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Opposition Senator Wade Mark says Central Bank Governor Jwala Rambarran’s sacking last December was one of the most evil things to happen in T&T.
Mark said Rambarran was fired to satisfy the interests of the “conglomerate cabal” in T&T.
He said so while completing debate on a private motion he brought in the Senate yesterday “to condemn the actions of the Government” in its dismissal of Rambarran on December 23, 2015. The motion was defeated.
Mark said it was clear that Rambarran, who was appointed for a five-year term in July 2012, was removed prematurely because of the interests of the conglomerate cabal who were the benefits of the largest amount of foreign exchange.
He said those business groups were allowed millions of US dollars while the average citizen was only able to get hundreds.
According to Mark, Rambarran’s dismissal was part of a “systematic conspiracy,” adding that answers must be provided to citizens.
He said the Government was always opposed to Rambarran’s appointment as Central Bank Governor, with many questioning his qualification for the job.
Temporary Opposition Senator Gerald Ramdeen said the Government must also tell the nation who provided the legal advice it received before the governor’s dismissal and what was the cost of the exercise.
Temporary Independent Senator, Pastor Clive Dottin, said Rambarran was unfairly treated and also spoke about the influence of big business on politicians.
He said the Attorney General and the Central Bank Governor were two office holders who should be insulated from political interference.
Later, Mark presented another private motion calling for the establishment of a Joint Select Committee to consider and report within three months on a legislative agenda for parliamentary autonomy in T&T.
eliteauto wrote:only the mind of a simpleton will be bowled over by the starling revelation that big businesses/conglomerates use more forex than small ones and individuals, what was the intent of Rambarran's info? To suggest to the average man that he was suffering as a result of big companies? Seems in line with Wade Mark's comment. I wonder if that was to distract from the fact that the forex shortages started the same time Rambarran interfered with the forex system to introduce certain new players? Now that the system has been reverted and some months have passed how come I'm not hearing the same complaints as pre-Christmas?
eliteauto wrote:Lance we both know better as per our discussions in other places, I just love playing to the sycophantic rhetoric of both sides, it's what fuels ppl like ZR, here is not the place for intelligent dispassionate discourse the inherent biases are too deeply ingrained.
As for the changes, there are subtle financial polices at play to enact the changes from the supply side and thus change the demand side, its either you pay a premium or change your buying habits Obviously those can't be stated openly owing to those who oppose for opposing sake. As for your last post you're correct but see above to understand my motive, you know me and my knowledge of economics better than that to even reply to my post
eliteauto wrote:Lance we both know better as per our discussions in other places, I just love playing to the sycophantic rhetoric of both sides, it's what fuels ppl like ZR, here is not the place for intelligent dispassionate discourse the inherent biases are too deeply ingrained.
As for the changes, there are subtle financial polices at play to enact the changes from the supply side and thus change the demand side, its either you pay a premium or change your buying habits Obviously those can't be stated openly owing to those who oppose for opposing sake. As for your last post you're correct but see above to understand my motive, you know me and my knowledge of economics better than that to even reply to my post
Misguided civil engineer FTMFL! drchaos wrote:Ey Malcom Jones resign! Happy days ahead!
drchaos wrote:The way I look at it is at least he is gone. With the craziness that went on already at least we won't be subject to anymore.
drchaos wrote:The way I look at it is at least he is gone. With the craziness that went on already at least we won't be subject to anymoreFROM HIM..
rspann wrote:drchaos wrote:The way I look at it is at least he is gone. With the craziness that went on already at least we won't be subject to anymoreFROM HIM..
drchaos wrote:Ey Malcom Jones resign! Happy days ahead!
drchaos wrote:The IMF is now a PNM propoganda mouth piece!
"THE International Monetary Fund (IMF) is forecasting an economic turnaround in Trinidad and Tobago next year.
And it is basing that forecast, not primarily on better oil and gas prices or production but on its confidence in the Government."
http://www.trinidadexpress.com/20160630 ... -next-year
drchaos wrote:What I doh understand is in what sectors they expect the economy to grow?
Anyone have any info on what the PNM has actually done to grow the economy by the end of next year? All I have seen is so far is them trying to balance the budget by raising taxes and reducing subsidies.
Or is the IMF smoking crack again?
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