A new crisis is emerging, a global food catastrophe that will reach further and be more crippling than anything the world has ever seen. The credit crunch and the reverberations of soaring oil prices around the world will pale in comparison to what is about to transpire, Donald Coxe, global portfolio strategist at BMO Financial Group said at the Empire Club's 14th annual investment outlook in Toronto on Thursday.  "It's not a matter of if, but when," he warned investors. "It's going to hit this year hard."

A bleak economic situation in Grenada and even bleaker outlook for the future have many worried citizens wondering whether there is a way out of this.

Every bit of mental and intellectual resource at our collective disposal is obviously necessary if we are to have a chance of arresting this downward economic slide.

Six years ago on the prerequisites of good governance he had written; “we are in serious trouble; nothing meaningful can happen with government, because without money nothing happens anywhere.”

Aside from Ivan and Emily there was chronic mismanagement: the agro-economy was in ruins, the banana revenue earner is long dead, cocoa is dying and waiting to be carried out-products that in 1974 were major earners.