More Information Needed About Government’s Partnership with Bitt Inc

Since the announcement by Prime Minister Mia Mottley announcing the launch of a pilot project with FinTech company Bitt Inc,  there has been a growing concern among the savvy segment of the population about the project.

There is the Heraclitus cliché that ‘the only thing that is constant is change‘. Commonsense therefore informs a view that technology will continue to be used by humankind to interact with the ecosystem for as long as we exist. The challenge however for Barbados is effectively managing the timing of the adoption of new technologies to optimally support efforts to maintain a quality of life for Barbadians.

The blogmaster holds no brief for government’s arrangement with Bitt Inc. Often times provocative positions taken by the blogmaster to canvas and ferret information on topical issues – especially those where there is heavy fog – is misunderstood. It is a hazard of what we do and have no issues with it.

Subject matter experts in the IT field endorse the disruptive impact the use of technology driven solutions will continue to have on the the central bank controlled fiat system.  A system that is tired and has been manipulated to the point of minus-utility in the opinion of the blogmaster.

What are a few key concerns about the project?

  1. lack of a legislative environment to safeguard the integrity of the market
  2. security issues
  3. SMEs say Barbados need mobile/online payment solutions, not a digital currency
  4. Bitt Inc does not have a robust IT/governance platform to certify with best in class FIs to be a disruptor
  5. Barbados is an immature cybersecurity space operating without a ‘sanctioned’ roadmap’

Several commenters continue to conflate the issues while responding to the Bitt Inc Barbados government pilot partnership.  The pilot arrangement which promotes a digital currency should not be confused with other concerns about cryptocurrency, Bitcoin and Blockchain technology for example. Clearly there is a need for public education. There is also a responsibility for individuals to educate themselves about the important issues.

In the public interest Barbados Underground reblogs the following LinkedIn article by Niel Harper, a Barbados Consultant qualified in the area of Internet Security and whose expertise is sought after internationally.

 

Why Bitcoin Will Not Solve the Caribbean’s Financial Inclusion Woes

The article was shared by Niel Harper, Managing Director, Octave Consulting | Program Lead, Internet Society | VP, TEN Habitat | WEF Young Global Leader What is Bitcoin? Is it electronic money? There’s a deluge of hype around Bitcoin and blockchain technologies right now, and policymakers and regulators in the Caribbean are doing their best to wrap their heads around

Read more

 

261 comments

  • peterlawrencethompson

    @Mariposa September 23, 2018 7:36 PM
    Do you use a debit card, a credit card, or sent a wire transfer? That’s all paperless money too, but controlled by banks like CIBC, Royalbank, and Scotiabank that have proven themselves much more rapacious and predatory than the IMF or Bitt.

    Do you like the fees they charge? Do you like the fact that they pay you zero interest? Do you like the fact that they make it close to impossible for small scale entrepreneurs to accept credit or debit cards? Do you like the fact that they devote none of their loan portfolio to productive loans for small enterprise? Do you like the fact that their entire agenda is to lend people money to buy imported cars that drain our FX and pollute our environment?

    What is it exactly that has you in service to these banks?

    Liked by 1 person

  • sirfuzzy (i was a sheep some years ago; not a sheep anymore)

    @PLT.

    I think the average bajan sees the bank as somewhere to save money and get loan for a car or mortgage. There may not be interested in borrowing for a business becuae they are content to be an employee.

    Unless you see the inner working of the banking system like u maybe acquainted with; the bank is just your friendly neighbour lending institution that granny took me to when i was a little boy/girl.

    banks sole purpose is to extract the most outta of u and me via fees, service charges and interest that is humanly permissible without me the customer dying. A dead client is of little use.

    Like

  • “CIBC, Royalbank, and Scotiabank that have proven themselves much more rapacious and predatory than the IMF or Bitt.”

    How do you know that…you have not seen Bitt in action yet..Bitt downgraded from Bitcoin to mMoney to get a foot in the door…..they have to get in first, then you will know what their real plans are..you usually pay to find out..

    Liked by 1 person

  • Sir i do not pay bank charges not one who let money sit on an account to collect dust
    Furthermore checks is my preferred choice
    Now what you are doing is encouraging an unregulated form of transaction where those in charge of moving money from one party or more parties have the upper hand when money transfer get lost ..with not having to be responsible according to their terms and agreements
    Which means these legalise opportuinist can sucker punch ever tom and Mary without having to feel the effect of legal ramifications
    Now if i were you i would by all means necessary avoid putting my name as a voucher for these scam artist
    If this m money was above ground there agreements would be dutifully binding to protect the customer not a bob and weaving attempt to shield and protect their self interest

    Liked by 1 person

  • Truth will set you Free

    @ David

    I am not surprised by your spew.

    I myself have nothing to do with Naked Departure not sure about anyone else.

    You seem to think that divide and rule helps you achieve your objective to provide smoke and mirrors.

    If Adams was someone else your Prime Minister would not be pushing this.

    Like

  • Peter lawerence
    @

    @Bush Tea
    Do you imagine that “cash, debit card, credit card, PayPal etc” were “created by reputable, non-political people…”? Not a single one of them; they were each created by the shysters and robber barons of their day.

    Boy yuh tell yuh cant imagine such comment to come out of your mouth as a signal of your endorsement for another shyster
    Boy yuh tell yuh with friends like you who needs enemies

    Liked by 1 person

  • The 0% deposit rate and ensuingly large spread seemed to have been allowed (encouraged?) during recent times, to make publicly created instruments ‘more attractive ‘?
    I still haven’t figured out exactly how CIBC/First Caribbean managed to lose the huge sums reported. I believe Republic, though not Cdn, have followed suit. What rates/spread are the credit unions offering?
    Despite these margins, the banks seem to have soured on the Caribbean region.
    We certainly are not seeing the services offered by the likes of Tangerine (Scotia), Simplii (CIBC) in the region.

    Liked by 1 person

  • @PLT

    “What is it exactly that has you in service to these banks?”

    Let me answer this question for Mariposa.

    REPUTATION, REALIABILITY, INTEGRITY, SECURITY and most of ALL A PROVEN TRACK RECORD.

    Liked by 1 person

  • Hal

    Your post at 7:11 p.m. on 23rd Sept was bang on – all of it but especially the first paragraph which states that there is an agenda to get anyone who sings from the same hymn sheet – to be featured in CBC,VOB and The Nation newspaper to preach to the gullible public saying the same thing over and over – which after a while becomes fact.

    Have a look at those who write columns in the Nation since 2008 and even until to day.Pure empty BLP propaganda,or people like Lisa Cummins looking for a pick.We are in a famine where knowledgeable discussion,analysis,commentary etc are concerned.

    This season brings forth empty vessels like the said lisa cummins, jeremy stephens, ryan Straughn, lisa gayle, crystal Haynes, crystal drakes, kirk Humphrey, santia bradshaw, Gabriel Abed, rawdon adams, Marla dukkeran, and to top it off – the leader herself Mia Mottley .

    You gain nothing of substance when you read the newspapers,listen to the radio or watch tv.Here on BU there are some who are making a valiant effort to lift the discussion,but in the main you have some of the same culprits spouting gobbley gook all day long,every day,every topic.

    At least there are some on here who make a difference – and for that we should be thankful.

    Like

  • Here we read that present govt planning to mash up and brek up the taxi business with a plan of bringing Uber to barbados
    Yet here on BU you got these so called intellectuals pushing online scams for bajans to get involve
    Also more than a week has gone by when pensioners have sound a warning bell about the Red Wash govt has planned for their financial security
    Not a word of mention but all kinds of detractions in the form of feelgood articles can be seen making way across BU in support of govt initiatives

    Liked by 1 person

  • Where is the report that government plans to bring in Uber?

    Like

  • peterlawrencethompson

    @Wily Coyote September 24, 2018 6:05 AM

    So you are saying that you think that paying you zero interest, making it close to impossible for small scale entrepreneurs to accept credit or debit cards, devoting none of their loan portfolio to productive loans for small enterprise… etc is a fair price to pay for their “REPUTATION, REALIABILITY, INTEGRITY, SECURITY and most of ALL A PROVEN TRACK RECORD.”

    I don’t.

    Like

  • In yesterday Nation news paper Kerrie Symonds made the statement at a church service about Uber /govt plans
    Now all this ts2lk abiut m.money seems to be more a distraction
    A way of taking society mind away frim the hard issues that impact peoples daily life
    People lives are dependable on jobs without jobs mmoney means nothing
    I for one couldnt give two rats a.ss because if it can put money in my pocket it does worth time of day to my interest
    If Govt has a plan for bringing Uber that would be of more concern for the those owners /drivers of the taxibusiness it would impact
    What bitt coin …steupsee

    Liked by 1 person

  • Government is exploring? What does exploring mean?

    Like

  • People trying to make two ends meet and all this talk about mmoney
    People looking for some needed support to pressure govt on all these burdensome policies
    Yet David BU taking people down a rabbit hole of nothingness
    People complaining about water bills triple in payments
    Electric bills gone up much from last year
    The same garbage problem getting worse
    Sewage floating in the sea
    Gas triple in price
    Pensioners now being taking advantage because of the default and on and on
    Not to mention the increased inflated prices in groceries
    Yet David BU thinks that people coming on BU will find solace in reading an article about a scam called m.money Those issues which i mentioned as to govt policies impact people lives and people are looking for answers

    Liked by 1 person

  • @ PLT
    So you are saying that you think that paying you zero interest, making it close to impossible for small scale entrepreneurs to accept credit or debit cards, devoting none of their loan portfolio to productive loans for small enterprise… etc is a fair price to pay for their “REPUTATION, REALIABILITY, INTEGRITY, SECURITY and most of ALL A PROVEN TRACK RECORD.”
    ++++++++++++++++++++++++++++
    What is your point PLT?

    The Banks should really charge RENT to the Bajan jackasses who want to put their money with them….
    They should set the fees such that all small deposits are wiped out within a year…
    They should all have only one ugly, slow, unmannerly cashier to serve the jokers…
    …and they should force us to make appointments to come in and complain.

    We are just lucky that they don’t have the balls to give us what we DESERVE.

    Which kinda JACKASS gives up ALL BANKING business to foreigners?
    Arthur and Stinkliar does…
    What kinda RH monkeys would prostrate themselves to pit bulls ….and then complain about being barked at..?
    …they are lucky they don’t get their donkeys bitten off…

    Bajans HAVE to be the MOST STUPID people on this whole earth.

    Sell the Banks
    Sell the Supermarkets
    Sell the Sugar Industry
    Sell the Hotel industry
    Sell the Rum industry
    Sell the Power company
    …and what they don’t sell – they give INCENTIVES for foreigners to come and take….

    Shiite … we will soon see Chinese selling coconut water
    What a bunch of LOSERS….

    THIS is the problem Boss…
    Not the shiite banks making life hard for brass bowl idiots…
    ..it is our shiite leaders looking to see how they can sell off our very underwear for a few dollars to buy bling and big rides…

    We just need to figure out EXACTLY how Bitt fits into this established pattern….

    Liked by 3 people

  • Explore another smoke and mirror buzz word
    Explore meaning a position held to making plans
    Not withstanding that govt also wants to hold meetings with the taxi drivers
    Issues like this needs public support to stem and stop the flow of a tide where govt is now heading to privatize every dam thing
    So this sh.ite about exploring is another con job to sway peoples attention in a direction that govt can control

    Liked by 1 person

  • “We just need to figure out EXACTLY how Bitt fits into this established pattern….”

    Won’t be long now, they are smal time and not the brightest people…not compared to those in the know.

    Like

  • Government is exploring? What does exploring mean?
    +++++++++++++++++++++++++++++++++++++++++
    “Exploring” means that some moron had a brainwave last night – after a late meal? and have quickly rushed to the media to share some high-school-level initiative that could not pass muster with Dompey.;

    The previous set of clowns figured out that they were incompetent – and they stopped talking to the press. Even the now highly expressive, short, clown – formerly from the central bank – would not say a word back then.

    This set seems to have decided to tell us their every brainwave – even when it is completely untested, poorly thought out, and often ill-conceived.

    Oh for a coherent, thoughtful, visionary and inspiring presentation that EXPLORES the need for NATIONAL CLEANSING at the political, legal, moral and spiritual levels…… as a FIRST step to progress…

    Shiite…. even Bushie is now guilty of ‘exploring’ the ill-conceived….
    That is a bridge too far ..for brass bowls…
    Murda!!!

    Liked by 1 person

  • Where did Chris Sinckler give ALL banking business to foreigners?

    It seems that where there is blame to be cast on the BLP – the DLP has to be thrown in there to share the blame however misdirected.

    Owen Arthur as far as I know sold majority shareholding of BNB to the Republic Bank.Therefore putting them in the driver’s seat to make decisions and pass them.

    Like

  • sirfuzzy (i was a sheep some years ago; not a sheep anymore) September 23, 2018 4:41 PM/”… Therefore i would prefer the CU movement on such a venture…”

    The CU movement should first resolve the matter of unallocated retained profits – even if to, for the time being, permanent shares.

    Like

  • @ Bush Tea at 9:49 AM

    You are something else. Where did the Boss Engineer get you from though? How come He brekkup that mould after making you?

    Like

  • @ Bajans HAVE to be the MOST STUPID people on this whole earth.

    ++++++++++++++++++++
    Bush Tea you are so correct.

    Bajans just like being slaves. To be employees rather than bosses and to borrow rather than lend.

    Even the so called educated Bajans seem not to be able to think and see the most obvious.

    It should be obvious to any one with half a brain that if you hand control of something over to someone else, then maybe – just maybe- they would excercise that control at some point. If I give my neighbour my car then I should not complain and get upset if one day he tires of giving me a lift to work and eventually decides to charge me for it.

    It’s absolutely amazing how Bajans ”think”.

    A. Dullard

    Liked by 1 person

  • BT….u forgot the brewery/dairy/bbc.

    PLT…what makes it nearly impossible for small business to use CC/DC?

    The GoB should reinstate minimum deposit rates, esp in light of slowly rising rates elsewhere. No need to alter natural demand for GoB paper. The niggling challenge maybe the debt held by banks.

    Anybody….are the rates offered by credit unions etc significantly different from banks?

    Like

  • LOL @ Vincent
    Don’t blame BBE for Bushie….
    They adopted….

    According to Dr GP, Bushie was created by a different source…
    LOL…
    ha ha ha

    @ T Inniss
    Trust you to seek to differentiate BLP brass bowls from DLP ones….
    Bushie is talking about BAJAN ones…. INCLUDING those on the fence who sit and watch the shiite without a whimper…

    @ NorthernObserver
    Thanks for the reminder…. after a while Bushie was just too ASHAMED to go on….
    IMAGINE…
    Can you fathom that Stinkliar could go so far as to shut down OUR ALMOND brand …
    ….and give the whole kitchen and sink to Sandals…?
    So that Jamaicans can now come to Barbados and lord it over the ultimate brass bowl idiots anywhere?

    Bushie is surprised that the national anthem has not yet been converted to dub….

    @ David
    Sorry boss… give BT a break… don’t ban muh!!!

    Bushie is just pissed off because Enuff has so disappointed him…
    Shiite man…
    Bushie THOUGHT that Enuff would have been able to provide some guidance to Mia …after such a LONG stint on BU..
    …now to find out the Enuff is just another brass-bowl ‘lackie’ yardfowl….

    Steupsss…
    Piss in Bushie’s pocket do!!!

    #whatatraitortoBU

    Like

  • David why don’t you ask Gabby for an Article on how his Company Started instead the Miss-Information by…

    • peterlawrencethompson
    September 23, 2018 11:29 AM
    @abajanhowe September 23, 2018 11:10 AM

    As I stated: “Bitt was started with Abed family money.”

    ITS OBVIOUS THAT JEALOUSY IS AT THE FOREFRONT HERE BY SOME!!

    Like

  • @NO

    Credit unions rate averages 1.5% which is unsustainable in a liquid market.

    Like

  • I guess today meeting with pensioners holding govt instruments can be called an expedition exercise
    But for what! govt defaults had all but made the final decision on how decisions mapped out by IMF policies ( would be made)
    So this s h.it. talk about “exploring”is now dependable on how much more the debt laden basket can handle
    From my vantage point the basket handed to the people is very heavy and what ever debt is left over goes into basket nowv called The privatization basket
    Didnt we not hear govt also exploring the sale of the Transport board to private citizens Yeah right
    Next they will try selling grame hall swamp too

    Like

  • Really…yall minority drug dealers ran amok in Barbados for the last 40 years because of weak black governments, now ya children and grandchildren are doing the same thing, running new age scams while never giving up the old Cartel trade…yall contributed significantly to the third world banana republic the island has become.

    …but just because the jackasses in the new government are afraid…they know why…to acknowledge and address this, does not mean it is not so….now yall want to feed the majority population more scams and self serving garbage to get at their money., while continuing ya Cartel trade….oh really..

    Like

  • SOME ARE ADDICTED YO LYING AND SPREADING THEIR BILE AND PUTRID WASTE!!

    Like

  • SOME ONLY BELIEVE THAT WHEN OTHERS ARE SUCCESSFUL IT IS BECAUSE OF DEVIOUS MEANS…

    SOCIALISM IS THE GOSPEL OF ENVY!!

    Like

  • All this over talking and overthinking about the emoney scam not going pull barbados out of the debt spiral
    At the end of the day the elephant in the room call debt stands tall and unshakeable until govt create growth plans to pull barbados out of a repetitive cycle of borrowing to pay debt

    Like

  • peterlawrencethompson

    @NorthernObserver September 24, 2018 11:06 AM
    “…what makes it nearly impossible for small business to use CC/DC?”
    ++++++++++++++
    High rental fees for the card reader machines ($100 to $150 per month per machine)… stupid rules to make it more difficult to use third party card reader machines… other stupid rules to discourage taking credit card numbers over the phone… extortionate per transaction fees that discourage small ticket sales (when the bank charges the vendor 70 cents per transaction they cannot afford to sell you $2 worth of Thyme)… idiotic collateral requirements quoted at between 5% and 20% of projected annual volumes (if a vendor does $100k in annual volume it is punitive to make them keep a balance of $20k in their account earning no interest)… etc.

    Like

  • The unions would march…
    The business community would “stifle” the economy…
    The GoB debt holders too proud to do anything…
    Therefore make the debt holders pay for everybody and keep the GoB assets for the sweetheart deals to come

    Like

  • Incorporate a mixture of currently active and idle GoB assets into “Crown Corporation” and make a portion of the shares available to the debt holders, both individuals and institutions, for the reduction in interest payments. As it is, you are creating a new crisis to keep political promises.

    Like

  • You have to feel for BARP people.

    Like

  • Yes no doubt the pensioners are getting the shit.ty end of the stick after years of back breaking jobs and saving a penny to make a dime
    Then govt gave no hoots as to how defaulting on debt would have had catastrophic ends for the pensioners
    Also one can added the basket of heavy taxation applied to their daily live

    Liked by 1 person

  • “Good examples of this Bajan conservatism are the boring and intellectually silly arguments about foreign reserves, which dominates our thinking, and the hero-worshipping of economists with PhDs.”

    Hmmmmmmmm

    “Silly arguments about foreign reserves”……….interesting……

    …….especially coming from someone who suggested the establishment of “a pooled Caricom-based FOREIGN RESERVES fund.

    Well, well, well……perhaps the author of the above comments reference to “foreign reserves” is beyond the “intellectual capacity” of the other BU contributors.

    Like

  • Artax

    Why do you bother. His partner in economics in her last post claimed that a basket of heavy taxes is burdening pensioners. Apart from $45 for water and sewage, and a fuel tax, what are these taxes that are burdening pensioners? Increased PAYE and NIS? Mind you pensioners were paying road tax and most were mainly running errands, and I would be surprise if they are not saving with the introduction of the fuel tax. Earlier she said gas prices have tripled; September 2017 the price was $3.25/litre with a road tax and world oil prices at an average $52/barrel; it is currently $3.91 without a road tax and oil prices have averaged $69/barrel.

    Like

  • @enuff

    What about the pensioners who are holding government debentures and Treasury Notes?

    Liked by 1 person

  • Enuff just like you listen to the “poor” people cries for economic ease from taxes for ten years
    I am doing the same hearing the cries of poor people saying across social media that they water bill has tripled some even posting their past and current bills as proof
    The same cries for the fuel bill and grocery bill
    Some even outwardly stating that Mia lied to them taking away the NSRl tax and replacing it with three or more taxes and grociers have not come down
    Now you come here on BU with your smoke and mirror calculation per this and that but to ever per this is an additional cost that is siphon out of the pockets if every manjack.

    Like

  • Good question what about the pensioners
    The blp yardfowls gone sleep on that question
    Lest they forget the hue and cry against past govt when pensioners lost their savings in Clico
    The funny yet not funny as past govt made a way of having the pensioners compensated
    Mia slam shut the door on that too and not a peeking word from the bombastic blp yardfowls
    Guess they too shame to say one word

    Like

  • Truth will set you Free

    Mariposa

    Why don’t you accept that Politicians whether BLP or DLP are ALL Stinkliars?

    Like

  • @plt
    Fairly standard list of issues.
    The collateral one seems very high. Transactional is always the killer. For years many small retailers in Ontario, refused cards until the sale was above $x. Several, like Korean convenience store owners banded together, to reduce the fees via pooled volume.

    Liked by 1 person

  • @ac
    Wondering, between say Oct 1 2003 and Oct 1 2018, WHEN did debt become the elephant in the room?
    It must have occurred recently, because the evidence on BU from 15-16-17 shows you supported taking on more debt….for the preservation of the social economy.

    Like

  • Canadian firm to construct hundreds of new houses

    Like

  • This is a good example why UWI students should pay their own fees. Unless I missed it, not one tax-payer, UWI educated lawyer has come out to advise the debt holders of their legal rights. The QEH doctors have convinced us of this for years – now the lawyers. In that place we call the horrible USA, lawyers on both sides and the middle would be providing general advice on this morning, noon and night.

    https://barbadostoday.bb/2018/09/25/pensioners-begin-government-bond-sign-up/

    Like

  • Would one of you brainiacs PREFERABLY THE ONES WHO ARE NOT BLP PIMPS EXPLAIN FOR DE OLE MAN WHAT ALL DESE BOND SIGN UPS MEAN.

    I AM A SLOW MAN SO DONT TYPE IT TOO FAST.

    Let us say that I have been buying $100 bonds yearl with a 10% yield

    After 20 years I have $2000 in bonds which are set to mature every 10 years and I have been rolling over my investment every year I.e, when a bond matures I take the principal and interest and reinvest with the bond issuer which is supposedly the safest institution – government

    So my bonds have matured and for 10 of those bond I am to realise $10 each at least.

    Now we ent even going deal with no compound interest nor the complexities of reinvesting and all dem udder tings. We just Dealing with simple interest.

    So wunna is telling the people of Barbados that BECAUSE OF THE TEIFEDNESS OF THE FORMER ADMINISTRATION I can’t get dat $100 dollars in simple interest

    And further that this new government with all 50 something gurus are incapable of working out a deferred compensation strategy that will let me Labour in hope of realizing the shortfall of that simple interest.

    Wunna see why I is such a simple ole man?

    Cause the very reason that dem telling m3 dat Avanash de snake oil salesman was hired and the very reason White Oak cuntsultants were fabricated @today wunna I’d being told tek dis shy$# money and run wid it cause 5he way things looking WE UP SHYT#@ CREEK

    Liked by 1 person

  • pieceuhderockyeahright

    @ The Honourable Blogmaster your assistance please

    Like

  • According to news report one hundred and thirty people exchanged their instruments for new govt paper
    Also reporting that they had no other option since the process was almost a done deal by govt with no provision for other alternatives
    However for those living in the diaspora who bought govt instruments the process all but let them loose since no proper procedure or process was initiated by way of informing them of what procedure their should take for exchanging their instruments

    Liked by 1 person

  • @ Piece
    …..cause 5he way things looking WE UP SHYT#@ CREEK
    +++++++++++++++++++++++++++++++++++++++++++++
    Looking…?!!
    So did you not get the memo from Bushie about the grass
    ..and its proximity to your donkey…?

    Liked by 1 person

  • @ NorthernObserver
    @ac
    Wondering, between say Oct 1 2003 and Oct 1 2018, WHEN did debt become the elephant in the room?
    It must have occurred recently, because the evidence on BU from 15-16-17 shows you supported taking on more debt….for the preservation of the social economy.
    +++++++++++++++++++++++++++++++++++++
    Boss, the REAL problem is not ac.
    It is the new set of morons who, instead of locking up ac and the other demons that broke every law of common sense and of the land …. have been dutifully following the script laid out for them by the VERY SAME public servants who misguided the DLP jokers.

    The ONLY sensible FIRST ORDER OF BUSINESS ….
    is surgery on the CANCER of criminality that has invaded Bajan Body Politic.
    ….and at least some of those senior public officers HAVE to be cancerous…

    ac should be too busy trying to get bail… to come on BU talking shiite that is now diametrically opposite to the shiite she produced BEFORE elections.

    Like

  • There are alternatives – the GoB has many assets – but this is to deprive the debt holders of and redirect their “wealth” to other groups. What is happening is akin to a corporation telling its creditors that it cannot pay and using its assets to for its own objectives for the benefit of other than the creditors.

    Liked by 1 person

  • And what is this about “institutional holders that have separately received individual offers” – all debt holders signed on to the same agreement.

    Liked by 1 person

  • @ Hants September 24, 2018 11:50 PM
    “Prime Ministers Mottley and Trudeau hold bilateral meeting…”
    ++++++++++++++++++++++++++++++++++++++++++++++++++

    It’s time MAM stop with the long talk and begin ‘to walk the walk’ in Canada’s shoes by decriminalizing marijuana by year-end and amending the Bajan Marriage Act in 2019 to accommodate same-sex marriages or provide a similar legal vehicle (like a UK type-civil partnership arrangement) offering the same rights and responsibilities as prevail under the existing laws covering relationships between opposite sex consulting couples.

    Why waste time (and already scarce money) in going the referendum route knowing the hypocritical mindset of backward Bajans like the now disappeared Canadian Alvin ‘Boots’ Cummins?

    Did the Bajan government go the route of referendum when it came to Independence, joining Caricom or the CCJ?

    Did it hold referenda before the removal of the social scarring distinction between children born within wedlock and those ‘illegitimately born outside (bastards)?

    Did it consult the people by way of the ballot on the passing of the Termination of Pregnancy (Abortion) Act or its recent amendment to the “Murder” Act?

    A referendum had already been undertaken on May 24th and the results are clear to see.

    It’s time Barbados move with the times and stop operating like the Victorian moral hypocrites or the Taliban or the sexist Saudis now being forced to see the light of liberation for their women folk who might be able to drive a vehicle without a male chaperon (guardian).

    Like

  • Rather than a referendum I think we need a programme of education as to why we should do these things before they are done. Most people are against giving rights to homosexuals because they have just accepted what some church leaders say without thinking for themselves. Also many don’t understand that church and state are separate and that the state must operate in a manner that gives ALL persons equal rights. However, church leaders should not be forced to perform ceremonies against their beliefs. I have found that when I present these ideas to people in a logical way they actually do stop and think and often end up by acknowledging that I have a point.

    Like

  • David
    Yes there are pensioners affected by the debt restructuring, but is that taxation as is being implied? Is it not the pure ineptitude of the government of the last ten tears that is forcing the current administration’s hand? At least the government isn’t afraid to act. I would urge the government to establish a team to monitor each policy/programme to support a robust evidence base. The proof will be in the eating, and as much as the antagonists are pelting, nothing is sticking. It is an exercise in hopping and jumping from post to post, with the same rhetoric. There are people here that want us to believe that all that’s happening now is due to post May 24 decisions. The more they talk, the more jokes I get.🤣🤣

    Like

  • Prices of groceries actually have started to come down in certain supermarkets. I always keep my bills and compare and so I know. They will not all come down at once as it depends on the stock that was purchased at the old rate. Prices will come down item by item.

    Like

  • Guest,

    You got it I one. Taxpayers pay hefty university fees to educate these lawyers and of all professional groups in Barbados, the lawyers are collectively the most dishonest. They of all set out to rob ordinary people. They are despicable.

    Like

  • @ Mariposa September 24, 2018 8:48 PM
    “Good question what about the pensioners
    The blp yardfowls gone sleep on that question
    Lest they forget the hue and cry against past govt when pensioners lost their savings in Clico
    The funny yet not funny as past govt made a way of having the pensioners compensated
    Mia slam shut the door on that too and not a peeking word from the bombastic blp yardfowls
    Guess they too shame to say one word”
    ++++++++++++++++++++++++++++++++++++++++++++++++++++++

    Those pensioners holding government paper should be treated the same way the CLICO EFPA holders were treated and deemed by your fumbling master Stuart as a set of excessively greedy bastards.

    The same way the CLICO individual investors were deemed greedy for going after unrealistically ‘super’ interest returns, so too should those people who were well aware of the dangers of going after the ‘shady interest-earning shadow’ only to lose the ‘real security bone’ after the CLICO fiasco.

    How could they be so blissfully ‘ignorant’ of the risks when they were well aware of a government printing Mickey Mouse dollars to pay ‘genuinely unproductive’ public sector workers without concomitant inflows of foreign exchange earned by the hard work of export-oriented Bajans and not by borrowing from the Credit Suisse of this world to feed an obese conspicuous consumption pig feasting on the DLP fatted calf?

    How long do you think such a state of affairs to continue before the shite from the fat pig hit the fan?

    Just wait on the Devaluation wolf to come a knocking on the Bajan dollar door as the first tranche of the IMF lifesaver ends up in Japan, Germany and China to pay for mechanical sweet-life and sugar-water trinkets.
    You all better take very seriously the warnings being given by PUDRYR, Tron and poor boy Bushie very, very seriously, yuh hear?

    Like

  • @ Donna September 25, 2018 8:26 AM

    Rather than a referendum I think we need a programme of education as to why we should do these things before they are done. Most people are against giving rights to homosexuals because they have just accepted what some church leaders say without thinking for themselves. Also many don’t understand that church and state are separate and that the state must operate in a manner that gives ALL persons equal rights. However, church leaders should not be forced to perform ceremonies against their beliefs.”

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

    Very good points you have raised there.

    But it could also be argued that the more enlightened church leaders should also be given the ‘licence’ to perform such marriage rites for same-sex couples.

    Aren’t those who conduct rites of marriage in a ‘church’ setting also functioning as officers of the Government or Court?

    Don’t all divorces have to be sanctioned ( not sanctified) by the same Court and cannot be undone in any church hall?

    If a church leader has a right to refuse two Christians (not Jews or Muslims) from entering into any same-sex legally approved union based on love in the house of their loving all-inclusive rainbow god what about a white supremacist principal having the right to refuse black children or Jews to attend the school over which he presides?

    BTW, a programme of educating Bajans about the dangers of littering has been conducted for the past 40 years now.

    Don’t you think it’s time Bajans grow up by behaving as if they have been ‘educated’?

    Sometimes people have to be forced through the penalty of the Law to change their behaviours’.
    Discriminating against people on the grounds of race, creed, cultural origin, gender or sexual orientation should be universally outlawed and is the only law the rainbow God requires humans to obey in their day—to-day interactions.

    Ask the bonobos how they deal with conflict and stress!

    Like

  • Miller,

    Some things just cannot be forced. If I were a homosexual, I would not even wish such a minister to preside over my nuptuals. What is to be gained from that? One would have a better ceremony elsewhere. I know many priests who would be happy to facilitate such.

    Like

  • The debt holders may have to contact the Cable and Wireless minority shareholders and their lawyer for some guidance on how to bring a class action against the GoB.

    Like

  • @ Donna September 25, 2018 9:51 AM
    “I know many priests who would be happy to facilitate such.”
    +++++++++++++++++++++++++++++++++++++++++++++++++++++

    So why aren’t they sounding their voices and calling for the change in the local Law which discriminates against two people who are in love but happen to be of the same sex?

    Isn’t the Christian marriage supposed to be based on Love (and not Sex)?
    Is it Ok for a blind woman to marry in a church a man who is disabled from his waist (waste) down but illegal and a massive religious taboo for two ‘virgins’ to tie the nuptial knots?

    No one is forcing anything on any one.
    Should a doctor- sworn to the Hippocratic oath- but who goes to a church which condemns the drinking of alcohol- refuse to treat a man because he is an alcoholic?

    Since ‘marriage’ is a legal construct why not take it out of the ambit of the religiously myopic bigots and make it a totally civil matter like the mandatory responsibility to register all children; No christening or No bar or bat Mitzvah.

    The church cannot ‘untie’ a marriage so why let it be in a position to tie two people to a legally binding contract in the first place in this secular age?

    Like

  • The priests are working quietly and making headway. They are making progress in the hearts and minds of their flocks. Change will come in due course.

    Nothing wrong with the suggestion of taking the civil authority away from religious leaders. That could actually solve the problem. The religious ceremony could be unofficial.

    Like

  • Oh piss off do Miller…

    Who are you to pontificate on what any church should ..or should not ..do…?
    No one stops you from living with your ‘partner’ and doing whatever the hell wunna want…
    But what gives YOU any right to expect church endorsement?
    (apart from the fact that most ‘churches’ are jokes…?)

    Do you even know what marriage signifies …or represents?
    Shiite … not even the churches do…

    What legal construct what??!!
    Marriage was PRESCRIBED by BBE – to signify one of the most compelling and significant concepts that it is possible to comprehend. It is just that blind brass bowls CANNOT see…

    Just because it has been adopted by most religions, churches, mosques tribes, courts and even faggots.
    .. does NOT make it a ‘legal construct’.

    Why don’t you just say that you DO NOT KNOW the genesis of marriage
    … but that you obviously YEARN to be encompasses in it’s beauty….?
    Steupsss

    Liked by 1 person

  • @Guest
    The certification of who/what is included in the ‘class’ would be most interesting, given the NIS is the largest holder of GoB paper.
    The hindsight message is credit ratings DO matter, and for those who have ‘invested’ inGoB instruments, you should be marching every week. The debt spiral down has consequences. The belief “dat can’t happen here in dis country” does not apply to financial instruments.

    Like

  • @ Bush Tea September 25, 2018 11:27 AM

    Bushie man; you are contradicting yourself all around?
    “Marriage prescribed by BBE” my brass bowl!
    Which BBE are you referring to? The one that allowed the wisest man (Solomon) to have 700 wives and 300 concubines?

    Marriage is a cultural (human) construct and not any god-imposed arrangement.

    If marriage was a god-imposed arrangement then there would have been NO provision for Divorce.
    ‘That which your BBE has put together let No man put asunder!’ should be immutable law similar to what you were trying to ram down “Enuff’s” throat regarding the hot topic of ‘Planning for National Development’ purposes.

    We will continue to pontificate to an institution which used to keep slaves (with no public apology up today) refused to accept blacks among its white’ fold, or allowed them to marry and which even today continues to protect from the arm of the Law their officers who engage in rampant pedophilia.

    No one is arguing for the right to live with “your ‘partner’ and doing whatever the hell wunna want” but for the other legal rights (and responsibilities) that ensue from such a living arrangement.

    Why should a woman live with a man in a “common’ law arrangement and after 5 years be entitled to certain divorce-type ‘privileges’ but not when it comes to two wo(e)men?

    Liked by 1 person

  • @Bush Tea September 24, 2018 9:25 AM “one ugly, slow, [old] unmannerly cashier.

    I didn’t know that you were a bank cashier.

    LOL!!!

    Oh shirt!!!

    What de RH.

    Liked by 1 person

  • Debating restructuring now in the HOA

    Like

  • BUSH SHIT, THOU SON OF SATAN

    Re Do you even know what marriage signifies …or represents?
    What does marriage signifies …or represents?…

    RE Marriage was PRESCRIBED by BBE –
    Who or what is BBE? DEFINE/IDENTIFY BBE

    RE Marriage was PRESCRIBED by BBE to signify one of the most compelling and significant concepts that it is possible to comprehend.

    What is so compelling and significant about marriage that “it is possible to comprehend? What does this mumbo jumbo really mean.

    What is the genesis of marriage?

    What does the bullshit below means?
    “… but that you obviously YEARN to be encompasses in it’s beauty….?”

    CAN YOU GIVE THE RELEVANT SCRIPTURE TO SUPPORT ANY OF THE RUBBISH TO WHICH YOU ALLUDE IN THE RUBBISH THAT YOU HAVE WRITTEN?

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