PARAGUAY’S PRESIDENT RESIGNS IN DISGRACE AFTER “FRAUD OF THE CENTURY”!
Here is an update from X on the banking fraud and collapse that happened in Paraguay this week! Like the author says in the post, this can happen ANYWHERE IN THE WORLD as the entire banking system is corrupt and full of fraud! Oh and look who he’s pictured with in this post. Talk about a poster boy for fraud and crime.
Paraguay’s President, Santiago Peña, has been forced to resign in DISGRACE, after shocking details of his MANY connections to what’s being described as the “biggest FRAUD of the century” came to light.
- Peña was a business partner of the conglomerate that owns Ueno Bank, the largest digital bank in Paraguay, until 2025…
- Peña personally accepted two “highly irregular private loans” directly from Ueno Bank during his tenure.
- Peña used his presidential platform to shield the bank from inspectors, aggressively dismissing financial warnings as “fear-mongering” to keep public money flowing into the fraudulent bank.
- Shortly after becoming president, he appointed Ueno’s former chief executive to run the country’s central bank…
Think about that.
The person overseeing the bank previously ran the bank… The fox was literally guarding the henhouse (we have the same situation in the west..)
And guess who is on the hook to bail them all out? The taxpayer…
AND THATS NOT ALL
- Under Peña, Ueno Bank started as a niche digital app and suddenly became the government’s preferred bank. Funneling MASSIVE State Wealth into his friends pockets.
- This included LOOTING PENSIONS by forcing ~$380M of workers’ health and pension funds into Ueno.
- While the government was pumping public money into Uneo, executives were quietly shoveling it out in the form of MASSIVE UNCOLLATERALISED “INSIDER LOANS”
The taxes, life savings and pensions of citizens were used as a personal slush fund, with no assets left behind to cover the bad debts.
By the time it collapsed, 25% of all the bank’s deposits consisted of public funds….
Opposition lawmakers are FURIOUS, 8 bank executives have been arrested. 27 other bank officials and business associates face severe criminal charges.
Don’t forget, this could happen ANYWHERE. Our banking and market systems are corrupt and stressed. My advice? Save in physical gold and silver. (Authors opinion, not mine)
There you go guys, stay ready! There’s going to be massive turmoil in the markets from here on out. Prepare accordingly and stay focused on Christ!
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