Arthur calls for Jepter’s head over worthless comments

“I tremble for my country!”

This was former Prime Minister and Minister of Finance Owen Arthur’s response to a suggestion by one of Government’s lead economic spokesmen that the Barbados dollar has no real value to speak of.

Addressing a political meeting of the ruling Democratic Labour Party last weekend, Parliamentary Secretary in the Ministry of Finance and Economic Affairs Senator Jepter Ince, while shrugging off recent talk of a monetary devaluation, argued that no value could be applied to the Barbados dollar since it was not recognized internationally.

“You cannot devalue anything that has no value,” Ince asserted, adding, “I cannot travel with Barbados dollars when I go to the United States.”

However, Ince’s comments almost knocked Arthur off his feet.

In fact, the former leader admitted to being quite shaken by the “contemplation that a person who can give of such perfect and profound ignorance” was occupying a place at the centre of Government and in the Chris Sinckler-led Ministry of Finance as he went on to pour cold water on the suggestion that the Barbados dollar was worthless.

“What he is trying to say is that the dollar cannot be converted. Of course the dollar can’t be converted easily. You can’t go and convert Barbados dollars easily so into US currency, but it has a value,” Arthur stressed.

“The value is two to one, and it has been so from 1970 something,” he stressed while taking a pot shot at Ince, who he said had gone on record once “as not knowing the difference between the fiscal deficit and a physical deficit and has referred to the fiscal deficit as a physical deficit.

“It really means that any salary being paid to Mr Jepter Ince is a cost overrun,” Arthur continued, while insisting that “it is a staggering ignorance that somebody does not know that the Barbados dollar is valued at two to one US.

“Lord man! You can now better begin to understand why this country is in such great peril; that somebody at the centre of Government can be so profoundly ignorant about financial affairs, but be in the Ministry of Finance.”

During his address to the DLP meeting on Sunday at the Princess Margaret School, Ince had attacked Arthur for suggesting that Government should enter into a formal arrangement with the International Monetary Fund (IMF), saying it was evident that the former prime minister had a “hidden agenda”.

“So when he says to us go to the IMF and get funding, he knows very well that you only go the IMF when you have balance of payment problems . . . . When you cannot meet your foreign reserves requirement is when you go to the IMF. The IMF doesn’t give you no money for any infrastructure development,” Ince warned.

Asked to respond to those charges, Arthur said: “I’m not even going to go there”.

However, he went as far as to call for Ince’s head over his latest pronouncements on the Barbados dollar.

“For me, it would have been a dismissible offence,” he told Barbados TODAY, while also recommending that the parliamentary secretary be made to undergo a psychiatric evaluation.

“I don’t want to libel him, but it may be discovered that he may be in the wrong Government institution,” Arthur added.

30 Responses to Arthur calls for Jepter’s head over worthless comments

  1. Looker February 1, 2017 at 5:20 am

    Mental

    Reply
  2. hcalndre February 1, 2017 at 5:44 am

    Owen, if this was a boxing match, Jasper would be flat on his back with that attack and ban from the ring so I think it would be wise to have him seek another non contact sport. This is what you call a square peg in a round hole and they are many more. I know a few people that work on Wall Street so that`s his battle cry because I heard him mention it in chambers only last week.

    Reply
  3. Don Keyote February 1, 2017 at 6:01 am

    The only problem with this totally deserved disembowelment is that it will likely overwhelm the already stressed sewage system in Bay Street.

    Reply
  4. Bajan boy February 1, 2017 at 6:20 am

    Maids and cleaners work on Wall Street as well..

    Reply
  5. Harry February 1, 2017 at 7:27 am

    Well spoken Mr. Arthur these comments highlight the problem this Govt faces, a bunch of square pegs in round holes including a MOF financial who managed a NGO compounded by Mr. Magoo at the COB.

    How many times have heard “that we are turning the corner” well as that horse racing commentator says “there are no more turns”.

    Reply
  6. Tony Webster February 1, 2017 at 8:42 am

    @Harry…LOL in spades…made muh day, Sir!

    Reply
  7. Kevin February 1, 2017 at 9:00 am

    I understand where both Jepter and Owen coming from. But, as Jepter said, Bajan currency only can be used in Barbabos.

    Reply
  8. Johnathan February 1, 2017 at 9:37 am

    Kevin if you understand you would have to be just as dumb as Jepter…

    Reply
  9. Peter February 1, 2017 at 10:20 am

    Question: Why is Barbados printing so much Barbados dollars? Answers. 1. It takes much more Barbados dollars to make a purchase anywhere in Barbados. 2… Guyana has more Barbados dollars in circulation there than Barbados. Bajan Business persons are buying up US dollars and gold both of which are readily available anywhere in Guyana. What Jepter really meant was that soon, the Barbados dollar will have NO VALUE ANYWHERE. Boy. Talk about devaluation. Man that one went so fast over the heads od economist Stephen and failed economist Owen.

    Reply
    • Donild Trimp February 1, 2017 at 6:15 pm

      Peter, are you Peter Wickham? Stop making excuses for stupidity.

      How do you know what Jepter meant, are you GOD?

      He meant exactly what he said “no value could be applied to the Barbados dollar since it was not recognized internationally”.

      Shows he is clueless.

      Kudos to Owen Arthur for calling out this clown.

      Reply
  10. Zena February 1, 2017 at 11:09 am

    ‘Ince’s comments almost knocked Arthur off his feet’.
    Mr. Authur, you made my day. When I read that article yesterday, that proved why this economy is soooo shaky. A bunch of big heads in a square hole.
    It’s so sad, that people would actually sit and listen to this garbage because of ‘PARTY’. Yes, all of DEM are in the wrong Government institution.

    Thank you

    Mr. Prime Minister Authur

    Reply
  11. Gearbox1964 February 1, 2017 at 2:11 pm

    The DLP contains so many clowns that I think they are all racing against each other to prove who is the biggest clown of all. Jepter Ince comes with a late run on the outside to challenge for the lead as they approach the top of the stretch…Dennis Kellman is under pressure but holding steady on the rail…Ronald Jones finds a hole thru the middle and he is set for the drive…there are no more turns in this donkey derby and down the stretch they come…Fundel pulls up as he spots a pothole on the track.

    Reply
  12. Ann Thomas February 1, 2017 at 2:17 pm

    And to think that he will benefit from the restoration of the 10% to his salary!

    No wonder we are in such a deep economic morass.

    Lord, please relieve us of our burdens, please convince Mr. Stuart to call elections soon!

    Reply
  13. Jamie Holloway February 1, 2017 at 3:00 pm

    Jepter boy…………..why you went and pull the tail of that lion? Now you have learnt your lesson leave Uncle OO alone little man.

    The man has effectively branded you a lunatic.

    Reply
  14. Charles Worrell February 1, 2017 at 3:14 pm

    You people are really a piece of work! You really believe Owen’s tactless remarks in any way clarify the situation? Owen is at the very least looking for a place to show himself; a stature, that is no longer of any value to anyone including Owen himself.
    If Owen’s comments are read, it would appear that the decent thing here would be to ask for a clarification of what Jeptner meant for Owen’s very remarks speak to an exchange rate that is far from encouraging. Might it be informative to see if this is the context within which Jeptner spoke? Or is it more manly to attempt to denigrate the government officer?
    OWEN ARTHUR, the one who took Barbados to this mess! OWEN aRTHUR, THE MAN WHO SOLD OFF EVERYTHING BAJAN FOR MONIES THAT DID NOT EVEN MEET THE REASON HE SAID HE WAS SELLING IN THE FIRST PLACE;
    oWEN, THE MAN WHO SOLD OUR nATIONAL BANK AT A TIME WHEN THE BANK WAS PROFITABLE every year of its existence TO SO-CALLED PAY OFF THE AIRPORT ONLY TO BE ALMOST $20M SHORT AND T&T ENJOYS THE PROFITS OF OUR BANK;
    oWEN aRTHUR, the one who gave out titles in exchange for loyalty where he could do as he wanted to;
    oWEN arthur, the one who got a cut of almost every thing that was going down in the country including that $75000.00 cheque;
    oWEN aRTHUR, WHO GAVE AWAY EVERYTHING WE HAD THAT COULD BE CALLED OURS AND PUSHED OUR COUNTRY TO A PLACE WHERE WE NEED TO COMPLETELY OVERHAUL HOW WE DO BUSINESS AND HE WANTS TO TELL US OF HIS GENIUS?
    YES, mr. arthur, just like you would fire the officer, JAMAICA fired your tail for incompetence, the difference being, they were right, here, you are just superannuated. Would you kindly go back out to pasture, there is some grass to eat there…..here, you do not have the teeth to do it.

    Reply
    • Marva February 1, 2017 at 10:47 pm

      Charles Worrell, you are tripping over your political slip. I didn’t know alternative truth could be stretched to breaking point until I read your words.

      Reply
    • hugh greene February 2, 2017 at 10:23 pm

      Its true………..so very true.

      Reply
    • hugh greene February 2, 2017 at 11:17 pm

      No truer words were spoken

      Reply
  15. Tom February 1, 2017 at 4:40 pm

    “It really means that any salary being paid to Mr Jepter Ince is a cost overrun,”

    Well said and this applies equally to many of his colleagues in government.

    Reply
  16. Noel Browne February 1, 2017 at 7:25 pm

    Only in Barbados Only in Barbados

    Reply
  17. Noel Browne February 1, 2017 at 7:45 pm

    They’re no other country in the world like Barbados..The country is in a mess…you the Barbarians peoples know that,…everyday on the Radio,on the internet, online you the peoples just keep putting dry wood to the fire to let those Stupid, lied no good Political parties to keep pushing Barbados down the same route that -Jamaica,Trinidad and Guyana is in…
    Those mention COUNTRIES are bigger than Barbados and have resources and they’re still in the dumps when they when to the IMF for help..
    You the Barbarians peoples better stop playing games with one of the Last remaining countries in the world that the IMF didn’t destroy Yet…its not a game Barbarians peoples…Those policies that both parties are playing on you all is they game and the Evidence is there..

    Reply
    • hugh greene February 2, 2017 at 11:15 pm

      its true. EVERY COUNTRY that goes to bed with the IMF gets destroyed. That is the mission of the IMF to destroy and subdue 3rd World countries and strip them of their resources. Barbados have always been able to avoid this fate and I pray to GOD that we continue to enjoy our way of life in the future. However, most of our citizens are so one-sighted that they do not have the foresight nor understanding to see the wool being pulled over their eyes. When the DLP first implemented VAT, it was the BLP who opposed it. Yet when they got into power, they were the ones who spent money like mad to the point that the Treasury was almost broke. lets go back even further. When Errol Barrow made the comment that He would be happy that Barbados would not have to depend on the sugar industry, The BLP sent out alternate facts on his statements and mislead the people. What did the BLP end up doing when the sugar industry DID die? They sold off BARBADOS assets, left and right to the point where our money can’t even circulate properly in the island. We have to pay another country to print our currency. Trinidad owns the majority of the businesses, have a surplus of Banks around the island and OWNS our NATIONAL BANK. i mean who does that? I challenge anyone here and abroad, to give me an answer.
      Let not forget the time the economy was so bad, when Sandiford was pressured to go to the IMF and he refused to. What did he do? Anyone? Anyone? He took 10% from the GOVERNMENT workers and POLITICIANS while they protested and quarreled and got the people, (well not all the people), against him to the point that elections were called. Of course the BLP kept the 10% reduction in effect, then took credit in giving it back; the very thing Mr. Sandiford promised, he would do. But you know what really burns me. The BLP then had the audacity to praise him for his initiative in saving the country and gave him honors. i tell you He is a better man than me ’cause I would’ve told all of them to suck my rassole.
      But that’s why we have such individuals to be our leaders and politicians. They are not perfect and they will be rotten apples in the bunch of them. It can’t be easy running a country where its people criticize EVERY SINGLE THING they do. And please don’t be fooled any longer by the BLP. After all their hype about being for the people, I have NEVER seen any of them catch the bus, or even given a drop to someone walking home from work, much less give them bus fare. talk doesn’t impress me, actions do.

      Reply
  18. Buun February 2, 2017 at 12:24 am

    Mr. Jepter is dead wrong. If he wants to challenge, he can put his money where is month is at. I am surprise he doesn’t know this.

    Reply
  19. Buun February 2, 2017 at 12:35 am

    *me. Of course in public, so the people can see the clowns we have running the show.

    Reply
  20. Owen Williams February 2, 2017 at 3:14 am

    Me. Iñce is in the same category as the St. Lucy MP but several steps below.

    Reply
  21. Troy February 2, 2017 at 7:36 am

    A more appropriate name would be Jester not Jepter because he got to be joking…..

    Reply
  22. Victor Callender February 2, 2017 at 10:46 pm

    Jepter continues in his abysmal lack of economic knowledge, to show that like most in the DLP, he has taken refuge from commonsense. The real problem though, is that the prevailing opinions in the DLP, maybe also circling the economic wagons with Jepter, truly pitiful.

    Reply
  23. Victor Callender February 2, 2017 at 11:13 pm

    First and foremost, the IMF does not destroy a country, the inhabitants of that country destroys their country. Manifestations of fiscal mismanagement are symptomatic to macro economic destabilization, but social decay has causative effects as well in the over time break down of a country’s economic position. What makes economics the social science that it is, is that economist can show through either micro or macro models, how sustained problematic social/economic woes, will lead a country to the disastrous situation that Barbados now finds itself in. Going forward, rampant crime, lack of proper infrastructure, a declining educational system, non availability of good paying jobs, and a plethora of other societal based abnormalities, add to the restructuring of a country’s fiscal fluidity. Noel Browne, it is not just one issue that causes financial chaos in a country. The DLP has ruined Barbados, and rather than Freundel Stuart and the rest of his desperadoes reach across the parliamentary aisle for help, they sabotaged the fiscal health of Barbados for at least two generations. All Mr. Stuart can do for me, is lead, follow, or get to hell out of the way.

    Reply
  24. Victor Callender February 2, 2017 at 11:52 pm

    @Charles Worrell, Jepter Ince is an economic Lilliputian, and for you and/or anyone else to believe that Mr. Ince can be remotely right, and Owen S Arthur to be wrong, adds to the economic tsunami that’s on the verge of destroying Barbados. Jepter Ince lacks the propensity to understand basic economic concepts, he is not suited for the position he holds, period. When it comes to Owen S Arthur, Clyde Mascoll and other economic giants, Jepter Ince is still in “Nursery School,” and so too are the other members of the DLP.

    Reply
  25. inclusive resorts barbados May 8, 2017 at 3:34 am

    It seems to me that those in government should stop bickering about valuations and find some real solutions to the economic problems Barbados faces.

    Reply

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