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CB Governor says T&T officially in recession

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Re: CB Governor says T&T officially in recession

Postby shogun » December 26th, 2015, 6:41 pm

BRZ wrote:If we are truly in a recession , then shouldn't the government dissuade people from playing carnival and spending thousands and thousands to jump up and get drunk for a few days?




So, they should try to negatively impact on the income/tourism to the economy that Carnival brings? Yeah, that sounds like a responsible idea.... especially during a recession.

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Re: CB Governor says T&T officially in recession

Postby S_2NR » December 26th, 2015, 7:00 pm

shogun wrote:
BRZ wrote:If we are truly in a recession , then shouldn't the government dissuade people from playing carnival and spending thousands and thousands to jump up and get drunk for a few days?




So, they should try to negatively impact on the income/tourism to the economy that Carnival brings? Yeah, that sounds like a responsible idea.... especially during a recession.


where are the figures to show that carnival brings a substantial amount of tourism to this country?

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Re: CB Governor says T&T officially in recession

Postby j.o.e » December 27th, 2015, 12:10 am

S_2NR wrote:
shogun wrote:
BRZ wrote:If we are truly in a recession , then shouldn't the government dissuade people from playing carnival and spending thousands and thousands to jump up and get drunk for a few days?




So, they should try to negatively impact on the income/tourism to the economy that Carnival brings? Yeah, that sounds like a responsible idea.... especially during a recession.


where are the figures to show that carnival brings a substantial amount of tourism to this country?


Even if it doesn't bring tourist dollars (which it does) it stimulates the economy. Everyone from security companies, taxi drivers, clothing stores , food vendors , tent/ equipment renters , hotels etc etc etc make money. During a recession you want to encourage spending and activity.

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Re: CB Governor says T&T officially in recession

Postby Redman » December 27th, 2015, 6:48 am

S_2NR wrote:
shogun wrote:
BRZ wrote:If we are truly in a recession , then shouldn't the government dissuade people from playing carnival and spending thousands and thousands to jump up and get drunk for a few days?




So, they should try to negatively impact on the income/tourism to the economy that Carnival brings? Yeah, that sounds like a responsible idea.... especially during a recession.


where are the figures to show that carnival brings a substantial amount of tourism to this country?


In th is context ...advising anyone NOT to spend..means fewer dollars are being moved...from buyer to seller.

It is that exchange through all activities or lack there of that determines economic performance...through taxes,employment and business buying and selling

Money in motion is what we need...not static savings...we have too much liquidity.

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Re: CB Governor says T&T officially in recession

Postby Redman » December 27th, 2015, 7:59 am

De Dragon wrote:
megadoc1 wrote:
Habit7 wrote:Ppl need to remember in the selective list of forex users Jwala named, US$1.8 billion was by WE TRINBAGOIANS with our credit cards. That was more than any other company.

Maybe if Jwala gave a true full disclosure and name how much each one of us spent on our credit cards those UNC supporters who taking a bullet for him now, would have drag him out of CBTT themselves and call him a PNM sleeper cell operative.
That's it folks, end of discussion!


Why? Do we really expect that hundreds of thousands of credit card holding citizens would not outweigh 10 companies? Think about why these companies are in uproar about this disclosure, and are threatening legal action.


because these companies were just singled out and identified,named and their forex usage identified.
So Basic client confidentiality was breached.
The companies are conducting legal business and pay taxes...why were THEY selected for this and not others.
Can the CBTT governor say...that he was authorized???

The way the man presented it makes these companies look like they doing something wrong.

Has JR identified WHY he did this...how it helped the financial system?...

JR handled this poorly and frankly gave the GORTT the space to fire him.....I wonder if this wasnt arranged.
Or intentional on his part?


Think of why he was dismissed with the Ag. President mulling over the issue for only 1 day .Think of the timing of the dismissal.


This is an issue in my mind....

Think of the previous CB Governor who used insider information to safeguard his and his cronies' CLIOCO investment funds, while allowing a mega-conglomerate to collapse and forcing the Gov't to prop it up to the tune of 20+ BILLION dollars, yet receiving no sort of sanction whatsoever.


The cronies of CL are in both parties and that whole affair was handled like some baxide from day 1.


JR also has a duty to maintain the relationship with the Govt of the day....if it is that he wants to stay in.

Wasnt he just (in the last year) given a 5 year contract by the last govt??

Given what the PNM was saying then ....why 5 years?
and what was expected to happen????

There is plenty relevant information that we need to clarify this

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Re: CB Governor says T&T officially in recession

Postby pete » December 27th, 2015, 8:28 am

Redman wrote:
S_2NR wrote:
shogun wrote:
BRZ wrote:If we are truly in a recession , then shouldn't the government dissuade people from playing carnival and spending thousands and thousands to jump up and get drunk for a few days?




So, they should try to negatively impact on the income/tourism to the economy that Carnival brings? Yeah, that sounds like a responsible idea.... especially during a recession.


where are the figures to show that carnival brings a substantial amount of tourism to this country?


In th is context ...advising anyone NOT to spend..means fewer dollars are being moved...from buyer to seller.

It is that exchange through all activities or lack there of that determines economic performance...through taxes,employment and business buying and selling

Money in motion is what we need...not static savings...we have too much liquidity.

Problem is that if people dump a lot of money into carnival they may not have to spend later in the year. Better use of money instead would be supporting the vendors on the road instead of going to expensive fetes etc.

Sent from my MotoG3 using Tapatalk

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Re: CB Governor says T&T officially in recession

Postby Redman » December 27th, 2015, 8:34 am

Problem is that if people dump a lot of money into carnival they may not have to spend later in the year. Better use of money instead would be supporting the vendors on the road instead of going to expensive fetes etc.


While you might be right..what you base this on?

Who employs more ? Directly and Indirectly
Who pays taxes(might very well be neither)

The truth is ironic.
We dont have the data to make these types decisions.

And that lack of data is the biggest issue .....because we are not in the habit of disclosure...all groceries have a few registers off the books, no invoice VAT free transactions abound.

So even if the data was collected...how accurate is it???

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Re: CB Governor says T&T officially in recession

Postby BRZ » December 27th, 2015, 9:16 am

Watch and see, many stupid people are going to spend thousands to play carnival, buy their makeup and go to all inclusive a and then those same people going to turn around and complain about how property tax too high and how they not being paid enough.

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Re: CB Governor says T&T officially in recession

Postby zoom rader » December 27th, 2015, 10:12 am

shogun wrote:
BRZ wrote:If we are truly in a recession , then shouldn't the government dissuade people from playing carnival and spending thousands and thousands to jump up and get drunk for a few days?




So, they should try to negatively impact on the income/tourism to the economy that Carnival brings? Yeah, that sounds like a responsible idea.... especially during a recession.


Tourist get a good time while the moral frabic of this nation is increasingly eroded each year.

Carnival is biggest con job played on the minds of citizens

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Re: CB Governor says T&T officially in recession

Postby zoom rader » December 27th, 2015, 10:15 am

De Dragon wrote:Jwala in dey rukungkungkutung! Let's see how this one eventually plays out. I suspect that by the time a decision is made, the relationship between himself and the MoF/PM would have been irretrievably damaged, and thus reinstatement would be untenable. Therefore it will come down to money and costs.


Yeah but the state going to have to pay big $$$ when he wins his case.

Remember PNM always looses these types cases

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Re: CB Governor says T&T officially in recession

Postby desifemlove » December 27th, 2015, 10:55 am

OK....so to all UNCs here...iz this a case of "Rowley in power now, iz he problem!" is UNC not at ALL to blame? is that how she does tink economic policies does wuk?

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Re: CB Governor says T&T officially in recession

Postby DTAC » December 27th, 2015, 11:10 am

j.o.e wrote:Even if it doesn't bring tourist dollars (which it does) it stimulates the economy. Everyone from security companies, taxi drivers, clothing stores , food vendors , tent/ equipment renters , hotels etc etc etc make money. During a recession you want to encourage spending and activity.


You do understand that gains by, "security companies, taxi drivers, clothing stores , food vendors , tent/ equipment renters , hotels etc etc etc" is massively outweighed by the loss in production of the entire country as a whole, right?

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Re: CB Governor says T&T officially in recession

Postby bluesclues » December 27th, 2015, 11:21 am

Habit7 wrote:Ppl need to remember in the selective list of forex users Jwala named, US$1.8 billion was by WE TRINBAGOIANS with our credit cards. That was more than any other company.

Maybe if Jwala gave a true full disclosure and name how much each one of us spent on our credit cards those UNC supporters who taking a bullet for him now, would have drag him out of CBTT themselves and call him a PNM sleeper cell operative.


a good point but not quite accurate. businesses make international purchases with credit card also. just about all small business do. so i would estimate about 600million for the most, out of that was consumer spending. the rest... small business import and the odd corporate creditcard payment for a service FROM a foreign small business.
Last edited by bluesclues on December 27th, 2015, 11:22 am, edited 1 time in total.

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Re: CB Governor says T&T officially in recession

Postby rspann » December 27th, 2015, 11:21 am

I believe that Jwala should have been removed ,but not in the way he was and not for the reason he was. Any government would want someone who is on their side and who would cooperate with them. He was and is UNC and would still be beholden to the ones who gave him the job. You don't want any moles who could give info or hamper your plans. This goes both ways and was done by the PP when they got in in 2010. They should have bought out his contract,instead they have opened up the state to real expense because in this case he can get additional payment for his reputation ,then costs for QC and SC etc.

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Re: CB Governor says T&T officially in recession

Postby bluesclues » December 27th, 2015, 11:24 am

rspann wrote:I believe that Jwala should have been removed ,but not in the way he was and not for the reason he was. Any government would want someone who is on their side and who would cooperate with them. He was and is UNC and would still be beholden to the ones who gave him the job. You don't want any moles who could give info or hamper your plans. This goes both ways and was done by the PP when they got in in 2010. They should have bought out his contract,instead they have opened up the state to real expense because in this case he can get additional payment for his reputation ,then costs for QC and SC etc.


yeah well sometimes getting fired is a blessing in disguise.

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Re: CB Governor says T&T officially in recession

Postby j.o.e » December 27th, 2015, 11:38 am

DTAC wrote:
j.o.e wrote:Even if it doesn't bring tourist dollars (which it does) it stimulates the economy. Everyone from security companies, taxi drivers, clothing stores , food vendors , tent/ equipment renters , hotels etc etc etc make money. During a recession you want to encourage spending and activity.


You do understand that gains by, "security companies, taxi drivers, clothing stores , food vendors , tent/ equipment renters , hotels etc etc etc" is massively outweighed by the loss in production of the entire country as a whole, right?


Possibly. But the conversation surrounded the recession discussion specifically .... Realistically carnival will never be stopped, so we might as well maximize any economic positives there are. I actually think the increase spending outweighs the lowered productivity, but that is arguable and hard to quantify.

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Re: CB Governor says T&T officially in recession

Postby desifemlove » December 27th, 2015, 11:57 am

Kams is saying if Dr. R will devalue the TTD. http://www.looptt.com/content/kamla-row ... -tt-dollar

I don't see why, considering this means less revenue from energy products. I doubt demand for tinned peas or illicit drug laced juice or or fried plantain chips or bagged channa or what we have for a manufacturing sector will fall either. Grenada or Guyana or wherever gonna buy the same rate, or ex-pats in London or NYC.

Seems pretty pointless/redundant and she only whipping up fear in her "educated", "objective", "reasoned", and "non-clueless" supporter base...yep the same people who thought everybody in north Trinidad is a racist who doh like Indian cos dey voted PNM...

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Re: CB Governor says T&T officially in recession

Postby zoom rader » December 27th, 2015, 12:21 pm

rspann wrote:I believe that Jwala should have been removed ,but not in the way he was and not for the reason he was. Any government would want someone who is on their side and who would cooperate with them. He was and is UNC and would still be beholden to the ones who gave him the job. You don't want any moles who could give info or hamper your plans. This goes both ways and was done by the PP when they got in in 2010. They should have bought out his contract,instead they have opened up the state to real expense because in this case he can get additional payment for his reputation ,then costs for QC and SC etc.


State gonna have to pay him big $$$ when he wins his case.

This government has a history of losing these kind of cases

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Re: CB Governor says T&T officially in recession

Postby Kewell35 » December 27th, 2015, 12:23 pm

rspann wrote:I believe that Jwala should have been removed ,but not in the way he was and not for the reason he was. Any government would want someone who is on their side and who would cooperate with them. He was and is UNC and would still be beholden to the ones who gave him the job. You don't want any moles who could give info or hamper your plans. This goes both ways and was done by the PP when they got in in 2010. They should have bought out his contract,instead they have opened up the state to real expense because in this case he can get additional payment for his reputation ,then costs for QC and SC etc.


Nah dred. He put pressure on UNC too. He is not a UNC. Neither me...but the man speak the truth. PNM people need to open up their eyes and realize what going on in the country....they hurry up and run thier racket right after they win so the public will be pacified.

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Re: CB Governor says T&T officially in recession

Postby Allergic2BunnyEars » December 27th, 2015, 12:28 pm

Kewell35 wrote:
rspann wrote:I believe that Jwala should have been removed ,but not in the way he was and not for the reason he was. Any government would want someone who is on their side and who would cooperate with them. He was and is UNC and would still be beholden to the ones who gave him the job. You don't want any moles who could give info or hamper your plans. This goes both ways and was done by the PP when they got in in 2010. They should have bought out his contract,instead they have opened up the state to real expense because in this case he can get additional payment for his reputation ,then costs for QC and SC etc.


Nah dred. He put pressure on UNC too. He is not a UNC. Neither me...but the man speak the truth. PNM people need to open up their eyes and realize what going on in the country....they hurry up and run thier racket right after they win so the public will be pacified.


What pressure did he put on the UNC?

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Re: CB Governor says T&T officially in recession

Postby Habit7 » December 27th, 2015, 5:26 pm

zoom rader wrote:State gonna have to pay him big $$$ when he wins his case.

This government has a history of losing these kind of cases

Like Nigel Clement and Brig. Peter Joseph?

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Re: CB Governor says T&T officially in recession

Postby rspann » December 27th, 2015, 5:48 pm

Jwala means to burst out in a big flame or to explode in Hindi.

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Re: CB Governor says T&T officially in recession

Postby Habit7 » December 27th, 2015, 5:51 pm

‘Do so ‘ent like so’
Published on Dec 26, 2015, 6:27 pm AST
By Raffique Shah

I am surprised that so many people are surprised by the termination of services—firing, suspension, the euphemistically-couched “sent on administrative leave”—of several senior government officials, the most prominent being Governor of the Central Bank, Jwala Rambarran.

Clearing the politically-constructed State-stables of partisan appointees is a ritual that occurs every time a government changes.

The new regime moves with haste to terminate incumbents on State commissions and boards, starting with those entities and enterprises that they see as critical to the policies and programmes they wish to implement.

Hence, within weeks of taking office, the new PNM administration replaced directors at oil giant Petrotrin and the National Gas Company (NGC), the two pillars of the energy sector. Shortly afterwards, a few senior NGC executives were fired as investigations into certain transactions were undertaken.

The Government also hastily installed a new board to straddle the State-owned media houses CNMG and GISL, and in the process a number of heads at the organisations rolled.

Non-executive directors and politically-appointed executive officers know well that their tenure is tied to their political benefactors’ fortunes. Even those who are not members or supporters of the governments that appoint them become collateral damage when change comes.

In the case of ex-Governor Rambarran, his appointment has been contentious from the day he was elevated to the senior-most position in the country financial superstructure—other than the Minister of Finance—back in 2012.

Many persons, among them respected economists and experts in finance, posited that Rambarran was not experienced enough to hold the critical portfolio, and that there were others, including Alvin Hilaire who was a deputy governor, who were more eminently qualified and experienced.


Rambarran’s appointment was thus dogged by politics from day one. When a foreign exchange shortage erupted early in his watch, back when oil prices were high and export earnings healthy, it was said that a crisis arose where there had been none before.

So Rambarran was a marked man, and he seems to have facilitated his demise by naming recipients of foreign exchange, possibly breaching confidentiality. Those who applauded him for exposing the biggest users of foreign exchange will undoubtedly cry foul if their bankers should reveal their banking data.

I imagine Ramnarran’s dismissal, like Jerlean John’s “administrative leave” from the HDC, would end up in court, so I say no more.

It is ironical, though, that those in the former PP Government who are screaming out loud over what they see as “PNM political victimisation” have conveniently forgotten similar actions they took shortly after coming to office in 2010.

The one that remains etched in my memory is the dismissal of Brigadier Peter Joseph as head of the Special Anti-Crime Unit (SAUTT). Then PM Kamla Persad-Bissessar made the announcement at Piarco airport, just before she jetted off somewhere.

The dismantling of SAUTT was inevitable once the PP came to power. But the way Joseph was fired was scandalous. And as if to underscore how unjust his dismissal was, the Government quietly paid him a substantial sum to pre-empt the matter going to court.

In fact, the PP Government went on a wild firing spree, dismissing hundreds of directors from all State enterprises’ boards, replacing them with their own selectees, and in most cases expanding the boards “to the max” to accommodate sundry party loyalists.

They not only dismissed the directors, but persecuted and even prosecuted some of the more prominent.

Let me jog some memories: at E-Teck, Professor Ken Julien, Dr Rene Monteil, Uric McNicol, Brian Copeland, Eugene Tiah and Sonia Noel were fired and sued for TT$30 million, state of lawsuit unknown.

At UTT, Julien (again!), Monteil (again!), Giselle Marfleet, Scott Hilton-Clarke, Ravindra “Raviji” Maharaj and Errol Pilgrim were fired and sued for TT$11.4 million. That case collapsed a few months ago.

Malcolm Jones, executive director at Petrotrin in 2010, was fired along with other directors. Jones was personally sued for TT$1.2 billion—status unknown.

Calder Hart and other directors at UDECOTT fired and sued for TT$500 million: status unknown.

These are but a sampling of the way the PP Government hounded prominent public personalities, persons who served their country, out of office.

Professor Julien, a most respected energy expert who advised governments from as far back as the establishment of the Point Lisas Industrial Estate, fled to Ghana where his services were in demand.

Jones went into internal exile until he and Julien were summoned to serve by the new Government.

I have not mentioned other professionals—academics, doctors, lawyers, engineers, contractors—who were similarly punished by the PP.

Now, they accuse the PNM of discrimination and victimisation. Check the ethnic imbalance of their State-boards.

This is a classic case of “do so ‘ent like so.”

http://www.trinidadexpress.com/20151226 ... ike-so8217

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Re: CB Governor says T&T officially in recession

Postby rspann » December 27th, 2015, 5:57 pm

This is what I am saying,plus an administration has to have people working on their side(for the good of the country).

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Re: CB Governor says T&T officially in recession

Postby Kewell35 » December 27th, 2015, 5:59 pm

Habit7 wrote:‘Do so ‘ent like so’
Published on Dec 26, 2015, 6:27 pm AST
By Raffique Shah

I am surprised that so many people are surprised by the termination of services—firing, suspension, the euphemistically-couched “sent on administrative leave”—of several senior government officials, the most prominent being Governor of the Central Bank, Jwala Rambarran.

Clearing the politically-constructed State-stables of partisan appointees is a ritual that occurs every time a government changes.

The new regime moves with haste to terminate incumbents on State commissions and boards, starting with those entities and enterprises that they see as critical to the policies and programmes they wish to implement.

Hence, within weeks of taking office, the new PNM administration replaced directors at oil giant Petrotrin and the National Gas Company (NGC), the two pillars of the energy sector. Shortly afterwards, a few senior NGC executives were fired as investigations into certain transactions were undertaken.

The Government also hastily installed a new board to straddle the State-owned media houses CNMG and GISL, and in the process a number of heads at the organisations rolled.

Non-executive directors and politically-appointed executive officers know well that their tenure is tied to their political benefactors’ fortunes. Even those who are not members or supporters of the governments that appoint them become collateral damage when change comes.

In the case of ex-Governor Rambarran, his appointment has been contentious from the day he was elevated to the senior-most position in the country financial superstructure—other than the Minister of Finance—back in 2012.

Many persons, among them respected economists and experts in finance, posited that Rambarran was not experienced enough to hold the critical portfolio, and that there were others, including Alvin Hilaire who was a deputy governor, who were more eminently qualified and experienced.


Rambarran’s appointment was thus dogged by politics from day one. When a foreign exchange shortage erupted early in his watch, back when oil prices were high and export earnings healthy, it was said that a crisis arose where there had been none before.

So Rambarran was a marked man, and he seems to have facilitated his demise by naming recipients of foreign exchange, possibly breaching confidentiality. Those who applauded him for exposing the biggest users of foreign exchange will undoubtedly cry foul if their bankers should reveal their banking data.

I imagine Ramnarran’s dismissal, like Jerlean John’s “administrative leave” from the HDC, would end up in court, so I say no more.

It is ironical, though, that those in the former PP Government who are screaming out loud over what they see as “PNM political victimisation” have conveniently forgotten similar actions they took shortly after coming to office in 2010.

The one that remains etched in my memory is the dismissal of Brigadier Peter Joseph as head of the Special Anti-Crime Unit (SAUTT). Then PM Kamla Persad-Bissessar made the announcement at Piarco airport, just before she jetted off somewhere.

The dismantling of SAUTT was inevitable once the PP came to power. But the way Joseph was fired was scandalous. And as if to underscore how unjust his dismissal was, the Government quietly paid him a substantial sum to pre-empt the matter going to court.

In fact, the PP Government went on a wild firing spree, dismissing hundreds of directors from all State enterprises’ boards, replacing them with their own selectees, and in most cases expanding the boards “to the max” to accommodate sundry party loyalists.

They not only dismissed the directors, but persecuted and even prosecuted some of the more prominent.

Let me jog some memories: at E-Teck, Professor Ken Julien, Dr Rene Monteil, Uric McNicol, Brian Copeland, Eugene Tiah and Sonia Noel were fired and sued for TT$30 million, state of lawsuit unknown.

At UTT, Julien (again!), Monteil (again!), Giselle Marfleet, Scott Hilton-Clarke, Ravindra “Raviji” Maharaj and Errol Pilgrim were fired and sued for TT$11.4 million. That case collapsed a few months ago.

Malcolm Jones, executive director at Petrotrin in 2010, was fired along with other directors. Jones was personally sued for TT$1.2 billion—status unknown.

Calder Hart and other directors at UDECOTT fired and sued for TT$500 million: status unknown.

These are but a sampling of the way the PP Government hounded prominent public personalities, persons who served their country, out of office.

Professor Julien, a most respected energy expert who advised governments from as far back as the establishment of the Point Lisas Industrial Estate, fled to Ghana where his services were in demand.

Jones went into internal exile until he and Julien were summoned to serve by the new Government.

I have not mentioned other professionals—academics, doctors, lawyers, engineers, contractors—who were similarly punished by the PP.

Now, they accuse the PNM of discrimination and victimisation. Check the ethnic imbalance of their State-boards.

This is a classic case of “do so ‘ent like so.”

http://www.trinidadexpress.com/20151226 ... ike-so8217


oh gosh, come off that sheit. Rambarran attended Harvard University. He is more than qualified. If you want to use that same argument, what qualifications the current Minister of Energy have, what about Sarah Alisa Budhu, Avinash Singh? Oh please, it the same game PNM doing that Kamla did. Raffique Shah, LMAO.

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Re: CB Governor says T&T officially in recession

Postby zoom rader » December 27th, 2015, 6:33 pm

Kewell35 wrote:
Habit7 wrote:‘Do so ‘ent like so’
Published on Dec 26, 2015, 6:27 pm AST
By Raffique Shah

I am surprised that so many people are surprised by the termination of services—firing, suspension, the euphemistically-couched “sent on administrative leave”—of several senior government officials, the most prominent being Governor of the Central Bank, Jwala Rambarran.

Clearing the politically-constructed State-stables of partisan appointees is a ritual that occurs every time a government changes.

The new regime moves with haste to terminate incumbents on State commissions and boards, starting with those entities and enterprises that they see as critical to the policies and programmes they wish to implement.

Hence, within weeks of taking office, the new PNM administration replaced directors at oil giant Petrotrin and the National Gas Company (NGC), the two pillars of the energy sector. Shortly afterwards, a few senior NGC executives were fired as investigations into certain transactions were undertaken.

The Government also hastily installed a new board to straddle the State-owned media houses CNMG and GISL, and in the process a number of heads at the organisations rolled.

Non-executive directors and politically-appointed executive officers know well that their tenure is tied to their political benefactors’ fortunes. Even those who are not members or supporters of the governments that appoint them become collateral damage when change comes.

In the case of ex-Governor Rambarran, his appointment has been contentious from the day he was elevated to the senior-most position in the country financial superstructure—other than the Minister of Finance—back in 2012.

Many persons, among them respected economists and experts in finance, posited that Rambarran was not experienced enough to hold the critical portfolio, and that there were others, including Alvin Hilaire who was a deputy governor, who were more eminently qualified and experienced.


Rambarran’s appointment was thus dogged by politics from day one. When a foreign exchange shortage erupted early in his watch, back when oil prices were high and export earnings healthy, it was said that a crisis arose where there had been none before.

So Rambarran was a marked man, and he seems to have facilitated his demise by naming recipients of foreign exchange, possibly breaching confidentiality. Those who applauded him for exposing the biggest users of foreign exchange will undoubtedly cry foul if their bankers should reveal their banking data.

I imagine Ramnarran’s dismissal, like Jerlean John’s “administrative leave” from the HDC, would end up in court, so I say no more.

It is ironical, though, that those in the former PP Government who are screaming out loud over what they see as “PNM political victimisation” have conveniently forgotten similar actions they took shortly after coming to office in 2010.

The one that remains etched in my memory is the dismissal of Brigadier Peter Joseph as head of the Special Anti-Crime Unit (SAUTT). Then PM Kamla Persad-Bissessar made the announcement at Piarco airport, just before she jetted off somewhere.

The dismantling of SAUTT was inevitable once the PP came to power. But the way Joseph was fired was scandalous. And as if to underscore how unjust his dismissal was, the Government quietly paid him a substantial sum to pre-empt the matter going to court.

In fact, the PP Government went on a wild firing spree, dismissing hundreds of directors from all State enterprises’ boards, replacing them with their own selectees, and in most cases expanding the boards “to the max” to accommodate sundry party loyalists.

They not only dismissed the directors, but persecuted and even prosecuted some of the more prominent.

Let me jog some memories: at E-Teck, Professor Ken Julien, Dr Rene Monteil, Uric McNicol, Brian Copeland, Eugene Tiah and Sonia Noel were fired and sued for TT$30 million, state of lawsuit unknown.

At UTT, Julien (again!), Monteil (again!), Giselle Marfleet, Scott Hilton-Clarke, Ravindra “Raviji” Maharaj and Errol Pilgrim were fired and sued for TT$11.4 million. That case collapsed a few months ago.

Malcolm Jones, executive director at Petrotrin in 2010, was fired along with other directors. Jones was personally sued for TT$1.2 billion—status unknown.

Calder Hart and other directors at UDECOTT fired and sued for TT$500 million: status unknown.

These are but a sampling of the way the PP Government hounded prominent public personalities, persons who served their country, out of office.

Professor Julien, a most respected energy expert who advised governments from as far back as the establishment of the Point Lisas Industrial Estate, fled to Ghana where his services were in demand.

Jones went into internal exile until he and Julien were summoned to serve by the new Government.

I have not mentioned other professionals—academics, doctors, lawyers, engineers, contractors—who were similarly punished by the PP.

Now, they accuse the PNM of discrimination and victimisation. Check the ethnic imbalance of their State-boards.

This is a classic case of “do so ‘ent like so.”

http://www.trinidadexpress.com/20151226 ... ike-so8217


oh gosh, come off that sheit. Rambarran attended Harvard University. He is more than qualified. If you want to use that same argument, what qualifications the current Minister of Energy have, what about Sarah Alisa Budhu, Avinash Singh? Oh please, it the same game PNM doing that Kamla did. Raffique Shah, LMAO.


Most PNM ppl don't know about Harvard University. Once you is not PNM then u under qualified.

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Re: CB Governor says T&T officially in recession

Postby rspann » December 27th, 2015, 6:53 pm

......but zoom the man lacking the most important qualification!

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Re: CB Governor says T&T officially in recession

Postby zoom rader » December 27th, 2015, 6:57 pm

rspann wrote:......but zoom the man lacking the most important qualification!


A PNM party card is not a qualification. Leave that for Habit7 and Rfari they swear by dat.

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Re: CB Governor says T&T officially in recession

Postby Habit7 » December 27th, 2015, 7:20 pm

Kewell35 wrote:
oh gosh, come off that sheit. Rambarran attended Harvard University. He is more than qualified. If you want to use that same argument, what qualifications the current Minister of Energy have, what about Sarah Alisa Budhu, Avinash Singh? Oh please, it the same game PNM doing that Kamla did. Raffique Shah, LMAO.
Um...JR did not graduate from Harvard, he attended a programme there. The current governor is PhD graduate of another ivy league school Colombia University.

Sarah Budhu not in the govt and Avinash is a parliamentary secretary. The Minister of Energy qualifications I posted already viewtopic.php?f=4&t=642009&p=8868321#p8868321 which far exceeds Kevin Ramnarine which I can't under why the UNC fb posse keeps calling her OJT. Ramnarine wasn't even middle management when UNC pluck him out of BG and replace Carolyn after she threaten to investigate the Gopaul/Kamla connection.

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Re: CB Governor says T&T officially in recession

Postby Kewell35 » December 27th, 2015, 7:32 pm

Habit7 wrote:
Kewell35 wrote:
oh gosh, come off that sheit. Rambarran attended Harvard University. He is more than qualified. If you want to use that same argument, what qualifications the current Minister of Energy have, what about Sarah Alisa Budhu, Avinash Singh? Oh please, it the same game PNM doing that Kamla did. Raffique Shah, LMAO.
Um...JR did not graduate from Harvard, he attended a programme there. The current governor is PhD graduate of another ivy league school Colombia University.

Sarah Budhu not in the govt and Avinash is a parliamentary secretary. The Minister of Energy qualifications I posted already viewtopic.php?f=4&t=642009&p=8868321#p8868321 which far exceeds Kevin Ramnarine which I can't under why the UNC fb posse keeps calling her OJT. Ramnarine wasn't even middle management when UNC pluck him out of BG and replace Carolyn after she threaten to investigate the Gopaul/Kamla connection.


Um, he still attended Harvard. Colombia is nowhere near the level of Harvard. I have 2 friends who got accepted into Colombia (and they weren't that sharp to begin with.)

Hoss, if you want to get chronic with it...Kevin Ramnarine graduated with a B.Sc. degree in Chemistry, a M.Sc. degree in Petroleum Engineering and an International MBA. (and is also a Member of the Society of Petroleum Engineers). The PNM one has a Bachelor of Science (BSc) degree in Chemistry & Computer Science and the person on your page put Frist Class Honours, UWI. Chemistry and computer science not as hard as chemistry, msc in petroleum and an MBA. The rest of the stuff they add onto she ting there like workshops and all that kinda laughable (and pathetic.)

Anyway, the point I making is....to argue about qualification and all that is to ignore and condone what going on in the country. Open all yuh eyes nah. Look at what the current government doing. Is not really a a battle between UNC and PNM...is the corrupt rich people on top that have all yuh in a divide and conquer mentality and fighting for the corrupt sheit they doing.

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