    The 1st reason the Tax Bajans Overseas is NONSENSE is that we provide very large sums of $$$ to the Bdos economy via REMITTANCES to our family! Critical factor in unna survival for Donkey’s Years! Wake UP!

    Secondly the Pols THIEF and WASTE plenty $$$$ already! Why not focus on Independent Audits (including Forensic) of Pols and ALL Ministries! Then pass Integrity Legislation after LOCKING UP transgressors!


  27. MoneyBrain……….there is no way the politicians in Bim will want to admit that remittances are now their #1 money earner……………they hate the idea……….they prefer boast of tourism even though it makes them look foolish……………..a friend of mine had a running argument with one pol regarding remittances already, they do not want to give Bajans who live abroad credit for anything, bring your money and get lost is their idea of the treatment meted out to returning bajans.

    I for one would like to see the Integrity Legislation in our life time, see ministers audited to see who owns what and how they got it……would love to see some locked up cause i know they are nothing more than common criminals………………..after that i would consider sending in the $1,000.00 cause as long as you have your National ID, you do get medical attention at the QEH………but they have a long way to go.


  28. @ Carson C. Cadogan | May 7, 2013 at 8:42 AM |

    Does that barrel of money monkeys include the credit rating agencies baboons and the IMF gorilla?
    Go ahead CCC, if you are a man let us hear you tell these approaching apes to sod off.
    Bet you can’t open your mouth to them now, can you?

    Oh, how the mighty big mouth fools have fallen! Truth is the only antidote to a poisonous lie. Now take your medicine, bitter as it might be!

    Let us put it straight to you and your cohorts. Barbados cannot, repeat cannot, borrow any money from overseas to feed its conspicuous consumption addiction unless it agrees to undergo a long-term rehabilitation and recovery programme. Its credit card has been zapped. The country has been living above its means for too long a time. It’s time to face reality. Like a true drug addict Bim needs to endure serious withdrawal symptoms with loads of methadone to be a palliative for the pain.

    Imagine how stupid it sounds when your companion in idiocy the one and only ac can suggest that a resolution to the CLICO intractable fiasco lies in drafting legislation.
    Well, well there is a saying that a sucker is born every minute but an idiot of ac’s genetic abnormality can only arrive once in a million years for the sake of humanity’s intellectual survival.
    Well if that is the case why not do a Chief Justice piece of legerdemain legislation and get the CLICO matter done and dusted like the Al Barrack court order resolution.
    Stop fooling the naïve policyholders the government has no money now nor will it have in the future to pay those pitiful fools.


  29. Carson…………….seriously, you are indeed quiet today, yesterday you were filled with piss and vinegar……….what happened?

    Miller…………….sometimes i take pity on AC, i saw Adrain feeding her a line sometime recently and she swallowed it hook, line and sinker, only thing she did not do was offer to take his place in misery.


  30. Can anyone imagine the lies politicians tell their sheeple to keep them rounded up and well wound up??

    If not for international media reporting and the fact that these agencies have caught on to the deceit that local politicians practice on the taxpayers, why, we would not know a thing about what they get up to or the level of lies they tell……………….


  31. @ Bigmouth | May 7, 2013 at 1:44 PM |
    “Minister, lay out yaa plan and gets our country back on track.”

    Which plans are you referring to? The plans already laid out in the 2013 election manifesto or the Throne Speech?
    You know of anymore other than receiving instructions from the IDB and IMF regarding major fiscal adjustments and debt restructuring programme implementation?


  32. Miller………………..could not resist this, “Minister, lay out baa plan……………….


  33. MoneyBrain

    Don’t crucify me for the “tax foreign resident Bajans” idea!. I was only exploring Pachamama’s suggestions and floating an admittedly half baked idea to generate some responses.


  34. @ Well Well | May 7, 2013 at 2:42 PM |
    “ could not resist this, Minister, lay out baa plan”

    Your play on the word ‘baa’ is way over the head of the likes of poor ac and CCC. Maybe if you say the Minister is planning a visit to the junk yard to find lost bonds it might be more to the “simple” point. Maybe during his recent trip to Britain he held talks with the “BAA” people about taking over the management of GAIA under an operational lease arrangement/agreement proposal.

    Poor boy, he is now realising this MoF job is way above his intellectual pay grade and competence threshold. The party is over and the hangover is beginning to kick in for the poor lying geyser. And to think there is not much to choose from to take over the job is rather frightening. He gets very little support or sounding-board guidance from his Cabinet “colleagues”. Do you think the bright Senator Jepter the Clown Prince of physical defecation is waiting in the wings for the inevitable fall of the Godzilla lookalike buffoon?

    He, the “gorillafoon”, has his head up his own wide ass and deep in shit this time around. Never mind the blue ass flies circling to land, he plans (unbeknownst to himself) to make history by being the first MoF to oversee the fall of the sacred cow called the Bajan dollar. Let him start with a further massive “internal” devaluation, circa 20 %.

    Retribution is a bitch of a liar, you know! CCC would know all about ‘lying bitches’.


  35. Miller………….AC, CArson, those two are quiet like church mice…. they must be listening to the debate in parliament……………Gotta admit, the IMF did not give them a long honeymoon period of boasting rights, we tried to warn them but they had that glow of…………GOTCHA…….. will guess who the IMF got now…………..all in all, the island will just have to rise again, unfortunately as according to Cheltenham, they will have to do so without the brightest or the best political leaders and i include both divides, and he should know of what he speaks.


  36. Now we have brazen robbers going up UWI and stealing phones and wallets at gun point……when no money circulating to the bottom…..bottom will attack the top…. it’s not rocket science

    …………..a stitch in time again can save nine..what will it take


  37. @OOB et al
    Tell the robbers to attack the truly culpable ones, those who fail to lead the Nation and are corrupt and thieving the peeps $$$$ BUT NOT creating the right environment for JOBS CREATION!


  38. @Well
    what was chetlehams’s contibution to polical life in Barbados? I think we concentrate too much on academic brightness, and not commitment and dedication to political development. Those are the hall mark of a good politician, in addition to an understanding social and economic issues, These are factors that must not be divorced from one another. The problem is, politicans are using power to advance their political nepotistic agenda. Plain and simple.


  39. ……BEST-esttttt part….MOST THEM now got pension fa LIFE (imagine)…cud ya want it any better?..TALK ? TALK bout wha? ..all ya better GET REAL..

    @ BARBADIANLIVIN OVERSEAS

    The problem is, politicans are using power to advance their political nepotistic agenda……..so why ya tink they here?


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  43. Barbados is in need of a stimulus injection to restart commercial activity and encourage consumers to spend. Not a $600 million stimuli towards capital projects and public works that will inevitable once more find its way feeding certain “big guts horse,’ but a package that will see the now sleeping money multiplier re-engaged. What’s the sense in commercial activity staggering while boasting of lush green pastures of 16 weeks in foreign reserves on the other end?
    **************************

    Reserves @ 13weeks now…………bonds sunk ( ex-ante float)….tell me someone are we too late …wid d stitches i mean….newblood you hang tite I will deal wid u when I get back pun D rock……souse in Moscov ent like back home …… e-gadd !…who F-ing wid my IP back home…?


  44. @old onion bags unfortunately the BLP would not manage the economy any better if they were in power. Owen had a good run in very good times when “land could be put to its best use” and the world economy was booming.

    Barbados needs leadership that understands the need to dramatically change the economy.

    The economy has been dependent on external investment to support the purchase of imported goods. Nobody expected that the world economy would enter a period of continuous slow growth.

    Barbados at best produces about 10% to 20% of what it needs to support an island with 280,000 people.

    Barbados has to become more self sufficient and accept that you have to trade in the Lexus for Corolla.

    Begging and borrowing from the rich countries is not a sustainable solution.


  45. @ Hants

    So sorry for the late reply but I have been unintentionally ‘tied up’ lately….anyway bout your proffer….save it , you don’t sound like you able to convince even Ya self…..Tell me something Hants…..when last you been to the Rock ? ….Go down Batts Rock and have a look at that waste called Four Seasons….where millions after millions were just pumped into a Jacobs Horse nostril….$ 500 million or so….next time you here go have a look….I remember people from our side BEGGING DEM to stop D foolishness and save poor Almond still a going concern…but No ….we hear FS got investors lining up….how it will be the saviour of Barbados… a whole lotta shiite talk….People enuff on BU wrote articles begging DEM to ease up on taxes as the Laffey Curve Effect was evident ..but NO again….we heard ..”is we turn now, let us do it our way.”…Mo shiite…I remember OSA and Dr. Clyde Mascoll begging dem …don’t kill off the lil trade in B’town wid all dem taxes….using the analogy of a aeroplane tryin to take off…But Mo No….alota rasclott….Doan tell me bout the economy then Hants .tell me bout NOW!…..why Barbados cant even show a lil growth til 2016…and we got a GOCB saying don’t worry bout 2014 or 2015….think 2016…

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