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.
Local hoteliers can now breathe a sigh of relief as they seek to access concessions under the Tourism Development Act.
Prime Minister Mia Mottley announced on Friday that her administration would be creating a “level playing field” across the industry, allowing hoteliers to access the concessions the same way in which Sandals was accessing them.(Quote)
All snouts in the trough. Further transfer of wealth from the poor to the wealthy. At least prime minister Mottley is transparent – she is clear whose side she is on.
What about an inheritance tax?
@ Hal Austin
Hal
Some years ago there was a fellow here on BU called Dompey or Fenty.
He was of The Class Idiot and Sheeple and brimler and brass bowl and Salemite DNA that was so palpable that BU banned him.
I am noticing a pattern of that type of idiocy Hal that is surfacing with these so called pundits that is honestly frightening.
You are asking about the obvious insertion of this Regulatory framework and Sandbox because it is obvious to us chess players that Mia Mugabe and her team have said that the forcing of the MMONEY scam is not going to work
So they refashioned that OFFERING into a remote mechanism that would just bring a stamp of approval for anything that they want to force down a fellows guts and the sheeple and class idiots and brimlers and brass bowls and Salemites GOT TO TAKE IT.
Fellows like Peter Lawrence Thompson and Booful Jack who are going to get paid by MMoney come to the blog and repeat the definition for the Sandbox over and over and over again with the hope that other readers will think that you are a simpleton like Dompey was a simpleton
And that is because the strategy of this pernicious government is that either you will sing in their yes choir or they will effectively ban your a.ss
How us Mottley borrowing more money when she says the country is in debt
Not underdtanding that type if economic madness
Question What plans does Mia have in mind as she unilaterally borrow more money
Doesn’t Mia not understand the pain and suffering which would be handed down to generations because of long term debt
What are these economic gurus thinking those which Mia hired to stem the flow of barbados economic debt
@Piece,
That is fine, I have broad shoulders. What I want to know is if the central bank is going to underwrite cryptocurrency debt, if that will show on its balance sheet?
My other question, for the technocrats and consultants and central bank officials, is that since the Greenback has appreciated by nearly 25 per cent since 2014, and since the Bajan is pegged to the Greenback at 2:1, does that mean that the Bajan has appreciated by nearly 25 per cent too? Or, if not, has the Bajan been devalued by nearly 25 per cent since 2014? Our local economists, academics and policy-makers, all seem to want to avoid this question.
Also, since their creation in 2008, the whole idea of payment by cryptocurrencies is that they avoid central bank control; our Regulatory Sandbox is now regulated jointly by the central bank and FSC. @Piece, they think we are all stupid.
Note also the regulatory group can call in ‘experts’ when reviewing cases; who are these local ‘experts’? Obviously they must be people associated with mMoney. So, Mr Adams and associates will be regulating themselves and acting as experts in their own cases.
Doubt me, how many cryptocurrency companies have applied to be regulated by the Regulatory Sandbox? Remember, mMoney is headed by Rawdon Adams, the same person the prime minister felt so connected to that she amended the Barbados constitution so he could sit in the Senate – when all she had to do was to allow him to live in the country for a year to become eligible for the position.
What really concerns me is that the Cabinet is made up of some highly educated and intelligent men and woman; why are they allowing the prime minister to humiliate them almost every day in this way? Is it just the status and prestige? They can resign from the Cabinet and remain MPs.
I hope I am wrong, but it is all going to end in tears. Barbados is a failed state.
I cannot pinpoint the reason… but why do I feel as if the majority population is being sold out – that BBIB is the same as BBIA under Trump? This should not be in 2018. Have we ventured into a time warp?
Are we being packaged and sold?
@ Hal Austin
Hal, I shall 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!!
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 claims not to conform to the same monitoring IS SIMPLY HOGWASH.
THIS SANDBOX IS SOLELY TO RUBBERSTAMP MMONEY AND to ensure that all other competitor’s systems are examined for the benefit of MMoney AND THEY WILL SUBSEQUENTLY BE FAILED!
But back go your question yes, for if they claim to have approved the MMoney mechanism AND THEY ARE THE CENTRAL BANK, the are saying that they underwrite the deposits under the MMoney system which potentially can be incredible given so called digital valuations.
This is pre wisely the reason that Mottley AND THE CENTRAL BANK SHOULD HSVE 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 S THING.
As WhataThing queries this confirms that WE HAVE BEEN SOLD TO THE DRUG DEALERS WHO WANT TO LAUNDER THEIR DRUG TRADE PROFITS
BUT DONT FORGET, MIA CARES!
@ the Honourable Blogmaster your assistance please with an item here for Mr Hal Austin thank you
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….
@ 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!
@ 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!
@ 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…..
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.
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Sobering? Was he drunk?
Joke was taken from the Lawson playbook.
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.
@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.
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.
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?
Question: Has the UWI ever ran a workshop/seminar/conference on cryptocurrencies? Or the central bank? Or the stock exchange?
Oh dear…….
Bitt announced that Senator the Honourable Rawdon Adams has moved on from his role as Chief Executive Officer of the Barbados-based group of financial technology companies, effective February 17, 2020.
Senator Adams joined Bitt in October 2017, and since then has successfully steered the company towards greater stability and global prominence. Under his leadership, Bitt has become an international leader in Central Bank Digital Currencies (CBDCs). Most notably, Bitt secured a landmark contract to create a digital Eastern Caribbean dollar (DXCD) for the Eastern Caribbean Central Bank (ECCB). The highly anticipated DXCD pilot will launch within a few months.
In Barbados, Bitt successfully completed the Regulatory Sandbox governed by the Central Bank of Barbados and the Financial Services Commission, under Senator Adams’s leadership. The company has also developed strategic partnerships with over a thousand businesses to constitute the mMoney Merchant network, including Surepay, ICBL, Sol, A1 Supermarkets, Coffee Bean, and Automotive Art.
The Board of Directors and staff at Bitt are sincerely grateful to Senator Adams for his leadership and service and wish him well in his future endeavours. President of Bitt, Brian Popelka, who served alongside Senator Adams since 2018, will continue to provide operational and strategic leadership for the group in his current capacity.(Quote)