Feel free to comment on the image. In case you do not recognize the gentleman on the left, he is former Minister of Finance Chris Sinckler.
Commenters are invited to caption this.
Politics Makes Strange Bedfellows
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385 responses to “Politics Makes Strange Bedfellows”
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angela cox May 15, 2022 5:14 AM
RE: “The evidence is out there…”
If so, then, present it to BU for our perusal.
It’s easy for anyone to make any absurd comment and when challenged, say “the evidence is out there.”
RE: “…..debt repayment has been a source for borrowing for many small island govts..”
Kindly explain how “debt repayment has been a SOURCE for borrowing?”
RE: “Two or three garbage trucks and buses is not an indication that govt source for borrowing was for such sole intention..”
Do you actually mean ‘source’…… or did you meant to ‘say,’ ‘purpose or reason?’
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I have to laugh.
We have an individual who, for the past few years, relied on Google, Facebook, Naked Departure and other social media platforms as sources for constructing her contributions.
But, has suddenly become the resident Google ‘expert’ on “Afrika, Afrikaness and Afrikan” affairs over the last 18 months.The same individual who argued that Rolerick Hinds was the duly elected representative for St. Thomas, even in the face of evidence that he was not……
……….”never Googled to find out,” but continued to argue shiite, while becoming aggressive, simply because she hates being wrong.
“lawd… the idjit fowls STRUCK OUT AGAIN…they can only fall back to their usual limited intellect excuses…”
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Every morning I read NationNews and BarbadosToday.
Some of you COULD do the same and use your analytical acuity to understand the problems Bajans are facing.
It seems all roads lead to PM MIA.
She is reported to have said that she will be meeting with the fishermen. Wha happen to the Minister of Environment, National Beautification and the Blue and Green Economy ? He too busy ?
Buh doan mine me. I just writing shiite while waching IPL cricket.
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TLSN….i put the information you need on The Fish is Dead thread..
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TheO
You see why sometimes we does have to lump you with the barn yard brayers?
My comment was made to show borrowing and paying off DEBTS as apposed to borrowing to paying off THE DEBT
However too bad for you and ur peers that u cannot see the economic benifits / saving for something like driving on smooth roads Instead of potHole filled rosds. Or the saving of gas and repairs on the solar buses s apposed to the standard diesel buses
Now In ur scenario – yes sometime u may have to Find another to pay off that $1000 In debt
If ur credit is gd enuff that u csn borrow 1500 then u can put that entra 500 to work ( investment). With the saving from my 500 + the income from ur 500 then u can slowly repay the debt -
Madame Salemite
Again, I ask who made up the $1.7B? The IMF website lists Bdos’ loan at US$305m, add the remaining $23m to come. Did the government take policy based loans and pay off debt? You better call CDB, CAF and IADB and file reports. Don’t forget to tell the Chinese the scotland district roads’ money getting used to pay off debts too. But waaait ain’t $3B in reserves? The mathsing ain’t adding up nor is there an understanding of what you can and can’t do with de people loans. Set yuh goals, intelligent one. Murda🤭 -
I say AGAIN…not interested in YOUR DEBT…it’s not MINE….i have none…
WAS THE DEBT PAID??? and the 6 billion DEFICIT CLOSED, that’s my original question…..that’s the only thing people want to hear….not yall sleight of hand tricks to fool fellow fowls….
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I have absolutely no good reason to go on IMF website…I DON’T OWE THEM…you do…lol
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Mam, that ain’t the reason you ain’t going. We all know you’re allergic to truth/facts.
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right….am going to leave what am doing, which is so important, when i have no reason to……to go see that yall STILL OWE IMF…that only makes sense to fowls…
let me know when the deficit is closed and ALL DEBTS PAID….
write an article on how it’s paid off to BU i will read it..
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Enuff May 15, 2022 10:28 AM #: “Mam, that ain’t the reason you ain’t going. We all know you’re allergic to truth/facts.”
~~~~~~~~~~SPOT ON!!!!
🤣 🤣 🤣 🤣 🤣
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@J2
You must forgive me. I began to confessing my ignorance of high economics
“Now In ur scenario – yes sometime u may have to Find another to pay off that $1000 In debt
“If ur credit is gd enuff that u can borrow 1500 then u can put that extra 500 to work ( investment). With the saving from my 500 + the income from ur 500 then u can slowly repay the debt”I am totally lost. So you started owing $500 and is now at owing $1500. The only phrase that I understand is “slowly repay the debt” but I really think you are getting further in debt. Perhaps, we should have borrowed $2000 and put that extra 500 to work and get income from $1000. I am lost.
I am highly appreciative of your efforts to educate me, but it is too much for me to process. Stuck with the “barnyard brayers”.
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“WAS THE DEBT PAID??? and the 6 billion DEFICIT CLOSED, that’s my original question…..that’s the only thing people want to hear….not yall sleight of hand tricks to fool fellow fowls….”
$6B deficit? Was the debt paid? Look lady go listen to the nails woman tales.🤣🤣🤣
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Theo
But what you think road building etc as John2 mentioned is, if not using loans for development purposes i.e. investment? Harrisons Point? Maybe the govt shouldn’t have borrowed a cent. Use the US$220 forex (5-6 weeks cover) the DLP left and when it done, it done. -
Here is a FREE title for your article.
How we (meaning you and yours) paid of the island’s debt and closed the deficit..
YOU gotta worry about “nails woman”….i don’t…lol
never tief from the elderly…
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We have people debating issues and do not know what is the meaning of deficit, debt, GDP etc. in a discussion it is important to demonstrate a level of commonsense to maintain credibility. This gotcha, oneupmanship rabidly partisan approach to discussion is not constructive.
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Home / Economy / Prime Minister outlines achievements despite challengesPrime Minister outlines achievements despite challenges – by Barbados Today May 14, 2022
Prime Minister Mia Mottley has defended her government’s position in suspending its debt prior to the start of the COVID-19 pandemic.Mottley was addressing the media at a wrap-up meeting for the International Monetary Fund’s (IMF) seventh and final review of the Barbados Economic Recovery and Transformation Programme (BERT) under the Extended Fund Facility (EFF) at Ilaro Court yesterday.
In thanking all who played a critical role over the last three and a half years for restoring some measure of stability especially at the macro-economic level, the Prime Minister noted that when government took the decision to suspend the debt, it was met with lots of criticism, but the debt suspension, she said, worked out in the island’s best interest.
“I sit here today conscious there, had we not done that debt restructuring and completed it in November 2019, God knows what would have happened to us. Technically, it was completed in December but God knows what would happen to us once COVID hit in early 2020.”
Mottley continued: “And the reality is, is that by being able to run the first surplus that this country had run in 10 years’… primary surplus of three and a half per cent and then a primary surplus of six per cent. It sounds like a lot of mumbo jumbo to the average person. But… had we not done the trimming down that we needed to do at that early stage, this country would not have been in a position to go through the last two years, especially with the decline that would have been foisted on us in 2020, which is now settled at about 14 per cent.”
Mottley highlighted that while under an IMF Programme, government had executed several projects with the help of key ministries in areas such as water, sewage and transportation as well as infrastructural projects including the construction of a new Accident and Emergency Department and the development of the Harrison Point Facility.
The Prime Minister said that the country was still not out of the woods as Barbados was part of a global community that was unstable, with threats emerging from the instability and disruption to the supply chain worsened by the crisis in the Ukraine. These threats, she noted, threatened the island’s recovery.
Meanwhile the IMF’s Mission Chief, Bert van Selm said following productive discussions, his team and the Barbadian authorities had reached a staff level agreement on completion of the seventh and final review under the EFF.
He said the agreement was subject to approval by the IMF’s Executive Board when it considers the review next month.
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With all this achievement still.waiting to.hear govt plans on creating an achieving a comprehensive plan which would place Barbados on a economic growth plan
One which can be sustainable and productive -
@Enuff
J2’s response
“My comment was made to show borrowing and paying off DEBTS as apposed to borrowing to paying off THE DEBT”
was quite good and explanatory.Does that mean that I should not try to torture him a little?
Have a great day all.
Special thanks to the blogmaster for providing a source information for some, a room in the asylum for others and as J2 would put it … the ‘barnyard’ for a few folks.
Keep up the good work David. Have a great day. -
too bad fowls don’t know what a deficit is…lol
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There are always some financial institutions willing to loan some down and out schmuck money knowing full well that the guarantees attached may as well benefit the provider of the loan
After coming into office govt made a determination that the risk involved with paying debt by way of the IMF was not a small price to pay for the bajan household
However the realities on the ground says different
If truth be told many barbadians are struggling
Foreclosures are at an all time high
Food products have become almost unreachable in cost for many
Unemployment numbers told by govt seem out of touch with everyday households where individuals are finding it hard to find work
Yes govt has mastered the art of spinning economic messages with sweet sounding tones to the ear
But ask most bsrbadians living from pay check to check if lhe quality of life has improved and most says hell No -
The debt is refinanced not repaid. Nothing to brag about.
But then Mugabe’s brassbowls too love empty sound bites.
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am sure fowl Enuff sees the deficit clock every time he moves around Times Square, but has NO CLUE what he’s looking at….the billionaire project manager errand boy…..lawd…
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TheO
Now u getting it
If u owe 500 but u credit rating is good and u can borrow 10 k. If u wise u put pay off ur debtS and put the 9500 to work
You can increase it byvas ich ascu want
If u credit rating is good enuff and uvcan Find a lender can borrow how Much u want. Important thing is to make the entra work for uHow ever if u got debt and cant pay it hen u usually Get a lot of changes going on which usually increase what u owe ( and not paying back). By rolling the debt over u can Get stavings by not getting any addition changes bring added on
Of course if u can at off the 500 without borrowing that may Benthe prefered choice but if u cant u will havta roll it
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@David
In fairness to ‘the people’ the island’s fourth estate doesn’t help?
In the most recent article quoted, the PM is using the word ‘suspension’ to mean what?
How does it differ from ‘restructuring’ or ‘trimming down’ used later.
Typically debt suspension refers to a lender forgoing, not cancelling, payments. It is temporary.
What is clear in the speaker’s mind, may not be clear to the listener, especially when they use multiple words referring to the same or similar things.
The tone is again one of an exit from the IMF? -
@NO
The PM and her people are motivated by political considerations. To your point, it is why fourth estate should be the great equalizer.
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Borrow Fifty thousand invested it ..through other alternatives forms of sourcing for income I paid off the loan the investment has increased six times the cost of the loan
Vision and creativity goes a long way in.paying debt and securing a safe investing
Mia can produce sweet sounding tones but those surrounding her must have vision and economic sense -
wuhloss…are they getting warm yet….dominoes have a way of toppling…
check it out TLSN….re Fahie..
Everybody gotta talk…
“We have had confirmation that his offer of assistance to US law enforcement has progressed to the point where he is identifying those senior leaders that he is aware, of his own personal knowledge, have also engaged in facilitating the international narcotics trade, and otherwise engaging in corruption.
Clues regarding who he has named surfaced this week in the Government’s Motion to Stay Pending review, and Motion for Revocation of Bond. In. that filing, it was asserted that, during the past decade, Fahie had “extensive foreign travel” (Motion p.9) meaning 192 trips, including to:
(1) St. Kitt & Nevis
(2) Antigua and Barbuda
(3) St. Maarten
(4) U.S. Virgin Islands”
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heard some foreign lowlifes have a hotel in Jamaica and decided no Black people on the beach, only white and chinese….well let’s just say it looks like they had a hotel, with the blaze i just saw in a clip…maybe the owners burned it for insurance money, criminals tend to do anything…
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DULLard
Go to the back of the Class and sig next to AC
My senario would be dept consolidation ( more Than one loan). Not REFINANCE whih is usual one loan like a mortgage or car note.
Again – the intent was about paying off some debt not……THE debt.
THE DEBT / part of it Will not be paus off in Our lifetime
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The technical term to describe what the government has done is ‘rescheduling debt’.
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I presume that all four countries pedal some form of “Citizenship By Investment” scheme. I call it fast money. The chickens will come home to roost for these small backward Caribbean islands now that they have opened the doors to the drug’s lords. They were warned from way back that such schemes would bring trouble to their countries and citizens. Let Fahie be a warning to our Barbadian leaders: Uncle Sam is watching.
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Never mind the debts. Let’s engage in semantics.
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Madame Salemite
You hear David, some don’t know the difference between debt, deficit and GDP. Yuh know who he referring to?🤣🤣🤣 -
“We note that there has been major interest in the Fahie case in both St. Kitts and Antigua. Both countries offer Citizenship by Investment (CBI) passport programmes; both have a history of facilitating money laundering; both are led by professional politicians who have been accused of massive corruption; both have the same behind-the scenes advisor in common, the Lebanese attorney Anthony Astaphan; no wonder there is fear and loathing in official circles in both Roseau and Saint John’s; everyone there is wondering which of them have become Persons of Interest.”
TLSN..you will be right…..
fowl enuff…you and idiot 2 SWORE the debt was paid….rescheduling…and PAID are two different things..
again…you owe a billion dollar debt…BUT YOU HAVE AT LEAST A 5-6 BILLION DOLLAR DEFICIT…as defined by an expert just a year or two ago….i don’t need blogmaster to tell me the difference between anything…yall are the ones don’t know the difference between PAID and RESCHEDULING;;;;;for later payments…
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It has been RERE..not RiRi. REscheduling, REprofiling, REnegotiating, REfinancing, REstructuring…
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BUT YOU HAVE AT LEAST A 5-6 BILLION DOLLAR DEFICIT…
let me break it down to something you can recognize…
1 BILLION DOLLARS in VAT stolen from the people and WRITTEN OFF
at least another 1/2 MILLION DOLLARS that the crooks of all flavors refused to pay in taxes….also WRITTEN OFF
according to the expert …another 5 BILLION DOLLARS…gone in tax crimes…..THAT IS WHAT CAUSED THE DEFICIT..
when yall pay off the BILLION DOLLARS ya OWE in FULL…let me know, of course none of us might be here…and it will BE YOUR FAMILY PAYING IT OFF for another 100 years, i don’t owe shit to IMF ask them…
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“REstructuring…”
don’t know how the fowl is not familiar with that word…it’s so POPULAR IN THE CORPORATE WORLD…
but somehow am the one that don’t know that they are NOT CAPABLE of repaying that loan in the short term..
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Mam
I give up. Egofowlism is a mofo. -
David
Spot on. – on Government + restructuring
The Others seems to be stuck on the personal loans brainwave
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at least ya LEARNED what CREATING a deficit means, something you did not know before you only know it as good old fashioned TIEFING and CORRUPTION………..ah learned that in the corporate world…lol
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Salamite.
You said. Not repaying ANY loanS
Stop pretend now that u was Tallinn about ONE loan / THE debt
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biggest achievement in the life of a fowl to brag about a passed test…….BUT STILL CAN’T PAY OFF ANY DEBTS or close the dificit…stuepppppss…lol…or do anything about the STEEP RISE IN PRICES..
Xxxxxxxxxxxxxxxxxxxxxxxxx
Jeep shifting
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again…you owe a billion dollar debt…BUT YOU HAVE AT LEAST A 5-6 BILLION DOLLAR DEFICIT…as defined by an expert just a year or two ago….i don’t need blogmaster to tell me the difference between anything…yall are the ones don’t know the difference between PAID and RESCHEDULING;;;;;for later payments…
Xxxxxxxxxxxxxxxxxxxxxxxxx Xxxxxxxxxxxxxxxxxxxxxxxxx
Produce the article / video/ name of expert or event
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You jumping on everbody Coat tail
Busige, Theo and now David
It ever occurred to you that u can resturture 4 yrs ago but today (4 yrs after) you paid off some of those debts ?
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My senario would be dept consolidation ( more Than one loan). Not REFINANCE whih is usual one loan like a mortgage or car note.
Again – the intent was about paying off some debt not……THE debt.
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@John2You are one silly dude.
Do you understand that from the perspective of the debtor, the balance sheet will reflect the size obligation regardless of who the counterparty is?
You are using imprecise language and conflating issues in a weak effort to defend your pay masters.
You need to read more.
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I stopped answering a lot of BU idiots…not worth it….most times they have no clue what they are talking about….even credit card debt can be restructured and consolidated to one payment…
..they learn a few new words and immediately pretend to be experts….i live for the day that they close that deficit…this is not the first time i mentioned it, they had no clue what i meant back then, and even less now…lol
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Mam
The people David referring to include you. But you get through. LMBAO -
Did Sinckler suffer from the separation?
By Ezra AlleyneThe past fortnight has provided much food for thought. Chris Sinckler is at the World Bank, and the Prime Minister of St Kitts and his cabinet colleagues were at war. They wanted him removed. They failed.
The St Kitts Prime Minister successfully requested a dissolution of Parliament in a power play which highlights an aspect of prime ministerial power about which our own Tom Adams was not happy as he said in 1983.
Shades of Erskine Sandiford’s no-confidence motion are recalled.
In a May 3, 2022 interview with Antoinette Connell, Sinckler said that he didn’t know any job that was harder than being Minister of Finance when one was not simultaneously Prime Minister.
Is it fair to assume that Sinckler suffered from the separation of the office of Prime Minister and the Ministry of Finance? I cannot think of any other local Minister of Finance whose authority was more often questioned.
A random check through past newspapers reveals that on Monday, March 8, 2015, the Nation carried a headline stating that Estwick complains to PM over Sinckler directive.
Monies borrowed
The complaint, which was in a letter dated February 27, 2015, related to a directive for repayment by [David] Estwick’s ministry to the Ministry of Finance of monies borrowed when the BAMC (Barbados Agricultural Management Company) ran out of money. The loan was between about $2 and $3 million and was repayable out of an ANSA Merchant Bank loan to BAMC.
Sinckler declined comment but an unnamed official of the Ministry of Finance pointed out that not to have recaptured the loan funds out of the Ansa McAl $75 million loan to BAMC would have led to enquiries from the Auditor General.
On Monday, June 5, 2017, the NATION headline blared FLAWED with a slash line reading Inniss blaming Budget process, not Sinckler.
We read that outspoken Minister Donville Inniss says his recent making of critical remarks about the Budget was not a case of taking a swipe at his colleagues but at the budgetary process. Really?
But hear this: the very next paragraph says, “Inniss made the statement yesterday days after telling the House of Assembly that he could not give 100 per cent support to the measures announced by Minister of Finance Chris Sinckler last Tuesday.” Imagine that Inniss told the House he could not give it 100 per cent support. I move on.
Breaking ranks
On Wednesday, February 5, 2014, under the headline
Listen Or Else, the story told us that “The Freundel Cabinet has been put on notice – ignore an alternative path from colleague Dr David Estwick to deal with public sector layoffs and risk him breaking ranks! Resignation?
Political strategist Reudon Eversley was quoted as saying that Estwick’s statements on the need for a different economic path were a “ringing indictment on the economic policies of Chris Sinckler”. Was Eversley right? Your say.
Former Prime Minister Owen Arthur declared that “Estwick’s position was problematic for the Stuart administration . . . . If a minister of the Cabinet says he has no confidence in the policy, what is the rest of the society left to do?”
In December 2014, Minister Inniss is quoted in another Antoinette Connell article as saying that the decision to have a ministerial statement and not a budget at that time.. .was a decision not of Chris Sinckler only but of the entire Cabinet. Really? How is this consistent with the duty of the Minister of Finance?
We can now ask a few questions. Should Prime Ministers retain the Ministry of Finance? Was it mere coincidence that economic stresses occurred when the Ministry of Finance was separated from the Prime Minister?
Was Owen Arthur right when he said that in 2017 Sinckler’s head was in the right place but he was under pressure?
Did we not learn any lessons from the split in the Ministry of Finance from the Prime Ministers in the Errol Barrow/ Richie Haynes and Erskine Sandiford administrations of 1986 to 1989?
Could Barbados have been spared a lot of the economic turmoil in the 2010-2018 period if the lessons of the 1986 to 1989 period had been learnt?
On the other hand, St Kitts Prime Minister Timothy Harris learnt from the Sandiford experience. Without waiting for any confidence motion to be debated, he requested a dissolution of Parliament and His Excellency the Governor General granted it.
Now thereby hangs a serious constitutional practice, about which we may talk next week. Prime Ministers are uncrowned monarchs, with the kind of power that Ministers of Finance need, but do not always have. I gone.Ezra Alleyne is an attorney and former Deputy Speaker of the House of Assembly.
Source: Nation
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Poor Ezra, he repeats a litany of criticism that was directed at Sinckler by his Democratic colleagues but somehow not a word about the criticism that was directed at him by the Shadow Minister of Finance from the Opposition who happened to be Mia Mottley. I guess Ezra is afraid to highlight Mia’s hypocrisy re Sinckler, Ezra is not only a yardfowl,he has been bought and paid for
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Wuh look at life….we don’t even have to answer the BU illiterati political fowls and hens anymore, unless we lookin fuh a laugh…murdahhhh! after one time is two…yep, the money laundering and Proceeds of Crime legislation is real…even i got a copy of it…
as i told fowls, ya are ON YA WAY TO EXTINCTION….but before that, a prison cell is in ya future…
https://rijock.blogspot.com/2022/05/owners-of-real-estate-stolen-due-to.html
“The systemic corruption that has poisoned Barbados, and resulted in the loss of their ancient real estate holdings by many of its citizens, has made justice, and recovery of their rightful lands, impossible for the victims. Current and former governmental leaders, many of whom have engaged in land fraud and grand larceny, hold all the cards; they frankly control the courts and the law enforcement agencies. You cannot receive relief in Barbados; there is no justice to be had there. This may sound cynical, but it is the truth.
To make matters worse, if victims, through legal action, seek redress, they encounter death threats, a campaign of harassment and insults on social media, and humiliation and targeting for asserting their lawful rights. No wonder many have lost faith in their country, and given up fighting a corrupt system; some have become expats, fearing to ever return to their beloved nation, where they were born.
The solution, in our humble opinion, lies abroad. Many of the corrupt officials and their associates have taken their ill-gotten gains, made from sales of real estate they have stolen, or fraudulently acquired, and secreted or invested them overseas, to keep them from being seized by victims, through court orders at a possible future date, or forfeited for any purpose by a future Government of Barbados. These thieves also wish to have a place to flee to, when they have either completed their service, retired, or simply relocated far from the jurisdiction of courts in Barbados, and wish to keep the Proceeds of Crime.”
The blogmaster invites you to join the discussion.