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Of Kusema na Kutender and Economy Melt Down
Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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tycho wrote:limanika wrote:@ tycho countries like the USA and Japan are net exporters with very low unemployment rates. They borrow to finance projects which are implemented by citizens of the same countries so the money remains within to generate more income. In Kenya we're net importers, we borrow to pay debts or finance recurrent expenditure, and 30percent of this borrowed money is stolen. If we borrow to finance projects, the contractor and materials are sourced from donor country so most of the money goes back and on top we're left to pay the debt in full. To add insult to injury, we don't do overall cost benefit analysis for our projects I suppose this behavior is part of how the global economic system should be or how it's emerged to be in practice. Think about it, if the global economic system is both closed and pegged on one currency then it must follow that some countries will be net exporters and others, net importers. If this is true then our intuition regarding a new world order may be very important. For example a new world order may depend less on being pegged on a single currency like the dollar. How would the global financial and economic system look like? One perspective would be that of infinite resources, meaning less demand for corruption, and less expectation on government to provide public goods. It follows that we'd be better off if we quickly grasped the nwo and adapted our institutions to it ... don't say global economic again. Stick to the stories that don't have meaning. Hii global economic nonsense is going to be your undoing. oh boy, here goes another tycho moment. Thieves are not good people. Tumeelewana?
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Kratos wrote:hardwood wrote:My bank has written to me telling me they have increased my monthly loan repayment from 70k to 100k starting next month. Eti the increase was necessitated by increased government borrowing that has pushed the interest rates to 27pc, and the weakening of the shilling. Why the hell shouldn't i be very angry with this jubilee that is messing up my life? Unrelated to the topic on the thread... I thought banks increase the repayment period rather than monthly repayment amount in cases of increased interest rate? Its the same.
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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hardwood wrote:Kratos wrote:hardwood wrote:My bank has written to me telling me they have increased my monthly loan repayment from 70k to 100k starting next month. Eti the increase was necessitated by increased government borrowing that has pushed the interest rates to 27pc, and the weakening of the shilling. Why the hell shouldn't i be very angry with this jubilee that is messing up my life? Unrelated to the topic on the thread... I thought banks increase the repayment period rather than monthly repayment amount in cases of increased interest rate? Its the same. So everything is fine? Surely, ass kissing is an art. Thieves are not good people. Tumeelewana?
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Rank: Veteran Joined: 9/19/2011 Posts: 1,694
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hardwood wrote:Kratos wrote:hardwood wrote:My bank has written to me telling me they have increased my monthly loan repayment from 70k to 100k starting next month. Eti the increase was necessitated by increased government borrowing that has pushed the interest rates to 27pc, and the weakening of the shilling. Why the hell shouldn't i be very angry with this jubilee that is messing up my life? Unrelated to the topic on the thread... I thought banks increase the repayment period rather than monthly repayment amount in cases of increased interest rate? Its the same. Thanks for the clarification
“People will believe a big lie sooner than a little one, and if you repeat it frequently enough, people will sooner or later believe it.” ― Walter C. Langer
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Rank: Veteran Joined: 9/19/2011 Posts: 1,694
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alma1 wrote:hardwood wrote:Kratos wrote:hardwood wrote:My bank has written to me telling me they have increased my monthly loan repayment from 70k to 100k starting next month. Eti the increase was necessitated by increased government borrowing that has pushed the interest rates to 27pc, and the weakening of the shilling. Why the hell shouldn't i be very angry with this jubilee that is messing up my life? Unrelated to the topic on the thread... I thought banks increase the repayment period rather than monthly repayment amount in cases of increased interest rate? Its the same. So everything is fine? Surely, ass kissing is an art. I see alma the know it all "popular guy" on wazua whom all the ladies fall for is back eh?  Don't pee in your pants just yet, no one here was taking up a jubilee/Cord position like you think everyone is doing. Just a simple question ama nowadays people here have to ask for your permission to post?
“People will believe a big lie sooner than a little one, and if you repeat it frequently enough, people will sooner or later believe it.” ― Walter C. Langer
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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Kratos wrote:alma1 wrote:hardwood wrote:Kratos wrote:hardwood wrote:My bank has written to me telling me they have increased my monthly loan repayment from 70k to 100k starting next month. Eti the increase was necessitated by increased government borrowing that has pushed the interest rates to 27pc, and the weakening of the shilling. Why the hell shouldn't i be very angry with this jubilee that is messing up my life? Unrelated to the topic on the thread... I thought banks increase the repayment period rather than monthly repayment amount in cases of increased interest rate? Its the same. So everything is fine? Surely, ass kissing is an art. I see alma the know it all "popular guy" on wazua [b] whom all the ladies fall for is back[/b] eh? Don't pee in your pants just yet, no one here was taking up a jubilee/Cord position like you think everyone is doing. Just a simple question ama nowadays people here have to ask for your permission to post? That's why know why education is so expensive in Kenya. So you come here to look for women? Thieves are not good people. Tumeelewana?
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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Kratos wrote:hardwood wrote:Kratos wrote:hardwood wrote:My bank has written to me telling me they have increased my monthly loan repayment from 70k to 100k starting next month. Eti the increase was necessitated by increased government borrowing that has pushed the interest rates to 27pc, and the weakening of the shilling. Why the hell shouldn't i be very angry with this jubilee that is messing up my life? Unrelated to the topic on the thread... I thought banks increase the repayment period rather than monthly repayment amount in cases of increased interest rate? Its the same. Thanks for the clarification Yes. You end up repaying the same increased loan amount. Coz of jumbiree
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Rank: Veteran Joined: 8/25/2012 Posts: 1,826
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Middle class problems, you take out a loan, enjoy it and when it comes to pay you start shouting the government is messing you.
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Rank: Elder Joined: 7/10/2008 Posts: 9,131 Location: Kanjo
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sitaki.kujulikana wrote:Middle class problems, you take out a loan, enjoy it and when it comes to pay you start shouting the government is messing you. Achana nao. They need patience, Save buy a plot, save again and build. Mortgages is a rip. Next election they will find time to vote since they just make noise here and never show up to vote. ! i.am.back!!!!
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Rank: Elder Joined: 7/10/2008 Posts: 9,131 Location: Kanjo
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alma1 wrote:tycho wrote:limanika wrote:@ tycho countries like the USA and Japan are net exporters with very low unemployment rates. They borrow to finance projects which are implemented by citizens of the same countries so the money remains within to generate more income. In Kenya we're net importers, we borrow to pay debts or finance recurrent expenditure, and 30percent of this borrowed money is stolen. If we borrow to finance projects, the contractor and materials are sourced from donor country so most of the money goes back and on top we're left to pay the debt in full. To add insult to injury, we don't do overall cost benefit analysis for our projects I suppose this behavior is part of how the global economic system should be or how it's emerged to be in practice. Think about it, if the global economic system is both closed and pegged on one currency then it must follow that some countries will be net exporters and others, net importers. If this is true then our intuition regarding a new world order may be very important. For example a new world order may depend less on being pegged on a single currency like the dollar. How would the global financial and economic system look like? One perspective would be that of infinite resources, meaning less demand for corruption, and less expectation on government to provide public goods. It follows that we'd be better off if we quickly grasped the nwo and adapted our institutions to it ... don't say global economic again. Stick to the stories that don't have meaning. Hii global economic nonsense is going to be your undoing. oh boy, here goes another tycho moment. File for bankruptcy dammit! I am tired of your whining! i.am.back!!!!
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