masukuma wrote:limanika wrote:@masukuma, if someone didn't raise the issue then it doesn't mean he can't raise it now. In any case it's not our job. But main idea in this post is that jubilee's borrowing is like a bachelor driving 180KPH without a care in the world, despite warning bridge just ahead has been demolished
it's pointless to raise it when you have already swallowed it! it's not productive! it's idle... especially if you noticed... hawa ndio wanatakikana kuambiwa..
Quote:OH PLEASE! JUST SHUT UP! ULIKUWA WAPI?
Only Mwai Kibaki, GBHS, understand economics. That's why for a time things were cool.
I find it funny that its the young who are so used to credit cards who think that borrowing is fun.
It is not funny to borrow....It just isn't.
I see some fools on this forum saying how they are doing better than the US coz sijui China or some other foolish thing.
Listen
If you borrow your loan for whatever shit you want to do at 18%. You are f***ed. Yaani there's actually a jubilee "blogger" who posted how stupid David Ndii is for imagining 40%.
Here is the life of math.
In Kenya to get a mortgage, or a loan I pay say the cheapest 16%.
Some guy, probably a baby wiping Kenyan, as long as they are in the USA, is paying maximum 5%.
Let the mathematicians come here and tell us....
Amongst the two who will be richer in 10 years?
That's the reason others get rich as we still listen to hashtags.
I'm broke in Kenyan standards. Will never enter a bank and surely never enter a bank to get a f***ing car loan at 20%.
But you never see me calling you.
Borrow cheap is how you make it. Surely in 2015. There are companies giving Kenyans 0% loans as we speak. Just f***ing google.
Now that was micro economics
Now here's macro and I'll say it before I'm dumped in some mass grave in Mandera.
We shall pay as a country all of us for this hashtag queens with sijui debt ratio math.
Debt ratio depends on production. If you don't produce you ain't talking about debt ratios.
That's why the factory in industrial area will get loans even for combing their hair while you don't get anything.
Economics purists believe that money can not be made with dreaming and plans. Money is made with production. That's why the roads were built with debt in the US. They were not meant to look nice vs the african roads. They were meant to give the unemployed jobs to build the roads and the producers a faster way to market.
SGR, what does it mean to you? But you still owe in your damn taxes.
I just bought my beer at 300 bob, I'm pissed with this gov't. Sorry.