‘Scrutineering’ The Financial System

Submitted by the People’s Democratic Congress

Central Bank of Barbados

Income lending in Barbados only takes place when persons, businesses and other social entities – on the basis of oral/written agreements – lend portions of their incomes/payments/transfers (expressed in dollar terms) to one another, or in some cases, to the government – on condition that these latter repay such portions of income/payments/transfers, with more of the same, at whatever times in the future.

This is some thing that happens on a daily basis in Barbados, and whether these loans are drawn from their own internal personal accounts, or from their own external institutional accounts (banks, credit unions, etc.), this type of income lending is non-institutional in nature, and does not normally involve interest charges. Also, the old su su or the meeting turn is a form of such lending.

Whilst it is true that this form of lending can some times be exceedingly risky and can be fraught with actual legal, financial and physical challenges, it is this type of lending that does a lot to stimulate a decent level of business and debt clearing activity in Barbados, though it does a little or nothing still to offset the very exceedingly high cost of use of money and the very high cost of borrowing in this country.

Read full article

9/11: Explosive Evidence – Experts Speak Out Video

Submitted by Green Monkey

Professional Engineers, civil Engineers, structural Engineers,  mechanical engineers,  fire protection engineers,  chemical engineers, a metallurgical engineer, an electrical engineer,  an ex-military combat engineer, architects, ex-firefighters, scientists (inlcuding mathementaticians, chemists and physicists) explain why the National Institute of Sceince and Technology (NIST) explanation for the destruction of the 3 WTC towers on 9/11 solely as the result of the collision of the hijacked airliners and resulting office fires or, in the case of WTC 7, just office fires alone, is a coverup.

These enigneers, scientists and academics believe that sinces the bulk of the evidence from the WTC site was shipped out before it was subject to a forensic examination; since NIST ignored multiple reports by first responders, news reporters and others witnesses of explosions and flashes of light at the time of (or just prior to) the collapses;  since NIST did not follow established procedure as laid out in regulations to test for incendiaries at sites of building destructions where molten steel or molten concrete is found ( both were found at the WTC after 9/11); since NIST ignored the evidence of the minute iron spheres in the WTC dust (evidence of much higher temperatures than can be caused by office fires or burning jet fuel); and since NIST final explanations  of the way the buildings fell are clearly  in contravention of some very fundamental laws of physics, their investigaion is invalid.  They believe the NIST reports must be rejected and a new investigation, independent of government,  completed which will look at all the available evidence and take into full account the laws of physics.

http://www.youtube.com/watch?v=lw-jzCfa4eQ (2hr 15min)

Know Thine Enemy

Excerpts from the book “Cocaine and Heroin Trafficking in The Caribbean – The Case of Trinidad and Tobago, Jamaica, and Guyana”, by Darius Figueira. This book is available at the UWI Bookshop and online on Amazon.com.

“The dominant race based illicit drug transhipping organisations/race groupings are:

The Syrian/Lebanese grouping. This grouping consists of crime families descended from Syrian and Lebanese immigrants to Trinbago and generations since born in Trinbago. ..The Syrian/Lebanese organisation has created a division of labour in which their illicit drug transhipping is masked by the legitimate front businesses and drug money laundering operations that pass for legitimate businesses.

BU If The Next General Election Was Held Tomorrow, Who Would You Vote For; DLP or BLP?

Austin

The people of Barbados spoke loud and clear in the last election for change they could touch and feel. Their vote came after hearing all the “right stuff” as detailed in the DLP manifesto. However what was lost in the excitement of the historic moment was an analysis of whether the promises in the DLP manifesto could actually be fulfilled.  At this point the answer appears to be an honest and disappointing “NO”, but don’t take my word for it go review the DLP manifesto and see what was accomplished to date “not much at all”.  The blaming of the global recession for all our challenges in Barbados as a reason to “not act” in defense of Bajan families on a wide range of issues, gets weaker by the minute.

As a political observer the logical question that comes to mind is whether “today” the people’s choice of a DLP administration to bring about desired chance was a good choice, again the answer is been proven as “NO”.

Related Link

• BU If The Next General Election Was Held Tomorrow, Who Would You Vote For; DLP or BLP?

A Mad Decision By The DLP Government

From the Facebook Page of Agyeman Kofi

The Barbados Labour Party spent $30 million in Greenland despite the protestation of lone wolf Richard Goddard. In the year 2011 money is still being spent on a project that will not happen.  Dr Denis Lowe and the DLP is about to commit folly in burning $400 million to burn garbage in a Waste to Energy plant in St Thomas. Now would you believe this is the same government that wants to promote Community recycling? Would you believe this is the same government which is getting millions from the IADB for Renewable Energy and Energy Efficiency?

Why speak about the environmental issues and now decide to set up a plant which will produce fly ash, Dioxin and acid rain? Imagine I had a discussion with a minister who is framing this decision and he had not a clue on what is recycled in Barbados. Let me tell the population of Barbados who care that six months after the Nuclear Incident Japan which was not suppose to happen high radiation levels are still being detected. In January 2011, residents of Checker Hall and surrounding areas where seen sweeping up tons of Ash from the Arawak Cement Plant after their Scrubber had broken down. Do any of you recall hearing anything from the Government or Environmental Protection Department.

Working Harder To Keep Barbados Sweet

The news that Trinidad has overtaken Jamaica as the murder capital of the English speaking Caribbean should be a wakeup call for Barbadians. Despite several assurances from Attorney General Adriel Brathwaite and Commissioner of Police Darwin Dottin – who seem persuaded by the statistics – ordinary Barbadians in the workplaces, supermarkets, bus stops and elsewhere have become very concerned that serious crime is on the rise in Barbados.

Barbadians in the majority applaud the Barbados Police force (BPF) for doing a good job to catch criminals. To echo the statistic given by the Commissioner during his most recent press conference, the BPF has a success rate of about 70% murder solve rate. The issue which the leadership of law and order in Barbados fails to grasp is that such a statistic will do little to quell the rising fear that murders and other serious crime is occurring in Barbados with ready frequency.

Of the many characteristics which differentiate Barbados from the rest; we are known to enjoy a stable social and political landscape. The one thing which can disrupt it is for crime to be perceived as being out of control. BU does not have to recount the story of the bloodbath which resulted in the hunt for Dudus Coke or the circumstances which led the Trinidad government to impose a curfew which has had to be extended.

Redjet: About Time To Say Goodbye

Submitted by Looking Glass

REDjet CEO Ian Burns

Redjet reminds one of a dying man gasping for breath. The CEO, having claimed to have met with Caricom officials, is claiming fictional success and profitability almost everywhere except St Vincent and attributing success to the Prime Minister. He told the Nation (7/20/2011) that your “intervention paved the way for Redjet to fly to Trinidad and Jamaica.” We supposedly own 51% of the airline and have a minister on the board but so far not a word from the PM or anyone there. Is this a case of fiction following fiction? Now we hear that Redjet is seeking to operate a charter service between Florida and Dominica, and six new low fare routes will include Panama and Antigua in three months time. Does Redjet have license to operate out of the USA or anywhere beside Barbados and Guyana? And through it all the normally very critical opposition remains strangely silent

The Advocate (8/9/2011) reported that Redjet received licences to operate scheduled passenger air services to and fromTrinidad,GuyanaandJamaicaand intermediate and beyond points were granted “in accordance with the agreement between the governments ofBarbadosandTrinidadand beyond their respective territories.” The Trinidad Express (8/6/2011) reported the same thing and that St Lucia’s Civil Aviation Minister told the Caribbean Media Corporation (CMC) “the airline was granted entry into their market a couple of months ago and could begin flying in October……We had meetings in Panama with Redjet with the idea of getting Redjet to operate into Panama both out of St Lucia and Barbados.”

The Pride (Toronto) (10/8/2011) noted that “the licences were granted in keeping an ‘open skies’ agreement between Port of Spainand Bridgetownthat allows for mutual recognition of carriers and automatic permission for air services between and beyond their respective territories.” The “open skies” policy is an ‘agreement’ between certain countries to which none of the islands are signatory. That Trinidad whose airline (CAL) doesn’t serviceBarbados has or will facilitate Redjet makes no sense. The PM stated that competition between Redjet and Liat should be seen as good for business and “part and parcel of the right to freedom of movement as enshrined in the Treaty of Chaguaramas” (Advocate 7/6/2011). The Treaty relates to land sold to theUSA ages ago. It has nothing at all to do withBarbados or the islands. That you were told this falsehood by a certain soul inTrinidad evokes more than suspicion.

The Infinite Majestic Abyss Of Divine Darkness By Chief Elder OSIRIS

Submitted by Ras Jahaziel

Chief Elder Osiris Akkebala shares what he received from The First Way

CARIBBEAN STOCK REPORT 05 September to 09 September 2011

Compiled by the Department of Management Studies, UWI Cave Hill - Click image to read in PDF

It Is Time For Arthur To Cut A Deal With Mamma Mia!

Opposition Leader Owen Arthur (l) Mia Mottley MP (r)

BU has to confess the politics on the Barbados Labour Party (BLP) side at the moment is puzzling. With just over a year to go to a constitutionally due general election the commonsense strategy for both parties is to agree to a competitive slate of candidates and settle any grievances between members – especially if they are prominent – have them resolved quickly.

The recent DLP general conference appears to have Jack and Jill lining up behind Prime Minister Fruendel Stuart. If there was plan to hatch a Chris Sinckler plan it seems to have been placed on the backburner for the moment. What is shaping up to be intriguing is unravelling on the BLP side.

We all recall how Mia Mottley was taken out by the so-called gang of five. It came as a surprise if for no other reason it required George Payne to throw his hat behind Arthur. All kinds of reasons have been floated why Mia Mottley lost the support of parliamentary colleagues – the fear of Mottleyism, concerns about how party funds were being spent, the profile of persons she had following her which crowed out the ‘regulars’, her lifestyle, and the list is long.