“Impossible!” you say,
“It’s no way such can be done,”
But I say that we definitely have to,
Given how things are being run.
That is, if it's really true,
For I believe it cannot be
But if on the other hand it is true
Sooner or later we shall see.
Here of late, I coin the phrase,
I am “too dumb to be impressed!”
And this means I don’t understand
And won’t even bother to guess.
What is 400% interest
Especially on foreign loans?
Was it that ridiculous in the first place
Or over time has grown?
Clearly it is not simple interest;
But both compound and complex,
And if someone had done this to me
I would be violently vexed.
I thought I had heard recently
About loans at 1% interest
But 400% interest is a quantum leap
Hence, my present stress.
If it is growing at a frenetic pace
We need to quickly pay it off
If not, I tell you Madam Prime Minister,
We are in for a gigantic loss.
I note it is presently a concern
To you and your financial team
But please tell me how we got here
Coming off the COVID scene?
Were the loan terms, Madam PM,
Not clearly enumerated
Or did it appear to be such easy money
That common sense evaporated?
Bear with me, if you will,
As I try to make sense of nonsense,
I do not mean to be disingenuous-
Madam PM, I mean no offense.
I know the hold you have
On supporters local and foreign
And the lack of dissent among your team
Says to me there is a problem.
For one of them should have seen
This oncoming hurricane
And warn the rest of your Cabinet
The light is an oncoming train.
Is there a plan, I ask, Madam PM,
To settle this quadruple loan?
For this astronomical 400% interest growth
Is clearly out of our zone.
And, what is your expectation Madam PM,
If this matter is not addressed soon?
Will Barbados still belong to us
Or to some international tycoon?
Daily I am hearing rumours
Of countries being swallowed up
And I am sincerely hoping, Madam PM,
That such is not our cup.
Be it China or India or Africa
Or even Trinidad in the Caribbean,
Friends of all and satellites of none
It’s back to the Barrow scene.
Uh can’t make sense, I must conclude,
Of the enormity of this interest nonsense,
400% interest on foreign loans is staggering!
Madam PM, I mean no offense.
Stewart Russell © May 2, 2023
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