Antigua is Bankrupt

For many decades, Antigua has been ethically and morally bankrupt. This next phase follows naturally, so it is no surprise to international observers that the Ministers of Antigua and Barbuda admit that their country is also financially bankrupt.

Of course, these statements are not made outright. As with any financial alchemist, facts are spun and disguised to mask the truth. But there is no mistake in the symptoms of bankruptcy that appear clearly at every turn and in every corner.

The first warning sounded during the last decade, with the expropriation of the Half Moon Bay Resort. Although the property was internationally recognised, and its expropriation vigorously opposed by the property's legitimate American owners, this breach of international treaties went virtually unnoticed.