Solutions Barbados recently held their Annual General Meeting. All Executive positions are for one-year terms, and Grenville Phillips II was re-elected to serve another term as President.
Politicians in all of the political parties, who participated in the last general election, know that politics is not only a very dirty game, but a cesspool of some of the worst types of behaviour. The public gets a glimpse of how vile politics truly is, by the constant accusations of gross corruption that our Members of Parliament regularly accuse each other in our House of Assembly.
All politicians constantly face two main temptations, and the public always pays a very high price if politicians surrender to them. Solutions Barbados Candidates are also aware of the significant harm to their professional reputations and their families if they fail in this manner. Therefore, we have taken drastic steps to protect the public and our families, by willingly restraining ourselves.
The first temptation is accepting bribes, and politicians facing severe financial challenges are most vulnerable. Politicians who cannot afford their mortgage payments are extremely vulnerable to accepting bribes.
To address the bribery temptation, all Solutions Barbados Candidates willingly sign a binding contract, to go bankrupt if they accept bribes. Each Candidate’s contract is terminated at the end of each election cycle if the Candidate is not elected. Once terminated, the contract may be renewed.
Of the 28 Solutions Barbados Candidates in the 2018 General Election, 17 chose to protect the public by renewing their contracts. Of those who chose not to, approximately half found the cesspool of politics to dirty to continue, while the remainder chose to continue their quest with other parties, but unrestrained by our contract.
The second temptation is far more sinister – and permanent. It is the corrupting influence of power. British politician, Lord Acton, observably wrote over a century ago, “Power tends to corrupt, and absolute power corrupts absolutely. Great men are almost always bad men.”
From our last general election experience, it appears to be the craving for power that can corrupt previously decent people very quickly and very easily. It also corrupts them stealthily, so that persons are unaware of how far they have fallen. It is this craving for power that led Judas to deceptively betray Jesus. Deception and betrayal are the two obvious symptoms of persons corrupted by craving power.
To address the corrupting influence of craving power, Solutions Barbados Candidates have deliberately chosen not to become career politicians. We offer ourselves to the public for two simple reasons. The first is to bring relief to Barbadians who have had enough of the gross mismanagement and political corruption that both established parties regularly accuse the other. The second is to actively help all Barbadians to prosper.
If voters have had enough of what they have been forced to tolerate from both established parties, and want prosperity for their households, then they are welcome to support Solutions Barbados candidates – for their own benefit. Our economic growth plan, which was independently favourably assessed, and which the Prime Minister promised would be allowed to contend (a broken promise), can still be used to bring prosperity to Barbadian households without austerity.
We are committed to offering ourselves to properly manage the public affairs of Barbados, whenever the next general election is called. Unlike the last election when voters felt that they needed to vote against the DLP, this time, they can choose to actually vote for something good.
If voters have not yet had enough of the dirty political game by then, then we will accept their decision as final for us. To continue to offer ourselves to an unwilling public after the next general election, is for us, to crave power.
Grenville Phillips II is a Chartered Structural Engineer and President of Solutions Barbados. He can be reached at NextParty246@gmail.com
Grenville 11
The only honest politician there has ever been is the one whose mother is dead and whose father has not been born.
But there is another test.
The one who voluntarily submits to the judgement of our guillotine and live to tall the tale.
Now, are you willing to so submit!
tell
Why does Grenville keep reminding us of his engineering qualifications?
Grenville 2
There has been the formation of the People’s Party for Democracy and Development (PPDD), led by the current and fictitious Leader of the Opposition.
It has been a disappointment that Caswell Franklyn has found himself so attached.
We would have though that you might have had something to say about this formalization of that party and the emerging balance of forces, on the ground.
Your party’s role within the new look duopoly formation.
This new party, to us, represents a mere redeployment of BLP forces. We fail to see any political current which philosophically gave birth to it. It’s shallow, at best.
We know with a fair degree of certainty that quite a few members on the other side had considered such a leap. That Atherley was the first to jump was neither a necessary nor a sufficient condition to inform a political vision. Merely personal and political opportunism.
That Caswell Franklyn has delivered himself to skate on such thin philosophical ice is worrying for the very fabric of the country.
More fundamentally, this new and faux formation, the PPDD, is no more than the BLP(2). And that such a political falsity of this magnitude could be imposed on the people of Barbados in 2019 speaks volumes to a national state of backwardness.
Because we see no distinctive raison d’etre for the birth of the PPDD we shall order the political undertakers at Two Sons to start preparing the coffin boards for that which would be so necessary after the next elections.
Of course, your own Solutions Barbados will now be sent to graze on barren pastures further into the elysian fields.
@Pacha
You are aware the official opposition party unlocks quarter million dollars in financing?
Very good article.
Don’t get distracted.
You need to have your team members show their support.
I am beginning to wonder if my team of investigative reporters, investment bankers and restructuring experts has more members than your team.
Involve your team members. They need to speak.
By now we should realize that the duopoly lives on. Already within the collective ranks they are identifying those who will be sacrificed in order to ensure parliament returns to its status quo in 2023. The BLPDLP strategists are hard at work together. Atherley knows this. Note the low keyed launch of the PdP.
More to come
Duopoly Rules
David
Of course
But the NDP did so too!
Ask Sir William Skinner, if you doubt us.
Not only that
They are provided with an official platform to have access to the whole country, reply to the budget etc.
They are, at taxpayers’ expense given offices and staff
Seeing that this idiot Atherley is a friend of Mugabe and that there are no real political hatreds amongst them we feel confident that such a subterranean relationship will produce additional benefits as well.
This Game of Duopoly will work out just fine for all concerned, in the interim, as the one party statism proceeds on its road to perdition.
Only read the headline and comments.
The headline is exactly one on the reason that people don’t want GP as PM.
TheoG
this is exactly what people keep pushing to GP -get his people involved. Maybe he will listen to you.
@ David June 12, 2019 7:47 AM
Did the Maria Agard switch to Lynette’s UPP ‘unlock any quarter million’ of already scarce taxpayers’ dollars?
Isn’t this another scam to ‘officially’ bilk already overburdened taxpayers some of whose tax refunds for previous years are still years and months overdue and a blatant violation of the country’s tax laws?
Why should the Treasury be ‘forced’ to recognize political parties as parasitical pigs to feed from the money trough while the Constitution remains silent?
@Miller
The official opposition is recognized. Maria Agard did not qualify did she?
@Pacha
Has any work been done by Atherley in his capacity as Chairman of the PAC?
Solutions Barbados recently held their Annual General Meeting. All Executive positions are for one-year terms, and Grenville Phillips II was re-elected to serve another term as President(Quote)
Who are the officers of Solutions, apart from Junior?
David
You would know the answer better than we would.
However, that role has never been of any serious import.
We further doubt that Atherley has any deep interest, intellect or desire
How much could a one-man band do anyhow.
Don’t let us fool ourselves
Atherley will dutifully mark time with a mistaken belief, engendered by some, that he could be PM.
as long as the corruption is NOT addressed…
as long as human rights abuses against the black population…by the BLACK GOVERNMENT …is NOT addressed…
as long as human rights abuses against the elderly and thefts of their properties and money from them and their beneficiaries by lawyers and government ministers and the JUDICIARY …is not addressed..
as long as domestic abuse committed by lowlife males on the island against women and children is not addressed
as long as RAPES AND ASSAULT of black women and children on the island IS NOT ADDRESSED…
.it will continue to go downhill..FAST
https://www.facebook.com/jackie.stewart.965/videos/1048428335366705/?t=0
@ David June 12, 2019 8:29 AM
This is pure convoluted political nonsense which needs to be addressed by changes to the Constitution.
What is this ‘heist of taxpayers’ money for? To support whom or what?
Why can’t Atherley, a pretend man of god, go back to the people who elected him to be their representative in the HoA and ask for a fresh mandate under his new green umbrella? He was elected while shading under a red parasol.
Since he claims to be a man of faith he also should be big enough (with his god’s backing) to stand on his own two ‘green’ feet presently made of ‘red’ clay.
Vox populi vox dei, not so King David!
@Miller
We elect MPs no?
Is BLP or DLP on the ballot paper?
Mr Phillips quoted a 19th century gent …but his repeated assertions of an “independently favourably assessed” economic plan causes me to recall another man born much later in that century!
The younger quote provider opined that “If you tell [an unsubstantiated assertion] big enough and keep repeating it, people will eventually come to believe it.”
Where is (are) the independent calculation/analysis of Solutions economic plan?
If Bajans reject him and his party at the polls again it will be based heavily on this lacking of evidence …his Goebbelesque propaganda will have failed!
But strange things happen in politics so an acceptance of his Solutions, untested and unworkable at a national level as many of them are, would be Bajans seeking miraculous salvation!
OFF TOPIC
The following maybe of interest to BU about the demise of BITT.
https://barbadostoday.bb/2019/06/12/bajan-bitcoin-bites-the-dust/
@ David June 12, 2019 9:21 AM
That is what boggles the mind!
Is the quarter million being unlocked for the MPs or for their “parties” which have no Constitutional presence or recognition?
@Miller
It is being unlocked to the MPs that form the official opposition however it is defined under the Constitution.
@Miller
Did Atherley say last week that there is no Budget allocated under a separate head for the LoO? His office has to rely on the good grace of the clerk of parliament.
@ David,
Should we be discussing the apparent Bitt collapse ?
@Hants
Has Bitt.com collapsed?
What has collapsed?
@ Wily
Don’t get me started on that cause about 3 weeks ago myself, Hal and Vincent get accused of being negative on the blog and against it because of concerns we raised.
Now look at what happen, next thing now they going blame people like us for its demise!
Wait until the Cartel’s mMoney bites the dust, now that will be a THING..
@ David June 12, 2019 9:50 AM
“It is being unlocked to the MPs that form the official opposition however it is defined under the Constitution.”
+++++++++++++++++++++++++++++++++++++++
There is ONLY ONE MP who makes up the “Official Opposition”.
Isn’t he being paid a salary to reflect those ‘additional’ responsibilities /duties as Her Majesty’s LoO?
Isn’t he also entitled to allowances to operate his office or surgery as the duly elected representative of the people in the Constituency of SMW as the other MPS are so entitled?
What is this $250,000.00 of taxpayers’ money for? To give to Scott We(a)therhead & Co for consultancy, speech -writing and research services rendered?
@ David.
Wait nobody ain’t tell you bitt.coin shutting down and you got to August 29th to redeem them?
How a master supporter like you didn’t know that ?
Anyhow get out you bitt wallet and hustle down there before then.
I wonder if you going get cash or maybe a BITT.BOND!
Anyhow I don’t want to see you lose them virtual pennies so get cracking!
Has the blogmaster ever defended the mining of bitcoin?
Dribbler:
We have repeatedly stated that you may seek verification that a favourable assessment was done from the now former president of ICAB. Have you done so?
@ John A
Where is the regulator?
Lets face reality
The country has fallen apart and to quote OSA it has lost its way
All the kngs horses and all the kingsmen do not have a clue how to put this 166 back together again
Hal you know we get cuss already for asking too many questions on this thing and you now asking more!
Where the regulator was when CLICO was doing the dog?
Exactly the same place.
@ David
Don’t worry I got a plan for you fellows.
Let BITT issue you fellows virtual bonds and then we going open a virtual bank for wunna to bank them.
Then every month we going send you a virtual cheque paying 15 % interest on the bond that you could then deposit into you virtual savings account in the same virtual bank.
Yes and you could then buy virtual cars with the money and thing!
I know i only talking crap, but hey in the virtual world imagination is limitless.
Wait though sinkler had this idea before me with his paper bonds with are also VIRTUALLY worthless
Lol
Think bout my virtual savings account though.
lol, lol, murdah!!!!
Piece…they gone clear…lol
ah hope yall got ya BITTCON passports…ha, ha, ha
Yes David you were a big supporter of the Bitt scam
Where ignorance is bliss ‘tis folly to be wise.
Is the regulator going to issue a public notice regarding Bitt?
@ Hal
Seriously now I don’t believe we will hear anything from him. I think his hope would be that Bitt honour all the coin out there and that come August 29th all holders are redeemed with actual currency. That way the issue will be settled without any embarrassment to the ” system”.
@ Mariposa June 12, 2019 10:54 AM
“Let’s face reality
The country has fallen apart and to quote OSA it has lost its way
All the kngs horses and all the kingsmen do not have a clue how to put this 166 back together again”
+++++++++++++++++++++++++++++++++++++++++++++
If we were to follow the audit trail left by your double dose of hypocrisy is this the same OSA you washed your mouth on when he was the Leader of the Opposition from 2011 to 2013?
Is this the same fortune-telling OSA who, sitting as an Independent, in the 2013 to 2018 parliament constantly beseeched your supremely incompetent and arrogantly cocksure Humpty-Dumpty DLP government to seek help from the IMF before it becomes too late to put the same “166 back together again”?
Barbados lost its way when it started to borrow more money from people overseas than it was earning from selling things to people overseas in order to finance its conspicuous consumption habit.
A disease simply called: “Living above your means”. And Barbados has a ‘terminal’ case of it.
Barbados is but a stone step away from the politics of Haiti
wherby everyday the people overthrow the govts
The IMF policies all but have laid the ground work for that much to happen
Imagine having to buy one small tangerine for 1.50 .
unbelivable
In MY opinion, this is a very cleverly written article by Grenville Phillips II.
Approximately one month after the May 24, 2018 general elections, a statement, signed by former Solutions Barbados members, Alan Springer, Paul Gibson and Irvin Belgrave, “itemised other concerns such as a contract used “as a control mechanism for keeping candidates in the party, lack of a democratic process and being punished if they failed to sign the original contract.”
On Saturday January 19, 2019, Opposition Leader Bishop Joseph Atherley named a team to speak on behalf of the Opposition………. and on Saturday, June 8, 2019, he officially launched his new political party, the People’s Party for Democracy and Development. These Opposition spokespersons/members included five (5) former members of Solutions Barbados, namely, Alan Springer, Irvin Belgrave, Rev John Carter, Paul Gibson and Scott Weatherhead.
I also paid specific attention to GPII’s below comments:
“Of the 28 Solutions Barbados Candidates in the 2018 General Election, 17 chose to protect the public by renewing their contracts. Of those who chose not to, approximately half found the cesspool of politics to dirty to continue, while the remainder chose to continue their quest with other parties, but unrestrained by our contract.”
“From our last general election experience, it appears to be the craving for power that can corrupt previously decent people very quickly and very easily. It also corrupts them stealthily, so that persons are unaware of how far they have fallen. It is this craving for power that led Judas to deceptively betray Jesus. Deception and betrayal are the two obvious symptoms of persons corrupted by craving power.”
“To continue to offer ourselves to an unwilling public after the next general election, is for us, to crave power.”
When I compare the events I outlined above……. with GPII”s comments…… is he making subtle references to Alan Springer, Irvin Belgrave, Rev John Carter, Paul Gibson and Scott Weatherhead…….
……… who represents the “remainder,” that were “previously decent people,” who subsequently became corrupted as a result of their “craving for power,” ….. and having “chosen to continue their quest with other parties,” ……..
……… ultimately deceived and betrayed GPII in the process?
“Bajan bitcoin bites the dust” headlines is meant to Evoke Demented Comments as witnessed here…
How was Bitt a Scam when it was your own money you were Spending? They are not taking your money they are telling you to come and Close your account. From the News we Read that they have five Parts of their company and the are Closing one part.
They are people who read with Bias Glasses and they are those who just Read Headlines and yet Reach a Conclusion.
“So of those five we are just taking away one. That means that none of those other components of our business have anything to do with cryptocurrencies.
“WE ARE CLOSING IT SO THAT WE CAN FOCUS ON BLOCKCHAIN-BASED CENTRAL BANK DIGITAL CURRENCIES AND MMONEY.
Evolving beyond a Bitcoin Exchange and wallet provider, The company will continue to provide:
• Central Bank Solutions
• license Financial Institution Solutions
• mMoney Wallet / Mobile Money Wallet Services
• mMoney Merchant/ Mobile Money Merchant Services
SO WITH THE BITT EXCHANGE AND WALLET CLOSURE, BITT WILL CONTINUE ON ITS JOURNEY TO FOSTERING A BETTER CARIBBEAN MONETARY EXPERIENCE GOING FAR INTO THE FUTURE.
https://i1.wp.com/www.gsma.com/digitalcommerce/wp-content/uploads/2015/05/Remotepayment-May-header.jpg?fit=650%2C320&ssl=1
https://www.medianama.com/wp-content/uploads/ncpi-mobile-money-transfer.jpg
Freedom believes that there are those who CLEVERLY Misconstrued GP 11 Words of Intent!
He Spoke of Temptations that Allure Career “Politicians in all of the political parties, who participated in the last general election, know that politics is not only a very dirty game, but a cesspool of some of the worst types of behaviour.”
“All politicians constantly face two main temptations, and the public always pays a very high price if politicians surrender to them.”
He said that his Party took Drastic steps by way of a Contract to protect the public and their families, by willingly restraining themselves.
GP 11 REASONED THAT THOSE ON SOLUTIONS BARBADOS PARTY TO ADDRESS THE CORRUPTING INFLUENCE OF CRAVING POWER, SOLUTIONS BARBADOS CANDIDATES HAVE DELIBERATELY CHOSEN NOT TO BECOME CAREER POLITICIANS.
Those who jumped Ship saw an opening because the party they were involved in did not win at that time. SO BEING OF THE CAREER POLITICIAN MIND SET, they Choose willingly to Choose a Party that was not Bound by Such a Moral Code of Ethics.
THEY DID NOT BETRAY GP11 SOLUTIONS THEY BETRAYED THEIR OWN MORALS AND SHOWED THEIR OWN CHARACTERS IN THE PROCESS!!
http://lorien.legolas.com/ethics.jpg
.Miller i am going run with what u have said
But going forward the task at hand is to take Barbados out of rough seas to calmer waters
Mia knows she could not get the job done
Reason why she used back door tactics and fell gracefully into the arms of the. IMF who OSA has called a govt by default which has taken full control of barbados economic affairs
These new movers and shakers are here to stay and nothing Granville or Atherley does would change the process of having the long arm of the IMF sitting at barbados economic table looking out for themselves first
Where ignorance is bliss .there is always a smidget of truth
Tek that in your pipe and smoke it
The truth being that Mia can now be called a figure head one which speaks and implement policies on behalf of the IMF
Rather you want to belive such or not what cannot be disputed is that Mia language to help the people does not match the austerity policies which were dictated to her by the IMF
@ freedomcrier
What was said here spoke solely to Bitcoin. No comments here spoke to Mmoney or any other entity. BITTCOIN has advised it is closing and has given people till August 29th to redeem their holdings. What part of that is misleading to you or you got your own agenda to defend?
@John A
Where in the closure notice mention was made about redeeming holdings?
John 22 what have you Achieved that Compares to the Young Entrupeurnal Brains of Gabriel Abed and his Company that Morph and Grew and of which he holds the Majority Shares?
Yours is an Envious Limited Myopic View whose only intent is to pull the Company down by your Condescending comments, while failing to See the Bigger Picture.
SO WITH THE BITT EXCHANGE AND WALLET CLOSURE, BITT WILL CONTINUE ON ITS JOURNEY TO FOSTERING A BETTER CARIBBEAN MONETARY EXPERIENCE GOING FAR INTO THE FUTURE.
The company will continue to provide:
• Central Bank Solutions
• license Financial Institution Solutions
• mMoney Wallet / Mobile Money Wallet Services
• mMoney Merchant/ Mobile Money Merchant Services
TRUTH DOES NOT NEED DEFENDING, IT DEFENDS ITSELF, IT SIMPLY NEEDS TO BE DECLARED!
http://mikekerr.com/wp-content/uploads/2016/02/bigstock-Bright-Idea-5453884.jpg
Respectfully Mr Phillips your remarks are political NONSENSE… WHY should I or any other Baian go to any former president of anything to ask him/her to validate a major policy proposal offered by a prospective politican?
To tell me We have repeatedly stated that you may seek verification that a favourable assessment was done from the now former president of ICAB. Have you done so? is pure absurdity in my view !
YOU have drafted the economic plan; YOU have claimed it’s veracity and validity to boost our economy; YOU have sought the verification from this gentleman (or lady) and YOU presented yourself to us offering these ‘gladtidings’…
How in heaven’s name are you asking citizens to get their OWN validation of your plan???
I am confounded by your political movementations … some are so strange that sometimes I wonder if this is some personal crusade of a Maslowesque super self actulization and you decided to take us along for your journey!
A_freaking_mazing!
@ David.
Go to barbados today and read the statement where it says ” they are closing their exchange desk by August 29th “. If the desk is closed and the coin can no longer be traded or redeemed after that date holders would have to therefore comply with that date as the last date they could transact with the coin.
Unless they plan to convert the outstanding Bitcoin held to Mmoney and let you trade what you have in that format.
That was however not stated so we can’t go forward on that assumption
@John
What was the function of the exchange do you know?
Entrepreneurial Brains of Gabriel Abed
@ David.
Personally I think it’s a good move by them to concentrate on the Mmoney as over 1000 businesses are now taking it. Once the cash out for the businesses is dealt with in a timely matter it is a fairly straight forward business.
I still would like the authorities to state if a cap will be placed on the amount of M money allowed in circulation though and how they intend to monitor and police it..
It would of had to of been the conversion point in and out of the bitt. Sort of like the bitt central bank .
What they are doing is not unreasonable in that they have given people to August 29th and They have come out from now and laid their cards on the table.
Can’t therefore fault them for the way they handled the exit from this segment of their business.
@ David.
Plus the Mmoney will be attractive to alot of the younger crowd as the transaction is practically instant. By that I mean if I pay you, you get the funds in seconds. You can then take that and buy an item in a business taking it seconds after receiving the funds.
Of course that has both good and bad in it some would argue. The questions the authorities must answer us, if they know are these. What is the amount of M money in circulation today? Secondly at what amount will the circulation be capped?
In a statement, the fintech firm advised: “After years of serving you, the Bitt Exchange will cease all operations at 4 p.m. on August 29, 2019. Since you will no longer be able to sell or buy Bitcoin via this Exchange, we ask that you close your account with us before that time and date.”
Bitt said it was closing the Exchange service to focus on its blockchain-based central bank digital currencies and Mmoney retail transaction business.
https://barbadostoday.bb/2019/06/12/bajan-bitcoin-bites-the-dust/
@ freedomcrier
Don’t worry about me thankfully I had my run and am now just crusing along and hoping to live and enjoy it, hence you know nothing about me, but usually when people lack defence they go on the offensive.
Now as for you I trust after you spirited defence based on no more but what must be personal benefit, you remember to submit your bill to them for settlement in Bitcoin prior to August 29th.
If you can not discuss and debate based on facts then find someone else to sink into the gutter of personal attack with.
@ hants
As I said to David above we can’t fault them for this decision. They have stated their case and laid their cards on the table from early giving fair notice of their intention.
Once the closing of the exchange goes smoothly then it is no more than a business call that they are entitled to make.
On the Mmoney side though the authorities need to come to us with answers in terms of regulation, current volume in circulation and what cap if any will be placed on its circulation to protect all involved.
For the loyalist incapable of understanding why this is important I fear there is little I can add.
Not so fast….
Slow down
Can you tell me what ” Since you will no longer be able to sell or buy Bitcoin via this Exchange, we ask that you close your account with us before that time and date.” means.
Does it mean I have to sell my bitcoin to someone at Bitt who will hoard them and with the hope that the price reaches $1000,000?
Do these customers really have bitcoins (redeemable anywhere) or do they have Bittcoins (redeemable only at Bitt)?
Bitt hold the bitcoins…
Slow down
It is all in the FAQs on the website.
Go and read.
Who are the elected officers of Solutions, apart from Junior?
Hi..
What became of the sandbox that Mia was creating for Bitt to play in?
Do we still need sandbox?
@The0gazerts
Ah now that is where I said earlier the authorities need to come in and ensure that the consumers are protected and fully redeemed. The company has made its intent clear. The authorities now must ensure that all who have approached them for redemption have been properly dealt with.
I have asked on earlier blogs as to the value and volume of this in circulation and gotten no answers from the authorities.
If they don’t know how will they know if full redemption has in fact taken place on August 30th?
@ David: June 12, 2019 1:54 PM
“Did Atherley say last week that there is no Budget allocated under a separate head for the LoO? His office has to rely on the good grace of the clerk of parliament.”
+++++++++++++++++++++++++++++++++++++++++++++++++++++++++
Now this provides a different perspective to that of being entitled to taxpayers’ funding because he now represents and leads a political party machinery in parliament.
If the money is for the funding of the office of the Constitutionally-recognized Leader of Her Majesty’s Loyal Opposition then what is the problem?
Why is that Office which is necessary for the wheels of the Bajan Westminster government to turn being denied funding?
Did it occur under previous holders like Thompson and Arthur?
Why now?
Which office/ agency of the Executive Arm of the State is responsible for the Affairs of Parliament?
If the PM then it certainly leaves a lot to be desired.
What a massive oversight by the MoF while trying to pander to BERT!
Bitt’s web site has improved in appearance;
The consumer part of it is very smooth and shows great creativity.
There is no mention of Bitcoin
They scared me a little though .Went to part of the site and they mention “white label”
My head start to spin
white label
Black label rum
Black Oak rum
White Oak
The use of the phrase “white label” at the this time may not be the best PR move
@ David
Yes the guys have laid the facts out no problem. What we are asking from the authorities is what supervisory plans do they have in place to monitor the transactions and final closing.
I mean this is a chance for government to test what legislation is in place to protect us in such events.
Ogazerts concerns are therefore fair ones.
In financial services, white label means branding a product as yours when in fact it is run by another firm from behind the scene.
FAQ does not address the questions asked.
Bitcoin is mentioned nowhere on the updated site..
Perhaps the FAQ you were provided with is different from that online 🙂
It would for instance be of interest to find out if at the close of business today the government Can tell us the total value of bitt in circulation.
How close a hand does government have on information like this?
Do they get up to date info daily, weekly or monthly for instance?
These are The questions that need asking of government not the guys at BITT.
@FC
In the diagram you provided..
Who is the NCPI with the two eyes..
A bit too dark to be Rawdon..
Do I have fun????
@ The0gazerts
You too like to ruffle feathers. Lol
John 22 what have you to do with Freedom, it seems like you have something stuck in your Windpipes that is Emitting a Fowl Stench. As recalled you were the one who Lurched and accused Freedom of having an agenda to defend?
Freedom has no Interest in the Bitt Company and certainly does not mind debating, what Freedoms Objection was the Mis-Characterising of a Successful Local Company by you and others!
RE “I still would like the authorities to state if a cap will be placed on the amount of Mmoney allowed in circulation though and how they intend to monitor and police it… On the Mmoney side though the authorities need to come to us with answers in terms of regulation, current volume in circulation and what cap if any will be placed on its circulation to protect all involved.”
Why would you want to Police a person’s money…It is their own money…It comes from their own Bank Account to the Mmoney Wallet. Therefore, what does that have to do with Policing it coming Legally from a person’s Bank Account to the Mwallet…That is like Transpiring it from your Left Pocket to your Right Pocket.
JOHN 22 YOU HAVE BEEN SO INDOCTRINATED YOU THINK EVERYTHING SHOULD BE POLICED…THAT IS A REAL LEFTIST TYRANNICAL PHILOSOPHY!
RE “Of course that has both good and bad in it some would argue. The questions the authorities must answer us, if they know are these. What is the amount of M money in circulation today? Secondly at what amount will the circulation be capped?”
Mmoney does not Create they take your money and put it in a different Platform and it is moved where it wants to go where ever you spend it and it is also tracked through Block Chain.
https://i.pinimg.com/originals/e2/ef/94/e2ef94db6e28e64a23c73db86c919b39.jpg
Wuhloss……the Cartel unhappy..
@FC
I sent your drawing to my financial team and they provided me with a report.
To: TheOGazerts Restructuring Company (Our fees do not exceed $10M)
From: TheOGazerts Investment Division
Re: Schematic
Mr Gazerts, the schematic has a level of complexity that is not required. for your financial transactions.
You have often sent large sums of money (directly) from your bank to my bank and your bank immediately sends an email indicating the transaction has occurred. There are no third persons (NCPI) involved.
The schematic does not signal an advance of technology, but is similar to someone going to Western Union (a third party) and transferiing money.
We cannot assess how the third party will be involved or will makes it money and expect that at some stage there will be fees attached to these transactions.
Please ask FC for additional schematics
BTW…people are complaining that large amounts of money they have in the banks in Barbados…now HAD…HAS DISAPPEARED…and the BANKS cannot give a valid explanation on why thousands of dollars are disappearing out of people’s bank accounts..
Get your money out of the banks in Barbados….OR REGRET IT.
BU would not talk about tjis issue
The govt is not being transparent about this issue
Truth unlike milk does not sour
Now go ahead and cuss the messenger
Government has racked up about $143 million in arrears on its foreign debt.
The amount was accumulated between June 2018, when Prime Minister Mia Amor Mottley suspended debt payments due to external commercial creditors, and the last 12 months.
Former government Senator Jepter Ince made this disclosure, while stressing “we are heading for trouble”.
“So, when the Democratic Labour Party demitted office our foreign debt was BDS$1.6 billion… The new government hasn’t paid a cent in foreign debt since May 24, 2018. I am therefore challenging the Minister of Finance – if Jepter Ince is wrong, then come say to the public ‘Jepter Ince you are a liar!’ We are now running arrears of $143 million on our foreign debt.”
Ince, who ran for the DLP’s St. George North seat in the last general election was at the time addressing the public meeting “One Year Later: Who is Smiling Today” held at The St. Michael School on Sunday night.
He explained that every country that defaulted on its international debt have run the risk of devaluation.
Moreover, he has called on Prime Minister Mottley, the Minister of Finance, Economic Affairs and Investment not to turn a blind eye to the arrears.
“Nobody talks about the arrears, even the Central Bank doesn’t talk about the arrears on the international debt. I am saying to them deal with those arrears because every country in the world that defaulted on its international debt and ran arrears had a devaluation and I do not want that for Barbados… Come and tell the public what is happening with our international debt and the arrears.”
Ince further pointed out, “They said to the public of Barbados that our foreign reserves were in dire straits. But, despite all of the talk about the foreign reserves none of the car importers in Barbados complained about not being able to bring in vehicles. Every crop over the stores were filled, nobody complained about the shortage of goods. None of the supermarkets complained about the shortage of goods.
“Now they are borrowing money to prop up our foreign reserves… The Democratic Labour Party said that we are going to try to earn foreign reserves, that we would borrow if it is necessary. So, when you hear all this talk about foreign reserves up with borrowed money, we are running this country down a dangerous path in the last 12 months on borrowed money
May 24th 2018 would go down in the history books as the day bajans cast their vote that tied a hangmans noose of economic regression around their necks
Let’s not be fooled this regression can go on for years as the hangman tightens the noose in search of more blood
The biggest irony is if a general election were held tomorrow the DLP is neither ready to contest or would they win a single seat, again.
The path that this govt has placed this country makes it easier enough for any opposition to win
When people feet are being placed on hot coals and some one steps in to remove the offer is accepted
Last govt lost at the polls and right now it is also being revealed that the people is losing big time as govt press forward with a hostile economic agenda that makes life unbearable for the people
@ freedom
Let me break it down for you what is meant when the word ” police” is applied to capital.
Let us say for easy discussion that M money is a new currency being infused into the system. The M is being sold to buyers for local currency, so the M money replaces the real money as a way of commerce agreed?
Ok so we now have say only for discussion, 1000 units of M replacing 1000 bds dollars. So where the regulators must get involved is to ensure the ability of the companies who take the M to always be paid in real currency.
So if my rum shop takes M from a client for payment of an item, I have to then be guaranteed that I can present those M’s to your people for real money. That is where the authorities come into play as they must Police the system ensuring balance is kept.
Now remember the Ms once sold to the buyer are owned by the buyer. When the buyer goes to a store and buys, the M is then owned by the store. So when you say why I want the ” authorities to police people money, ” the money stop belonging to Abed from the time the client bought it. The system therefore must protect the buyer of the M and the company that is paid with the M.
If that is not done and balance ensured, it is there at that point that any currency, be it digital or otherwise will collapse leaving the holders of it holding the bag.
The authorities must therefore establish how much M they are comfortable with in the system and cap it at that. This then protects all involved.
It’s like a company trading on the stock exchange for instance, they just can’t sell shares because they feel like. The shares issued must be supported by the financials of the company and their ability to carry it.
Hope that helps to explain my concern as it has nothing to do with my personal view of the owners, as I don’t care about personalities or politics.
Mariposa you really repeating what the physical deficit man said at the Dems headquarters?Mr Ince was part of the Dems economic team that caused Barbados 24 downgrades to virtual junk bond status.Why would any bajan want to hear any advice coming from him,perhaps with the exception of of Fractured Dunce and yourself ,T Inniss seems to have left you high and dry.In my view ,Mr Ince ,Ms Depeiza,who suddenly wants transparency but none when Mr Stuart was silent,and Mrs Sandiford -Garner and you could all take a hike,as few wish to hear anything from any of you.
@ John 2 2 …RE “These are The questions that need asking of government not the guys at BITT.”
Why don’t you ask the Banks that? BITTS Business is Minuscule compared to the banks.
You’re Mistake as far as Freedom Understands it’s that BITT takes your Deposit and gives you an Electronic means of Spending your own money. The person who receives the money pay a small Transaction Fee compared to what the Banks Charge.
You have your money as Electronic money instead of Paper money or money in a Bank. And you now want to put somebody in-between your money and your money, besides it being the most protected form of money being exchanged by it using Bloc Chain.
If Freedom had to guess you worked for some type of Government Organization or Semi Government Organisation or some Financial Institution whose whole life is surrounded and Controlled by Rules and the Observance of those Rules.
It never matters how much money is in the System, it is like your money in the Bank. Do you Question how much money the Bank has?
On Top of That you Do Not Question how a Bank Manufactures money!
If you sell your house for a Million dollars, you do not walk around with a Million Dollars you put it in a Bank thinking it is safe. The bank pays you a ¼% Interest and they lend it out for 5%. The man that they lend it too end up getting say $800,000 the other $200,000 goes to the Central Bank (I think they call it Central Banking Reserves). The man with the $800,000 buys goods and services from people who deposit money in the Bank. The Bank lends out $640,000 with the $160,000 that is missing that goes to the Central Banking Reserves. Then they lend it to someone who wants to buy a house for $640,000 and it goes on and on. And the $640,000 is lent as $518,000 is lent as $409,000 is lent as $324, 000 is lent as $256,000 is lent as $204,000 is lent as $164,000 is lent as $130,000 is lent as $104,00, is lent as $82,000 is lent as $66,000, is lent as $53,000,…Now let’s Add how much they have lent on the million Dollars. So with your One Million Dollars that you put in a Traditional Bank, the Bank has lent so far $3,670,000.
So in Essence, the Bank is giving you a ¼% for your Million Dollars and is Charging Customers 5% when they lend them $3,670,000
.
On Top of That, you think that you Million Dollars are in the Bank, but they have already accumulated $3,670,000 in Debt for that Million.
BITTS Mmoney is not a Bank so they do not Manufacture the money like a Bank do, Every Dollar in Mmoney, is backed by $1 Bajan.
In the Bank every Dollar you put in there is Loaned out for 3.6 times the Dollar. The Amount in Loan by the Banks, Barbados does not have it in paper money. It is All Fictional. Because you believe it is so then it must be so.
Why do you think that Banks want you to put your money and to Deal with it all Electronically? It is All done through I.O.U.’S and you want to Police Mmoney? You have to be Kidding!
Any New Way of Handing Money like Mmoney has to be Allowed to Grow first. It has a Big Potential …Let it Grow!
https://i.ytimg.com/vi/jSNXxShN2k8/maxresdefault.jpg
@John A
I was about to put you in for a promotion, but it seems as if the firing of small arms alarms you.
May have to keep you in the trenches and away from HQ.
Have a great night
@ Lorenzo
Can’t you see Mariposa is a DLP yardfowl?
Verla Depieza and her gang of DLP misfits/thugs are doing the same thing as Mottley when she was in Opposition…..
…… criticising everything the government has been doing and asking people to protest and speak out against the government.
But after ONE YEAR, Depieza and no other member of the DLP HAS 9not brought any solutions to solve our economic woes.
@ Mariposa
“Now they are borrowing money to prop up our foreign reserves… The Democratic Labour Party said that we are going to try to earn foreign reserves, THAT WE WOULD BORROW IF IT IS NECESSARY. So, when you hear all this talk about foreign reserves up with borrowed money, we are running this country down a dangerous path in the last 12 months on borrowed money
So the DLP BORROWED when it was necessary ( CS loan).
They would have BORROWED AGAIN IF IT WAS NECESSARY.
What kind of RH logic you and Jesper trying to push?
DLP BORROWED and would have BORROWED again but the BLP wrong to BORROW?????
COME AGAIN!!!!!
@Grenville Phillips II.
To repeat the question asked by Hal Austin, who are the other elected office holders in Solutions Barbados? I find it unbelievable that having lost all the prominent member of your 2018 election slate of candidates to Joe Atherley’s group, you have the gall to tell Barbadians an AGM was held and you were re-elected president. Were a vice-president, secretary and treasurer elected at the AGM? The same question must be asked of the People’s Party for Democracy and Development and that is why I referred to it as a group. What is even more worrying about Atherley’s group is his statement regarding informing the authorities of his party’s existence since November 2018.
Are these political parties or clans you guys formed?
“To tell me We have repeatedly stated that you may seek verification that a favourable assessment was done from the now former president of ICAB. Have you done so? is pure absurdity in my view!”
“YOU have drafted the economic plan; YOU have claimed it’s veracity and validity to boost our economy; YOU have sought the verification from this gentleman (or lady) and YOU presented yourself to us offering these ‘gladtidings’…”
de pedantic Dribbler
You are correct!!!
Is Mr. Phillips II FORCING the electorate to ACCEPT the ASSESSMENT of ONE individual because he/she was a “FORMER PRESIDENT of ICAB?”
What about an assessment from the Barbados Economic Society (BES), or UWI’s Department of Economics, or from Michael Howard, Dr. Delisle Worrell, Marla Dukharan or any other economist?
I cannot understand why Mr. Phillips II is COMPLICATING this simple issue, when he could simply present the assessment for our perusal.
Similarly to how he is always on about having Solutions Barbados’ economic policies in the public domain for the past few years to undergo “vigorous scrutiny,” why can’t he present this “favourable assessment” for vigorous scrutiny as well?
Hmmmmm……
Seems as though “Looney Toons” is the self-appointed Solutions Barbados’ “public relations officer” and the official interpreter of Mr. Phillips II’s “words, thoughts and deeds.”
Ironically, Alan Springer, Paul Gibson, Scott Weatherhead and Irvin Belgrave, who were at the helm of disputes within Solutions Barbados, and are among the 5 former SB’s candidates that joined Atherley.
“Looney Toons” wrote: “Those who jumped Ship saw an opening because the party they were involved in did not win at that time. SO BEING OF THE CAREER POLITICIAN MIND SET, they Choose willingly to Choose a Party that was not Bound by Such a Moral Code of Ethics.”
But read what Mr. Phillips II wrote:
“The second temptation is far more sinister – and permanent. It is the corrupting influence of power.”
“From our last general election experience, it appears to be the craving for power that can corrupt previously decent people very quickly and very easily. It also corrupts them stealthily, so that persons are unaware of how far they have fallen. It is this CRAVING for POWER that led Judas to deceptively BETRAY Jesus. DECEPTION and BETRAYAL are the TWO OBVIOUS SYMPTOMS of persons CORRUPTED by CRAVING POWER.”
“To ADDRESS the CORRUPTING INFLUENCE of CRAVING POWER, Solutions Barbados Candidates have DELIBERATELY chosen NOT to BECOME career politicians.”
Since, according to “Looney Tunes,” these 5 guys are “OF THE CAREER POLITICIAN MIND SET,”……….
………obviously means, (and according to Mr. Phillips II), they “succumbed” to “the second temptation” ………… “the corrupting influence of craving power.”
And, also according to Mr. Phillips II, “DECEPTION and BETRAYAL are the TWO OBVIOUS SYMPTOMS of persons CORRUPTED by CRAVING POWER.”
Who are the other elected officials of Solutions, apart from Junior, the president?
My question to all blp supporters and govt when will be a commitment to the people of having an economic growth plan in helping to remove the buden of taxes placed on the backs of the people
This contiuation of high taxation double with out of control high prices is unconscionable and should be adressed by govt
Talk of increase foreign reserves does nothing to help the poor pocket books
The answer, it took 10 years for the DLP to pull the country to junk, it will take more than one year to drag it back up.
David your answer is a yard fowl response
Furthermore the last govt did not build a 15billion debt in 10years
Unless u have Alhemzeir the present leader Mia was a minister in a blp govt that reigned for 14years that helped contribute to the debt
Coming from you that is a compliment because it redefines the word yardfowl. No go back to Andre and Irene’s Facebook wall and gather.
David u still did not answer the question of govt creating a sustainable growth plan
Your attacking me speaks to your mindset of protecting this govt intention of pain snd suffering on the people
@ David,
the BLP should introduce a bill to honour the last iteration of the DLP for pulling “the country into junk” in just 10 years after it was handed a pristine,well run civil service and economically stellar island by Owen Arthur and the BLP.
if that doesnt qualify for honours i dont know what would
Blame the people, we prefer to play ring a ring a roses around the mulberry bush.
What was the DLP growth plan and how much growth did they achieved when they governed?
@The0gazerts
A revolver in the hands of one of Hitler’s followers could of killed the same way a bomb from his planes would have back in the day.
I think I going stay in the trenches with you cause they got some fellows out there that shooting wild with the hope of hitting anything!
David 5:30 PM Yesterday
Why are you talking about a general election already?
Bajans just decided that this guvment should be in office for five years.
@Pacha
A political party is suppose to be a government in waiting. What if an unforeseen constitutional crisis hit us next week?
@ Mariposa,
Spot on. So far the government has failed to publish its growth plan. What I find worrying is that the president has an army of economic advisers and all they have so far come up with is BERT, a default mechanism, along with mass sackings.
I am also concerned that at least Professor Persaud is familiar with the UK’s financial sector and, at least publicly, none of the basic ideas have been fed through to Barbados. Is it because his advice is ignored, or he does not see the need for them in Barbados?
By the way, ignore David BU. His understanding of financial economics, his reasoning and his political understanding are elementary.
Watch out for his fan club.
Seems like the repeating attacks would continue
Nothing of substsnce which will highlight govt growth plan
I guess those responses are meant to be well contented with govt keeping the people feet to burning hot coals
Did not this govt promised a change for the better as in giving people a better chance of improving their lives
I am truly dumbfounded that no one in the media has asked govt to submit a growth plan
At least a plan that would focus in rebuilding an economy without the need for ongoing borrowing
All that is being heard is this giant hand clap about increase reservers followed by a long handshake from the IMF to the govt
However it seems no one seems to care or even want to care about barbados social enviroment in rapid decline as the murder rate increases
Govt flip flop on promises made making it necessary for individuals to have open protest outside parliament crying for help
Again..did ALL BLP YARDFOWLS DIE……..of SHAME..lol
@ Mariposa,
Watch out for the sleight of hands. it is all voodoo economics. Part of the problem in Barbados is the media. Where is the growth going to come from? More hotel rooms? Tourists flocking to Westbury Road to see where Rihanna came from? Making Rihanna a national hero? Importing the waifs and strays from India, Lebanon, Europe and other Caribbean islands?
Think about all the whopping increases in less than one year under present govt
Bus fares
Rent
Land taxes
Vat
Taxes on products bought from Amazon
A whopping increase in departure tax
Water incresses
All in one year
Yet the blp yardfowls pretend that this country and people livelihoods are financially and economically secure under this govt.
Blp supporters where is the financial ease in those items i mentioned that govt promised to the people
Mariposa
Keep calling loud and clear to see the growth plan.
I cannot remember seeing one from the DLP or hear you calling for one.
For 10 yrs all I was hearing was about a stabilization plan and then multiple adjustment to said plan. A few months after each adjustment was a downgrade or two and another adjustment
All of a sudden you want a growth plan?
@John 2
Do governments create growth plans or policy to support private sector investment. Question asked against the background of a government that his resource poor at the moment read aggressive privatization.
@ David June 13, 2019 7:40 AM
Your political crisis scenario is highly probable given the extremely stressful situation under which governance is taking place.
The expected rise in world oil prices as a result of the tensions in the Gulf of Oman is going to affect significantly the health of the Bajan foreign reserves.
A cocktail of persistent economic challenges mainly hurting the masses and growing social decay can only lead to political atrophy and societal dystopia especially at the leadership levels.
The political cancer caused by the death of Thompson continues to ravage the body of that dying lying party (DLP) with the ghost of the eager eleven still hovering in the air.
Fumble Stuart may not have been the undertaker of choice but he did a damagingly good job of being the caregiver in its dying days.
How can the DLP ever turn into a phoenix when the likes of Jepter “the physical deficit jester” Ince is still snooping around informing economic and monetary policies?
Now where is Solutions Barbados or even the UPP when required in their country’s greatest hour of need and moment in exceptional leadership?
Well i belive from May 24th there was a new govt
Therefore in my humble opinion it is only fair and right for the people to ask of this govt a Growth Plan
Those who do not like the question of govt creating a growth plan is enabling this govt in their support for govt creating more debt to be handed on to future generations
Just in the same manner and likeness the blp supporters attacked past govt for increasing debt the same aporoach should be meted to this govt in the manner in which they have placed the country on another step downward to financial doldrums
The pretensive modus operandi of talking about increase reserves is just another facade clouded in smoke and mirror policies which cannot be ignored or swept under a rug
MARI
You forget the water tax, the hotel tax, the gas tax and the departure tax plus the layoffs.
.
Taxes and no growth plan but yet growth is forecasted for next year.
Achieved the stabilization the DLP was searching so long for over 10 yrs in one year
Look at this
https://www.nasdaq.com/article/creditors-prepare-to-push-back-on-barbados-debt-proposal-20190612-00956
A few more torpedo hits in the Persian Gulf, and the price of oil rises like a rocket.
But don’t panic! Our government can simply ship 10,000 expendable civil servants to Great Guyana, so that they can work decently in the new Dubai of the Caribbean and send US dollars home.
The Barbadian middle class has not used its chance for 50 years, although the government has fed them continuously. Now is the time for the middle class to repay its moral debt.
What growth are u speaking of.
All i know is barbados dependant on Tourism
Without a sustainable growth plan there will be no growth and govt has yet to submit such a plan in Parliament
Paying debt is not considered a Growth Plan
Btw John bring the growth plan numbers in accordance to what u stated about barbados