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Which way 2017?
Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Kaigangio wrote: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! The hyping is a product of 25-35 youth born in 1980-1990 and haven't seen your words in their mid life. These are young people with very great ambitions, read great ambitions produce frustrated men. Youths who are speeding up Maslow's hierarchy and want to reach Self actualisation before fulfilling basic needs. Their "get increasingly and continuously rich quickly" mentality. Sucked into their peer pressures, Western cultures and "imported quality" lifestyle. All "we" think is extremes; too good or too bad, balancing three sides of the coin is a problem. For sure we shall go through this.Moi's state was worse and Kenya waded through. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Chief Joined: 5/9/2007 Posts: 13,095
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Just wondering what exactly Uhuru will tell the Nation in a few hours time...Where is his leadership, if he has any, when the country seems to cry so much for some?
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Rank: Veteran Joined: 8/25/2012 Posts: 1,826
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tycho wrote:sitaki.kujulikana wrote:limanika wrote:Sk don't be like the parent who turns a blind eye every time the kid comes home with stolen bread. You need to reprimand if they change well and good. Otherwise just wait to buy bread at 500 shillings very soon My point of view is that, the economy does not play part in the elections, not because it is not important, but because growth of the same only benefits a handful. if bread hit 500 bob it would not be of concern to many, since they can not even afford bread at 50bob. Even in zimbabwe, the majority did not feel the pinch of the economic collapse, well, they had to carry around big bunch of notes but to the majority the lifestyle was not affected much. Is Zimbabwe a good example? A head to head comparison in the context of debt repayment puts Zimbabwe in a better position in terms of effects on the common citizen. Experiencing inflation isn't the same as being bankrupt, is it? no it is not, moving cash in wheelbarrows looking for someone to accept it vs having none in your pocket can never be the same. but the common thing is that the search is all the same daunting, one searching for someone to accept your enormous cash, and the other searching for someone to give you some. Same thing.
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Rank: Veteran Joined: 9/21/2011 Posts: 2,032
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Seems people don't understand the tragedy we're in... in 90s mo1 was wise not to borrow helterskelter . The dynamic duo have no institutional memory from the 90s. If mo1 was still in power I would sleep more comfy.
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Rank: Elder Joined: 2/27/2007 Posts: 2,768
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limanika wrote:Seems people don't understand the tragedy we're in... in 90s mo1 was wise not to borrow helterskelter . The dynamic duo have no institutional memory from the 90s. If mo1 was still in power I would sleep more comfy. You clearly don't know what you are talking about...by the time Kibaki was taking over from Moi in 2002, the revenue collection was barely ksh 200 billion (compared to todays ksh 1200 billion!!) and economic growth of -0.1% (this year the economy is growing at more than 5%). If there was a time when Kenya almost defaulted on its external debt, it was during Moi's tenure (around 2000)…the mere near declaration that the country was broke and might be unable to service her debts cost one Masakharia (Finance minister) his job... Since numbers don't lie, could you please give us yours and we will understand what you are trying to tell us and what your concerns are. ...besides, the presence of a safe alone does not signify that there is money inside...
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Rank: Elder Joined: 3/19/2010 Posts: 3,505 Location: Uganda
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Kaigangio wrote:limanika wrote:Seems people don't understand the tragedy we're in... in 90s mo1 was wise not to borrow helterskelter . The dynamic duo have no institutional memory from the 90s. If mo1 was still in power I would sleep more comfy. You clearly don't know what you are talking about...by the time Kibaki was taking over from Moi in 2002, the revenue collection was barely ksh 200 billion (compared to todays ksh 1200 billion!!) and economic growth of -0.1% (this year the economy is growing at more than 5%). If there was a time when Kenya almost defaulted on its external debt, it was during Moi's tenure (around 2000)…the mere near declaration that the country was broke and might be unable to service her debts cost one Masakharia (Finance minister) his job... Since numbers don't lie, could you please give us yours and we will understand what you are trying to tell us and what your concerns are. Kagizzard of the ksh200b how much was going to debt repayments in 2000 punda amecheka
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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newfarer wrote:Kaigangio wrote:limanika wrote:Seems people don't understand the tragedy we're in... in 90s mo1 was wise not to borrow helterskelter . The dynamic duo have no institutional memory from the 90s. If mo1 was still in power I would sleep more comfy. You clearly don't know what you are talking about...by the time Kibaki was taking over from Moi in 2002, the revenue collection was barely ksh 200 billion (compared to todays ksh 1200 billion!!) and economic growth of -0.1% (this year the economy is growing at more than 5%). If there was a time when Kenya almost defaulted on its external debt, it was during Moi's tenure (around 2000)…the mere near declaration that the country was broke and might be unable to service her debts cost one Masakharia (Finance minister) his job... Since numbers don't lie, could you please give us yours and we will understand what you are trying to tell us and what your concerns are. Kagizzard of the ksh200b how much was going to debt repayments in 2000 @newfarer Kaigangio supports HIS argument with his facts. You are the one to provide your contrary with your own facts "External Debt in Kenya increased to 1473.14 KES Billion in July from 1408.61 KES Billion in June of 2015. External Debt in Kenya averaged 576.63 KES Billion from 2000 until 2015, reaching an all time high of 1473.14 KES Billion in July of 2015 and a record low of 361.73 KES Billion in May of 2003. External Debt in Kenya is reported by the Central Bank of Kenya." http://www.tradingeconom...com/kenya/external-debt
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 2/27/2007 Posts: 2,768
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Boris Boyka wrote:newfarer wrote:Kaigangio wrote:limanika wrote:Seems people don't understand the tragedy we're in... in 90s mo1 was wise not to borrow helterskelter . The dynamic duo have no institutional memory from the 90s. If mo1 was still in power I would sleep more comfy. You clearly don't know what you are talking about...by the time Kibaki was taking over from Moi in 2002, the revenue collection was barely ksh 200 billion (compared to todays ksh 1200 billion!!) and economic growth of -0.1% (this year the economy is growing at more than 5%). If there was a time when Kenya almost defaulted on its external debt, it was during Moi's tenure (around 2000)…the mere near declaration that the country was broke and might be unable to service her debts cost one Masakharia (Finance minister) his job... Since numbers don't lie, could you please give us yours and we will understand what you are trying to tell us and what your concerns are. Kagizzard of the ksh200b how much was going to debt repayments in 2000 @newfarer Kaigangio supports HIS argument with his facts. You are the one to provide your contrary with your own facts "External Debt in Kenya increased to 1473.14 KES Billion in July from 1408.61 KES Billion in June of 2015. External Debt in Kenya averaged 576.63 KES Billion from 2000 until 2015, reaching an all time high of 1473.14 KES Billion in July of 2015 and a record low of 361.73 KES Billion in May of 2003. External Debt in Kenya is reported by the Central Bank of Kenya." http://www.tradingeconom...com/kenya/external-debt
@Boris wachana na hawa vijana, they are only making noise with no iota of prove on their arguements. @Newfarer, what i know and remember is that in the year 2000 the ratio of the external government dept to gross domestic product was around 80% and that more than ksh 120 billion was going to servicing of the debt leaving a paltry kshs 80 billion which was used entirely on recurrent budgets…no development. No wonder the government could not maintain the existing infrastructure. Just tell me how many new roads, hospitals, dams or even schools were constructed between 1993 to 2000? As of 2015 the ratio of external government debt to gross domestic product is around 57%. Not so bad for an abitious third world country. ...besides, the presence of a safe alone does not signify that there is money inside...
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Rank: Member Joined: 1/15/2015 Posts: 681 Location: Kenya
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Kaigangio wrote:Boris Boyka wrote:newfarer wrote:Kaigangio wrote:limanika wrote:Seems people don't understand the tragedy we're in... in 90s mo1 was wise not to borrow helterskelter . The dynamic duo have no institutional memory from the 90s. If mo1 was still in power I would sleep more comfy. You clearly don't know what you are talking about...by the time Kibaki was taking over from Moi in 2002, the revenue collection was barely ksh 200 billion (compared to todays ksh 1200 billion!!) and economic growth of -0.1% (this year the economy is growing at more than 5%). If there was a time when Kenya almost defaulted on its external debt, it was during Moi's tenure (around 2000)…the mere near declaration that the country was broke and might be unable to service her debts cost one Masakharia (Finance minister) his job... Since numbers don't lie, could you please give us yours and we will understand what you are trying to tell us and what your concerns are. Kagizzard of the ksh200b how much was going to debt repayments in 2000 @newfarer Kaigangio supports HIS argument with his facts. You are the one to provide your contrary with your own facts "External Debt in Kenya increased to 1473.14 KES Billion in July from 1408.61 KES Billion in June of 2015. External Debt in Kenya averaged 576.63 KES Billion from 2000 until 2015, reaching an all time high of 1473.14 KES Billion in July of 2015 and a record low of 361.73 KES Billion in May of 2003. External Debt in Kenya is reported by the Central Bank of Kenya." http://www.tradingeconom...com/kenya/external-debt
@Boris wachana na hawa vijana, they are only making noise with no iota of prove on their arguements. @Newfarer, what i know and remember is that in the year 2000 the ratio of the external government dept to gross domestic product was around 80% and that more than ksh 120 billion was going to servicing of the debt leaving a paltry kshs 80 billion which was used entirely on recurrent budgets…no development. No wonder the government could not maintain the existing infrastructure. Just tell me how many new roads, hospitals, dams or even schools were constructed between 1993 to 2000? As of 2015 the ratio of external government debt to gross domestic product is around 57%. Not so bad for an abitious third world country. The US got ambitious in the 1800's, maintained their debt to GDP ratio post 100% all along (currently at 118%), became super power, and I haven't heard IMF or WB complain.
60% Learning, 30% synthesizing, 10% Debating
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Thitifini wrote:Kaigangio wrote:Boris Boyka wrote:newfarer wrote:Kaigangio wrote:limanika wrote:Seems people don't understand the tragedy we're in... in 90s mo1 was wise not to borrow helterskelter . The dynamic duo have no institutional memory from the 90s. If mo1 was still in power I would sleep more comfy. You clearly don't know what you are talking about...by the time Kibaki was taking over from Moi in 2002, the revenue collection was barely ksh 200 billion (compared to todays ksh 1200 billion!!) and economic growth of -0.1% (this year the economy is growing at more than 5%). If there was a time when Kenya almost defaulted on its external debt, it was during Moi's tenure (around 2000)…the mere near declaration that the country was broke and might be unable to service her debts cost one Masakharia (Finance minister) his job... Since numbers don't lie, could you please give us yours and we will understand what you are trying to tell us and what your concerns are. Kagizzard of the ksh200b how much was going to debt repayments in 2000 @newfarer Kaigangio supports HIS argument with his facts. You are the one to provide your contrary with your own facts "External Debt in Kenya increased to 1473.14 KES Billion in July from 1408.61 KES Billion in June of 2015. External Debt in Kenya averaged 576.63 KES Billion from 2000 until 2015, reaching an all time high of 1473.14 KES Billion in July of 2015 and a record low of 361.73 KES Billion in May of 2003. External Debt in Kenya is reported by the Central Bank of Kenya." http://www.tradingeconom...com/kenya/external-debt
@Boris wachana na hawa vijana, they are only making noise with no iota of prove on their arguements. @Newfarer, what i know and remember is that in the year 2000 the ratio of the external government dept to gross domestic product was around 80% and that more than ksh 120 billion was going to servicing of the debt leaving a paltry kshs 80 billion which was used entirely on recurrent budgets…no development. No wonder the government could not maintain the existing infrastructure. Just tell me how many new roads, hospitals, dams or even schools were constructed between 1993 to 2000? As of 2015 the ratio of external government debt to gross domestic product is around 57%. Not so bad for an abitious third world country. The US got ambitious in the 1800's, maintained their debt to GDP ratio post 100% all along (currently at 118%), became super power, and I haven't heard IMF or WB complain. Contrary to kenya, US was investing in production of machinery equipment,investment in infrastructure and agricultural production.In Kenya, we are borrowing to pay off debts If Obiero did it, Who Am I?
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