REMEMBER JUNE 13TH, THE DEFAULT DAY FOR UBS LOAN.
Dear Honourable Members of Parliament.
Papua New Guinea is not broke but only one person is holding this country to ransom, and the consequences will adversely affect your political careers. if you allow Peter O'Neil to be in power after 13th June, 2016, the default date of the UBS loan, UBS will likely declare PNG insolvent. Meaning PNG government can print K3 billion but we do not have the foreign currency to convert this printed money. World Bank is already in the country, they are funding roads and infrastructures now, after we've been declared insolvent under Peter O'Neil. World Bank IMF will give us money for Budget Support with the following austerity measures: 1. No DSIP/PSIP 2. NO Free Education and Health Care 3. Budget cut by 60% 4. Customary Land Mobilisation Program The stoppage in DSIP/PSIP funds will affect most the programs you honourable MPs have created and you will end up loosing your seats. Many other consequences you might face. Tuesday is the last chance for you to change course for the better of PNG and your electorates. What will happen with a new government? Will you have money to continue your projects? Yes. As soon as Peter O'Neil is replaced: 1. Parliament will vote to nullify the UBS Loan, transfer the liability to OSL and Peter O'Neil, Extricate the Independent State of PNG at NSW Supreme COurt, via an application by the new Government via the New Attorney General. Free up the Escrow Account in Singapore PNG LNG Funds hits the Waigani Public Accounts, thats about USD300 million, 2. Hand PNGSDP OK Tedi Goldmine, Sir Mekere should give USD2 billion in budget support. thats about K7 billion 3. Australia under Peter O'Neil has withdrawn Ausaid AUD800 million, they will bring it back under the new government. The is about K3.4 billion, 4. New Zealand will help us with substantial funds in Budget support. 5. the Total AC, Wafi Golpu Mining investment decisions are going to be made this year, a total USD 15 billion coming into this country. Honourable Members, we are not broke we a letting one person to hold this country at ransom jeopardising our political careers. If do not see how we are seeing things, goodbye to your political careers. God Bless Papua New Guinea.