Senator Rawdon Adams Sobering Intervention in the Debt Restructure Debate

The blogmaster followed with interest the debate in the Upper House on the Debt Holder (Approval of Debt Restructuring Bill, 2018) on the 17 October 2018. The contributions of Senators Caswell Franklyn, Crystal Drakes and Crystal Haynes were instructive and generally accorded with the view of the blogmaster.

The blogmaster however was impressed with several of the points made by Senator Rawdon Adams. Of note is when he referred to what the Barbados brand use to be, how it has been dismantled in recent years and how we appear not to know what kind of Barbados we want to replace it.

Here is the video of the presentations of the four Senators mentioned with Senator Adam’s presentation found at 2hrs and 9 minutes into the video.

 

237 comments

  • Are we being packaged and sold?
    ++++++++++++++++++++++++++
    …packaged and sold…??!!
    Boss..
    This is what Arthur started in 2000… and what Stinkliar and Froon had been doing for ten LONG years.

    We have just been handed over to the slaughterhouse for processing….

    Like

  • Talking Loud Saying Nothing

    @ Hal,
    Level playing field! Yeah right.
    The day before they were talking about making home insurance mandatory!
    Tomorrow you can expect a raid on credit unions.
    Skippa it’s time to abandon ship….
    Before it’s too late!

    Like

  • pieceuhderockyeahright

    @ Hal Austin

    Hal,

    Earlier I tried to answer part of the question that you asked at 6.43 am

    It was

    “…What I want to know is if the central bank is going to underwrite cryptocurrency debt, if that will show on its balance sheet?…”

    Yes!! It will.

    In fact that was two questions actually

    “… is if the central bank is going to underwrite cryptocurrency debt?…”

    And

    “…if that will show on its balance sheet?”

    Yes to both.

    Here is the trick that they are employing which you have pointed out.

    Cryptocurrencies are usually designed NOT TO BE subject to the pervading government s currency rules.

    This is rogue currency.

    To create a sandbox to supposedly monitor a currency which IN ITS OWN ADVERTISING BY ITS CEO, claims not to conform to the same monitoring, IS SIMPLY HOGWASH.

    THIS SANDBOX EXERCISE IS SOLELY TO RUBBERSTAMP MMONEY AND, AT THE SAME TIME, to ensure that all other competitor’s systems are “examined”, for the benefit of MMoney, AND THEREAFTER THEY WILL MYSTERIOUSLY FAIL under some techno babble excuse!

    But back go your question yes, for if they, the Central Bank, claim to have approved the MMoney mechanism AND THEY ARE THE CENTRAL BANK, they are saying that “they underwrite the deposits under the MMoney system” which potentially can be an incredible amount, given so called indeoendent, digital valuations, by themselves, or paid for by their parent company

    This is precisely the reason that Mottley AND THE CENTRAL BANK OF BARBADOS, SHOULD HAVE KEPT OUT OF THIS!

    Their a.ss is grass WHEN this scheme goes belly up!

    But not a fellow INCLUDING CLEVISTON HAYNES IS NOT SAYING A THING.

    As WhataThing queries if this confirms that WE HAVE BEEN SOLD – TO THE DRUG DEALERS WHO WANT TO LAUNDER THEIR DRUG TRADE PROFITS

    Yes to their question too.

    BUT DONT FORGET, MIA CARES!

    Like

  • @ Talking Loud
    Tomorrow…???
    Where do you think they have FORCED credit unions to keep a large chunk of their reserves?

    Those political charlatans restricted the credit unions options for investing reserve funds – and forced them to buy government bonds….
    Bushie is just waiting to hear exactly how much of an impact that will have…..

    Like

  • It is clear that the laws of equilibrium would not allow us to live in contentment. Failure to maintain and to continually develop the means to increase our reach in the face of opposing forces have caused us to yield ground to others that aim to take everything for themselves. If we are to survive, we too must set our objective on 100%. Only then would our progress be maintained. To do otherwise, would be to decline into nonexistence.

    Like

  • Pingback: Karma Does NOT Sleep | Political Class Devoid of Ideas | Barbados Underground

  • Sobering? Was he drunk?

    Joke was taken from the Lawson playbook.

    Like

  • Good morning to all.

    Apologies at the lame joke. The attempt to turn his contribution into the ‘delivery of the Ten Commandments got to me .

    I see that some bloggers including ‘piece and Hal’ are really providing food for thought. Continue on.

    Like

  • @PUDYR
    Some years ago there was a fellow here on BU called Dompey or Fenty
    ++++++++++++++
    You must be slow, he is back and posting too. Some people go back to familiar themes and I spotted it when he referred to one of his favourite things (no not from the Sound of Music).

    If you promise to give me a reward I will point him out next time and I don’t want it in Bittcoin.

    Like

  • Simpson motors has nothing to do with Suzuki. Anyone can open up a car dealership and sell Suzukis.

    Might not be an exact parallel. But we cannot completely divorce RA and bitcoin.

    We talking about Barbados, pedigree, blessing by PM, sobering by BU and acclaim by BU yard residents. The link is there and it is strong.

    Like

  • UK government plans to abolish private finance initiatives. It has always been a scam, a rip off of the public sector and ordinary taxpayers. Now even the Tories agree.
    Prime minister Mottley are you listening?

    Like

  • Question: Has the UWI ever ran a workshop/seminar/conference on cryptocurrencies? Or the central bank? Or the stock exchange?

    Like

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