Tag Archives: Finance

Notes From a Native Son: As a Retail Investor It is Important to Take Cautious Steps when Investing

Introduction Recently I received an email from a desperate retail investor raising serious questions about her investment in a well-known Caribbean fund manager. I know the feeling. The world is still trapped in an acute financial crisis which experts are only now beginning to understand and which is concentrating minds when it comes to where to invest your hard-earned money.

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Banking In The Twilight Zone

Submitted by islandgal246 A strange thing happened to me on Monday September 19th 2011. I went to deposit some US cashiers cheques (bank drafts I received from family last week ) to my savings account with a local bank that has been operating in Barbados for some years. I proceeded to fill out the deposit slip in front of the

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China Takes The #2 Spot From Japan, USA Next – What Are The Implications For Barbados In The Ongoing Sino-Western ‘War’?

Submitted by People’s Democratic Congress (PDC) While many people on here on BU blog on much trivia and whilst many citizens in Barbados itself talk and engage in much foolishness and crap, and are systematically being sidetracked by many Eurocentric Westernized into doing so, we in the PDC, and we suppose some others too in Barbados, are presently  learning that

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Is The Central Bank Of Barbados …?

The popular online newspaper Barbados Today reported (20.07.2010) the surprising loss incurred by the Central Bank of Barbados (CBB) in the amount of 9.4 million dollars. It is unusual for a Central Bank to report a financial loss in Barbados. Barbados Today quoted President of the Barbados Economic Society Dr. Winston Moore, “The Central Bank of Barbados reporting a loss

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Developing Countries Continue To Be Buffeted In The Global Economic Storm

Those following the current global financial crisis, particularly events unravelling in Europe (EU) would have taken note of the call by French President Nicolas Sarkozy and German Chancellor Angela Merkel last week to ban ‘short selling; and ‘naked credit-default swaps’ on sovereign bonds. Credit-default swaps are derivatives that pay the buyer face value if a borrower — a country or

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Banking Crises: A Sequel Of “Inglorious Basterds” Who Engineer Deprivation, Loss And The Decimation Of Private Property

Submitted by Terence Blackett When it is dark enough, you can see the stars. – Persian proverb Timothy Geithner (Obama’s economic “spin-merchant”) was in London last week to meet with George Osbourne – the new (“green-around the ears” Chancellor of the Exchequer) and as I looked at these two young whippersnappers, I realized why the current economic climate lacks vision,

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To Tax Or Not To Tax

Submitted by Looking Glass Theories like ideology are “rooted in the material conditions of life, but despite what we are led to believe or want to believe there is no unilateral or universal relationship between the…the relations of production and the political and legal superstructure. The structure of society exerts a determinative effect upon the ideas which assume prominence. Economics

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The High Stakes Card Game

The BU family has discussed debt in earlier blogs, BU family Green Monkey member posted the video Money as Debt which presents the dark side about how debt is created and managed in the banking system. Another family member Looking Glass recently sent us the link to the video posted. What BU found interesting in the video was the reference

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Cash Flow Problems In Government, Printing Problems At The Nation Newspaper, West Jet Coming And Drug Money Bailout Of Banks

The recent announcement to postpone the payment of salaries to civil servants on the eve of Christmas has to be viewed as insensitive by the government. Bear in mind there is precedent for paying salaries early at Christmas time. There is the recession which has impacted Barbados and by paying salaries early could have served to mitigate current hardship as

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A Quizzical View Of The Banking Sector

Submitted by RJH Adams (as a comment) Comment on the crisis (global financial crisis) has focussed mostly on the US despite this being a global event (and, arguably, it was a French bank that truly kicked things off). You follow that trend. Yet in Barbados, most of the commercial lending system is sourced in Canada. Much play was made locally

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$901,659.15

What would almost ONE million Dollars be doing in an ESCHEATED ‘checking’ account (# 01283012) under the name of the Ministry of Finance Poverty Alleviation Grant? See page 46a Sunday Sun 29th November 2009 where the Barbados National Bank Inc, lists a number of unclaimed or dormant accounts. Would this not have been picked up by the Auditor General and

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Banks in Barbados

Submitted by Terence Blackett How Unlawful Bank Charges, Variable & Adjustable Interest Rates and the Practices of Corporate Bigotry and Institutional Prejudices Affect Black Businesses and Individuals? A banker is a fellow who lends you his umbrella when the sun is shining but wants it back the minute it rains – Mark Twain Virtually all countries in the world operate

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Economists And The Central Bank Report

Submitted by Looking Glass Given the plethora of utterances flooding the various media, if our survival depends on the understanding of the socio-economic dynamics of the country then we are in deep trouble. It would appear that we understand little about the country and less about how the real world spins. We appear to be lacking in ideas, have a

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On The Road To Perdition: A Decade Of Distress And Discontent

Submitted by Looking Glass Another deficit budget is hardly surprising. Given the economic structure and reliance on fickle tourism and construction more deficit budgets will likely continue. The net effect will be to expand the gap between happiness and misery. There is a correlation between public and private debt in a population whose mental set permits lavish consumption and government

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