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what is the biggest threat to your money and the kenyan economy
hisah
#11 Posted : Tuesday, July 24, 2012 5:26:16 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
itz wrote:
http://www.the-star.co.ke/business/local/86401-kenyas-public-debt-now-rises-to-sh16-trillion-almost-50-of-gdp


this is before the county system comes into play


A bit of a concern now (sustained expensive tbills/bonds), but it confirms that the oil play is commercial... Otherwise I don't see why gubberment could risk their guts this much...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
sparkly
#12 Posted : Tuesday, July 24, 2012 5:28:31 PM
Rank: Elder

Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
Cde Monomotapa wrote:
Is it not skewed thinking that someone would borrow from a (devt) bank to expand their business (economy) only to stand back and smile at it? Fanyeni kazi! Lipeni deni, retain the rest.


hahaha nice rallying call.
Life is short. Live passionately.
Cde Monomotapa
#13 Posted : Tuesday, July 24, 2012 5:34:09 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
@sparkly I don't appreciate disconnected thinking. We are the very Kenyans enjoying improving infrastructure but to turn around and distance ourselves from where it comes from is either laziness or hypocrisy or just both! Instead, we should appreciate & find productive use for it in order to sustain the momentum - simple.
itz
#14 Posted : Friday, July 27, 2012 11:29:47 PM
Rank: Member

Joined: 3/20/2009
Posts: 348
Huge wage bills in store for counties
http://www.nation.co.ke/...8/-/muxa9az/-/index.html
dnn
#15 Posted : Saturday, July 28, 2012 9:00:29 AM
Rank: Member

Joined: 7/17/2006
Posts: 133
Have wondered why we need both the senate and parliament
vky
#16 Posted : Saturday, July 28, 2012 11:05:41 AM
Rank: Member

Joined: 6/17/2010
Posts: 572
government borrowing backed by the public will eventually consume us all but there is a lining, oil, if its viable
'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
Lolest!
#17 Posted : Sunday, July 29, 2012 8:48:49 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
dnn wrote:
Have wondered why we need both the senate and parliament

The Senate is part of parliament. Parliament will now have 2 houses: the Senate and the National Assembly. The Senate is an extra useless expense IMHO. Just one of the copy-paste blunders of the new law. Taxpayers should expect to feel the pinch around 2016 when the central govt leaves the county govts to manage their wage bill.
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
murchr
#18 Posted : Sunday, July 29, 2012 8:58:52 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Lolest! wrote:
dnn wrote:
Have wondered why we need both the senate and parliament

The Senate is part of parliament. Parliament will now have 2 houses: the Senate and the National Assembly. The Senate is an extra useless expense IMHO. Just one of the copy-paste blunders of the new law. Taxpayers should expect to feel the pinch around 2016 when the central govt leaves the county govts to manage their wage bill.


And as usual Kenyans will have voted in useless people who just want to have titles yet they have no idea what they are supposed to be doing. Pray
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
.
guru267
#19 Posted : Sunday, July 29, 2012 9:09:56 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
murchr wrote:
And as usual Kenyans will have voted in useless people who just want to have titles yet they have no idea what they are supposed to be doing. Pray


Form 4 leavers are allowed to make and enact Kenyan law! Sad
Mark 12:29
Deuteronomy 4:16
itz
#20 Posted : Tuesday, July 31, 2012 11:59:05 AM
Rank: Member

Joined: 3/20/2009
Posts: 348
Expect to pay more taxes so as to finance big government.Hopefully Kenyans realize soon how expensive the new system of govt. will be and try change it before we vote in new govt officials.You will never be able to reverse this once the first election takes place.


MPs threaten to censure Githae over ‘punitive’ Bill
http://www.nation.co.ke/.../-/k51vmgz/-/index.html

http://www.businessdaily.../-/q9imj2z/-/index.html

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