{"id":182611,"date":"2023-08-17T08:29:10","date_gmt":"2023-08-17T12:29:10","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=182611"},"modified":"2023-08-17T08:29:10","modified_gmt":"2023-08-17T12:29:10","slug":"observation-antigua-facing-bankruptcy","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/observation-antigua-facing-bankruptcy\/","title":{"rendered":"OBSERVATION: Antigua Facing Bankruptcy"},"content":{"rendered":"
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Antigua Facing Bankruptcy<\/strong><\/p>

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Businesses in Antigua are facing bankruptcy after the long pandemic wait to resuscitate their business, minus any help from from the Government in the form of \u2018stimulus\u2019 or off-setting of Government payments re utilities and fees.<\/p>\n

What is worse is that the Government is also facing bankruptcy after an election in January, which seems to have depleted the entire treasury, thereby causing the dominoes in the economy to fall, and keep falling still almost two years after the pandemic.<\/p>

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The poor-proud attitude of the Antiguan business person and the general public has held the mask of contentment in place, while struggling to maintain staff, and pay salaries and bills to keep their businesses alive.<\/p>

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But people are struggling and many are desperate, especially the young men, unemployed and angry at their circumstances, who have resorted to violence, robberies and occasional rape. ]<\/p>\n

Teenagers are loose and dangerous, fighting in the streets after school, and creating havoc on the street corners, and hungry, and a hungry man is an angry man!<\/p>

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Running business in a bankrupt economy, with an unsympathetic government is like pushing the proverbial stone up the hill, slipping down to the bottom, and starting up again.<\/p>\n

The life in the depressed areas of Graysfarm and Point is getting quite brutal, and the violence and gunplay is clearly out of hand especially among the youth, with unbecoming behavior towards their elders whom they are robbing, and now the police are just killing them.<\/p>

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Bankruptcy is the cause of the most of the troubles in our society, with the Government failing to pay their share of the debt, which creates a trickledown effect on all of the island\u2019s workers in businesses which cannot collect from Government.<\/p>

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Meanwhile Government in its quest to find money, selling off our lands to non-Antiguans seeking to get what they can, while paying as little money as possible into the consolidated fund.<\/p>\n

In the early days of this Government\u2019s term in office, in an attempt to control disgruntled members of the public, the leadership addressed them, threatening to bankrupt their businesses which failed to give him support.<\/p>\n

Clearly the threat has become real as small businesses have silently closed down and slinked off to convert property to cash, to pay off their banks and the government which failed to help in their dilemma.<\/p>\n

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Government recognition of all persons foreign, and their businesses, is still flourishing, whereas the local small business is either dead or dying, sending their few employees on the breadline, where even bread gone up in price. When times are hard, a hard-hearted government is worse than slavery times, because hunger is a very present woe especially for the children, and our youth.<\/p>\n

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Antigua Facing Bankruptcy Businesses in Antigua are facing bankruptcy after the long pandemic wait to resuscitate their business, minus any help from from the Government in the form of \u2018stimulus\u2019 or off-setting of Government payments re utilities and fees. What is worse is that the Government is also facing bankruptcy after an election in January, […]<\/p>\n","protected":false},"author":3,"featured_media":111929,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-182611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nOBSERVATION: Antigua Facing Bankruptcy - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/observation-antigua-facing-bankruptcy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OBSERVATION: Antigua Facing Bankruptcy\" \/>\n<meta property=\"og:description\" content=\"Antigua Facing Bankruptcy Businesses in Antigua are facing bankruptcy after the long pandemic wait to resuscitate their business, minus any help from from the Government in the form of \u2018stimulus\u2019 or off-setting of Government payments re utilities and fees. 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