The Grenville Phillips Column – Be Careful What You Wish For

Grenville Phillips II, Leader of Solutions Barbados

Our financial professionals are warning us to prepare for the bitterest of medicine for at least the next 5 years.  They recommend that we go cap-in-hand to either China or the International Monetary Fund (IMF). We are already being indebted to China, and the details of those loans are being kept secret.  Secret dealings rarely benefit the public, and the public normally realises this when it is too late.  However, going to the IMF with no good options left, is to surrender Barbadians to extreme austerity.

The IMF’s role is to protect any foreign currency earned by Barbados from Barbadian consumers.  The two most efficient and effective means of doing this are currency devaluation and increasing taxes.  Currency devaluation makes the foreign currency more expensive to purchase, and raising taxes leaves families with less money to purchase foreign currency, after paying their monthly expenses.

Since our banks are foreign owned, the home mortgage interest rates will rise so that the banks’ shareholders can maintain their profits.  Since most homeowners borrowed to their borrowing limit, they are unlikely to afford a significant increase in their mortgage rates.  Therefore, unless they are earning foreign currency, every person paying a home mortgage will likely lose their house within 3 years, and most of the middle class will be reduced to poverty.  That is easily foreseen, so why are other political parties and financial analysts proposing this nightmare scenario for us?  The answer is that they simply cannot see any other way.

We need not despair.  About 3 years ago, Solutions Barbados published their economic and social plans for the public to examine, criticise and improve, on Solutions Barbados.com.  To give the public sufficient confidence in their plan, they sent it to several independent non-partisan economists and accountants to critically examine.

They recently received their first report from a Fellow of the Institute of Chartered Accountants of Barbados.  He confirmed that this plan results in Barbados running a surplus in their first year, without the need to go to the IMF or other countries for external funding. This means that Barbados reverses all the downgrades and returns to investment grade in their first year.

The independent analyst also confirmed that the plan does not require the laying off or salary reduction of a single public worker – but they are to be properly managed.  Finally, he recommended that the other parties pushing austerity need to look at the plan, which is the only non-austerity plan on the table.

Solutions Barbados is a group of 25 experts in their fields, each with approximately 20 years of experience, and each of whom love God and people.  They are offering themselves as a competent alternative to what we have had to endure for far too long.  They are an elite group, but they are not, in any way elitist.  Their plans are very simple so that they can be implemented easily, but they are not, in any way simplistic.

Grenville Phillips II is a Chartered Structural Engineer and the founder of Solutions Barbados.  He can be reached at NextParty246@gmail.com

73 comments

  • Stupse. Both feet firmly planned in the AIR.

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  • Well Well & Cut N' Paste At Your Service

    They recently received their first report from a Fellow of the Institute of Chartered Accountants of Barbados. He confirmed that this plan results in Barbados running a surplus in their first year, without the need to go to the IMF or other countries for external funding. This means that Barbados reverses all the downgrades and returns to investment grade in their first year.”

    So post the report, dont keep it secret, ya only got weeks to convince the electorate, but they will need to see something in black and white.

    Like

  • They recently received their first report from a Fellow of the Institute of Chartered Accountants of Barbados. He confirmed that this plan results in Barbados running a surplus in their first year, without the need to go to the IMF or other countries for external funding. This means that Barbados reverses all the downgrades and returns to investment grade in their first year.(Quote)

    Having an accountant provide an analysis of deficit reduction is like getting a carpenter to act as a technical pattern maker.
    Please explain in simple terms, or better publish the full report, of how a future Solutions Barbados government would reduce the current account deficit within one year.
    Conventional economic theory stipulates that a country’s trading position is determined by its economic strengths, its comparative advantage.
    If we produced goods and services that were in high demand, then the level of imported domestic goods and services would not matter, since they will rebalance. If the imbalance is with commercial goods and services, again they will rebalance in the costs of final products.
    As Michael Porter has pointed out, in his popular Competitive Advantage of Nations, a nation producing what it is good at, which is in demand because of its quality, will produce less of those goods that it is less good at and which, by definition, will be high-cost goods.
    For example, if the Chinese produce steel at a lower cost than it takes the US, then a tariff would only further distort the market; what the US should concentrate on is producing more of what it is good at.
    Or, on a domestic level, a top professional or business executive who is time poor, will find it far cheaper outsourcing his or her domestic chores (cleaning, laundry, etc) to a less skilled person, while they spend their time concentrating on more serious matters, and in the process, create jobs.
    To return to the point, it will be very instructive to see what this Fellow of the Institute of Chartered Accountants of Barbados has devised. Does this mean a cut-back on public spending, increases in taxation, tariffs or other forms of fiscal tightening?
    But controlling the budget deficit is one thing, but how about the national debt? Solutions Barbados has talked in the past of reducing national debt to no more than 40 per cent of GDP. If so, how?
    At present the global financial markets are grossly over-valued and some experts are predicting we are heading for a crash. The ECB is putting 30m euros into the global markets, while the Bank of England and the Fed are busy slowing down their quantitative easing. This is economic no-man’s land. No one knows what the outcome will be.
    Solutions Barbados must also take in to consideration that this DLP government is still expanding the national debt,
    There is nothing wrong in principle with infrastructure spending; what is wrong is borrowing (or printing money) to pay civil servants’ salaries.
    The US, the most successful economy in the world, has national debt of US$20trn – and explanations such as the dollar being the global reserve currency are not the real answers. America’s share of global GDP is diminishing.
    What we really need in Barbados is a government of national unity, of all the best talents, to reduce our little island’s debt and build prosperity, instead of the unproductive theatre of party politics.

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  • Frustrated Businessman: Animal Farm sequel playing out in Bim.

    Barbados can make no progress until civil service facilitation improves.

    Until this happens, the economic drivers cannot drive.

    That is the beginning, middle and end of the Barbados problem.

    I typed that 9 years ago, the same applies now. The DLP has taken advantage of this and extorted bribes for facilitation. That is why we are where we are.

    Firing the civil servants will not help us. They need to do their jobs.

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  • the ECB is putting 30bn euros a month in global markets……….

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  • Hal Austin

    Exellent contribution.

    Although you and I are “BU enemies”…………. I always extend praise when it is due.

    Like

  • Frustrated Businessman: Animal Farm sequel playing out in Bim.

    It is interesting that the new road traffic act increased fines for infractions but did nothing to improve collection of fines or free-up valuable court time by imposing a fixed-fine system of penalties with convenient paying methods.

    This is the kind of retarded shit that we have come to expect from idiot ministers and useless gov’t bureaucrats.

    A perfect example of what I mean by facilitation.

    The people in charge have no clue about how the real world works nor any intention to get us there.

    Liked by 1 person

  • Artax March 14, 2018 at 8:21 AM #

    You are not my enemy, although we may see society through different prisms.

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  • millertheanunnaki

    @ Nextparty 246:

    “They recently received their first report from a Fellow of the Institute of Chartered Accountants of Barbados. He confirmed that this plan results in Barbados running a surplus in their first year, without the need to go to the IMF or other countries for external funding. This means that Barbados reverses all the downgrades and returns to investment grade in their first year.”

    The major challenge urgently facing Barbados is not its local fiscal deficit but its fast dwindling forex.

    As the experts in the know are arguing, including the former governor of the Central Bank, the evaporation of foreign reserves would most likely result in the triggering of an adjustment to the local currency peg to the US$. That would clearly throw the devaluation cat amidst the forex feeding pigeons.

    Given its current credit rating and unattractiveness to foreign investors how would Solutions Barbados go about stemming the forex bleeding?

    Under a Solutions Barbados administration where would the country get its much needed injection of emergency lifeblood called forex to keep the economy (based primarily on imports) turning over to generate your 10% tax on all revenues?

    Which international lending institution with forex to spare other than the IMF would be prepared to lend Barbados money at low cost given the country’s economic metrics?

    Even China herself a member of the IMF would encourage Barbados to go to the IMF and enter a restructuring regimen in or to get its economic house in order so as to ensure its capacity to repay the many loans advanced so far or might be in the pipeline.

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  • millertheanunnaki

    @ Hal Austin March 14, 2018 at 8:15 AM #

    Thanks for the correction.

    Had us worried there, somewhat. Thought you were seeing things through your 100% Bajan lens.

    For 30 million euros is just a drop in the global trading bucket in which not even Barbados would be interested to shore up its foreign reserves.

    Not that it is needed in your way of thinking ‘forex’.

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  • Some remarks:

    Chinese loan: Unfortunately, the Barbadian elite thinks Barbados was the center of the universe. It is not. NO country will hand over to Barbados USD to buy more Mercedes, villas and Miele washers.

    IMF loan: The IMF will provide some loan. OK. What the IMF will not provide is the needed change of work ethic. No loan will make any sense until the work ethic on this island is corrected.

    Devaluation: Yes, most Barbadians won´t survive devaluation since they cannot pay for any readjustment of their mortgages. I don´t think that Barbadians are aware that many families are two, three months away from sleeping under the bridge.

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  • Tron March 14, 2018 at 9:29 AM #

    They are. Just look at mortgages. Most are standard variable, which means they float with the interest rate. If a borrower has a home loan of more than four times their annual salary then they fade potential problems.
    In the public sector, where about 30000 people work, permanent secretaries are the highest paid – about Bds$150000 (or US$75000 or £50000). Homes in the Heights and Terraces cost well over Bds$750000, or five times the annual salary of senior civil servants.
    In the meantime, these people want expensive cars, furniture, overseas holidays twice a year, expensive clothes, etc.
    So, you see, they are pushing at the boundaries all the time. It also means that a police officer earning Bds$35000 a year can never legally aspire to live in the Heights or Terraces, unless they inherit a huge sum or won the lottery.

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  • Miller

    Surely you should recall Scott Weatherhead admitting on Monday’s “Brass Tacks” that a future Barbados government would have to seek financing and restructure the debt, although he was quick to dimiss suggestions that the IMF, UEA or Chinese could be the souce of these funds.

    Bruce Hennis of the UPP was correct in his comments relative to approaching the IMF with an economic plan for financing.

    Many of us are of the misguided belief that the IMF = austerity. This is because Barbadians prefer listening to politicians spew political diaitribe and constant references to Jamaica, rather than reading and understanding what programs the IMF offers or availing themselves to information relative to why Jamaica agreed to austerity measures.

    The following link provides information on the IMF’s Stand By Agreement:

    http://www.imf.org/en/About/Factsheets/Sheets/2016/08/01/20/33/Stand-By-Arrangement

    Barbados is currently undergoing a “financial crisis” brought about by a number of domestic factors such as inappropriate economic policies and increase taxation, evidenced by the fact these policies failed to achieve the desired objectives. As a result, the island is faced with high levels of public and external debt, as well as increasing levels of current account, persistent fiscal deficits and rapidly declining levels of foreign reserves.

    In my opinion, Solutions Barbados economic policies would not solve these problems within a year or create the conditions conducive for stabalizing the economy and initiating sustainable growth.

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  • I wonder if Barbados Today (BT) knows that a criminal act has no statute bar !

    A criminal act can be pursued at any time !

    What is interesting to note – Oral Williams – told BT that the police would make a statement next week !

    Btw , has MAM called the BT as yet to respond to the PM charge of voter fraud ???

    Very strange if she has not as yet !!

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  • Fractured BLP March 14, 2018 at 10:50 AM #

    Wrong. There is a statute of limitations, except in most counties for murder and rape. That is why you get historic sex and murder charges, but not historic burglary charges.

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  • Talking Loud Saying Nothing

    “Artax March 14, 2018 at 8:21 AM #
    Hal Austin

    Exellent contribution.

    Although you and I are “BU enemies”…………. I always extend praise when it is due.”

    Neither of you are BU enemies you just share different views. I was fortunate to have been born and raised in the UK. Bajans who were born in Barbados irrespective of their level of education are too abrasive and always convinced that they know best. Your society remains intolerant and close minded. The reason why you and Alvin continue to do battle is that you are both cut from the same cloth.

    Alvin stated that Barbados will only function once both parties work together, irrespective of their different political views. We need to admit that we do not have enough talent on the island to govern the country effectively and should, seriously, look at bringing the numerous political parties together to operate under a single umbrella.

    It is very frustrating for guys like Alvin and myself to come to your country and to witness how stunted it is. I’m not a fan of Solutions, he knows that his party will struggle to hold their deposits on all of the seats that they have decided to contest. We need to insure that a place can be found in the heart of the next government for this man.

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  • Michael Porter has not attempted an approach as to the behaviour of financialized economies

    Neither has 99.9% of economists.

    In some ways it is unfair to suggest the Porter of 25 years ago thinks the same way today

    The policies the GOB has been following for decades have already been mimicking the mainstream views of Porter, as in his books.

    This is old school. None of it’s regurgitation can make it any better than the failure it has been.

    Even Porter himself has admitted the models presented by him are failing to address economic problems not seen before.

    But an ugly rasssoul idiot in england could

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  • Grenville, please publish the report from the fellow of the Institute of Chartered Accountants of Barbados. We need to see the entire analysis before it has any credibility. We have had 50+ years of politicians lying to us and pretending that they had research which turned out to be figments of their own imagination. Please don’t behave like the conventional Bajan politician.

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  • NorthernObserver

    GPII’s political rookiedom continues. The change from “rigorous” examination/discussion to reports, now forces him to release the reports or be accused on not being Transparent and open. And thus, full of —-

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  • Hal

    The allegations against MAM is not about burglary !

    It is about voter fraud !!

    Which if proven, can deny the guilty person from ascending to Parliament !!

    Time is of the essence !!

    MAM needs to address this charge !!

    It was directed to her !!

    https://www.barbadostoday.bb/2018/03/13/bteditorial-when-a-voter-stands-in-clear-breach-our-authorities-must-act-mr-pm/

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  • Are there any documented examples of countries switching to a flat tax system similar to what Solutions Barbados is proposing.

    Mr. Phillips, you seem very confident that this plan working in concert with ISO 9001 certification will elicit rapid growth and a 180 degree turn around from a near dead economy.

    As an ISO 9001 advocate Mr. Phillips you must subscribe to evidence based decision making, I therefore ask the following of you:

    Can you provide evidence or research used to support the decision to build your platform around the flat tax plan.
    You have repeatedly stated ISO 9001 certification is the goal. I am sure you are well aware of the difference between compliance and certification. Certification must be done by a recognised independent body whereas compliance is an internal exercise. You cannot just audit yourself if you intend to be certified.
    To audit an operation as large as the civil service will be costly, any idea of the cost?
    Would the Fellow of ICAB be willing to come on BU to discuss his/her report and take questions

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  • NorthernObserver

    @Fractured
    I appreciate the daily humour submissions you make. Laughter is great medicine.

    On the topic of “answering allegations”, I suspect the Leader of the Opposition is taking her cue from Cabinet Ministers. The promise by both the MoF and MoTourism on “Updates to the Four Seasons status” is what now….6+ months old? In that vein, I suspect you will hear from her by September, if at all.

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  • @Redguard asked
    “Are there any documented examples of countries switching to a flat tax system similar to what Solutions Barbados is proposing.”

    The short answer is no.

    There are countries who have a flat income tax such as Estonia, Latvia and Lithuania who have had flat taxes of 24%, 25% and 33% respectively with a tax exempt amount. But the Solutions Barbados plan is that “individuals will pay a flat tax of 10% of their gross income with no deductions.”

    There is no jurisdiction anywhere where corporations “pay a flat tax of 10% of gross revenues in local currency received (not invoiced) with no deductions.” This system is simply a consumption tax which businesses will add to their invoice sort of like happens with VAT. Under the Solutions plan corporations will pay no income tax at all.

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  • Talking Loud Saying Nothing March 14, 2018 at 11:36 AM #

    Neither of you are BU enemies you just share different views. I was fortunate to have been born and raised in the UK. Bajans who were born in Barbados irrespective of their level of education are too abrasive and always convinced that they know best. Your society remains intolerant and close minded. The reason why you and Alvin continue to do battle is that you are both cut from the same cloth.(Quote)

    You are very perceptive. It is the aggressive Bajan culture, bordering on violence, that I am sure has a deeper, psychological explanation, which I am ill-equipped to undertake.
    But the facts are simple: here we are, mostly pensioners and middle aged men and women, many are professionals or public servants, working or retired, and the majority (or a large number) are anonymous.
    Yet, if there is a discussion on the blog and people have differing opinions, you get the most vicious, vile, foul-mouthed reactions to people they either do not know, or do not know if they know them.
    Just imagine having these people in a rum shop with guns or knives in their pockets? These are the very people who condemn youths for their behaviour; they themselves are parents and grand-parents. This is behaviour that runs throughout class, educational level or wealth. Some of those in this blog brag of their education and wealth.
    It is uncivilised behaviour: intolerant, an inability to have a difference of opinion and remain courteous and polite, often they are prepared to fabricate stories to score silly childish points.
    It is cultural and the moment you walk off a plane at Seawell/Grantley Adams it hits you smack in the face.
    It starts in homes, is nurtured in schools and further encouraged in the wider society.

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  • NorthernObserver

    @HA
    “I was fortunate to have been born and raised in the UK.”
    on another thread
    ” I was also born in Barbados and have lived more than twice my life in the UK – but I am a Barbadian, 100 per cent”

    You cannot have been born in 2 places?

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  • NorthernObserver March 14, 2018 at 3:03 PM #

    You have made a mistake. As anyone who knows me would tell you, I was born in the Ivy. In fact, my heart is in the Ivy. I love the people, the culture, the promise. Until the Heights and Terraces came along, we produced more outstanding Barbadians than any single district, including Carrington Village.
    I promise you I was not born in the UK.

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  • NorthernObserver

    Sorry my fault. Many of us put quotes in ” “, you put (Quote) after. I missed the (Quote) at the end. Am guilty of not reading the thread carefully.

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  • I hope that GP ll does not intend to engage the services of any of the experts to whom his financial plan was submitted over 3 years ago and now the first response in being received. Must have submitted the plans to the ministers of this government or maybe it’s the Grand Boo Bah himself from whom a result was now forthcoming.

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  • Talking Loud Saying Nothing

    “Let not the pot call the kettle black.”

    Okay, “some of those in this blog brag of their education and wealth.” But should not bragging about university courses developed, the myriad of suggestions on every topic they claimed to have offered prime ministers, ministers, businessmen etc, be interpreted as bragging about their “education and wealth.”

    And I agree that “if there is a discussion on the blog and people have differing opinions, you get the most vicious, vile, foul-mouthed reactions to people they either do not know, or do not know if they know them.”

    Yet some individuals often purposely misinterpret or miscomprehend the contributions of certain individuals to prove within their minds those contributors are fools. Is this not similar to “fabricating stories to score silly childish points?”

    Some seem to be of opinion that Barbados and Barbadians are backward, uneducated, foul-mouth people. This is evidenced by they coming to this forum to constantly criticize/ridicule our educational, regulatory, judicial, political and every other possible system in Barbados. They use pejorative remarks to describe our economists, doctors, lawyers, accountants and other professionals; police, army…….they are downright critical of everything in Barbados and Barbadians……..

    ………..yet, when challenged, they “twist your mouth” to remind us that they are “proud Barbadians.”

    And they are equally guilty of exhibiting similar traits symptomatic of the same “aggressive bajan culture”…..

    ……… the “uncivilised behaviour: intolerant, an inability to have a difference of opinion and remain courteous and polite” they allude to……… each time they come to this forum to ridicule and use pejorative statements to insult or demean other contributors whose opinons differ from theirs. But when others retaliate, these noblemen become offended, because they are perhaps expecting us to show them some level of respect they seem to believe is their right because they reside in the overseas territories.

    They want us to believe that living in these “sophistcated” jurisdictions have made them much more humane, passive and respectful than those residing in Barbados. Some never forget to mention living in countries such as the UK during the 1960s, I’m sure they would have been exposed to a level of racism and hostility from white English men and women, who during that period, believed black people were less than human. My relatives told me of instances were signs were placed on apartments which stated “No Blacks,” meant for West Indians, Arabs, East Indians and Pakistanis.

    Under those circumstances and living in these countries as long as they claimed to have lived, I’m sure many times they were forced to demonstrate that “aggressive Bajan culture” inherited from growing up in the ghetto……(the same aggression they now criticize), in their attempts to over-come the hurdles and barriers created by racial segregation of that era.

    Respect is a “two fold” action…….to earn respect, one must respect others, their opinions and beliefs. Some people are of the misguided opinion that the only individuals contributing to BU that have superior intellects are those who choose to use their “real names”……….while all anonymous contributors are idiots.

    And the comment re: “It is cultural and the moment you walk off a plane at Seawell/Grantley Adams it hits you smack in the face,” is enough evidence for any rational thinking individual to become aware of the level of contempt they have for people that contribute to BU and by extension…..Barbadians.

    +++++++++++++++++++++++++++++++++++

    Hal Austin

    You need to concentrate your efforts on writing and posting more excellent contributions, similar to the one you posted on March 14, 2018 at 7:39 AM……….. and forget the “profiling.”

    Like

  • millertheanunnaki

    @ Fractured BLP March 14, 2018 at 10:50 AM
    “What is interesting to note – Oral Williams – told BT that the police would make a statement next week !
    Btw , has MAM called the BT as yet to respond to the PM charge of voter fraud ???
    Very strange if she has not as yet !!”

    Why don’t you advise him also to speak to the wiretapping allegations based on the evidence collected by a ‘resigned’ one from his own ranks and involving a former DD top brass of his ‘Serve and Reassure’ organisation and the same MAM?

    Now that you are at it, what about your “Aman” practising Law without her LEC? Isn’t that still the flavour of the political season for the same ‘mouthy’ Bill to investigate?

    BTW Fackup turd, have the two ‘imaginary ghosts for men’ hiding behind masks who threatened to expose and eliminate one of the ‘double lives’ of the MoF (Midget of Fine Ants) been investigated and brought to book for their criminal intent?

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  • millertheanunnaki

    @ Artax March 14, 2018 at 4:45 PM #

    Well put Artax, you beat me to it.

    Now this is the same bipolar Jekyll & Hyde character called Hal Austin who- despite being the proud holder of British passport- can boastfully claim to be still 100% Bajan by epitomizing the distilled cultural essence of what that represents and so succinctly summed up by his apt description of what it means to be ‘Bajan’.

    Yet he carries in his ‘hypocritical heart’ a burning coil of envy and hate for his British masters who have made it pellucid that he Hal is still an immigrant who will never be British, born or black.

    Hal is the perfect example of whom Samuel Selvon referred to as a “Lonely Londoner”.

    Yet this 100% Bajan living in miserably cold “Inglant” is in no position to return to his Back Ivy adobe like the hundreds of returned 100% Bajan nationals; some even from his own generation.

    Please forgive poor Hal; for he has been infected by the insanity of the Englishman so humorously but more informatively summed up in the following poem:

    “An’aso de rain da fall

    An’aso de snow a rain

    An’aso de fog a fall

    An’aso de Sun a fail

    An’aso de Seasons mix

    An’aso de bag of tricks

    But aso me understand

    De misery of de Englishman….”

    ~ Andrew Salkey.

    Like

  • “In the first year”? Man if you can turn water into rum, you have my vote.

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  • Still waiting for hypocrite Dumbville to name the offshore companies whose names were called in the Canadian parliament as being convicted for money laundering and other crimes in other jurisdictions..

    why has Dumbille not named those companies to the Bajan taxpayers who pay his salary, as he said he would…why did he lie to the people about naming those offshore companies, but got time to attack and take umbrage for constructive criticism.

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  • At the risk of repeating what might now be a refrain…Solution Barbados ,please publish the touted report.Let us be the judge .

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  • I am not a rum drinker

    @Talking Loud Saying Nothing March 14, 2018 at 11:36 AM. ” Bajans who were born in Barbados irrespective of their level of education are too abrasive and always convinced that they know best. Your society remains intolerant and close minded.”

    The same might be said of the British, if you understand the meaning of the term Brexit.

    Islanders, whether Bajan or British tend to be, surprise!!! surprise!!! insular.

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  • Well Well & Cut N' Paste At Your Service

    This is very important to every citizen going forward, the people should have the power to recall individual ministers for corruption, crimes and wrongdoing and even recall the whole government for not working in the best interest pf the majority population who pays their salaries.

    “The 52-page document, whose authenticity Barbados TODAY has yet to verify, but which political observers and commentators agree is likely a draft of the BLP’s platform, lists a number of sweeping changes in range of sectors, including health, culture, education and transportation.

    Under the heading People have Power, commitments have been made for consultations on parliamentary reform, including a fixed election date, term and the right of the people to recall representatives whose performance is unsatisfactory.”

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  • We wonder what the great minds within the SB, or UPP have to say about the capitalist conundrum.

    Only a monumental JA could posit that Barbados could so succeed where the whole world is failing. Is this not a case for a preemptive guillotining?

    Its failing has been clear for up to 20 years, at least. Yet we see people here, including the ugly idiot from London town, spiting out failed ideology.

    We also concede that socialism and communism have also failed. For sum of the same reasons.

    We can’t understand why these points have to be continually made as the leading idiots, including party leaders, slip back into familiar dogma,

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  • “He confirmed that this plan results in Barbados running a surplus in their first year, without the need to go to the IMF or other countries for external funding. This means that Barbados reverses all the downgrades and returns to investment grade in their first year.”

    As my mother used to say, “If it was that easy, everyone would be doing it”…..

    Like

  • Bernard Codrington

    @ Pachamama at 4:54 AM

    Thanks for the share. David BU’s question is still unanswered. How can one achieve a paradigm shift ? Your share indicates that the solutions always fall short of the expectations of the masses. Or are the masses changing their expectations? I think the latter is a good thing and is part of who we are.

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  • “The IMF’s role is to protect any foreign currency earned by Barbados from Barbadian consumers.”

    “Therefore, unless they are earning foreign currency, every person paying a home mortgage will likely lose their house within 3 years”

    These two statements display an alarming and appalling ignorance of the role of the IMF and the thinking of commercial banks. Together, they disqualify Solutions Barbados from consideration as an entity fit to undertake management of Barbados’ economy.

    The role of the IMF is primarily to be a lender of last resort, at an affordable interest rate, terms and conditions negotiable by a borrowing member country, to help it to undertake structural adjustments to its modus operandi to reverse damaging outcomes and attain a sustainable economy.

    On the second count, the ability to pay a home mortgage has nothing whatsoever to do with one’s ability or lack thereof to earn foreign currency. As long as you maintain your local income at the required level to enable you to meet your mortgage obligations, you will be in no danger of losing your house. Even in cases where there is a diminution of income, any commercial bank will be flexible in refinancing your mortgage to produce a more manageable monthly payment. Foreclosure is an action of last resort taken only where there is no other possibility of repayment.

    Scare tactics by Solutions Barbados to influence the unwary? Or they really don’t know any better?

    Liked by 1 person

  • Solutions Barbados needs a experienced economics spokesperson. It says a lot that Grenville insist on being the spokesman, even though he demonstrates little understanding of applied economics.
    We should al pretend to be structural or civil engineers. But, truth be told, just imagine Grenville as prime minister and his professional advisers offered advice that conflicted with his own.?
    It is the making of a dictator.

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  • URGENT!

    The Queen Elizabeth Hospital (QEH) Blood Bank is issuing an urgent appeal for O negative blood donations.

    http://www.nationnews.com/nationnews/news/139011/qeh-issues-urgent-appeal-negative-blood-donations

    Like

  • “The Court of Appeal yesterday unfroze millions of dollars belonging to former CLICO

    International Life (CIL) Insurance boss Leroy Parris.”

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  • Well Well & Cut N' Paste At Your Service

    I dont get Grenville though…every idea he comes up with and posts…he advises all the other political parties to COPY the same initiatives, yet when they do, he accuses them of COPYING…please give Grenville credit for hissuggestions so he will be pleased..lol

    https://www.barbadostoday.bb/2018/03/17/copycat-bees/

    “Copycat Bees!
    Phillips takes credit for BLP manifesto ideas

    Added by Colville Mounsey on March 17, 2018.
    Saved under Local News, Politics
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    The leader of the less than three-year-old Solutions Barbados, Grenville Phillips II, is accusing the 80-year-old Barbados Labour Party (BLP) of copying several of his party’s ideas and passing them off as its own, after the BLP’s draft manifesto was mysteriously leaked to the public earlier this week.

    Phillips, in reacting to the BLP’s first draft – the authenticity of which was confirmed by both BLP leader Mia Mottley and former Attorney General Dale Marshall during a political meeting in Four Roads, St John last night – told Barbados TODAY this afternoon that the manifesto plans were strikingly similar to those made public by his party close to three years ago.

    While stopping just short of accusing the BLP of plagiarism due to the fact that the manifesto is still in its draft stages and therefore does not cite sources, Phillips is demanding that the BLP gives credit to his Solutions Barbados, which was launched on July 1, 2015, for some of the salient points or risk being called out publicly.”

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  • Barbados Today, Kaymar Jordan and that reporter seems to have some agenda against MAM and the BLP. A quick peek of the BLP’s 2008 and 2013 manifestos would show that they were talking about removing VAT on healthy food, entrepreneurship in school as part of curriculum reform and transformation of the post office into a corporate body. A check of the Hansard would reveal Dale Marshall talking about the post office becoming a bank. Even Hal talked about a post office bank on BU, long before Solutions’ manifesto and accused Ryan Straughn of using his idea last year in the Tom Adams lecture. So who copying?😂😂

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  • @enuff

    Spotted that agenda long time. Follow the LEC stories.

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  • The question of the day – who will get more votes between Lynette and Natalee in the City?

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  • millertheanunnaki

    @ Enuff March 17, 2018 at 9:38 AM

    If the following statement published in the Barbados Today is definitely attributable to Grenville Phillips then he is nothing more than a twisted-mouth liar purely out to be a spoilt sport in his anti-MAM political game.

    “There is obvious copying of Solutions Barbados policies that have been published for the past approximately three years; for example, removing taxes on healthy foods, teaching students to start businesses at school, and opening a new bank at post offices.”

    This is what the BLP 2013 manifesto at page 56 had to say with respect to improving the health of the nation through the promotion of healthy eating habits:

    “We (the BLP) will:

    • Allow health and wellness expenses to be claimed as part of the new health care tax credit.

    • Remove import duty and VAT from a basket of goods which support healthy eating, to include diabetic supplements, low sugar and low fat snacks, sugar substitutes, cereals, peas/beans, food supplements, multivitamins, and vegetarian burgers, tofu, etc

    • Make it mandatory for all new housing developments to provide safe recreational spaces, e.g. playing fields, walking tracks, bicycle paths or gym facilities.”

    The question which the same Grenville has to ask is who is the johnny-come-lately copying jackass and who is the mimicking monkey?

    How would his tax-free health food plan synchronize with his proposed imposition of 10 % tax on all goods and services sold in Barbados with nil exemptions?

    Would he also be exempting from the sales revenue basket all items for use by the disabled or those considered vital for personal hygiene like sanitary napkins?

    He can also make copious notes from the same BLP manifesto in regard to youth entrepreneurship and small/micro business financing of which similar promises were made in the DLP manifesto.

    Just tell poor Grenville that his pie-in-the-sky promises are just a combination of cold BLP/DLP soup warmed over as breakfast Solutions for Barbados.

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  • There is a certain possibility that the third parties are moles to split the votes amongst present opposition parties … and the winner is … ?

    Didn´t Grenville call Big Sinck “OUR national champion”?!

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  • it’s getting more and more difficult to take Grenville seriously.

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  • Well Well
    I never had a problem with analyzing Phillips the 2nd.Not one damn seat for Illusions Barbados.#blimmuh

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  • All of these opposition parties are there to split the non-DLP votes to increase the likelihood the DLP will win again. The UPP are the best example of this- discarded and scorned former BLP candidates including water carriers for the DLP like Maria Agard. Freundel’s ongoing squatting in Illaro Court and Bay Street when an election date is overdue is reason enough why they should leave office.

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  • Barbadian forex reserves will be depleted on 6 April. Reason: GG shopping in London!

    Be aware, prepare your machete and count your ammo for 7 April. Everything is possible.

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  • Well Well & Cut N' Paste At Your Service

    Gabriel…one was willing to give Grenville a chance until he went all nuclear and showed his true colors, it is not worth wasting votes on new political parties that keep showing themselves as unready, maybe they need 5 years in which to get serious..

    …. until then a stronger leader is needed to lock up the current loitering gang of thieves..to send a resounding message..

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  • Well Well & Cut N' Paste At Your Service

    What bajan and Caribbean politicians and ministers across the region should be focused on is getting rid of this crook from Sandals out of the lives of Caribbean people permanently.

    “Sandals and the exploitation of Caribbean governments and people: An Antigua-Barbuda case study – Part One
    March 12, 2018208848

    Prime Minister Gaston Browne (L) and Gordon ‘Butch’ Stewart
    By Caribbean News Now contributor

    ST JOHN’S, Antigua — On December 5, 2016, the government of Antigua and Barbuda and various Sandals Resorts entities signed a “Deed of Release and Settlement of Claim” under which the government agreed to accept the payment of EC$1 in full satisfaction of unpaid Antigua and Barbuda sales tax (ABST) totaling EC$101,424,448.54 (US$37.5 million) up to December 31, 2016.

    A recent article in the Jamaica Observer (owned and controlled by Gordon ‘Butch’ Stewart, also the owner of Sandals), in an attempt to justify claimed economic benefit for Antigua and Barbuda, set out a lengthy, unsubstantiated list of local purchases by or for the resort.

    What the article in question failed to mention was that any such purchases have effectively been paid for and more — not by Sandals, but by the people of Antigua and Barbuda themselves out of the $101 million in ABST that should have been paid by Sandals but was not.”

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  • I read “Sandals and the exploitation of Caribbean governments and people: An Antigua-Barbuda case study – Part 2” and found it very interesting.

    Gaston Browne raised a number of important issues, some of which I have mentioned in this forum on several occasions, relative to hotels advertising vacancies and subsequently applying for work permits to recruit a non national because they did not receive suitable applications. Sandy Lane Hotel is famous for this activity.

    “Browne emphasised that there had to be some adjustments going forward in the interest of workers, pointing out that the senior management of Sandals are all expatriates and, out of 33 individuals in middle management, just two are Antiguans.”

    “…….“Where you get some parity is at the lower end, with the gardeners, butlers, maids, waitresses, etc. – the parity is almost 1:1,” he noted.”

    “………“We have individuals who are studying hotel management, accounting and they can’t get any work here. What is happening, after we spend all these millions of dollars educating them, tens of millions collectively over maybe a three or four year period, they come back to the country, they can’t find any work and then they have to leave. It is an issue of underdevelopment, a brain drain in which the hotels that ordinarily should be helping to create space for our graduates are filling those positions that expatriates to the detriment of our people,” Browne continued.”

    I found Browne’s following comment to very amusing and wondered if the “one not too smart prime minister” he referred to is Freundel Stuart:

    “………“I will be raising this issue with CARICOM because in fact one not too smart prime minister said to me recently, ‘I don’t care what they say, I have my Sandals.’ In other words, it doesn’t matter that his people are exploited, all he wants to know is he has a Sandals in his country. I’m saying here this argument is not exclusive to Antigua and Barbuda. It has to become a regional discussion about protecting the Caribbean people from exploitation,” Browne emphasised, adding that, if it is not a collective effort among CARICOM countries, then there is going to be underdevelopment in certain countries.”

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  • Could be Keith Mitchell.

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  • The Sandals/Butch Stewart affair in Antugua will (and according to Gaston Browne) have implcations on the Caribbean.

    During the parliamentary debate of the Investment Authority Amendment Bill (IAAB) 2017, Gaston Browne revealed that “in the interest of peace, unity and to ensure a good investment culture in the country,” his administration wrote off EC$101M in taxes Sandals owed the government. He also mentioned Sandals was “manipulating their obligation to pay social security contributions in respect of their employees by classifying certain workers as independent contractors so that they did not have to pay the payroll taxes.”

    According to him, “when the Social Security Department LAUNCHED an AUDIT of Sandals books, the owner of the resort group, Gordon ‘Butch’ Stewart, THREATENED to CLOSE DOWN the hotel.”

    “Once again, in the “interest of peace,” Browne said he asked the director of Social Security to call off the audit.”

    “Apparently, even this did not satisfy Stewart and in July 2017 Sandals closed down its Antigua property “for maintenance purposes” without forewarning to the government or the employees of Sandals and left guests who booked their vacations without a destination and with no meaningful explanation.”

    These actions prompted the Browne administration to introduce the Investment Authority Amendment Bill (IAAB) 2017, “to prevent any similar arbitrary and unilateral action by hotel operators in the future.”

    “The bill requires a proprietor of a hotel with a three percent or more of the total room occupancy or stock in Antigua and Barbuda to give 60 days’ notice in writing to the government and stakeholders such as trade unions, hotel management and staff if they intend to close down temporarily for two months or more in any given year or to suspend business activities for a period of two months or more for reasons other than development to expand low occupancy or force majeure, which includes manmade disasters.”

    “The notice period is to be followed by consultation between the proprietor and the stakeholders for the purpose of discussing the issues arising out of the temporary close down.”

    “The bill authorizes the minister responsible to suspend any concessions granted to a hotel under the Investment Authority Act or any other enactment if a proprietor fails to comply with the provision of the new section.”

    Browne explained: “the reason this is in here (Parliament) is because the Sandals management had the audacity of telling my cabinet that they don’t have to talk to us because it is their property… When we see these threats we have an obligation to mitigate against them and that is why we are here today, to mitigate against those threats.”

    Because of these developments in Antigua & Barbuda, I am foced to ask if Sandals Barbados operates similarly relative to “manipulating their obligation to pay social security contributions in respect of their employees by classifying certain workers as independent contractors so that they did not have to pay the payroll taxes.”

    This development in Antigua & Barbuda should be interest to Barbadians. Because of the 40 years of tax free concessions this inept DLP administration gave Sandals and its management, we could find ourselves in a similar predicament.

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  • Someone raised a comment like this before….
    Given our history of tourism, why must we rely on expatriates to hold so many top positions? Is it that our history is mainly that of beach boys and lower level hotel staff?

    My gift to one of the parties…

    “Ensure that Barbadians control the Barbados tourist industry by training Barbadians to participate at all levels in the industry (beach bum to minister).”

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  • TheGazer March 18, 2018 at 10:24 AM #

    “Given our history of tourism, why must we rely on expatriates to hold so many top positions? Is it that our history is mainly that of beach boys and lower level hotel staff?”

    TheGazer

    I have raised that issue in this forum on several occasions and used Sandy Lane Hotel as an example, where that hotel is allowed to advertise vacancies for some questionable positions requiring some very unreasonable qualifications (perhaps to eliminate Barbadians) and subsequently expressing their intension of applying for a work permit to recruit a non-national because they did not receive suitable applications.

    The resident tourism expert Adrian Loveridge accused me of posting “fake news,” but such is expected from persons of his ilk.

    I know a few years ago Sandy Lane Hotel advertised for an engineer that must be able to speak Spanish fluently, when a Puerto Rican was already working in that position months before the vacancy notice.

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  • It is interesting to note that Gordan “Butch” Stewart has been actively campaigning against the United Progressive Party (UPP) and has been financing the ALP’s campaign in the upcoming general elections in Antigua.

    The spiteful Stewart, through the Jamaica Observer, has also been encouraging Jamaicans living in Antigua not to vote for the UPP.

    Stewart is angry that the Gaston Browne administration has reversed the tax concessions granted to Sandals by the former ALP administration.

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  • Isn’t the answer obvious to you Artax and others? We are takers of the investment, we never want to offend those that invest. You must be familiar with the BWU vs Royal Shop and Sandy Lane issue?

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  • NationBLPnewspaper

    @Fractured BLP
    You said “Btw , has MAM called the BT as yet to respond to the PM charge of voter fraud ???
    Very strange if she has not as yet !”

    When Mottley wants to speak , she uses her public relations company commonly known as The Nation newspaper.
    She and the BLP operatives in Fontabelle decide what stories make the front page and how they are handled, their strategy also includes using Pat Hoyos, Albert Brandford, BLP spin doctor Ezra Alleyne and a host of BLP selected columnists to push a particular narrative.
    Watch the lead story especially in every week’s Sunday Sun newspaper and you will see how this strategy unfolds.

    The BLP also dictates that all of their campaign ads in the Nation BLP newspaper are to be published on a RIGHT HAND PAGE.

    The most under reported story in Barbados is the scandalous fact that the Nation newspaper is doing the BLP’s bidding in a very intentional and calculated way. Long before a prostitute recently entered the political race the BLP has been prostituting the Nation BLP newspaper.

    When you open the Nation newspaper , always remember that it is a marriage of pure BLP propaganda with some current events.

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  • NationBLPnewspaper

    Despite having Nation BLP selected writers blatantly campaigning every day in the Nation BLP newspaper, the use of the Letters to The Editor is also part of the strategy. I am reliably informed that despite receiving many letters weekly, the Nation BLP newspaper decides to print only those letters from known BLP operatives who just like the BLP columnists will write the same thing they said last week and the week before and the week before.

    Therefore, look forward to Dan, Michael Rudder, David Brathwaite, Mona Ifill ,etc as regulars over the next few weeks. If you write anything critical of the BLP , DON’T LOOK FOR It to be published in the Nation newspaper.
    That’s what happens in a dictatorship. I wonder how come the Barbados Integrity Group never touches this one.

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  • If the prime minister, Denis Lowe and a few others would hold regular press briefings it wouldn’t matter, especially if they stream live.

    #nonpoint

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  • millertheanunnaki

    @ NationBLPnewspaper March 18, 2018 at 3:12 PM

    [N]BLPnewspaper, you are sounding like a full-blown schizophrenic.

    By responding to ‘Fuckupraptured BLP’ you are doing nothing but talking to yourself in the mirror.

    They say that a sure sign of madness is the ‘uncontrollable’ habit of being forced to talk absurdly to yourself ad nauseam about a singular topic with no one giving a hill of beans to your incessantly nonsensical ramblings.

    Don’t you have even a single ‘other’ word to say about Mia LEC or her recently concocted involvement in vote buying as so ‘patiently’ revealed by your forlorn jackass for a prime-ministerial donkey who is now the butt of jokes around the entire Commonwealth?

    The stupid man is so naively pompous that he would allow himself to look like a downright ugly arrogant jump-up fool so full of himself that even his ‘fellow’ Caricom HOGS would be seeking to distance themselves from this Animal farm Napoleon joker whom the British Press would be going after like hyenas after a ‘lion’ kill on the savannas of Africa.

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  • NationBLPnewspaper

    Your March 18, 2018 at 3:12pm psot could be justifiably rewritten as follows:

    When Stuart wants to speak, he uses his public relations company commonly known as The Advocate newspaper.

    He and the DLP operatives in Fontabelle decide what stories make the front page and how they are handled, their strategy also includes using DLP spin doctor Guyson Mayers, Jewel Brathwaite, and a host of DLP selected columnists to push a particular narrative.

    Watch the lead story especially in every week’s Sunday Advocate newspaper and you will see how this strategy unfolds.

    The DLP also dictates that all of their campaign ads in the Advocate DLP newspaper are to be published as FULL PAGE ADS.

    The most under reported story in Barbados is the scandalous fact that the Advocate newspaper is doing the DLP’s bidding in a very intentional and calculated way. Long before a prostitute recently entered the political race the BLP has been prostituting the Advocate DLP newspaper.

    When you open the Advocate newspaper, always remember that it is a marriage of pure DLP propaganda with some current events.

    Shiite………”six is half dozen.”

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  • Rather than commenting on the myriad of problems facing Barbados……this idiot comes to this forum with the same shiite non-issue……over and over and over………..

    Is the “NationBLPnewspaper” responsible for the 22 credit rating downgrades; less than for weeks foreign reserves; the south coast sewage problem; Sinckler the abysmal failure as minister of finance; 64 Transport Board buses in operation per day or a stupid Freundel Stuart wanting to create history by extending his loitering period in parliament to 90 more days?

    The Advocate has been prostituted to the point where this indept DLP administration took the unprecedented step of bestowing THREE national honours on the Advocate’s owner Anthony Theophilus Bryan……..unheard of in Barbados.

    Apparently this idiot does not see anything wrong with the DLP prostituting CBC as well, where at least 45 minutes of the DLP (CBC) TV8 Evening News is dedicated to highlighting DLP politicians and DLP activities.

    But what is baffling is (1) this idiot NationBLPnewspaper seems satisfied with the Advoacte (2) and why I call you an idiot is the fact that only an idiot would waste his money buying the Nation and then come to Barbados Underground to complain.

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  • Well Well & Cut N' Paste At Your Service

    Lol…63 buses, someone saw a TB bus broken down in Green Hill last Friday afternoon,

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  • Artax
    I worked in and with Antiguans and can tell you that they are extremely independent minded people.They will DEMAND their pound of flesh if you offend them.From management to general worker,they can give the top brass horrors when provoked.Like Grenadians and Jamaicans,they are very aggressive in demanding their rights and to hell with the consequences if you try to buck them.Butch Stuart,that abrasive red Jamaican ill bred man would meet his match in Antigua irrespective of the party in power,

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  • NationBLPnewspaper

    @Artax
    Newsflash!
    Nowadays, you don’t necessarily have to purchase your personal copy of the Nation to have access to it. Even an idiot would know that.
    I apparently hit a nerve ,sometimes the truth will hurt but it is what it is – The Nation Newspaper is the propaganda arm of the BLP – I present the facts, don’t shoot the messenger , refute the assertions.

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  • NationBLPnewspaper

    My friend, you DEFINITELY “hit a nerve.”

    Barbados is described as having a high standard of education, yet I’m appalled by the amazing level of idiocy you display in this forum by pushing a shiite non-issue…….when there are several important issues facing this country.

    Although one does not “necessarily have to purchase your personal copy of the Nation to have access to it,”………

    ……….why on earth would you access the paper, “by any means necessary,” if you abhor the Nation and believe you “presented the facts” by mentioning “the Nation Newspaper is the propaganda arm of the BLP”……….. and then post the same shiite complaints to Barbados Underground, over and over and over and over?

    Does this make sense to you……..especially against the background that the Advocate can be justifiably described as the “propaganda arm of the DLP,”……..something you refuse to acknowledge?

    And the fact that the DLP being indebted to the state owned CBC in the amount of $109,609 and using that entity to push DLP propaganda……..at the EXPENSE of tax payers and you don’t find these actions to be disgusting………..

    ………surely demonstrates your idiocy and confirms you’re just another DLP yard-fowl coming with shiite to distract this forum from debate on serious issues.

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  • millertheanunnaki

    @ NationBLPnewspaper March 19, 2018 at 1:48 PM #

    It’s truly amazing how a man (like you) who claims to be a Christian with a loving wife at home would want to find himself every night on Bush Hill looking to vote for Natalie as PM (prime meat).

    So you, the deceitful lying prick for a hypocrite, enjoy reading the same Nation newspaper which you brand as the scum of the Bajan media earth not fit to wipe the festering lips of black-mouth Lowe.

    If the Nation is so ANTI-DLP how come it is advertising the excellent works of your administration in the area of tourism as so proudly displayed on page 7A of the same Sunday shit rag?

    Now there are the facts, please don’t shoot the Sunday editor CM who, unlike the CBC whore, would never prostitute herself by being screwed by a political party called the DLP for nothing in return.

    Like

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