The Seychelles Column - By Christopher Gill

THE COMMUNISTS ARE FIXING AND COOKING THE BOOKS IN SEYCHELLES

A common thread with communist regimes is that they have to fake success all the time, everyday, 365 days a year, year after year, to stay in power. To fake success, they have to fix and "cook" the books.

  

This idea, of book fixing has stuck with communists from the early days of Karl Marx.

 

Karl Marx

In Seychelles, the communists in paradise are not an exception they are experts in implementing the rule. Never under estimate a thug that lives under a coconut tree.

IMF Pops in Unannounced 

Last week, the IMF popped into Victoria unannounced, and called for an extra ordinary meeting with the Ministry of Finance and the Central Bank of Seychelles. The staffers all lined up, and made their way to the leather seats of the Ministry of Finance conference table to face the IMF Chief of Division African Department and lead for Seychelles program, Mr. Jean Le Dem.  Mr. Le Dem is neither a politician nor a business man. Accompanying Mr. Le Dem was Mr. Nikoloz Gigineishvili, an economist who regularly has been visiting Seychelles.  Miss Nkunde Mwase, economist from the Review Department of the IMF was not present.

 

Minister of Finance Danny Faure - in the hot seat and very confused

Mr. Le Dem is tasked with seeing through the communist government of Seychelles second generation reforms in taxes, and streamlining and cutting government largess and abuse of government funds, when mis- appropriated. It is no surprise he turned up after: 1. an election, 2. the approval of a supplementary budget approaching Sr. 300 Million for 2011, part of which bails out Air Seychelles again…..for now.

Where Did PL Get The Money

The big question of course, that no one asked is where did PL get the money for the Supplementary Budget to spend nearly Sr. 300 Million beyond a budget which was already high because it was an election budget. They did not earn it, since Fishing is down, and Tourism, though numbers are up according to STB and Alain St. Ange, the bottom line is severely down, Two (2) years in a row. It seems St. Ange, is recruiting any street walker, from any city, to be a Tourist in Seychelles, based on the receivables. But unfortunately, the situation is more complicated then that, I will address it in future article, after the World Bank visits Seychelles in the first week of July 2011 in cooperation with the IMF and the International Finance Corporation (IFC) which was here last year when Aida Der Hovanessian, country manager for Seychelles and the region paid us a short visit.

FDI Plummets

Foreign Direct Investment (FDI ) in Seychelles these days has plummeted. After PL chased everyone away by seizing a number of bank accounts and transfers, and the water crisis has surfaced, and it is obvious that we do not have capacity for future growth and investment, FDI went from $2 Billion under James Michel, to now likely under $90 Million, this year. Only Sheikh Khalifa of UAE is still putting money in Seychelles, and the PL are handing the ribbon cutting to the UAE in Seychelles, an unprecedented overt action that demonstrates the progressive and systematic selling of our patrimony.

James Michel's Savior & God - Sheikh Khalifa of UAE

James Michel formula for economic growth is very dangerous and likely very lethal to the overall health of the Seychelles economy. 

Khalifa's Castle at La Misere Seychelles - aka "Villa Delo Kaka"

His policy of “Sesel Pou Arab” will have a negative impact on the economy unless it is a total sell out. At which point, Seychellois will be regulated to 3rd class citizens in their own country. We are well on our way.

Khalifa's plane at Seychelles Airport - No taxes, no duty, no customs. Sesel pou Arab courtesy James Michel

Why Print Money Now After Elections

When communists regimes cannot make business work on a national level, and money is short to get through the humps of fiscal shortfalls, they print money. To do so, they will tell you every reason why the old bills of are suddenly no longer good and a need for new bills is necessary, even if they just printed a new batch the previous year.

Here it appears, they have done this to take the old illegal print bills (undeclared print) out of circulation before the IMF shows up in August. Unfortunately for Pierre Laporte and the PL, the IMF showed up last week.

Suddenly all the advertisement of printing new bills, to replace the old ones printed last year, not Ten (10) years ago, stopped on SBC. I wonder why?

 

Governor Pierre Laporte

If this is so, it is the equivalent of a Central Banker being caught running in town naked for the IMF.  Mr. Laporte will have to explain himself, failing a reasonable explanation, he should be called upon by the free journalists in Seychelles to resign unconditionally, for venturing into political servitude as a central banker, which is illegal in Seychelles under the Central Bank Act.

Did someone say this guy came from the IMF or a polka music band?

Direct Impact  on Every Seychellois Even The Communists

The direct impact of printing more money is “Inflation”, which IMF has adjusted to nearly 6% now, perhaps higher by years end. This means cost of living will go up in Seychelles fast, faster, perhaps fastest.

Too much Rupees in circulation will mean devaluation gradually of the Seychelles Rupee to hard currencies like the US Dollar and Euro.  This will compound Inflation and Cost of Living.

Steady taxes on fuel of over 450% will keep the Seychelles economy crawling for years as the overall cost of living remains high, and the destination remains costly and not affordable  under JJ Spirit, sham President-elect Michel.

Uncertainty in external factors, which I shall treat in future articles, will reveal that I was wrong about a Ten (10) year downturn for Seychelles which I proclaimed in 2007. I will adjust my sails now to assert a Fifteen (15) year downturn for us under the current communist regime, if there is no change, because with communists, you can always be sure of one thing: they will always make the wrong move when it comes to the economy.

Communists know how to spend money, and beg for money well, but they do not know how to earn money and instill the will to earn money and excel in their people. They are great at regulating people to welfare wards, then attack them for being on welfare in the same breath. They are famous for giving holidays for a political event, and ignore the economic realities of the cost of such fanfare. Even when they are bankrupt, they will give a holiday for going bankrupt. In line with this logic I expect, October 31^st, will be set aside as National Bankruptcy Day for Seychelles, since this is the day in 2008 that James Michel declared we were BANKRUPT after he told us the previous year, we had cleared all our debts and we were debt free.

   

With this in mind, we must be prepared for the second phase of the paradise financial collapse post Lehman Brothers Bond default, the next round of downturns for us will be long, deep and drawn out for many years.

I wish I was wrong.

Fixing Numbers Does Not Fix Reality PL

After the PL is finished with this little charade yet to be exposed, we will be back to the same mess we were in before the PL rigged the presidential elections and handed Michel a faux mandate.

 

The future under James Michel & Parti Lepep - Each man to his own shovel to start digging for water, except for Ministers and Arab Sheikhs.

Fixing numbers, does not fix our reality…..we are still digging for water, and the amount of cancer cases is surging at our hospitals today. Why do they hide those numbers?

Seselwa Unite!

Sesel Pou Seselwa!

May God Bless All Freedom Loving Seychellois!

Christopher Gill

__________________________________________________________________________________

STOP PRESS - SEYCHELLES COMMUNISTS WANT RENAISSANCE IN MORALITY

The Communist party of Seychelles, Parti Lepep (PL), have called for a “Renaissance in Morality in our country”. The call came by a National Day speech by sham elect-President James Michel, and subsequently a national committee headed by designated Minister Vincent Meriton was appointed with Fifteen (15) members, from a cross section of the society. There are more people on this committee than players on a football pitch.

Vincent Meriton

Appointment of Chief Justice

I was perplexed to note the appointment of the Chief Justice of the Supreme Court of Seychelles, His Excellency Justice Fredric Egonde Ntende, to this Committee.

Chief Justice of Seychelles - Frederic Egonde Ntende - being lured by James Michel

The Chief Justice who heads the Judiciary Branch of Government, has not politely declined the invitation and advised the Executive Branch that appointing a Chief Justice in a subordinate manner to an Executive Branch steering committee headed by a Designated Minister, is a gross violation of the principle of Separation of Powers.  

Michel taking oath as Chief Justice looks on

Powers under the constitution that sets parameters on how the Executive Branch is to run a country, and set a course for the division of national responsibilities within the parameters of the principle.

Under the doctrine of Separation of Powers, the Judiciary branch and the Executive branch are separate and distinct branches of government. They must function in total independence of one another.

When you blur this Mr. Michel, by bringing on the Chief Justice to do Executive branch work, you kill a democracy and create an autocracy, similar to what we see in the United Arab Emirates (UAE) and other Arab and communist countries.

What we have stewing now is some sort of pig food mess in a pot that Michel wants to pass off as a Democracy and we must all remain silent or face his Communist wrath. Judges will be part of an Executive committee. Soon Ministers, will think they can be judges, and MNA’s will think they can be ministers or even judges.

Appointment of Legislative Branch MNA’s

In what appears to be a total act of desperation, the PL has even gone so far as to appoint MNA’s from the Legislative branch of government to head a steering committee of the Executive branch. This is complete nonsense, and I am perplexed by SNP MNA Mr. Bernard Georges, not overtly declining the invitation politely in writing. A legislator cannot be a member of an Executive branch steering committee.

If it is permissible, then pigs can fly as well. St. Ange will tell us, “Sesel Sa” and wear his baseball cap about carnivals. That type of perverted thinking must be stopped by decent people in our community. If not, we will never know where to draw the lines in society, with that, our morality as a nation will remain in the dust bins that Michel has admitted openly where it is.

What Should Have Been Done

I fully understand what Mr. Michel is trying to do to address a serious issue. But he simply cannot do it as he has. What he should have done is blessed an organization such as LUNGOS with ministerial support and backing to bring everyone together and chart a path forward on national morality issues. LUNGOS could then make recommendations to the Consul of Ministers, then they could issue directives by adopting resolutions on morality that the Executive branch would then adopt and implement.  

Our System Is being Corrupted

The guiding principle of Separation of Powers in the governance of our country is being blatantly corrupted by James Michel. Everyone seems to be playing along out of self interest and remain silent similar to what a mistress would do on the sidelines while she tries to milk every ounce of finance and material benefit from a lover, with complete disregard for the well being of the lover’s family at home.

Perhaps that is why we have a morality issue on a national scale in Seychelles: “too many people stay silent and just play along…….as if nothing is ever wrong”. When we do that, we each become a mistress to lack of morality in our country.

A Call For One Inter Faith Representative

Good luck on finding an interfaith representative for your committee….that violates the scared democratic principle of Separation of Church and State.

Let us see if the Churches will play along with this charade.

The Country is bankrupt, it will get more bankrupt in the coming years, don’t you communists think it is time to start taking national decay a bit more serious?

Seselwa Unite!

Sesel Pou Seselwa!

May God Bless All Freedom Loving Seychellois!