pesa inakuja, nabii is overworking

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Othello

Elder Lister
On matters ksh overvaluation, it's worth noting they have been saying it since 2018. It is possible it was being propped artificially till they could not hold any longer in 2022. Anyway, it's a matter we have discussed extensively
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A

algorithm

Lister
Othello said:
I think you are basically a deep fried fool. I repeat, you only approach IMF if you have no other option. They lend you money with very tough preconditions and you have no chance for argument. It's the deep dark hole that Uhuru put us in when you were singing hosanna to him.
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Have the chinese complained that we have not paid their debts? Why is the the IMF shouting the loudest about our chinese loans while the chinese themselves have not complained about any arrears or our repayment capability? This is like a shylock complaining about your Equity bank loan and offering "to help" while Equity bank itself has no issue with your loan and servicing. Kumbe shylock ako biashara. FYI uhuru never defaulted on any loan repayments including kibaki's debts eg ile ya thika rd, ol karia geothermal etc.
 
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O

Othello

Elder Lister
Othello said:
On matters ksh overvaluation, it's worth noting they have been saying it since 2018. It is possible it was being propped artificially till they could not hold any longer in 2022. Anyway, it's a matter we have discussed extensively
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Yaaas, the allegations that they used to prop up ksh artificially are true. That's why they couldn't acc for eurobond. This thing was really over valued, ikifika kwa IMF inabidi mtoe hardbreak
 
Mwalimu-G

Mwalimu-G

Elder Lister
algorithm said:
So you owe 9 trillion shillings. Then IMF comes along to "help" you manage the debt and gives you 1.8 trillion but on condition that you devalue your shilling by 50%. And due to the devaluation, your 9 T debt now shoots to 9+4.5=13.5 T. If you deduct the IMF "help" your total loan is now 13.5-1.8= 11.7 trillion. The IMF came to help you pay a 9 T loan but left you with a 11.7 T loan. And the IMF 1.8T still has to be repayed with interest. What kind of stupidity is this?
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Then they tell you to stop speaking to China...or else...
 
Mwalimu-G

Mwalimu-G

Elder Lister
Othello said:
I think you are basically a deep fried fool. I repeat, you only approach IMF if you have no other option. They lend you money with very tough preconditions and you have no chance for argument. It's the deep dark hole that Uhuru put us in when you were singing hosanna to him. This is the debt profile.

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How else do we raise that 1T+ to pay the debt if not from borrowing, and of which it's only IMF can lend you? If it was you, how would you pay the eurobond investors back? Or do you prefer defaulting the Sri Lanka/Ghana way? Mind you, even when you default, there's still only one creditor who can lend you.
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Sawa, Mr Ndii.
 
T

The.Black.Templar

Elder Lister
Staff member
algorithm said:
So you owe 9 trillion shillings. Then IMF comes along to "help" you manage the debt and gives you 1.8 trillion but on condition that you devalue your shilling by 50%. And due to the devaluation, your 9 T debt now shoots to 9+4.5=13.5 T. If you deduct the IMF "help" your total loan is now 13.5-1.8= 11.7 trillion. The IMF came to help you pay a 9 T loan but left you with a 11.7 T loan. And the IMF 1.8T still has to be repayed with interest. What kind of stupidity is this?
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So what is your solution? Government makes money through debt and taxes...choose your poison
 
O

Okiya

Elder Lister
The.Black.Templar said:
Didnt uhuru tell us that we can compare ourself to Japan? Currently one Japan yen is equal to one shilling
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That was foolish of him.

Going forward, I want to advise you to be objective. The mindset you have of Seeing no evil, speaking no evil hearing no evil about the person you voted for will never move Kenya forward
 
T

The.Black.Templar

Elder Lister
Staff member
Okiya said:
That was foolish of him.

Going forward, I want to advise you to be objective. The mindset you have of Seeing no evil, speaking no evil hearing no evil about the person you voted for will never move Kenya forward
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I also adviced you to not be a perpetual complainer seeing everything bad about the person you did not vote for...that will never move the country forward
 
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