Hammie warns of a plot
A retired politician is charging there is a plot from outside to destabilize the Barbadian economy and bring down the Bajan dollar.
Former parliamentary representative for St Michael South-East Hamilton Lashley said in an interview with Barbados TODAY that the recent triple notch downgrade of Government’s bond rating by Moody’s Investor Services was the latest evidence of that conspiracy. Charging that Barbados was in the cross hairs of developed countries and their Western-dominated financial and ratings institutions, Lashley said he had been a lone voice in the wilderness, with nobody taking him seriously.
“Barbados and Barbadians do not need any outside experts, like the IMF [International Monetary Fund], Moody’s and Standard & Poor’s to tell us what we have to do. I know that Barbados does not exist in a world of [its] own. I know that, in terms of our economy growing and attracting foreign investment, we have to take these agencies seriously, but to me it is an orchestrated, well crafted and thought out plot to destabilize the Barbadian economy to eventually force our back against the wall with no other choice but to devalue the dollar . . . and the Barbadian sense of worth,” Lashley said.
“Until we recognize where the real culprits are, we will continue battling it on a political level and, in the meantime, the poorer people are the ones who will be suffering.
“Standard & Poor’s, I think, have poor standards; and Moody’s are always moody, and when they are in a particular mood they lash out at Barbados. Barbadians need to recall that these rating agencies contributed to the collapse of the world financial system in 2008 when they gave triple A ratings to companies that were selling sub-prime mortgages to customers who were known to be unable to repay them,” Lashley added.
He also hit out at the International Monetary Fund, saying that it had been “in this country too regularly and have been loitering in our space too long”.
As he outlined further evidence of what he believes is an orchestrated attack on this 166-square-mile island, Lashley suggested that it had to do with Barbados’ refusal to pass laws decriminalizing homosexuality. He referred to a threat made by Britain’s Prime Minister David Cameron back in 2011 to cut aid to countries where homosexuality remained illegal.
The former MP, who served in both Democratic Labour Party and Barbados Labour Party administrations, called on the country’s leaders to rally citizens. Lashley said that just as Sir Winston Churchill fought off the formidable military might of Nazi Germany with brilliant oratory and limited firepower in World War II, this country’s leaders needed to inspire Barbadians through constant communication.
He insisted that no country could “dampen the indomitable spirit of the Barbadian people”.