No Tears for the Central Bank Governor

Submitted by Heather Cole

Submitted by Heather Cole

Don’t cry for him Barbados

The truth is he never loved you

During these wild years

He kept his promises to the DEMS

So you keep your distance!”

Perhaps a rewrite of the famous song about Eva Peron is in order with the above sentiments expressed by Barbadians. Clearly the bromance that never was, between the Minister of Finance of Barbados and the Governor of the Central Bank of plotting and overseeing the economic demise of Barbados is over.

Barbados Today reported that the fall out between the Governor and the Minister of Finance was with regards to the Governor’s inability to explain the country’s diminishing economic fortunes and rising administrative tensions within the Central Bank.

Again perhaps the economy has taken its final turn for the worse and is on its official death bed and the dreaded devaluation near. The blame game is underway with the Minister of Finance trying to squarely push the responsibility for failure of the economy on the Governor. The Governor clearly does not wish to be the fall guy. His strange action to avert blame from himself by appealing to the Court of Law against his dismissal is indeed cause for comment.

On one hand we had a governor who was a willing accomplice of this administration at every turn for the last 8 years producing alternate facts in speech, actions and data in support of the policies of the government. It is not that some of his economic policies were successful. He has a long list failures and unethical practices. He sold junk bonds to an unsuspecting public, scrubbed the Central Banks website of data and frequently produced data to paint the economy in a positive light. His action of holding $5 million in the Central Bank for Leroy Parris was illegal. He incessantly printed money, offloaded funds to Bjorn Bjerkham who should never have been appointed to any public board in Barbados. Let us also not forget his attempt to practice nepotism. Then it was the matter of the many economic downgrades that affected the country’s credit rating.

He supported and never admonished the Minister of Finance for his reckless economic onslaught against the people of Barbados. The Governor’s actions not only affected the economy but in extension endangered the livelihood of many Barbadians as it was also indirectly responsible for job loss. He did not perform as a Governor of a Central Bank but as a piggy bank for the Minister of Finance. His actions created capital flight and a scarcity in foreign exchange. Our currency has already been devalued in the eyes of our eastern Caribbean neighbours’ and Guyana.

In another place and another time his actions against the state would be tantamount to treason. This now reminds one of Cardinal Wolsey’s fall from grace when he failed to secure the kings wishes. So what did Mr. Sinckler so desperately want that the Governor could not provide that led to his firing? Was it more than what was stated above?

He has damaged his credibility as a practicing economist and brought shame to the title of Governor of a Central Bank. He sold out the livelihood of the people of Barbados and on reflection the People of Barbados should be taking him to court. His actions are at loggerheads with his profession he has not provided sound economic advice to support the economic growth of Barbados through monetary policy. That is the sole purpose of his job.

No one should be even a bit unhappy to see him removed as Governor of the Central Bank. He is now like a product on the shelf that is long past its expiry date. It will be a sad day if the Court rules in favour of the Governor of the Central Bank as it would be, even at this late stage legalizing the economic death of the island of Barbados by giving an unfit Governor the right to continue to destroy the economy.

353 thoughts on “No Tears for the Central Bank Governor

  1. @Heather

    May it comfort you to now that we are so sorry to hear of your loss. I thought something was wrong not seeing you on BU for a while. Condolences, hang in there, only time will ease your pain.

  2. Simple…what Hal may not know is that all the government ministers and public servants who are snitches for the minority business people to whom they give away taxpayer’s pension money and contracts to facilitate their kickbacks and bribes…..that too is well known to the US Embassy, they are all well known……as snitches, snitching to the Embassy ans snitching to minorities.

    That is why I suggested to Hal to have Carl put the info in the Nationnews or even barbadostoday.

    None if this is secret, packets of information is given to or sent directly to the appropriate agencies on all these nasty players who stagnate the people on the island to maintain their greed and corruption. .if only they knew the extent.

    Trying to keep the people backward and not able to access infirmation so that the 5% can continue their decades old criminal practices of enriching themselves has in recent days seen the lid blown off the old nasty pit of vipers…, they have no more secrets…everyone now knows worldwide.

  3. And to make the situation comical, I understand they were told to……TEK DAH!!!!!…….

    Lol, lol, hahaha.

  4. Hal….I saw on the barbadostoday thread a comment where you rightfully accused the newspaper of political bias, the owner has no choice but to kiss political ass, he has been dislodged from CGI Towers, now it’s time to make his play to help deceive the public with misinformation to get his hands in taxpayer’s money or NIS pension money, he has a multiple of idiots in government to choose from and use like Dumbville and Sealey and when they are kicked to the curb by the electorate…..Mia, Jerome Walcott…..he has to play his dirty game….he has done it before, but this time, it’s very likely to bite him…lol, lol.

  5. @ Hal,
    According to Jeff the journalists hiding behind the libel laws saying that the laws too archaic. According to Jeff , we have some of the most advanced libel laws in the region. So we will have to conclude that they just frighten. Ah mean some of those bloggers who don,t give their names on BU , say the reason is to protect them from harm. so we like we all scared.
    Now on the CLICO affair: the company was allowed to operate without paying the treasury(Supervisor of Insurance) the necessary monies that by law all insurance companies should deposit. Even that they did not pay. Guess whose Ministry that fell under-Ministry of Finance , now guess who was the Minister of Finance at that time: one Owen Arthur. so yuh see um ain’t journalists alone ….high win know whey old house live . Our journalist main delight is showing old people dilapidated houses, accident and murder victims bodies, etc.

  6. “so we like we all scared.”

    That’s a very narrow view William, some people on here, dont know if you are one, use their real names, they are the ones in real danger, some bloggers who dont use their real names but are known and live on the island have to also be protected, but bloggers like myself who have freedom to land anywhere and know where all the vicious culprits live on the island….could care less, other than to protect those who are not in my position.

    Ya can always test the theory on yourself though.

  7. It would be nice to know if the former owner of CGI Towers paid any deposits after his first insurance deposit…, seeing as he too used to have a bromance with Owen Arthur.

    Are the prime ministers in Barbados only good at disadvantaging the majority population to advance the greed of others….while still needing said majority population to be reelected.

  8. I tried to ask some simple question here and elsewhere, for it was clear the we would whip ourselves into a frenzy as we advance our numerous theories to explain these happenings.

    Here was a situation with only two possible outcomes, but so far I have not seen an attempt to address the possible outcomes. Instead of just two tracks I have seen numerous tracks; some going nowhere, some ending before they started, some going in circles and I suspect we may also have a few hidden ones.

    Hopefully, when this is finally decided we are able to bring our atention to the single track and not be distracted by what could have been.

    Some have called this drama and few have even mentioned theater. It has been a good distraction.

  9. Ignore the excess, take only what you need.

    As I read these posts, I saw the governor being cast in the role of villain, victim, reluctant participant, and as a man who found a backbone when it mattered (some would say, at this time it no longer matters).

    Let’s wait and see if the governor had a Damascene moment or was worried about his legacy.

    Perhaps when forced to the door, he realized that ‘going along to get along’ put him in a bad light. He didn’t mind being seen as a boot-licker, but did not want to be remembered as a screw-up.

    There may be no Machiavellian plots….

  10. Thrown from the top floor of the Central Bank of Barbados,

    pushed in front of a Transport Board Bus,

    tied to the railway tracks in front of a Freight train from the Ministry of Finance Trains Station at Bay street,

    Stabbed in the Back by the same board he would have “approved”,

    Shot by Sharpshooter and Liar Chris Decimals Bonds fondly known as Stink Liar,

    De-Liar is still alive and kicking though lesser men would have perished…

    History will record that your unceremonious dismissal from the position of Governor of the Central Bank of Barbados will have done more to remove this Government the worst political party this country has ever known

    THe Demonic Lying Party

    Well Done

The blogmaster dares you to join the discussion.