I know that China is feeling the pinch from the tariff imposed by the US and their economy is in jeopardy according to the latest reports. What are the chances that all these Chinese debts that have been outsourced to other countries including us will be called in to fill that void?
I understand the concept of a developing country loaning money for developments and so forth, but the magnitude that this government in loaning money to oblivion is way over the norm for any developed country to comprehend.
And the reason why in my humble opinion the International Bankers have confidence with Samoa in loaning us these huge amount of monies is based on the passage of the L.T.R.A .of 2008.
These Financial Institutions are in the business of making money and consequently by registering of all our Customary land under the Torrens System is literally giving up ownership of our land to the govt. and it will make it easier for the govt. to use it as collateralized assets to finance these loans which means perpetual taxation of our properties; houses and land on a yearly basis will be in the pipeline in the very near future.
So we pose the question: are we better of today after 30 years with this govt, than before?
It’s for you to judge but if you ask an ordinary Samoan with a family to feed and bills to pay I’m sure they will say no based on their basic standard of living without water and electricity.
Leituala Roger B.