Ralph Gonsalves is an economic fool and so is Camillo (7/9/2016)
It is no secret that Camillo Gonsalves is being groomed by his father, Ralph Gonsalves, the sitting and accused illegal prime minister of St Vincent and the Grenadines, to take the leadership of the Unity Labour Party (ULP) and the governance of St Vincent and the Grenadines.
Unfortunately for the supporters of the Unity Labour Party, who are more concerned about having the party they support in political office, even at the expense of a failing economy, please excuse me, a failed economy, and the people of SVG in general who have to live in an island, where there is an escalating criminal community, which is led by his father, the prime minister, who has perpetrated a miscarriage of justice on several occasions for rape, sexual assault charges, and God knows what other evidence-based felonies his handpicked commissioner of police, director of public prosecutions and other prosecuting authorities have swept under the carpet in their efforts to protect him (Ralph E. Gonsalves) from prosecution and public scandals.
Like his father, Camillo Gonsalves is also a political dunce and an economic idiot and there is nothing that his childish father who holds a useless PhD could teach him that can be an asset in him (Camillo) becoming a good leader or in the development of our ailing economy.
Of course, I have said a lot of negatives but truthful things about Camillo and Ralph Gonsalves, and I am now compelled to prove my opening allegations, as it relates to the educational mentality of the prime minister and his son and l will.
Camillo Gonsalves’ recent visit to the US, in particular New York City, saw him sending out a message to Vincentians who are living abroad and have attained some form of financial wealth or independence, to return to St Vincent and the Grenadines to invest in SVG. According to his public speech, the basis on which Camillo is asking such people to utilize their nest eggs is: “The prices in St Vincent and the Grenadines are going to rise soon.” I get the impression that a high cost of living is Ralph and Camillo Gonsalves’ new definition or indicator that the economy is improving. But to the contrary, it is the primary sign of a depressed economy.
If I read Camillo Gonsalves correctly, to create a state or economic depression is a basis on which to entice Vincentians to invest in the country. While other governments are looking forward to lowering the cost of commodities and cost of living in general, Camillo Gonsalves is looking forward with hopeful anticipation for the opposite to happen in St Vincent and the Grenadines.
Camillo Gonsalves made his statement as if investors are immune to the effects of high prices, high cost of living and such are a benefit the investors and their investment. But I have news for this little whippersnapper, high prices only mean high cost of living: higher cost for goods and services, which translates into a higher cost of doing business, and a lower profit margins for those people who are engaged in enterprises in St Vincent and the Grenadines.
It also appears that Ralph Gonsalves and his son Camillo are trying to price Vincentians into poverty, starvation and into a life of crime. It is their objective to transform the already dwindling middle class into one big lower or poverty class; thus transforming St Vincent and the Grenadines into two classes of people:
1. A small group of haves.
2. And a massive group of have not.
Economics AHP – A lesson for the Gonsalves
Neither, Ralph or Camillo Gonsalves understands economics in any of its forms. It is a shame that a leader of a sovereign nation or his understudy does not know the difference between an enterprise and an investment as it relates to small island economies. What Camillo Gonsalves was calling people to do was to return home to set up enterprises. There is a big difference between an establishment that is an enterprise and an investment as it relates to small economies.
An enterprise depends on circulating capital of the economy for its sustainability and its profitability. I will explain more about investment as it relates to a small economy or small island economies later.
A simple but critical fact that the Gonsalves are unaware of is the reason why once thriving rural communities in St Vincent and the Grenadines have seen the dismantling of many family oriented or mom and pop business and other enterprise, especially the two towns of Chateaubelair and Georgetown, which had the largest commercial activities after Kingstown and are the two largest and more established towns in St Vincent and the Grenadines.
He is still unable to answer why so many enterprises are permanently closing their doors and discontinuing operations, even within the Kingstown area. I will boldly say that the closures of all these businesses have nothing to do with good or bad business practices.
The primary cause of all these business closures is that the economy does not have enough circulating capital to sustain the profitability or the existing businesses. What Camillo and Ralph need to do is to get an economic reality check, in order to find out three things, which are as follows:
1. What is the true state of the circulating capital of St Vincent and the Grenadines?
2. What is the annual diminishing rate of the circulating capital within St Vincent and the Grenadines?
3. What percentage of the circulating capital leaves SVG in corporate or company profits each year?
If a person returns to St Vincent and the Grenadines and invests a couple hundred thousand US dollars, there is no guarantee that the investor is going to recoup his investment and business is going to become profitable. If they happen to so do, the investors will be doing it at the demise of other businesses.
From my calculations, new business has a two percent chance of being successful in SVG, and that is at the expense at the failure of some other enterprise. This is the fact as it stands in St Vincent and the Grenadines and this is so because the circulating capital is not enough to support and ensure the profitability of the already established businesses in St Vincent and the Grenadines.
Within the second half of year, I predict at least four major businesses are going to permanently close their doors and terminate operations. There will also be several businesses that have a tradition of being major employers in St Vincent and the Grenadines are going to be downsizing.
Unfortunately for the supporters of the Unity Labour Party, who are more concerned about having the party they support in political office, even at the expense of a failing economy, please excuse me, a failed economy, and the people of SVG in general who have to live in an island, where there is an escalating criminal community, which is led by his father, the prime minister, who has perpetrated a miscarriage of justice on several occasions for rape, sexual assault charges, and God knows what other evidence-based felonies his handpicked commissioner of police, director of public prosecutions and other prosecuting authorities have swept under the carpet in their efforts to protect him (Ralph E. Gonsalves) from prosecution and public scandals.
Like his father, Camillo Gonsalves is also a political dunce and an economic idiot and there is nothing that his childish father who holds a useless PhD could teach him that can be an asset in him (Camillo) becoming a good leader or in the development of our ailing economy.
Of course, I have said a lot of negatives but truthful things about Camillo and Ralph Gonsalves, and I am now compelled to prove my opening allegations, as it relates to the educational mentality of the prime minister and his son and l will.
Camillo Gonsalves’ recent visit to the US, in particular New York City, saw him sending out a message to Vincentians who are living abroad and have attained some form of financial wealth or independence, to return to St Vincent and the Grenadines to invest in SVG. According to his public speech, the basis on which Camillo is asking such people to utilize their nest eggs is: “The prices in St Vincent and the Grenadines are going to rise soon.” I get the impression that a high cost of living is Ralph and Camillo Gonsalves’ new definition or indicator that the economy is improving. But to the contrary, it is the primary sign of a depressed economy.
If I read Camillo Gonsalves correctly, to create a state or economic depression is a basis on which to entice Vincentians to invest in the country. While other governments are looking forward to lowering the cost of commodities and cost of living in general, Camillo Gonsalves is looking forward with hopeful anticipation for the opposite to happen in St Vincent and the Grenadines.
Camillo Gonsalves made his statement as if investors are immune to the effects of high prices, high cost of living and such are a benefit the investors and their investment. But I have news for this little whippersnapper, high prices only mean high cost of living: higher cost for goods and services, which translates into a higher cost of doing business, and a lower profit margins for those people who are engaged in enterprises in St Vincent and the Grenadines.
It also appears that Ralph Gonsalves and his son Camillo are trying to price Vincentians into poverty, starvation and into a life of crime. It is their objective to transform the already dwindling middle class into one big lower or poverty class; thus transforming St Vincent and the Grenadines into two classes of people:
1. A small group of haves.
2. And a massive group of have not.
Economics AHP – A lesson for the Gonsalves
Neither, Ralph or Camillo Gonsalves understands economics in any of its forms. It is a shame that a leader of a sovereign nation or his understudy does not know the difference between an enterprise and an investment as it relates to small island economies. What Camillo Gonsalves was calling people to do was to return home to set up enterprises. There is a big difference between an establishment that is an enterprise and an investment as it relates to small economies.
An enterprise depends on circulating capital of the economy for its sustainability and its profitability. I will explain more about investment as it relates to a small economy or small island economies later.
A simple but critical fact that the Gonsalves are unaware of is the reason why once thriving rural communities in St Vincent and the Grenadines have seen the dismantling of many family oriented or mom and pop business and other enterprise, especially the two towns of Chateaubelair and Georgetown, which had the largest commercial activities after Kingstown and are the two largest and more established towns in St Vincent and the Grenadines.
He is still unable to answer why so many enterprises are permanently closing their doors and discontinuing operations, even within the Kingstown area. I will boldly say that the closures of all these businesses have nothing to do with good or bad business practices.
The primary cause of all these business closures is that the economy does not have enough circulating capital to sustain the profitability or the existing businesses. What Camillo and Ralph need to do is to get an economic reality check, in order to find out three things, which are as follows:
1. What is the true state of the circulating capital of St Vincent and the Grenadines?
2. What is the annual diminishing rate of the circulating capital within St Vincent and the Grenadines?
3. What percentage of the circulating capital leaves SVG in corporate or company profits each year?
If a person returns to St Vincent and the Grenadines and invests a couple hundred thousand US dollars, there is no guarantee that the investor is going to recoup his investment and business is going to become profitable. If they happen to so do, the investors will be doing it at the demise of other businesses.
From my calculations, new business has a two percent chance of being successful in SVG, and that is at the expense at the failure of some other enterprise. This is the fact as it stands in St Vincent and the Grenadines and this is so because the circulating capital is not enough to support and ensure the profitability of the already established businesses in St Vincent and the Grenadines.
Within the second half of year, I predict at least four major businesses are going to permanently close their doors and terminate operations. There will also be several businesses that have a tradition of being major employers in St Vincent and the Grenadines are going to be downsizing.
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