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O'NEILL'S SECRET LOAN FROM IMF/WORLD BANK SEEN AS LAST RESORT TO PROP FAILING ECONOMY

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by MICHAEL JOSEPH PASSINGAN The foreign banking system is bringing more bad news for Papua New Guineans suffering under the corruption, waste and reckless financial and economic management of the O’Neill Regime. The International Monetary Fund, an arm of the World Bank, is lending almost K1 billion so commercial banks – BSP plus the two main foreign-owned banks ANZ and Westpac – can prop up the bankrupt government of Peter O’Neill. The fact that the IMF is a lender of last resort to failed economies illustrates exactly how bad the nation’s economic and financial problems are. The fact that the O’Neill Regime and the Bank of Papua New Guinea are keeping this loan secret adds to the fears that is a very bad deal for Papua New Guinea. The K1 billion, to be managed by the central bank, will allow the commercial banks to continue to buy government investments such as Treasury Bills, Inscribed Stock and Central Bank Bills, and possibly lend more money to State-Owned Enterprises.

O'NEILL CONTINUES TO LIE ABOUT THE ECONOMY

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by BRYAN KRAMER Prime Minister Peter O'Neill continues to issue misleading statements about the real state of the economy including the Government's true debt levels. On 3rd March 2016 O'Neill delivered a speech before Australian National Press Club in Canberra where he highlighted serious decline in world prices for our oil and gas and our minerals over the last 12 to 18 months has had a serious impact on our economy. "I do not want to sugar coat the pressures that we are facing with our people. We have an open dialogue on what we are doing to confront these challenges" he said. He went on to explain just a couple of years ago - "royalties and taxes from the resource sector totalled close to two billion Kina. Last year it amounted to just 260 million Kina - barely one eighth of the previous year’s revenues, and we expect the same in 2016" he said. He said as a result his Government was forced to revise his budget estimates downwards and liv

PETER O'NEILL LIES AGAIN ABOUT NATIONAL HEALTH FUNDING

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Public commentary by desperate health officials last week are aimed at telling the people of PNG that Prime Minister Peter O’Neill is killing the national health system. The Department of Health is no longer able to help sick people in need of medical assistance, treatment from doctors and medicines. Only the worst cases can get help from the main hospitals but even Angau , Port Moresby General and other major centres are struggling to do their job. The cause, say the health officials, is lack of money. (SEE THEIR COMMENTS HERE IN THE NATIONAL http://www.thenational.com.pg/ (click on the Nation field and scroll to Wednesday May 9 items) The Prime Minister has stolen so much money for himself and his con men and wasted so much money on borrowing from foreigners that there is nothing left for the health and welfare of the people. He would rather build useless things in Port Moresby than save his own people’s lives. THIS IS WHAT HEALTH OFFICIALS SAY: ·    

O'Neill's greed is killing Papua New Guineans,

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by MARK PEWA   The death of one of our mine workers in the Ok Tedi pit yesterday must be blamed on Peter O’Neill’s greed for cash to save his bankrupt Government. His teaboy Peter Graham pushed back into production quick-time without thinking of the danger to workers. The deaths were in the pit area where the massive landslide was late last year which shut the mine down. This is the A Grade ore they wanted to get out at any cost. That area is very well known to be unstable and highly dangerous. So why no comprehensive geotechnical studies before mining restart? Why no special precautions to protect workers? Why dangers of three days of heavy rain ignored. Graham and his team sent workers down there to death to start making money for his masta as quick as he can. All predications of disaster are come true as a State-owned mine like Tolukuma. Now INDEPENDENT INQUIRY MUST BE HELD TO HONOR MEMORY OF WORKER. MINES DEPARTMENT MUST HOLD INQUIRY. M

The King and Prince of Lies Continue to mislead Papua New Guineans on the state of Economy.

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by MICHAEL JOSEPH PASSINGAN Peter O’Neill remains the King of Lies. The Prince of Lies is his teaboy Isaac Lupari. Data released this month by the Bank of Papua New Guinea shows their statements about the price PNG receives for its LNG are completely untrue. Compare these statements with the truth as revealed by the central bank in the accompanying graph: "The drop in the oil price will not affect LNG revenues as we have forward contracts in place that are set at fixed pricing formula" - Peter O’Neill, January, 2015.” “[Polye claims] that Papua New Guinea will receive substantially less income from LNG sales and this is simply not true. PNG LNG exports and prices are predominantly locked into long-term forward sales contracts. In simple terms this means that PNG will receive the same price for LNG.” Isaac Lupari, December 2014. O’Neill and Lupari have told so many lies they no longer know what truth is. Their constant lying brings the Office of the Prime Mini

IS AUSTRALIA BENDING BACKWARDS TO ACCOMMODATE PNG’S MOST CORRUPT GOVERNMENT?

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PM TURNBULL by PETER WARINE Australia’s nearest neighour and only colony, Papua New Guinea, is on the brink of economic collapse due to grand corruption and mismanagement of the O’Neill Government. The Public coffers have run dry early last year (2015) and PNG has there seems not much left to keep its head above the water.  PNGs economic outlook is bleak. International Rating Agencies have all downgraded PNG to negative gradings. The O’Neill Government conducted roadshows around the world to secure some more loans to ease the cash flow and foreign reserve shortages but to no avail. Even treasury bonds were used to attract investors but were seen as mere toilet papers.  The economic crises has escalated and literally, there is no money to pay the public servants salary –something that O’Neill wants covered all the time as a measure of control public dissent. Whilst trouble is brewing on the island of paradise, life is as usual downunder. Australia has never raised any form o

PETER O'NEILL'S REAL DEBT

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by MICHAEL JOSEPH PASSINGAN No believes what comes out of Prime Minister Peter O’Neill’s mouth any more. New research has discovered that everything he said on the National Public Debt crisis of Papua New Guinea are all lies. It can be easily demonstrated that the national debt is much higher than the false numbers given by PM O’Neill. That brings bad news for the struggling people of Papua New Guinea, like Public Servants who are not being paid because the nation is bankrupt. Spending on essential services such as health, education, law and order, and transport will have to be cut even more. Mr O’Neill and his conmen are still getting fat on all the money they have stolen and sent to Australia, but the quality of life for the all other citizens is falling faster and faster. HERE IS WHAT IS REALLY HAPPENING For 2015 the annual repayment of official debt of K17.8 billion was K1.5 billion, it says in the O’Neill regime’s own Budget papers. Grade 10 arithmetic tel

O'NEILL'S COMFORT OF LIES

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by STEVEN ANDRE Many have described our Prime Minister, right honourable Peter O’Neill as “O’Liar”, “Pathological liar”, “serial Liar”, etc and I refused to be one. But it has come to a time when I have to sit down and analyze whether those words hold true. The following is what I managed to dig up from the internet. On 9 th August 2013 at 5:36pm , Peter O’Neill has the following conversation with Jonny Blades of Radio New Zealand: “JOHNNY BLADES: Some of the people in your own cabinet might be looked at. You're happy with that? Anyone can be investigated? PETER O'NEILL: I've told cabinet from day one and members of parliament from day one, no-one is above the law, including the prime minister. No-one is above the law. Where they're answerable for their actions they must be held accountable. And they all know the rules that are there. We all know the laws that are there, and I think it's important that the right message is given to our leaders and our

PARAKA IS PROTECTED SPECIES ASK LUPARI WHO GOT K3.7 MILLION THOUGH PARAKA LAWYERS.

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by JACOB YAMBU AS LONG AS ISAAC LUPARI IS CHIEF SECRETARY, PAUL PARAKA WILL BE PAID, THEY GO WAY BACK, JAMES MARAPE CAN BE A LOUD MOUTH AS LONG AS HE WANTS, BUT BY GETTING ISAAC LUPARI IN AS CHIEF SECRETARY PARAKA HAS ALREADY ACHIEVED WHAT HE SET TO ATTAIN, MARAPE IS JUST A POLITICAL FIGURE HEAD, HE CANT BE EVERYWHERE ALL THE TIME, BY HOOK OR CROOK, WHEN YOU HAVE A CROOK SITTING IN AS CHIEF SECRETARY HE WILL HAVE HIS WAY. Prime Minister Peter O’Neill likes to talk tough about cracking down on corruption but his own Chief Secretary was recommended for prosecution in the Finance Department Commission of Inquiry report for fraudulently claiming K3.7 million as part of the Paraka Scams which have cost PNG hundreds of million… Former Ambassador to the European Union, Departmental Head and now Chief Secretary, Isaac Lupari stole K3.7 million from the people of PNG through false claims for breach of contract according to the findings of the Commission of Inquiry into the Fina