Trapped by Financialzation

“The lost decade since the financial crisis is living up to that old adage that when you get economists in a room, you’ll get eleven opinions. The old guard is unable to explain to people just what on Earth is going on”Grace Blakeley

A pulse check of the level of debate concerning all matters affecting Barbadians in this space and elsewhere has fallen short of the mark, IF, we are to be regarded as an educated people. Of concern is the gimmickry we accept from our political and civil leaders instead of reasoned perspectives and efficient implementation of projects. Some say this is where education has failed us.

Many of us align to views based on political allegiance, school tie, built up neighbourhoods and the like. In recent days this blogmaster has retreated from the incessant stream of nonsense which abounds to read. On the bed stand is the book Stolen (How to Save the World from Financialisation) by Grace Blakeley. Although Blakeley’s focus is on the United Kingdom and USA her observations are relevant to Barbados given we are an island buffeting in the exhaust of global turbulence.

The relevance of what financialization to the Barbados space defined in the book as the

…increasing role of financial motives, financial markets, financial actors and financial institutions in the operation of the domestic and international economies. In other words, financialzation means more and bigger financial institutions – from banks, to hedge funds, to pension funds – wielding a much greater influence over other economic actors – from consumers, to businesses, to the state (blogmaster’s emphasis)…

should be of interest given the approach being undertaken by government to stabilize the economy. It seems we have wired our success to a financial model sector as a means to fuel growth. A good example is the ease we accept asset growth in the financial sector which translates to household and commercial debt and – wait for it – a widening current account deficit.

The blogmaster posits that a variant of financialization has exposed  itself in Barbados by the wholesale sell out of local companies fuelled by the expectation of shareholders to maintain profit margins. The government cannot dictate or influence credit or pricing policy given the close 100% ownership of the financial sector. Local players cannot influence the price of food because the major supermarkets and wholesalers are foreign owned. Even the entertainment space is controlled by foreign agents.

The author makes the point that households traditionally worried about wages and wage bargaining, these days they worry about debt. Businesses historically focussed on producing a quality product or service in a market space there had a competitive edge or advantage, these days it is about monitoring share price, dividend scheme,s borrowing and watching key performance metrics. For both individual and business it has become fashionable to borrow more than earn. Therein lies the problem – a conspicuous consumption model fuelled by greed.

To the blogmaster’s simple way of thinking we have a financial system that prey on the establishment by extracting interest earned from burgeoning debt. In such a model only the owner of capital will benefit from the riches.

The thesis position of the book is that we are living through the tail end of finance-led growth and that every capitalist model must end in crisis. It is up to Barbados to position itself to be able to rise like the proverbial phoenix from the ashes.

In recent years successive governments have borrowed and borrowed to respond to the lifestyle needs of consumers.

And so here we are.

 

153 comments

  • Thank you for the note that confirms my comment about the prospects re Guyana.

    The question is how our government can make it easier for the Guyanese to invest in Barbados. After all, all the wealth cannot be invested in Guyana alone.

    My proposals:

    automatic acquisition of Barbadian citizenship for all Guyanese who buy a property worth at least USD 1 million in Barbados.
    Barbados takes over the dynamic and valuable Guyana Dollar
    Tax privileges for Guyanese in Barbados (permanent duty-free shopping, hotel concessions etc).

    Like

  • Hants September 15, 2019 9:27 AM RE..@ Vincent,
    Grace Blakeley is a British economics commentator and a research fellow at the Institute for Public Policy Research. She is a democratic socialist, a supporter of the Labour Party and sits on the party’s National Policy Forum…”

    THAT SAYS IT ALL; THIS ARTICLE SHOULD HAVE BEEN TITLED…SOCIALISM 101.

    Socialist do not know how to Create Wealth they only know how to Confiscate by force by Excessive Taxation, while retaining 70% for Bureaucratic Bullocks and Trickle Down the Remaining 30% left to appease we the Serfs.

    Like

  • Vincent Codrington

    O shirt!

    Like

  • @ Tron September 16, 2019 9:06 AM

    Of course Comrade Commisiong was nothing but a mere irritatingly legal fly around the eye of a milking cow.

    What you are insinuating here is that the construction of the Hyatt hotel was to be financed by way of FDI; not so?

    This was never stated either by the local ‘representatives’ or supported in any of the many utterances by the ministers of Tourism and Finance or even the puppet governors of the Central Bank.

    Don’t you think that such a massive inflow of FDI would have made a world of a difference in making the Hyatt dream come true just like what took place with the Sandals sweetheart deal?

    What you, Tron (and “Enuff”, btw) should be asking for is the collection of the large amount of duties and taxes waived on an imported luxury vehicle being driven around Barbados by a ghost working at a hotel that does not or will ever exist; whether FDI or NIS money is involved.

    How much did your man Stinkliar get from this kickback of a waiver other than financial support towards his failed electoral campaign to take Barbados finally to the economic junkyard?

    Like

  • @Miller

    Trump sacking Bolton shows he is not all idiot.

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  • Miller,

    Hyatt is a small sideshow. In the future we have to get used to having permanent zero growth, …

    … unless the Guyanese invest their oil dollars with us.

    Like

  • • David September 15, 2019 10:14 AM RE…”@Vincent
    There are risk mitigation steps we can take i.e. weaning the country more aggressively from fossil based energy. Do not subscribe to your resigned approach. Never will.”

    Blog Master… Why Persist in the Energy Hoax Unless BU is one of those Media Outlets Being Paid to Continue the False Narrative? From Close observation it is Highly Probable that Vincent is not Buying the Climate Change Narrative! Many are Awake why Not the BU Blog master?

    MASS INDOCTRINATION…

    Liked by 1 person

  • BLOGM ASTER…NASA ADMITS THAT CLIMATE CHANGE OCCURS BECAUSE OF CHANGES IN EARTH’S SOLAR ORBIT, AND NOT BECAUSE OF SUVS AND FOSSIL FUELS

    (Natural News) For more than 60 years, the National Aeronautics and Space Administration (NASA) has known that the changes occurring to planetary weather patterns are completely natural and normal. But the space agency, for whatever reason, has chosen to let the man-made global warming hoax persist and spread, to the detriment of human freedom.
    It was the year 1958, to be precise, when NASA first observed that changes in the solar orbit of the earth, along with alterations to the earth’s axial tilt, are both responsible for what climate scientists today have dubbed as “warming” (or “cooling,” depending on their agenda). In no way, shape, or form are humans warming or cooling the planet by driving SUVs or eating beef, in other words.

    But NASA has thus far failed to set the record straight, and has instead chosen to sit silently back and watch as liberals freak out about the world supposedly ending in 12 years because of too much livestock, or too many plastic straws.

    In the year 2000, NASA did publish information on its Earth Observatory website about the Milankovitch Climate Theory, revealing that the planet is, in fact, changing due to extraneous factors that have absolutely nothing to do with human activity. But, again, this information has yet to go mainstream, some 19 years later, which is why deranged, climate-obsessed leftists have now begun to claim that we really only have 18 months left before the planet dies from an excess of carbon dioxide (CO2).

    Friday, August 30, 2019 by: Ethan Huff

    Read More @ Article… https://www.naturalnews.com/2019-08-30-nasa-admits-climate-change-not-caused-by-suvs-fossil-fuels.html?fbclid=IwAR2ft6iaRbkA-E14zzHexKOto9eZxFeO0Fr54vXhCfRn5koWH83ba9QoQE0

    Image… https://www.naturalnews.com/wp-content/uploads/sites/91/2019/08/Planet-Earth-Burning-Global-Warming-Concept-Elements-Image-Furnished-Nasa.jpg

    Liked by 1 person

  • @ Tron at 9:57 AM

    It is a new day.
    Do you not think it is time to switch the comedy? Why do you believe that Guyana owes it to Barbados to share its oil revenues?

    Like

  • I don’t think Tron is interested in being serious. He seems to fancy himself as a comedian. Not a very good one, I’m afraid. I think I’ll stop reading his stupid posts. He is actually worse than Loony Tunes. I can at least follow her line of thinking even if I strongly disagree. Tron is just all over the place with his daily droppings.

    Like

  • @ Tron September 16, 2019 9:57 AM

    What is there in Barbados for Indo-Guyanese to invest?

    The ‘import and sell’ commercial sector is already controlled by non-African Trinidadians.

    The only thing left for Indo-Guyanese to take over is the idle tracts of the former Clico plantations in order ‘employ’ in the cultivation of marijuana that excess amount of black Bajans who cannot find ‘wuk’ on the other modern-day plantations called hotels.

    As is your ‘Refrain’ the Barrow welfare state experiment has been a dismal socio-economic failure but a galloping success in turning back the hand of time by remaking the Barrow children into economic serfs of the book-learnt variety.

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  • @all

    Just make your comments and ignore those whose job is to divert serious discussion.

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  • @Miller, Donna et al. You’re all still laughing at me, calling me a lunatic. But soon no more. I am much closer to the developments in the region than you think in your wildest dreams.

    “Share”? I never said that. I was talking about investments, i.e. using money in exchange for profit.

    Barbados has a lot to offer. The Guyanese could take over many hotels, finish the ruins, buy up the Williams brothers’ business, run the drug trade, casinos, pay parties and much more.

    That the locals have nothing to say is obvious.

    Anyway, Tron’s taking a long break now. You will miss me very much. He returns to the dark valleys with their waterfalls to ask the forest spirits. Mawu and Oya shall protect you in the meantime!

    Like

  • Blog Master, Freedoms Comments were in Response to your Dialogue all within this this BU Discourse…Why is Freedoms Remarks in Moderation for over Two Hours.

    Freedom Crier September 16, 2019 10:02 AM
    Freedom Crier September 16, 2019 10:07 AM

    Like

  • @Tron
    The corporate tax rates fell? It is the total myriad of concessions which are guaranteed and predictable. Tax doesn’t bother many hotels as the money never reaches Bim anyways. They are more concerned about taxes they collect and remit, as it increases visitor cost.
    What you have avoided, and this doesn’t relate to a specific party, is the confidence factor in BDS remains low. As long as the IMF is in town, this limits GoB flexibility.
    Investors know this.

    Liked by 1 person

  • @ Tron September 16, 2019 10:44 AM
    “Anyway, Tron’s taking a long break now. You will miss me very much. He returns to the dark valleys with their waterfalls to ask the forest spirits. Mawu and Oya shall protect you in the meantime!”
    +++++++++++++++++++++++++++++++++++++++++++++++++

    Tron, the miller will never consider you to be a lunatic.

    Far from it, you do come across as a person quite knowledgeable of the ‘blacks condition not only in Barbados but right across the African Diaspora.

    Here you are referencing “Mawu and Oya” while the naïve silly black Bajans talk about similar Jewish fairy story characters like Yahweh, Moses, the virgin Mary and her ‘fatherless’ son baby Jesus.

    How can a people ever be free and respected by other races while they live in a fairy-tale world made of milk and honey and singing angels?

    Even the Vatican (and definitely Canterbury) has dismissed those far-fetched fables made up of puerile nonsense which any 5 year old child of the 21st century would spot as inconsistent bulls**t from afar.

    Like

  • @ Vincent… You may also find this Article Interesting and Enlightening…

    CLIMATE CHANGE HOAX COLLAPSES AS NEW SCIENCE FINDS HUMAN ACTIVITY HAS VIRTUALLY ZERO IMPACT ON GLOBAL TEMPERATURES
    Friday, July 12, 2019 by: Mike Adams

    (Natural News) The climate change hoax has collapsed. A devastating series of research papers has just been published, revealing that human activity can account for no more than a .01°C rise in global temperatures, meaning that all the human activity targeted by radical climate change alarmists — combustion engines, airplane flights, diesel tractors — has virtually no measurable impact on the temperature of the planet.
    Finnish scientists spearheaded the research, releasing a paper entitled, “No Experimental Evidence for the Significant Anthropogenic Climate Change.”

    The paper explains that IPCC analysis of global temperatures suffers from a glaring error — namely, failure to account for “influences of low cloud cover” and how it impacts global temperatures. Natural variations in low cloud cover, which are strongly influenced by cosmic radiation’s ability to penetrate Earth’s atmosphere due to variations in the strength of our planet’s magnetosphere, account for nearly all changes in global temperature, the researchers explain.

    Read more @

    https://hoax.news/2019-07-12-climate-change-hoax-collapses-new-science-cloud-cover.html

    Liked by 1 person

  • The stories are meant to convey a message. Some people chose to take them too literally.

    PS. Just so you know – lunacy does not mean idiocy. or ignorance.

    Liked by 1 person

  • John A requested the blogmaster to post the attached report to debunk much of the crap being posted on this blog as it relates to FDI.

    https://barbadosunderground.files.wordpress.com/2019/09/wir2018_overview_en.pdf

     

    Like

  • Vincent Codrington

    @ Donna at 7 :18 PM

    Many of the stories should be understood as Midrash. The modern Christian approach to religion is transformative. It speaks to our relationship with each other. I usually avoid discussions with commentators that set up straw gods that they can lick down.

    Like

  • Thank you, Freedom Crier.
    I do think we need to view these cries of conspiracy from many perspectives. We ,as a people, tend to be trend followers. I find that sad for a nation that spends such a large portion of its budget on Education. If the sum total of our education is not the development of critical thinking ,we have failed miserably.

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  • What is there about such an innocuous statement that requires modification. Some body is really working overtime.

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  • @ David BU at 7:30 PM Yesterday

    Please note the report is from UNCTAD. Its mission is to promote economic development through fair and free trade. Is there a conflict between free trade and food security ?

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  • @Vincent

    There is no conflict. We can commit to free trade fashioned to serve our circumstance. We cannot afford to go with the flow. To have unbridled taste for all things. We have to nurture consumption behaviours to align with national interest.

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  • @ David Bu

    The national interest and the consumption behaviours of its citizens should not be in conflict. You are saying that your concept of the national interest supersedes the citizens unbridled taste. Who is the dog and who is the tail? That is the psychology on which dictatorship is based. You are claiming that you know what is best for the majority of us. And we cannot subscribe to that notion .It is anathema to logic and the principles of Democracy.

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  • @Vincent

    Unless your eyes are wide shut our citizens have become intoxicated by foreign products and services. Unless we earn enough to support, it is an unsustainable position. We have to flex based on current state and forecast state.

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  • @ David BU

    The notion that the consumption behaviour of the majority of Barbadians is the source of our present economic situation has no basis in facts. It is a sorry tale that is repeated so often that some people believe it to be truth. We need to seek for the real sources and deal with them frontally.

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  • @Vincent

    The basis in fact your question can be seen in a lack of appetite at the household and national level to support local. It therefore translates to an import bill always on a high.

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  • @ David September 17, 2019 12:24 PM

    Your retort is especially relevant given the fact that Barbados cannot borrow on the foreign market as it used to almost every December to shore up its foreign reserves to support its balance of payments.

    To live the big ‘life’ in the future -as most Bajans did up to 2018- they must work their rear ends off in the production of goods and services to be sold to foreign consumers.

    They can no longer rely on old Auntie Nurse Matilda in England or retired Uncle Albert the Transit attendant in Brooklyn or Queens to send them some foreign money for their birthday or when Xmas comes around.

    Bajans would soon feel how it was to be a Guyanese migrant eking a living in once Sweet Life Barbados.

    Liked by 1 person

  • @ David BU at 12 :38 PM

    Please ask Amit to parse the Imports into capital imports. intermediate goods imports, retained imports and consumption imports. Parse the imports of consumption goods by hotel consumption and the consumption of households. Let us deal with the facts. Better still let us compare the growth of each segment.over the last 20 years.

    Like

  • @ David Bu

    The lists of industries that you think are local have a very high imported inputs ,including your favourites , hydroponics and aquaponics.

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  • This talk about imports being the challenge can not be used unless we can identify what portion of the import bill goes into supporting tourism and as a result it’s foreign exchange generation.

    So car imports for example what percentage are hires cars etc.

    I just heard the minister said that spend was up, so one can assume a considerable amount of this spend was on imported goods correct?

    If someone can give me a breakdown of imports by local and visitor base, only then will I drink the import bill Koolaid. If our tourism is up then it is fair to say imports to support this growth are also up. So it should be a case of the below.

    Imports – imports for foreign exchange earnings= net local imports.

    Is this info available, probably not. So we paint all imports with the brush of ignorance.

    Liked by 1 person

  • Vincent Codrington

    @ David BU

    Never underestimate the tasks of those who have to manage the affairs of this country.It is a balancing act every day.They deal with variables that are very volatile. It requires up to date data and skillful analyses of that data. Moreover it requires the collaboration of all sectors. We have to share the burden and the responsibilities. The adversarial approaches of the past will get us no where fast…except down.

    Like

  • @Vincent & John A

    This is an item beaten to death. The central bank website is littered with scholarly papers. Let us begin with oil imports. To what extent is local agriculture planning and production woven into the key sector of tourism? Do you recall the long talk by Paul and the BAS when Sandals with given the washpan of concessions?

    Like

  • DavidSeptember 17, 2019 12:38 PM

    @Vincent

    The basis in fact your question can be seen in a lack of appetite at the household and national level to support local. It therefore translates to an import bill always on a high.

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

    it’s been a long time since I’ve heard anyone averse to buying local. People prefer local fresh produce to the imported and there is a locally manufactured dish washing liquid that simply flies off the shelf often leaving me without. Bought two large bottles last time and now it’s off the shelf again. Pointed it out to a manager at the supermarket. He ordered a larger quantity and still it’s not enough. I am realizing that far more is manufactured here than I thought. A high percentage of what I bring from the supermarket is actually local.

    Like

  • Vincent Codrington

    @ David BU
    I am not too sure where you want to take this discussion. Can we deal with the now? And where are we going with Oil? Or is it agriculture? We are all over the dance floor like Punka.

    We started out with a vague perception of financialisation. Drifted to FDI and UNCTAD wow!! We should focus.

    Like

  • @ David.

    I would answer that one way. Go into any supermarket this week and try to buy a pound of local tomatoes that look like tomatoes. Nobody got and why? Because as little rain fall they done with. Now tell me in 2019 how come none of these farmers haven’t said if I had a greenhouse I could grow tomatoes year round regardless of weather. We ain t ready yet my friend!

    How therefore can anyone look at how we view agriculture and seriously say we see it as a business when those responsible don’t?

    Like

  • @John A

    Now we are cooking with gas.

    @Vincent

    Oil and food combine to create a large import bill does it not? We have had this discussion about the utility in having linear discussions.

    Like

  • @ David.

    The same is true for alternative energy. We talk nuff about implementing it then we negotiate a contract with the light and Power that sees its production restricted by quotas.

    Again nuff long talk with little to back it up for the investors.

    Like

  • Government Hates to Lose Revenue. Government Now is the Sole Importer of Fuel and when they sell it to the BL&P what you are looking at is the Loss of Importation and the loss of the Sale and they also have to factor in the Loss for the Big Boys for Buying the Fuel. The Fuel Cost from the BL&P is nearly Double what they charge for Electricity. …Do you think the Government will give up that Cash Cow so easily?

    As far as the Duties on Food…Taxation through the Roof…The Result is a Diseased Nation…Cancer Diabetes, Heart Decease…you name it we got it!

    The Final Nail in the Coffin …CARICOM gone Rogue under the Leadership of our COMMUNIST CARICOM Ambassador as the Mouth Piece for the PM on Climate Change…Hysteria, Drama and Lies Can’t done…Pathetic…All in the name of Climate Emergency being Pushed by the UN (One World Government Ploy)

    YES, THERE IS A CLIMATE-RELATED EMERGENCY. IT IS THE THREAT TO OUR WAY OF LIFE IN THE FREE DEMOCRATIC WORLD – IMPOSED ON US BY CLIMATE ALARMISTS, MANY OF WHOM DO NOT REALLY CARE ABOUT CLIMATE CHANGE, PEOPLE OR THE ENVIRONMENT. IT IS AN ASSAULT NO LESS FRIGHTENING AND DAMAGING THAN THE WARS THAT HAVE PLAGUED MANKIND SINCE THE DAWN OF TIME. IT’S TIME FOR PEOPLE AND GOVERNMENTS TO STAND UP TO THE POWER-HUNGRY ALARMISTS, ANDNOT COW TAIL TO THEM.

    FOR GOD’S SAKE DO NOT LET EVIL WIN…

    WHY CARBON DIOXIDE IS THE “MIRACLE MOLECULE OF LIFE” FOR GREENING OUR PLANET

    This stunning mini-documentary reveals why eliminating carbon dioxide would WIPE OUT humanity, all plants, all animals and nearly every ecosystem on the planet.

    https://www.brighteon.com/5820639339001

    Carbon Dioxide “pollutant” DEBUNKED!

    This rational, science-based explanation completely DEBUNKS the false “climate change” narrative on carbon dioxide.
    https://www.brighteon.com/5820620279001

    IS GLOBAL WARMING A SCAM? – David Icke | London Real

    Liked by 1 person

  • @ John A September 17, 2019 3:44 PM
    “I would answer that one way. Go into any supermarket this week and try to buy a pound of local tomatoes that look like tomatoes. Nobody got and why? Because as little rain fall they done with. Now tell me in 2019 how come none of these farmers haven’t said if I had a greenhouse I could grow tomatoes year round regardless of weather. We ain t ready yet my friend!”
    ++++++++++++++++++++++++++++++++++++++++++++++++++++

    Simple, there is NO revenue being generated for the government on locally grown and sold tomatoes. But there is clearly some port charges etc (and even VAT if put into a can by some distribution outfit in Florida or Trinidad)

    Nex time you visit your favourite supermarket look around at the shelves and you would notice that 80% of the items on the shelves are processed and put in a can, bottle or package by some overseas supplier.

    Do you really feel the government would slaughter this readymade (imported) tax-laying goose to please the local food growers and suppliers?

    Why do you think the government encourages the importation of rejected New Zealand old meat (mutton) which should really be sent to zoos while the local black belly sector continues to languish as an object of curiosity and political bullsh**t?

    Like

  • That New Zealand “lamb’ is of very poor quality. last lamb I bought was Bajan black belly lamb that was of much higher quality. Such a shame!

    Liked by 1 person

  • @ Miller

    That’s my point in that all we get in nuff talk. To replace fossil fuel with more reusable energy is a major loss of tax revenue. Likewise local food as opposed to imported, more losses of revenue again. Plus remember the Trini owned supermarkets got interest in the Trini based manufacturing and packaging.

    We will reach the point though where foreign exchange may be the priority, as opposed to tax revenue. If that decision is made, then every dollar saved in foreign exchange would be seen as a dollar earned. I guess we will wait for the IMF to tell us it first before we act.

    Like

  • (Quote):
    Government Hates to Lose Revenue. Government Now is the Sole Importer of Fuel and when they sell it to the BL&P what you are looking at is the Loss of Importation and the loss of the Sale and they also have to factor in the Loss for the Big Boys for Buying the Fuel. The Fuel Cost from the BL&P is nearly Double what they charge for Electricity. …Do you think the Government will give up that Cash Cow so easily? (Unquote).
    +++++++++++++++++++++++++++++++++++++++++++++++++++++++++

    That is the most sensible contribution you have made to this whole Fossil Fuel discussion with your anti renewable energy views.

    What we would like to hear from you is not whether climate change is real but what do you think happens to the billions of tonnes of carbon generated by modern human activity?

    This energy from the Sun took Mother Nature, mainly in the form of trees, hundreds of thousands of solar years to put in her belly (ground) but which so-called homo sapiens, in his industrial haste, has taken less than 400 years to return to the sky and ocean.

    Isn’t such an act of self-inflicting destruction equivalent to a stupid person sleeping in a windowless room and burning a fuel which contains high levels of carbon monoxide?

    Like

  • Miller see the Above Article posted… Freedom Crier September 16, 2019 7:15 PM

    The climate change hoax has collapsed. A devastating series of research papers has just been published, revealing that human activity can account for no more than a .01°C rise in global temperatures, meaning that all the human activity targeted by radical climate change alarmists — combustion engines, airplane flights, diesel tractors — has virtually no measurable impact on the temperature of the planet.

    Read more @

    https://hoax.news/2019-07-12-climate-change-hoax-collapses-new-science-cloud-cover.html

    Like

  • Miller…IT’S ABOUT THE MONEY, NOT THE CLIMATE

    GLOBAL WARMING IS THE PERFECT EXCUSE TO EXTRACT MONEY FROM THE POPULACE.

    The EARTH IS DESIGNED TO HEAL ITSELF. The One that Created the Earth, knew the potential of man that He placed on it man and planned accordingly. One Volcano Spews out more Carbon than all the exhaust fumes of all vehicles put together and the earth assimilates it. Remember Greenland was green at one time and the land was very productive. The Earth has always had Cycles of changes…

    Remember the Oil Spill in the Gulf how long did it take for the earth to heal itself? In Kuwait in Saddam Husein time when all the beaches were covered in oil spilling into the ocean, the left said it would take 100 years to get rid of the oil and within two years it was cleared up. The left look to make a Grand Crisis out of every opportunity because as they say ‘Never Let a good crisis go to waste”.

    Do you remember in 1975 when we were advised that the earth was going into an Ice Age, and also the big scare that we would have severe food shortages because of the earth’s population? There was also another scare that the world’s population was so large that we would not have enough food 21/2 Billion and now we have 2&1/2 Billion people more with a Capital Band the world now is better fed, than in those days and there is no Ice age.

    Now the latest scare is Global Warming/Climate Change what better way to control man and every living animal that breathes Air than to talk about CO2. There was 17 times more CO2 in ages pass than there is now. And they are looking to Tax Cow Farts and Charge us for breathing…

    Global Warming Provides A Marvelous Excuse For Global Socialism…Margaret Thatcher and may I add Global Submission.

    The intent of Leftist Socialism always is to continually exercise more control over the people as well as to take their hard earned money. The 100% Governments receives only 30% goes back to so called improve services. The rest is consumed by Bureaucracy. Who capitalizes on Climate Fair Politics and on all that they put in place, the only ones that benefit are the Elitist.

    Like

  • Vincent Codrington

    Freedom Crier at5:27 PM

    Thanks for the video. What Icke says square with my observations.

    Like

  • Welcome Vincent Appreciated Anytime…

    THERE IS NOTHING NEW UNDER THE SUN JUST NEW PEOPLE PUSHING EVIL DESIGNS!

    When people go to a Seminar and they sit in a nice Comfortable room with the Air Condition working and the Air Condition working normally brings in Fresh Air at a Controlled Rate. The Parts Per Million of Carbon Dioxide in the Atmosphere will easily reach 1,200 PPM. Outside in the open air it is only 400 PPM and they are no Ill Effects Caused to the People in the Room. If they had a Plant in the Room, the Plant would be thanking its lucky Stars for being in such a Sumptuous Environment…

    If you were to make a Pie Chart of All the Gasses in the Atmosphere, the Pie Chart Space allocated for the CO2 on the face of the model would not even be the thickness of the line. Of this one thickness of the line, one Thousandths of the Thickness of that line is caused by man and for this amount, the Climate Alarmist want to put the World through Hell . Go Figure!!

    For Sane People looking at the world, living in the world, and becoming wiser with age, we see man’s Folly in Everything around us where Belief of Nonsensical things are held as Facts and Facts are said to be Out Dated. Moreover, in the Environmental Sphere a New Religion is Born, and that the Existence of Man is Evil and Nature is Good. In order for this Religious Zeal to Thrive, the Cult of Climate Alarmism is being pushed by people that think of CONTROLLING others. You will find that their Core Beliefs are to impose their wills on others and this Religion of Environmentalism is the Method they use. Even Hitler was an Environmentalist and a Vegetarian and never smoked, all of the Good Virtues of Virtue Signalling in this New Religion of Climate Alarmism!

    This stunning mini-documentary reveals why Eliminating Carbon dioxide would WIPE OUT Humanity, All Plants, All animals and nearly every Ecosystem on the planet.

    https://www.brighteon.com/5820639339001

    Carbon Dioxide “pollutant” DEBUNKED!

    This rational, science-based explanation completely DEBUNKS the false “climate change” narrative on carbon dioxide.

    https://www.brighteon.com/5820620279001

    Like

  • Is this a “Back to the future” moment or a Retreat into the Past? Mia is musing about establishing a “National Bank” (forget about how she is using Freundel’s playbook of using overseas audiences to hint of possible future decisions). Mia’s attempt to rationalize the sale by the OSA Gov’t of BNB falls flat on its face when she tries to hint that she wouldn’t have abandoned the minority position of the Thompson led Gov’t in 2009. Mia conveniently overlooks the fact that a minority shareholder is about as potent as a eunuch in a harem.

    Mia then wanders into the area of “unbanking” i.e. the inability of Bajans to open bank accounts unless they have a utility bill and she references some sort of “paper” that one of her Ministers drafted prior to assuming his present position which makes me wonder if with all the Ministers/Consultants and advisors in the Ministry of Finance why they can’t draft regulations acceptable to all Banks on acceptable criteria for opening Bank accounts ( the Big banks in Canada were forced to draft rules that allowed residents of poor neighbourhoods who were turned away by them when they wanted to open accounts ( Banks don’t like poor people).

    BTW does Mia know that Small business persons have a hard time opening accounts at major Commercial Banks? If she doesn’t she should talk to a few and listen to their complaints.

    https://barbadostoday.bb/2019/09/24/national-bank/

    Like

  • @ Sargeant September 24, 2019 9:37 AM
    “Mia conveniently overlooks the fact that a minority shareholder is about as potent as a eunuch in a harem.”
    +++++++++++++++++++++++++++++++++++++++++++++

    LOL!! Simply the best use of an analogy on BU! Love it to bits.

    Sargeant, you really have a way with words, man.

    BTW, the word ‘eunuch ‘is the Biblical euphemism for the Bajan He/She boy-girl aka bull**er.

    Nothing new under the human sexuality sun.

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  • SirSimpleSimonPresidentForLife

    Eunuch is a male who has had his testicles removed, and who therefore cannot achieve an erection, and cannot impregnate a female. It and also mean an XY person who was born without testicles.

    The Biblical eunuch is not a euphemism for male homosexuality. In the Bible male homosexuality is described as “men who lie with men”

    Like

  • @Sargeant

    We are politicizing every thing in this country.

    Like

  • @ SirSimpleSimonPresidentForLife September 24, 2019 10:25 AM

    Why would your bible encourage the castration of males?

    Shouldn’t it be seen as an abomination just like a woman having an issue of blood and ought to be put away for 9 days?

    We will never forget about what you said ought to be done to boy children.

    Deny that you recommended the castration of young black males as a final solution to the crime problem especially involving violence against women.

    Wouldn’t such an ‘operation’ be simply turning them into loving law-abiding impotent he-wo(e)men like your ‘girly’ boyfriend from “whiteHill”?

    Then there will be no biblical-type ‘begetting’ of violent boy children by testosterone-lacking males.

    Like

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