Christopher Gill’s Column

We Pay For SPPF Sins - Broke, Bankrupt and Collapsed (BBC)

This past week joins the list of the most traumatic weeks in Seychellois history, and it joins the ranks of Coup D’Etat, Announcement of the opening of NYS, Announcement of Multi Party Politics in 1991 for Simon Gill, Black October for all of us. You can dub this past week as “Broke October” as well, because at the end of the week, the SPPF, through this and that skit on SBC, basically told us we were in fact Broke, Bankrupt, and Collapsed (BBC) has just begun. We must continue to be sympathetic to SPPF supporters and those in the last elections who now see voting for the wrong man can have a deadly impact on our Country and our families future. The only mistake these misguided voters made is that they listened to those so very nice words of the SPPF talk, talk, talk, talk, talk, machine, that once running, sounds so good, but is a disaster in reality for all of us Seychellois.

Another Doctor Visits The Economic lying Leper

In June, President Dr. Festus Mugae of Botswana visited Mr. President to help him along his terminal leadership ailments. Most recently, Dr Gareth Fitzgerald former Prime Minister of Ireland paid a visit to the economic lying leper (Jack). Dr. Fitzgerald is a Doctor of Economics and has been here before, edging his friend Jack to get on with the economic reforms, before SPPF makes Seychelles opt for an IMF Plan to bail out the SPPF’s sinking ship.

While Prime Minister in Dublin, Ireland, Dr. Fitzgerald made an attempt at economic reform, but his socially left tendencies towards giving out health care and free baby sitting services, did not help matters. Eventually he left government without turning the Irish economy around. The leaders that followed him did the job, Ireland Boomed! Then, no one needed free babysitters.

Dr Fitzgerald banked on his fine French speaking skills to land a job at the European Union. Since then, he has been advising governments that have a “Basket Republic Economy” like Seychelles, how best to reform and put an end to the madness created by People who are better at shooting rabbits and men, than running a Country well. His words were not of encouragement but of dire warning to the People of Seychelles. Dr. Fitzgerald said, “your debts are too high at 190 % of your Gross National Product (GNP), you need a plan to bring it down.” Dr. Fitzgerald added we have a huge hurdle to overcome.

However, Jack tells us we have no debts. He says he has paid them all off. More lies, when our leaders should have the courage to tell us the Truth. A bad economic policy is like Cancer to the stomach for a Country, the longer you remain in denial, act like it does not exist, the worse it will get. For Seychelles, the Cancer has already eaten us out while SPPF thinks it is still a functional political organ. It is not, it is destined for the dust bins of history because it’s leaders did not know when to make the right changes at the right time. Thank goodness for us Seychellois, their last four (4) years are running out fast.

For now, the People of Seychelles pay the price for SPPF sins of denial, mismanagement, bad ideas, as painful as it is.

Dr. Fitzgerald told us by December 2007, we will have an idea where we are going. He is right if you are new on the scene, as he is. But we Seychellois do not need a doctor to tell us SPPF has failed us. Just walk into a store, buy some food take it home and look to see what money is left in our pockets...very little. By December, Dr. Fitzgerald may be kind to join us for Christmas Dinner. We will have mackerel, rice, lentils if we are lucky. If he wants gammon, he will have to fax SMB an order before November 1st, but his request will not be guaranteed; so he may as well pack 2 gammons in his suitcase on the way down....don’t forget the fine Irish Whiskey Doctor, we will need it in the hospitals to cleanse Christmas wounds after all our money has been wiped out by SPPF lunacy.

The Governor of Central Bank Does Verbal Diarrhea on SBC

On Friday October 5th, 2007, the Rupee was readjusted. No, it floated that day, errr...it was re-aligned, ermm, devalued? Did you say devalued? No , no, no, of course not. It’s rope was cut loose. But it did not devalue. Do not say devalue! Devalue! Just said it.

On that day, the Rupee was declared a free falling currency to bring greater stability into our free falling and failing economy, by the Governor of the Central Bank. At times he seemed to be not able to lie anymore to the Public. It appeared to me that he almost gave up and was just about to say, “ to hell with it, I have no idea what I am saying nor do I have any idea what I am doing, can I apply for the Young Leaders Programme, so I can be Psyco-metrically Tested by someone from SENPA to determine if I even know myself, let alone know how to run the finances of a Country that should be prosperous and it’s People should be rich by now, since it is “The Most Beautiful Islands in The World”, and we did have a decent economy about 35 years ago when the Rupee could convert against a British Pound Sterling automatically”.

People of Seychelles, remember the Great Governor telling us this year before National Assembly Elections that we have only 10% US Dollars in our Basket of Currencies, so we will set the Dollar at 5.50 and it will not go higher than that? Add that to the list of lies these thieves of our future have told us. The Dollar is now Rupee 8.00 = Dollar1.00 . The Euro is nowhere in sight, not even a mention of it. Why? Because like the British Pound Sterling, it is too expensive to even mention. Next year, we will add the Zimbabwe Dollar to Mr. Governor’s “Crazy Basket of Currencies” (CBC) and we will compare the Seychelles Rupee to the Zimbabwe Dollar to measure our success under SPPF. They will throw out the US Dollar from the Basket of Currencies altogether. Watch this space!

If the Governor of The Central Bank is tied to his Basket of Currencies, it may be, as the Basket gets crazier...he gets even crazier.

May God have mercy on the young Seychellois that has the Governor of The Central Bank as a mentor in the Young Leaders Programme? A word of advice to the youth... ‘‘bring your own foam panelling to soften the walls in your office”. The Governor is likely to have his own wall foam.

Save Your Money/ Open A US Dollar Account In Seychelles

The Governor (silly as he is) tells us they have increased the savings rate by 1% and we should save our Rupees for tomorrow. Today the Rupees are worthless, why would we save them until tomorrow? Silly isn’t it! Seychellois, whatever Rupees you may have today, spend it before tomorrow. Buy anything that can retain value, like real estate for example. But get rid of your worthless rupees. They as good as the Zim dollar and toilet paper!

Example, last two months, I purchased Rupees100, 000.00 in concrete blocks. As the price went up by 25%, I made Rupees 25,000.00 on that investment alone, not considering the increase in the price of fuel and subsequent increase in trucking fees. Total benefit must be Rupees 45,000.00, on a Rupee 100,000.00 spending spree on concrete blocks. The quicker you spend Rupees, the better off you are. Why? Because tomorrow, with these crazy people around, a Rupee will just buy you a lot less, whatever you did buy, will cost a lot more. A 45% return on investment in two months is crazy too, but real! Do not be fooled any longer by SPPF and save your money.

Give Uncle Joe and Uncle Sonny the business...it’s Boom, Boom Boom and more Boom Time! But as we Boom...we are Doomed!!!

The Governor tells you to open a US Dollar Account. How do you know you will get your money back? You are not sure. Would you risk opening up a foreign currency account in a country that is the most indebted in the world, second only to war torn Lebanon? Of course not. When you go and take your money, they will tell you to fill in ten (10) forms, they will ask you who is your mother, what are you doing with the money, where are you going? They will require ten (10) different stamps on your application to release your money. They will even convert it back into Rupees then reconvert it back into US Dollars and charge you for a currency conversion transaction in order that you may get the money that belongs to you. These crazy, crazy guys!

Fathers, just make sure they do not get their hands on one of your daughters or your foreign exchange.

I say this to the Governor, you close your Central Bank Account in New York, I will open a Dollar account in Seychelles. Silly!

Secondly, be forewarned, they want you to open a foreign exchange account so they can also pay their credit cards on time. Right Danny! Then Ministers and their families, can enjoy Beachcomber Resort on St. Anne Island over the weekends, over and over again and again,” A La Touris Seychellois “ and settle the Hotel Bill in Euros with a Euro Credit Card, paid for by the People of Seychelles. How fun it can be to run a Country to the ground!

People of Seychelles open your eyes, We Pay For SPPF Sins!

As SPPF Rupee Rolls Back- The Black Market Rolls on

As the SPPF through Mr. Governor of the Central Bank rolls back the value of the Rupee, the Black Market rolls on. Last year a Euro on the Black Market I have been told was R.12. 00 = Euro 1. 00. This year the official bank rate has reached R. 12. 00 = Euro 1. 00. But the Black Market this year is, so far I have heard, R. 16. 00 = Euro 1. 00. This means Mr. Governor, that in trying to create a system of equilibrium in the Seychelles monetary affairs, we are in fact chasing after a fast moving turtle. The Black Market rates continue to creep up because there is not enough foreign exchange entering the country or the banking system to clear the rupees waiting to buy them. This is not because we are not productive. We are.

The business community just does not trust the SPPF. They have good reason not to trust them. Why? Because they are not to be trusted! It is as simple as that. Would you trust a thief in your house? Of course not. So, as the Rupee rolls back, the Black Market rolls on, and all Mr. Governor and Mr.Jack Joker (JJ) Lyer can do is watch it all roll over their heads. Why? Because, it is the Black Market that keeps all failing economies going. Why Mr. Governor ask? Because Mr. Silly who knows, not much, except how to scam for a living, it is based on the most basic principle of sound time tested economics called: Supply and Demand. Ever heard of it? If not, ask the Doctor clutching the fine aged Irish Whiskey bottle, he can tell you...his Country makes a grand living off Supply and Demand, by keeping customers like the SPPF leadership drunk on Irish Whiskey at all material times of a crisis. Drink well this Christmas my dear Comrades, drink well, may your cup runeth over with fine aged spirits from Dublin!

May God Bless All Freedom Loving Seychellois!