Another global financial crisis seems set to engulf the world with the collapse of banks in the United States and Europe, two of the major financial markets in the world. Attempts by regulators and big banks to intervene by bail ins and other means have failed to calm unease in the markets. Banking and other financial stocks have seen declines which reflects a lack of confidence by investors.
Too many Barbadians are going about day to day business oblivious to the building of dark clouds on the horizon. There is the saying when the USA economy catches a cold Barbados will become sick. The graph about is forecasting a scenario which does not augur well for Barbados. The Barbados economy is precariously positioned, another global financial crisis will catspraddle all effort made since the 2007 financial crisis to right the local economy.
In Deo Speramus!
@ Yolande Grant – African Online Publishing Copyright (c) 2023. All Rights Reserved. on,
Not so fast! Biden has sent his ace in his pack, “Vice President Kamala Harris” to the Africa continent.
TLSN….It may be too little, too late.
Hard to roll back centuries of damage..would be interesting to see them trying, no one wants same old.
Russia increasing its reserves with Chinese currency.
Very interesting things are happening, just saw a clip where Dutch farmers broke out a truck load of manure and sprayed it all over riot police, from one end to the next, who had nowhere to run and had to stand at attention and TAKE IT…lol
Banks in France raided and fined
Sounds more like poor regulation to Bushie.
The French can always be relied on to come up with some stupid shiite.
If the rules allow the shareholders to take that evasive route and thereby to avoid taxes ….how is it money laundering?
Normal common sense would have foreseen that loophole and required a MINIMUM period of transfer AND enough transfer fees to close that loophole.
All they are doing is putting even more pressure on an already doomed financial sector…
..Just like the local regulatory brass bowls at the FSC when they jumped all over a credit union for a late report…. and then had to come back saying how sound the institution is..
“Quos Deus vult perdere prius dementat”