Caribbean News Now!

By Dr Ralph E. Gonsalves
Prime Minister of St Vincent and the Grenadines

This extensive paper, which will be published in several parts, is an edited version of a longer document which formed the basis of a presentation made on August 24, 2012, by Dr Ralph E. Gonsalves, Prime Minister of St Vincent and the Grenadines, at the closing session of “the Fifty-Fifty” Conference of the Sir Arthur Lewis Institute of Social and Economic Studies (SALISES) of the University of the West Indies in Kingston, Jamaica. Among other things, the publication excludes the section on “the Grenada Revolution” (1979 – 1983) which is amply covered in the prime minister’s autobiography entitled The Making of ‘the Comrade’: The Political Journey of Ralph Gonsalves.

This paper contains, too, the essence of Dr Gonsalves’ discussion on the subject “Rethinking Policy to Address Low Growth and High Debt: The Economic Challenges Facing the OECS/Caribbean” on September 04, 2012, at a recently-concluded “High Level Forum” sponsored by the International Monetary Fund, the Caribbean Development Bank, and the Central Banks of CARICOM member-countries at Port-of-Spain, Trinidad and Tobago.

The ideas of Dr Gonsalves, contained in this paper, are well-known to those who have followed his speeches and writings, especially his Budget Addresses, his United Nations Speeches, his Addresses to CARICOM and OECS, national and international gatherings, and his various publications over the past dozen or so years. They constitute what he calls “a compelling narrative” for socio-economic development. He weaves history, philosophy, literature, economics, law, politics, sociology, policy-making, public administration, governance, and more, into his integrated narrative.

Part 3: Regional Condition

In the Caribbean Community (CARICOM), only Guyana has escaped the full brunt of the international economic trauma. Indeed, its territorial size, its economic structure, and especially its primary commodity production of sugar, rice, timber, fish, shrimp, and gold, have allowed it to carve out an enhanced production niche in the context of the unevenness of the global economy and the very crisis itself. Most of the other Caribbean economies, dominated by tourism and allied services, have felt the full impact of the international down-turn. Turmoil in the region’s source markets for tourism, remittances, and foreign direct investment such as North America and Europe, have precipitated economic decline in the small, structurally-dependent, open economies in CARICOM.

Dr Ralph E. Gonsalves, Prime Minister of St Vincent and the Grenadines

It was in this straightened international economic context that the regional conglomerate, CL Financial, through its flawed business model and excessive leveraging of its assets, collapsed. In its train came the demise of its subsidiaries, Colonial Life Insurance Company (CLICO) and the British-American Insurance Company (BAICO), which has wrought havoc and misery for policy-holders and has caused a weakening of the financial stability of countries such as Trinidad and Tobago, Barbados, and the member-countries of the Eastern Caribbean Currency Union (ECCU).

I often speculate whether or not there would have been a public rush to purchase financial instruments of doubtful pedigree and viability from these insurance companies had “Colonial Life” been “National Life” and “British-American” been “West Indian” or “Caribbean”. Did the words “Colonial” and “British-American” induce some members of the public to think that any insurance company so named was ultra safe, permanently viable, and possessed of a settled certainty? Did a colonial mental make-up pre-dispose our people to buy “Colonial” or “British-American”?

In the member-countries of the ECCU, the aggregate exposure of liabilities from CLICO and BAICO amounts to almost EC$2 billion (US$740.7 million). In St Vincent and the Grenadines, the exposure is in excess of EC$375 million (US$138.89 million) or some 20 percent of this country’s GDP. Individual policy-holders, companies, banks, credit unions and the National Insurance Services, across the ECCU, have taken severe losses, thus far. In the ECCU, more than one-half of the exposure arises from BAICO and the bulk of the remainder from CLICO International (Barbados), and the smallest exposure from CLICO (Trinidad).

Further, in the ECCU, indigenous banks and other financial institutions have been subjected to immense challenges as a consequence of undercapitalisation, an insufficiency of liquidity, and managerial hubris. The immediate trigger for their deteriorating condition, inclusive of a metaphoric ‘intensive care’ treatment for some, was the global crisis. In some of the indigenous banks, the halcyon years of international capital generating abundant inflows of liquidity had hitherto masked the challenge of undercapitalisation. In the case of Allen Stanford’s on-shore commercial bank, the Bank of Antigua, the collapse of Stanford’s empire, which rested on an intricate Ponzi scheme, had a knock-on near ruinous effect on it. The Bank of Antigua was saved only through efficacious intervention by the Eastern Caribbean Central Bank and its take-over by a consortium of the better-run indigenous commercial banks, promisingly named the Eastern Caribbean Amalgamated Bank (ECAB).

The collapse of the Stanford empire, headquartered in Antigua and Barbuda, had a major negative economic impact on that country through the loss of substantial capital inflows and about 1,000 jobs. In turn, this adversely affected the economy of the ECCU since Antigua and Barbuda accounts for one-quarter of the aggregate GDP of the ECCU of EC$14.5 billion (US$5.37) billion) GDP at Market Prices, 2010.

Across the OECS member-countries, natural disasters (hurricanes, storms, excessive rainfall and landslides alternated by periods of drought, and sea surges) over the past decade have struck, causing immense human suffering, loss of life, damage to property and infrastructure, and substantial economic loss. Some terrible natural disasters spring to mind immediately: Topical Storm Lilli in 2002; Hurricane Ivan in 2004 which devastated Grenada; and Hurricane Tomas in 2010 which ravaged huge chunks of St Lucia and St Vincent and the Grenadines.

Let us touch briefly on the experience of St Vincent and the Grenadines with natural disasters over the past two years. In the first half of 2010 there was a prolonged drought which undermined the agricultural sector. In October 2010, Hurricane Tomas devastated 98 percent of this country’s banana cultivation, extensively damaged the nation’s housing stock, battered our coastline and river defences, and damaged substantially the roads and bridges. The Economic Commission for Latin America and the Caribbean (ECLAC) has estimated that the socio-economic loss to St Vincent and the Grenadines from Hurricane Tomas amounted to EC$150 million (US$55.5 million). Then in April 2011, in the midst of the so-called “Dry Season”, torrential rains and landslides caused physical damage, of almost biblical proportions, to roads, bridges, rivers, houses, and agricultural cultivation in the north-east of St Vincent. The damage was estimated in excess of EC$100 million (US$37.03 million). The last batch of families has only recently left the emergency shelters which provided rescue and support from this natural disaster.

Further, the dreaded “Black Sigatoka” disease in 2011 reduced the banana and plantain to near ruin in both St Lucia and St Vincent and the Grenadines; it is now threatening Dominica. A most costly recovery programme has been implemented in St Vincent and the Grenadines, and is underway in St Lucia, to revive the banana industry.

The multiple body blows to the socio-economic condition in the OECS is well-exemplified by the case of St Vincent and the Grenadines: the external economic crisis, the regional insurance collapse, the drought of early 2010, Hurricane Tomas in October 2010, the April 2011 “freak storm”, and the Black Sigatoka disease. This aggregation of challenges has severely tested the resilience, creativity, discipline, and productivity of our people and their leaderships.

The data from the Annual Economic and Financial Review, 2010 of the Eastern Caribbean Central Bank (ECCB) tell the tale of economic decline in its member-countries, measured in terms of the average economic growth rates for 2009 and 2010 as follows: Antigua and Barbuda: minus 7.75 percent; Dominica: minus 0.75 percent; Grenada: minus 4.8 percent; St Kitts and Nevis: minus 4.3 percent; St Lucia: plus 1.5 percent; St Vincent and the Grenadines: minus 0.9 percent; Anguilla: minus 3.55 percent; Montserrat: minus 1.85 percent.

In June 2012, the ECCB prepared a document for the 5th Joint Meeting of the OECS and the ECCB entitled Addressing The Threats To Economic and Financial Stability in the ECCU with a slightly better but still troubling picture for 2012 to 2013. Permit me to quote at length from it as follows:

“The global financial and economic crisis had a significant impact on the economies of the Eastern Caribbean Currency Union (ECCU) due to the decline in tourist arrivals and the contraction in Foreign Direct Investment (FDI) and remittances. Consequently, after recording growth in economic activity of 2.8 percent in 2008, the ECCU recorded three consecutive years of negative growth as real output contracted by 5.4 per cent in 2009 and 2.6 percent in 2010 and 1.0 percent in 2011. Over the period, the decline in economic activity was mainly associated with the contraction in major sectors including tourism, construction and wholesale and retail trade.

“In 2011, the decline in economic activity was influenced by the contraction of 5.5 percent in Antigua and Barbuda, 2.5 percent in Anguilla and 1.9 percent in St Kitts and Nevis. Growth ranged from 0.04 percent in St Vincent and the Grenadines to 3.4 percent in Montserrat.

“Among the economic sectors, the decline in economic activity in 2011 was primarily attributable to contraction in construction (10.3 percent), wholesale and retail (2.3 percent), transport, storage and communications (1.7 percent) and financial intermediation (1.2 percent). Partly compensating for the decline were increases in the hotels and restaurants sector (3.8 percent), and real estate, renting and business activities (0.9 percent).

“With the contraction in economic activity, fiscal performance of the member governments of the ECCU deteriorated over the period. After recording a surplus of EC$223.9m (US$82.9 million) in 2008, the government operations resulted in a current account deficit of EC$153.2m (US$56.7 million) in 2009; the deficit narrowed to EC$33.7m (US$12.48 million) in 2010 but widened to EC$82.3m (US$30.48 million) in 2011. The overall fiscal balance deteriorated from a deficit of EC$413.9m (US$153.3 million) in 2008 to EC$660.9m (US$244.78 million) in 2009 and narrowed to EC$324.5m (US$120.2 million) in 2010 due to reduction in capital spending by member governments. The overall deficit expanded to an estimated at EC$589.6m (US$218.4 million) for 2011, influenced primarily by a significant decline in grant and loan inflows. Additionally, the growth in current expenditure is estimated to have outpaced that of revenue collections in 2011. Capital expenditure was estimated to have risen by 24.0 percent in 2011 further contributing to the widening of the fiscal deficit.

“Given the higher fiscal deficit in 2011 and the financing required to close the fiscal gaps, outstanding debt across the member countries is estimated to have risen by EC$431.4m (US$159.8 million) (3.4 per cent) to EC$12.3 billion (US$4.56 billion) in 2011. As a percentage of GDP, the total outstanding public sector debt rose from 75 percent in 2008 to 83 percent in 2011.

“In these circumstances, the financial sector was severely challenged. Liquidity in the banking system tightened and was skewed in favour of the international banks. The loans to deposit ratio increased from 85 percent in 2007 to 90 per cent in 2008 and at December 2011 stood at 86 per cent. Asset quality deteriorated over the period and the non-performing loans (NPL) ratio increased from 7.5 percent at 31 December 2009 to 12.8 per cent at end December 2011. The collapse of two insurance conglomerates, CLICO and BAICO to which the Currency Union had large exposures, added further stress to the financial system.”

“In this environment, real GDP for the ECCU is forecasted to grow by 1.9 percent and 2.3 percent in 2012 and 2013, driven mainly by developments in construction, wholesale and retail, transportation, real estate and hotels and restaurants. All member states are expected to register positive growth, ranging from 0.9 of a percentage point in Montserrat to 2.6 percent in Dominica.

“Risks to the growth performance are tilted to the downside and include the continued uncertainty in the global economy. However, with the resumption of growth, some improvements are expected in the central governments operations and in monetary and credit conditions.”

Still, at least six threats exist to any near-turn economic growth in the ECCU, namely: Weak international growth, adverse developments in the Eurozone, rising and fluctuating commodity prices, a fall-off in Official Development Assistance, fiscal slippage, and natural disasters.

Amidst all this, it is instructive to note that in the OECS ruling political parties have been re-elected in this period in St Kitts and Nevis (for a fourth consecutive term), in Dominica and St Vincent and the Grenadines (for third consecutive terms), and in Antigua-Barbuda (for a second consecutive term). However, in Grenada, a three-term government was ejected in June 2008, on the cusp of the international economic crisis; in St Lucia, a one-term government was voted out of office; and in both Anguilla and the British Virgin Islands, the voters rejected the incumbents.

In the wider CARICOM, over the past three years, governments fell in elections in Trinidad and Tobago, Suriname, and Jamaica. In Guyana, the ruling PPP won the presidency but narrowly lost the parliamentary elections. In Belize, the voters narrowly returned Dean Barrow’s government for a second term.

Undoubtedly, each country has its own political configuration and circumstances to explain the variations of electoral triumphs and defeats, but it is evident in each country that the straightened economic conditions have had their electoral impact.

Next – Part 4: Response of ECCU/OECS to global crisis
Previous – Part 2: The Global Situation

Reads: 8153


Tweet

Peter:

We must not forget Desmond Morgan and his wife Judith Jones-Morgan. The money that was owed to NCB bank, EC$2 million I believe. Did the loan ever get paid back or was the debt forgiven or lost when the NCB bank was sold. We should be told what happened its a matter of public importance.

In 2001 Dr. Ralph E. Gonsalves the newly elected prime minister, issued or caused to be issued a DIPLOMATIC PASSPORT to a Vincentian man, a man who holds Canadian citizenship and lives in Canada, a man called Reuben Morgan. Morgan was neither a diplomat or employed by the Vincentian government. Subsequently Morgan was arrested at a London airport carrying a kilo of cocaine in his luggage. He was traveling on the same DIPLOMATIC PASSPORT that GONSALVES had approved or issued to him.

Reuben Morgan is a relative of SVG's Attorney General Judith Jones-Morgan, who was traveling to the same family destination as Reuben Morgan, but traveled on a different flight.

Seeing as Reuben Morgan had the diplomatic passport for four years before he was caught, the question must be asked, how many trip between SVG, Canada, London and other destinations did he travel using the DIPLOMATIC PASSPORT during these four years?

STEVE_HUGGINS:

Peter, the in-house COMMUNIST LITERATURE developed by Marx, Engels, Lenin, and company, with substantial plagiarizing from and 'interpreting of Hegel, and free borrowings from the pervert NICCOLO MACHIEVELLI teaches that:

"ANYTHING GOES. SEIZE 'POWER' AND CONTROL BY ANY MEANS NECESSARY."

"IT IS ALRIGHT TO LIE, CHEAT, STEAL, TORTORE, RAPE, PLUNDER, OR COMMIT MURDER - - - OR MASS MURDERS - - - FOR THE SAKE OF THE DICTATOR-DESPOT, or, the MARXIST-LENINIST COMMUNIST REVOLUTION. "

Remember Lenin, the high priest of communism, famously taught and popularized the MARXIST dictum that "RELIGION IS THE OPIATE OF THE PEOPLE."

Lenin further teaches his current sorry crop of doctrinaie ideologues and atheistic disciples that one does not need to keep their solemn, contractual, word:

"PROMISES are like pie-crusts, MADE TO BE BROKEN."

COMMUNISTS ARE THEORETICALLY, INTELLECTUALLY, PHILOSOPHICALLY, IMMORAL AND UTTERLY CORRUPT, according to some Catholic analysts. MARXISTS have been taught to believe sincerely that they are doing right, when they are actually practising demonic evil and wickedness.

D. Markie Spring :

Mr. PM your message has not changed. This is a monstrously crafted argument.

Again, let me stressed that you have outlined what is happening around the world; yet, you failed to tell us what you have been doing or intending to do to correct the current debacle.

Mr. PM don’t you believe in “benchmarking?” It would certainly give us head way into better develop and sustain our economy. You mentioned fervidly that Guyana had escaped the “Full brunt of the international economic trauma” isn’t this an indication that we ought to industrialize our country as I eloquently discussed under the part 2 of this series.

Dr. G, we all know that the global recession is marked by economic decline; we are aware that the global economic downturn affected the entire world economy with synchronized detriment in particular countries; some countries affected worst that others. Honorable Dr, this, as we know, is a global recession characterized by a variety of systematic imbalances and ignited by detonation of the 2007 to 2012 financial crisis. More so, this crisis sparked differences of magnitude in the downturn, specifically in Europe, US, and eastern Asia: The effects of the European debts crisis to the slowing of the US and Chinese economic growth; Africa, Australia, Oceania, South America, Asia, Central America and the Caribbean were all affected differently. Consequent to these imbalances unemployment rates grew, inflation escalated, and crated a housing bubble.

Mr. PM, it is time that we invest in our productive resources and utilize our comparative advantage.

Let me cut to the chase.

For all the countries that experienced economic growth they have fought tirelessly to do so. Amidst this current fiasco they refused to blame the economic downturn; instead they gathered their cabinets and developed and implemented economic driven strategies. Mr. PM, let discuss some of these:

1. Some developing countries used 2 economic tools at their disposal, both the monetary and fiscal policies. In this capacity, their central banks indirectly focused on economic activity by impacting the supply of money by way of adjustments in interest rates, the purchase and sale of government securities and foreign exchange. On the other hand, the governments influence the economy through the degree and composition of spending and the level of borrowing.

2. Additionally, developing countries adapted export-led growth strategies. These countries were committed to manufacturing commodities in an effort to locate a niche in the world’s exports and a trade and economic policy with a goal to rapidly acquire industrialization, coupled with the countries comparative advantage. This has created domestic markets to foreign competition and market share in exchange for access to markets in other economies.

3. Similarly, developed countries like Japan rebounded in 2010 with a 3 percent enhanced economic growth (GDP). To grow this economy, the Japanese government invests in its infrastructure – the cleaning up and rebuilding of the nuclear plant, roads and houses, coupled with it health care, as a direct response to the people affected by nuclear radiation. Japan’s economy grew.

4. Some of our neighbors continued making use of a combination of their productive resources (Service sector), aggressive marketing strategies and negotiation; hence, economic growth.

Additionally, there are a number of other economic strategies to employ; henceforth strategies preferred for economic recovery is dependent upon the school of thought the policy maker employs. Some mainstream economists are of the opinion that recession is influenced by insufficient aggregate demand in the economy. To correct this, these economists recommend the use of macroeconomic policy. Supply-oriented economists often suggest tax cuts to encourage business capital investment. Monetarists prefer the use of expansionary monetary policy. Keynesian economist may encourage increase government spending (on infrastructure: health, education, roads and bridges, water, housing, transportation etc).

Dr, the Honorable, I am aware that you are continuously referred to the articles submitted by the IMF in an effort to underscore the daunting economic arena in SVG. In addition to what you have put forward (especially in Part 2), you have forgotten to mention that the IMF also recommend that governments expand social safety nets and although governments are pressured to cut spending these governments were urge to create jobs. As Obama adhered to, the IMF also urges all governments to invest in skill training for those who lost their jobs. The long term economic recovery is to create jobs; hence, more money would be available to pump back into the economy through the purchase of goods and services, borrowings and investments.

What we have seen from you as citizens are tax hiking strategies, which are bad economic practice in the current SVG context!

Vincentians, we must not deny the fact that the global financial crisis has directly impacted our economy, but what worries me is our inability to put strategies in place in an attempt to overcome these setbacks. What have we done is the million dollar question!

Mr. PM, do not vision this as a fault finding mission, but let us use this forum to effectively develop strategies that work. If we continue to take personal grabs at each other, we will be sinking into deeper recession. Get up, live up and let’s make a different together!

We are aching and starving to see your economic plan – this has not surfaced as of yet.

Simon Anderson:

Why do people who know nothing about a subject attempt to discuss it?

Guys, all you are doing is displaying your ignorance and pitifully inadequate "educational breeding."

Anyone who is more knowledgeable than you are, see through you, and realize that you have no clue what you are talking about.

I would therefore ask you to PLEASE continue doing exactly what you are doing. The readers see you for the clueless clowns that you are.

Keep it up Mutt and Jeff, or should I say Bud and Lou?

D. Markie Spring :

Horace Williams is this the reason that you are not discussing the issue; is it because you have no knowledge noting about the topic?

Oh No! No! you are the king of name calling.

Or I could be wrong, since the housing debacle in the US is rejuevenating you might be busy with your "Family Real Estate firm" How that going for you?

I am still awaiting word on the your role and the Peaceful Caribbean Initiative.

Nornally you will ramble on, you have changed! a little.

Horace Williams, why is it that only you, the PM and your company have the right ideas, suggetions, knowledge, abilities, competencies and the know-how for everything? How come that people who opposed always are the ones who are dumb?

Horace Williams, before you outlined your ignorance here, get to know who you are talking to. With this, do you know who is Steve Huggins? If you knew you won't utter those wasteful rhetoic.

I do not know Peter in person, but from his writing he presented himself well, wayyyyyyyyyyyyy better than you Horace Williams who have graduated from 4 (four) different universities.

Check ya self Mr. Williams!

Simon Anderson:

The question is, "Do I know who BOSS HOGG is?"

Who doesn't?

For those who do not know, simply listen to his ignorant rants and one would quite easily see and hear. The Hogg knows nothing about politics...local, regional or international. If she did, she would not be chatting such garbage.

Markie, if you as well, knew anything about politics, you would see through her, but sadly, you are no better off yourself. That is exactly why you THREE STOOGES are on that side of the fence.

Simon Anderson:

MARKIE SPRING, WHY DID YOU STEAL (THIEF) FROM A PRIEST?

Markie Spring, WHAT did you steal (thief) from the Priest?

Let me cut you some slack MARKSTER.......
"DID YOU STEAL, from a Priest?"

Markster, when you could answer those questions, you could talk to me.

OH, MARKIE!!!!!

How about the article you wrote on this forum entitled "A political war with bloodshed," on Dec 6 2010?

Markie, the word on the street is that you lied in that article. Is that true Markie?

In that article, you CLAIMED that 4 ULP men violently attacked, mercilessly kicked and viciously beat 3 NDP women. DID YOU DO THAT MARKIE?

The truth is that the attackers were NDP supporters, and the victims were ULP supporters.

Markie, you did NOT CARE ABOUT THE TRUTH. All you wanted to do, was to continue LYING AS USUAL. You cunningly switched the roles, to present a false story to the reading public.

Markie, all of the readers now recognize you for what you are.

However, if I have erred here....Markie, you could quite easily correct the record.

If I made a mistake Markie, simply say so.

If I am wrong, go ahead and point that out.

MARKIE, WE WAITING!

Peter:

So ANDERSON, your reply to the very superior to you STEVE-HUGGINS, Your statement above is an addmission by you that you are an expert on MARXISM, why because you are a MARXIST, you support the GONSALVES MARXIST regime.

Remember everyone that post's here is your superior, I know that make you look at your failed education in dismay, but just go and blow your horn, to the tune of personal stupidity and idiocy.

Well SIMON BLOW YOUR HORN KARL MARX HORATIO WILLIAMS, goodbye for now.

And goodbye to KARL GONSALVES, KARL ANDERSON, KARL WILLIAMS, KARL PATTERSON and all the Vincentian KARL'S.

Simon Anderson:

PETER, PETER PUMPKIN EATER, or are you really Brian Alexander, the Stubbs man who works at PH Veira?

Some money was/is missing from that company. Would you happen to have any idea what happened to it?

Ah just asking!

THE POLICE JUST ASKING TOO!

That is why THE POLICE came to your job and took you away to the Police Station for questioning.

Brian Alexander, where did you hide the money?

Peter:

Thank you MARKIE for your recognition, and your continuing well written, researched and just your ability to write from memory, a true scholar.

Because of popular request from the Diaspora and SVG, I repeat the following post.

SIMON BLOW YOUR HORN KARL MARX HORATIO WILLIAMS, you really have to take my advice. You are allowing your anger to destroy you. I know your angry and frustrated, being proved wrong and a liar must be hard to take. You have had a good run and had some past success with the lies that you have told over the months. It really is time for you to try and act like a normal human being and behave yourself. You should stop telling the lies, why not try and achieve some debate without telling lies and creating nonsensical spin. They say there is some good in everyone, but I am not sure that can be said about you. Your silly rages have made you look like what you actually are, an idiot.

How on earth you can spend all your time on this site when you have a family business to run, three offices and staff to look after. Get real man, at the end of the day GONSALVES will shite on you from a great height like he has on everyone else.

By the way I am not Brian Alexander, not today, not tomorrow and not yesterday. Now I am sure you knew that all along, but the delayed shock may still upset your anger control again, so grab your scrotum and hold on tight until the anger subsides.

By the way the car that you imported into SVG in 2010, did you pay duty?

Bye Bye for now

D. Markie Spring :
Horace Williams is like a lost son drowned in his owned conscience and defeated by his own inability to truthfulness, conceited and flawed in all his endeavors.

Readers need to analyze this creature extensively and isolate him in a corner where he is most fitting.

I hope for God’s grace o him!

Simon Anderson:

PETER, BRIAN ALEXANDER, you still have not told the general public why the Police came to your job and questioned you.

BRIAN PETER ALEXANDER, you did not tell us if in fact, the Police took you away to the lock-up.

Peter, ah mean Brian, what questions did they ask you?

Brian/Peter, or Peter/Brian, did your incarceration have to do with the missing money from PH Veira?

Brian Alexander, did anyone steal money from PH Veira?

Simon Anderson:

MARKIE, why did you steal from the Priest?

Markie, why did you lie about pre-election violence in Chateau in 2010?

Markie, If you did none of those things, PLEASE WRITE AND LET THE READERS KNOW that you are innocent as charged.

Simon Anderson:

I do not believe Brian Alexander (Peter).

Here is what he asked me, how could I run 3 offices with staff, and still have time to write on CNN?

BRIAN ALEXANDER, the answer is simple, employ individual managers.

Give them responsibility, and pay them based on their productivity. The more money their individual office produces, the more income they make. ...SIMPLE!

I will then only oversee 3 people, unless there is a problem which requires my intervention. WHY DIDN'T YOU THINK OF THAT?

I even offered Markie a job last year. He however, was too embarrassed to look at me as HIS BOSS.

Markie preferred to be unemployed, rather than be dependent on me for an income!

Peter:
COOeeeeeeeeeeeeeeeeeeee
‘SIMON ANDERSON BLOW YOUR HORN KARL MARX HORATIO WILLIAMS’

Thanks for your confirmation that you are HORACE WILLIAMS, I am so pleased. Thanks for the complements. Isn't it annoying? isn't it annoying? isn't it annoying? isn't it annoying? isn't it annoying?

You see its me controlling you, playing you like a fish, "like a little fishy on a little dishy", remember those lyrics that I posted for you once before?

Every time you come back with a stupid reply it gives me further opportunity to write something again about your master, and your party. Unlike what you write its fact, BYRON-COX the man I consider a pratt will always confirm fact.

Rape accusations against St Vincent and the Grenadines PM dismissed
29 May 2008 in Rape and Sexual Assault.
Two sexual assault cases against the prime minister of St. Vincent and the Grenadines were dismissed summarily, spurring critics to say ‘old boy’ networks trump the rule of law.
http://womensphere.wordpress.com/2008/05/29/rape-accusations-against-st-vincent-and-the-grenadines-pm-dismissed/

When GONSALVES said he is here to finish the work of MAURICE BISHOP, SIMON ANDERSON at the time agreed.

Maurice Bishop, had the books fixed to fraudulently obtain money and loans from the IMF and WORLD BANK, he instructed people to be sent to Russia and Cuba to learn how to keep two sets of books to enable fraud to committed against the IMF and WORLD BANK.

There were CUBANS entrenched in every Grenadian ministry, the CUBANS were pulling many strings.

BISHOP shut down newspapers and radio stations.

He personally signed detainment orders and hundreds if not thousands were imprisoned without trial.

He locked up most of the Rasta’s, wouldn't allow their children to attend school unless their hair was cut.

He had thousands of telephones tapped.

Put a huge increased house and property tax on everything, wrecking house and property sales.

He stock piled enough arms and ammunition to sustain a ten year war in the Caribbean involving millions of people.

These are just a few of the things found in the public records office, recorded fact.

And SIMON ANDERSON and GONSALVES want to finish the work of Maurice Bishop, and regard him a hero.

Well to MARXIST scum he may well be regarded as a hero, but by any decent thinking person he was scum.

Remember that GONSALVES was in Grenada during certain times of the revolution, riding in Bishops car and writing his speech’s.

YOU SEE WHEN THE STATEMENT IS MADE “I AM HERE TO FINISH THE WORK OF MAURICE BISHOP” UNLESS IT IS QUALIFIED WHICH PART OF HIS WORK THEN WE WILL ASSUME GONSALVES MEANS ALL ASPECTS OF HIS WORK. THAT OPENS UP A HORROR STORY FOR SVG. FOR INSTANCE DOES THAT INCLUDE COOKING THE BOOKS TO ENABLE FRAUD AGAINST LENDERS, THE IMF, WORLD BANK AND BOND BUYERS. RAISING HOUSE TAX BEYOND WHAT ANYONE COULD AFFORD. SHUTTING DOWN NEWSPAPERS, RADIO AND TV COMPANIES, TAPPING TELEPHONES AND A THOUSAND AND ONE THINGS THAT I HAVE NOT LISTED HERE.

LETS ALL JUST THANK GOD THAT THE NEW CONSTITUTION WAS REFUSED BY THE MAJORITY OF SVG CITIZENS.

MY WRITER FRIENDS, IF YOU DECIDE TO ANSWER ANDERSON ON ANY SUBJECT PLEASE INCLUDE SOMETHING ABOUT THE ULP OR GONSALVES, OTHERWISE ANDERSON HAS SUCCESSFULLY TAKEN YOU AWAY FROM THE TRUE PURPOSE THAT YOU POST HERE FOR. ITS NOT ABOUT ANDERSON, ITS ABOUT THE MARXIST CRAP FROM THE ULP REGIME AND GONSALVES. ITS ABOUT THE WRONG THAT IS BEING RENDERED ON THE VINCENTIAN PEOPLE.

Simon Anderson:
Brian Alexander -- forget this foolishness about PETER. Your name is Brian Alexander!

So Brian, let me ask you a question?

What is wrong with wanting to finish Maurice Bishop's work?

Ignorant Brian, don't you know that Maurice Bishop was one of the brightest political lights the Caribbean has ever seen?

Why are you so backward Brian Alexander?

Let me leave you to wallow in your own ignorance....

Peter:
COOeeeeeeeeeeeeeeeeeeeee!
‘SIMON ANDERSON KARL MARX BLOW YOUR HORN HORATIO WILLIAMS’

I would like to call you two faced, but you are multifaced, a fraud attempting to hide your identity to avoid the wrath of the people.

Maurice Bishop came to power via an illegal Marxist coup, supported and assisted by Cuba and Russia.
Maurice Bishop locked up hundreds of Grenadian citizens without trial, some for upwards of four years.
Bishop tapped and recorded citizens telephone calls. He locked up church leaders and on the advice from the Cubans, then sort to control the Church's by state control. He shut down newspapers and took away democratic rights generally of all the citizens. Suspended the constitution and replaced it with his own draconian laws and regulations. On the instructions of the Russians and Cubans he instructed the central committee that two sets of books should be kept to fraudulently deceive the IMF, World Bank and buyers of Grenadian Bonds, and those who provided loans to the country. On the instructions of the Cubans he tried to drive out the St. Georges Medical school. There were Cubans working and controlling every government ministry. Rastafarians many of who were the main fighting force of the coup and promised trips to Ethiopia and the liberalization of marijuana laws in their favor, were targeted for . They were not allowed to keep their government jobs or get government jobs unless the had their locks cut off. Their children were refused schooling unless the had their locks cut off. The change in marijuana laws turned out be a lie on the part of Bishop and never took place. Thousands of Rasta's were rounded up and interned in what one would describe as a gulag or concentration camp.
The airport that was being built at Saline was for military use by the Cubans and Russians. Enough arms and equipment to fight a sustained war in whole Caribbean for at least ten years was imported and later impounded and removed by the Americans.
Bishop increased the house and property tax which harmed the whole economy of Grenada.

What I write is fact not fiction, there is documented evidence held in the public records offices, originals in Grenada and a complete microfiche copy of all records in Maryland USA. These include Bishops diaries and agreements with the Cubans, Russians, North Korea, Czechoslovakia, Vietnam and almost all communist countries World wide. Ralph Gonsalves features in some records, and he was with Bishop in the early days of the coup, riding in Bishops car and writing speech's for him.

Now what part of Bishops work should Gonsalves finish, some or all of it, if you want I can give you location and record numbers of all items which I state herein. I have copies of them all. What I write is the truth and nothing but the truth, unlike GONSALVES who is likely to give us lies and nothing but lies.

Thank you ‘SIMON ANDERSON KARL MARX BLOW YOUR HORN HORATIO WILLIAMS’ for reminding me to publish the foregoing here. This is what you support and promote for the Vincentian people, oh MARXIST scum bag of no faith.