56 responses to “Debt is our new slave master”

1. 

   David

   January 16, 2025 at 2:22 am

   
   

   Move to woo investors

   THE MINISTRY OF FINANCE says steps will be taken to woo more investors into buying Government paper.

   This includes the development of “a comprehensive programme in which investors are offered a lengthened set of maturity and trading options”, and strengthening Government’s investor relations programme, including enhancing transparency, which “should assist in building demand”.

   The plans are documented in the Medium Term Debt Management Strategy (MTDS) for the 2024 to 2027 fiscal period.

   Government said the primary risk to the debt strategy for more domestic financing “would be a rise in the interest rate in line with an extension of average maturities and a departure from terms agreed in the 2018 debt restructuring”.

   The MTDS said “demand for short-term domestic issuance is strong and likely to increase as investor confidence grows and amortisations on the existing stock accelerate”.

   “Demand for longer term maturities is expected to expand with ongoing economic growth, heavy liquidity provided to the market from amortisations in the existing stock, continued performance under the International Monetary Fund (IMF) programme and credit rating upgrades.”

   The strategy document explained that “building upon the regular treasury bills issuances that commenced last year [and] increased domestic issuance will be a priority for Government during the strategy period”.

   “The Government plans to develop a comprehensive programme in which investors are offered a lengthened set of maturity and trading options.”

   Domestic investors

   “This engagement of domestic investors is expected to benefit from periods of sustained economic growth in the economy, continued engagement with the IMF and multilateral partners, and scheduled amortisation of domestic securities.

   “As confidence builds, larger volumes and longer maturities will be offered to meet the redemption profile of the existing debt stock.”

   The MTDS also details Government’s plan “to continue to issue sustainability linked bonds and loans to boost domestic demand”.

   “This strategy, which was adopted in 2022 as part of the Government’s inaugural blue bond, involves the issuance of debt which is 100 per cent guaranteed by multilateral partners – or other highly rated international partners – to indirectly fund projects which include conservation goals.”

   “Although such sustainability linked projects require significant time to develop, they allow the Government to broaden its product offering to domestic investors seeking diversification and environmental impact.

   “The Government plans to continue to use the proceeds of sustainability linked bonds and loans to fund debt swaps to meet the goals of its debt strategy, including developing the domestic securities market and maintaining the downward trajectory of the debt to GDP ratio,” the MTDS added.

   (SC)

   Source: Nation

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2. 

   Bush Tea

   January 16, 2025 at 8:34 am

   
   

   Good initiative…??!!
   Barbados is the ideal place to ‘woo’ BBs into handing their savings over to a government – whose strong points are borrowing and restrucruring debts.

   Now, if we were seeing National investment initiatives in PRODUCTIVE enterprises, or even into critical services areas such as health services and food security …. THEN one could see the value of investing with government.

   But the ONLY actual productive investments to be seen are in tourism – and these are 95% foreign-owned, controlled, and the profits drained from here.
   Meanwhile, critical service areas such as energy, communications, retail, insurance, and banking are 95% foreign owned, controlled – and the profits drained from here.

   Why then would Bushie be ‘wooable’ to invest his seven hundred and sixty eight dollars and thirty nine cents (plus the extra twenty three cents in interest for last year) …in government paper?

   WAIT!!
   Is it because the GOVERNMENT has allowed the foreign vultures to rip off our savings and to steal our attempted investments – to such an extent that THEIR papers – although bottomless like the deep blue sea, appear to be the better choice when compared to the foreign devils?

   Between the devil and the deep blue sea….

   What a place
   What a government (all of them)
   What a curse

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3. 

   The OG

   January 16, 2025 at 8:55 am

   
   

   “Why then would Bushie be ‘wooable’ to invest his seven hundred and sixty eight dollars and thirty nine cents (plus the extra twenty three cents in interest for last year) …in government paper?”

   Who you know? You must have connections. I think you are getting twice the interest rate that I got. Hook me up with your banker.
   I find it surprising that after all of your remonstrations that you are traveling with the in-crowd.

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4. 

   555dubstreet

   January 16, 2025 at 9:12 am

   
   

   Know your History
   When you know your history, you know your value. You know the price that has been paid for you to be here. You recognize what those who came before you built and sacrificed for you to inhabit the space in which you dwell.

   Banks are Slave Traders for fucks sake

   Merchants and investors in slave trade

   A wide variety of merchants and investors wanted to be part of the slave trade economy . It seemed as though almost anyone could become involved if they had the goods to supply the trade or the money to invest in a voyage. People such as sail-makers and bakers were also required to service the ships and the crew. Work for many people in and around Bristol was created by the slave trade. Many small companies and business people would have been involved directly or indirectly through their business activities.

   https://www.discoveringbristol.org.uk/slavery/people-involved/traders-merchants-planters/merchants-investors/

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5. 

   NorthernObserver

   January 16, 2025 at 12:42 pm

   
   

   Lorde seems to get it.
   Regularly writers seem to forget in addition to Govt paper, many companies were owed money from SOEs, and had been for a long period. They got this money, (I believe) but only after one, and sometimes two haircuts. Even today I am told, certain businesses only sell to govt agencies C.O.D.

   I am unsure, because it can be a nebulous term, there is any common understanding as to what “transparency” means or entails. It gets used a lot. And we see very little from Gov’t and SOEs. Some seem to think a press conference where one makes a prepared speech and answer questions, equals transparency. It doesn’t. It’s good, but independently verified reports are the standard, and which are available for public scrutiny. If you have them, but keep them in a filing cabinet or hard drive, that is obscurity or secrecy.

   Considering all the hands on deck the taxpayers are funding, is it wrong to ask they account, in independently verified detail, as to how monies are being spent, and the decisions taken by the various Boards who represent the taxpayer.

   I cannot recommend touching government paper, until they are more forthcoming in providing the independently verified information the law requires.

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6. 

   Tron

   January 17, 2025 at 1:37 pm

   
   

   At least we are not the only “bonded” slaves of the international financial market.

   Look at USA, France, Ukraine, Greece, Italy, all white states and all highly indebted financial slaves.

   The global spirit ensures equality and justice here.

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