Tuesday, February 14, 2017

Barbados Central BanK Governor Facing Dismissal for Refusing to Print More Money (Debase the BD$)

Central Bank Governor Dr DeLisle Worrell and Minister of Finance Chris Sinckler.
Read the full story here via Barbados Today.


Well done Dr DeLisle Worrell. Do not be complicit in covertly stealing from your fellow citizens via legalized counterfeiting. 

Related article here: 

Consequences of The Central Bank of Trinidad & Tobago Debasing The $TT

Thursday, February 2, 2017

Ode to Petrotrin - Why is America So Rich / Why T&T Underperforms

Trinidad & Tobago simply has not lived up to its fullest potential because too large a segment of the economy is run by the inefficient Trinidad and Tobago government. 

N.B. For obvious reasons they won't teach you this in government run or funded schools. 


Thursday, January 26, 2017

Consequences of The Central Bank of Trinidad & Tobago Debasing The $TT

The Trinidad and Tobago Central Bank (TTCB) has debased / eroded the $TT by expanding the money supply (printing too much money) that it now has to change the Metal Composition of the 5, 10, 25 cent coins and eliminate the 1 cent coin altogether. 

P.S. this is also why there's a shortage of available $US in the local system as the increased supply of $TTs aggressively demand available $US. 



Monday, January 23, 2017

What does it really take to live successfully in Israel?

Resa Gooding
Marketing Strategist for B2B Software Technology Companies

While Israel may be one of the smallest countries in the world plagued with a lot of negative publicity, it’s also one of the most amazing places to live in. For those who’ve ever felt that they wanted to make a change in their life, feel closer to their faith, or simply live in a beautiful, diverse country, Israel could be the perfect choice.

As for me, I was born in the tiny twin-island country of Trinidad and Tobago in the Caribbean – a place known for its pulsating calypso music, and its exotic carnival. It’s a country with a rich cultural history, filled with people that are of Indian, African, Syrian, Lebanese, and French Creole descent.

10 years ago I decided that I needed something different in my life. I decided to leave everything that was familiar and comfortable to me and start my life in Israel, and I can say without any hesitation that it was the greatest decision I ever made. I’ve learned more about myself and others in the past few years than I ever thought possible.

The thing is that I’ve met quite a few people that have considered moving to Israel, but ultimately talk themselves out of it. I’ve learned several things over the past decade that I think are important for anyone considering the move, and I strongly believe that anyone can make this huge step if properly motivated.

1. Know yourself

I learned about Judaism, I attended Synagogue, I even converted – all to try to fit in to Israeli culture. However, what I found was that trying to fit in was causing me to stand out. It was more important for me to be myself. To speak in my native language (English), to be proud of my background, and to never hide my intelligence. The minute I became prouder of who I was, I was treated more positively.

Wednesday, January 18, 2017

Suffering and Misery in Neighbouring Venezuela - What Happens When Government Gets Too Big

Q & A, Hosted by Jay Nordlinger
Ep. 90: A Reporter in a Desperate Country
December 28, 2016

The Venezuelan situation is hard to believe: hunger, violence, a reversion to the primitive. Yet there is beauty there too, and human goodness.
Hannah Dreier is on the scene for the Associated Press. And, once again, she is Jay’s guest on “Q&A.” They talk about parents who give their children away, or even kill them. And people who rob and murder with impunity.
You need to have “bricks of cash,” says Dreier, if you want to buy anything – stacks of cash, for inflation is sky-high. The military has been put in charge of food – the better to prevent a military rebellion. Schools cannot proceed in any normal way.
Etc., etc.
As Jay says, Hannah Dreier is one of the most important journalists in the world now, and she is certainly one of the bravest. This latest conversation is eye-opening.
Hear the interview here

Thursday, January 12, 2017

Frustrating citizens' right to a lawful firearm - Larry Lalla


By Larry Lalla - Attorney at Law

At the end of 2016 Acting Commissioner of Police Stephen Williams trumpeted the fall in the rate of certain serious crimes in the country for the year. His statistics brought little comfort to the average citizen who remains very concerned, and even fearful about the arbitrary, brutal violence that has come to characterise life in Trinidad and Tobago. The fact that the 462 persons (that we know of) were murdered for the year and that rate is the highest in six years, does little to add strength to Williams's reliance on statistics to show that the police have done well over the past year.

Citizens feel helpless against the well-armed criminal. Social media have been swamped in recent times with photographs of modern high-tech weapons that have become common-place in the hands showing-off gang members. Despite the fact that we hear of modern technology and equipment being made available to our Customs and Coast Guard illegal guns seem able to penetrate our borders with alarming and unacceptable ease.

Businessmen and professionals, big and small from all walks of life who deal with cash on a daily basis feel vulnerable and are constantly in fear that tomorrow they, their

businesses or their homes could be the targets of these highly-armed bandits. Some of the fearful have ill-advisedly purchased and are in possession of illegal firearms. They do so because there is the constant belief that the Commissioner of Police will not grant them a Firearm User's Licence, not because they fail to meet the qualifications under the Firearms Act, but because "he just is not granting any licence."

Monday, January 9, 2017

How Many OWTU Workers Does It Take To Erect a Tent?

Credit Trinidad Guardian
Thankfully they didn't have to screw in a light bulb!............it would have taken 47 OWTU workers..... :D 

N.B in the private sector 1 - 2 workers is all it takes to erect a tent ...........

Thursday, December 22, 2016

This Gentleman Should Be Commended for His Accurate, Candid Response

Credit: Trinidad Express

Related Article: Law Abiding Citizens Should Be Granted Easier Access To Firearms

The recent incident where a knife wielding home intruder was shot a killed by the owner who happened to have a licensed firearm highlights the urgent need for law abiding citizens to be granted legitimate access to firearms. In this regard state policy should be adjusted to immediately remove the bureaucracy in sourcing firearms for law abiding citizens. 

Undoubtedly, the current system which frustrates licensed firearm applicants ensures only the politically connected, the wealthy business class, criminals and on duty police officers can carry firearms. This scenario emboldens criminals because they know that law-abiding citizens are unarmed and powerless to defend themselves. Consequently the majority of Trinbagonians are potential victims.

Read the rest here:

Monday, November 14, 2016

Unfounded Caribbean Frenzied Fear Over Mass Deportations from US

Trinidad & Tobago and the wider Caribbean are again being misled by the liberal US media (who predicted a Hillary Clinton win) by anti-Trump propaganda regarding deportation. 

People in the Caribbean would be surprised to know between 2009 and 2015 the Obama administration removed more than 2.5 million people through immigration orders, which doesn’t include the number of people who "self-deported" or were turned away and/or returned to their home country at the border by U.S. Customs and Border Protection (CBP) -more people than any other US president in history. 

To put it in perspective the Obama administration has deported more than the sum of all the presidents of the 20th century.

Trump's recent statement on 60 Minutes that he plans to first focus on deporting the 2 million to 3 million alleged undocumented criminals in the US is likely to mean he will largely turn a blind eye to undocumented workers. 

Let not thy hearts be troubled. Indeed expect Trump to naturally adopt a softer pro business stance of not coming down hard on undocumented workers.

Thursday, November 3, 2016

Trinidad & Tobago Doesn't Need A Public Sector Wage Freeze - It Needs Public Sector Wage Cuts. STAT!

If the state doesn't quickly awaken to this reality the entire country will experience perpetual collective wage cuts via further devaluation of the $TT that will be even more painful and protracted.

The thousands of "public servants" who quite frankly do not add value need to be immediately released into the private sector to serve and add value to their fellow citizens in a meaningful way. An added benefit of the above would be that the collective work ethic in Trinidad and Tobago would improve

Apart from currency devaluation if T&T doesn't get its act together and pursues IMF financing and its consequent conditionalities the IMF will come in and publicly "dress us down". We should get our house in order rather than have the forex market and the IMF do it for us. 

Tuesday, November 1, 2016

Why Venezuelans Coming to Trinidad Illegally Isn't Such a Bad Thing

We should have have no objections to law abiding Venezuelans or any immigrant for that manner coming to Trinidad & Tobago to earn an honest living. As according to the Nobel Memorial Prize economist Milton Friedman. "Illegal Immigration Only Helps When Its Illegal".


Wednesday, October 26, 2016

Coercing Trinidad and Tobago's Citizens to Buy Local Unethical

Any Trinbagonian who earns their income honestly, that income is theirs to use as they choose. They may use it to buy foreign tomatoes or tomatoes from a Trinidadian farmer. 

It’s their money -this principle forms the foundation of property rights. Their income belongs neither to the state nor to any local producer of tomatoes. Yet protectionist and nationalist arguments rest on the premise that local tomato farmers have some positive claim a Trinbagonian's income. 

If you are prohibited from buying foreign tomatoes or – disciplined with a tariff or duty for doing so, the state is insisting that local tomato growers have an ethical claim on part of your income.

Its about time these false arguments are abandoned. They are put forward not for the good of the farmer; but for the good of the state -who salivates at the notion of increasing gov't revenue while promising a voting constituent (in this case local farmers) something for nothing. 


Tuesday, October 25, 2016

The Process of Voluntary Exchange Tends to be “Civilizing”

By Don Boudreaux
Quotation of the Day… is from pages 373-374 of Benjamin A. Rogge’s 1967 essay titled “East-West Trade,” as this essay is reprinted in A Maverick’s Defense of Freedom, the 2010 collection of Rogge’s essays that is edited by Dwight Lee:
The process of voluntary exchange tends to be “civilizing” in its social impact on the parties involved, including a greater awareness of each other’s basic humanity and a reduction in sheer uninformed prejudice. This civilizing influence, combined with economic interdependence created by trade, tends to reduce conflict between the parties involved and to make for more peaceful relationships, both within a country and between countries.

N.B.

The exact opposite occurs in a Trinidad & Tobago government office where by decree interaction with a nameless, rude, obstinate public servant is hoisted upon the individual by force and compulsion leading to constant conflict and frustration.  (Think Wrightson Road, Port of Spain Licensing Office)





Bottom line: the bigger the role government plays in society the more uncivilized it becomes. As the Trinidad & Tobago state grows expect more incivility. 

Wednesday, October 19, 2016

T&T's Incremental Income Tax of 30% on Income Above $1 Million Misguided....

Incremental Income Tax of 30% on Income Above $1 Million aka The Tax to make the Trinidad & Tobago economy even more uncomfortable for the persons who are the most productive, take the most risks, add major value and/or create the most jobs.

Apparently these same miscreants need to "pay their fair share"

Sadly budgetary policy based on class war fare and envy is now the order of the day.



P.S. these higher income earners who obviously are quite sophiticated with find find creative ways of legally avoiding the tax e.g. larger expense accounts, paid vacations, company vehicle, company housing etc.

Wednesday, October 12, 2016

Anaemic T&T Economy Suffering Under Bloated Government

Trinidad & Tobago's economic troubles are simple. There are too many people ridding in the wagon and not enough people pulling the wagon. Of course the ones ridding in the wagon are the politicians, the politically connected, government contractors, "public servants" etc who consume resources but not produce. 


Even worse are the bureaucrats who further drag down the economy by impeding productive citizens via rules, regulations and policies they dream up. In years past the largesse could have continued fairly unnoticed; however now that the country's resources have become ever more scarce the the problems are becoming even more glaring. 

Looking for "additional sources of government revenue" is not the solution; rather reducing the parasitic nature of state is the appropriate and moral option. 

Thursday, July 14, 2016

Child Labor and Globalization


Nothing wrong in buying goods produced with child labour. Best way to "save the children" is increased trade with countries with child labour. 

Monday, June 27, 2016

Formal education isn't for everyone--Thomas Sowell

How Education Gets Watered Down in a Government Controlled Education System


Thursday, April 14, 2016

The Truth About the Trinidad and Tobago Economy

The Trinidad and Tobago economy is spiralling downward; and while the government of the day attempts to arrest the situation they fail to fully grasp the real cause of our anemia. 

At the core of our economic deficiency is not low energy prices. This is tantamount to an over weight person commenting that the cause of their obesity is high caloric food. No. The cause of your obesity is your indiscipline and lack of self restraint -as politically incorrect as it may sound. In other words behaviour and character flaws of the person or country in question must be identified not exogenous factors. 

Trinidad and Tobago has a simple problem which is not being identified by politicians, bureaucrats and intellectuals who all feed at the TTTT the Trinidad & Tobago Treasury Trough in some form or fashion and have a vested interest in maintaining the status quo. 

Tuesday, March 22, 2016

Median US Household Income for Various Ethnic Groups

Culture, the content of your character and work ethic more important and skin colour. 

Via NYT:

There are some black and Hispanic groups in America that far outperform some white and Asian groups. Immigrants from many West Indian and African countries, such as Jamaica, Ghana, and Haiti, are climbing America’s higher education ladder, but perhaps the most prominent are Nigerians. Nigerians make up less than 1 percent of the black population in the United States, yet in 2013 nearly one-quarter of the black students at Harvard Business School were of Nigerian ancestry; over a fourth of Nigerian-Americans have a graduate or professional degree, as compared with only about 11 percent of whites.

Monday, March 14, 2016

Arcelor Mittal Should Die a Natural Death

In short, Arcelor Mittal should go into bankruptcy and all its assets frozen and put up for sale to recoup funds necessary to pay its creditors without any government involvement. 
As with normal bankruptcy proceedings investors, creditors etc. would have to join the pecking order to receive portions of outstanding debts. 

No pumping of tax dollars into a failed company, no tens of millions of dollars on a moot commission of inquiry with high priced lawyers, no selling of assets at discounted prices to political friends, no corporate welfare or bail out. 

Surely, workers would permanently loose their jobs but this is the risk involved in operating in any market place. 


Workers are now free to serve other citizens of Trinidad and Tobago's market place - i.e. a form of "creative destruction".

When it is all said and done; poor assets would have rightly been liquidated and other entrepreneurs would have the opportunity to purchase these assets and apply a more sound business models. 

Note well that failure also serves as a warning signal to other companies to avoid undue risk and mismanagement. 

P.S. This philosophy should also apply to state companies.

Monday, February 8, 2016

The Truth About the Zika Jumbie

Would recommend persons in Trinidad and Tobago watch this interview before they frantically consider aborting babies and/or delaying child birth due to the supposed Zika jumbie hiding under our beds. 

James Corbett is a respected alternative media source while Jon Rappoport is an award winning investigative journalist. Well worth viewing. 

The Truth About the Zika Virus: Jon Rappoport on The Corbett Report




Thursday, January 14, 2016

Political Correctness Doesn't Trump Property Rights

On the night of Friday Dec 11th, Aria Lounge staff on Ariapita Avenue denied the “ladies only free entry 9.30—10 pm” policy to a female club patron, because, according to the club said she was “projecting the image of a man” and therefore had to pay a man’s admission fee.

In short, Aria should be defended over its decision to deny entry for what ever reason to any potential patron it doesn't want on its premises. The debate that should be had which all the "legal scholars" and opinion leaders have not acknowledged is the nature of private property rights. 

Society and civilization doesn't work when one or more rambunctious persons seek to use a mob or the strong arm of government via political correctness to diminish the property rights of another.

Do remember that that the very essence of property rights postulates that ownership must include the ability to exclude others from using ones property. 

Therefore if a homeowner or club owner or grocery owner cannot exclude others from the use of his property then the owner does not actually own it, for without the right to exclude, the “owner” is reduced to little more than a hapless caretaker.

Wednesday, January 13, 2016

Asking a Woman’s Father For Her Hand In Marriage

By Brett and Kate McKay
So you’ve stopped hanging out with women and started dating them. Consequently, you’ve found a woman who has become your best friend, and you know she is the one. Things have been serious for quite some time now and you’re ready to take your relationship to the next level: marriage.
One tradition that has been slowly fading away from Western society is asking a woman’s father for her hand in marriage. Many argue that the whole idea smacks of sexism and chauvinism and harks back to times when women were treated like chattel.
Whatever. I think it’s just respectful to ask your future bride’s father for his blessing as you start down the path towards matrimony. It lets your girlfriend’s father know that you’re sincere in your intentions and a true gentleman. It’s an important tradition, a rite of passage, and a bonding experience between you and your future father-in-law. Plus, most women we asked think it’s a sweet gesture.
But it’s no easy task; the experience can make any man a nervous wreck. I remember when I had the talk with my father-in-law; I was sweating bullets. Hopefully, the guidelines that follow will help ease the stress and make the experience bearable if not enjoyable.
1. Talk to your girlfriend first. Before you go and sit down and talk man-to-man with your potential father-in-law, make sure you and your girlfriend are on the same page as far as the whole marriage thing goes. Is she ready to commit? Does she even want to get married? If so, how soon does she want to get hitched? You don’t want to get your girlfriend’s father’s blessing to marry his daughter, just to have his daughter turn you down when you propose.
2. Try to meet him before you ask. If it’s possible, try to meet your girlfriend’s parents a few times before you decide you want to marry her. While my wife and I were dating, I had the opportunity to visit her parents on several occasions. I got to know them rather well before we got engaged. It made sitting down with her dad and discussing my wish to marry his daughter a bit easier because we had already established a relationship. Again, not all situations will allow this, but if you can, do it.
3. Sit down with him man-to-man. There are several ways you can go about this, and I think it all depends on what kind of man your girlfriend’s father is. Consider taking him out to dinner or going to a bar or coffee shop. Breaking bread with him might make the situation a bit more comfortable. If that’s not a possibility, during a visit just ask if you can speak to him in private. If her dad lives far away, try to time the conversation for a trip home which has already been planned, perhaps during the holidays. If this is not possible, it’s okay to conduct the talk over the phone.

Read the rest of the article.

Thursday, January 7, 2016

Debunking the notion: "Better salaries for MPs could reduce corruption"

Expert: "Better salaries for MPs could reduce corruption" 
"This is the hypothesis of parliamentary oversight expert and World Bank consultant Prof Rick Stapenhurst, who delivered a lecture on Tuesday evening at the Hamilton Maurice Room, ­Tower D, International Waterfront ­Centre, Port of SpainIn response to a question on whether there was a correlation between increased compensation for MPs and a reduced level of corruption, Stapenhurst said: “I would think so.""Via: Trinidadexpress.com
Government essentially a high priced auction
While attempting to eliminate or reduce corruption is a noble endeavor paying "Public Servants" higher salaries is not the solution. 

On the contrary the very nature of government ensures corruption will remain a pervasive scourge on Trinidad and Tobago.

A higher salary would never be enough compared to what rent seekers are willing to pay to get politicians to act in their favour. 

The flawed political system essentially bestows inherent power upon politicians to disburse massive tax revenues at the discretion of the politician. They have the power to award and cancel contracts, give hand outs, approvals and special favours. 

What should be done therefore to mitigate this unpleasant reality? Shrink the power, scope and size of the state, thereby limiting the politician's ability to dole out favours and tax payer dollars at their discretion. A gradual move to a less centrally planned more free-market environment with smaller government, would lead to less corruption in the distribution tax dollars.

Wednesday, January 6, 2016

Milton Friedman: Illegal Immigration Only Helps When Its Illegal

In the T&T context because of the limited availability Trinidad and Tobago workers due to generous social welfare programmes and make work programmes like CEPEP illegal Guyanese, Jamaican and Indian workers etc end up filling employment vacancies. 


Friday, November 20, 2015

Who’s Making A Killing From the Paris Terror Attacks?

By Daniel McAdams

Terrorism is great for business if you’re in the business of growing the government leviathan. The bodies in Paris are not yet buried, while the vultures with dollar signs (and pounds and Euros, etc) in their eyes have already swooped down for a feast.
Terrorism, what is it good for?
1) The military-industrial-Congressional complex: Thanks to Glenn Greenwald for bringing to light the enormous profits that are already rolling in for the merchants of death as Paris still smolders. As Greenwald points out, the markets could hardly wait to start buying from these military suppliers:
raytheon

Thursday, September 3, 2015

Why The Govt, Media and Academia Hate It When You Don't Vote

Voting is the holy sacrament of politics and it is greatly frowned upon by the state, media, academia etc if you decide not to participate.  

It disturbs politicians and the politically connected that some people do not subscribe to the notion that politicians should be supreme rulers -this weakens the powers at be and undermines and demystifies politicians and their authority. 

These are the ideas politicians and their friends fear and work hard at dismissing. Imagine what a scare for the politician if no one showed up election day. Politicians would lose the affirmation of somehow being superior along with the authority to tell us what to do and spend our money!

Thursday, July 16, 2015

The PNM / UNC / COP / ILP Political Manifesto Cheat Sheet

Because we should not expect much in terms of policy proposals and manifestors during the current Trinidad and Tobago election cycle, here are some proposed ideas either the People's National Movement (PNM), United National Congress (UNC) or any of the political parties can consider for presentation on their political platforms ahead of the general election in 2015.
  • Increase the Personal Tax Allowance Immediately to $120,000
Under T&T's tax system implemented in 2006 all individual taxpayers are granted a Personal Allowance of $60,000 per year. This means that you do not pay income tax on your first $60,000 of income and 25% on amounts above $60,000. 

Since 2006 however inflation which has averaged a minimum of 9% has stolen purchasing power away from salaried workers and persons on fixed incomes. At the same time food prices have averaged annual increases of 17%. 

To mitigate this patently unfair reality the personal tax allowance should be expanded equivalent to the rate of inflation which means tax allowances in 2014 should be at least $117,000. Any intellectually and morally honest Ministry of Finance should embrace this principle so as to offer relief to an already over taxed population

Monday, June 15, 2015

Trinidad and Tobago's Foreign Exchange Shortage Not Just Bad for Business - It's Worse For Individuals

Everyone agrees the shortage of foreign exchange is bad for business. It limits the ability of the business community to purchase imports which are in turn offered for sale locally. 

While the Central Bank of T&T issues regular press releases of how much $US it has pumped into the system; individuals not connected politically or to the commercial banks don't have access to these injections.

Its obvious, that given the severe declines in energy production and consequent declines in exports ($US earnings) there will be increasing scarcity of US dollars locally. This, coupled with the fact that the T&T government continues to flood the economy with newly minted $TT to fund social programmes 
means the $TT is losing value rapidly. 


Wednesday, June 10, 2015

These 19 passports (T&T's included) will be a lot more valuable on July 1st

by Simon Black

That last one is a major issue, because travel is a huge opportunity.


It seems strange that a complete accident of birth has such a massive impact on someone’s life.

We don’t get to control where we’re born. It’s a fluke really. Yet as soon as we come into this world a particular nationality is thrust upon us like a birthmark that stays with us for life.

Our nationality dictates so many things throughout our life.

Friday, May 15, 2015

Who Wants To Be A Millionaire Politician?

Why would any private citizen want to become a politician? Many current and aspiring politicians are qualified professionals, with at least average ability to earn a living in the marketplace; often higher than a ministerial salary. 

Their names and families are / will be frequently slandered in the news media and they endure microscopic scrutiny by the public. Yet many voluntarily and eagerly put their feet towards the fire. Are these politicians or potential candidates so altruistic and sacrificial in nature? Do they somehow possess an innate insatiable desire to seek the public interest? 

Tuesday, April 28, 2015

The Art of Bribing

By Jayant Bhandari

Many years back, a relative in India was trying to transfer a property that he had bought. He had failed to offer a bribe, had rubbed the fragile ego of a bureaucrat the wrong way, and now an inked-note on the file was pre-empting the transfer.

The bureaucrat was enjoying a certain kind of pleasure from making my relative run around in desperation.

To hurry things up, my relative decided to take help of a Minister in the government. To my utter surprise, the three of us went to the bureaucrat—I had thought the bureaucrat would come to the Minister’s office. After much pleading, we were told the property could not be transferred.

A note had been made in ink and now it was not possible to undo the damage.

The property, we were told, would not be transferred.

A cash contribution to the Minister for “electoral campaigning,” despite that there were no elections in sight, had been wasted.

A few months later, we again ended up in the same bureaucrat’s office, but without the Minister. On this occasion, a bribe had been pre-arranged. The transfer was quick.

Tuesday, April 14, 2015

The Politically Incorrect Guide to Acquiring A Home in T&T - 35 Tips, Tools and Tricks

Acquiring a personal residence in Trinidad and Tobago especially for the young and middle aged working class is not easy -but not impossible

As I've outlined before the state is the primary culprit making home ownership cost prohibitive by indiscriminately expanding the money supply (money printing) thereby causing inflation. The state also limits the supply of new homes via a burdensome regulatory bureaucracy (Town & Country etc) . 

That being said you can refuse to be a victim of state oppression by adopting lifestyle habits that will offer you a better opportunity at financial independence and success. So called leaders will tout a government "solution", but be forewarned this is an oxymoron. On the contrary a politician does not offer independence and autonomy; rather he seeks to create dependency and reliance to secure political control. 

At the risk of being politically incorrect and offending people in society who are believed to have a disadvantage here are some quick tips that will help you on your journey to home ownership and/or financial success.

  1. Don't do drugs
  2. Don't engage in high risk sexual activity 
  3. Avoid becoming a single mother / father
  4. Don't chase women / men (they deplete your resources)
  5. Get married, settle down - two incomes can achieve more than just one
  6. Avoid gambling even on a small level - play whe, casinos etc
  7. Cut out alcoholic consumption
  8. Don't smoke

Wednesday, March 18, 2015

The Minimum Wage In Trinidad & Tobago

On January 1st 2015 Trinidad and Tobago's minimum wage was increased from $12.50 to $15.00 per hour. Ironically most workers in T&T earn more than the mandated $15.00/ hr anyway, because of inflation and economic crowding out (i.e. wages being bid up because of excessive government demand in the labour market). Therefore the negative effects of the minimum wage in T&T will be contained.

Thursday, March 5, 2015

Trinidad & Tobago's Distraction of the Week: Bullying in Schools

Trinidad and Tobago's most recent distraction of the week is the "bullying epidemic" in schools. There should be no surprise that violence and indiscipline in schools are on the rise as a result of decades of failed government education / social policy including but not limited to:
  • The removal of corporal punishment in schools for political reasons.  
  • Political pandering to the Trinidad & Tobago Unified Teachers Association (TTUTA) that ensures there is no accountability or repercussions for teacher non performance.
  • The dwindling number of male teachers and administrators -who because they are primary breadwinners will not consider teacher as a financially viable occupation due to the rising cost of living caused by bureaucracy, taxes and government created inflation via the Central Bank expansion of the money supply.
  • The rendering of fathers in some homes redundant as a result of extensive public assistance options geared towards single mothers and women in general. 

Saturday, February 21, 2015

How the T&T Central Bank Expands The Money Supply and Devalues The $TT

In order to obscure the role of the Trinidad & Tobago Central Bank (TTCB) in stealing wealth via legalized counterfeiting the TTCB like other central banks engage in a scheme called "Open Market Operations." 

The term itself is a euphemism as it is neither open nor a market phenomenon; rather its a technique that furthers increased government spending at the expense of the unsuspecting working class.

On one hand, to directly fund government spending the TTCB sells government bonds. On the other hand, the TTCB subsequently buys back government bonds by increasing Commercial Bank balances electronically held at the Central Bank as payment. The money supply therefore expands and causes inflation.

Tuesday, January 20, 2015

Wondering Why Trinidad Fete Prices Are So High?

Thank your Government (Working For You) and the Central Bank of Trinidad and Tobago. 
Data source: Central Bank Trinidad & Tobago
When the Central Bank increases the money supply (prints money or electronically puts it into circulation) prices of everything go up; since each individual dollar becomes less valuable. 

Monday, January 19, 2015

On "RICH BASTARDS"

By Thomas J. Sowell


Some time ago, burglars in England scrawled a message on the wall of a home they had looted: "RICH BASTARDS."

Those two words captured the spirit of the politicized vision of equality — that it was a grievance when someone was better off than themselves.

That, of course, is not the only meaning of equality, but it is the predominant political meaning in practice, where economic "disparities" and "gaps" are automatically treated as "inequities." If one racial or ethnic group has a lower income than another, that is automatically called "discrimination" by many people in politics, the media and academia.

Wednesday, December 24, 2014

20 Years in a Cage for Possessing Forbidden Plants

According to a recent report an accused, 62-year-old Dennis Sandy alias ‘Bow’ of Lowkie Trace, Penal was ordered to serve a 20 year prison term after being found guilty of trafficking marijuana in 2007 — four bags — with a street value of $.5 million.

Justice Rampersad justified his sentence on the grounds that the judiciary must send a clear and unambiguous message to persons of like mind, that marijuana trafficking is detrimental to society.

What the Justice has failed to realize is that is by his very judgement he has all but destroyed Mr. Sandy's life, and severely damaged his immediate family; while at the same time placed a further premium on the price of marijuana, thereby making the drug trade even more lucrative and attractive.

Thomas Sowell - Culture Matters

Dr Sowell explains why culture is the single biggest determinant of financial success not race, gender or political connectivity.


Monday, December 15, 2014

The Sir Solomon Hochoy Highway - Cable Barrier Racket

Unfortunately traffic accidents inevitably occur on the highways of T&T and their outcomes are far worse when vehicles cross the median and collide with bystanders heading in the opposite direction. 

The state in predictable fashion has used this unfortunate reality to further fleece taxpayers. 

Instead of the installing the most suitable and cost effective road restraint system the Ministry of Works has opted for the most ineffective and most expensive option so that they can line the pockets of their political cronies. 

Wednesday, November 19, 2014

A "Political Solution": An Oxymoron

In the long run politicians and politics don’t produce “solutions” to any issue or problem. In fact, most major societal problems are as a result of government interference into family and social life in the first place. 

Be it government created inflation (money printing), taxes, corruption, welfare or the drug war, all serve to destroy the family and society.

Any government intervention ultimately produces arbitrary winners and losers, impositions, unintended consequences, corruption, cultural and racial animosity and destruction of voluntary market interactions and wealth. 

Tuesday, October 28, 2014

It's Starting: Russians and Chinese Are Ditching the US Dollar and Europeans Are Using Renminbi in Their Reserves

By Simon Black

At present, US dollar accounts for roughly 61% of the world's foreign exchange reserves.

It's still a safe bet for most, not because the currency is actually strong, but because so many others are already so reliant on it.

Between those with reserves in and pegs to the US dollar, many countries have given their allegiance, and now have a vested interest in the health of the currency.

Due to this common interest, a sort of unofficial, involuntary alliance has been formed between them all.

Together, they’re all playing along, pretending that everything is fine. If the dollar collapses, they're all screwed, so they've got to get each other’s backs.

From the throne of the world’s reserve currency, the Federal Reserve, with the power to print the US dollar, feels dangerously omnipotent.

They can get away with just about anything. For now.

Tuesday, October 21, 2014

Police Force Goes on Strike, Residents Pleased

What would happen if the police went on strike?  Would all of your once friendly neighbors become thieves and murderers? 

Or would the peaceful majority quickly begin to self organize to protect one another from the few in their communities who actually are thieves and murderers?

Despite conventional wisdom societies don't actually descend into complete chaos. After all public police forces were not imposed on the populace until the middle of the nineteenth century in the United States and Great Britain.

Monday, October 13, 2014

Myth - T&T Needs Big Government To Redistribute Oil & Gas Wealth

Trinbagonians have been comprehensively convinced by a state funded and controlled school system to believe that the T&T government must comprise a large percentage of the T&T economy to redistribute oil and gas wealth; otherwise T&T's patronage would be siphoned away by foreigners.
Overlooked however is current and historical government energy policy that imposes extremely high barriers to entry on companies wishing to enter the energy space ensuring only large multinationals can participate. 

Monday, September 22, 2014

Government Shouldn't Be In The Housing Business

According to recent reports $227 billion would has been spent nationally from 2010 to 2015. Data provided by the HDC shows that from 2010 to present, the HDC has allocated 4,902 houses to new homeowners.

A simple calculation would indicate that each of the 4900 houses delivered many of which had design deficiencies and poor workmanship cost the taxpayer a staggering $46,000,000 per home. 

In fact given that the gov' t builds homes primarily on state lands with the typical modest home construction costing around $600.000 privately, the state should have delivered 378,000 homes for the price tag of $227 billion.

Of course; most of the money was siphoned away by the politically connected; even whilst housing applicants are lulled into a state of paralysis waiting for an illusive substandard home -instead of trying to acquire a home privately.