Two Executive Orders from Trump that proves his laissez-faire free-market not caring for federal regulation of big-business!

trump-quote-2016

President Donald J. Trump has decided to the man and leader who love giant corporations and their needs first. Therefore, this February Trump Administration has yet again opened the doors for Business and big corporations to get free space to do their work without interference of the state or federal regulations. Trump wants business to be so free and without taxes, so the wealthy can be stinky rich without considering how they make their fortunes. Therefore, he has already loosen up with Fiduciary Duty Rule, where the investors get good advice or advice that might be better for the consumer, not the ones the wall-street trader or banker earns the biggest profit on and the consumer losing all their savings in. The second is that Trump will continue to cut strings and regulations. Take a look!

“The Department of Labor’s (Department) final rule entitled, Definition of the Term “Fiduciary”; Conflict of Interest Rule — Retirement Investment Advice, 81Fed. Reg. 20946 (April 8, 2016) (Fiduciary Duty Rule or Rule), may significantly alter the manner in which Americans can receive financial advice, and may not be consistent with the policies of my Administration” (E.O. 03.02.2017).

“You are directed to examine the Fiduciary Duty Rule to determine whether it may adversely affect the ability of Americans to gain access to retirement information and financial advice. As part of this examination, you shall prepare an updated economic and legal analysis concerning the likely impact of the Fiduciary Duty Rule, which shall consider, among other things, the following:

  • Whether the anticipated applicability of the Fiduciary Duty Rule has harmed or is likely to harm investors due to a reduction of Americans’ access to certain retirement savings offerings, retirement product structures, retirement savings information, or related financial advice” (E.O. 03.02.2017).

So you can see that advice from traders and bankers are getting freer so the U.S. Citizens can get bad advice that the crony capitalist earns on and the consumer loses their savings. They can give advice on investment portfolio that has problematic structures that even could be similar to subprime mortgage loans and the housing bubble of 2008, which started the economic recession. Therefore the ignorance of this proves that the President cares more about Goldman Sachs and other big multi-national banks. Their power eats the White House. Therefore the Trump administration has more plans that was unleashed on Friday!

On revising regulatory rules for business:

“By the authority vested in me as President by the Constitution and the laws of the United States of America, and in order to lower regulatory burdens on the American people by implementing and enforcing regulatory reform, it is hereby ordered as follows:

Section 1. Policy. It is the policy of the United States to alleviate unnecessary regulatory burdens placed on the American people” (E.O. 24.02.2017).

“Each Regulatory Reform Task Force shall evaluate existing regulations (as defined in section 4 of Executive Order 13771) and make recommendations to the agency head regarding their repeal, replacement, or modification, consistent with applicable law. At a minimum, each Regulatory Reform Task Force shall attempt to identify regulations that:

(i) eliminate jobs, or inhibit job creation;

(ii) are outdated, unnecessary, or ineffective;

(iii) impose costs that exceed benefits;

(iv) create a serious inconsistency or otherwise interfere with regulatory reform initiatives and policies;

(v) are inconsistent with the requirements of section 515 of the Treasury and General Government Appropriations Act, 2001 (44 U.S.C. 3516 note), or the guidance issued pursuant to that provision, in particular those regulations that rely in whole or in part on data, information, or methods that are not publicly available or that are insufficiently transparent to meet the standard for reproducibility; or

(vi) derive from or implement Executive Orders or other Presidential directives that have been subsequently rescinded or substantially modified” (E.O. 24.02.2017).

If you wonder what this means is that the Trump Administration is working on getting rid of certain financial regulations that is not benefitting the business community, the big-banks and the reforms that is done to secure a stable economic policies, to prevent bubbles and other openings that hurts the economy. Trump Administration rather wants to open all doors and believe fewer regulations are good and greed will create a prosperous society. Therefore, you can expect them to dismantle or repeal the Dodd-Frank regulation that can be summarised like this:

“Generally, the Dodd-Frank Act imposes more stringent regulatory capital requirements on financial institutions. The Act requires that the Council make recommendations to the Federal Reserve regarding the establishment of heightened prudential standards for risk-based capital, leverage, liquidity and contingent capital” (Morrison & Foerster, 2010).

This is seen as preventive for economic growth, even as the numbers and statistics haven’t showed lacking results of the business in the United States after the legislation came to pass. The Banking institutions haven’t lacked funds or investment opportunities in the republic. So the need to repeal or to take away the clear cut regulations of Dodd-Frank is more of ideological belief, than a systematic defaults of the added regulation to make sure the banks and corporations follows guidelines for their investments and follow the standards the Federal Reserves has put. This was put into a new law by the Presidency of Bill Clinton and called the Gramm-Leach-Bliley Act or the GLBA.

This can be summarised like this:

“The Gramm-Leach-Bliley Act makes the most important legislative changes to the structure of the U.S. financial system since the 1930s. Financial services firms will be authorized to conduct a wide range of financial activities, allowing them freedom to innovate in the new economy. The Act repeals provisions of the Glass-Steagall Act that, since the Great Depression, have restricted affiliations between banks and securities firms. It also amends the Bank Holding Company Act to remove restrictions on affiliations between banks and insurance companies. It grants banks significant new authority to conduct most newly authorized activities through financial subsidiaries” (…) “Removal of barriers to competition will enhance the stability of our financial services system. Financial services firms will be able to diversify their product offerings and thus their sources of revenue. They will also be better equipped to compete in global financial markets” (Clinton, 1999).

So surely Trump seems keen on following the traits of William Clinton or Bill, who had his ways of opening the markets and making sure the big-business didn’t had to have issues with regulatory business, giving bankers and banks more power and have more involvement with more financial instruments. Therefore the banks could sufficiently control more of the financial transactions and instruments to earn even bigger profits without any concern of the federal state regulatory bodies. This is one of the reasons for the Dot Com crash and the Subprime Crash of the recent decades, as the banks could easily transform business and create markets without any consideration of the small-investors, the citizens or the ones losing in the banking crisis of 2008. This is scenario coming up if the Trump Administration opens up and repeal the Dodd-Frank Act. There are another one he might look into that has also regulated the businesses in the United States, this being the Sarbanes-Oxley Act (SOX), which can be explained like this:

“Sarbanes-Oxley established the Public Company Accounting Oversight Board to regulate public accounting firms that audit publicly traded companies. It prohibits firms that audit publicly traded companies from providing other services to the companies they audit, and it requires that CEOs and CFOs of the publicly traded companies certify their companies’ annual and quarterly reports. The Act authorized the Securities and Exchange Commission (SEC) to issue rules governing audits” (…) “The law requires that insiders may no longer trade their company’s securities during pension fund blackout periods. It mandates various studies including a study of the involvement of investment banks and financial advisors in the bookkeeping and recordkeeping scandals that motivated enactment of the legislation. Also included are whistle blower protections, new federal criminal laws, including a ban on alteration of documents” (FDIC – ‘Important Banking Laws’ 20.07.2015).

“That aspect of flexibility—being able to exempt some smaller companies from the mandate and make it easier for others to implement—is an important quality to keep in mind when we discuss future regulation,” says Srinivasan, who also cites the important role of the Public Company Accounting Oversight Board (PCAOB), a nonprofit private corporation created by SOX that oversees auditors of SEC-registered companies” (HBS Working Knowledge, 2014).

Certainly the review and the Trump Administration want are lacking accountability and freer market, total lassies-faire economy without any interference. Certainly if they could they would get rid of commissions and regulatory bodies that also interfering in the businesses of the United States…? Therefore, if SOX and Dodd-Frank acts are repealed or replaced with soft laws that opens the gates for free-for-all instead of economic regulations to safety the investors, the banks and the consumers. That would generate more trust for foreign investment and also of the consumers that want to be sure of their savings. Well, that is all a foreign opinion and understands of the world for the Trump Administration, an administration that is a corporate stooge and a not so invisible hand of Corporate America. Certainly Wilbur Ross and Steve Mnuchin will work for more open markets where the giant multi-national businesses get more freedom and less taxes, so profits can hopefully sore and the American consumer can be more rid-of-the-short-change in their pockets.

So if certain laws cease to exist or get repealed, if they get amended to a pointless state or even get new fancy laws made for big-business from Congress, don’t be surprised all the corporate stooges and well-wishers from the big-banks are all settled there, in the interest of capital donors and the republican super-PACs that want their reimbursement for their investment into the politician, certainly the Koch brothers and Mercer’s of this world want the gates open and market to sour for them. Not matter what cost or how many who loses their savings, as long as the wealthy are getting wealthier. Peace.

Reference:

Executive Order – Trump, Donald J. – ‘SUBJECT: Fiduciary Duty Rule’ – White House, United States of America (03.02.2017)

Executive Order – Trump, Donald J. – ‘ENFORCING THE REGULATORY REFORM AGENDA’ – White House, United States of America (24.02.2017)

Clinton, William J (Bill) – ‘Statement on Signing the Gramm-Leach-Bliley Act (12.11.1999) link: http://www.presidency.ucsb.edu/ws/?pid=56922

HBS Working Knowledge – ‘The Costs And Benefits Of Sarbanes-Oxley’ (10.04.2014) link: https://www.forbes.com/sites/hbsworkingknowledge/2014/03/10/the-costs-and-benefits-of-sarbanes-oxley/#77656419478c

Morrison & Foerster – ‘The Dodd-Frank Act: a cheat sheet’ (2010)

A look into the Exxon Mobile offshore adventure in Guyana!

EXPGUYcovfold2010

There been in the works for years about offshore drilling on the outside of the coast of Guyana. This has been well-known and is internationally known, as before the drilling the start. There was made arrangement between Exxon Mobile and Republic of Guyana. Therefore the squabble of the sea-bed and the ocean with Venezuela and Guyana… shows that both nations knew the value, as even at one point the Suriname could have showed with aggression of force towards Guyana. This was in the calculation of the United States Oil Company. Exxon Mobile was aware of this even in the 1990s and therefore before the boarders of the sea nd the republics right of the possible offshore adventure, the company had assessed the possible problems ahead. That shows how far this company goes to get massive profits. This is one of the Standard Oil babies, therefore the Exxon Mobile has a history and that repeat itself. Even Rex Tillerson the newly appointed State Secretary in the Trump Administration had something to do with newly forged deals with the Guyana republic. As the Republic of Guyana, also difference in value of the oil reserve between 2016 and 2017 is staggering. That the oil value goes from $70bn in 2016 instead of $200bn in 2017. This shows the proof what is coming and what the state can benefit from the oil drilling. Take a look!

Tillerson in Guyaya:

Rex Tillerson was scheduled to meet with Guyanese President David Granger at mid week to discuss ExxonMobil’s humongous oil and gas find of the country’s Atlantic coast back in May of last year. He was due to arrive late Tuesday” (…) “Oil Minister Raphael Trotman says every effort is being made to avoid this. Legislation which had catered mostly to deal with exploration rather than production is being updated, local content clauses requiring companies to hire locals and buy local will be included and professionals are being scrambled for overseas training in areas including petroleum law” (…) “Trotman has also said that a big chunk of revenues from the first few years of production — expected to commence around 2019-20 — will go to Exxon, meaning that Guyana “would be getting hundreds of millions of dollars but once that phased is passed we are taking about billions annually. At today’s prices the Liza find is worth about $70 billion dollars” (Wilkerson, 2016).

By law in Guyana Parliament:

“This Order may be cited as the Petroleum (Exploration and Production) (Tax Laws) (Esso Exploration and Production Limited, CNOOCNexen Petroleum Guyana Limited and Hess Guyana Exploration Limited) Order 2016” (…) ““Agreement” means the Petroleum Agreement between the Government of Guyana of the one part and Esso Exploration and Production Limited, CNOOCNexen Petroleum Guyana Limited and Hess Guyana Exploration Limited of the other part dated 27 June 2016 concerning the Stabroek Block, Offshore Guyana, which is a production sharing agreement” (Guyana, 2016).

esso-2000-guyana-p1esso-2001-guyana-military-p2esso-2000-guyana-p3

Agreement in 1990s:

“Esso Exploration and Production Guyana Limited (EEPGL) has a Production Sharing Contract with the Government of Guyana dating back to 1999, which now covers 26.8k km2 in the Stabroek block, following required acreage releases (Figure A.1). In 2014, Hess (30%) and Nexen (25%) farmed in to the block. In May 2015, EEPGL announced a significant discovery of high-quality oil-bearing sands with the Liza-1 well (approximately 190 km [120 miles] offshore Guyana)” (Esso, P: 1, 2016).

Staboek oil drilling:

The FPSO will be designed to receive full well stream production and process oil at a design rate of 100,000 Barrels of Oil Per Day (BOPD) annual average, with the ability for sustained peaks of up to 120,000 BOPD, and a minimum oil storage capacity of 1.6 million barrels of oil. It will be designed to remain on station continuously for at least 20 years. Production and injection wells will be tied back (i.e., connected) directly to the FPSO via flowlines and risers. Umbilical(s) will provide power, control, and subsea chemicals to the drill centers” (…) “At peak production during Phase 1, the FPSO will offload up to 1 million barrels of oil to a conventional tanker approximately once every 10 days using an industry proven FPSO tandem offloading configuration. The conventional tanker will be held in position with the assistance of tug(s) to maintain a safe separation distance of approximately 120m from the FPSO” (Esso, P: 8, 2016).

Plan for Decommissioning:

“At this time, the expectation is that the SURF components would be detached from the FPSO and abandoned-in-place on the sea floor, consistent with standard industry practice. Risers and umbilicals would be flushed before being abandoned and wells would also be plugged and abandoned. For each well, cement and mechanical barriers would be used to secure the well casing and isolate the wellbore from the formation. A cement plug would also be set near the mudline surface to cap each well. The FPSO is expected to be towed away” (Esso, P: 11, 20016).

Waste Production:

esso-guyana-waste

The new report of 2017 has more details into the production offshore of Guyana. There are certainly new aspects of the oil drilling. Where the environment get a little bigger aspect as even the changes of environment get a few more fleshy details:

Air emissions resulting from the Project have the potential to change ambient air quality in the Project Area of Interest (AOI) on a localized basis. Potential impact of greenhouse gas emissions from the Project on climate change” (…) “Subsea sound could cause impacts to sensitive marine fauna (e.g., whales, turtles, and fish) in the PDA” (…) “The Project will disturb marine geology and sediments on a localized basis in the PDA and could impact sediment quality from non-aqueous base fluid (NABF) on drill cuttings discharges” (…) “The Project could potentially impact beaches, mangroves, and wetland habitats in the Project AOI as a result of non-routine, unplanned events” (…) “The Project has the potential to adversely impact cultural heritage through localized disturbance of archaeological or historical sites related to Project development. These resources have conservation, cultural, and other values to stakeholders” (Esso, P: 14-17, 2017)

So with this in mind the government has even had a workshop in February this year. So that the Exxon Mobile Corporation and their drilling and offshore petroleum in the sea of Guyana. The whole deal and agreement between the nation and the business is not clear to the public, except that the business is supposed to be licenced for the drilling and give tax-monies of the production. The Exxon Mobile has already proven that they don’t build a refinery, so the export from the platform to the specialized boats to transport petroleum. Therefore the meeting in Jamaica, Kingston, shows the ability to speak with the ones that starting industry in the South American Nation:

“A HIGH-LEVEL team of Government officials was on Wednesday morning briefed by ExxonMobil on its production preparations, a move which marks the commencement of a series of consultations by the U.S. oil giant with stakeholders.The technical briefing was held at the Marriott Hotel, Kingston and a similar exercise was also expected to be carried out later in the day with a team led by Opposition Leader, Bharrat Jagdeo” (…) “The report stated that early, rough estimates by experts of how much recoverable oil Guyana could have range to more than four billion barrels, which at today’s prices would be worth more than US$200B.

In addition to the Liza field, Exxon and drilling partner, Esso Exploration and Production Guyana Limited are also exploring the Payara field, which is part of a block of 6.6 million acres. On January 12, Exxon announced that its drilling partner encountered more than 95 feet (29 metres) of high-quality, oil-bearing sandstone reservoirs at Payara. It said that the area was safely drilled to 18,080 feet (5,512 meters) in 6,660 feet (2,030 metres) of water” (Solomon, 2017).

esso-2001-guyana-military-p1esso-2001-guyana-military-p2esso-2001-guyana-military-p3

So the plans of drilling are set and the anticipated waste is happening as well. That Exxon Mobile will make a killing on these fields in pure and true. The massive reserves will surely make the government of Guyana happy as they even got settled who owned the waters between them and Venezuela.

There are so many more things to come as the proof of the environmental problems and the financial implications is also coming to the forefront with the different values in 2016 and 2017. Exxon Mobile has been hands on and used all means, even foreseen the implications of their activity in Guyana, as they we’re even embedded with the government before the drilling and before the settlement and lawful judgement on who could licence the sea and offshore areas was put in order. Even decades before and therefore the problems with Venezuela and Surinam over who owns it, shows the true levels of planning that the Oil Corporations does. That the Exxon Mobile leadership does what it takes to get giant petroleum reserves. Like the Standard Oil did in the past, so does it future clone Exxon.

We can just follow and wonder what this will lead too and what sort of ways the state can get the funds and resources into the consolidation funds, not to speak of in use for the citizens of Guyana. Not only the elite and the central leadership as so many petro-dollars have ended at. Let’s hope that the Guyana Republic and their leadership can sustain the offshore adventure and also give it back to its citizens. Peace.

Reference:

Esso Exploration and Production Limited Project – ‘SUPPLEMENTAL INFORMATION TO THE APPLICATION FOR ENVIRONMENTAL AUTHORISATION FOR EEPGL’S LIZA PHASE 1 DEVELOPMENT, STABROEK LICENSE AREA, OFFSHORE GUYANA’  (8/2/2016) “ESSO EXPLORATION AND PRODUCTION GUYANA LTD”

Esso Exploration and Production Guyana Ltd – ‘PROJECT SUMMARY FOR LIZA PHASE 1 DEVELOPMENT, STABROEK LICENSE AREA, OFFSHORE GUYANA’ (January 2017)

Memorial of Guyana – ‘Exxon signs PSC for Deepwater Acreage off Guyana; Adds to Global Deepwater Portfolio’ (14.06.1999).

Guyana: ‘THE PETROLEUM (EXPLORATION AND PRODUCTION) ACT – IN EXERCISE OF THE POWER CONFERRED UPON ME BY SECTION 51 OF THE PETROLEUM (EXPLORATION AND PRODUCTION) ACT, I MAKE THE FOLLOWING ORDER’ No. 10 of 2016 (2nd August 2016).

Solomon, Alva – ‘Oil Brief –Exxon briefs Gov’t, Opposition on preparations for oil production’ (01.02.2017) link: https://guyanachronicle.com/2017/02/01/oil-brief-exxon-briefs-govt-opposition-on-preparations-for-oil-production

Wilkinson, Bert – ‘Tillerson scrubs Guyana visit’ (15.12.2016) link: http://www.caribbeanlifenews.com/stories/2016/12/2016-12-16-bw-tillerson-trump-pick-cancels-guyana-visit-cl.html

South Sudan: A look into the President Salva Kiir’s visit to Addis!

kiir-hailemariam-23-02-2017

If you wonder what the Central Government of South Sudan is doing the neighbour country of Ethiopia. There are certainly many different answers, as the reports of Egyptian Airplanes have even been verified by Sudanese Regime in Khartoum. The South Sudanese wrote under an agreement with the Ethiopian regime, there might also be another reason as well, as the refugees goes into Gambella region. There are certainly lots of views and intelligence on the travels this time, as the crisis and the battles internally has reactions in Sudan, Egypt and Ethiopia. Now it is just lacking UPDF to turn their cards into the SPLM/A battles in South Sudan. Take a look!

Salva Kiir team to Ethiopia seeking for forgiveness from Ethiopia:

“Sudanese President coming from his visit answering the reporters after Egyptians Military took a huge loss in involving in South Sudan civil war. Since the beginning of Feb. 2017, the Egyptian Military participated in bombardment in Unity State Upper Nile and Central Equatoria in Equatoria” (…) “In Unity State the Egyptian air force lodges its bombardment from 8:00 PM-11:00 PM, and that was daily until Feb. 20, 2017, due to the accident that happened with Egyptian air force bomber in Yei that went missing on Feb. 19, 2017, before lodge it’s bombardment” (…) “In Unity State all the captured cities using the Egyptian air force are recaptured and Kiirs terrorist took a big lost after a promising military combat from Egyptians army. Egyptians are using Sudan president to help cover up their loses” (…) “Kiir have no choose, but to take it to Ethiopia for more support diplomatically seeking for acceptance again from Ethiopian military to be mild to his terrorist regime after accepting Egyptian idea off sponsoring Ethiopian rebels. Kiir’s team that went to Ethiopia was to lie to the Ethiopians to them to cool down after Kiir’s aggression against Ethiopia” (SSUDA, 24.02.2017).

Presidential Spokesperson speaks about the talks:

“It will be something good for us, South Sudanese and Ethiopians, should these two leaders put into action what they will agree on. It’s our hope that the two agree on security issues. We don’t want any negative force to use another country’s territory to launch hostile activities on the other. Borders are really important to a country and having a good relationship with the bordering country is always the goal for both countries to progress together,” said Presidential Spokesperson, Ateny Wek Ateny” (…) “South Sudan- Ethiopia borders are not safe and this is what has prompted the two to meet,” Ateny further stressed” (Sudan Tribune, 24.02.2017).

Answer from Foreign Affairs of South Sudan:

“The Ministry of Foreign Affairs and International Cooperation of the Republic of South Sudan has read with dismay the unfriendly statement alleged to have been made by the Sudanese President Omer Hassan El-Bashir, during the press briefing on his return from Abu Dhabi to Khartoum, on Tuesday 21st Feb. 2017, that the Egyptian Government continues to support South Sudan with arms and ammunitions” (…) “The Republic of South Sudan is disturbed by this unfortunate, unfounded and baseless statement, specially because it came at a time that the two Countries and the whole region have agreed to exert more collective efforts towards the realization of peace and stability in the IGAD region” (…) “The Ministry, therefore, calls on the leadership of the sisterly Country, Sudan, not to forget its responsibility to work with South Sudan in the spirit of the Cooperation agreement and to address any issue that may arise between the two neighboring Countries through dialogue and direct communications at leadership level and diplomatic channels. There is no way Sudan and South Sudan can abandon each other, because both countries share the longest border in the region, which needs special attention from their respective leaders” (Ministry of Foreign Affairs – South Sudan, 24.02.2017).

Signed Agreement:

“The signing ceremony took place in Addis Ababa today, following the bilateral talks held between Prime Minister Hailemariam Desalegn and President Salva Kiir of South Sudan” (…) “The accords inked covered roads and bridges, communication, information and media, and preferential trade agreement as well as border trade protocol” (…) “The two countries have also signed memorandums of understandings on cooperation in the construction of roads, diesel off-take arrangement, health, and energy” (…) “The leaders have agreed to engage each other to implement the agreements and address any matter that may arise in the future” (…) “Acknowledging that free movement of people and goods are pre-requisites for enhancing economic ties and expeditious implementation of these agreements, the two leaders have decided with immediate effect to start the construction road projects” (…) “Noting with satisfaction the existing bilateral ties, they also agreed to continue to hold ministerial commission meetings led by respective foreign affairs ministers twice in a year” (…) “Agreement was also reached to form Joint Border Administrators/Governors Committee (JBAC) to further strengthen cooperation on issues of security, trade, development and infrastructure along the common borders” (ENA, 2017).

Hope that you got wiser as you have seen more of the state visit in Addis Ababa from the President Salva Kiir Mayardiit and his team. There are more to this and more not told, but this is what I could get of views on the matter. Unless, there showing more clear documentation of why the SPLM had to visit Ethiopia in this dire hour, where the famine and the civil-war continues. This is certainly not a visit in the hour of strength for the SPLM/A. There to many pieces of problems to be different. Peace.

Reference:

Ethiopian News Agency – ‘Ethiopia, South Sudan Sign Agreements, MoU that Forge Friendship’ (24.0.2.2017) link: http://www.ena.gov.et/en/index.php/politics/item/2795-ethiopia-south-sudan-sign-agreements-mou-that-forge-friendship

Ministry of Foreign Affairs – The Republic of South Sudan – ‘PRESS RELEASE:  South Sudan Disturbed By Sudan’s Bashir Baseless Statement of Egyptian Support’ (24.02.2016)

Sudan Tribune – ‘South Sudan president in Ethiopia for security talks’ (24.02.2017) link: https://www.sudantribune.com/spip.php?article61727

Stephen Kinnock MP letter to Lord Bew on ‘Vote Leave’ media campaign called ‘BeLeave’ (14.02.2017)

kinnock-letter-february-2017-p1kinnock-letter-february-2017-p2kinnock-letter-february-2017-p3kinnock-letter-february-2017-p4

ULS Response on Invitation to meet the Committee on Commissions, Statutory Authorities and State Entreprises (COSASE) – (23.02.2017)

uls-23-02-2017

RDC: Point de Presse de Pierre Lumbi Okongo, President du G7 (23.02.2017)

g7-23-02-2017

U.S. Dannel P. Malloy Gov. of Connecticut letter “State Guidance for Superintendents on Immigration” (21.02.2017)

letter-malloy-21-02-2017-p1letter-malloy-21-02-2017-p2

Zimbabwe’s Information Minister Dr. Chris Mushowe statement on South Africa’s EFF and DA (22.02.2017)

zim-eff-da-22-02-2017-p1zim-eff-da-22-02-2017-p2zim-eff-da-22-02-2017-p3

South Sudan: Minister Alfred Ladu Gore on the grave corruption in the Republic and the verified intelligence about Yei battles on the 14th February!

south-sudan-army-pic

There been reports of missing funds and misappropriate funds. Still, there hasn’t been cleared much in the media of the fiascos and the missing fiscal funds, where they even have gone or left. This here is a from the own minister saying the truth earlier this month in Yei state. So with the reports from SPLM-IO that there we’re use of Egyptian air-force in the state. This has been countered from Juba, but certainly the SPLM/A has in the past hired the UPDF to get rid of SPLM-IO under the last battles with the rebels. Therefore another foreign army under supervision of President Salva Kiir wouldn’t surprise anyone. Therefore a second source can verify the use of Egyptian forces shows the ability of spending embezzled oil-funds and also the tax-funds that been spent on foreign armies as mercenaries for the SPLM government.

“That when Kiir went to Yei on Feb. 14, 2017, he delivered the message of regretting why the Dinka’s or the North Sudan allowed South Sudan to be a country. This same day Alfred Ladu Gore gave a speech;

“Speaking at a public rally organized in the town of Yei on Tuesday, Alfred Ladu Gore, Minister of Land and Housing, said recent investigations carried out in his ministry found that senior officials misappropriated an amount of $ 20 billion from 2005 until 2017. He pointed out that the money was squandered on personal benefits instead of meeting the needs of the people of South Sudan. Gore explained that the $ 20 billion was meant for construction of road, schools, universities, hospitals and establishment of factories in South Sudan (SSUDA, 2017).

“This same day Salva Kiir left to Juba and Alfred Gore remained in Yei 5 days later Kiir sent the Egyptian Jet fighter to Yei around midday to lodge civilian raids when some people were at prayers. When they heard the sound of the Jet fighter all those who were at prayers left the prayers. In the middle of the day the day turn into night the Jet fighter flew and disappeared in the middle on the day darkness. After today nobody knows what happened to that Jet fighter” (…) “The other Egyptian Jet Fighter that was carrying out bombardment in Unity State from 8:00PM-11:00PM everyday against the civilians heard the Yei news and decides to leave South Sudan” (SSUDA, 2017).

So we can now know more about the happenings and also uncover the truth of what is happening, as we know that South Sudanese authorities doesn’t want the truth to be delivered. Therefore the diaspora is willingly dropping raw intelligence so the world can know. This is a start of a series of revealing intelligence. There will be more to come, as the questions of how the missing funds and the lacking administration. There is clearly maladministration as the priorities and the lacking food, funds for food and others are key to the declared famine in the republic. This with the battles that was occurring and the fleeing civilians from Yei State is a proof of. Peace.

RDC: G7 Communique du G7 (22.02.2017)

g7-22-02-2017