Unless Barbadians ‘force change’ soon and put this county on a different path, by April 2014, Barbados is not going to be a pretty or pleasant place to be! Tourists are already staying-away and capital is running!
What sense will it make having “new fancy looking money” that nobody in the Caribbean wants to see because no country within the region is willing to accept it?
You really have to be “terrified” of a Government that will celebrate the birth of Jesus in December and a few days after – fire 3,000 people! Think about that for a while: the same DLP, which created this mess all across Barbados, expect and intend to keep their jobs but will fire 3,000 workers now engaged in the Public Service of Barbados, as its first order of business in January 2014!
When added to the fact that hundreds might also be forced to give-up tertiary education because of an inability to pay DLP-imposed-fees, the unemployment rate is not going to be flattering, at the beginning of the first quarter of the next financial year (2014-2015).
The rate of poverty is now likely to skyrocket while the economy will continue to shrink due to significantly reduce economic activity, cause by diminishing investor confidence, as well as – reduced consumer confidence and capacity to be taxed or to spend.
The DLP might be bashful to admit it but ‘Capital Flight’ is a serious problem, and a source of tremendous embarrassment for this DLP Government! Money travelling like that does not happen when business people merely lose confidence in a Government but when they have great fear, as regards what is unfolding. This is serious evasive action from people who are known to take risk with their money!
The productive sectors (including reduced earning from Tourism, FDI and the Financial Services Sector) are other areas of great worry. When debt servicing requirements; pension commitments and retiring benefits are added to this pressure-pot, it will not be a brew that will impress Rating Agencies.
I doubt very much whether social and economic instability compounded by political weakness and a phased approach to governance – is something that serious people would ever find comical! This Government likes to hide the truth but it is looking as if Barbadians can brace for another Mini-Budget in the very near future and on that occasion – an announcement on foreign exchange restrictions.
Few will disagree that this country is burdened with social and economic instability and while we have excellent; dedicated and patriotic men and women in the Force, it will not take the criminal element long to figure-out that flexi-allowance and over-time pay for the Police ‘MAY’ have stopped, neither will it serve the country’s interest, “IF” Police Officers are also on the DLP’s-list, to be axed!
By now, it should be occurring to the private sector, exactly how an extremely weak Government and its reckless mismanagement of the economy, can pose a serious threat to their personal and financial security. The entire DLP Cabinet could next Thursday – determine that the Police and BDF will provide 24-hour armed security at their house and of course – free of cost to Ministers – and for an indefinite period, also.
The question for the country is: can a fiscally reckless Government, can be relied upon to exercise State power, in a responsible manner, in circumstances where the country has just cause to feel that the said Government cannot be trusted; that it is allergic to truth and that it has unmatched skills in deception. Already we have seen the Police caused to question the political Opposition! Are we now to become like Zimbabwe?
Barbados has become a country where people are already starving based on reports from churches across Barbados. The lines at the Salvation Army also paint a frightening picture. Based on early warning indicators – next year will be much worse. Can you reasonably place a duty of care on hungry people – who fear dying of starvation – to exercise sound judgment?
Rating Agencies will not like this “DLP work of art” and more downgrades will come! Every passing day this DLP Government is allowed to continue on its current destruction path (including printing money) Barbados will get a step closer to devaluation. This country is now beyond crisis and Rating Agencies and the IMF know that.
Perhaps Barbadians do not fully appreciate the gravity of this reality because Government may not be giving them all of the facts. That would be a very dangerous game to play!
Barbadians must brace themselves because 2014 will be a bumpy ride and there will be nothing happy about the New Year! But, all of this is your special gift, compliments of your DLP Government, which you cannot trust.