Cempaka Business and Economy: Govt will be able to put bad debtors in jail

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Thursday, October 28, 2010

Govt will be able to put bad debtors in jail

The Jakarta Post, Jakarta | Thu, 10/28/2010 10:36 AM

Under a draft law to manage state credit, the government will soon be able to imprison bad debtors without undergoing a judicial process, a senior finance official says.

This would be a breakthrough for the government as many bad debtors had not shown good faith in repaying their debts, Finance Ministry state assets director Hadiyanto said in Jakarta Wednesday.

The new authority is part of a draft law due to be submitted to the House of Representatives later

this year.

“It will have a deterrent effect on bad debtors,” Hadiyanto said, adding that the new law would replace the 1960 Law on State Credit Management.

Separately, state credit director Soepomo said the government faced many difficulties in collecting unpaid debts because debtors used many different approaches to avoid repaying their debts.

“Under the proposed law, we will have a stronger legal umbrella to deal with bad debtors,” he said.

According to the Finance Ministry, the state credit committee (PUPN) is managing Rp 62 trillion worth (US$6.94 billion) of bad debts, comprising Rp 20 trillion from state-owned banks, Rp 1.1 trillion from state-owned companies, Rp 9 billion from state institutions and Rp 41 trillion from governmental institutions.

About Rp 30 trillion of the amount due from governmental institutions is owing from the now-defunct Indonesian Bank Restructuring Agency (IBRA) debtors, including businessmen Samadikun Hartono and Kaharudin Ongko.

The IBRA was established in 1998 to restructure the national banking system following an economic crisis that caused several of Indonesia’s banks to fail.

One of the agency’s tasks was to manage the distressed assets seized from financially troubled banks.

In February, 2004, the IBRA was shut down and handed over all of its assets and documentation to the Finance Ministry.

Apart from tougher law enforcement, Soepomo said the government could offer conditional debt abolishment to cooperative debtors.

“We may give conditional debt abolishment to debtors who are found to be unable to pay their debts,” he said.

However, decisions to give such a facility should be made carefully.

With the new law, the government was upbeat it could collect most of the Rp 62 trillion in unpaid debts by 2014, Soepomo said.

“It won’t be achieved without tougher law enforcement on bad debtors,” he said.

Many bad debtors, especially ex-IBRA debtors, had left Indonesia since the Asian financial crisis of 1997-1998, which had led to the collapse of several private banks.

Samadikun, for example, has been on the police’s wanted list since that time.

Many other bad debtors said that they were unable to pay their debts, while in fact, they have many assets in foreign countries. (edf)

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Thursday, October 28, 2010

Govt will be able to put bad debtors in jail

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The Jakarta Post: Review/Outlook 2010