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Former Chairman of the NIS Jepter Ince Gambled with NIS Funds and L@#*

Walter Blackman is an Actuary and responded to the following comment by the blogmaster as under.

It may seem a trivial observation to make but make it the blogmaster must. How did Jepter Ince qualify to be appointed Chairman of the NIS?

 

David October 5, 2018 12:53 PM
“Thanks for lending your expertise to this matter Walter. Have you heard your professional colleague from Eckler on the matter? She highlighted all the issues we have exhausted in this forum including the lack of audited financials………”

David,

 

I have been following the two recent NIS blogs on BU, and yes, I also read the comments attributed to Ms.Lisa Wade, Principal and consulting actuary at Eckler.

All of the issues at NIS boil down to a chronic state of poor governance, poor management, inefficient use of inefficient technology, and ignorance and incompetence flowing down from on high.

 

Speaking of ignorance flowing down from on high, I was a guest on VOB’s “Tell it like it is” programme one evening around April 2009. A caller mentioned that NIS funds were being targeted to build offices in Warrens for government workers. Government, in turn, was promising to pay a handsome rent. The caller asked for my view on the matter.

 

My view was that the NIS needed to keep its funds as far from government, or any government-related project, as possible. I informed the listening public that the actuary had recommended less government-related investment of NIS funds, not more. I knew for sure that all of the talk about handsome rents will eventually lead to the issuing of useless government paper in the long run.

In the twinkling of an eye, Jepter Ince, Chairman of the NIS at the time, came on the line and blew over the airwaves of Barbados and the Eastern Caribbean like a destructive hurricane.

 

“You Walter Blackman are unprepared and have come on this program tonight trying to fool and mislead Barbadians. The NIS Fund is going to get a return of 6% or more on its investment in this project.You don’t know what you are talking about”, he bellowed.

Just to indicate how dangerous (sometimes fatal) it is for a country when people hold important positions, but these people know not that they know not, listen to the actuary’s words on page 4 of the 15th actuarial review:

“

 

 

After falling behind on its

contributions and rental payments, the Government of Barbados covered some of its arrears by issuing Treasury notes and debentures to the NIF.”

Do you think that Jepter Ince gives two hoots about the useless government paper that goes into the NIF whilst cash is continuously taken out?

Have all the nails needed for the NIS coffin been already hammered into place?

223 responses to “Former Chairman of the NIS Jepter Ince Gambled with NIS Funds and L@#*”

  1. WARU Avatar
    WARU

    “Note that it is now common for them to be all given Knighthoods etc after hanging out in Parliament. Note the shameful proliferation of Queens Counsel of those with no stellar achievement in the legal profession.
    This new class permeates and pervades all facets of the society. You either join them politically , socially or economically or face marginalization.”

    That is why it is so essential…vital even that those shite titles and false status given by UK to this band of crooks and thieves from Parliament to the private sector be REVOKED…

    ….maybe it was not intended when UK set up that crap, have no clue what they expected but for people just out of slavery and indenture servitude to copy all the nasty criminal antics of the british and practice it on the majority black population with wild abandon while robbing the entire population for 2 generations…but it has become a blight in the lives of 2 generations of people on the island and must be dropped…including the confounded QC title for lawyers, the most arrogant dishonest gang of criminal minded lawyers carry the title of QC Thieves, very few of them maybe one or two are not among the most dangerous useless lawyers on the island and even among them ya still find an air of uppityness and idiocy…

    This Black class of wannabe elites are a disgrace and curse on the island, they have served no useful purpose for the last two generations and will serve no useful purpose for future generations of Black bajans or for the advancement and progress of the island…they are members of a sideshow circus..only useful for a laugh, if they were not so destructive to the island, its people and ultimately. ..themselves.

  2. WARU Avatar
    WARU

    The upside to this is if UK did not or were pretending not to know before, both the UK and the whole world now knows that these pretend Black elites and the minority criminals who own them…have misused amd abused the UK CROWN…they added their special twist of criminality on it to destroy a whole Supreme Court..

    ….they misued and abused the CROWN to destroy the lives of two generations of people,

    ….they misused the CROWN to steal from the people…

    ….and the disgusting no class lawyers, Judges and QC THIEVES…misused and abused the CROWN…to keep a whole island of people in FEAR..

    …they misused and abused the CROWN…to rob the elderly of their estates,

    …the ministers/politicians misused and abused the CROWN…to make sure the younger generations, the people never prosper unless they became their personal yardfowls.

  3. Guest Avatar
    Guest

    David October 6, 2018 5:18 AM /@William /Some inquiring minds want to know how the powerful Black class in Barbados is constructed. What defines it.

    A foundation of corruption and a superstructure of mediocrity

  4. David Avatar
    David

    Your lack of comprehension about the state of the Barbados economy has no bounds.

  5. Guest Avatar
    Guest

    As is the ability comprehend deceit

  6. David Avatar
    David

    Source: Marla Dukharan ICAB presentation

  7. David Avatar
    David

    NIF ‘secure’, says Byer Suckoo

    RANDY BENNETT, randybennett@ nationnews.com

    Added 02 September 2017

    http://www.nationnews.com/IMG/770/65770/byer-suckoo-bwa5951-450×303.gif

    Minister of Labour Esther Byer-Suckoo. (FILE)

    While it is still owed more than half a billion dollars, the National Insurance Fund (NIF) is safe and secure.

    That assurance came from Minister of Labour, Social Security and Human Resource Development Senator Dr Esther Byer Suckoo, who spoke yesterday at a press conference, where the 15th Actuarial Review of the NIF, Unemployment Fund and Severance Fund of Barbados was revealed.

    Byer Suckoo maintained that the NIF was neither cash-strapped nor under threat based on the report which covered the years 2012, 2013 and 2014.

    She said the sustainability of the NIF was tied into Barbados’ economic growth and once the country’s economy kept on a path of sustainable growth the fund would be stable. (RB)

    Please read the full story in today’s Saturday Sun, or in the eNATION edition.

  8. David Avatar
    David

    Minister: Stop peddling fear about the NIS

    Thu, 02/08/2018 – 12:00am

    Stop the fear mongering!

    This is the call from Minister of Labour, Senator Dr. Esther Byer Suckoo, to those whom she says keep peddling fear in the public that their pensions under the National Insurance Scheme (NIS) are not safe.

    Her comments came yesterday in the Upper Chamber as she wrapped up the debate on the National Insurance and Social Security (Amendment) 2018, where she directed her comments to the contribution made by Senator Wilfred Abrahams.

    “We cannot afford to be doing this as responsible people,” she said, stressing that there is no evidence to substantiate the claim that the NIS investments have been irresponsible.

    “This approach of driving fear for whatever the topic is, it has to stop! Because at the end of the day, it does not do our society any good and there are people out there who take what we say verbatim and they actually believe every word that is said in here and not able to realise or discern sometimes, fact from fiction.”

    “The NIS of Barbados is sound. It is one of the soundest in the region. It continues to perform well. When we had the period of high unemployment and we saw that fund dip and the investments dip they’ve been able to turn that around that we have good investment returns even in that weaker fund, the Unemployment Fund. All the funds of the National Insurance are doing well. Your money is safe at the NIS and will continue to be so,” she said.

    She said that employers, if falling behind on their payments, should come to the NIS to enter a programme in order to get their affairs in order. She said the NIS, like banks are willing to work out arrangements, but persons “just have to make that first move”.

    The Labour Minister congratulated the Investment Committee of the NIS, saying that this group of professionals ensures that NIS continues to get good returns on its investment, which includes investments in government. “NIS goes after government in the same way as any other employer. The National Insurance has been sitting down with government to talk about how to clear off these arrears. And have created a plan,” he stated.

    “The NIS has served us for 50 years and it is well poised to serve us for another 50 years. Even with the money that we have their now and the money that is invested now. In the worst case scenario … we still have enough money in there now that the National Insurance can serve us for many years to come,” she assured. (JH)
    Section:
    News

  9. Guest Avatar
    Guest

    Say
    …1 BU employs you as the CEO and agrees to pay you $1,000,000 each year
    …2 BU generates revenue of $800,000 each year in the initial years
    …3 To be able to pay you, because BU thinks that you have the potential to generate revenue of $5,000,000 yearly, BU borrows $200,000 each year
    …4 It has become apparent that your potential is really $1,000,000 in revenue per year
    …5 Is it time to reduce your pay to $200,000 and repay the borrowed money

  10. TheOGazerts Avatar
    TheOGazerts

    Two side remarks…
    Georgie Porgie has been 100% right with his comments on offshore medical schools.
    Despite what the former ministers said , GP’s comment were on the mark.

    Seem like Esther Byer-Suckhoo was way off the mark.

    Is it that the ministers are deliberately wrong, or are they betting bad advice/information.

  11. Guest Avatar
    Guest

    No, F… the lenders because you require the $1,000,000 pay to maintain your lifestyle

  12. Guest Avatar
    Guest

    And you are part of the inner circle so why not increase your pay by 5%…

  13. David Avatar
    David

    Mia needs to have a relook at the strategy especially the optics now clouding her government. It is more of the same. Yes we have the communication channels unclogged, this is an excellent start and departure from the government of silence that preceded. To whom much is given, much is expected. A word of warning should be euff.

  14. WARU Avatar
    WARU

    It’s instructive that these kids were allowed to suffer in Ram’s dump of a hotel for 5 months, am sure they complained to everyone, including the slumlord Ram…no one did anything until India put out a warrant for the criminal fraudster..

    .ah would bet anything, if that warrant was not put out there the government would still be pretending they knew nothing about the abuse of these vulnerable students.

    Criminals tend to attrack criminals so nothing less is expected from Jackass Jones and useless Fruendolittle…who should also be handcuffed.

  15. Guest Avatar
    Guest

    or employ you in a lasagna of economists…

  16. Guest Avatar
    Guest

    for a solution that any con artist could have provided

  17. Guest Avatar
    Guest

    MAM, as you are already at it, why prolong the process. Why not end this next week by:
    …1 assessing the wealth of each resident of Barbados
    …2 determining the amount of money required by the GoB to address all of its obligations as a percentage of the total wealth of the residents of Barbados
    …3 imposing a one time tax at the rate of the money required to the total wealth

  18. Guest Avatar
    Guest

    Could the current plan possibly
    …1 accelerate the death of older Barbadians
    …2 thereby reducing the burden on the treasury, NIS or welfare department

    Does a man have the capacity to plan such for another man

  19. sirfuzzy (i was a sheep some years ago; not a sheep anymore) Avatar
    sirfuzzy (i was a sheep some years ago; not a sheep anymore)

    UWI like any university are merely for certification purposes. U may self study and be as capable as any university graduate. Anyone can go thru medical school or any programme. Pass all but one final exam. The other guy passes the final exam. At that moment in time the guy that failed is uncertified by the university while the other guy is certified. From a knowledge perspective both are about equal; have completed the same number of courses, may have similar grades etc etc. One is just certified the other is not. A university or tertiary level degrees should be more than certification but that maybe be another set/can of worms if opened.

    @tron Free education is no the issue; what is done with it is more he crux of the matter. Mr Ince & CS are no better or worse for using a resource that was provided for them. I probably know of many others in their age range that make u think if it was a waste, and on the other hand others that are positive lights in their respective areas.

    As i have heard and now embrace; it is not how you start but how u finish that is the decider of things.

    just my take

  20. TheOGazerts Avatar
    TheOGazerts

    Conspiracy theories abound
    https://barbadostoday.bb/2018/10/06/barbados-to-relax-exchange-controls/

    In order to easily launder money, exchange controls have to be relaxed.
    It seems as if possible devaluation have them in a panic. They have the laundry van and this relaxation should put air in the tires.

    Wondering where this laundered money will end up. Not in the US… Donville was like the canary in the coal mine. The air bad over here.

    Probably in one of the smaller but more stable and politically naive islands. Barbados eyes are now open wide, too late as we money gone.

  21. Guest Avatar
    Guest

    The debt restructuring in the present form would be a homicide tax on individuals and pensioners in particular

  22. Talking Loud Saying Nothing Avatar
    Talking Loud Saying Nothing

    Here is the penultimate paragraph from the “The Sugar Barons – Family, Corruption, Empire and War” written by Matthew Parker and published in 2012.

    “Barbadians have improved their lot by emigration and a fierce attachment to education. The island is now relatively prosperous, although as elsewhere in the region, many assets are in the hands of foreign interests or the tiny white majority. Other parts of what was the sugar empire are in a less happy situation. In general, throughout the smaller islands, the dominance of sugar has been replaced in modern times by a reliance on the shifting sand of tourism and offshore banking. The latter has attracted unsavoury characters and ” beyond the line” financial shenanigans, including fraud and money laundering linked to mainland drugs cartels. Tourism, for its part, has, for some, awkward resonances with the region’s history. In the large plantation-house style hotels, the tourists are almost all white, the waiters, the cleaners, the gardeners, the servants are all black.”

    If you read between the lines of Parker’s accurate portrayal of Barbados circa 2012 and Waru’s writings it is clear that both are emphatic in their appraisals that what is needed most in Barbados is a complete revolution and an irreversible removal of the old established political, business and social elite. Barbados has built her foundations on unbridled corruption as exemplified by this tragic case involving those disenfranchised Indian students.

    Let us all agree that Mia and her party are a symbol of all that is wrong in Barbados. Mia has just made an announcement that she would like to see doubling of growth within our tourism sector. Mia wants to see the restoration of plantation-house style hotels; she wants to take the country back to the period where black Barbadians were mere house-Negros. Eleven years in opposition and her level of critical thinking has remained stunted and elitist. The Barbadian diaspora are asking for Mia to step down, to retire her political party and for an ethical group to step forward which should and must have the support of the majority of Barbadians in order to take over the affairs of state.

    RESIGN MIA!

  23. Tron Avatar
    Tron

    @ TheOGazerts October 6, 2018 9:03 AM

    This plan is a typical Barbadian announcement without any consequences. We all remember Big Sinck´s grand plan to introduce business zones in Barbados where you can shop duty free with USD. It never happened because it would have crashed the BBD in a second.

    If Barbadians could move their BBD outside with unlimited and uncontrolled online transactions as in the developed world, the reserves would be depleted in 5 minutes.

    So Barbados will remain a highly controlled economy – like North Korea.

  24. Venomus Avatar
    Venomus

    a significant problem with the way the NIS makes investment decisions may stem from the legal framework. NIS has investment procedures and policies but I believe there is a clause in the NIS act which gives the Minister the authority to direct the Board on any investment decision. it would be good if anyone else could confirm. This stops the Board from making truly independent investment decisions which is what it should be doing. Of course board members could resign but quite a few directors are really ex officio representing organisations like BWU, BEC, BHTA, NUPW, ministry of Labour, ministry of Finance etc so resignation may not be an option. questions should be asked as to why the independent non politically affiliated directors did not report back to their organisations and why the organisations did not kick up a stink? Their purpose and presence in the governance framework should be focused on representing the interests of their constituents through maintaining the integrity and stability of the fund.

  25. Wily Coyote Avatar
    Wily Coyote

    @David

    “A word of warning should be euff.”

    Your red underwater is showing a little above your pants however bloggers have noted that your starting to see the writing on the wall.. Warnings to GOB will ALWAYS go unheeded. Wily would suggest a cricket bat to appropriate(all) political knees is needed to get their attention.

  26. Mariposa Avatar
    Mariposa

    What is there not to understand about the barbados economy..it is in debt and p3rsent govt is following the same downhill path of creating an unsustainable economy through high levels of borrowing rather than create a growth plan

  27. Mariposa Avatar
    Mariposa

    I Remember present govt (call) to tell past govt to cut spending
    When asked what should be cut tge answer was that of silence
    Now in power and given a mandate to be in charge of barbados economy
    Present govt leverage a process to cut the backsides of citizens with high levels of taxation which has become like overgrown weeds to destroy and catspraddle livelihoods in order to payback financial institutuons
    Being caught up in this vicious cycle of overburden taxation will be a long hard road to tarry leaving many innocent victims in its way

  28. William Skinner Avatar
    William Skinner

    The more we look at the implications of mortgaging our future and another generation to external forces; the more we see the sterility of the Mascolls, Downes, Bells, Marshall’s , Lowes and all of these jokers, who have recommended the IMF and are now about to beg the Chinese.
    Basically infertile minds will breed infertile ideas. For ten years Mascoll wrote in the Nation, that we cannot tax or borrow our way back to prosperity. The same Mascoll has now carved the identical policy he lambasted. Now he says he is making a tremendous sacrifice. What a sacrifice being guaranteed a job/ contract, for three years by the same party he brought a no confidence motion against ! That sums up the construct of the decadent political class.
    Hope David can see beyond his long hops by now.
    #igotthis

  29. Northern Observer Avatar
    Northern Observer

    “the same downhill path”….same as who? The former group you supported at every turn?
    Murdah…at least you are telling the truth.

  30. Hal Austin Avatar
    Hal Austin

    Professor Avinash Persaud’s appointment as deputy chairman is also worrisome. There is no doubt that he possesses expertise in investment matters which the NIS board needs at the strategic level, but not someone who is also the chairman of the Financial Services Commission. Some may argue that there is precedent of someone serving on a regulatory agency and the NIS at the same time. But that was not right either.(Quote)

    I have read that Prof Persaud has worked as a financial analyst, but has he ever been a fund manager, and if so, where and with whom?

  31. David Avatar
    David

    You continue to show a simplistic view of where Barbados finds itself. Is it possible for you to comprehend the weight of the domestic debt and deficit that has to be immediately closed if the government wants to be able to draw down in SDRs which is needed to pay the bills? Contrary to what is being stated the government has no choice but to agree to the fiscal measures being rolled out. Whether we agree or not with the policies being rolled out this is what happens when you are in a debt cycle.

  32. Wily Coyote Avatar
    Wily Coyote

    DEVALUATION IS THE ONLY AND ULTIMATE SOLUTION.

    GoB must bite the bullet and endure the consequences, life will not be good in the future, why drag out the pain and suffering.

    FAILED STATE, BIG IDEALS SMALL CORRUPT WALLET has lead country down the socialist failure path to the precipice, time to jump off and hope the parachute does not tear too bad.

  33. Vincent Codrington Avatar
    Vincent Codrington

    @ David BU at 10 :30 AM

    “Debt Trap” not Debt Cycle”. Do you remember the politician that first diagnosed the present ailment of the Barbados economy?

  34. David Avatar
    David

    @Vincent

    Accept your correction.

    Are you thinking of Erskine Sandiford?

  35. Vincent Codrington Avatar
    Vincent Codrington

    @ David BU at 11:07 AM

    I think it is Owen Seymour Arthur. Right diagnosis often leads to correct treatment.

  36. Hal Austin Avatar
    Hal Austin

    @Wily Coyote,

    How about fixing against a basket of currencies and commodities as an alternative to devaluation?

  37. Guest Avatar
    Guest

    From the debt holders to finance:
    …1 The Hon. Mia Amor Mottley, Q.C., M.P., Prime Minister, Minister of Finance. Economic Affairs and Investment. Read More
    …2 The Hon. Dale Marshall, Q.C., M.P., Attorney General and Minister of Legal Affairs
    …3 The Hon. Santia J. O. Bradshaw, M.P., Minister of Education, Technological and Vocational Training and Leader of Government Business
    …4 The Hon. George W. Payne, Q.C., M.P., Minister of Housing Lands and Rural Development
    …5 The Hon. Ronald St. C. Toppin, M.P., Minister of International Business and Industry
    …6 Senator Dr. Jerome X. Walcott, J.P., Minister of Foreign Affairs and Foreign Trade
    …7 The Hon. Trevor A. Prescod, J.P., M.P., Minister of Environment and National Beautification
    …8 The Hon. Cynthia Y. Forde, J.P., M.P., Minister of People Empowerment and Elder Affairs
    …9 The Hon. Kerrie D. Symmonds, M.P., Minister of Tourism and International Transport
    ..10 Dr. The Hon. William F. Duguid, J.P., M.P., Minister of Transport, Works and Maintenance
    ..11 The Hon. Lt. Col. Jeffrey D. Bostic, M.P., Minister of Health and Wellness
    ..12 The Hon. Edmond G. Hinkson, M.P, Minister of Home Affairs
    ..13 The Hon. Dwight G. Sutherland, M.P., Minister of Small Business, Entrepreneurship and Commerce
    ..14 The Hon. Wilfred A. Abrahams, M.P., Minister of Energy and Water Resources
    ..15 The Hon. Ryan R. Straughan, M.P., Minister in the Ministry of Finance
    ..16 The Hon. Marsha K. Caddle, M.P., Minister in the Ministry of Economic Affairs
    ..17 The Hon. Cheryl Sandra V. Husbands, M.P., Minister in the Ministry of Foreign Trade
    ..18 The Hon. Colin E. Jordan, M.P., Minister of Labour and Social Partnership Relations
    ..19 The Hon. Charles McD. Griffith, M.P., Minister in the Ministry of Housing, Lands and Rural
    ..20 The Hon. Adrian R. Forde, M.P., Minister of Youth and Community Empowerment
    ..21 The Hon. Kirk D. M. Humphrey, M.P., Minister of Maritime Affairs and the Blue Economy
    ..22 The Hon. Indar A. Weir, M.P., Minister of Agriculture and Food Security
    ..23 The Hon. Peter R. Philips, M.P., Minister in the Ministry of Transport, Works and Maintenance
    ..24 The Hon. John A. King, M.P., Minister of Creative Economy, Culture and Sports
    ..25 Senator Kay S. McConney, Minister of Innovation, Science and Smart Technology
    ..26 Senator Lucille C. Moe, Minister of Information, Broadcasting and Public Affairs
    ..27 Senator Dr. Romel O. Springer, Parliamentary Secretary, Ministry of Education, Technology and Vocational Training
    ..28 The Hon. Neil G. H. Rowe, M.P., Parliamentary Secretary, Ministry of People Empowerment

  38. Guest Avatar
    Guest

    https://www.azlyrics.com/lyrics/bobmarley/ambushinthenight.html
    See them fighting for power; But they know not the hour
    So they bribing with their guns, spare-parts and money
    Trying to belittle our Integrity now
    They say what we know; Is just what they teach us
    And we’re so ignorant; Cause every time they can reach us
    Through political strategy; They keep us hungry
    And when you gonna get some food; Your brother got to be your enemy

    Ambush in the night,

  39. WARU Avatar
    WARU

    “Mia wants to see the restoration of plantation-house style hotels; she wants to take the country back to the period where black Barbadians were mere house-Negros. Eleven years in opposition and her level of critical thinking has remained stunted and elitist. ”

    And this is what frustrates those who can actually think far beyond and above the blighted and cursed colonial mindset..

    …above.the fraudulent pretence of being the Black elite on a pile of coral rocks and sand..while being poor as ass and robbing the vulnerable population to keep up pretences ..

    …the idiocy of not being able to imagine that tourism should not be a one horse in a race to nowhere,

    ….the limited intellect unable to devise anything devoid of corruption..

    …the annoyance at watching those lawyers and others calling themselves educated…squatting in a parliament and all INCAPABLE of genius capabilities, every one of them…

    ..because they marginalize and sideline the real geniuses in the majority population…so that they themselves, the useless ministers, senators etc that they are… can continue being a gaggle of house negros to minority thieves…it is an ugly state of affairs.

  40. Tron Avatar
    Tron

    @ Wily Coyote October 6, 2018 11:02 AM

    Correct as always. The peg pulls down economic growth. Barbados does NOT offer a competitive tourist package. Taxes, wages and everything else to high.

    However, Wily, as you know, most Barbadians want to close their eyes and they do not want to face harsh reality. One day devaluation will come, but not in a controlled way but as a big crash.

    Hopefully people will remind Big Sinck and pull him to the People´s Court in front of General Bussa´s monument, a court not relying on corrupted statutes, designed by QCs to protect criminals, but on ancient West African custom laws for traitors.

  41. Guest Avatar
    Guest

    http://www.nationnews.com/nationnews/news/201780/shot-swan-street

  42. Mariposa Avatar
    Mariposa

    And Northern ! and what is your point
    There is nothing presently to brag (about) when the present govt has hoodwinked the populace into beliving that past govt actions of taxation and borrowing was
    A wrong which would be corrected if they were elected
    A wrong which has remained part and parcel of their stealing and hpscotching plans as identified by their nagging way to dumb down the populace with their PR schemes

  43. Tron Avatar
    Tron

    @ Guest October 6, 2018 12:08 PM

    And? what is the point? Every wise person will wear protective armour under the shirt in the Caribbean where drugs, stabbing and shooting are normal. Obviously, the man did not.

  44. Wily Coyote Avatar
    Wily Coyote

    @Hal

    “How about fixing against a basket of currencies and commodities”

    This would have been a GOOD IDEA 50 years ago when the original US$ Peg was implemented, however to day it will not solve the present situation only continue it down the same FAILURE path. Massive Correction is necessary, however it will come with massive social pain and a generational recover period if ever.

    @Tron

    Agree, eyes closed, ears deaf to suggestions, question is will Bajans hear or see the CRASH. Devaluation will adjust economic growth, competitive tourism, taxes, wages and everything else to realistic levels. The Justice system is another matter, its possibly past RECOVERY and new system may come into existence after a period of unrest and ciaos.

  45. Tron Avatar
    Tron

    Wily,

    As said a People´s Court with one court room was enough. Let us use the very big building of the Supreme Court as a hotel. Marston might act as chef in the kitchen, his registrar Crook, eh Cooke-Aleyne as a maid.

  46. pieceuhderockyeahright Avatar
    pieceuhderockyeahright

    @ WARU

    Mia’s idea for the restoration of the various plantations is part of a portfolio of stolen ideas a la ssh tunneling protocol enacted via the kind assistance of a fellow who needs to remember the ole bajan saying “a fellow who will bring a bone WILL CARRY ONE!!!”

    The idea quite simply is this.

    To improve the authenticity of the historical-cultural experiences of the tourism plant with some visual/virtual experiences that differentiate the island from other tourist destinations.

    Theft by any means IS STILL THEFT but she has not moved far from her namesake Mugabe in the forceful misappropriation of property IN THIS CASE INTELLECTUAL PROPERTY while continuing on a path of non payment for the supply of the ideas.

    But this is the nature of the person at the centre of the topic.

    For you to appear brilliant as a patented brimler, you have to teif things and pretend that they are yours.

    What is the name of the sovereign debt entity which was recently mentioned here which is extremely good at using governments that don’t pay their debts again?

    I have been searching for that submission for a while and would be grateful if someone posted it again. Thanks. And no it’s not to sue anyone. It’s to review that company’s profile and portfolio

  47. pieceuhderockyeahright Avatar
    pieceuhderockyeahright

    @ the Honourable Blogmaster your assistance please with an item here for WARU thank you

  48. WARU Avatar
    WARU

    Says a lot when a new government runs around stealing slaveminded ideas and believes it sounds brilliant to everyone, it is a disgrace…but ah guess they can’t see what is actually going on around them, too wrapped up in their own bullshit.

    If they can’t understand their own actions of:

    getting conned into the Bitt Inc scam;

    where bitcoin was marketed for or very close to one year;

    where no marketing was done for mMoney;

    but yet they are practically bullying people to accept a currency no one on the island ever heard of;

    where they do not even know that Trinidad and Tobago & Jamaica with their over 4 million population strong combined would have been the better guinea pig for mMoney;

    where all of this sounds so brilliant to all of them and they believe it sounds brilliant to everyone else too;

    And ah won’t even get into the part where the Constitution was changed to accommodate Radon and others, it would take too many more lines, I was so happy to help promote that one.

  49. WARU Avatar
    WARU

    Let’s see just how much shit the government tries with this 100 million dollar loan, they cannot say no to it, that’s for sure.

    “Barbados is to be the first country in the Americas to benefit from the Inter-American Development Bank’s (IDB) newest lending facility for nations in economic crisis, the bank’s Barbados representative announced today.

    The IDB board is expected to approve by mid-November US$100 million as a single tranche from its Special Development Lending (SDL) window to finance the fiscal deficit, IDB Country Representative to Barbados Juan Carlos De la Hoz Vinas announced this morning.

    De la Hoz said during an online panel discussion on the International Monetary Fund-supported economic transformation plan that the IDB had done its homework on Barbados financial predicament and found that it had the right instrument to assist.”

  50. Vincent Codrington Avatar
    Vincent Codrington

    Very interesting indeed. To finance a fiscal deficit? Is this an annual loan? Does it increase or decrease the debt overhang? Wow we need to see the MOU.

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