[…] via Central Bank Economic Review January to September 2016 — Barbados Underground […]
Did any of his forecasts come to past, that’s the question.
Nothing worthy of note there. Nothing surprising. Domestic Private sector not registering any growth. GOB attempting to fill the gap;but not doing a good job.
Since David asked in another submission about privatisation. I would suggest GOB outsource or privatize the Prison and The Justice System since productivity appears to be low in those areas. LOL!!!
@ Bernard
I would suggest GOB outsource or privatize the Prison and The Justice System since productivity appears to be low in those areas. LOL!!!
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How long before we seriously consider outsourcing our national leadership? It seems that this is the fundamental weakness that needs to be addressed. Those assets that were serious liabilities – such as BNB and Bartel – which were privatised, now all seem to be doing exceptionally well for the foreign owners.
Why don’t we privatise the Parliament?
The MoF should explain why the government is still printing money?
Bushie
Outsourcing and privatization are components of the global economy in its modern context! Government privatize and outsource while maintain minimum oversight not because it benefit the taxpayers, but because it could be done much cheaper and inadequate in the private sector.
In an impromptu statement yesterday OSA said “sometimes if you refrain from doing what you must do it inflicts more damage than doing those things that you have to do no matter how painful.
If find this statement to be very interesting and not self serving .However the bottom line being that no one expects to be looking forward to more pain. He also took umbrage to govt handling of the economy by taxation
My question to OSA going forward what kind of pain would he would expect that govt should be inflict on the citizens after denouncing govt earlier plans as draconian
Arthur
By Colville Mounsey on Oct 26, 2016 05:33 am
Government’s fiscal policy is inflicting damage on the country and the time has arrived for the Freundel Stuart administration to implement tough measures to stem the current tide of economic decline, according to former Prime Minister Owen Arthur. “Sometimes if you refrain from doing what you must do it inflicts more damage than doing the […]
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You all still waiting for crooks to come clean while they rob you each day and any way they can , Nothing works in Bim but crime
The ‘ambush financing’ is not mentioned.
The private sector is being held to ransom by gov’t for goods and services by gov’t debt.
If goods and services are withdrawn the vendor goes broke and another desperate provider steps into the breach.
We would be very lucky to make it to the next election without a collapse and it would only be due to private sector fortitude.
There will be no economic recovery under Fumble’s Fools.
WHY THIS COUNTRY IN THE POSITION IT IN NOW IS: 40 YEARS OF STEELING, AINT 40 MORNINGS……YES 40 YEARS, THEY HAVE KNOCK OUT THE PILLARS OF THIS PLACE, SO NOW BARBADOS IS STANDING ON ONE PILLAR NOW IN THE CENTER. SO DAY BY DA WE HAVE TO BE DOING AH JUGGLING ACT SO AS TO NOT LET IT TIP OVER. BUT ANYWAY ALL THE GREED, CORRUPTION, GRAFT, COVETOUSNESS ETC ONE DAY WILL COME TO PASS
@ Bush Tea Oct 25 @ 9:25 PM
I was under the mistaken understanding that most bloggers thought Parliament was already privatised. My mistake.
Just 50 years ago parliament was owned by Foreigners and now, you BushTtea of all persons, want to reverse the process. I think you making sport at poor black people like me. But that is O.K.
LOL @ Bernard
…just extrapolating your logic on the Prison and Justice System to it’s logical conclusion…
When will Bajan politicians realise that Barbados cannot rely on International Business and Tourism as a source of continuous “growth”.
The only way an economic collapse can be prevented is by fast tracking construction projects, investment in food production to reduce imports and find ways to diversify the economy.
International business could continue to decline.
Tourism is always at risk. You rely on people who have other options ( like Cuba ) to visit and those that visit may not spend as much as you hope for.
Barbados is in deep shttt and the slumbering politicians must wake up.
That is just my morning rant because I am pisssed that my assets in Barbados will be more difficult to sell.
I remain a “legacy” DLP supporter who is wondering wtf happened to a once good political party.
Hants October 26, 2016 at 8:24 AM #
Well said.
David
What is baffling me is that despite all the declines mentioned in the review,OSAs dire warnings and the laments of the populli…..this govt still sees itself on the right road.
how can anything be better in barbados when it is largely composed of the quality of morons a exemplified by those who opine on BU DAILY with this drivel
What is baffling me is Hants is why the idiots who come here daily talking shite think that their shite talking is doing anything
see why I love to mock in the talk shop
how do the dumb lead the dumb
Saw this on FB:
“By the way the US printed 85 billion dollars a month to assist its government during the recession period. I did not hear S&P downgrade the U.S. over this matter.”
It appaer that they are quite a number of Bajans, not just the ACs, who equate Barbados with the US.
@Bush Tea at 8: 12 A M.
I know Bush Tea that your brain sharper than the whacker the previous administration gave you. No offence taken.
Anonymouse – TheGazer October 26, 2016 at 9:52 AM #
DO YOU THINK THAT THE SHYTE TALK HERE ON THE DAILY DRIVEL IS HELPING? OR IS IT JUST LIKE GOING TO THE TOILET FOR MOST POSTERS
WHY DO YOU THINK THAT THE DRIVELERS CAN NOT STAY ON POINT ON ANY TOPIC
HOW CAN BIM IMPROVE WHEN THE BEST BRAINS PRODUCED IN THE COUNTRY HA LEFT THE COUNTRY LEAVING THE DUMMIES
@Vincent
Your answer can be found in the fact Bajans define a democracy by the opportunity to plant an X every five years. It is compounded by how we distil all issues through partisan lenses. We have to find a way to create new thinking.
“Conventional economics is a form of brain damage”..as told by a true genius David Suzuki, who is still very much alive….
…… those little shithound economists in Barbados are clueless and are only mimicking the failures that are ecnomists in the bigger countries. ..they are all brain damaged fools.
OSA also made an expression concerning the printing of money to pay debt wonder if he remembers that within a four year period he borrowed one billion dollars to shore up the reserves .
Now he makes bold and loud pronouncements with standing orders on the path necessary for the economy to heal. way or ways to inflict more pain on the people
It would be interesting to know how and when those measures should be taken and who should carry the heaviest load
OSA with one hand tied behind his back is far better than this entire incompetent lot banded together. What he is saying is that to delay action to correct a situation is to make the issue worse. The GOCB is lost so is the MOF who is turning so many corners that he has to be confused. according to the Nation today a further $114 M dollars have been printed…..
I am not and have never been nor do I intend to join any political party but I am not aware that any of the CB’s forecast have been met.
Ya know as long as the ACs are defending, they are backing a losing horse. They are intellectually unable to back winners.
David October 26, 2016 at 10:18 AM #
We have to find a way to create new thinking.
………………………………………………………………………
We always end up at this juncture,with me asking the question how…..vox poppuli…….where is it?
It would appear that the country needs another General Bussa at this time. Be reminded that we interpreted history so as to justify what was at the time, a criminal act. In time, it became a watershed in our fight for freedom from oppression. Eighteen months may be too long for the patient to remain in the intensive care unit as we again await delivery from oppression.
http://www.barbadostoday.bb/2016/10/26/no-decision-on-hyatt-says-town-planner/
Does any government minister have an original thought or idea to benefit the country or people in their heads, besides doling out taxpayer’s money and contracts…as a matter of fact, does any politician.
Where are the originals ideas and plans emanating from parliament to drive the economy, implemented by the ministers being paid to do such, how much more useless will they get.
OSA IS A CROOK WITH HIS AG MIA, if you all do your home work , you will see when , where and how Barbados end up where we are ,It takes 30 years for a PONZI TO COME TO LIGHT, 1986 TO 2016, start with the land search records,land tax, inland rev, water company ,archives and the lawyer ministers and lawyers,
What we are seeing today that all the tricks to cover up the massive fraud is now popping up faster than they can hided, World records, Audits are proving to be more than the DOWN GRADES CAN TAKE,
TRUTH IS THE ONLY PATH A LIAR CAN NOT TAKE, WE HAVE 60 MAIN LIARS AND CROOKS IN THE DLP AND BLP AND THE DBLP GOVERNMENT AND THE OTHER SENATORS ,
AT THE POINTS WARRANT ARE SEEKING THESE CROOKS , PANAMA PAPERS , SEEN LIKE WE FORGOT ABOUT THAT, THE 13 FAMILIES THAT RUN AND RULE THE WORLD BY WAY OF BANKING AND WARS AND RUNNING FOR THEIR LIVES,
RUSSIA AND CHINA IS ON THEM AND THE RETURN TO THE GOLD STANDARD ,WE CAN WAIT TILL THE REACH FIRST CARIBBEAN CIBC AND THEIR OWNERS
William Skinner’s buddy has spoken once more.I don’t listen to his crap.As far as I am concerned between this idyut Worrall and Dtuart along with Sinckler are cumulatively the cause of Barbados’s current demise and until the citizen speaks and takes back the country from these 3 incompetents,no serious investor will look at Barbados with any confidence.Lies,lies and more damn lies.Plenty if,ands,buts,howevers,we believe,should haves…all crap!
@ Gabriel October 26, 2016 at 3:45 PM
There is nothing more OSA can advise or warn the current administration about to save your little country from a national haircut that would have serious social and economic repercussions on the average Bajan.
How can a country without its own tradable currency continue to print money with no corresponding economic output to pay for its high food and fuel import bill? Is Barbados about to follow Zimbabwe?
Enjoy your last ‘Independence’ party and Xmas before the economic iceberg of Titanic called Devaluation drifts towards Bim.
@Miller
When the pretty talk is delivered by the MoF, Governor et al there is one performance indicator BU will judge them by, the level of foreign reserves. Despite our best effort the trendline keeps going South. Without forex we will be unable to defend the peg.
There will be a brief respite with the coming Winter Cruise Season and the Winter Tourist Season Dec 15 to Apr 15th.There will be US dollars in the community and that should stave off the fox at the door.If the JA’s use their head for once in their second term,they will call the election early in ’17 and leave the mess to the BLP to clean up.The first order of business should be to cancel all their pensions and imprison the black lip guy,followed by all the names he will call including the chicken wing collaborators.
the blp cannot even fix their own problems beats me how de hell they will fix a nation problems , Unlike OSA who has the balls to say something about the economy referencing some kind of solution rather agreed upon or not Mia has gone radio silent saying In any event she cannot hide much longer as people will be asking what are her solutions given that the upcoming Oct surprise do not through her to the kerb
The DLP JA loser Pilgrim was braying tonite on DLPTV.He was muted as was Lowe and when it got to the abuse of little school children by the King of Porn,I had had it with these slimebags and turned off the TV completely.The kind of porn and the the liar in northwest are serial abusers of little children under the guise of giving them gifts for a return in exposure as some kind of early Santa Claus.Bastids.Forkers and sumsbeetches.
Well Well I was drinking in a asian type restaurant and susuki came in looked around and said where are the korean people ..the girl at the bar explained it was the type of food they sold not the staff, he yelled there is no koreans here and stormed out giving us white guys at the bar some entertamaint What a putz
Lawson…Suzuki did not say what Europeans wanted to hear so all the stories will come out, did you know that at Trump’s casino in Atlantic city when him and his then uglyy wife Ivanka paid a visit to the casino, all the blacks who worked there had to be removed from the floor because him nor his wife wanted to see black people….I think that is decidely worse, google it.
What do you think about that.
At least Suzuki wanted to see Korean people, I would want to know why he asked.
The Trinidad business community seem to be in a spot of bother in getting US dollars to transact their foreign purchases.The Season of goodwill is upon us so the strain on their foreign reserves will be felt.Massy and to a lesser extent Ansa are in a slightly advantageous position with commercial activities in Barbados so it is posited that they are better placed to control and use their Barbados earned US dollars to pay for Trinidad bound goods.
It is noted that an informed Senator in that country is asking questions about Sandals in Tobago.Specifically she wants to know where they will be purchasing their merchandise and whether there is any truth in the rumour that the number of non Trinidadians working at the resort will be significant.
The lesson learned from SUzuki is that you should support your own businesses. If we spent more dollars in our community, it might be better off.
Anon,..just as we keep saying, keep the money in the black community, let it circulate right there, the others who have leeched for over 3 decades on the majority, can take care of themselves well enough, do not be taken in by their self-serving scams…it’s that easy.
@David(BU)
Any truth to this story…
Suriname to ship fresh water to Barbados
By Sasha Harrinanan Thursday, October 27 2016
Barbados may soon have a long-term solution to its water shortage problems, depending on the results of a trial shipment of fresh water from Suriname.
Scheduled to depart the South American nation around November 25, the shipment of a maximum of two million litres of surface water in a flextank was made possible by the signing of a Memorandum of Understanding (MOU) between the Government of Barbados and Amazone Resources (AR); a Dutch- Suriname company, in April 2015.
Well Well again you seem to be off the mark, always playing the race card … you say they wanted all the blacks off the floor because they didnt want to see them rather than the alternative scenerio ….the the jewels she was wearing were real.
@Gabriel
The Trinidad economy is struggling. The longer the price of oil remains at 50.00 or below it will be hell!
@Bajan NY
This is news. At no time has the minister for water or the BWA mentioned the possibility. Of course this does not mean it is not an option. This is where the country finds itself.
The longer the price of oil remains at 50.00 or below it will be hell!
WUNNAH AINT SEE HELL YET BUT ITS COMING SOON
LOOKING FORWARD TO LOOKING DOWN AS THE BU DEVILS ARE CAST INTO THE LAKE OF FIRE
THAT WILL BE GLORY FOR ME
Lawson…and there you go playing the ALL BLACKS ARE THIEVES CARD…..when it’s the other way around…lol
I was not playing the race card, I was playing the Suzuki has lived in Canada all his life and know you people very well card, he has no mental illness and there is a reason why he asked why there were no Koreans.
“Suriname to ship fresh water to Barbados
By Sasha Harrinanan Thursday, October 27 2016”
Been hearing about this for months, a relative of mine is married to a Surinamese, at the time I queried that if Barbados can source water from Surinmane, they can damn well source food from Suriname, …..just like Guyana, Suriname and Belize are also the breadbaskets of the Caribbean, with very healthy fruits and vegetables.
The Surinamese people have known about this selling water to Barbados for a long time, why did the government of Barbados not tell bajans they were using their tax dollars to buy water from Suriname., again the ministers are keeping secrets from the people whom they expect to reelect them, but this is another perfect reason not to reelect these clowns, let them keep their secrets and take it with them when they are thrown out of parliament.
On VOB news at 4.30….confirmed that a tug boat is leaving surinam on the 25nov and will take 45 days to arrive at port in Bim…..two matters of interest
1)Which Port?
2)What will be done with it on arrival is unknown the spokesman said?
@ Vincent Haynes October 27, 2016 at 4:39 PM
That’s going to be some real expensive water.
45 days at sea and what would be the quality control to minimize contamination?
Will it be sold to the cruise ships or hotels for the upcoming winter season? Or can the Bajan consumers expect a significant hike in water rates in the coming months?
What will the tug be transporting on its way back to Suriname?
Here is a great opportunity for some of those 70,000 odd unemployed Bajan not actively looking for work (according to the Government’s statistics) to stow away as some of their fore-parents did in the past.
The blogmaster invites you to join the discussion.