HCU Review Editorial

There are very well orchestrated ploys to cause disruption in member confidence, thereby pulling the members’ deposits from the HCU. The HCU has survived all such attacks against its integrity and credibility. The economy and citizenry of Trinidad and Tobago are the ones who would feel the major pinch due to capital flight and brain drain.

There seems to be no attempt to stem this impasse. As a matter of fact the government is intent on running Indian business out of the country. The ploy seems to be between the government funded criminal fraternity, and the ‘big sharks’ conglomerate to scare Indians out of the Island so that the parasitic oligarchy can manipulate the new slavery – consumerism, with the ‘plantation off-spring’.

This tactic has been successful in the smaller Caribbean islands and is the cause for Guyana’s economic collapse. This capital flight and fight for capital will see the demise of the Trinidad economy and its citizen eating grass, if the vision of the president of the HCU is not duly considered and appropriate measures taken. The present pumping of US money into the economy by the Central Bank of Trinidad & Tobago only highlights the precocious warning given by the president of the HCU. He had stated categorically that if the system of governance and economic policy is not changed to include the plea of the small man, then there would be capital flight and brain drain. The evidence is only too startling and blatant not to be noticed.

The spin off effect would naturally be a cutthroat grab for investor deposits to maintain the level of businesses. The aggressive and ‘bad talk the competition’ approach adopted by the conglomerates is the symptomatic outcome. The fight for capital has assumed a no holds barred strategy. Even the government that boasts of oil and gas wealth has devised regulations to cripple the growth of small businesses through taxation and various duties. This same government has no policy to regulate the mushrooming of foreign business in the local market. The ‘boboolee’ victim of such capital fight is the HCU. All financial institutions want to get their hands into the coffers of this economic bastion.