The Governor of the Central Bank, Mr. Pierre Laporte, who just returned from an IMF world conference for governors, to streamline central bankers on the world economic financial downturn again, has said on SBC that he does not know where a rumor of devaluation comes from.
Central Bankers 007
Alarmingly this line is a movie script line of
central bankers perfected by ex Governor Francis Chang Leng. Even when Seychelles Seychelles went Bankrupt in October 2008, Mr. Chang Leng was on SBC like Mr. Laporte is today, telling the People of Seychelles devaluation will never happen, it is just a rumor. It seems that we are about to get a rerun of the same film we watched and suffered through not too long ago.
Back To Banking on The Aut De Gamme
Under his lips, Mr. Laporte muffled in his shirt to tell us in
Europe there is a economic downturn. He did not mention the riots or the national bankruptcy gripping four key states that can affect the entire European union. But in we have aut de gamme tourist we can maintain our economy on according to Mr. Laporte. Really? Where exactly are these aut de gamme tourist Mr. Laporte? Can you count them and give us a report on these rare species to our shores these days? Seychelles
Aut De Gamme Tourist- But Job Loss Likely
Muffling along in the interview, as if he did not want us to hear him one day after the 16,500 spoilt votes spoil the communist master plan to rule us as if we are chickens on a farm, Mr. laporte seemed to be saying first, IMF will be extending its program in Seychelles and secondly, with the downturn people will lose their jobs, and the cost of living will go up. But he said the Central Bank will battle inflation and not devalue unless it take foreign exchange out of the reserve for one purpose or another. Really?
What Mr. Laporte Did Not Muffle
Mr. Laporte did not muffle about the reduction in revenue for the year 2011 nor did he tell us that our debt repayment starts in 2012, which is one reason why IMF is sending us technical assistance, to squeeze every ounce of foreign exchange it can from our reserves next year, to meet repayment deadlines. When that happens, Mr. Laporte will have to devalue, because he will have to tap into reserves to pay our debts.
Mr. Laporte, perhaps you are new to this game. Take some advise from Mr. Chang Leng on how it is played. Rule number one, do not talk to us like we are on BAKKA just because you work for communists. We will show you are on LAPIRE.
We are watching you carefully.
Time to reduce the credit card bills on restaurants for meals in the name of the People of Seychelles. Pay your own meals or eat at home. The extra weight you gain belongs to you. The fun is over. See you soon.