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Chiké Verwey

@GuyaneseCV

🇬🇾#Investing is a Process NOT a Product! Time is the Master as we #LearnGrowInvest! #LemmingWithALifeVest🇬🇾
#Kingston #Jamaica Joined April 2012
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Chiké Verwey @GuyaneseCV
At some point in every country where the elected officials pillage and plunder off the backs of the people the chickens come home to roost. Let this be a warning for all countries who take their population for granted. The population is the reason for the circular flow of money.
Drop Site @DropSiteNews 4d
Paraguayan President Santiago Peña has resigned amid a deepening political and financial crisis sparked by the collapse of Ueno Bank, a major digital lender with nearly three million customers and approximately $850 million in public deposits.

The Central Bank seized control of Ueno after it fell into insolvency, leaving millions of customers unable to access their money. Peña, who held shares in the bank’s parent company until 2025, faced impeachment over alleged conflicts of interest, misuse of public funds, and institutional cover-ups.

The scandal resulted in protests in the capital city of Asunción, forced the resignation of the Central Bank chief, and prompted criminal investigations of bank executives. Peña’s resignation comes as lawmakers were preparing to vote on his impeachment, with some of his powerful allies in the ruling Colorado Party withdrawing their support for him.

The scandal highlighted the close ties between the Colorado Party and the country’s financial institutions, drawing sharp rebuke from many Paraguayans.

“Santiago Peña and the Colorado Party have stolen all our savings,” Luis Pineda, a demonstrator in Asunción, told AP. “We are fed up with 70 years of plunder.”
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