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Barbados watch out, another global financial crisis on the horizon

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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!

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127 responses to “Barbados watch out, another global financial crisis on the horizon”

  1. TheOGazerts Avatar
    TheOGazerts

    “Who gives a flying F what the US says.”

    I would be one of the first to comment on the imperfection of the US on how it treats its citizens the brutal police and various vicious state apparatuses.

    But two wrongs do not make a right. It is somewhat amusing that the evaluation of Barbados was mainly positive. Sooner or later those who did not give a flying F will wrap themselves in the same positive evaluations.

  2. Pachamama Avatar
    Pachamama

    Ok jesus christos!
    Credit Suisse, now sold to UBS, against the will of UBS, for one billion more than envisioned by critical analysts.

    Has now been gifted 104 billion from the Swiss Central Bank. Supposedly to protect depositors.

    Something else is happening here. Information is currently insufficient for this writer to make the most dire estimates. Markets seem jittery. However, intuition tells this writer that some shiiiite coming down the pike!

    At the very least we anticipate assertive actions by leading central banks (CBs) during the coming week as the economic conundrums fully take centre stage.

    Again this weekend, there shall be endless meetings in many countries.

  3. Yolande Grant- African Online Publishing Copyright (c) 2023. All Rights Reserved. Avatar
    Yolande Grant- African Online Publishing Copyright (c) 2023. All Rights Reserved.

    William…did weee not mention about a Meth problem at the Coverly dog kennels YEARS now..

    i guess it was not the Afrikan boys on the block involved, nothing they can arrest them for, so no one cared..let the Meth run freely once it’s not the Afrikan population engaging…

    But, i see a politician made a video and calling it, “Meth Warning.” They can keep that, looks good on them.

  4. Yolande Grant - African Online Publishing Copyright (c) 2023. All Rights Reserved. Avatar
    Yolande Grant – African Online Publishing Copyright (c) 2023. All Rights Reserved.

    Playing monopoly is nice, but that monetary system should have been anchored to something decades ago.

    Maybe now they will.

  5. Pachamama Avatar
    Pachamama

    Toooooooooooooooo late!
    Waru

    The natural order of things shall not permit such. Nature abhors a vacuum. Ntr will never permit such to go unpunished.

  6. Yolande Grant - African Online Publishing Copyright (c) 2023. All Rights Reserved. Avatar
    Yolande Grant – African Online Publishing Copyright (c) 2023. All Rights Reserved.

    Nature does abhor a vacuum.

    I have no clue what else to tell them….but it might be their only shot at stabilization.

    All monetary systems should be anchored as a guarantee. I watched it for years and knew at some point in time it would get challenging because of all the volitility.

    The Bull trickles down.
    The Bear cascades.

  7. David Avatar
    David

    Pension and an ageing population, similar to which country?

    https://news.sky.com/story/why-macrons-change-to-pension-age-has-sparked-protests-and-how-does-france-compare-to-uk-12836015

    How does France’s pension age compare to other countries – and why has it triggered mass strikes?

  8. Yolande Grant - African Online Publishing Copyright (c) 2023. All Rights Reserved. Avatar
    Yolande Grant – African Online Publishing Copyright (c) 2023. All Rights Reserved.

    Check it out Pacha….

    “Deutsche Bank Shares Fall Almost 15% – Bloomberg.”

    Yesterday they were projecting 50 banks would take a beating…the cascading effect.

    In my opinion an attempt should be made to flip the script..

    The Bull cascades…cause bull runs mean money in the economy….while the Bear trickles down…easier to monitor, control and stabilize..i imagine it would take a gigantic effort and much skill.

  9. Changes Avatar
    Changes

    This is not the end it is not even the beginning
    Now that the change has come it is time to have some fun
    There are 3 scams left for hustling: Banking Politics and Wars
    Banks and Markets are relatively stable due to vast investments in Pension and Institutional Funds
    Day Traders and Hedge Funds still make money in volatile markets taking risks with large volumes and short trades
    The current situation is more akin to the Credit Crunch of 2007
    that was the precursor to the Global Financial Crisis of 2008
    There is still money to be made until it all falls down

  10. David Avatar
    David

    All aspects of SOEs must be considered
    State Owned Enterprises (SOEs) are once again back in the news on the proposal that they are to be reorganised for greater efficiency. This has been accompanied by talk of greater union involvement in the process, which suggests that some employee retrenchment is anticipated.
    I hope the Government is giving consideration to other aspects of organisational change which may have a greater impact on the performance of our SOEs. I would like to suggest a couple of areas that need attention, based on my personal experience in this area.
    The first is the issue of political influence in the hiring of employees at Government controlled entities. This was raised as the major concern by a manager of an SOE during a Government committee meeting set up to investigate the SOEs. Ironically, that manager was also a political appointment
    with no previous experience in that position. Our political system relies on rewards of employment to recognise the support given to the party in one form or another. This situation is a reality and one that is unlikely to change. However, the political directorate must take responsibility for managing such appointments, so it doesn’t corrupt the governance of the SOE.
    The other issue that significantly affects our SOEs is the way they are managed. It is antiquated and completely out of date in achieving good performance. Everyone wants to do the job of the level below them. Ministers want to direct, directors want to manage and managers want to do line work.
    We do not identify responsibility clearly and then, most importantly, we do not hold anyone accountable. The unfortunate truth is that we have too many senior people who are not competent to do their job. No amount of
    reorganising line level positions will correct this situation.
    This is all part and parcel of the way successive Governments have managed our national affairs and, in many ways, these shortcomings have been accepted as a fact of life. Correcting this situation requires transformational change and a break from some of our traditions, particularly those that have long colonial roots.
    This matter was recently addressed by our Prime Minister in her Budget speech, in which she spoke of transformational change towards a vision of excellence. I genuinely hope that the transformation is directed at the management and political influence of the SOEs and not just simply at the level of the workers.
    – Chris de Caires

  11. Yolande Grant - African Online Publishing Copyright (c) 2023. All Rights Reserved. Avatar
    Yolande Grant – African Online Publishing Copyright (c) 2023. All Rights Reserved.

    I see the people are calling for the government to COME OUT and talk to them about all the vaccine injuries and deaths.

    Wuh ya could not turn without seeing and hearing them up in ya face for the last 2 plus years…why they so quiet now….the people are not having it…they hired them and they have to talk to the people…”gimme de vote and watch muh.”

  12. Bush Tea Avatar
    Bush Tea

    LOL
    Not even the blogmaster wants to talk about the obvious global chaos that has followed the covid gene-therapy scam perpetrated on the gullible, by the wicked demons that epitomizes EVIL in the modern world.

    ‘Vaccines’ are very specific treatments that actually PREVENT disease. The concoctions injected into billions of BBs had no such capability or intent.

    Insurance records however, are showing unprecedented levels of unexplained deaths from heart / blood clotting related issues – in previously healthy demographic groupings.

    …shiite, yuh even Bushie can see this trend – from the death announcements in the press – and from acquaintances and relatives…

    Wunna ever watch a sheep being led to the slaughterhouse?
    ..the idiot puts on a brave look and trots along willingly – aiming to please his master…. to the very end.

    But not stinking Bushie doh!!!
    Bushie does squeal like a boar hog (as ac was wont to note.. )
    ….up to the last breath

  13. TLSN Avatar
    TLSN

    The message is in the music.

  14. Yolande Grant - African Online Publishing Copyright (c) 2023. All Rights Reserved. Avatar
    Yolande Grant – African Online Publishing Copyright (c) 2023. All Rights Reserved.

    TLSN….one of my favorities.

    “Wunna ever watch a sheep being led to the slaughterhouse?
    ..the idiot puts on a brave look and trots along willingly – aiming to please his master…. to the very end.”

    While bullying evabody to fall in line because they got the idiot sheep DNA…more embarrassment coming for them too…white world dummies…..without these beasts so in love with evil, and the sheep in love with criminal politicians, they would do anything against their people to keep the lineup intact..

    Glad they are now exposed everywhere and no one will ever trust sheep or evil doers ever again.

    Bushman…i much prefer not be either of them right now, if they had a scintilla of human decency, they would feel the shame and embarrassment now all around them, they so discredited themselves, and worked overtime to get there, that there is no recovery from that…they apparently cant hear the cries against all of them echoing across social media….across continents..

    But am not in the business of holding my breath….so…ha!!

  15. Yolande Grant - African Online Publishing Copyright (c) 2023. All Rights Reserved. Avatar
    Yolande Grant – African Online Publishing Copyright (c) 2023. All Rights Reserved.

    Wuh i did not think innocence is still being proclaimed DESPITE ALL THE EVIDENCE..though someone who wstched the video said he talking shite without elaborating on what it was…

    Had the US not taking care of business ALL of them would still be walking around believing they are invincible, unprosecutable…and in the case of the overly arrogant and narcissitic, carry a license to kill.

    “To Donville Inniss and his supporters truth and facts seem to be irrelevant. Okay, let’s ask: Did Donville receive money from the Insurance Corporation of Barbados Limited? And if so, on what basis did he receive those funds? Was he an employee or agent of that company? And if he were not so employed, again the question is, on what basis did he receive those funds? Were those funds a gift? If the answer is in the affirmative, then why would a Minister of the Crown be receiving undeclared funds from a company in Barbados? If those funds were legitimately paid to Mr. Inniss, why would he engage in such elaborate means to have that money paid to a dental company in New York.

    The facts seem to be very clear, Donville Inniss was paid a bribe by person or persons at the Insurance Corporation of Barbados Limited, and that he caused that bribe money to be transported across the borders of another state. If you receive a bribe as a Minister of the Crown, that is illegal. And if that money is transported to another country that is also illegal. So on what basis is Mr. Inniss declaring his innocence? This declaration of innocence on the part of Mr. Inniss could only come from a mind that believes its own facts, despite conclusive evidence to the contrary.

    Did Mr. Inniss somehow believe that because he was a government minister that he was above the law. Or, is it simply that he had an unreasonably high sense of his own importance, believing that no criminal activity could be attached to him no matter what he did. I would urge his supporters not to buy into Mr. Inniss’ narcissism and call a spade a spade. It would be a far better thing to do for him to acknowledge his crime and apologise to the people of this country rather than insist on his own truth. Man-up Donville, you were caught with your hand in the cookie jar and no amount of protesting your innocence will change that. Finally, whether or not people of this country want to acknowledge it, we owe the United States law enforcement agencies a debt of gratitude. We can no longer bury our heads in the sand and pretend that there is no political corruption in Barbados. Thanks Uncle Sam. Caswell Franklyn.”

  16. TLSN Avatar
    TLSN

    @ Yolande Grant – African Online Publishing Copyright (c) 2023. All Rights Reserved. on,

    The O’Jays represented a different era. The music and musicianship at that time were sublime. The lyrics were also packed with social commentary. Music should be a force to educate the mass public. How many of today’s Barbados artists are cognisant of the importance of words? BU, in general, is a force for good. However, imagine if popular music was the primary gatekeeper of keeping in check our politicians and business people from going down the wrong path.

    As always, keep up the good work. Over the years, you have been consistent. You have always focussed on important subjects. You have refused to allow others to drag you into the proverbial rabbit hutch. Barbados and the Caribbean are run and controlled by the mafia. Afra Raymond believes that the people will hold their governments’ accountable. I do not share his enthusiasm.

    It is healthy sign that Pacha and Bush Tea have returned to the BU forum.

  17. TLSN Avatar
    TLSN

    Yes Sir,
    The prodigal son has returned and has been greeted like a hero. Just like a soldier returning from the theatre of war.

    How is this possible? Trust me, Donville is not a man whom we should be greeting like a returning hero. I would advise him to show some contrition.

    Within days of losing his parliamentarian seat, he bolted to the USA to live on monies he had made outside of his role as an MP. Now he has become a deportee.

    Mia will protect him. After all, it’s a family affair. This is how Barbados has always operated.

  18. Yolande Grant - African Online Publishing Copyright (c) 2023. All Rights Reserved. Avatar
    Yolande Grant – African Online Publishing Copyright (c) 2023. All Rights Reserved.

    Afra always had high hopes that the people will one day wake up and do what is necessary to free themselves and hold corrupt governments accountable…the way things are going he might see it happen, people are sick of them and becoming more and more aware of what dangerous bottomfeeding liars they are..it’s a start.

    “You have refused to allow others to drag you into the proverbial rabbit hutch.”

    Those backward attacks filled with hate and venom started before i was 20 years old, that’s why i recognized them on BU for what they are, and with recent new reveals was able to fit the missing pieces to the puzzle together nicely, which made it easier to strip them down….remove the degrees of separation they hid behind..

  19. David Avatar
    David

    Biden, Trudeau concerned about Haiti

    https://www.nationnews.com/2023/03/25/biden-trudeau-concerned-haiti/

  20. GreenMonkey Avatar
    GreenMonkey

    Since the COVID crisis (I believe most likely a PLANdemic) played a major part in the worldwide financial and social disruption of the last few years, I think it legitimate to post the video below in ths thread.

    Sasha Latypova Exposes Fraud & “Structure of the Covid Crime” w/ Dr. Kelly Victory – Ask Dr. Drew

    From the YouTube video description:

    Sasha Latypova is a former pharmaceutical R&D executive with 25 years of experience in clinical trials, clinical technologies, and regulatory approvals. She owned and managed several contract research organizations and worked for more than 60 pharma companies worldwide. She interacted with the FDA as part of a scientific industry consortium on improving cardiac safety assessments in clinical trials.

    Follow Sasha at twitterDOTcom/sasha_latypova and read more at sashalatypovaDOTsubstack.com

    [youtube https://www.youtube.com/watch?v=3RPxwEVWoho&w=560&h=315%5D

  21. Yolande Grant - African Online Publishing Copyright (c) 2023. All Rights Reserved. Avatar
    Yolande Grant – African Online Publishing Copyright (c) 2023. All Rights Reserved.

    Pacha…got this from msn…let’s see what caricom region evolves or devolves to in this new pecking order. I take it the multipolarity is now in full effect.

    “Putin woos 40 Africa lawmakers at Moscow conference with promises of money, nuclear power, arms and free grain
    Story by IntelliNews • Tuesday
    By Ben Aris in Berlin

    © IntelliNews
    Russian President Vladimir Putin took time out from meetings with Chinese President Xi Jinping, who had just arrived in Moscow for a three-day state visit, to speak to lawmakers from more than 40 African countries on March 20 and woo them with generous promises of economic and military aid in a speech.

    As the battle for influence in Africa heats up, Putin reminded delegates of Russia’s long-standing close ties and played on his favourite troupe of the need for a multipolar world, a sentiment echoed by many delegates, whilst vigorously rubbing raw the lingering resentment in Africa of the European colonial-era, to good effect.”

  22. TLSN Avatar
    TLSN

    @ 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.

    https://www.aljazeera.com/news/2023/3/26/us-vice-president-harris-in-africa-to-boost-us-ties

  23. Yolande Grant - African Online Publishing Copyright (c) 2023. All Rights Reserved. Avatar
    Yolande Grant – African Online Publishing Copyright (c) 2023. All Rights Reserved.

    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.

  24. David Avatar
    David

    Russia increasing its reserves with Chinese currency.

    https://www.ft.com/content/65681143-c6af-4b64-827d-a7ca6171937a

  25. Yolande Grant - African Online Publishing Copyright (c) 2023. All Rights Reserved. Avatar
    Yolande Grant – African Online Publishing Copyright (c) 2023. All Rights Reserved.

    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

  26. David Avatar
    David

    Banks in France raided and fined

    https://www.telegraph.co.uk/business/2023/03/28/ftse-100-markets-live-inflation-crypto-trading-news-banks-sugar/

  27. Bush Tea Avatar
    Bush Tea

    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?
    Steupsss

    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”

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