Why South Sudan in economic hardship? Because the rich have buried their money.

By David Aoloch Bion, Kampala, Uganda

April 26, 2015 (SSB)  —   South Sudan’s economy is its trough level since 2005. This recession in the economy is not because of the ongoing war and it is not the fall in oil prices either,  but , it is because the richest South Sudanese or the 70% of the 75 richest men in the country have buried their bulkiest capital of billions of Dollars.

The 70% of the 75 men who had stole 80% of South Sudan national budget from 2005 to 2011 have buried their money in foreign banks. This hugest reserve of money is not circulation in the due economy.

70% of the 75 men have fallen out with the Government, therefore, they have to punish the government by taking away their in the economy. Some of these fraudsters and racketeers have buried the money in their houses in Juba; some have invested in foreign banks outside the country . This is their instrument   of sanction on the government that sack its  employees without reasons like the government did in July 2013, when it fires the whole the cabinet.

This happened in Zimbabwe in some years back. The Opposition and the British Government decided to bring down the government of Robert Mugabe by economy mean.

So some big businessmen were given money to buy out the Dollars in the economy and the market. A businessman could buy millions of Dollars and he took it and banks it in another country. These businessmen bought  out the Dollars in economy and in the market until there was no  single Dollar in economy.

It was Libya under Mamuar Qaddafi that  bailed out Zimbabwe. Libya loaned 1 billion to Zimbabwe. It is the history repeating itself now.

Trioka and SPLM/A IO and SPLM G-10  have resorted to removing President Kiir from power by economical means.

The Troika is orchestrating stimuli that will cause the South Sudan economic GREAT DEPRESSION.

From there, there will be revolt because of economical hardship like Arab Spring that will give a pretext to strike the JI .

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PaanLuel Wël

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PaanLuel Wël is the founder and editor-in-chief of PaanLuel Wël Media Ltd, a news website that covers news, opinions, analysis, history, culture and literature of South Sudan and the world. Founded in July 2011 by PaanLuel Wël to create a platform for free expression and constructive dialogue, the website features articles from various contributors, including columnists, commentators, poets, authors, activists and academics. PaanLuel Wël believes that media can play a vital role in informing, educating and empowering the people to participate in nation-building and social transformation. He also believes that media can foster a culture of dialogue, tolerance and diversity among different communities and groups, and hopes to inspire and mentor the next generation of South Sudanese writers and journalists.

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