SVG

Buccament Resort shows investor confidence – St. Kitts PM

St. Kitts and Nevis Prime Minister, Dr. Denzil Douglas (File photo).

KINGSTOWN, St. Vincent – St. Kitts and Nevis Prime Minister, Dr. Denzel Douglas says that the EC$400 million Buccament Bay Resort is a sign of investor confidence in this country.

Douglas’ comments on Tuesday came at the end of the Organisation of Eastern Caribbean States (OECS) Authority meeting at the resort.

He was speaking after Vincentian Prime Minister Dr. Ralph Gonsalves told a post-meeting press conference that Douglas had spoken highly or the resort during lunch on Monday.

“Yesterday at lunch Denzel said to me ‘But why you don’t make more about this place down here man, this Buccama place. It’s a fantastic facility, in these times when people come and invest like this, it is a mark of confidence.’ I want to leave the last work to Denzel so he can speak to this issue,” said Gonsalves, who described Douglas as “someone who knows about confidence”.

Douglas commended the government and the OECS Secretariat “for the very wonderful arrangements that have been made to accommodate us here at this very important meeting and to have selected a facilitated like this, which I had never heard of before.”

“And this has been the sentiment expressed by all of my colleague heads of government who have been here for the meeting, that it is a very wonderful resort that has been established, which is being further developed and established,” Douglas, who visited St. Vincent last summer to attend the ground-breaking ceremony for the terminal building at the Argyle International Airport told reporters.

A view of the five-star Buccament Bay Resort (Internet photo).

“And as he (Gonsalves) said, and as I said yesterday, it speaks to the confidence that investors are having in this government and in the people of St. Vincent and the Grenadines, especially at this time when it is so very difficult to mobilise capital for … development in particular.

“I think this speaks very well of not only for the government and people of St. Vincent and the Grenadines but for the OECS on a whole. And I would really like to commend the people and the government for the beautiful development that is taking place here,” the OECS’ longest-serving head of government said.

The Buccament Bay Resort, also called “Buccama”, has received some negative press since its inception, especially since farmers were uprooted from the agricultural lands there to make way for the tourism development.

Recently, some construction workers at the facility have complained about the non-payment of wages, even as at least three fires have broken out there over the past several weeks.

Read also: ‘Modern-day slavery’ at Buccament Resort – MP

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Discussion

29 thoughts on “Buccament Resort shows investor confidence – St. Kitts PM

  1. Ermmm this is PM Douglas who apparently cannot pay their IMF bill ???

    Posted by Marcus Soares | June 13, 2012, 04:51
  2. What on earth does Douglas know, he’s a bigger pratt than Gonsalves, one of Gonsalves’s revered dunce friends.

    Douglas just doesn’t know what has gone on with the investors, or how many are begging for their money back. How many are trying to sue.

    Whatever Douglas says when linked to a liar like Gonsalves its worthless chatter, scripted by Gonsalves.

    Posted by Peter | June 13, 2012, 10:06
  3. It seems an odd comment for him to make at an important conference,on hearing it I had to wonder
    “is he saying it as a favour to another pm?” .Even gving out a stay at buccama as a prize in the lotto thing leaves one to wonder,ie it would seem more believable if a stay at the more established resorts (canouan/mustique etc) was also offered.People wont believe you’re legitimate if you try too hard to prove your legitimacy,because it becomes apparent that an effort is being made..ie legitimate people/businesses don’t make that much of an effort to seem legitimate..con artists mae more of an effort than legitimate people because they need to

    Posted by Joe | June 13, 2012, 10:37
  4. Isn’t St.Kitts Bankrupt?

    Posted by Joe | June 13, 2012, 10:38
    • Joe, so St. Kitts is in bad company with a FIRST WORLD NATION called GREECE???

      That said; what does that have to do with PM DOUGLAS making a very CORRECT and FRUITFUL STATEMENT about INVESTOR CONFIDENCE in the GOVERNMENT of SVG??

      Posted by VINCY POWA (@VINCYPOWA) | June 13, 2012, 15:40
      • You guys need to do your homework. Apparently t his is beocoming political and due to the PM of St.Kitts affiliation, it has turned into negativity. St.kitts is better of than St.Vincent at this point. It;s infranstructures and economy surpasses the island territory of st. vincent. And they country is not bankrupt, as a metter of fact do you’re homework with the IMF and see where it stands amongst EC territories. Anitgua-Barbuda and St.Kitts-nevis are up in ranks. if you have nothing good to say, KEEP YOUR UNEDUCATED mouths shut! The internet is a great tool for learning before talking. 🙂

        Posted by Alex Discala | July 16, 2012, 22:10
  5. YES, JOE, THAT WHY I DESCRIBED HIM AS A PRATT.

    Posted by Peter | June 13, 2012, 13:38
  6. Seriously David Ames,where are the celebrity endorsements,and the endorsement from prime ministers of Non Bankrupt countries,Celebrity endorsements may help your case ie people wth reputations willing to put their reputations on the line…The pm of St.Ktts doesn’t count,St.Ktts is so badly off that if a drug lord was willing to invest,they could probably get the government of St.Kitts to say cocaine is good,and SVG is so badly off the government would sign a deal with satan himself if he promised to invest,Celebrity Endorsements are necessary

    Posted by Jahu | June 13, 2012, 13:38
    • JAHU, is that like saying SVG is so BADLY OFF that Arnhim Eustace and the NDP want to sell VINCENTIAN PASSPORTS to UNSCRUPULOUS FOREIGNERS if they get into OFFICE?

      Then again, things are so badly off that ARNHIM EUSTACE and the NDP said that they have INVESTORS READY to COMPLETE the INTERNATIONAL AIRPORT at ARGYLE even though they OPPOSED IT and called it a PHANTOM PROJECT.

      Moreover, things are so badly off in SVG that Eustace and the NDP have FOREIGN INVESTORS READY to CREATE 20,000 JOBS (LAUGHABLE), only if the PEOPLE ELECT the NDP to govern.

      I should use Eustace’s and the NDP’s favorite word by saying, who is the “PHANTOM” INVESTOR, which the nation does not know anything about, who wants to create 20,000 “PHANTOM” JOBS, and who are the other “PHANTOM” investors that want to COMPLETE the “PHANTOM” project called the INTERNATIONAL AIRPORT at ARGYLE?

      Jahu, Eustace, the NDP and their supporters are just in FANTASY LAND

      Posted by VINCY POWA (@VINCYPOWA) | June 13, 2012, 15:29
      • David Ames now has a vincentian passport….if he turns out to be unscrupulous Vincypowa,I’ll be lmao at your statement above….but Seriously if the ulp believes so much in Buccama they should give them money to pay workers,instead of having them being embarrassed by all the court cases against contractors…VincyPowa your government doesn’t prostitute itself,it’s just economically very promiscuous

        Posted by Joe | June 16, 2012, 16:06
  7. Leave it to Kenton to add some negative and worthless tidbits at the at end of what is a positive article.

    Posted by VINCY POWA (@VINCYPOWA) | June 13, 2012, 15:43
  8. Getting endorsed by the government of St.Kitts is like getting endorsed by the neighbourhood crackhead http://www.youtube.com/watch?v=RxWJd3w3QPs

    Posted by Jahu | June 13, 2012, 17:50
  9. COWHEAD, IS THAT A FACT “Arnhim Eustace and the NDP want to sell VINCENTIAN PASSPORTS to UNSCRUPULOUS FOREIGNERS if they get into OFFICE”?

    Or are you making it up again, or repeating what Donkey Dung Gonsalves has said, which we know is a lie and so do you.

    Posted by Peter | June 14, 2012, 13:18
  10. VINCYPOWA, as GONSALVES WHAT YOU CAN SAY ABOUT THIS.

    Arnhim Eustace and the NDP want to sell VINCENTIAN PASSPORTS to UNSCRUPULOUS FOREIGNERS if they get into OFFICE?

    In 2009, the IADC purchased, from its own resources, 25 pieces of heavy equipment costing EC $12 million, namely: 17 Articulated Trucks; 2 Motors Scrapers; 2 Bulldozers (1 – D8 and 1 – D9); one Caterpillar 345 Excavator; one Caterpillar 330 Excavator, with Hydraulic Hammer; one Wagon Drill; and one Kobelco Crane.

    There is something seriously wrong with this cost [EC$12million]. Its about double what it should be.

    For instance the Terex Articulated trucks are ex British Military and were sold in the UK by UK government appointed agents for 1 £35,000 buy several for £32,000 each, or buy over 10 for $28,000 each.

    A fantastic buy with only 500 to 1000 hours usage, which makes them of almost new condition.

    The trucks at the airport originated from this source, I know because I checked at the time they were purchased posing as another buyer.

    Whichever of the UK government agents you chose to buy from the prices were the same and were set prices, I enquired by three agents.

    The cost of these trucks should be less than EC$2million.

    The other seven pieces of used equipment should not of cost more than EC$5million, and that’s on the high side.

    SOME QUESTION WE WANT ANSWERED

    Did IADC buy this equipment off its own bat, if so who was responsible for arranging and orchestrating the deals?

    Did an SVG government officer and department arrange and conduct the purchase of this equipment?

    Was a Vincentian company or individual or firm involved in these transactions?

    Was any overseas Vincentian individual or company involved in these transactions?

    Was an SVG senator involved in these transactions?

    Was payment made directly to the vending owners or agents or was the purchase made through third party dealers or agents?

    I have official quotations in hand!

    Posted by Peter | June 14, 2012, 13:20
  11. VINCYPOWA, Greece is not a 1st world country and never has been. The problem with Greece its a country of liars and tax evaders. Always has been, always will be. Its somewhere you could easily live VP, alongside a lot of like minded people.

    VINCYPOWA, if you don’t like Kevin Chance’s type of jounalism, or when he writes something which is true and you don’t like it, don’t read his articles and don’t comment, just p!$$ off. Its much nicer here without your lies and stupidity. Go and mess somewhere else where they may be impressed with your constant Marxist rubbish.

    As for phantom investors, I could of had a company build an assembly line at Georgetown, but chose not to whilst Gonsalves is in power, because I think his type of politics are a serious risk to investors, 200 jobs lost there.

    I know no more about the NDP 20,000 than you do, which is nothing, so stop bullshi..ing the readers about something you know nothing about.

    Posted by Peter | June 14, 2012, 20:28
    • PETER, since you APPEAR to be SLOW, but nothing new there, I am SUGGESTING that you use GOOGLE and tell me if GREECE shows up in EVERY LINK that has to do with FIRST WORLD COUNTRIES.

      Moreover, is SPAIN a FIRST WORLD NATION? Well, the EUROPEAN UNION had to RESCUE it as well. And more than likely, the same will happen with ITALY.

      The ECONOMIC POWERHOUSE, the UNITED STATED, SUFFERED its WORSE ECONOMIC MELTDOWN ever. The experts are saying that it is even WORSE than the GREAT DEPRESSION of the 1930’s. So while you’re in a STATE of DENIAL that the poor ECONOMIES of America and Europe will most DEFINITELY have a NEGATIVE EFFECT on a SMALL ISLAND STATE like SVG, people who ACTUALLY have SENSE recognize that it will.

      That said; the only company you could have invited to build an ASSEMBLY LINE in GEORGETOWN was the one in your DELUSIONAL MIND.

      SEE U around BUB.

      Posted by VINCYPOWA | June 16, 2012, 11:40
      • For the last time Vincypowa we were doing bad even before the economic crisis,you can’t blame the crisis unless your pm foresaw he crisis years in advance and decided to destroy the economy of svg so when the crisis comes vincentians would already be used to hard times…But he didn’t in fact I recall him gloating that the crisis wont affect us…real economic genius l.o.l

        Posted by Jahu | June 16, 2012, 15:43
  12. I try very hard to avoid engagement with some of the assinine and partisan comments made on this blog. Why? Because the human psyche is such, that some people will totally ignore logic and commonsense, because to do so will cause them to change their opinions. So my comments are not meant to change anyone, beacuse as my wise father used to say, “A MAN CONVINCED AGAINST HIS WILL, IS OF THE SAME OPINION STILL”.

    Subjected to correction, I believe the Buccament Bay Resort project is a private investment in our country. The government did not put up any hard cash. The investors risk their money and come to SVG and build a world class resort, created hundreds of jobs and infuse millions of dollars into circulation in our economy. And what do they get?

    Vincentians who claim to be patriotic and want to see their country develop, for political reasons are seeking to destroy this project and are hell bent on doing so. They seems to be willing to do anything to see the project fail. Some of them would even like to see it burnt to the ground. For a moment, you guys stop and think. If this project were to go belly up or get burned to the ground, who suffers? Nothing is perfect in this world. Only God alone is perfect! I personally do not think for a moment, that there are any major projects anywhere in this world, completed or in progress, that did not have its share of controversy, whether it be financial or otherwise.

    I am so peeved with all the negativity about this project that I am tempted to rehash the whole Ottley Hall debacle. Tax payers financed the Ottley Hall project, with all the fraud and corruption, and look what happened to it. Tax payers did not have to shell out one penny for Buccament bay.

    I’ll restrain myself for now, but if needs be, I’ll come back and expose an angle of the whole Ottley Hall project that none of you on this blog know about. And I am not talking about hear say. I was one of the first set of individuals who travelled to Itally in 1993, for six months to receive “Training” for the Ottley Hall project. When I detected what was going on and started to document stuff. I was threatened by Dr. Rolla’s henchment, that I will be arrested by the “Carabinieri”(Italian Police) if I did not turn over evidence I collected. They tried to send me home before the six months ended, but they realised that ………………………..

    Posted by Eric Williams | June 15, 2012, 10:37
    • Ottley Hall,Nano,William Wise,and now possibly a resort apparently they never learn regardless of which party is in power,they probably don’t do “due diligence”,heck even our foreign policy decisions demonstrate a lack of due diligence,we were willing to take money from libya,iran offered to demolish a mountain for the airport..nobody stopped to wonder “what if iran sent suicide bombers to blow up the mountain to build the airport?”

      Posted by Jahu | June 16, 2012, 15:48
    • This idiot boy Eric Williams is here still? So because a group of investors came to St Vincent and put up a resort (which is not 5 star), that gives them the right to not pay workers, are you a fool or were you just born that way. Going back to the good old Ottley Hall project, i didn’t agree with it then and i didn’t like the way sir james went about it point blank, but the economy of SVG was in good shape thanks to sir james. What do we have now? a government who is spending more than they bringing in, who do you think is going to pay for the billions in debt?

      We the tax payers are the ones who have to pay for Ralph and his 8 cars, his mansion, his propaganda machine on the radio, his destroying the economy. The James Michelle NDP is not the Eustace Ndp, just the same way that the labor party now is not the same labor party back then. When the party leader changes, it’s the party in name only. So stop talking about stuff you know nothing about, you’re not in Vincy and you eat well, people in Vincy cannot, i repeat cannot get paid for services rendered, how would you feel if you work at a big hotel and can’t get pay?. You people make me sick.

      And you all need to stop using the word Patriot, a patriot would not sell out his countrymen to foreign investors.

      Posted by blane | June 17, 2012, 09:45
  13. PIRATES

    Posted by Peter | June 15, 2012, 21:14
  14. WILLIAMS, just a few corrections and updates for you.
    The Buccament deal was put together by a Vincentian ‘Gregory Ferrari’, a Bajan ‘Roger Manning’, and two Englishmen, ‘David Ames’ and ‘David Mann’. The only man of wealth was Roger Manning. The four partners formed a Vincentian company. David [Dave] Ames was really no-one of any importance, with little or no money, described as a man of straw, twice bankrupt in the UK. In the UK Ames worked for Southend United Football Club as a general dish rag and gofer, sometimes attending school football matches and reporting on boy players with prospects.
    Later in the UK Ames had a firm distributing plastic furniture, an interest in a Garden center and a double glazing firm. He was never a successful man and went bankrupt twice. He was always a flash cocky and bumptious little man. In the UK described as a barrow boy type.
    Remember before Buccament Ames had never done such a project, in fact had never done a lesser project even. This was his first project and he new nothing about what he was doing, he rapidly learnt that this was a cash cow and millions of dollars, pounds and Euros’ started to roll in.
    Ames used his knowledge in advertising double glazing to start and advertise the Buccament project. Unfortunately he refused to tell the other partners how many units he was pre-selling and where the money was being banked. Ferrari and Manning decided they wanted out, because they lost trust in Ames, and had no control over the finances which Ames was stashing offshore, the money was and is still hidden from both the UK and the SVG authorities.
    In the mean time Manning had shipped all the plant and machinery needed for the project from Barbados to Saint Vincent.
    Ames paid off Ferrari and Manning, and they slipped away from the scene bound by non-disclosure agreements. Manning shipped all his equipment back to Barbados.
    The project now changed. Originally a wall was to be built at the high water mark of the existing beach, the swamp like ground behind the wall back filled , this was to eliminate the possibility of surge tide flooding. The ground was to be piled and the villas and apartments built over pilings. Of course all of that was changed it was considered to expensive. Instead they built the units on concrete slabs, merely above sea level. Putting staff and guests at serious risk if there is a surge or mild tsunami type occurrence. They filled the sea in front of the beach with thousands of tons of rocks and boulders, without planning permission, to reclaim a large area from the sea, just a nod and wink and approval of their ULP minders. They have built a swimming pool, restaurant and bar on what was the beach. They have brought in white river sand to make a new white beach. They have built on or up to the old road that went to the beach past Murphy’s restaurant, that was. They re-routed the road and blocked it so as the public have lost the use of it. The land that they have taken from the road and beach is now worth several million dollars, SVG got nothing for it, unless someone in ULP has been paid off.
    Ames has not put one cent of his own money into the project and neither has Harlequin At some time during all this but seemingly fairly early on, Ames got rid of Dave Mann, Mann has been crawling round the area collecting scrap metal and compressing it for export. He was paid off by Ames, but knocked for half of what he was due, Ames bilked him.
    To justify what appeared to be huge loss’s in the project Ames claimed that Ridgewood the first contractor he used, had stolen or embezzled money and goods. They left owing traders in Kingstown and elsewhere hundreds of thousands if not millions of dollars. Then the Irish contractor based in Barbados a man that owned a company called ICE, Ames again claimed that they had embezzled or stolen money from Harlequin. Ames sued Paudy in Ireland and lost, he has lost all cases against Paudy, why is that do you suppose. ICE again left owing huge amounts of money to Vincentian traders and contractors.

    Let there be no doubt Ames has now opened up business in numerous countries, selling land that proved to be worthless in Panama, projects in Brazil, and numerous other islands. There are serious accusations about his dealings in Thailand. The British government have been investigating Harlequins claims that have encouraged people to bank their pensions into the Harlequin projects. People have been unable to get their money back, even though a contractual clause allows them to opt out, they have been told to wait for two years. He has taken deposits from people from all over the world for all sorts of projects, he has been trading off the Buccament project and taking peoples money from everywhere but no one knows where it ends up.
    Some 45 million went to a company owned by his son and wife last year, as commission on sales.

    I know much more than this, like other exposes that I write about, I also am in the know, right next to everyone that counts, eating at the same table as top ULP politicians and contractors.

    WILLIAMS, whatever went on at Ottley Hall and Italy has no bearing on this matter. This is happening here, now, and is a tragedy waiting to happen, not if, but when.

    Contractors are owed millions for hire of plant and work done. FRANCIS the Philistine, who has taken on the position of protector, said that it is all to do with Quantity Surveyors being unable to agree what work is owed for. That is totally untrue, these people are owed the money, there is no dispute about their right to payment, its just that Harlequin are unable or unwilling to pay them

    WILLIAMS, I have never seen you giving evidence regarding Ottley Hall, that makes you a person of possible criminal investigation. Although I doubt you can be prosecuted for the old offense of with-holding evidence, to much time has gone by.
    You certainly should be interviewed. And for you to admit to something that you did not report to the authorities years ago shows us what kind of man you really are. We know that you have been promised something from the airport project, remember you told us you were doing a business plan?

    The more you write the more I am apt to believe that you are a morally corrupt nasty little old man

    Posted by Peter | June 16, 2012, 19:24
    • Peter, Thanks for the background information on the evolution of the Buccament project. Of course, I dont have any information to disprove your claim, so I will accept your account based on its merits until I can prove otherwise. A word of advice to you, “Stick to the subject matter at all times and avoid drifting off on a tangent. In so doing, you will lend greater credibility to your discourse.”

      Posted by Eric Williams | June 18, 2012, 12:42
  15. ERIC, don’t just tantalize us with stuff; bring forward the evidence. We wouldn’t mind the installment m.o.
    I find it interesting that you are apparently suggesting that OTTLEY HALL was entirely SVG TAX PAYERS’ money financed. I, too, refused to work closely with Mitchell, when such an open opportunity was presenting itself.

    I have always strenuosly objected to the then P. M. politically subborning the other MEMBERS OF PARLIAMENT to ABROGATE THEIR LEGAL, FINANCIAL OVERSIGHT, ADMINISTRATIVE, AND FIDUCIARY RESPONSIBILITIES, and DIVULGE THEMSELVES of their people-given SOVEREIGNTY, to give him THE SOLE AUTHORITY to NEGOTIATE ON SVG BEHALF AND WORK THE DEAL WITH THE FOREIGN [mainly Italian] ‘INVESTORS’.

    That, to me was treacherous, unpatriotic, and probably ILLEGAL besides being CONTRARY TO THE SVG CONSTITUTION.

    NOTHING but DISASTER could have resulted. And, did result. After all, “in the multitude of counsellors, there is safety.” I just cannot stomach the hubristic, pampersetting, and puerile IGNORANCE of these narcissistic I-MEN, both of them ‘red’ .

    AT the time, this COPYCAT COMMUNIST used to call them, the too-accommodating PARLIAMENTARY REPRESENTATIVES who so foolishly signed away the popular mandated constitutional fiduciary responsibility, et al, “SHORT KHAKI PANTS BOYS”.

    But, the Copycat communist is cycnically doing the self-same thing with the would be airport construction and SELL-OUT TO ALBA AND CUBA.

    Any light that you could uniquely shed on this SCANDALOUS OTTLEY HALL BOBOL would be greatly welcomed. Indeed, I feel that you should consider it your national duty. So to do.

    I would consider that a personal favour, too – – – for what it is worth.

    Help us promote, enhance, and further the NATIONAL DISCUSSION, Mr. WILLIAMS.

    “Give me liberty, or give me death !”

    Posted by STEVE_HUGGINS | June 16, 2012, 23:16
    • Steve Huggins, I promise you that at a later date, I will share with you and this forum, what I observed and experienced during the six months I spent at the Valdettaro Ship yard in Italy. Time does not permit me to do so now.

      Posted by Eric Williams | June 18, 2012, 09:13
  16. JULIAN FRANCIS, June 15 2012, page 2 col 5 Searchlight Francis said “If you have a problem with Buccament… call me” he is asking people to use him to sort out their Buccament’s problems. I find that very strange, why can’t Buccament sort their own problems out?

    I am asking the following questions because I don’t know, and would like some clarification.

    Is Francis a shareholder of Harlequin?
    Is Francis a director of Harlequin?
    Is he an appointed spokesman for Harlequin?
    Is he employed by Harlequin?
    Is he paid by Harlequin?
    Is he appointed as the Mr. Fix-It for Harlequin?

    I find it all very difficult to understand, so simply ask, why is he getting so involved in something that has a simple answer, just let Harlequin pay everyone what they owe. Because I know they owe, several of my friends are affected.

    Its no wonder that Buccament finds paying Vincentians citizens their money so low on the scale, when we are told that its a hand-in-hand project with the Argyle Airport. The airport owe nearly 100 Vincentian land owners money for their land at Argyle, they still await payment.

    Take another look at, http://www.harlecon.net

    Now that AMES is a citizen, I ask, why is he allowed to employ professional foreign body guards? why does he need them?

    FRANCIS said he maintains one hundred percent support for the project, what does that mean? does it include workers and suppliers not being paid on time? and sometimes not at all?
    I think his 100% support should be for the Vincentian people, contractors and suppliers.

    Regarding a different matter:
    FRANCIS, tell the people about the US$1 million in cash, where did it come from? who gave that?
    It would be interesting to know if you were ever interviewed by the Police or IFSA regarding such a transaction?

    May I also suggest that you stop swanking around Buccament village peeling off bank notes from a big roll which you carry in your pocket.

    Posted by Peter | June 17, 2012, 18:50
    • All Francis have to do is blow the whistle the black squad will go mix mortar,fluff pillows serve drinks and save Buccama….by the way why choose Harlequin as a company name? http://www.thefreedictionary.com/harlequin wouldn’t clown/joker have been better,since everyone knows what a clown/joker is and it means the same thing as Harlequin?

      Posted by Joe | June 18, 2012, 21:54
  17. WILLIAM, tell us now, but remember you are also incriminated by withholding such information for all these years. It would seem to me you are very willing to support wrong when you are on a particular side. At that time you were obviously up the NDP ar$e, now you are up ULP ar$e.

    Fortunately I am up neither and never have been.

    Spill the beans now, the time is right.

    What an unfortunate human being you are, greed is a dreadful thing.

    Posted by Peter | June 18, 2012, 12:16
  18. VINCYPOWA, I spent years trading between Greece and Africa, a bigger bunch of crooks I have never met before or since. When I said that it was always a third world country, it’s because I know by living among them.

    Greece cheated its way into the common currency club with the aid of fudged budget figures, some might even say cooked books, [a Maurice Bishop type of stroke] it was something not expected by the EU. The Greek authorities finally learned their lesson after the shame they brought on Greece when their actions were exposed, Der Spiegel and many other newspapers exposed that Goldman Sachs helped the Greek government to mask the true extent of its deficit with the help of a derivatives deal that legally circumvented the EU Maastricht deficit rules. At some point the so-called cross currency swaps will mature and swell the country’s already bloated deficit! The few billions loaned by Germany, will not last them long.

    Greece is a third world country with ship owners that pay no tax whatsoever, Greek companies that avoid and just don’t pay tax. Cheap politicians, a bogus economy and a huge debt!

    Of course like in the SVG, the poor people and blue collar workers have been shafted by the political and industrial elite.

    Its always the crooked politricians that get rich, whilst those at the bottom are just cheated, lied to and generaly shafted.

    Posted by Peter | June 18, 2012, 12:43

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