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Barbados watch out, another global financial crisis on the horizon

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…

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!

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

  1. David Avatar
    David

    Reform global financial system

    The following is an Op-Ed by Barbados Prime Minister Mia Amor Mottley and French minister for development, francophony and international partnerships Chrysoula Zacharopoulou.

    THE INTERNATIONAL FINANCIAL architecture is no longer fit for purpose to meet the challenges of the 21st century. The Bridgetown Initiative proposes some innovative solutions for its reform. The upcoming Paris Summit on June 22 and 23 will look at a new global financial pact.
    Each international meeting allows discussions, ambitions, commitments, reflecting a real and shared desire to make progress. But in the end, there is always the same stalemate: insufficient funding for developing and vulnerable middle income countries.
    Who can ignore the terrible injustice before our eyes? Who can ignore that the poorest countries, because of their vulnerability to climate change, find themselves on the front line of a war they did not start? Who can ignore the fact that funding is currently insufficient to meet the exponential needs of these countries, which must finance their economic development, their ecological transition and their climate resilience all at once? And, who can ignore the fact that the economic, energy and food security consequences of Russia’s aggression against Ukraine affect these vulnerable countries first and foremost?
    Injustices
    The countries of the South – notably Barbados – are constantly reminding us of these injustices. They also remind us that the responses of the international community are fragmented, partial and insufficient.
    On the one hand, developed countries continue to scatter their resources in ad hoc funds that proliferate, on all subjects, without however managing to mobilise the necessary funding. On the other hand, increasing interest rates, reaching predatory levels for the least developed countries and vulnerable middle income countries, remove any prospect of economic recovery and accentuate the risks of a debt crisis.
    These failures of our international financial system inherited from Bretton Woods pose two major risks for the future of our planet: firstly, insufficient protection of global public goods, due to a lack of sufficient resources, and secondly, a risk of further fragmentation of the world. This is at a time when we need more than ever global moral strategic leadership, effective multilateralism and reinforced cooperation. France and Barbados,
    of the “North” and “South” respectively, share the same conviction: that we must not be resigned to injustice or fragmentation.
    We are, therefore, calling today for a major reform of the global financial architecture. Together, we must work to build a more responsive, fairer and more united international financial system that will make it possible to fight inequalities, finance the climate transition and move our countries closer towards the attainment of the Sustainable Development Goals.
    The time for action is now.
    Grounds for hope
    The Indian presidency of the G20, the mid-term review of the Sustainable Development Goals, the positive momentum generated by the COPs, the democratic election of leaders on the continents of Africa and South America, the willingness of the US administration and the consensus to change the World Bank’s leadership are all grounds for hope for an ambitious reform.
    Some solutions have already been initiated. As early as 2020, France launched debt treatment initiatives, then implemented the common framework that is now being rolled out in several countries. At the summit for the financing of African economies in May 2021, France proposed the reallocation of International Monetary Fund special drawing rights to the least developed countries. Today, 20 per cent of France’s SDRs have already been reallocated and France has committed to increasing its commitment to 30 per cent. Other countries have followed. All countries must do their part in this effort.
    But we must all now go further, taking inspiration from the Bridgetown Initiative, an ambitious yet achievable set of solutions sponsored by Barbados and, of which France fully shares the objectives.
    To make an impact, we now need a surge of long-dated, low cost finance to help drive public and private investment. This new stimulus could help finance mitigation in large emerging countries and social and economic resilience in developing countries more broadly. It must come alongside additional grant funding for the poorest countries and loss and damage in climate vulnerable countries.
    To be more effective, we must also modernise our intervention instruments, notably through the structural reform of development banks so that they can lend substantially more than they currently lend to governments and do more to mobilise private savings. To be more inclusive, we must, above all, give the developing countries a greater voice in international forums.
    This is the objective of the Summit for a new global financial pact, which will be held in Paris on June 22 and 23, this year.
    This Summit is intended to be inclusive – every country will have a voice and every perspective will be represented.
    This Summit will place the international financial issues at their rightful level: that of the Heads of State and Heads of Government, who will drive the necessary transformations as we head into COP-28 later in the year.
    This Summit will aim to unite the world around an ambitious but urgent objective: to build an international financial system adapted to the challenges of the 21st century and fit for purpose.
    The challenge is immense. France, a country which is deeply committed to fair and effective multilateralism, and Barbados, a voice for the most vulnerable countries and equally committed to fair and effective multilateralism, are determined to play their full part in this collective effort.

    Source: Nation

  2. If You Dont Have Money Avatar
    If You Dont Have Money

    Pass up the Chalice
    If you don’t have money in your pocket
    You feel down and out
    If you don’t have money in your pocket
    You don’t feel right now

  3. Bush Tea Avatar
    Bush Tea

    Looks like Kiki is getting set to kill this blog..

    @ David
    Boss, you ain’t seen nothing yet!

    Post the China /Russia meeting (currently under way) – and spurred by the International Court’s attempt to criminalize Putin, you will see an acceleration of the BRICS initiative that will IMMEDIATELY collapse the US dollar – and the US economy – almost overnight (like a thief in the night).

    This will signal the beginning of REAL troubles….
    Cause NOTHING spurs albino-centric demons to action like a threat to their precious money…

  4. Jah Works Avatar
    Jah Works

    From experiential knowledge if you want God to do his works you should shut up and stop commenting.
    Karma is a concept of action, work or deed, and its effect or consequences.
    Inward meditation is the opposite..

  5. David Avatar
    David

    @Bush Tea

    Some will say a broken clock is correct twice in a 24 hour period.

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

    Bushman….Pacha will give us a timeline of forward moving events now unfolding at warp speed…i can only stand on the sidelines and watch the plays…real theatre, nuff laughter….

    Me thinks nuff, nuff hopefuls got left behind in their quest and int know it yet….

  7. Pachamama Avatar
    Pachamama

    Again, as people persist in talking about “reform”. We say explicitly that that time is dead. Dead as a doornail.

    Bushie is quite right. While radical transformations can spread the gamut. Our intuition was that this time this one shall be sudden, tectonic, fundamental.

    We are talking about a RADICAL revolution not the reforms those who like pragmatism, moderation and pretending change is being embraced while they harken unto to the ways of yore, would like to think.

    We’ve just had a talk fest in Bridgetown. Without listening we’re willing to argue that not a single insight about these events was ventured.

    Then we wonder why these countries, as lions led by sheep, can never progress. Maybe president Xi or Putin somehow have bigger and better brains than us.

    We see this as a national lack of courage to embrace the unknown. To see the unseen!

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

    “Then we wonder why these countries, as lions led by sheep, can never progress. Maybe president Xi or Putin somehow have bigger and better brains than us.”

    Brain power that small island wannabes (“francophonys) clearly lack.

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

    Pacha….what am concerned about is, Barbados gave us the 1661Slave Codes that destroyed our earth socially and still financially aimed specifically at African descents…..it’s still on THEIR statute books.

    Now what could they possibly offer the world with what sounds very much like the Bridgetown Slave Agenda…since the island is a famous world class Slave Society cesspit steeped in and flavored with CRYPTO-RACISM, as defined by the UN..

    It’s insulting and very disrespectful..

    They wont even make an effort to clean out their filthy pens first…but ready to impose whatever human reducing wastage they concocted.

    I dont get involved in petty small island politics, never took a good look at world politics until now……but can see that with an elevated understanding now available to me, no need to wallow at the subterranean level of bottomfeeders…aka politicians.

  10. David Avatar
    David

    If some of you do not have anything of value to add to the discussion, don’t bother.

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

    But is it not telling, that Afrika has only just finally after HUNDREDS of years shown the door to France in most countries on the continent because of the oppression, exploitation, thefts, disenfranchisement etc…but .suddenly known quislings and the “francophony” have become brand new friends…i would watch my back as an Afrikan.

    Btw…France still owes us/Africa and Haiti trillions of dollars…

  12. TheOGazerts Avatar
    TheOGazerts

    @555
    You saw me coming from afar
    But you playing you is bad man
    Your foot up in a chair
    And a big ass joint in your hand

    You said you saw me coming
    But that is a lie or a joke
    There is now way you saw me coming
    Through your fog of dense smoke

    Man I from far I heard you coughing
    Your poor lungs may be overstressed
    Put aside the bag of marijuana
    And give your lungs a rest
    🙂

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

    Banking system is tilting, let’s if it stabilizes….people have hundreds of years of experience in this….so we can only watch and let them do what they are expert at….

    But interesting to see…that the wannabes have to work overtime to remain relevant..and obviously, still clueless…lol

    ..so much wasted negative energy, so many wasted decades, and for what….

  14. Pachamama Avatar
    Pachamama

    We see that Goldie, the British defence secretary, in a parliamentary disclosure has stated that the UK will be sending munitions, including depleted uranium (DU) ordinances, to Ukraine.

    The Russians, including Putin himself, have long said that any such munitions showing up on the battlefield will be considered as “a dirty bomb” requiring a different level of response.

    One thing about the Russians, they never talk idle. They are very serious people!

    As the Anglo-Saxons go all out to maintain primacy, even as cascading collapses are imposed on them by Pachamama, fools here and elsewhere continue to underestimate the gravamen of evil being confronted.

    This write has oft demanded that the big deckie needed application. Whether that determination is applied or not, one way or the other these Anglo-Saxons will be removed. Either culturally or physically, matters not to this writer.

    That they have opted to take this dangerous escalatory ladder, like they long done in Iraq, Bosnia, Serbia, Afghanistan, Libya and elsewhere, clearly demonstrates their desperation to hold on to being the slave masters of the world.

    In all the countries where DU was criminally used the incidence of birth defects make the consequences clear. These will continue for thousands of years. DU well represents a war crime. And the USA can well rely on its satrap, the UK, to do its dirty work, like has been its role after the loss of its own empire.

    Then there is One here who would have had us retreat from our maximalist position that nuclear weapons must be applied to bring these dogs and bitches to heel. Sensible readers should ponder how would it have been possible for two sets of forces, fighting existential questions, and poseessing nuclear weapons, could forego their use, in the quest for and against White supremacy.

    Their most loyal defended here would be expected to say nothing as his people up the ante. But bee yesuah christos, had Putin done this, instead of being one antidemocratic demon, in his eyes, he’ll be a dozen.

    Lastly, this writer calls of the Russians, the North Koreans and/or the Chinese to do that which is unavoidable.

  15. de pedantic Dribbler Avatar
    de pedantic Dribbler

    @David, I doubt my ramblings are much of “value to add to the discussion” rather more of a reflex to the news across the wifi !

    I was taken aback by a ‘repeat’ of comments made by a former Aussie PM who suggested that “there is no Chinese threat to defend against” regarding his nation’s pact with the US and UK to purchase nuclear subs … taken aback because I wondered if he – like the former German Chancellor Schröder – speaks more for his ‘clients’ than he does for the interest of his country-folk!

    It also surprised me when placed directly against other current (but long ago whispered) news that Boris Yeltsin was ‘indirectly or directly maybe’ supportive of a greater role by NATO to push into Russia’s sphere of influence (so to speak) and then the equally WTF news that key interests in the US sabotaged the Iran hostage release of 1980-1 being negotiated by Pres Carter’s team to support a victory by Reagan.

    As I noted, both of those were long perceived (particularly the Iran affair) to be so but placing them firmly into the chatter of today’s upheavals the point being reinforced is how devious and self-serving are the politicians (and their deep state fiends) who lead us!

    So yes of course let’s agree that Putin and Xi should start a nuclear oblivion because of the ‘territorial’ squabble between Russia and Ukraine and the fact that the US and its allies deserve to be punished for their sinful control of world affairs!

    Afterall, we are all evil and will die in or out of a rapture anyhow, right!!!

    Another tale to be told (or not) sometime in 2060 or so of how we were so deviously taken to the brink of destruction by corrupt, self-serving power-players in 2023!

  16. David Avatar
    David

    @Dee Word

    If nuclear powers did not cross the red line in the Cold War era to obliterate life on the planet, what makes anyone think it will happen today? And if it does, it is an academic exercise? Frankly a pragmatic Blogmaster can care less.

  17. Don't Play That Song Avatar
    Don’t Play That Song

    Propaganda News Daily
    Banking War Games
    War Crimes Court
    Cyber Attacks
    Stress Tests
    Boom

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

    Anyone volunteering to warm the cell bed…lol..wuh i been hearing about indictments a while now.

    “Convicted money launderer Donville Inniss is expected back in Barbados soon after spending two years in a United States prison. A source close to the former Minister of Industry, International Business, Commerce and Small Business Development told Barbados TODAY that Inniss is returning to Barbados around month-end, following deportation.”

  19. Pachamama Avatar
    Pachamama

    For the backward
    The status quo during the Cold War was vastly different than we have today. Such a comparison is puerile, misleading, grossly ill -informed.

    All the critical literature on this matter by a broad range of people currently watching these circumstances contend.

    For examples, the whole communications systems, the speed of delivery and nuclear weapons control treaties have been almost totally eviscerated. We may go on and on.

    Well, if we’re nearer to a nuclear holocaust, as determined by the Bulletin of Nuclear Scientists, than during the Cold War and that is not as important as GDP or raasoul tourist arrivals, then it’s very smart to not give a rat’s ass about it.

  20. Pachamama Avatar
    Pachamama

    Atomic scientists

  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..

    “Putin: China plan could end war, but Ukraine and West not ready for peace
    By James Gregory
    BBC News
    21 March 2023, 17:13 GMT
    Updated 25 minutes ago”

  22. Pachamama Avatar
    Pachamama

    Waru
    They have no choice. For a negotiated peace at this time amounts to a massive defeat, even capitulation, not of Ukraine but of the entire West. They can’t accept that!

    Waru, understand! This is not a game of give-backs, as we use to play as kids. Think about how the British had to surrender empire to the Americans after WW2, and before even.

    Deep in debt. A broken country. You know the results.

    And the West is between the devil and the deep blue sea. A Thusidedes Trap! They can’t militarily defeat anybody. And have not won a war since the invasion of the Phillipines, 1898 circa. But war is the only threat they can exercise.

    A face-saving peace is the same as a military defeat in geopolitical terms. For much of the world has already sided with Russia and understands this signal moment in time. These forces could more decide the winner than anything else.

    For Russia, now that it has committed. It must ensure that NATO can never threaten it again. Otherwise what’s the use.

    The Chinese as negotiators know quite well that they are the real targets of empire. Maybe, they’ll be trying a double-do. Really, why else would they want NATO singularly focused on them. That makes no strategic sense.

    The only end we see is the total defeat and surrender of Ukraine. With the West limping along to a certian and painful end to empire thereafter. For a defeat of Ukraine is tantamount to the defeat of the West.

    And the Russian Federation is winning this war by a country mile as even the assholes who read mainstream media are now being prepared for. Once defeat comes they’ll just stop talking about Ukraine.

    The only option they have is nuclear. And even with that the Russians and the Chinese outmatch them.

    Of course, there’s a deeper historical context in which these circumstances are properly located. Unless these are understood everything one thinks is known will merely serve to confuse.

  23. Pachamama Avatar
    Pachamama

    Waru
    Just saw the Chinese peace proposal. Not really a peace proposal per se. It is more aspirational, seeking to cover themselves as well. Just like we figured without even seeing it. Know these people well. The ways they think.
    It’s about more than stopping this war. It about preventing the next one against them.

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

    “It’s about more than stopping this war. It about preventing the next one against them.”

    Self protective mode, just as I am right now.

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

    Pacha…that will last a while…unless something really significant happens to end it completely.

  26. Orange is the new Black Avatar
    Orange is the new Black

    Victimhood can be styled out to the max.

    Orange is the new Black
    Trump now wants to play the sympathy card of being arrested and handcuffed on primetime TV to get back into the Whitehouse as Republicans and White Supremacists rally around and throw donations at him. In prison he will be the Don Dadda.

  27. the war that ends all wars Avatar
    the war that ends all wars

    “It’s about more than stopping this war. It about preventing the next one against them.”

    The only good war is the war that ends all wars

    Russia is too big an opponent for the White Warmongers so they went around the houses to rally up allies and dropped illegal economic sanctions on dubious tentative links.

    When the White boys were warmongering for the last 20-30 years fueling terrorism in Middle East, the Chinese were developing the underdeveloped World and building infrastructure like Ports Roads and Railways to link up people of Colour.

    Skin colour is superficial, beneath the skin is flesh and bones and we are all the same but different. Children of Slaves are strong and have bigger muscle and bone density mass. Asians have good brains. Whites are mediocre and average but the White mindset thinks they are the Boss and Superior and another Inferior due to the complexion of their skin colour, which is actually a genetic mutation from mixing with neanderthals, and they cannot catch the sun or they will burn and catch a cancer.

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

    Pacha…i have concluded in this whole saga that when Massa sets some boundaries for their small island employees, these types of attempts on family members can never occur based on information the evildoers have on empire.

    These have no morals, ethics or integrity and have had no problem crossing boundaries over and over like they are entitled…but they will not get away with another attempt…

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

    Has anyone ever heard of this?

    “The reference by Yol about Barbados and the 1661 Slave Code is interesting. To rectify some of the effects of that slave code, Barbados has been chosen to table a resolution to the United Nations from as far back as 1995 for October 12 to be designated a day for truth, justice, peace, healing, and reconciliation. The resolution was also to counter and exposed the proposal depopulation programme of Bill Gates and his colleagues who have the mindset that Afrika is of too great of significance to the world for it to be inhabited by black people. To this day the government of Barbados have not responded to the proposal put to it in 1995. It would be good if the subscribers to this link could write the government and ask why it has not tabled the resolution.”

  30. GreenMonkey Avatar
    GreenMonkey

    Feds Using Banking Crisis to Usher in Central Bank Digital Currency, Experts Warn
    Experts warn that recent bank failures and the stabilization measures taken by the Federal Reserve and Wall Street are creating even greater bank consolidation — which could further pave the way for a central bank digital currency.

    By
    Brenda Baletti, Ph.D.

    The World Economic Forum (WEF) has a working group dedicated to ensuring the different national CBDCs are interoperable. Just last week, the WEF argued that CBDCs are “inevitable.”

    CBDCs are promoted as digital tokens that can simplify monetary policy and bring about convenient cashless societies.

    They’re also sometimes said to be similar to cryptocurrency due to their digital nature, but there are key distinctions as they currently exist.

    While cryptocurrencies are decentralized and seek to allow anonymous transactions, CBDCs are centralized and can track every transaction.

    That’s why CBDC skeptics, like Austin Fitts, have argued, “CBDCs are not currencies, they are a control tool.”

    For example, CBDCs are programmable, so they could allow authorities to limit purchases, payments and income in whatever ways are deemed socially beneficial, set which vendors money can go to, or reward and punish people for particular behaviors.

    Critics argue that CBDCs could be used to punish those the government deems are engaging in criminal activity in the way that the Canadian government cut off the protesting truckers’ access to credit cards and bank accounts.

    Krieger tweeted that the banking crisis contains many elements key to the move toward a CBDC.

    More:
    https://childrenshealthdefense.org/defender/banking-crisis-central-bank-digital-currency/?utm_source=luminate&utm_medium=email&utm_campaign=defender&utm_id=20230321

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

    Pacha..etc…Kush Quarterly Magazine April – June 2023 issue is now published.

    There is an article on the Twa and the Neo-Kemetic Manifesto is on page 12….you will find that one thought provoking..notice i did not bother with a disclaimer..

  32. David Avatar
    David

    @Bush Tea

    What is view about credit unions in Barbados (and government) unable to arrange a level of protection for credit union members as it pertains to deposit insurance – to be aligned with banks? If it is implemented it adds another layer of expense to the bottom line of credit unions? However in a world composed of systemic volatility a necessary benefit credit union members deserve?

  33. never judge a book by it's cover Avatar
    never judge a book by it’s cover

    BTW Yola WaWu WuWa
    “They” say you should never judge a book by it’s cover..
    … but I like the cover design for the 2nd book
    (even though the contents is still a work in progress)
    (Warning: “The Man” may delete this post like snapchat)

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

    “but I like the cover design for the 2nd book”

    Glad you like it..

  35. Pachamama Avatar
    Pachamama

    Greenie!
    What about the underlying value creation metrics to undergird digital currencies?

    Financial capitalism cannot forever, steal resources, steal value from others, force others to use their digital forms, promote borrowing, promote begging, encourage countries to sellout the commons.

    As you no doubt know, money is largely created out of thin air by commercial banks. Could this not be already a digital form?

    Waru
    Thanks. Will have a look, report.

  36. a safe bet or "banker" Avatar
    a safe bet or “banker”

    Banking and Investing are gambles
    but a safe bet or “banker” would be
    to bet on Cuba to beat Barbados in today’s footie

  37. TheOgazerts Avatar
    TheOgazerts

    I was about to leave, but you had to mention one of my favorite items.
    I get my soccer from ESPN+, Peacock, Paramount TV and when it is on Telemundo, USA, or NBC. BU and soccer are my favorite things.

    I get my cricket from ESPN but I dare not watch it on TV. I read a summary of the results of the ODI of South Africa versus the WI. To read of how South Africa batted brought tears to my eyes: 300 runs off of two overs. It was if Gods were playing mortal man. Hopefully, Mr Hants had other things to do than watch the game.

    I was never into cricket, but even at my age I think I should try out for the West Indies team as an all-rounder. A savior is needed and I may be the man for the job. With 0 being the most recent highest score made by our batsmen, I might get us on the scoreboard with a single run. As a bowler, I know I have to knock down the stumps for I doubt that men who cannot field and bat can catch a ball. I am ready to play. I am ready Of course I must give you my theme song “Send me in Coach”.

    Have a great day Barbados
    Turn off your TV an radio when you hear the words soccer or cricket.
    Enjoy the day.

  38. Hants Avatar
    Hants

    @ TheOGazerts

    Walter Blackman on Brasstacks. He is a good moderator.

  39. GreenMonkey Avatar
    GreenMonkey

    “As you no doubt know, money is largely created out of thin air by commercial banks. Could this not be already a digital form?”

    I agree, money is mostly numbers typed into computers, created through fractional reserve banking, e.g. when banks give out loans worth multiple times what they have on deposit (and likewise money is simultaneously being destroyed as bank loans are paid back). However, with the move to CBDCs (which will of necessity be tied to everyone having a digital ID) the plan is to give humanity’s overseers a convenient way to control any form of dissent by more easily controlling where, when and how you are permitted to spend your governement provided living allowances (for those of us still alive in an AI run world after the Trilateral Comission/WEF/UN planned great economic reset).

    Mike Yeadon, a former VP at Pfizer:

    “When People Tell You What They’re Going to Do, Don’t Ignore Them”

    “So when the UN and Bill Gates and Klaus Schwab tell you … you won’t be traveling, you won’t have a private car … you won’t own anything, and you’ll be happy. You probably won’t live in your own house; you’ll be using much less energy for everything, including heating, manufactured goods, and so on. When they tell you that, you should assume that they’re serious about it.”

    https://twitter.com/VigilantFox/status/1638315103643660288

    Boom: Trilateral Commission Declares “2023 is Year One of this new global order”

    When Schwab says that the WEF is “reimagining the future”, he is flatly misleading. The future was already reimagined by early members of the Trilateral Commission such as Zbigniew Brzezinski, David Rockefeller, Richard Gardner and, Henry Kissinger (all founding members).

    On June 3, 2020, Schwab wrote on the WEF blog,

    To achieve a better outcome, the world must act jointly and swiftly to revamp all aspects of our societies and economies, from education to social contracts and working conditions. Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. In short, we need a “Great Reset” of capitalism.

    Now the Trilateral Commission, acting as quarterback, has relayed the call to the WEF that “This year, 2023, is Year One of this new global order.” In other words, pull out all the stops. The Great Reset has arrived. Execute the battle plan to terminate capitalism and free market economics.

    What does this mean for 2023?

    As I have written, we are already experiencing a “polycrisis of doom” where multiple crisis are descending upon us at the same time. There is a man-made energy crisis that is warring against coal, oil and natural gas. There is a man-made food crisis that is warring against all traditional food systems. There is a man-made financial crisis that threatens total collapse of the existing financial system. There is a man-made military conflict between Russia and Ukraine that threatens WWIII.

    Any one of these pending crisis could be seen as a “scorched-earth” policy where total destruction is possible down the the ground level. If all four are unleashed at the same time, it would be the equivalent of atomic warfare resulting in a literal “dark winter”. Such a collapsed world would then be ripe for total capture and rebuilding into Technocracy’s dystopia.

    http://www.technocracy(DOT)news/endgame-unleashed-trilateral-commission-declares-2023-is-year-one-of-this-new-global-order/

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

    Pacha…looks like clearer heads are prevailing..

    “There Are No Winners In A Nuclear War, And One Must Never Be Unleashed — Russia And China In Joint Statement.”

  41. Big Boy and Fat Man Avatar
    Big Boy and Fat Man

    The only nukes that have been used were by the septic tanks in 1945 when they dropped Big Boy and Fat Man out of Enola Gay in Hiroshima and Nagasaki and killed ’nuff Jap civilians dead like fumigating cockroaches. Their bodies melted away like marshmallows in hot drinking chocolate. Mutual Assured Destruction is madness.

    It has been said that in the first Cold War Arms Race The Eagle and the Bear were really working together using each other as excuses to spend stupid money on thousand of booms.

    [It has also been said that low level nukes were used on 11th September 2001 in NYC as there were thermal imaging heat traces above the city that supported this and many died of lung cancer after the event]

  42. David Avatar
    David

    A bleak outlook by Caribbean private sector leaders.

    https://caribbean.loopnews.com/content/62-caribbean-ceos-think-economic-growth-will-drop-2023-3

  43. Pachamama Avatar
    Pachamama

    Waru
    No! That would be a wrong reading. For those two are only on one side of a multifaceted equation. There are any number of other variables and sub- variables which are entirely out of their control. For example, North Korea, Israel, the USA, the UK, France etc, all of which possess nuclear arsenals. Many of which are on hair trigger alert. Always a mistake can happen, a misreading of a situation. And if one goes off, even what the West has deemed as battlefield nukes, small nukes, there is no universal acceptance of this uniquely, neoconservative, idea as popular in Washington. That may encourage others to get theirs launched at their enemies, perceived or real, before they are destroyed in the silos, either by direct impact or decapitation or malfunctions of their internal mechanisms as a collateral damage. We’re afraid it’s not that straight forward. Of course, in such circumstances there is no need to ponder the pesky problem of another financial crisis.😜

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

    “Always a mistake can happen, a misreading of a situation.”

    Definitely a new area for me. Highest levels of drama.

  45. Pachamama Avatar
    Pachamama

    Greenie
    We largely concur.
    However, monetary expansionism is not in the end netted out as a result of the creation and repayments. It’s not a balanced or balancing equation, if this was your suggestion?

    Were that to be so it would be difficult to explain net increases in money supply as a contributor to inflation. Or the 650 trillion in derivatives issued by the top four US banks. This alone is 6 or 7 times the GDP of the entire world.

    Other that this, we share you concerns.

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

    In for the long haul Pacha..

    “West Must Brace For Protracted Ukraine Conflict — Scholz

    German Chancellor Olaf Scholz warned that the West should prepare for a protracted conflict in Ukraine. He predicted that even after the fighting had stopped, the consequences of the confrontation would persist.”

  47. David Avatar
    David

    US raises interest rates despite banking turmoil

    https://www.bbc.co.uk/news/business-65041649

  48. David Avatar
    David

    Interesting the Fed took the step to raise interest rates given the unease in the financial sector. Banks with large bond holdings may be exposed.

    https://www.stlouisfed.org/on-the-economy/2023/feb/rising-rates-complicate-banks-investment-portfolios

  49. Pachamama Avatar
    Pachamama

    Waru
    Please don’t let them mislead you.

    Right now the Russians have the fascists NATO forces in three (3) separate cauldrons, encirclements.

    The largest of which is around Bakhmut or Artyomovsk as the Russians call it, where 20,000 NATO fascists troops face annihilation. The Russians have already killed 257,000 NATO soldiers and inflicted 300,000 to 500,000 casualties.

    Three separate NATO armies have already been destroyed, including this one.

    Look Waru! The West lacks the industrial capacity to supply their fascist foot soldiers even with enough shells. And this has been a war of artillery. This is the classical industrial warfare. The West has no such capacities. Financialization has seen to that.

    The Russians have been firing up to 60, 000 artillery shells daily, while NATO’s foot soldiers could hardly fired 6000.

    Indeed, 75 percents of the NATO dead have been as a result of this overwhelming artillery power of Russia.

    Further, NATO have emptied their stocks of weapons to the point of threatening their own defence capabilities.

    You should expect a military capitulation no later than this summer. This war has long been lost, by the fascist West. But they intend to fight to the last Ukrainian.

    And the Ukrainians have been sending men as old as 60 and boys as young as 16 to the front lines of the meat-grinders the Russians have subjected them to.

  50. Pachamama Avatar
    Pachamama

    Waru

    At 2:09 we forgot Pakistan and India. Two more nuclear powers. More variables into the equations.

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