Fiji: Coup 5.0




The Indian (and other) business interests which are probably backing this coup (maybe all coups?) are in danger of voting with their wallets and pulling their money out. This run on funds scenario (but with Chinese business interests) was arguably the primary pre-cursor that triggered Suharto's fall in Indonesia in 1998.
Via the above blog:
by Michael Field
Fiji’s currency is in crisis as the military occupy the country’s central Reserve Bank (RBF), housed in the same building as the New Zealand High Commission, and have Governor Savenaca Narube under arrest.
In a brief statement a short time ago the RBF deputy governor Sada Reddy said the bank has "tightened exchange controls with immediate effect." Sources who cannot be named for fear of their safety say a major currency run is underway with hard exchange fleeing the country.
Sources say the New Zealand High Commission offices, which are a floor below the governor's office, have not been entered by the military. Mr Narube has been loudly warning Fiji that its economy is in major strife and on Thursday he announced the domestic economic would contract this year by 0.3 percent as against a projected 2.4 percent.
He said Fiji's official foreign reserves were F$674 million, equivalent to 2.7 months of imports of goods. Fiji normally has reserves of around five to six months.
Every day the fools in the blogosphere like DPF and Whaleoil and Chris Trotter are being proven embarrassingly far out of their depth as they continue to assume that the motivation of the military dictator is to bring an electoral utopia to Fiji where indigenous Fijians (of which the military is almost entirely composed) will be stripped of every political advantage they have... in order to advance (through the new democratic order) the economic agenda of the large Indian population (which is ultimately aimed towards seizing the native title off the Fijians once all the posturing and intellectualising has evaporated).
The motivation and objective of military dictatorships of this type (and every shred of evidence thus far points to it) is for the new ruling clique to stay in power for as long as they can. The second reason these bereft bloggers insist the military govt is desirable is so it can combat corruption rampant in the previous democratic govt. This is the funniest one because the facts are so obviously against them - media intimidation and censorship, appointments of the military to all sorts of offices of state (now including the judiciary), arbitrary arrests, beatings and even killings by the military which has clearly put themselves above the law.
If these commentators prefer to keep believing these increasingly idiotic myths and promote the use of military force to change electoral laws then the adjectives are going to get fresh. They think it's OK because it's a third world country - that's the real reason. They would never suggest it as a solution for a first world nation like NZ.
Yesterday's news from blogger Raw Fiji News:
Sada Reddy, RBF’s deputy governor has now taken over from Save Narube, whom we can confirm has been officially given his marching order by the military regime before being released awhile ago. Reddy is a pro-regime man whom we had reported on many threads ago.
[...]
Military police personnel, some plain clothed and others in uniform, have moved into BP service stations under the guise that they are protecting it from possible civil unrest.
However, we can confirm that they have posted their people at the fuel pumps to provide them with fuel for their planned counter-attack against the impending civil disorder.
It is understood that the regime is already claiming ownership from the pending Sales & Purchase agreement that FHL has with BP South West Pacific.
Today:
We can report that the military are at the Vatuwaqa FINTEL station where the underground southern cross cable where connectivity and termination for Fiji to the globe all happens.
And insiders say there is a war of words going on between Frank’s regime and the UK based Cable and Wireless, the other 49% shareholder of FINTEL with the 51% owned by the people of Fiji via its government.
[...]
Sources say journalists were chased away from the vicinity of the Suva government buildings that houses the court rooms and the tyrant’s office.
[...]
All the military lawyers have been told to swear allegiance to the new illegal order.
[...]
We have been advised that tyrant Frank has ordered FINTEL, Vodafone, Kidanet, Connect and other ISPs in Fiji to close their internet operations.
We are told that this advice was given to Frank by his vodafone advicer and vodafone CEO, Aslam Khan. Aslam Khan is hubbie to that controversial Judge Shameem.
Aslam is a well known coup apologist who was appointed by the illegal regime to be one of their reps in the Air Pacific board of directors.

Labels: Fiji: Coup 5.0