MinBane

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Archive for the tag “NBC”

What if Obama did this? [Trump Edition]

I have wondered as time goes on. What if Barrack Obama did anything of what Donald J. Trump has done before and after becoming President? Because, even I remember the Brown Suit Controversy and the Mayo on the Burger issue. Combined with the committee’s of Benghazi hearings, that was pounded on again and again, to make the acts criminal. However, similar has not been seen during the Trump Presidency. Yes there been public and as vicious as the ones against Obama.

What if Obama paid-off someone with an Attorney, changed the stories in the public eye dozens of times. First claimed he didn’t know about it, didn’t know about the Non-Disclosure Agreement and payment through a LLC. What if the pay-off was to a fling, where the President was cheating on someone who was working in porn. We all know how much flack Obama got for having his pastor, just imagine him cheating on Michelle and the kids. Wouldn’t the Republican’s in Congress, Fox News and everyone else goes of the rails? Wouldn’t the Christian Conservative cry-foul and havoc for the diminishing role of family values. But supporting a serial-cheater, former Miss Universe owner and womanizer, that gets a go? Good, to know the hypocrisy.

What if Obama had bombed without listening to his generals? Wouldn’t there be a substantial investigations, wouldn’t there countless hearings in Congress and also looking into his cabinet? While Trump can order randomly with old-intelligence in the Sahel Region and Niger, where own soldiers dies without any consequence. Also orders bombings in Yemen, where innocent dies without any public issues. Where the Congress doesn’t even flinch. This shows the White Privilege, because if Obama did the same he wouldn’t be able to pull it off.

What if Obama tried to hire is family as advisers and vital roles inside the White House? Wouldn’t media go into a frenzy if Obama hired parts of his extended family? They wouldn’t leave it be, but that Ivanka Trump and Jared Kushner got their roles has been okay. That the Trump Organization is still run by the family and close associates. That the visiting logs, the documentations has been altered again and again, the lack of security clearances, while working has been okay too. Nobody is questioning the authority of the couple. But what if Obama had hired his uncle, even some of his far relatives from Kenya? Wouldn’t Fox and InfoWars be all up in it?

What if Obama had meetings with foreign adversaries and having campaign managers and involved persons with known questionable background. What would the media have done? Wouldn’t this created a constitutional crisis and direct impeachment? Even if the adversaries are paid agents of foreign states, also parts of the campaign team being on the pay-roll of foreign nations. Also, know for campaigning and lobbying for questionable regimes all around world. Where even the FBI and the authorities have been monitoring them and even wire-tapping to be sure of their moves. Wouldn’t the whole world crash down with the knowledge that so many people of the campaign would be involved in possible conspiring against the republic for one person? Still, Obama didn’t do that, but Trump has enough questionable connects, meetings, pay-offs and indictments in his team, that the reality will catch up with him, sooner, than later.

What if Obama appointed Cabinet Members who wasn’t skilled in the field, was bought directly from the donors, even working with the businesses they we’re supposed to monitor. What if Obama appointed Cabinet Members that was misusing the public offices, spending fortunes on the state dime and also not appointing underlings in the needed offices so that the government could do their duties. What if Obama sent Michelle or anyone other relative as Official Diplomat, even she had no experience of doing so, to have dialogue and even make sure of the government policies abroad. What if Obama hadn’t made sure the Secretary of State had enough diplomat’s and enough staff to gather intelligence. If did only half, there would be an outcry, about how he doesn’t care about the USA place in the world and making sure USA is safe. But Trump doesn’t have to serve the Department of State, the Department of State only have to serve Trump, even on a half-engine and lack of gasoline.

What if Obama without any of own media or any of his staff would be alone with foreign adversaries in the oval office, talk about national secrets and intelligence, share it with them without the public knowing or even discuss it with the National Security Advisor, CIA Director or the DHS. Wouldn’t that be an act of treason? However, Trump did that with Russians in the Oval Office and people tend to forget that.

I am sure I could go on, but it would just so sad, so tragic. The What If scenarios are insane already. No doubt. This is just showing how different the world is, and because of one man’s victory… how things change, but now we know that the lack of moral and integrity is starting from the top. It isn’t a local, but it is an executive thing. Trump has gotten away with a lot, but has hope for the Mueller Investigation, even in the midst of trouble. He always gathers strength, however, that cannot last forever. There are many unanswered questions remaining, but in the end. The reality will hit the fan and we all will know. Peace.

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Comey Memo’s reveals that the ‘Golden Showers’ in Moscow haunt Trump’s soul!

Putin even sent me a present, beautiful present, with a beautiful note. I spoke to all of his people. And, you know, you look at what he’s doing with President Obama. He’s, like, toying with him. He’s toying with him.” – President Donald J. Trump at the Conservative Political Action Conference (March 2013).

As the tide on the mounting cases on President Donald J. Trump and his associates continues, yesterday, something weird happen. The former Federal Bureau of Investigation (FBI) Director James Comey’s memos of his interaction with the President was declassified. This isn’t an everyday action from the Department of Justice, if this was done to stop Devin Nunes and the Representatives Committee on Intelligence from doing a hawkish job on the matter or they wanted total transparency. It is hard to know.

That this is happening as the cases Cohen had against the Steele Dossier and other clients of Trump is forfeited, meaning that the validity of these cases are more striking too. Therefore, there has been big blows to the President and his closest allies. The strength of his defense and his cases in the Russian Probe, in the possible Obstruction of Justice and everything else that might have been illegal. Clearly, has gotten a big showdown with the release of these memos.

There been a lot of writing, but I want to look at the connections with the “golden showers”. Because that really lit things up. The President are really furious over the reporting and also that the Russian possibly have this. Seemingly, every time he talked to Comey, it was intentionally mentioned. Also, that he wanted Flynn not to be implicated. Clearly, he knew about the transgressions and questionable behavior about certain connected individuals in his staff and Campaign Team. But he wanted to clear the air. However, the Flynn angle has been covered by so many people. I am not looking into that. What I find special is the showers and the prostitutes. Because it shows the malicious ways of the President.

First I will show quotes from three of the Memos, that is about the Golden Showers. Than, things that doesn’t add-up.

James Comey wrote in his memo on the 7th January 2017, after having a meeting at the Trump Tower on the 6th January 2017:

I said, the Russians allegedly had tapes involving him and prostitutes at the Presidential Suite at the Ritz Carlton in Moscow from about 2013. He interjected, “there were no prostitutes; there were never prostitutes.” He then said something about him being the kind of guy who didn’t need to “go there” and laughed (which I understood to be communicating that he didn’t need to pay for sex). He said “2013” to himself, as if trying to remember that period of time, but didn’t add anything, He said he always assumed that hotel rooms he stayed in when he travels are wired in some way. I replied that I do as well”.

The Memo from the 28th January 2017 stated this:

At about this point, he turned to what he called “the golden showers thing” and recounted much of what he had said previously on that topic. He repeated that it was a complete fabrication and “fake news”. I explained again why I had thought it important that he know about it. I also explained that one of the reasons we told him was that the media, CNN in particular, was telling us they were about to run with it. He said it bothered him if his wife thought there was one percent chance it was true in any respect. He said he had spoken to people who had been on the Miss Universe trip with him and they had reminded him that he didn’t stay over night in Russia for that. He said he arrived in the morning, did events, then showered and dressed for the pageant at the hotel (he didn’t say hotel name) and left for the pageant. Afterwards, he returned only to get his things because they departed for New York by plane the same night. He said he thought maybe he should ask me to investigate the whole thing to prove it was a lie. I did not ask any questions. I replied that it was up to him, but I wouldn’t create a narrative that we were investigating him, because we are not and I worried such a thing would be misconstrued. I also said that it is very difficult to disprove a lie. He said “maybe you’re right” but several times asked me to think about it and said he would also think about it”.

From the Memo on the 8th February 2017:

The President brought up the “Golden Showers thing” and said it really bothered him if his wife had any doubts about it. He then explained, as he did at our dinner, that he hadn’t stayed overnight in Russia during the Miss Universe trip. Twice during this part of the conversation Reince tried to interject a comment about the (Blurred out) and “why it even in there” but the President ignored him. The President said “the hookers thing” is nonsense but that Putin had told him “we have some of the beautiful hookers in the world” (he did not say when Putin had told him this and I don’t recall (blurred text))”.

From the Memo on 30th March 2017:

He went to great length, explaining that he has nothing to do with Russia (has a letter from the largest law firm in DC saying he got no income from Russia), was not involved with hookers in Russia (can you imagine me, hookers? I have beautiful wife, and it has been very painful) is bringing a personal lawsuit against Christopher Steele, always advice people to assume they are being recorded in Russia. Has accounts now from those who travelled with him to the Miss Universe pageant that he didn’t do anything etc.”

The thing that strikes me, is that for someone to travel to host and is a co-owner of Miss Universe, it would be weird just to pop-by and leave. Doesn’t that sound weird to you? That doesn’t sound like a coherent owner of something. Not that Trump is consistent on things, but that just doesn’t make sense of the quotes from the President. That he was briefly by and didn’t spend time. However, there been other reporting on that matter, that sounds more reasonable.

The future U.S. president’s journey to Moscow began in North Carolina, where he attended the birthday tribute to evangelist Billy Graham on Thursday, Nov. 7, 2013. Federal Aviation Administration flight records obtained by Bloomberg through the Freedom of Information Act show Trump’s Cessna jet took off from Asheville, North Carolina, at 9:57 p.m. that night, landing at New York’s La Guardia Airport at 11:05 p.m” (…) “Trump surfaced on Friday, Nov. 8, in a Facebook post by Nobu Moscow. He was posing in daylight outside the restaurant with Emin, wearing a red tie and a dark overcoat” (…) “At some point on Sunday, Nov. 10, Trump jetted home to New York, where that evening he tweeted about his return: “I just got back from Russia-learned lots & lots. Moscow is a very interesting and amazing place! U.S. MUST BE VERY SMART AND VERY STRATEGIC.” (Silver, Vernon & Pismennaya – ‘Trump’s Two Nights of Parties in Moscow Echo Years Later’ 13.07.2017, Bloomberg Politics).

So thanks to his own posts on Social Media, he was there from 8th November 2013 to 10th November 2013. That means 48 hours and a lot of activity, which we cannot verify. But that is a counter-claim and have ability to show, how he was lying into the face of the former FBI Director Comey. President Trump is known for lying, therefore, that isn’t breaking news. What is more striking is the relevancy of the time and the possibility of hookers in Moscow in 2013. That the Steele Dossier are more relevant again, since the Personal Suit against Christopher Steele was this week canceled, as well as these Memo’s was released. It is fitting and more powerful, than the releases of information from the Nunes memo or anything in connection with him.

We can wonder gifts he has given before and after. Since nothing subtle about this man, this president of the United States. Is something as rare and blindly obvious at the same time. What we do know, is that he is compromised by the Russians. He hasn’t really enacted any real sanctioned and never acted on the resolutions and sanctions made by Congress. Therefore, the knowledge of his long-standing relations with Russians are there. As well as the investigations are reveal new sides all the time and new connections, that was in the sphere of Trump. Robert Mueller must have a field day with the release of these Memo’s. Since, this vindicates him and his investigation.

Time will, tell if there was pee-tapes, golden showers and prostitutes touching the presidents dingy, however, I wouldn’t be surprised he had secret relationship with former Playboy Bunny, a Porn Stars and models in the past. So, this man is capable of anything, especially cheating on his wife. Because that is something he has done since he first got married. Check his history, I am not lying. Peace.

Stanbic Bank Uganda – Public Notice: “Corporate Re-Organization of Stanbic Bank Uganda Limited” (19.02.2018)

Bank of Uganda report spells out growing non-performing loans and possible default of 9 banks!

Bank of Uganda’s late Annual Supervision Report of 2016 is finally out. Instead of mid-year, it was released in September. It must be reasons for that, since this is in the year two banks lost their balance and one was traded to another. The Crane Bank sale-off and losses have started most people, as also the expensive pens of the Bank. Therefore, with the procurement of pens must be the reason why the months from July to September to see the Annual report. The 2016 spreadsheet isn’t a fun read, it is dire and says something about the financial institutions, as well as the economy in general.

This report are telling stories of bad performing loans and the quality of them. When looking into that, you know that this is banking practice that supposed to be profitable. To loan money away that people save in the bank and gain interests. So, when the numbers are this crunching. When the state of affairs are so dire. When Government Securities and shortfall is what they are. Then you know there are failing prospects. As this the year after campaigns and elections. It is usually painful after the heavy spending and brown envelopes to anyone who support Mzee. That is why the costs and the non-performing loans are growing. But where that money went, is only known by the elite and the NRM. Take a look!

Non-Performing Loans:

The analysis of default by the banks’ three largest borrowers and an increase in NPLs by 200 percent revealed large potential losses. It showed that if each bank’s three largest borrowers were to default, with a loan loss of 100 percent, 13 banks would become under-capitalised with an aggregate capital shortfall of USh.513.86 billion. If NPLs were to increase by 200 percent, assuming the increase is in the loss category which requires full provisioning, 9 banks would become under-capitalised with an aggregate capital shortfall of Ush.247.39 billion. A decrease in interest income from government securities would not require any additional capital from the banks” (BoU, P: 4-5, 2017).

Loan Quality:

The banking sector’s overall asset quality continued to decline in 2016. The ratio of non–performing loans to total gross loans increased from 5.3 percent in December 2015 to 10.5 percent in December 2016. The increase in the NPL ratio was mainly on account of bad loans which more than doubled from USh.573.4 billion in December 2015 to USh.1,203.2 billion in December 2016” (BoU, P: 15, 2017)

Earnings and Profitability:

There was a drop in profitability of the banking sector in 2016. Annual after tax profits reduced by 44.2 percent or USh.239.1 billion from Ush.541.2 billion in 2015 to USh.302.1 billion in 2016. Average return on total equity (ROE) dropped from 16.0 percent to 8.3 percent while return on assets (ROA) halved to 1.3 percent during that period. Total expenses grew by 9.3 percent, mostly in the form of interest expense on deposits. Increased provisioning for bad debts also reduced the banking sector’s earnings for the year under review. Provisions rose by more than 100 percent, by USh.419.4 billion to reach USh.637.2 billion in 2016” (BoU, P: 16, 2017).

So this growth isn’t making the economy more healthy. It is more bad loans and losses of profits. The bankers are not benefit ting and the costumers will pay for the shortfall in the long run. The assets and the basic needs will not be covered. The dangerous levels of NPL can even kill of more banks. As the reports not spelling out the names, but saying 9 banks could be under-capitalised, that means the government has to come in with security to put the bank on its feet or trade it off. Like it did with the Crane Bank recently.

Therefore, there are warning signs of continuing to borrow without security for repayment on the debt. That gives way for non-performing loans. This is the whole idea and reason for the problems the 9 banks have. As the costumers and corporations borrowing funds, without capacity to repay. That means the planned interest, the planned profits and repaid funds disappear. So, the more borrowed funds to try to catch the losses, is creating a evil spiral of losses. Instead of generating the profits and interests as anticipated.

Clearly, the banking sector needs a revamp and the system needs a push to make sure they are run smooth. As the consequence of continuing like nothing, is that further banks will default and costumers will lose savings and the state has to cough-up funds to save the scraps of a bank. Peace.

Reference:

Bank of Uganda – ‘ANNUAL SUPERVISION REPORT’ (December 2016) Volume 7 (06.09.2017)

Uganda Local Government Workers Union (ULGWU) letter to PM Dr. Ruhakana Rugunda – “Reminder: Remunerations Enhancement for Local Government Workers” (29.08.2017)

#BoUPens: BoU bought cheap Cross Ball-Pens for a fortune!

I hate to say it, but the magical pens from the Bank of Uganda (BoU) wasn’t a fairy-tale as expected. It was a cheap corporate pen, that was bought for astronomical sums. They are not so expensive after all. It is Cross Rolling Ball Pen Nor Onyx AT0155-1, the price of this not as high as the Bank paid for it. Unless, they wanted to pay of their importers major profits, however, the Bank must have connections with the traders who sold it to them. If not, why did they pay so much for Cross Ball Pen in the first place.

First, the social commentary from earlier this month:

Hey, Bank of Uganda, the glorious BoU, if you ever need any sort office equipment. I can sell it to you and at lesser cost. It will be fraction of the 357,000 Uganda Shillings per Pens or 125m shillings for 350 pens. At the dollar-rate, you paid $105 United States Dollar for each pen, they must be magnificent and the best pens ever made for the mankind” (Minbane – ‘ Opinion: Bank of Uganda must have bought magical pens!’ 16.08.2017 link: https://minbane.wordpress.com/2017/08/16/httpwp-mep1xtjg-5gh/ ).

Than, by the price of $105 USD for every single Cross Ball Pen, which was made in China. These Ball Pens are really overpriced. On the American Amazon.com price are $36.62. The Amazon product explanation: “Onyx black resin finish with polished chrome appointments – Click off cap accented by a wide chrome band and a sophisticated perforated clip design – Includes one black gel ink rollerball refill (#8523) in pen – Cross Rollerball pens can be converted into a ballpoint pen or creamy porous felt-tip pen by changing the refill to desired type of tip (Refills sold separately) – Presented in a gift box” (Amazon – ‘Cross Aventura Onyx Black Rollerball Pen (AT0155-1)’ link: https://www.amazon.com/Cross-Aventura-Black-Rollerball-AT0155-1/dp/B0017UGOZC).

So if the Bank of Uganda are importing the pens, than the price would go up. Both most like not cost more than maybe around $60 USD a pop. Clearly, the BoU are liking the idea of the overpaying the pen. The Bank might have bought it from places like Corporate Gifts Pens, there they would get discounted for amounts of pens they would by. That is like if they buy over 100 pens, around $24,79, so the price of pens would be cheaper. Even engraved pens cost added on that page $5 each, that means the price would be around $29,79.

Still, with that the price difference are $70-75, which has to paid extra to the providers or suppliers. The government and the Bank of Uganda must be really proud of who they bought it from. If not, the Chairman or the leadership of the BoU really know the family or written-off the profits to paid their mortgage.

This here was not about quality or unique pen. Just a very ordinary pen. Not even in the quality of the Parker Pens. The BoU has really scammed the people and the Bank doesn’t care about the misuse of state funds. Peace.

Opinion: Bank of Uganda must have bought magical pens!

Hey, Bank of Uganda, the glorious BoU, if you ever need any sort office equipment. I can sell it to you and at lesser cost. It will be fraction of the 357,000 Uganda Shillings per Pens or 125m shillings for 350 pens. At the dollar-rate, you paid $105 United States Dollar for each pen, they must be magnificent and the best pens ever made for the mankind.

Bank of Uganda, I understand the scrutiny you are under and as people are mocking this transaction, how you suddenly needed these expensive pens. I am sure they write the perfect lines and makes the others look like broke-back understudies without proper ink. The pens you bought must be most genuine Parker Pens, which brings the words so flawlessly on paper. When these pens touch the paper, they make such romance, so the ink flowers the paper and even smells better.

I have a feeling that the providers of these pen engraved them too each of the employees, so they have unique pen with their initials or even their nicknames. Therefore, they are all feeling unique and look well after.

“According to BOU, #BOUPens were “Cross” branded and meant to be sold as was the case with commemorative coins and notes in previous years” (NTV Uganda, 15.08.2017). So they were special and unique, they were designed in a way to make them feel special. Still someone who procured them really made a decent profit of the trade. Since pens usually doesn’t cost that much, even when your initially making them special too.

I am sure they bring back the good old times, sprint the words of Milton Obote and Idi Amin, even bring back Yusuf Lule, if lucky the grandest project of the all, the marvelous escape of the NRA. Certainly, the pens of the BoU must possess some sort of special powers. Since, they cost so much. All the things the pens has of value, so they can be used as collateral and even be pawned like jewels. Since they have such value and estimated cost.

So please Bank of Uganda, I got pens that can write in thin-air, spill the ink on the paper and give you the smell of roses. They will cost half of what you used to buy the Cross Pens, and they will look amazing. They will bring joy and happiness, maybe even be more within reason of cost. Since all paperwork and paper-trial of your clients, will smell like a bed of roses? It must be a dream and a dream worth living for, that you want to achieve in your lifetime.

Certainly, Bank of Uganda should consider some reasonable pens for their enterprise, as a state institution, but they are the ones keeping the inflation and the monetary policies at bay. Therefore, they need to be rewarded, not all can get Presidential Handshakes. Some just have to get pens, which are more valued than other people’s rents. That is their dumb luck, not the cashier at BoU. Peace.

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