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Showing posts with the label US Dollar

THE VERY SAD STORY OF WHY THE KINA IS COLLAPSING

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by NRI INSIDER
There was always something a little strange about the collapsing kin. First we were told by Peter O'Neill and his corrupt cronies Marape and Pruaitch that the kina wasn't going down or that the slide was only temporary. But as we saw days of kina sliding turned into weeks and weeks turned into months, that lie no longer worked.

Today we have a clear graphical record of a slide in the kina that began nearly from the moment that Peter O'Neill was re-elected and took office again and has continued up to now. The Masters of Deception now admit this is the case but say that they've got everything under control. Most certainly not. If you look at the rate at which the kina has been declining against the US dollar in recent weeks you can see that the slide started becoming steeper than it was before. The Masters of Deception can lie all they want but the bare facts don't lie.

An outright collapse of the kina to God knows what low levels is being prevented r…

HOW MANY WARNINGS CAME OUT THROUGH PNGBLOGS TO TRY AND AVOID THIS CATASTROPHE?

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by JACK G WAUGLE

Peter O'Neill and his out of control government have been running what has been a functional dictatorship.  There is no opposition and nearly all the MPs we elected proved to be docile puppets who spoke not a word of protest or concern, so focused were they on getting their DSIP and other development monies from the PM which in turn, was what they reckoned was their key to getting re-elected.  Hardly ever did nationalism come first or concern for PNG.  There were warnings after warnings about the out of control, loan fuelled infrastructure building for the Pacific games especially, a gigantic waste of money that all has to be paid back with interest.  Made all the more wasteful because of the built in kickbacks to Tom, Dick, Harry, and oftentimes the Chinese themselves. 
So many people on the social media just didn't get it.  Maybe the warnings of pending doom all looked like a dreamland, but again and again the evidence was presented:  a blow-o…