limanika wrote:Sk if govt defaults and can't borrow and can't pay teachers police doctors etc. They will print money and in Kenya you'll have civil war
You will be forgiven to think that Kenya as a country is already in dogs. Far from it if you ask me.
Let us rewind the clock back to 1993. The dollar jumped from ksh 54 to ksh 120 to a dollar. The inflation averaged something close 20%. The lending rates from the banks averaged around 35%. Maize floor, sugar and other common mwananchi foods were not in stock (i remember buying a kilogram of sugar @ksh 200 while the actual cost was supposed to be kshs 40). Salaries, OMG, a whole engineer earning kshs 5000. The previous year 1992 the government had printed money for dishing out and financing the elections (jirongo and ruto did very well in utilising the printed cash)
I am just laughing at your uncalled for worries. Compare the current economic parameters with those of 1993 and you might have a mind change.
Something else, way back in 1984, the worst drought and famine hit Kenya. People generally had money, but there was no food to buy! Despite that, we are still here!
...besides, the presence of a safe alone does not signify that there is money inside...