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IMF: Kenya's economy self reliant, don't need EU
Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Oh my dear!!!! Are you really this naive??? If I were you I would take like a three week hiatus from this site coz your credibility is rapidly going down the drain. Have you ever travelled outside East Africa?? I shudder that you call yourself a guru yet your ideas are so naive, its laughable. How will the US government stop me from sending money? Do you know how many people live in the US? Do you know that even illegal immigrants can easily send money??So why would the US govt stop me from sending money?? How would they even start implementing that? I have like 4 bank accounts, do you think the US would be willing to waste their time monitoring my accounts which has miniscule amounts compared to the trillions they have? The more you talk, the dumber you sound. I told you I can send a duplicate ATM card to someone in Kenya, should Western Union stop its services (unlikely),I can assure you that the US govt has far more important things to do than to prevent me from sending a couple hundred dollars.In any case, I have rights that the US would have to overcome before stopping me from sending my cash. Actualy that would be a case that would reach the Supreme court, a very expensive process that the US govt would not want to be involved in. People like you are the reason why the west says that Africans' reasoning is like that of a three year old, lets hope we never have your likes leadings our institutions.
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Rank: New-farer Joined: 1/4/2013 Posts: 22
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Very interesting debate going on here. One truth of life is that "Men lie, women lie, but numbers don't ( or they rarely do anyway)" truth is, most of the country's budgetary expenditure is financed via taxes, exports and debt. so they ( the west ) basically bank roll our economy directly (loans, grants, Tbonds) or indirectly( trade). Its a sad fact of life and can even be termed unfair that their actions affect our lives, but they do. "he who pays the piper calls the tune" . in fact the current bull run at the NSE, is basically being driven by foreign capital inflows, that should tell us something, right? my point is this, we need to trade, we need capital, we need them ( the west) just as much as they need us. well, we might say that we dont need them (the West) coz we have got the East ( china, The BRICS etc) but we forget , the BRICS need the west. The west is the BRICS biggest trading partner ( read Market) and if your biggest customer says "NO/YES" i bet you would listen, right? take away message, "he who pays the piper calls the tune"
Dum vivimus, vivamus.
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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Nabwire wrote:So why would the US govt stop me from sending money?? How would they even start implementing that? The point is to restrict dollar flows to Kenya via remittances! Maybe its you who needs some exposure  www.fsa.gov.uk/Pages/Abo...l_crime/iran_banks.shtmlMark 12:29
Deuteronomy 4:16
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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You know what, you're just wasting my time now,you are quoting the freaking UK for me? Does anyone even care about the UK anymore? Your article talked about sanctions against banks incorporated in Iran, if I send an ATM card, ofcourse it would be of an American bank so there's no logic there. You are clutching on straws to save face. Kenya is such a small country in the grand scheme of things, why would the US go to all these lengths to ensure Kenyans dont send money to Kenya? So sell your pathetic propaganda to akina Mathenge ( no offense Mathenge)
New its not about not needing the west, its about doing business under our own terms, the same way they do business under their own terms.
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Rank: Veteran Joined: 7/5/2010 Posts: 2,061 Location: Nairobi
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Eish!!! The vitriol! Imezidi. ...obscures any good points that should come across. Please stop addressing each other for a while to cool the temperatures. 
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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Can someone educate me dispassionately how electing Uhuruto will bring US & Europe sanctions against Kenya.
I saw a clip recently where one of the European ambassadors was saying....they have never talked about sanctions..... that sanctions are a creation of the Kenyan Media.
How do these countries decide to put in place sanctions against another country? What is the process and Who makes the decision?
Does anyone have real examples of where sanctions against a whole country are in place and working and what these sanctions involve?
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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Liv wrote:Can someone educate me dispassionately how electing Uhuruto will bring US & Europe sanctions against Kenya. In the Virtual Republic of Wazau? Not a chance!!
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Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
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Liv wrote:Can someone educate me dispassionately how electing Uhuruto will bring US & Europe sanctions against Kenya.
I saw a clip recently where one of the European ambassadors was saying....they have never talked about sanctions..... that sanctions are a creation of the Kenyan Media.
How do these countries decide to put in place sanctions against another country? What is the process and Who makes the decision?
Does anyone have real examples of where sanctions against a whole country are in place and working and what these sanctions involve? @liv..maybe this can help http://www.reuters.com/a...u-idUSBRE91514220130206
(Reuters) - A European Union court has ruled that the EU should lift sanctions it imposed on one of Iran's largest banks, the second such judgment that could complicate Western efforts to increase pressure on the Islamic Republic. The ruling further weakens the EU's sanctions regime imposed against Iran's nuclear program, just weeks before six powers are due to resume stalled negotiations with Iran aimed at addressing fears that Tehran is seeking the bomb. In its ruling on Tuesday, the EU's General Court said the EU had failed to provide sufficient evidence that Bank Saderat was involved in Iran's nuclear program when the bloc targeted it with sanctions in July 2010. http://www.cbsnews.com/8...ons-are-doomed-to-fail/
It's been spearheaded by Iran and it's bound to translate into an anxious Washington, facing down not only a regional power, but its major strategic competitors China and Russia. No wonder all those carriers are heading for the Persian Gulf right now, though it's the strangest of showdowns -- a case of military power being deployed against economic power. In this context, it's worth remembering that in September 2000 Saddam Hussein abandoned the petrodollar as the currency of payment for Iraq's oil, and moved to the euro. In March 2003, Iraq was invaded and the inevitable regime change occurred. Libya's Muammar Gaddafi proposed a gold dinar both as Africa's common currency and as the currency of payment for his country's energy resources. Another intervention and another regime change followed. http://www.cbsnews.com/8...ions-are-doomed-to-fail/As Iron Sharpens Iron, So one Man Sharpens Another.
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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a4architect.com wrote:Liv wrote:Can someone educate me dispassionately how electing Uhuruto will bring US & Europe sanctions against Kenya.
I saw a clip recently where one of the European ambassadors was saying....they have never talked about sanctions..... that sanctions are a creation of the Kenyan Media.
How do these countries decide to put in place sanctions against another country? What is the process and Who makes the decision?
Does anyone have real examples of where sanctions against a whole country are in place and working and what these sanctions involve? @liv..maybe this can help http://www.reuters.com/a...u-idUSBRE91514220130206
(Reuters) - A European Union court has ruled that the EU should lift sanctions it imposed on one of Iran's largest banks, the second such judgment that could complicate Western efforts to increase pressure on the Islamic Republic. The ruling further weakens the EU's sanctions regime imposed against Iran's nuclear program, just weeks before six powers are due to resume stalled negotiations with Iran aimed at addressing fears that Tehran is seeking the bomb. In its ruling on Tuesday, the EU's General Court said the EU had failed to provide sufficient evidence that Bank Saderat was involved in Iran's nuclear program when the bloc targeted it with sanctions in July 2010. @a4architect.com,
many thanks.
I am aware of the sanctions against a number of individuals in Iran and Corporates that these people control or those perceived to be supporting the Iran Regime and the nuclear program. In fact I have seen the list with all these names.
However I am looking for a situation where sanctions have been put against the whole country such that no one in the country can do business with US and Europe.
This is because some people here have been insinuating that this will happen where sanctions will be put against every aspect of Kenya.
I wanted to understand if these people talking so passionately about sanctions are talking from knowledge or from ignorance.
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Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
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@liv..basically, the EU and American companies will sue their own govts for coming up with unreasonable directives so unless its a grave substansive issue such as nuclear, i doubt if EU and US can manage to win such cases if sued by their own citizens. http://www.reuters.com/a...u-idUSBRE91514220130206
"The Council (of EU governments) is in breach of the obligation to state reasons and the obligation to disclose to the applicant ... the evidence adduced against it," the court said in its ruling. The EU has severely tightened sanctions on Iran over the last two years, seeking to pressure it to curb the nuclear program it fears is aimed at creating atomic bomb capability, a charge Tehran denies.
More than 30 cases are still pending at the General Court, including ones filed by the Central Bank of Iran and the National Iranian Oil Company (NIOC). Those sanctions severely affected Iran's ability to export oil and carry out international financial transactions. EU diplomats, who fear the rulings could undermine the sanctions program, say they face the challenge of providing sufficient justification while not compromising intelligence sources when they are drafting sanctions lists. As Iron Sharpens Iron, So one Man Sharpens Another.
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IMF: Kenya's economy self reliant, don't need EU
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