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Post by jakaswanga on May 3, 2016 23:01:36 GMT 3
Luoldeng vindicated in cutting Dr. Patrick lots of slack? Here is what the veteran Jukwaaist said on december 7 2015
Taking matters into his own hands, he has facilitated -or pushed on the confiscation of the 8bn worth properties and accessories attributed to the Chase banking heist. To back up his tough stance, he is also assembling a legal team to propose stiff and punitive laws to arrest financial malfeasance, at least in the banking sector. This he told the relevant parliamentary committee.
Nairobi is going to no banking capital of anywhere if bank managers/directors/CEO's in cahoots with the regulators, loan themselves even the bank's principle, and thereby sink the enterprise, with the fraud units, apart from a compromised regulator, complicit too.
Njoroge is doing common sense, just common sense, nothing extraordinary. But Kenya is not normal, it is a notorious republic of graft, therefore a man like Njoroge is a jewel. A national treasure to be jealously guarded.
But, and here is the catch, for the laws the CBK is going to propose to take effect, Mpigs will have to be in the act. After all these are the ingredients of the legislative assembly or due process. And these creatures are a breed apart --greedy hogs! I do not put it past them to demand their pound of flesh first, just like we see in their foot dragging in the Gender bill. They are addicted to fat rates of bribe to do their job. It is therefore a real possibility the crocodiles and hyenas who own .ke will bribe the election-cash-strapped Mpigs to sabotage financial progress as envisaged by Dr. Njoroge. In other words Dr. P. needs to be declared, in addition to a national treasure, an endangered, rare species to be supported, protected, nurtured before poisonous slime like PM Joseph Kinyua do to him what the creep Chris Murungaru $co did to John Githong'o. --Neutralise and run out of town.
And what did Githong'o do!? Nothing extraordinary really. He just commissioned a thorough audit. ABC stuff really. And a whole regime nearly fell. (I still smile remembering current Machakos governor Alfred Mutua on that Kroll report! What pitiful of Kalonzo Musyoka that a man like Mutua challenges him!)
Anyway that is another story.
Att the top, Uhuru Kenyatta's loyalties are well known in this fight against corruption. For one he is Keyser Soze owned, for two he is himself the beneficiary of the use of state power to fraudulently and corruptly accumulate. Laws which confiscate proceeds of plunder once enacted, contain the risk of being backdated too. Current Germany is still paying reparations for art works the NAZIs of the defunct third Reich robbed off especially Jews. In Jurisprudence it would appear material compensation of stolen valuables or reclamation of stolen lands can be backdated centuries, let alone a few decades.
The Ndung'u report and land, if it were to be a basis of land rights!? Who knows how much land the Kenyatta's would have to give back by confiscation?
Another point to prove Uhuru is not serious is simply by looking at his behaviour when he faced a career-ending jam, and compare with how he goes about the fight against corruption. He chose some of the best QC's to fight his corner at the ICC while, at home, it was open hunting season on any would-be Mungiki turncoat witness. Ruthless, cold-blooded, daylight executions. No room for doubt.
But when it come to corruption, the son of Jomo is a mere domodomo mad man at the market. Giving directions left and right which not even a lame dog bothers to attend. His heart is not in it, there is no grit in his manner, there is no cold and ruthless glint which would inform say a public properties' glutton like his running mate and deputy William Ruto, that his indulgence in corruption is a dead-end. Nobody in the land docket would dare, Ndung'u report in hand, confiscate irregularly acquitted plots, the way CBK has done with the wealth of the Chase bank directors!
Just shows the calibre of Patrick Njoroge, but worse, illustrates the compromised mediocrity of Charity Ngilu, Jacob Kaimenyi, Amos Kimunya, James Orengo, Keriako Tobiko, Githu Muigai
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Nothing beats common sense I say! Common sense is do the right thing. For a top cop, say like Ndegwa Muhoro, that would be catch a big thief once a week! For Keriako Tobiko, prosecute one thief successfully every week! For Githu Muigai, stop worrying about atheists, fashion a bill to stop thieves of parliamentary immunity!
Common sense only!
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Post by jakaswanga on May 8, 2016 14:54:31 GMT 3
A NORMAL STEP FOR A COMPETENT MAN, A GIANT LEAP FOR KENYA!This will be an opportunity to discuss elementary competence. Genius is daily diligence at work. Competence is just doing what one is trained to and suppose to do, and is paid to do, daily. No French leaves, no malingering, no loitering, no lateness; just cold mechanical efficiency and routine quick. ---Try otherwise and your railway lines will be overgrown by bush; your buildings will collapse in rain; your new super highway too; exams will be leaked; hospitals turn into morgues, and your state show definite symptoms of morbid dysfunction. --Even collecting garbage and sweeping streets become impossible challenges! ### see FOOTNOTE. In this background, a normal man at work is an awe! Let us take a look! For Chase Bank to re-open, the defrauded cash was traced, properties confiscated, and the 'said money plugged back into the bank!' ---all that in the 3 weeks in which the bank was closed. Now, I like to do the micro logistics of visible results. That is the legwork or paperwork or hourly, daily tedium of getting work done. Any work. One has to admit Njoroge and his team went to work in this case. But those who have earned keep in competitive environments know this is what normal people do: go to work and get work done. Howbeit when that happens the result is visible. (eg military dictatorship South Korea industrialises in 25 years to super stardom, while authoritarian KANU Arap Moi sinks Kenya in the same period to mud.) www.standardmedia.co.ke/mobile/article/2000200007/crackdown-on-rogue-banks-will-not-spare-former-current-central-bank-of-kenya-staff 1. how long has Githu Muigai been working on a law to confiscate cash and properties bought from monies stolen from the public? 2. How many prosecutions has the anti corruption bodies (eg Ethics and Anti-Corruption Commission) succeeded in? (etc etc) Here is a clue And to have an idea why such existent ant-corruption laws are RARELY USED, look who Githu Muigai has been listening to. When a fella is malingering on the job, the results can not be covered up. Because they are zero. But how old is the RARELY USED LAW of the first quote? --The authority invoked the proceeds of crimes and anti-money laundering rules, which prohibits the transfer or disposal of properties acquired through fraudulent means. --- Now, if fellows were to be serious at work, consider the combined administrative and mental fire-power of AG Githu Muigai working in coordination with CJ Wily Mutunga, purpose, clean up the legal hurdles against the recovery of looted state and public property, up to and including the Ndung'u report! What would you get at the end of one working week!? (Ha-haha! Some people have no idea what the ndung'u report is!) These are the communiques of people malingering at work. I am told there is money promised from Sweden and the USA and that is why some bureaucrats in Nairobi are singing different tunes, preparing to be recipients! www.attorney-general.go.ke/index.php/swedish-government-pledges-mutual-legal-aid-to-kenya/ www.capitalfm.co.ke/news/2016/04/us-pledges-mutual-legal-assistance-kenya/ Patrick Njoroge whistled to work for three weeks and recovered 8 billion ksh! I have to think of the Mpig Ababu Namwamba as chairman of PAC. One of the most brilliant politicians of his generation did not recover a single cent for Wanjiku in two years of work! (we need define that term!) Man! What else can I say!? I will just whistle Kenya nchi nzuri hakuna matata as i saunter towards the classroom. If I don't, anger could condense in my blood, and my heart grow cold, full of venom like the millions of African youth recognising their doom in the daily political economy of Africa, rising or sinking, they stay sunk at the bottom. I am too old to be angry. Mine is to report, telling stories under the shade of the tropical trees, as is the traditional job description of old men in Africa! ##FOOTNOTE: morbid dysfunction. --Even collecting garbage and sweeping streets become impossible challenges! By that I mean it needs Sweden and the USA to help Kenyans catch, expropriate and prosecute pickpockets of the NYS and the other local financial scandals!?that is morbid in 2016 yawa! mano wiwa otow!So I will be back. With more stories! beautiful flowers do grow on morbid mounds!
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Post by jakaswanga on May 8, 2016 21:16:39 GMT 3
Remembering the notorious Dr. David Ndii and the stupid response to one of his missives by the graft Queen who was then billed as the highest performing Jubilee minister, Anne Waiguru, I have been tapping my nose in expectation, cheerfully waiting for a hurl of thunderbolt from the skies of Olympian Zeus, to put at rest the controversy.Which controversy?The terrible Dr. Ndii (who in his private time peers at beans and beads on a goats-kin for zodiac signs of unhappy marriages) had a figure he staked his analytical reputation on. His professional reputation I propose. Many joyriders jumped on the bandwagon of his brainy work and summarised Anne Waiguru on another case had trashed his Oxfordian earned keep as nothing but an impotent big Negro phallus of laughable performace, and the treasury babes Henry Rotich and Kamau Thugge more or less knowingly giggled along! But my instincts of survival told me to beware of silent guns before hoisting the flag of victory on the battlefield. The real artillery of calibre had not yet coughed. Why? I needed to find out where the battery was tuned in aim. .... To which purpose
... I have been scouring around open sources to unearth a categorical Dr. Patrick Njoroge in his capacity as CBK pinnacle, and operational Yale alumni, giving the Eurobond accounting statements as issued by the treasury, a clean bill of health.Yap. The nearest I came was this stuff No kidding. In an 'unsigned' statement published by the local dailies? And no where is the Opus Dei Maestro quoted in person, in officio!? And this is about billions of taxpayer's money. I am game yawa! Let me continue the hunt; and don't let it turn out a wild goose chase dear Lord. I am afraid I am the kind of doubting Tom who would rather a Kroll&Kroll-like certified forensic accounting detail. But even then, my instincts are still very very shy. Many bites remembered. Fact is reputable accounting houses are ever corruptible and, in deed, more often than not provenly corrupted, such that I would prefer an alternative, independent control house/watchdog for a second/third opinion. I am that much of a Thomas the Doubter, not only because Kenya has a well-earned reputation as a Great power in the Big league of graft, but also because would-be reputable houses (institutes like credit rating bureaus) have been caught in the act of fixing. And so too have many other leading power houses of the international order. It is a predator's jungle out there! Here is (1) a clue about how compromised overrated cannons can be 'poor practices from the past!' railed ESMA! In clear language it means the American agencies fiddled the ratings deliberately. It was to conform with American business interests, though some implied it was specifically in concert with American geo-political interests. It is also called economic warfare by other means. The EU and USA are allies, but there can only be one top dog, -- (and b!tches can be seduced, for instance by bone called asia Industrial and infrastructure investment bank dangled from Beijin1) (2). Those who have followed international banking frauds --of banks like HSBC, Barclays, GoldmanSachs, will of course recognise for a fact, that these kinds of systematic and institutionalised fraud (like the Libor scandal) can not be committed without the collusion of the so-called international accounting agencies, oversight authorities, high political patrons and entrenched bureaucracies, state or private sector. It is --talk about Greece--- a rigged game all the way. and now that we are squeezing the juice, let us see if there is more where that came from. Audit failures by a reputable accounting buro. Was that the tale of Chase bank and Delloitte in Nairobi!? And the central bank of England was involved in the Libor scandal!? a bit like Njuguna ndung'u and imperial bank or what1? I think the point is now established. Accountants anywhere are accountants everywhere. They take bribes just like the famous Kenyan traffic cop from Kiganjo, aka Harvard! Only of course some prostitutes charge higher for the same seedy service! Mesays: the Kenyan accountant and Kenyan lawyer facilitating for instance the NYS heist, NBK looting, Imperial Bank plunder, NSSF theft, is to an extent just the local variant of a global phenomenon like the Panama papers. Organised white collar crime sanctioned by power elites. It is not for nothing accountants are next to carpenters in historical infamy, and lawyers next to Lucifer. When the carpenters fashioning the cross on which Jesus was to be crucified were asked if they knew this one for the son of God, they shrugged routinely: 'we only know we are being paid a dime as usual. If the culprit is a god-son, I guess the wood and nails should be more stout! lest he summon the power to break free!' That is all that bothered the carpenters. Accountants are apparently equally mercenary and free of moral qualms. The same ones who cook your books are the same ones you want to uncook the figures. But yes, you row with the oars you have. One only need not be stupid enough to believe ones ores are the best in the world, or the best one can get at that price. Police work does not seem able to cope with financial malfeasance, global or local! --somebody help me wonder why please! Pause.
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Post by jakaswanga on May 10, 2016 23:29:50 GMT 3
Remembering the notorious Dr. David Ndii and the stupid response to one of his missives by the graft Queen who was then billed as the highest performing Jubilee minister, Anne Waiguru, I have been tapping my nose in expectation, cheerfully waiting for a hurl of thunderbolt from the skies of Olympian Zeus, to put at rest the controversy.Which controversy?The terrible Dr. Ndii (who in his private time peers at beans and beads on a goats-kin for zodiac signs of unhappy marriages) had a figure he staked his analytical reputation on. His professional reputation I propose. Many joyriders jumped on the bandwagon of his brainy work and summarised Anne Waiguru on another case had trashed his Oxfordian earned keep as nothing but an impotent big Negro phallus of laughable performace, and the treasury babes Henry Rotich and Kamau Thugge more or less knowingly giggled along! But my instincts of survival told me to beware of silent guns before hoisting the flag of victory on the battlefield. The real artillery of calibre had not yet coughed. Why? I needed to find out where the battery was tuned in aim. .... To which purpose
... I have been scouring around open sources to unearth a categorical Dr. Patrick Njoroge in his capacity as CBK pinnacle, and operational Yale alumni, giving the Eurobond accounting statements as issued by the treasury, a clean bill of health.Yap. The nearest I came was this stuff . Yesterday I said 'tinda pooodi'. A long long time ago, before the world started, the classical formula for ending a long tale in Dholuo went like 'TINDA ADONG ADONG AROM GI BAO MAN KANERA! It translates to something like: and so it was, AMEN, may I grow taller than the eucalyptus at my maternal grandmother's home!It is a hint at a pressure cooker. But that is another story. When one tackles stuff like a Eurobond (debt uppity by other words) issued by a third world country -one rebated by fudged statistics to middle income status, and in the background are actors like the American Banking Great Whites like MorganStanley, all in concert with desperate capo institutes like the IMF who enforce a shake and strip and expropriators racket on behalf of imperial capital, the unfolding instalments are nothing less than episodes of an epic. --You know, something like the chronicles of the Ring (Lords of), or even a bloody affair like the Trojan war according to the Homeridae. And I have to say it, Star Wars! NB: Muamar Gaddafi's death-scene is worthy a Homeric turn of phrase in the Iliad, seeing they dragged his body like Achilles did Hektor: and deep with force unto his posterior did they poke the sharp stake, there to have the intestines perforate, to ooze blood and dung and more, infesting the air around his killers with the filthy stench of their psychopathology. And far away in high DC did the scene bring much pleasure to the godess of death Hilary C., even as the son of Zeus himself, the godlike Obama, twitched his nose in fake distaste! he had done Osama in, now another was done! His score card would be famous in history!Just kidding! Anyway I was still concentrating on David Ndii versus Patrick Njoroge. Being male, sexist and the rest of those old fashioned things which a Hilary Clinton presidency will firmly deal with if not vanquish forever, I was keeping Sarah Elderkin out of earshot, may be washing dishes in the kitchen where, having dismissed Anne Waiguru's attempt at toe-to-toeing with Ndii as outrageously stupid, I had banished the former queen to. Asking for light duties can interpret to kitchen and bedroom duties, if my opinion is asked. But Sarah is not Anna. Sarah is a bomb, and when she is minded to explode, I am not too sure if Opus Dei discipline combined with Yale doctorals are enough bomb shelter. Something has to give. Either Elderkin is mistaken or Patrick Njoroge's silence is duplicituous. ---- Women! Here is what I am talking about! I for one is under no illusions. The IMF is another process engineer to the looting machine. The IMF facilitates the heist in the main. And they own Patrick Njoroge, no!? (I am thinking of colonel Trautman and Rambo in this scene jukwaa.proboards.com/thread/8542/re-imf-kenya-trojan-horse Let us say Kenya is an IMF experimental case, a forensic. A study. Why doe the IMF need that!? To keep in the game. It has been declining of late. Greece, Ukraine, open ended disasters! Few economists of repute in the West bother to listen to Christin Lagarde. IMF needs an overhaul. And desperate times
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Post by jakaswanga on May 14, 2016 16:09:10 GMT 3
THE RACKET OF THE IMF EXPOSED!What is the International Monetary Fund (IMF) up to? The versatile Sarah Elderkin amasses some theatrical pomp as she asks This soul-searching is after she uncovered a book-cooking scandal officiated by none other than the IMF! A bandit economy needs bandit patrons, no!? Some will be old enough to remember everybody who was ever anybody at the Nairobi treasury -Even current premier Joseph Kinyua----- worked for the IMF, except Mwai Kibaki of course! But we save that later laughs! For the moment let us stay with the stuff bothering Sarah. This is where the game is neat. The IMF is an experienced facilitator and fixer. and as bloody as they get. Here is a hint: Greece. (And I remember imploring young Kenyans long ago to study the Greek debt crisis. Countless precedents would be established for future debt crises!) FROM PAPANDREAU TO TSIPRASGreece has received staggering amounts of bailout cash. That is officially by the books. Uncooked. But wonder above wonder, none of this cash ever saw the Central Bank perched on an Athenian hill; or, to put it the other way round, the Greek Central Bank never saw single a cent of the bailout dough. The bailout left the ECB (European central bank in Frankfurt) directly to the accounts of the creditor banks -in France, Germany, Holland, etc. In other words the ECB was bailing out Northern banks badly exposed in Greece!NB: These days of electronic banking it is more like a bank adds zeros to its accounts. Actual physical printing and transporting of bulk is very limited in 'retiring' (over mature) capitalist economies. The role of the Greek treasury is/was to sign papers saying Greeks (born and yet to be born) will pay back with interest whatever it takes, otherwise the creditors (would) have the right to take whatever they want whenever they want! (the sexiest Greek women included!) The Greeks of course spent the money in questionlong ago. Nobody is stupid enough to loan them new money on the promise of future repay ---there is someething called national/racial profiling you know! But the drachma clowns can get a pittance to survive on, if they sell even their historic graveyards to land speculators from afar! It is called pillage, and The Wolf does not mind his Nazi profile in Greece! So, of course Sarah knows what the IMF game in town is. Kenya is hyped as one of the strongest economies of the Subsahara. The IMF is charged to fatten the pig for the coming barbecue party. That is when the DEBT CRISIS MATURES and we have nowhere to run as the signatures of past --Jubilee$CORD--- quislings confront us with our futures having been signed away long ago. (Ostensibly for infrastructure investment and the rest of the theoretical goodies like Konza high-rech city, but in reality squandered in mythical counts). Then would that unfortunate generation have to sell the family silver and turn their pockets inside out; or, if the imagery of selling the family silver is tiresomely snobbish, lets say Kenya would be one big Koinange Street, every Kenyan happy to perform a blowjob without a condom, for at least then would the stomach sense something warm for a fleeting moment! And three swallows could just be the day's meal! Servitude in impoverishment is a ghastly sight. Like paying rent for a room in a Nairobi flat doomed to kill off your family under mangled rock and metal. You pay to die. poor wretch. You are that desperate, or, yes, that stupid. Meanwhile, the Eurobond mostly is as per IMF dictate (conditionalities for forther loans and emergency infuses) mainly used to pay off old debt. Too, the prospect of new bonds to be launched to pay off more maturing debts, combine to make the IMF ooze the glee of a trapper guaranteed his prey, even if the face is on poker! here International Monetary Fund (IMF) First Deputy Managing Director David Lipton (left) and Treasury Cabinet Secretary Henry Rotich addressing journalists at Serena Hotel in Nairobi on May 10,2016. Mr Lipton said Kenya has accounted for the Eurobond money. PHOTO | EVANS HABIL | NATION MEDIA GROUP The IMF's is to make sure debt is repaid. That metropolitan lenders get back their profit. -I will revisit Michael Hudson for an upgrade. The Nairobi bureaucrats collaborating in the larger national heist can be allowed the latitude of a bonus --that is the theft Sarah has caught the IMF covering up for them. That is the game. And it is a game to kill for. It makes men and breaks countries. It destroys continents and poisons societies. And more. Meanwhile PROOF IN THE PUDDING. A careful parasite wouldn't want to kill the host too early, nor would it want the host commit suicide in desparateness, or just plain stupidity. www.standardmedia.co.ke/business/article/2000177624/imf-pushes-kenya-to-cut-ballooning-public-debt We will revisit this issue. Expropriation as the core business of the IMF. NB: This essay was originally written for this thread: THE IMF IN KENYA: A TROJAN HORSE jukwaa.proboards.com/thread/8542/re-imf-kenya-trojan-horse and then I came across Sarah narrowing it down to the Eurobond. And I became game! Continued.
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Post by jakaswanga on May 16, 2016 13:28:44 GMT 3
DEBT!THE DEBT BLOCKING AFRICA'S PATH, THE PUNISHMENT OF SISYPHUSDISCLAIMER: The endurance of Sisyphus is legendary. Forever shall he do that rock up and down the mountain. In his eternal routine transfixed, he is a prisoner to the gods forever. However, I am of a shorter temper, and if the gods condemn me to unnecessary harsh and woe, I would rather toil to shoot the gods themselves down, to interrogate them down from their lofty Sky-box palace. That is, I would take the daring of Prometheus and his heavenly loot in a fennel-stalk. I am tired of Africa's 500+ years at the bottom of the Earth. I am tired of the unending darkness, tired of the paradoxical regime of Sisyphus, where every generation of brilliant African economists and treasury men, never get that rock over the top, nor device another way to let Africa enjoy the horizon of the other side. I want to roll down to the lush and luscious pastures on the other side of the mountain, shout huraaah, today rather than tomorrow. My temper is lost. I wanna be free of this.If --see the detailed Africa Confidential report April 2016---- these useless rigged elections are what we happily call democracy in Africa, and these stupid economic policies the vehicle we trust to break the Sisyphus rut, I am opting out to flirt with the devil! Patrick Njoroge is the last Mohican I am giving the benefit of doubt. Soon as he fails, and the odds are he will ---I do not think he is the mental calibre of the Mahathir of Malaysia, I will wear the mask of a mocking Africa, dancing the death dance. NEXT: THE PROLOGUE
THE DEBT BLOCKING AFRICA'S PATH, THE PUNISHMENT OF SISYPHUS
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Post by jakaswanga on May 16, 2016 14:00:50 GMT 3
DEBT! --2. LESSONS FROM THE PAST THE PROLOGUE: THE WEIMER REPUBLIC REVISITED. Risen twice from the ashes in two generations, Germany has always warned me to burn the midnight oil pondering her fates and economic thoughts. And O yes I did, to the extent of embarrassing my black-c.ock heritage by neglecting her Aryan cuddlies to concentrate on her history instead. What a shame really (reading through the night instead of pumping willing pu-ssy!) But ruthless Africa had drilled me to postpone pleasure and go to work first! 'Fcuck! I did not train for monk!' I always protested though, before obeying Africa! Fwack you Africa I repeat! -- THE WEIMER REPUBLIC THEN!PROLOGUE And as the elite slept on the job, hell hath no fury like a proud humiliated nation, openly enslaved! A scapegoat will be found. Mass anger canalised. Woe harvested! Take a hint. We will return later to Marshall Plans and Wirtschaftswunders, debt relief's and free money, ( next to zero interest rates!) Now we ride: The question is: does Africa's debt obligations currently parallel a Versailles on Germany?Let us argue and see if upfront we have a consensus! AFRICA'S DEBT BINGE, THE HIGH OF SALEH WANJALA!Saleh Wanjala of Bungoma flew, like Icarus he flew.The new panacea is the Bonds market. Yet bonds are debt. They are IOU papers. So the new panacea is just another spree at credit, a quick shot in the arms of a desperate addict. They are quick (maturing) loans to relieve the cash-crunch of African states because institutional creditors do not trust our long term prospects. The credit rating bureaus give Africa a junkish profile. Otherwise the IMF and the World Bank has enough reserves to loan Africa those (30 yrs) long-running concessional loans! Everyone knows infrastructure takes a long long time to start raking profit if any. And profit is not why one does infrastructure. It is just modeernity. It is expensive and long term, like putting a skilled labour force in place. From Nursery School to cocky Engineer or maestro technician, labour must be groomed, -a whole lifetime of good food, good healthcare, and of course good school after good school of well-paid staff, and our Saviour proletariat has not yet put in a single man-hour back. Very expensive, long term infrastructure! But must be done. BUT IS IT THEFT MORE HAN DEBT, WHICH IS THE PROBLEM?
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Post by jakaswanga on May 21, 2016 22:18:47 GMT 3
PATRICK NJOROGE THE ENIGMA AND THE REAR-VIEW MIRROR Go away Agwambo, there is a new kid in town! I will write a few kidding posts. I started out to do debt without humour then something happened. I and my better half passed through an estate wake where a pastor was condoling with the bereaved and survivors. We had been arguing a few days back and he had derided me for being academically worried about debt, but not a practical hoot about the daily sin around where we lived. His worry was sexual debauchery -like nude adolescent schoolgirls taking photos in a sunny Kisumu park at the behest of their teacher-cum-e-pimp! The pastor was totally unconcerned about economic issues underlying such behaviour. The devil was coming on too strong across the Land, and new, more powerful beseeching techniques were needed to get through -the thick skull and waxed ears--- of the good Lord. Preaching has thus for some become a spectacularly energetic endeavour. Sermons are delivered in theatrical and deafening roars, and with the ubiquitous sound-system in tow, the right to a peaceful night is academic. It was so comical for a moment, I thought there is really nothing that serious in the world, that one wouldn't find another human being totally unmoved by it. I recalled a commotion in Europe a great while ago, when a rogue French politician referred to the holocaust as a mere detail in European history. Absorbing the pastor, got this flash of insight like, hmmm, even that debt blocking the African path is not such a big deal in historical time. Chill, man! First the devil out! So am trying chill! For a few posts! At least! CULTURAL WARNINGS FROM AFRICA'S UNDERBELLYHe is not personally corrupt, he is not into graft. So his corruption can only be ideological. And that is why he is a cultural gem. A clean man in a dirty environment. He reminds of a nun in a brothel. The gods have thrown our minds a bone. And I am game. We do always search for the true historical personality of the ex-colonial, if in deed it never be a wild goose chase. They say everything evolves, moves and changes, and so too, true historical personalities. He is not a Paul mutated from Saul, our Patrick, therefore the fiery zealotry of a new convert atoning for past ills is not his take. His likely pathway is the reverse. He could be a Paul heading toward Saul, a Holy Man overwhelmed by the rot of the world; yeah, a priest whose vows to celibacy teeter to totter as the seductive perfumes of a LOLITA slowly infest his native biological functions, uncocking the beast.Will he be Obi Okonkwo plain, as I already branded his counterpart, the ace Henry Rotich? Or will he be a tragic hero in the mode of legendary Ssparticus, the courageous man fighting the good fight to the dramatic end, tall against invincible state powers? Or, come to think of it, what other options does Kenya's history offer on behalf of Dr. Financially Incorruptible Patrick Njoroge!? This is a man whose choices have stunned Kenya into incomprehension. But I am game. I heard of monks before. Some, the high priests of exploitation, some liberation theologists! And some, death-row pacifiers ! And if he is a Kenyan enigma, that too is a precedent he is beaten to, by Agwambo! I said I am game! It is just possible Africa is setting us and him up! Our Hero Patrick Njoroge. We have to keep an open mind. The moral superiority of a diligent servant to the IMF and World Bank in Africa, may be a very marginal and an inverse affair, if the opportunity cost is submission to home-made bandits! --You know the pitfalls of nationalism!? These do demand submission to national bandits instead of to foreign bandits! Otherwise the word treason starts to form in competing minds! Nationalism is why Gikuyu Mau Mau fought the white colonial landgrabber to death, but, while still landless, they praise the free inheritor of the grabbed land, a certain Johnston Kamau, to the heavens! And on do they go to crown his son the 2nd Messiah! Such blind spots does nationalism cultivate in its retina! No way! I am just kidding of course! I apologise for my disrespect to Gikuyu nationalists, whom I have evidently confused for royalists. And down where I come from, last time Miguna Miguna did slingshots at the Luo Messiah, he was straightaway uprooted in a wave of mass hysteria which forcibly changed his name to Njugunah Njugunah! And again I confuse monarchist hysteria with nationalism! Such is the brutality of loyalism! Born-agains go away! -Just kidding again! Such is the piety of idolatry, anywhere in the world! NB: Nationalism could still see a point in Njugunah Miguna's run for Nairobi mayor. A kikuyu and a luo name, the unity of opposites. Such hints does culture offer. But --Miguna love to talk for himself--- Africa and Njoroge then. We take options. We can study his slow degeneration, aging, we can observe which weird and corrupt compromises he meanderingly makes; how much self-mutilation he accepts or undergoes with straight face; how much battering his opus-dei moral campus can withstand before entirely succumbing to the all-consuming epidemic of Kenya's social rot. Or, Praise the Lord, we can behold how he invents a third way to give Caesar what is His, the Lord what is His, Wanjiku what is Hers, and, the clincher, how he, the ecclesiastical kamwana, thereby reduces the memory of Saitoti, Kibaki, Ndegwa, and the rest of the best, to the urinal pit of contempt! He does not have to be 'wirtschafstwunderkind' me reckons. (that is an economics miracle worker). If graft takes 30% GDP, reducing it to the standard 8% is, me reckons, already a God come from Heaven and visit Kenya live situation. The Pope go Away! So simple is what am longing for. No, I am not longing for zero tolerance to corruption; no, not even a Scandinavian 2% corruption rate, nay, I just want normal, the normal standard rate of corruption found in an average people! 8-10% thereabouts! I want Kenya to be only human, normal human, normal human society. I am content with our super power status in Athletics. What am longing for is a dose of normalcy in economics. 3 square meals a day for every Kenyan. Remember liberal economists themselves, possibly in a moment of self delusion rather than insightful modelling, dared define the normal, natural rate of capitalist unemployment to be around 5%! (Shivers and shudders! looking around the real (permanent lowest rate) in mature capitalist countries! May be the world moved on but economists did not along. Now, if such average stuff is impossible for a whizzkid from Yale, side-kicked by one from Harvard, then searching on do I go dark. No more whizkids for mother Africa in the bureaucracy, only real boiled men; tough ruthless blood-curdling head-chopping men, like Robbenspiere of France, who would serve and eat the Musevenis, Sasso Nguessos, Al-Sisi's, ObiaNguemas, and the rest of the monsters for lunch and dinner, raw. --Too many women faint at the sight of blood so I do not do political correctness in this trade. Anyway, that infamous EACC-doctored list Uhuru Kenyatta took to parliament is a place to start with heads to chop if a zero-graft-tolerance Afro-Robbenspierre surfaces around here! I am game. Normal will do for me, failing that extreme is worth a trial. I have had it with state theft. Let me flirt with the devil for the fwack of the century before the pastor gets through to God for the divine deux ex machina! O Jesus! The chariot of fire lights the skies as you approach the landing strip on planet Earth! Survivors will compare notes! Just kidding of course! And I will be back with more kidstuff! Africa is young after all, even geologically speaking!
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Post by jakaswanga on May 22, 2016 15:41:27 GMT 3
PATRICK NJOROGE AND JUBILEE: LAMIDO SANUSI AND GOODLUCK JOE!?If you were an avid reader of the Heinemann Africa Library of the golden age --Soyinka, Ngugi, Achebe, Yambo, Okot, Ousmane, etc etc, then you will know about the twinkle in the eye behind the mask! For example: 'So and So's body! Do you know me!? 'How can I know you Father, you are beyond my knowledge!'Then comes the cheeky twinkle behind the mask, and the guttural explication of who exactly you are dealing with! 'I am the dry meat which fills the mouth!'In the case of my adolescent class, it was not the literature teacher who corrupted our minds. That was the Mathematics teacher. Coming in after the literature teacher and looking at the remains of the previous lesson on the blackboard, he said, 'brutal face fcucks from masked ancestral surrogates!? This Achebe man is bad for your mental health boys!'Perplexed, we begged his pardon. 'Dry meat which fills the mouth is big-dik-oral-brutality. But literature hates straight thinking, so I will leave you to it. Let us talk linear equations now!'I always remember such things now as a teacher myself. Some subjects thrive on obfuscation, others cut down to the chase as they say. Both ways I am game. Lamido Sanusi was the governor of the Central Bank of Naijaland. Naijaland was a perfect Zamunda clone. Lamido Sanusi they said was reform minded. Lamido Sanusi they said was hell bent on tackling financial malfeasance at the centre of the state. Lamido Sanusi they said was interested in good public accounting. Lamido Sanusi himself said he had come to the conclusion corruption was Zamunda in suicide. It had to stop, it had to go, or Naijaland itself would burst. ( And things fall apart!) And then he actually did the unthinkable. He tabled a forensic audit which showed the country had been ripped off $50bn, oil wise, in about two years.What else could the Zamunda president (Goodluck Jonathan) do? Sanusi was obviously full of treason fantasies (corruption goes or Nigeia bursts). Sanusi was obviously not a team-player. Like some kind of accursed John Githong'o of Kenya, he was embarrassing his peers with forensic audits proving massive graft. Further, making the audit public without clearance of the national security college also meant Sanusi had leaked sensitive national secrets to unauthorised third parties, thereby committing treason. Lamido Sanusi was lucky to be fired but not arrested and gallowed. How very kind of Jonathan. Etc etc etc. (Enter the reputedly zero-corruption Buhari! we will find out the further adventures of Lamido Sanusi! Still a pariah like John Githong'o!?) --That is beyond my knowledge. Now, in this thread I have noted repeatedly, that Patrick Njoroge, the reform minded (current) governor of the central bank, isn't looking Wanjiku straight in the eye and telling her, like they do in good churches when vows are exchanged, that the Eurobond accounting is forensic audit proof. Meanwhile the bad Dr. Evil Ndii is poisoning Wanjiku's mind with stuff like this Then doth keyboard warriors like yours truly have a problem. We have to come up with a satisfactory intellectual explanation why a Yale 'summum cum' does not come up loud and tell Sir David he is a goat better shutting up or going to accounting school first! See it as Achebe inverted: 'David Ndii's mind, do you know my math aptitude and trade!?'
'How can I know that my Lord Governor, your sums are beyond my pay grade!'
'I am the summum cum laude from Yale who will burn your mind out on the Eurobond!'The resolution has not obeyed that blue-print, therefore we take optionsthe truth is I have been thinking about the SANUSI chop. A decapitation. If Dr. Patrick Njoroge dare contradict the official orthodoxy, would not our own Goodluck Jonathan crowd have his ars served to the vultures, and his head on the stake. Stories do go around amongst peers. Patrick Njoroge could have heard about the fate of a fellow Central Banker who took his job too seriously, and met the chop. Let us say Njoroge's silence on the Eurobond is golden. A tactical compromise. To his credit, on the imperial bank he accepted the -John Githong'o precedent or--- principle of an external forensic audit. Not on the eurobond though. That is a state secret. You heard that, Sarah Elderkin!? No matter. Accounting firms are corrupt of course everywhere, but when the public spotlight is on them on a particular forensic audit, they do remember to get their sums right. Cooking books in public is too risky. Better tighten the law on state secrets first. The rest of the Sanusi tale was reported thus. You do not whistleblow at the top! You shut up and eat. But now the chickens come home to roost. World Oil price has slumped to $40/brl. Buhari has a cash crunch problem. Fuel subsidy has been removed at the behest of the IMF. Prices up 70%. Workers and their Unions are up in arms. The Niger delta is awash with unrest. Buhari is cringing, and there is talk of a more robust military deployment to the Oil Delta region. Because the upped militant activity in the delta has effectively reduced Nigerian oil exporting capability. The already strained life blood. This idea that Zamunda, any Zamunda anywhere, can rise and rise despite cannibal corruption rates of 30% is in my opinion a dead-end. 40% revenue to DEBT plus 30% revenues to THEFT is one of those linear equations my old math teacher used to grin about in my youth. 'This is nothing boys, wait until we get to simultaneous derivative calculus stuff!'I am saying, I do not see anything really complex in the Kenyan economy which can not be solved in a single term presidency. But like an exasperated Mwai Kibaki once cried after a fruitless three-hour GCG elephant cabinet meeting, 'you can not run a country with goats! They only run around breaking every pot. You are reduced to a herdsboy! Mavi ya kuku kabisa!'' Just kidding. Rome was not built in a century!
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Post by jakaswanga on May 28, 2016 13:22:02 GMT 3
ON WINNING AN AFRICAN PRICE: NJOROGE AND CULTURE!I find Njoroge fascinating. He is more a cultural phenomenon that is. -Why!? Because we recognise he is competent and out to work. (Remember Emilio Mwai was competent but permanently lazy, a decrepit loafer! a Zamunda goat from Othaya!) It sounds unbelievable, but what should be normal -d isciplinary competence in a trained man, has become so rare in Kenya, and indeed public office in Africa, such that the sight of such a one is a miracle -Lo! a Jesus come back equivalent! Africa is so used to mediocrity in her decision makers, a bit of expressed ability is a total shock! We are that far from our historical personality -to dress it up in Cabralian fashions. I am as shocked as you, dear reader, I am so shocked I am forced to publicly wonder whether his moral preference for Opus Dei guidance, is the key! Opus Dei is Spartan, rigorous in self denial, and I also mean that in the military sense of regimentation, and obedience. The national shock and manic witlessness was publicly displayed in Parliament during the vetting of the new governor for the central bank of Kenya. The Mpigs, peoples representatives and therefore in tune with public morality, oops, could not comprehend the choices Patrick Njoroge had made in life. An alien or what? Confused, the honourable cravens psychologically milled around the alien creature, finally giving up, mentally dispersed like some monster jawing a live, high charge cable. It was highly instructive. Talk about biting more than one can chew! Patrick Njoroge is therefore a live trip wire. Culturally speaking. He is a gem, and, methinks, an accursed one at that, culturally speaking. He is a pointer to something much more sinister, culturally speaking. He is a case of EXTREME moral dissent, extreme moral dissent going mainstream. And I am not too sure i want to speculate on the implications this --extremity-- being the winner example for bureaucratic regeneration in Kenya and beyond. ---For instance, it is an extreme personal choice foregoing earthly and fleshly pleasures in toto, and I feel uncomfortable heralding an extremity -- outside the 95% bell curve statistical normality--- as a national example in the ABC routine of running a country. This rings alarm bells in my soul, warning it is a dangerous crisis, a dangerous time, that only divine calibre will do for menial tasks like taking care of a ksh 30 billion (Chase) bank does its book-keeping on the records. Yawa! Normal has become too mediocre to cope with daily reality in Kenya. It hints Africa covets caliber forged extreme. -(I hate that. Coz I know the score. The tests we give in college are meant to be passed by every average student who paid attention and did a bit of homework. Every Tom Dick and Harry really is the standard, and if, deployed at labour, every Tom Dick and Harry with his average grades works his 8-hour day or night shift at 60% efficiency and productivity, you already have a roaring economy. At 70% you are now Deng Hsiao Pinging, a freak statistic!) That is where I come from. Planet normalcy. So when normalcy is no longer the option, I get scared. EXTREME SITUATIONS BEGGAR EXTREME MEN? AND WOMEN. And I do not want to say what kind of company I kept in my youth, soldiering across the jungles of Africa. So, taking a bite of our star governor at the central bank, will I be the HURT LOCKER who lived to tell, or will I be burnt to smithereens like Steven Spielberg's anime Great White above!? Navigating trip wires in the cultural minefield is a good cartoon situation ... WE ARE ALL HURT LOCKERS, THE DAY COMES WHEN WE ARE BLOWN UP! Here is a cartoon of Obama to illustrate the applied point. Over to you Hilary! Now, careful, girl! Njoroge is our man in the minefield of Nairobi. Nairobi is the city in the sun of graft, headquartering the political economy of Kenya. The topography is impressive: Political corruption threatening instability (demos contra teargas as a form of dialogue); monetary corruption threatening insolvency (the debt binge); policy corruption threatening stagnation (41% tax income to debt repayment); bureaucratic corruption guaranteeing sabotage (that would be dinos like Joseph Kinyua and their fleecing, conspiratorial network of cabals and cliques); moral corruption threatening societal collapse (that is David Ndii's divorce option); these are some of the live trip wires the IMF wolf-in-sheepskin has to manoeuvre in his suit of armour. And here is cheeky me shooting a movie out of it. No, I call it sudoku for beginners. For advanced Sudoku we have to go to Greece. Modern day Greece. Well, what used to be Greece! There, in current Hellas of the European Union, we marvel at the total take over of a country by her creditors, using financial instruments only. No single occupying soldier! No, one gotta read the signs of the times. (I will do an ornithology post called Halitherses later!) And man, the role of the IMF therein is a marvel. We will see at large how goes modern Athens. But away from Europe, our hero Njoroge is an IMF blue-eyed boy. A local Breton-Woods pure breed. And to boot, most of his competent ilk at the treasury! Nairobi, the gift horse needs a long look through time! And boy, aint I gotta tap him all round with more determined and wily deviousness than Helen did on that damn horse, lest, like the Trojans, I live to rue my incompetence at analysis! (I agree Africa is rising! I agree Kenya is permanent, dare I say, eternal covenant!) Okay, I am game! Let us hurt lock! Now that we know the parameters! DEBT AND THEFT AND BONE-GRAZING TAXATION BUT NOT TO INVEST! THE LABYRINTH OF DEBT O Ariadne The labyrinth under your fathers lofty palace There the Minotaurus rape-fcucks nations to death; Weave us a wily thread that unfcucked we surface! --------NB: (Or at least that half-fwacked we emerge, seeing the 500 years of Africa's colonial rape!)[i/] NB: I consider cleaning up Chase bank a menial task for a man like Njoroge. I also consider running after Safaricom kiosks transacting ksh. 300 in order to tax mandazi vendors a routine beneath a sane Henry Rotich. People like Njoroge should be manning an African equivalent of the Asian Investment and Infrastructure bank at a starting capital of $500 billion. You do not go to Yale and Harvard (where imperial bureaucrats are trained) to come back and run a supermarket in Kibera! That is the parameter. But when Zamunda goat after Zamunda goat runs your country, that is your permanent fate! $500 bn is peanuts. Between Mubarak, Gadaffi, Ben Ali, Mobutu, and Abatcha fortunes, your already passed that like several times over! Now, who is game!
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Post by jakaswanga on May 29, 2016 15:36:31 GMT 3
THE IMF TAKES ON THE GERMAN TREASURY? REALLY? (Ref: the racket of the IMF exposed!) I checked old Karl Marx out for a bit of theoretical hammering into the nature mature capitalist economy, crisis time. I wanted an abstract philosophical understanding of debt, the political economy thereof, both in the main capitalist economy and her satellites, sometimes called the periphery. This relationship between borrower and lender is very common actually, so common as to be like sex, heterosexual sex that is. Credit is so ancient a business I would wager it competes the first profession, ie prostitution. More important therefore are questions like: when is the balance SYMBIOSIS? when is the borrower turned into a whole meal for the lender? When does the mutually agreed sexual transaction mutate into a rape by the stronger party? when is the rape an ideological instrument of terror, to inculcate domination? The invisible hand of the market never seems to be a good arbitrator when things go wrong in practice. I needed consult a guy of some mind who spent a decade thinking about it. I have taken to high SUDOKU of late, and going for High has a price. Quality minds only for reference. I got a crisis of my own too! and I do not mean Migingo! The Borrower-Lender thing cracks when borrowers, for some reason, can no longer sustain (nor support) the costs of the loans. These costs are stuff like repayment (of the principle), and the coughing up of the INTEREST rates (charged). ' For some reason' is a euphemism which, as is the case in our Africa, can be broken down to MISMANAGEMENT, white elephant waste, theft and squander. Of course there is drought and quisling stupidity too. 'For some reason' looks exactly to be what happened in Greece. And Greece, which we must all watch I insist, is bailout proof! A bottomless hole at a first glance. --But man made! Greece is being broken to warn other elites elsewhere there is no other way than to succumb to the big boys of capital! The warning goes to other pretender radicals ala Tsipras. Sovereignty is a word political elites must only use to fool their gullible populace if possible, but all elections must produce one concrete result: Submission to capitalist expropriation. The rest is make believe. Greece has become a test-tube case of financial conquest. An engineering experiment on stress testing: how much rape can a people take in an open society?. Schauble of Germany famously offered them a pay-out to get out of the Eurozone! Howbeit the terrified Greeks responded: ' No way, the worst you Nazi can do to us inside, is still better than the best we Greeks will do to ourselves outside the Eurozone! We bolting to nowhere!' it is like when slavery was abolished and some slaves in the farms rejected the freedom. 'Master, we have nowhere to go! Keep running our lives, we are yours forever!' And so the system went on, long after its death! THE IMF BUNDESBANK PUBLIC SPATWith much publicity and fanfare the last weeks, the IMF has been engaging in a promotional exercise heralding its heroic disagreement with the other members of the Troika in custody of the Greek protectorate, especially the evil Germans. Lagarde made an I-am-out-of-here scene, threatening to reduce the Troika into a duoika. Yawa! is there anybody out there, economist or layman , who would believe the German triad composed of finance minister Wolfgang Schauble, Bundesbank chair Jens Weidmann, and Kazelarin Angela Merkel, do not understand the consequences of their rigid austerity imposed on Greece!? Christin Lagarde of the IMF and her studs want to convince the world she is a better being (or economist?) than the inverted Berlin Nazis? --Ha!? The IMF is merely trying to have it both ways, after it has increasingly been exposed as a double-gamer, an ideological neo-liberal mongering handmaid, rather than what she pretends to be: an independent think tank of helpful recession policies. NB: Given how long feudalism lasted, the answer to how much rape nations can bear, could just be about everlast! But given the historical epoch of permanent global turbulence and chaos around the middle east, everlast could be a short term. Capitalism is more radical than feudalism, her crises more profound, more volatile, especially given the tens of millions of mobile and war-uprooted nomads, added to swelling ranks of home-grown urban proletariat without a safety net. Rural populations living in tent cities like our Daabab, refugees galore around the world ---Iran, Pakistan, Jordan; populations living in ruins, their middle class uppity dreams buried, is a snake pit of political currents, all venom. An ideological crisis. 2. Bankruptcy is a common occurrence in the risk-driven market capitalism. As such, the relationship between lender and borrower is a very common one. Everyday terms cover the thing: Default, repossession, re-negotiation (lower interest rates, longer run time); cash crunch, debt write off, bail outs! This means there is a therapeutic formula to when it goes wrong. And it does daily. Man being man, greed being greed, who cares about protocol and common sense!? THE HIERARCHY OF THE LOOTING MACHINE Wherefore the price paid depends on ones station in the hierarchy. Kenya is down the ladder in this scheme. Recently, when Wall Street crashed, those Americans who really footed the bill to prop it up again were the ordinary Americans. In a famous cartoon, the banker jumped from the top floor of his skyscraper office, only to have his suicidal flight broken gently. He landed on a mattress on the back of the common Joe! The impact broke Joe's back, but the banker whistled away, thanking his god for a narrow shave with death! that imagery holds between the center and periphery! Broken-backed Africa, where every high-flier lands even when suicide is their best option!So, how a society does spend its surplus is key. But first the state earns it by Taxation, and the secret loans whose secrecy is only busted when private rape can no longer be hidden. Like happened in Mozambique early this year. secret?It was not that secret of course. The network of bank bureaucrats knew, including their patron the IMF. OUR OWN DIRTY, OPEN SECRET! Kenya spends 41% of that taxation income paying off debts. This statistic is what has sent my head spinning. All these countries which went places -- slowly or speedily, how do their income/debt ratios in that rising period compare!? Burning the midnight oil on the graphs and ratios have I come to a ruthless conclusion. The Kenyan treasury isn't serious on that 2030 vision. So I have to ask: Patrick , are you game!? Here is a clue. Let us get to work, fwakas, sorry, brothers!
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Post by jakaswanga on Jun 4, 2016 9:22:41 GMT 3
AN IMF TRAVELLING CONFESSOR COMES TO NAIROBI?Consider the following scene. Patrick Njoroge is meeting a revamped IMF. We will define 'revamped' later. An important IMF man has been sent to Nairobi to meet him. There were days such a visitation would have had something of an inquisitor arriving in a monastery reputed to be harbouring errant clerics, or a Vatican investigator delegated to a priesthood commune accused of sexual escapades of one sort or another. But this is a different world. The financial freeze operative during the cold war, in which the IMF fenced off whole regions in a geo-political game on behalf of the Washington consensus, has melted into a chaotic world in which the monopoly of the IMF has been broken. There has of course been talk of reform to accommodate China within the body, but the predictable recalcitrance of the USA has meant the pace has been so slow, China and the rest have had to work on alternatives. So there have been projects like the BRICS central bank, and recently, the Asian Investment and Infrastructure investment bank. Discussed here jukwaa.proboards.com/thread/9316/urozone-powers-join-china-bank Why did the USA and the country of the rising sun stay out, while their EU-ropean allies rushed in!? NB: Does anybody remember the position of the African Union (AU)-Central Bank!? Oops! There is no such a thing!? Or is it so, that one of the things which really excited the Wall-Street preferred candidate, HRC, blowing her away to hysterics as she viewed the lynching of Moamar Gadaffi and his subsequent horrible death, was that with Gadaffi's demise, the prospects of a functional African Central Bank with the option of a gold-backed currency, Afro Dinar, were now so dim as to be zero? Hilary Clinton's throatics reminded of the emperor Shapur witnessing the death of Roman Valerian. And like Polyphemos in his cave His forehead sporting an unnatural protrusion, Ulisses and his comrades having put out his cyclopic eye, A disoriented Moamar Gadaffi stumbled about, a strange tale up him!
And like Shapur in scorful spit at a Valerius in death woes Steeped in morbid joy did HRC's voice contort at her conquest of Africa-- And now, pray tell, how much money was Libya going to invest in the IMF alternative banks!? Patrick Njoroge, that --murder motive-- question is for you, thy ace central banker of Africa, price winner 2016! IMF man! I am closing my options so that I can start calling you the latest fad in town! Philip Ndegwa all again. I am going to read his memoirs again! In Asia they just report openly that Japan and the USA are out there bribing and intimidating anyone they can to sabotage the China-led banks. England nearly capitulated to American pressure, then remembered their biggest bank is called Hong Kong Shanghai! Geo-politics again, Obama's Asia pivot! And, Obama being my brother and all that --military-- bonding with Uhuru Kenyatta with America, I developed a hollow stomach looking at our loan portfolio with China. Has this Patrick the brilliant Njoroge been recruited into the anti-China cavalry? while China EXIM bank is our infrastructure life blood? I find that question important to ask. How the hell do we navigate the war-like Asia pivot of Hilary Clinton Obama, given Kenyan if (not Africa's) infrastructure loan dependence on the Dragon? Ordinarily I would expect the office of the Prime Minister to be reading the weather and forecasting. But I sold my options on Kinyua as junk bonds! I wanna place new bets, on futures, African futures! --bet on more IMF men devising woe and working devious, or them become Africa Kingdom come technicians at last!? I mean, if the aces Njoroge and Rotich do not talk about this, it makes me cold-eyed, like when SECUROCRATS take the fifth ammendment on their expenditures of public money! give me head, boys! Henry Rotich with his sky-high budgets is of course an emergency loans junkie, a supplementary budget addict, and a credit-facility harlot! So mereckons in real life it takes quite a ruthless pimp to make a junked hooker forego moonlighting on some other ready d.ick1 No? MEA CULPA RETRACTED? The IMF has been sensationally reported to be backing off neo-liberalism. They have even written a mea-culpa paper. It is hardly sensational stuff for people who heard of economists like the retired president of Malaysia, Mohamed Mahathir, who called the bullsh!t long ago and parted ways to success. Only Africa, which remained tethered to the cure which was worse than the ailment, may find it sensational, -even if the sensational tag is merely the flogging by PR buros run by the same network of parasites who feasted off Africa (hangers-on, on the looting machine). Her position untenable in Greece, every house economist briefing privately they knew they were ruining Greece, the IMF had to do something drastic to save face. No, not something as drastic as advising the Greeks to default forever and, so be it, call German bluff and get out of the Eurozone altogether. That Greek program has been flaying Greece alive. MEA CULPA: But what would we do with brilliant kids like Njoroge who spent a whole intellectual life defending, dispensing and instituting neo-liberal orthodoxy across the lesser peoples of the world? The IMF is of course not for the better children of God! Such do not do time at the financial purgatory. If angry, we could of course be vindictive, the way East Europeans were with their old communist elite after they admitted their historical error. But being a bit of African Christians, we could forgive and try teaching old dogs new tricks. I do not remember Pavlov setting an upper age limit when it comes to re-conditioning dogs. May be painful but making omelettes requires breaking eggs. But WTF! Steady as she goes! The IMF is not changing course! The air has been cleared now by Maurice Obstfeld! No need for recriminations! Maurice Obstfeld, Economic Counsellor and Director of Research Department, IMF, This is the problem with France! Misplaced arrogance May be her own country can do with her advise to ADVANCE some? As I write this, tension is high in a flooded Paris which the last weeks has been like Nairobi every Monday the past month. French workers are threatening to derail the upcoming European nations footbal championship in a conflict over liveable wages. And there is the failed reformist of the Sarkozy years advising Asia! It is in this background that a leading IMF man came to Nairobi to rally the nerves of the central banker of Kenya. Dare I say to confess him if his piety has been prone to
ehm.... doubts? There is a fire-brigading exercise going on! That is the 'revamped'! There were doom-sayers like www.theguardian.com/commentisfree/2016/may/31/witnessing-death-neoliberalism-imf-economists watch this space.
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Post by jakaswanga on Jun 18, 2016 9:32:02 GMT 3
CULTURE: MUSING ABOUT PATRICK NJOROGE's FIGHT FOR A PLACE IN HISTORYI promised to deliver on this one: Njoroge's place in the evolving history of Africa's decolonisation.Before I make good on the following, a long tale from the middle east will highlight what a dependent, peripheral central banker, really is. We will visit Lebanon and American sanction rules. But first: When I wrote IRAN in the following, I was actually not thinking of Rotich. I was thinking of Patrick Njoroge. And with good reason. let us find out what I have under the bonnet. Like the animals at the end of George Orwell's Africa Farm I have been looking from Angola to Ghana, Raila to Uhuru, this class to that class, this central banker to that central banker, and my eyes ever narrow in a jaundiced squint to tell the difference! Haya, let us ride! It is obvious Patrick Njoroge is unique. It is thus the task of historians to put him in context. I do not think I can do this without the concept of cultural resistance to exploitation, exploitation from whatever source. The amazing fact worth repeating is, under normal circumstances I would not describe Njoroge as unique, because under normalcy, he would just be another competent man on any given day doing a competent job at a normal salary. He would just be another Kamau Otieno and Mutiso, or, if you like, Tom Dick and Harry bureaucrat in the office rat race, forced to top up his act to survive. The rule rather than the exception. Bureaucracies do not employ geniuses. And Nobel Prices for management does not exist. With good reason. (That was extraordinary efficiency, German trains running to extermination camps) But in Kenya, and indeed the rising Africa of Zuma, Buhari, Kagame, Isabela Dos Santos and the likes of Egyptian Al-Sisi, the world is upside down. A man ever punctual at the office, like Patrick Njoroge, doing his daily mundane chores with some diligence, leaves everybody dumbstruck. He wins prices. (I repeat: not that these African prices demand much. Anne Waiguru and Njuguna Ndung'u are previous winners, and we know how deep in graft their tenures mired. Mo Ibrahim has a price which can find no winner because he upscaled the criteria a bit. Dumb it down Mo!) Anyway. Historically speaking, Njoroge is not a revolutionary. So second best is, he is thrust into the role of a reformer. A what!? That (reformer) is also not his track record so far, since he has been a true professional --and a true competent professional at that. Such folks find, work and leave the institutions of their employe as they found them. That is how he found and left the IMF. His CV does not register neither the slightest of bothers, nor inkling of consciousness, toward reforming the IMF (and WB), to at least accommodate the rising China (leave alone accommodate a rising Africa!). So when old dogs are on to new tricks, you want your eyes wide open, and your mind even wider, to fathom the comedy. (For instance Central Bankers in the Eurozone and USA are onto experimental policies, like sub-zero interest rates: WTF!? what is up. But that is another story!) DEPTHS OF THE LAUGHS IN THE COMEDY That Dr. Njoroge's instincts are not naturally reform-minded can also be gleaned from his choice of personal faith. The catholic church is not your bastion for nurturing reform-inclined hot heads, and if it is for some inexplicable reason, the vocation (calling) Opus Dei is not the cradle of Liberation Theology; in fact, it is downright hostile to that strand of apostate, activistic Latin catholic heresy. Therefore, that he -The super conservative Work Adherent-- now REFORMS the CBK, and is lauded as a visionary Saviour, is by default, because the situation he found was so dysfunctional, so mediocre, so pathetic, so stupid, such an awful mess, that a dose of normal competence or routine functionality is already unbelievable transformation! And if one comes in with a baggage of due diligence and intelligence unto such a mess, then Willy Nilly one automatically becomes The Great Reformer! (NB: I have not seen him yet EXPERIMENT with any innovative policies, monetary or fiscalist! Which reads me conservative as to be orthodox! ultra cautious. But there is still time for him to surprise Wanjiku. -ahem! Correction: Henry Rotich on behalf of Keise Soze is lobbying Mpigs to clip his wings! Aint that already do make him a LAME DUCK!?) in the old days we would say this is a case of backwardness closing ranks to defeat positive motion. These days we just say Henry Rotich is a hired treacherous pawn knifing Njoroge in the back. --Some will remember the case of a certain John Githong'o at the hands of of the then deities Chris Murungaru and Kiraitu Murungi. Githong'o was hired as the new tough sheriff on financial malfeasance, Anti-Corruption Czar we called him. Wearing the mask of an apparent tame personality, which could have fooled many he would be malleable, John got to work, competent and diligent style, punctual and intelligently, and Lo! very upsettingly for Graft Incorporated. Kibaki was aready senile and Raila remained a charlatan. Corruption soared. The rest is history we tell in bars over drink. (NYS heist, Cecil Mbarire and Ababu Namwamba's PAC adventures, David Ndii on Eurobond, and the mealy yearly chronicles of the auditor general Eduard Ouko!) What lessons do we learn from that? The lessons of the historical limitations of certain options. The lessons of systemic rot beyond common sense. All the same: Critics (if the reformer himself is bereft of insight) must be aware of what it is The Reformer is reforming. Is one reforming a wheel which is already a perfect geometrical structure? in which case one is a comedian, ie a (historical) fool and an ideological joker? Or is one hard at work reforming an already broke and obsolete system which, in essence, is already a piece of junk ripe for the scrapyard --(or, as they say in history, ripe for the ash heap of --), in which case one is a tragi-comic folk hero. Think of Sisiphos. Eternally fixed in his rut. In a nutshell, my thesis reads: The historical task of professional whizzkid Patrick Njoroge is to reform Kenya's comprador capitalism. He is the mechanic in chief, both ideologue and technician. However, and this is an important point of departure, comprador capitalism can not be reformed; but like all systems it can be better managed; it can be run in a leaner and meaner fashion in a spirited attempt to give it a longer lease of life. The trick then is to adequately mask its inherent contradictions. (Suxess here will be the genius of Njoroge!). Masking them means preparing shock absorbers to prevent systemic collapse. Streamlining predatory banks for instance. Tough sheriff act! The natural path of evolution of comprador capitalism is of course its implosion, when, all crises cumulative, it reaches its zenith conclusion, that it can not bequeath of itself the NATIONAL historical dream of the epoch it leads. That dream is of course to realise the peoples ideals, the people who have been engaged in a centuries old struggle against economic oppression by Abroad and they local Nyaparas. The KANU republic imploded (we are in the 2nd post-colonial republic now) because of its systemic failure to fulfil the promise of the 1963 Independence. The 2nd Kenyan republic is doing her best, however
. That IMPOSSIBLE task, that goal beyond the comprador bourgeoisie in our continent, would be (today) capitalist post-colonial industrialisation under neo-colonialism
(impossible, unless of course one is theoretically adventurous enough to hypothesise not the possibility, but the certainty of the comprador class captaining a successful industrialisation within the century, and in Kenya, within half a century coz we talking set deadlines of 2030 low, 2050 up.) Without deadlines in the very long term of course everything is possible. Even Pangea will reconstitute. Me therefore argues Patrick Njoroge's mission as it were, historically edited, is to manage the CBK and the nation's finances in such a way that, under IMF (hardcore exproriative) tutelage, Kenya is counted industrialised by the year 2030, or two decades later, 2050. Counted? -why counted? NB: Apartheid South Africa was industrialised, kind of let us say counted: how do we characterise the Afrikaner ideological class which captained it? Was it comprador or not!? I posit it was not comprador. We will argue this later, and find out why, if it was industrialisation, its political stability was more volatile than a radio active substance with the shortest half-life known. But under desperate circumstances it remains a model of course. A ruthless minority in power running a bomb of a political system, but achieving a measure of industrialisation. I would say Paul Kagame of Rwanda is running a ruthless apartheid regime, a ticking bomb of a political system! Problem is he is comprador. He can never negotiate his own demise. CONTINUED
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Post by jakaswanga on Jun 19, 2016 16:25:16 GMT 3
CULTURALLY SPEAKING:
PRICE FIGHTERS WHO ONLY FIGHT PUNCHING BAGS ARE SMART YES, BUT FAKE IS FAKE.
It is all very well, Dr. Patrick Njoroge, for the treasury crack-team to descend on Mpesa kiosks with sharp knives. It is all very well, Dr. Patrick Njoroge, for the treasury crack-team to squeeze roadside mandazi vendors off more commissions than they already bleed to Safaricom. It is all very well, Dr. Patrick Njoroge, for thee top-end treasury mandarins to compete lecherous county government clerks, in siphoning off more tax over ksh. 300 transfers per fortnight for rip-off licences. All that --feeding off the poor frenzy--- is widening the government income bracket as your fellow IMF alumni, Henry Rotich, coyly put it in his otherwise outrageous budget speech, the other day in parliament. But when reflected upon, deeply thought about and put in perspective with stuff like this OUTRAGE below, then doth the racket run by thee aces at the treasury become fishier than the Lake which gives my people their baptismal. Truly I say unto thee. Beware, criminals whose names and deeds dare not be stated openly! Does the disparity in figures raise questions or downright prove theft, in the form of massive fraud by inflation of prices?
Irungu Nyakero's weak-kneed and feeble-minded defece: The Kenya shilling fell! to the bottom! The buck is passed to the CBK!
Yes, Dr. Patrick, that is you! unless you want to be coy and pass the buck to your predecessor. That wont pass here on Jukwaa. Njugunah Ndung'u is the kind of man who would loan his wife out to a corrupt banker for a treat. He is beneath a lowly pimp, not worth more than a contemptuous spit. We can not honour him by calling him even a goat in the Emilio Kibaki fashion!
Yeah.
This topsy-turvy figures in every government expenditure nota, is why I believe the narrative the tropical gangsters are IMF facilitated, and matters are on course, as per the project. How can the IMF keep on warning about debt, while IMF-cloned whizzkids at the treasury concentrate on open-air maize roasters as tax evaders? while 4-lane roads cost thrice 12-lane Super Highway lanes, per kilometre teller, even after the meanwhile collapsed shilling is corrected (to inflation I think they say!)?
Man, si you want more money in your pocket, you do away with the thieves, take better care of your wallet? Ati this elementary prudence is now rocket science to Harvard and Yale alumni's? Truly I say unto thee, Africa, we have a problem. A cultrual senior Sunday Sudoku!
African Senior Sunday Sudoku's need an original take. This means I have to CULTURALLY fathom and explain what has happened to the capacities, the faculties and mental competences of my aces and industrialisation captains, namely Henry Rotich, Irungu Nyakera, Kamau Thugge, Patrick Njoroge, Joseph Kinyua, and a few others for starters.
NB: (Remember engineer Joseph Kamau's mother collapsed dead, shocked at how the apple of her eyes could turn out a simple state pick-pocket. To me, that was a deep cultural identifier. Identifier or marker in the sense of Althuserian dialectics, and Okot P'Bitek poetical theatrics. Strictly for those who come to culture from a materialist analysis and do not mind splitting hairs, headaching over Africa's plight!)
IMMACULATA's HEART BREAK
O the dead mother of Joseph Kamau: Rather dead than be the mum of a thief! The pride in your heart stuns my mind The shame in your death punctures my heart And I fear the paths my thoughts now wander!
I know this formidable battery of potential at the treasury can count. Of course they fully understand accounting. And they are not just in the know, they know fuzzy math when they see it, and know it when they do it, okay it and are okay with it. So the question is why they indulge impunity with abandon, why with Wanjiku they fwack, with the country they fwack, with themselves they fwack, and happily abuse their intellect to this level!?
With such a high math aptitude, why do they find it irresistible to always get the math wrong? Why do they insist, and invariably persist in failing their mothers and sending them to early, undeserved graves?
I am doing this culturally, because econometrically the explanation is straightforward, kindargarten sudoku! These ace technocrats are just a bunch of thieves by another name, and at worst the abetters of a class of national lootocrats. It is their job to always get figures wrong. But o get away daily with the falsification of figures needs a highly trained outfit, capable of intellectually intimidating semi literate Wanjiku ... (by the obfuscation of issues, which is why we are here to demistify)!
Culturally is where the explanations get complicated a bit. Wanjiku is not intimidated. She is angry and shocked to death by the base heart of her clever sons. That is a very delicate issue. The total repudiation of theft. A soul so morally outraged, so cheated of honour it dies. Yet theft is our state fetish, celebrated and honoured at elections! Something must give to redress this imbalance. But what!?
WHAT IS TO BE DONE?
One powerful option is that you treasury guys, Dr. Njoroge, have a death wish for the shame you wreak. That you are stricken by an uncontrollable subconscious desire for extinction. That is, you crave some real man, like a bloodthirsty military man, to walk in and have you relieve your rotten souls by confession, --all the financial sins openly stated, then march your disgraced selves to die at peace with yourselves at a firing squad line-up. Expunged of your sins by death. Heaven there you come!
Knowing a bit of human psychology, I doubt so many formidable minds can be happy with themselves performing at these levels of mediocrity where, for instance, two weeks into formation, Joseph Kabura's companies received close to a billion of tax-payer money! Many a man up there must be ridden with a guilt complex, self outrage and shame, watching Kenyans mutated by poverty into worms wallowing in sh!tbelts for a dwelling. Otherwise of course you would be subhuman. For subhumans have no conscience, differentiate not right from wrong, are morally challenged like psychopaths.
Culturally speaking then, you guys are begging for it, instinctively laying the ground for it. The purgatory, the cleansing ritual. That is why I took a peek at the classical punishments meted out to a group of young men who, over virile, burnt the home granary for a joke after they were well fed. This is the precedent I went to study in old Africa, to write this post. I studied 15 ethnic groups, 5 of them outside Kenya for control.
Old Africa is ruthlessly clear. HERE are a few classic precedents. Young men who burnt the grain reserves were given the CIA 'blacksites' treatment! (see footnote)
1. Boys hoisted up a tree and fixed naked. A deep basket is weighed around their private parts. The whole village passes by in ritual pace and drops stones into the basket. In time the private parts will be yanked off by the excess weight. 2. The boys are trussed and burnt alive over a bonfire. Ceremonial drums and chants as soundtrack. 3. The boys are put to the stake. A bamboo pole is rammed through their anus all the way to their mouths protruding. 4. The boys are tied to a tree and young warriors use them for arrow target practice until they are buried in arrows. 5. They are thrown into the village snake pit.
Man! Don't I hate Okot P'Bitek! He is the man who taught:
when out of your wits with this flagged Africa When whiteman book not make sense Consult the memory banks of our culture. Our ancestors have seen it all And they shall be kind to show you the way forward.
@toward a cultural revolution.
NB: Njoroge, stop abetting stupid theft. Obey your monkish calling and be sacked if you have to, like the equally brilliant chairman of the Indian Reserve bank, Raghuram Rajan, fired early this month of June. Though he puts it so diplomatically . see footnote.
I am joking of course, but not everyone out there has time for stupid jokes like I. Culture! I go with Goebbels for my gun when I hear the word!
Footnote 1.: what are CIA blacksites Old Africa is neither that old nor that barbaric!
FOOTNOTE 2:
Central Banker will merely be a political puppet, Oh? Earlier on I said Lebanon. Or was it the adventures of Lamido Sanusi, Njoroge's Oga twin. The subtext is this[/i] Brother man Njoroge, your grave is already yawning, even if you fool yourself you are not yet dead!
Historical context, culturally speaking! I quit the Africa Library! Goodbye Omin mar Omera Okot!
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Post by jakaswanga on Jun 22, 2016 20:47:39 GMT 3
THE WORLD-WIDE PUBLIC CRISIS OF CONFIDENCE IN CENTRAL BANKERS1. The GLOBAL crisis of Central Banks 65 Milion people are currently displaced, as in refugees. It is the economy stupid! Zhou Xiaochuan, governor of the Peoples Bank of China Yellen, the FED, and Zhou Xiaochuan, governor of the Peoples Bank of China. What is going on in the world of Economics, the stated Queen of the sciences? Whether the name is Janet Yellen, FED; Elvira Sakhipzadovna Nabiullina, Central bank of Russa; Mario Draghi, ECB; Mark Carney, England; Stephen Polos, Canada; Raghuram Rajan, India; or Riad Salameh, Lebanon, there is a whale of a fcuck going on. Haruhiko Kuroda, Japan's central banker. That is the international perspective worth bearing in mind as one observes the strange going-ons in Nairobi, where the cabinet secretary for finance, Henry Rotich, is preparing a straight-jacket to hoist the occupant of the governorship of the Central Bank of Kenya into. The incumbent is of course hero National Patrick Njoroge, a man who has gone rogue by infusing the hitherto moribund and ossified institute with a dose of competence and hard-nosed sense. He and his successors will, on the passsage of the Rotich-Kinyua bill, be restrained like violent psychiatric patients in the wards or outside. And Africa is of course insidiously cruel to the gone mental! Where art thee, reformers of the African pyschiatpsychiatric Where art thee, Central Bankers to sustain the rise in Africa!?here below is Njoroge after Rotich is done with him HOW DID IT COME TO THIS? (central bankers in chains?)We forget the tribulations of current Russia for the moment, because Russia's economy and GDP totally collapsed under the drunken buffoon but Western darling Boris Yeltsin. That paved the way for a man who would have the Central Bank in his pocket, but not in the fashion of the Yeltsin Oligarchs. A long story for later on the politics of a central bank turned. Far and wide once upon a time in the West too, Central Bankers in the big and dominant economies, after running amok like psychopaths or sleeping like drugged dogs on the job and driving the world economy to the dogs, starting with the (mortgage subprime ignited) Wall Street Banking Crash of 2008, are now primed for the Hannibal Lecter treatment. In fact the chairman of the Bank of England wont be sleeping tonight unless on pills. He wants BREMAIN on June 24 2016. BREXIT would be his certain death. DRAGHI, THE ECB AND HELICOPTER MONEY: WTF?The Italian has been throwing everything in and out of the book to jump-start the Eurozone slug. His desperation has taken the disguise form of a clown. His performances are theatrical treatises in cluelessness. A critical negative interest rate of x% does not work. What does the ECB do? How can Greece get out of a permanent recession with more extreme austerity!? And now this And more on the idea of Draghi as a captain out of his wits in the rough and high seas As for Janet Yellen, her fellow critical Americans watching the QE's she inherited from Ben Bernanke falling apart, went like PEOPLE: VOTE YES OR NO TO HELICOPTER MONEY. Referendum querry! But there is a debate which has come to the fore, especially in the Eurozone, precipitated by the insoluble Greek crisis: the democratic control of central bankers. But to lay a foundation for this argument on how much leash central bankers should be allowed, there is one country and one particular episode which I will refer to as the ZERO HOUR. This was 1998 when with the election of New Labour in Great Britain, the incoming minister of finance, Gordon Brown (Chancellor of the Exchequer), (RE?)granted the Central bank of England the statutes of independence to set interest rates. Continued.
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Post by jakaswanga on Jul 24, 2016 15:26:55 GMT 3
PUTTING PATRICK NJOROGE ON THE SPOTA. The Long, Long Think! Patrick Njoroge Sir, I was reading the daily nation yesterday and soiled myself in laughter. Only for my heart to darken soon after. It was an article about something called JORETH, which the nation's editors had been researching in connection with the tussle over land, between Arap Moi, USIU and a Kenyan-American investor speculator, George Kiongera.Here is a hint from the starIt is a juicy bit, the Daily Nation expose on the intrigues of land, and somewhere along in the story, the character of Duncan Ndegwa came up. This Ndegwa used to be where you are, Dr. Njoroge, he was CBK governor. Take a look at the chipping. www.nation.co.ke/news/How-the-rich-and-powerful-took-over-prime-city-land/1056-3307928-cbqf9lz/index.html it is a classic case of what a man omits to say which says it all! As this Ndung'u report thing continues to gather dust waiting for better forged men, I want to consult upfront men reputed to be o real caliber, like you, Dr. Patrick. Why was I laughing then!? I was laughing because I remembered I still never heard the possible IMF pawn Patrick Njoroge at his Yale Cum Laude, pitching on the Eurobond! in a fashion which shuts up Oxfordian Ndii and financial journalist Elderkin. Like Duncan Ndegwa in his memoirs, it struck me Njoroge is very much on his fifth amendment on some matters! How do we put it, interesting, quite interesting in Daily Nation underspeak! I find that funny! Very funny! -what the DN possibly can mean by 'interesting'! And then the daily nations spoils my fun thus ICEA in the first quote from the Nairobi Star, bought the land from Arthur Magugu.This land made futures and fortunes. But how does it tie up with colonialism? and was there an original sin? to be redressed? That is what I am racking my cranium about! an SOS for help issuing! I need a thinker now. O I do. A thinkeer who must double as a bureaucratic fixer with a head for the possible. I want to take up the Maasai case. I want to re-open, break open the Laibon Lenana Ogirimiti which gave the land for a song to the colonists. After usurping the throne from his brother Senteu, Lenana the son of Batiany fcucked up deep. But he is long dead. It is the curse of the living to correct the mistakes of the dead. And it is my habit as a teacher to, first, go to the best minds in the class with a problem, before I visit diviners, shamans and, finally, vintage brutes with a ruthless sense of the practicals. Therefore, Njoroge, listen carefully. 1. This is the way nationalists like Ojijo Koteko taught South Nyanza to sing: Lenana nene ruodh Masai -Olaibon! Lenana nene ruoth Masai -To wiye diny Lenana nene ruodh Masai -to chal Rombo
Nine-teen-zero-four Ogirimiti Nineteen zero four N'gano rombo Nineteen zero four, ondhogo joge!Quick translation: Lenana was the Lord of the Maasai, a Laibon. Actually he was thick-headed and better be called Sheep. In 1904 he proved it, being a super traitor to his people, signing a most stupid agreement. In 1904. +++ NBL That was the introduction. I will be writing abruptly because I am taking care of all the children in the plot as their mothers go to CHAMA. So I have to keep on abandoning the keyboards to lean over the balcony to oversee what trouble the rascals are up to, playing outside in the parking bay, from where occasional bursts of wailing will be heard.Lenana wanted the British to help the Maasai to be powerful once more, so that they could defeat the Nandi who were their big enemy at the time.Remember O Great Luhya people! that Raila and his Luos are your big enemy at THIS time!
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Post by jakaswanga on Jul 24, 2016 20:12:45 GMT 3
LAND: PUTTING NJOROGE IN THE EYE OF THE STORM!Interlude A1 Dr. Njoroge, I have taken it up as a hobby to follow up this Maasai land thing. Let me not call it a landgrab yet. Somebody else will, soon. Wayward Turks like Ababu Namwamba, a rising star by some narratives, wont contribute their pretentious legal military expertise nor political skills to this case. Great Hopes like the now deadened CJ Mutunga were faster at nyamachoma parleys with Moi than confronting us with a revised ruling of the 1913 Crown versus Parsaloi Ole Gilisho! (even as an intellectual reality check!). Would-be Progressive captains like Raila wont face the issue. In fact the word historical injustice seems to refer to other countries than Kenya. Parliament wont touch Ndung'u, Solomon Marende speaking or some other charlatan sitting in.For Uhuruto, one part is called Land Singh, the other Kenyatta. An earlier Kenyatta having been pathologically attached to land. That closes the hopes Ndung'u would mean anything but a Pandora's box to the digital duo conjoined in a waning joint presidential act. Leafing through the jockeys to bet my land futures upon, I heard there is a new kid in town. His moral fibre, they said, is a brand heretofore never reached the peak of CBK! My spirits so lifted, I decided to sound you out, Patrick Njoroge, find out if your mind scares at Land. Land, the creator of the wealth the Kenyan elite so obsesses. Land, the original Theft of colonialism, foundation of modern Kenya. For what is the Central Bank of Kenya if not the rosy flower growing on a land theft? A Maasai Land Theft Just a laugh, huh!? The independent Kenyan state of course borrowed money from England to compensate the white colonial settlers whose land would be acquired by the new government to build stuff, or to dispose of in willing-buyer-willing seller constructions. Interestingly it was reasoned the Maasai were very happy with this arrangement which recognised not any grievance, or misgivings, the community may have felt. --Perish the thought! Communist agitators is how fellows thinking along those lines were denounced! -- like Kaggia! Hmm, the Maasai need a saviour. I am happy former presidential candidate Kiyapi is a born-again! (incidentally like the Samoe pretender William). Such tamed minds are very Laibon Lenana in international economic agreements to date! like EPA! On Maasai land, let me quote a Kenyan who, in my opinion, has a passionate touch for the factology of land which is rarely seen in academia, yet detached enough to be a treasure of rationality. intellectusconsultancy.blogspot.nl/2014/08/the-fallacy-of-kenyan-land-politics.html I remember this shock being expressed by Ngugi wa Thiong'o in a public lecture long ago! 'we were tying a noose of debt around our own necks, calling it independence!' That was when I went to read NOT YET UHURU!Anyway, I waited for this day CJ Wily Mutunga would crack a joke to open the discussion about this abscess ticking at the heart on the land: to no avail. But just imagine for a moment this scene: MUTUNGA: Chief Justice Barth in his 1923 ruling, affirming the 1915 Crowns Land Ordinance, was erroneous! Therefore I CJ Wily Mutunga ...etc etc
declare the ruling null and void, in which case I post-humously award victory to the African litigants ... Then would we see what legal brains in Kenya are worth, tearing the 1963 Lancaster Independence agreement apart. You see Njoroge, that Lancaster independence document is a Laibon-Lenana 1904 Ogirimiti! A treaty of Versailles like yoke on the neck of Germany.You catching baby!? The people of Kenya went into deep debt by the ex-colonial power to buy back their own land! I need a thorough economist to read me how that works, that improvement of land by mechanisation we had to compensate. For Coming from history and political science, I know how that debt works: neo-colonialism. The debt trap. And you are an IMF'er baby! Now you give to me, doctor, I will go into debt to pay your Yale-bred consultancy rates on this! NB: Not even prof. Ole Kiyapi is catching, let alone Gen. Nkaissery. So some smarter arz like you, Dr. Patrick, has to do it for them Maa! That is why I am bringing it to you! -No, not even Wily Mutunga could catch the joke! Joke, huh!? The Palestinian word for their displacement from their land is NAKBA. It does not translate to JOKE. Interesting, interesting as the Daily Nation editors would record. Thie discussion continues later. Time to feed the kids and socialise with the missus.
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Post by jakaswanga on Oct 11, 2016 22:01:28 GMT 3
AHOY THERE! DR PATRICK! champagne!? But this is Africa, and it is crisis time. And that is when second opinions are good to seek. And then there is worse: some of us have done learn think stuff under party-poopers, you know, hardened minds like Wole Soyinka and Ngugi wa Thiong'o. (I will avoid mentioning Achebe and Ousmane because of their humorous cheek in presentation. My mood swing today rather appreciates an Africa giving cold menacing eyes, a Mother Africa visiting her price fighters with illusionless interrogation! No quarter given. Saa mbaya)You see, Dr Patrick, even Njugunah Ndung'u won these African prices. Who is Njugunah Ndung'u you ask!? He is
. shirringi shirringi, priiz ngro up! But worse, he is the guy who left the mess you are getting prices for cleaning up. He was very much in bed with rotten bankers! So what are these prices worth!? I ask you because your INTEGRITY IS FAMED, but, O God, how do I put it, you are still addicted to your fifth amendment on the EUROBOND! There is this bad doctor called David Ndii! And he is a part time accountant! But even as part-time accountant doing PRO BONO, he reduces the illustrious pair of you, CBK Governor, and Eduard Ouko (Auditor General) into little more than charlatans and frauds! (fearful minions is more like it I think!) Take a look Why wont Africa's greatest banker talk about Kenya's alleged latest greatest rip-off? These african prices may just be shoddier than the shoddiest made in China (SAMSUNG GALAXY NOTE 7!) nb: tO maintain credibility, Mo Ibrahim lets pass! Ach, some prices are like power which hates a vacuum and must be filled, even with junk! Champagne!?
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Post by jakaswanga on Oct 15, 2016 7:39:26 GMT 3
WHY DP WILLIAM AND CREW WIPED THE FLOOR WITH CBK'S DR. PATRICKLet us put it in historical context. And that will work out to Jukwaa Onyango Oloo's JUBILEE AND THE NATIONAL QUESTION. It is an ongoing sequel, a bumpy ride, our evolution into a federal state. In this latest episode I have in mind, it has been Jaindi Kisero of the East African Finance journal raising a red flag. And it is worthwhile to exert mental sweat on the bone he picks. Here is the gist: summoned to Ruto's official office private residence at Karen Nairobi, sadistic politicians ganged up some and softened up Dr. Patrick Njoroge's arse, turning the CBK governor's price-winning mind into jelly. It is a curious but inevitable meltdown of the Opus Dei rock. So Njoroge got his orders ex-officio! A hooker summoned to a rape fest and mentally stripped to submission? Would Jaindi really not know why? Keep this in mind too How do we explain Njoroge's mental collapse before the wolf pack of savage and financially primitive politicians? This tension is deep. I will leisurely do some rehash of episodes from the past. This is a long running societal conflict, and this Ruto-Njoroge show-down in which the later was bent, was just another weak pressure point. Before Meru Governor Peter Munya took over as chair of the governors conference, Isaac Rutto of Bomet was the articulate troublemaker. I think Onyango Oloo, Jukwaa proprietor, to differentiate him from his namesake who is a Jubilee hot-shot, explained best in a digital which bee was up the Bomet man's bonnet. Those tensions have now channeled to blow up Patrick Njoroge's resolve on imposing financial discipline on counties. But remember there is a way in which that 'resolve' is explainable ... rationalised ... as nothing more than an IMF Trojan-horse to have the Nairobi central government firmly in control of finance, this to ensure the effective running of Kenya as a debt colony. You see, it is intellectually unsustainable to assert the superior financial discipline or competence of the treasury mandarins in Nairobi! --Rotich, Thugge, Njoroge, are NOT running a leaner and meaner accounting regime ANYMORE than any corrupt governor near Wanjiku. Neither is Nairobi transparent and her books the epitome of balance! (in deed Ouru has been signing bills to precipitate more opacity on expenditures!) The Nairobi whizzkids can not explain a 50bn Eurobond account (just to shut up about the Auditor General's other highlights)! and BEHODL, here they are to lecture others/governors on fiscal discipline!? It is like our Nairobi Mpigs lecturing county MCA's on the pitfalls of high public wage bills! Yeah, the Nairobi-based Central government accounts are a scam every local politician sees through! Them wolves know Njoroge is a dog on a leash, so they can call his bluff! WOOF! Call his bluff the way Mpigs called fin-sec Rotich's bluff. They threatened to impeach him if he cut their perks in a budget austerity pitch! Rotich promptly caved in! And Ruto is running for president. The pack of wolves from the grassroots can use his non-stop ambition to blackmail him, to force him to rape or cannibalise Njoroge's would-be chaste morals at finance! I once noted: in reference to Munyua's comment that IFMIS WAS DESIGNED FOR A CENTRALISED FORM OF GOVERNMENT AND NOT A DEVOLVED ONE! What is the problem? There is an election coming and there is real competition. Many governors are facing literal life and death choices, and a man like William Ruto has a presidency to secure. And then there is the political dynamic of the country. Those in cosy offices with security of tenure have no idea how dangerous county politics is. Bluffs will be called. Ruto's bluff was called, and he turned around and called Njoroge's bluff. Jaindi Kisero is worried, correctly, but he is a financial journalist and he may not know why few governors or politicians sleep in their rural homes. And if they do, why their armed --state like-- guard is a battalion on war-footing. People who fear their families could be arsoned to dust any one night may listen to tales of fiscal discipline from career bureaucrats like Patrick Njoroge with scornful amusement. And then have his arse for supper! The primacy of politicians over bureaucrats! NB: Some have forgotten the REFERENDUM which the governors, cross party and united globally, pitched on the devolution of funds. It threatened to merge with CORD's bungled OKOA, sending Jubilee into panic modes --including the crazy proposal called the Raila age limit clause! Remember the night meeting in which the deal was struck to call off the governors referendum? He, Jaindi Kisero, pls read even a redacted version of three points! Njoroge does not want to loose his job yet! Let the election pass!
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Post by jakaswanga on Oct 23, 2016 16:19:13 GMT 3
KICKING THE CAN DOWN THE STREET, DR PATRICK'S LEGACY OF DEBT FOR THE FUTURE GENERATIONFin-Sec Henry Rotich is missing in action. Holding fort is then Njoroge who becomes our whipping boy. May be the rescue mission to reclaim the Muthamaki from the lair of Corruption cartels will, as collateral bonus, unearth the whereabouts of the Harvadian brains from Kerio. Then shall we party to welcome back the lost or prodigal brains! Meanwhile we can only direct attention at the only place in the battlefield where some semblance of gun-spurts report an not yet wholly overrun position. And that is the battle station manned by the Opus Dei valiant and Githongo shadow, Patrick Njoroge. Who else within this adminstration or shadow cabinet for that matter, can you, on a serious note, discuss debt and cash-misuse as a future problem? --Patrick Njoroge only. But even him, the way they have kicked his teeth in, I doubt he can be any coherent in retort! I have spied him take extreme care to hide his thoughts, on the Eurobond for instance! This kind of alarmist report paints a picture of NJOROGE'S CBK REGIME as a DEBT BINGE. But, minding the prices Njoroge has bagged of late, let me pass the buck to Henry Rotich and his sidekick Thugge! These two, in turn, playing the national sport of passing the buck, can point fingers at Prime Minister Joseph Kinyua! Kinyua. The PM is of course the Lord Protector of the infant Muthamaki and thereby the brains of the apprentice president, and, more poignantly, he is the bridge all the way back to Arap Moi's trashed parley with KNUT's Ambrose Adongo. That is long before half of all living Kenyans were born! That is really ancient stuff. But we will soon find out why it is important: current expenditure forced upon Rotich. But that long ago, the game was to have KANU get re-elected. That was the same game whose sub plots included the notorious and criminal YK'92 super inflationary project, which made Jirongo and William Ruto. Howbeit I perceive Patrick Njoroge's recent parley at Ruto's office -to have their excellencies the governors and PS's borrow at will at their own discretion, as but another lighted line of charge which will explode way far in the future, albeit after the purpose of Jubilee re-election is served! ---Yap, there are few things a government in power can do to smooth-sail elections outside spending money they do not have, spend it on mass bribery!) So it is print it or borrow! But let us pretend we do not see stuff even if the lady wears a see-through. Let us concentrate on the formal. We borrow to INVEST on Production and not spend on consumption. But in practice, we waste and apportion huge parts to corruption! What is the political economy of that? The ruling class borrows money on behalf of the public, the ruse or pretext is to finance development and infrastructural investment. They then loot 25%, use another 25% to service loans including to banks they own; yet another 25% goes to a massive bribery racket called Public Wage Bill. (crumbs can then do the necessary minimal infrastructure!) PWB is a bribery racket because the labour productivity --measured as a variable of money spent on how many people working how many hours/year producing which value at the world market, reports a nothing doing bureaucracy! In layman's terms we now speak of POLITICAL OVERREPRESENTATION. That is our Mpigs and senators and MCA's can be reduced by 60%! and the political service improve!NB: Recently an MCA --a former bodaboda boss, hired me as a driver to ferry his select sponcy's to a function at a discrete hotel. The three ladies, one of them a former college student of mine, refused my aging probox! -Go-damn! Not to loose the business, I had to call on an old friend of mine who is driving a very top-notch model. He is a High School principal! The opulence I witnessed reminded me of videos from the private library of Mobutu Sese Seko's crowd. Yes, I have a good idea what we are funding with debt! Very well paid taxi drivers for instance! Red flag over Beijin loans!? that is what worries the IMF? Just joking! Here is Henry Rotich in action Continued.
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Post by jakaswanga on Oct 25, 2016 18:06:55 GMT 3
CLUES OF THE PUBLIC WAGE BILL AS A BRIBERY RACKET Aah, the financial year is still young! These statistics are therefore far from representative! There is a development cash avalanche coming! yummy! No? In the same vein (here is the AMBROSE ADONGO VERSUS ARAP MOI delayed explosions) 1. www.standardmedia.co.ke/article/2000218475/at-last-kenya-teachers-get-upto-sh1m-dues-each Unknown to many, there have been epic court battles to BLOCK THE PAYMENT OF ARREARS! Many are too young to remember Wilson Sossion to Joseph Kaimenyi: 'lipa pesa ya walimu wewe!' The then minister of education felt disrespected in his professorial and ministerial honour and and so marshalled the state to, underhand, intimidate the heady unionist -find some stuff to 'arrest' him for. Those of us in the field declared Kaimenyi brain dead. It took a while for his bosses in Nairobi to realise it and recycle him on to some other department where he can mess and not immediately face people who call a spade a spade. But it was not Kaimenyi's fault in the big picture. It is just that like many Kenyans, he failed to gauge and recognise how deep the teachers thing goes. This is why I finger Prime Minister Joseph Kinyua. He knows. He is probably the only bureaucrat still serving at high levels who can tell the story in detail. The story of the teachers salaries! From Moi to Muigai.2. THE 19-year running dispute catches up with the treasury. This is the can Raila and Kibaki kicked down the street. But at a preliminary ksh, 1.b bn, it is not much of a bill considering NYS under Waiguru lost sh. 1.8bn in two weeks! (and Njoroge's central bank snored by!) Retired teachers to get up to Sh1m each in pension arrears. What else can the government do other than spend money it does not have? Yes, there has to be a massive bribery to secure election plans. And so the monerary disciplinarian Patrick Njoroge found himself in the role of the sheep which attended a barbecue party. Jaindi Kisero twitched his nose, his appetite lost, his belly running upfront at the aberration! Lipa pesa ya walimu! William Ruto, or what did you think Peter Kenneth is up for?
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Post by jakaswanga on Dec 4, 2016 12:16:02 GMT 3
WHAT IF PATRICK NJOROGE HAS NOTHING MORE TO OFFER, AND IT IS THE OLD INERTIA?No, this is not about Njoroge's clerks at the CBK manipulating IFMIS to loot naive counties like Kilifi off an easy 50 bn! That is --considering the ongoing CBK EUROBOND omerta--- small change, 'chinglish' (copper dimes) for the office of budgets under lazy man Rotich!Neither is this about uhm ... the complaint against you where the
uhm
... same network of GRAFT CARTELS who have set up top-girl Anne Waiguru for the maximum fall, are out for your neck, not with their d.cks though, but on the chopping block. Here But this is a tired old song. It is what Mumo Matemu said on his departure; what PLO Lumumba speeched; what Philip Kinisu too had as alibi for his rotten self, and Charity Ngilu too. It is becoming a wolf cry by that herdsboy of the folk tales. A complaint to the ethics and anti-corruption agency is itels a joke, even if protocol proof! But we decipher the move. Here is a by the way to illustrate how the same (anti-corruption) AGENCY is colonised by The Kartel, as in Soyinka's season of Anomy. The Mubea and co agency failed to appeal a NAIJA-MOVIE-LIKE INJUNCTION. The High Court Judge JL Onguto, found a loophole, a technicality TO NULLIFY all investigations into the Big Guns! I said NAIJA-MOVIE -like, but I was kidding. I meant Judge Mutava-like in the Kamlesh Pattni (Goldenberg) case! It is not a Nigerian thing, a judiciary or public body owned by corruption networks, it is the standard template of state kleptocracy anywhere. We only detail THE SPECIFIC case of our land. Because that is naturally our first concern. But it helps to put it in perspective with an abstract, far-off case, for that reduces emotional involvement which can cloud solution thinking. We remember the soap with the commissioners resigning --Presidential PA Njee Muturi and AG Githu faciitating the confusion. Now the profits of their labour become apparent. ALL THE PRESIDENT's men, even as the president theatrically professes his impotence in public! Neat game! They failed to appeal the ruling!? neat game, clock work precision. What a convenient oversight I say. I know how sharply-trained Kenyan lawyers are, the likes of professor Nyakatch Ogendo forged quite a department, so either the EACC deliberately employs the dumbest of the dumbest, or their sharp wits were conveniently blunted for the usual 12%. That is 12% of the total amount those in the list of the damned would have had to refund, including fines. The figure can not be less than 15 billion Kenya shillings on the bonus side alone. But these is not what this post is all about, O Patrick. Neither is it about this 'lamed duck' pitch of yours, Dr. Patrick sir! I think you, Dr. Patrick, can grow up and do better than that toddler gurglish nonsense up there. At your station, reputation and pay grade, you should VOLUNTARILY have a comparative analysis how the IFMIS has worked elsewhere, and a quick look at Malawi for instance would have revealed massive frauds with the system, such as to, prudent as you supposedly are, import upon you to IMPOSE a double check on all of IFMIS's major transactions. Kenya being no land where an opportunity to steal from the public can be foregone! IFMIS as a a water basket carrier case is well established then. But such --hear nothing negligence or --see nothing-- foolhardiness on the part of the regulatory clerks at the CBK, a negligence suspiciously reminiscent of the EACC lawyers who fail to appeal an ODILI-LIKE, Tom Ojienda-like injunction imposed by Judge Onguto, is not my beef for the day. These are routine matters which can be handled low down by alert account controllers on the floor, without the governor of the central bank needing-to-know, if he runs a fit outfit. An open eyes ivory watch tower! But really Njoroge Sir, I think you, the CBK as an institute, should know who is being paid and for what, with respect to PUBLIC MONEY --you checked the latest anti-(terrorist money)laundering laws? Of course I recognise the caveat: I once got explained why this laxity in multi-million Nairobi financial transactions is the necessary price for turning the city in the sun into a the Financial capital of an emerging Africa. It was detailed to me how New York did loose its first spot ranking to London!If you start asking people and firms wherefrom, to where and why they are transferring those dazzling amounts, you are being too nosy, being too business unfriendly, and will loose out to cities with blind sentries! I accept that caveat, but when it comes to Wanjiku's cash, iwinjo Omera Njoroge, PUBLIC MONEY that horsedung the standard.ke is quoting you as having said, is so beneath you, I really do not think corruption cartels have anything to fear from you in that case! You are as blind a watch dog as the then governor of the central bank of Mozambique, Ernesto Gove, who woke up one day to find the country had a secret $4(?)bn loan, negotiated and executed by defence headquarters! I do not speak Portuguese, but I read his body language when presumably cheeky journalists raised a placard to test if the decade-long governor was even literate enough to read the date that day! He said he knew nothing of the deal. The denial 'stretched credibility' according Mozambican lingo. But one year earlier (like our infamous Prof. Njugunah Ndung'u whose partner famously demanded entertainment allowance from rotten bankers her husband should bar from business) even as the secret loans heist was on, Ernesto Gove was winning prices, the same one thy Dr. Patrick won this year! He was sacked last month by president Felipe Nyusi and replaced with IMF darling Rogerio Zandamela. (Remember Goodluck Jonathan and Zanussi Lamido Zanussi!? And Jacob Zuma and the soap with his finance ministers and the Rand, running scared!?) No, Dr. Patrick this is not even about this neither Of course in a meetng with the DP William, the governors holding The Singh hostage with the chains of his ambitions, you Patrick was co-opted into giving the kleptocratic county CEO's even more latitude for credit! It is an opuk igoyo e pige route to bankruptcy, but yes, you were coerced. Still this is not about that. All those indictments I consider minor. I could slap your cheek for them, whip your butt a couple of times, pinch your cheeks, frown a lot, but nay, for these digressions I would never shove your neck into the guitar-wire noose of Candidate Ngatia. -- Candidate Ngatia, if you never heard, is the CULTURAL PHENOMENON out to extend what we already do to petty thieves, into a national sport. Live at Uhuru park. The rogue candidate has unnerved me. After my tour of African duty under a famous tyrant now celebrated world wide as a benevolent dictator and shining example for Africa, I became a convert to and a zealot in the Miranda cult, an Innocent until proven guilty type of die hard or fanatic. Now, in my middle age, peacefully settled, new identities built, butt obsessed and sex crazed, Africa through Ngatia is mocking me fierce, Kenya through irredeemable corruption is goading me brutal, into recidivistic fantasy's of atavism. Everywhere I go, impunity puts on a grinning mocking mask, uta do!? Everywhere I look, the powerful are but the puppets of a cartel, uta do?. Like the old muppet show they used to air on VoK TV, the political, bureaucratic and judiciary actors are a merry of clowns dancing to the tunes of masters behind the scenes, masters laying the nation to waste, asking, uta do!?And it is a continental phenomenon. I am scared stiff, coz I know what Africa can do. It is not a vision. I saw it live. And I had enough! So, Patrick, this is about the future of Africa and not some loose change, even if the pilfering of loose change illustrates why African treasuries are such leaky, bottomless holes. Ati mta do!? that is childish minds asking Mama Culture! But they really do not want to know!? Now, let us ride! and take care of the beef.
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Post by jakaswanga on Dec 18, 2016 14:45:00 GMT 3
KIBAKI'S STROKE OF GENIUS, WHERE IS NJOROGE'S FOLLOW-UP?How the times they change, and fortunes too, when the necessary is done, or not done. colonialism = India Down Enland Up. This inverse relationship is a ponder. That was 500 years ago That was centuries ago AND NOW ENTER THE ASIAN CENTURY!And Mwai Kibaki's 'instinctive' move! Kibaki's 3rd visit to the PRC! In less than 5 years! Symptoms of an addiction in the making!? President Mwai Kibaki and President Hu Jintao of China inspect a guard of honour at Shanghai International Conference Centre. China will lead the construction of Kenya's second seaport in Lamu estimated to cost $16 billion Job of Jukwaa was shell-shocked at the consequences as the USA, two years late, still feeling spurned, sulked on like an Arab cuckold. Kibaki duly snubbed by Obama. I like to take a look at publicly available statistics and then ask some knowledgeable fella to break them down for me. And since I like thinking things, I don't like bullsh!t, even if it is from Ivy-league Summum Cums. Ex IMF hot-shot and African central banker of the year 2016, Patrick Njoroge, is a good stop to start, looking for sense! Now this is June 2014 And this is October 2016, two years later. In Asia, the explanations are predictably different from those hawked around the streets by the fleets of market propaganda rags like the FT and WSJ. The Asians did not lobby hard for IMF accommodation. Their economy became arguably bigger than that of the USA. Also, outside the West, the Chinese are everybody's biggest trading partner, and rising. Over 60% of the reserve currencies (dollar, euro, pound) are held outside the West, a historical reversal. It becomes possible for them to trade outside the dollar, bilaterally. There is something called realities on the ground, like, think about it, why China entered the UN only as a veto-powered entity. Babies do grow up to occupy their seats apart as adults at the table. Or, confident and trusting on own might, they form their own tables where they can sit around with other emerging powers. Think of tables like the China-launched Asian Infrastructure Investment Bank, tackled here on JukwaaThere is also the keen sense of awareness in Asia, nearly an inevitability, that things being normal, Asia with its population is the global centre of gravity in world trade and you name it. Reclaiming this dominance is the natural end result of the completion of centuries of struggle against colonial and imperial domination. Free at last. Home century. That is a table from London! You bet a table from Asia is slightly different. For Britain they put the EU. For Brazil, either Russia, Indonesia or Japan! Reducing the global dominance of the dollar is not a recognised aim in Asia. It will be a natural consequence of the economic success of Asia. India punching its true power like it did before colonialism brought it low. Very soon forex buros in Africa where it is not yet happening will have the Chinese Yuan at the top of their neon-lit tables. How many million Africans visited the China for business purposes the last two years? Now, try getting a visa to the West for whatever reason, and find yourself treated like a criminal. So what are the natural consequences of the much-talked-of rising of Africa? (EAC, ECOWAS heavyweights!? Or the giant United republics of Subsahara Africa, URSA!?) SO? --meanwhile
. So who is our (Kenya's) biggest creditor, biggest trading partner, and what have you? And what are the projections for these figures, 2030 when we (officially) industrialise apart!? So, in which currency's are our foreign debts denoted, and what is our debts %tage break down among the world's reserve currencies Dollar, Euro, Sterling, and now Renminbi of course. Things can't just stay the same, can they? Kenyans like most Africans would probably rather study in the United States, but Africans and Asians are not allowed into nuclear physics in the West. The Indians call it Nuclear apartheid, only white countries deem themselves rational enough to posses the power of thunder. Even Stalin was reluctant to help Mao out with lab formulas to speed things up for the Asian! The insult cut so deep Mao never bothered Stalin with communist brotherhood again. In the same way, Einstenian African brains head elsewhere. They look East like Mwai Kibaki did, tired of being intellectually belittled by minions. It is not that they abandon the West, it is just that the west DELIBERATELY wont offer them what they want to study, and lots of Africans wont be patronised no more. They grew up, far away from the post-colonial docile kid. Kibaki's assertive choice caught the rising mood. You see Africa has a massive power deficit. The tribal opposition to damming rivers is tremendous, not to mention neighbouring states sharing the rivers. And with changed weather patterns, water flows are too see-saw. Wind and solar and gas are accessory. Africa needs nuclear scientists to do modernised nuclear power stations to generate the going industrialisation energy rates. A no-brainer that ----- (But there you are with your Uhuruto bent on poking Iran's eye at the behest of the usual suspects, while Iran may be one of the only four countries which can train Kenya nuclear power scientists! --Man, there are moments I look at this duo and think, can young African leaders in the modern era still be such toys in the international game? Unfortunately yeah, for selfish, corrupt and narrow individual gains, young African leaders are daily game!) Back to the chronicles of the Chinese Yuan, and where Patrick Njoroge comes in, must come in! next
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Post by jakaswanga on Dec 18, 2016 15:59:18 GMT 3
WHY IS NAIROBI NOT THE CLEARING HOUSE FOR THE RENMINBI IN THE RISING AFRIKA?Apenji Omera Njoroge! Africa's central banker of the year of The Monkey! And to date Mario Draghi, the Patrick Njoroge of the European central bank, is not imbuing the markets with any confidence in the euros's future, is he, printing money like cheap! Okay, African economies are still deep into eurobonds as smart money flees? Colonial loyalty and slavish optimism, or hard-nosed business decision? I went to ask of those I think might know, or at least are officially overpaid to think such stuff through. Patrick Njoroge will do. Okay I admit a bit of discomfort at asking Thugge and Rotich. They strike me as too lazy to bother understand the question. NB: There is a difference in Eurobonds. There are neuro- and zeuro-zone bonds. And one must check which subsidiary central bank is guaranteeing his particular eurobond. Every EU state still has a measure of independence at its Central Bank. A Danish signature is not equal footed to a Portuguese sign. A German stamp is not the same worth as a Greek stamp. One of those is pure Junk. Just saying, coz I don't remember Henry Rotich making this distinction in parliament. May be you guys can not point out what the eurobond money did because they were Greek stamped! Thin air investments! But here is the more important beef[I got the blues at that. I expected at least one RenMinBi clearing house in the rising continent, Africa, and I expected Nairobi to beat Lagos and Jo'burg. In the event I found no African Capital city mentioned. Then I want to have answers. From guys who must know why. Patrick Njoroge for instance I presume. Sawa? How then are we rising if our greatest trading partner and creditor is not tapping us, neither us tapping him, for a bit of heart to heart, currency to currency, real business steps!? ---He, yawa, Njoroge!? Who is my daddy now!? I do not mind Nairobi being an offshore paradise for spillover illicit cash from the money-laundering center of London,I really mind Nairobi not worth a propect mention as a renminbi clearing house! Ouch! This is issue is important to me. The Euro is currently a currency being printed like Mugabe's dollars; the USA economy is as indebted as to be a bigger version of Greece, The IMF itself is headed by a woman barely out of jail for corruption in her own economically dead country, and here is the Nairobi treasury not diversifying into a RENMINBI auction centre!Don't I know it when am missing something juicy! Looks like missing the boat, waiting for the next round trip. If Kibaki's instincts were right to look East ---though much to the consternation of some diehard western loyalists,----- the econometric instincts of intellectual batteries like thee who head the CBK must complete the turn at the material basis. Other statistics suggest Uhuru and Ruto have nearly tripled the public debt in three years, another Jubilee term of massive borrowing and spendthrift looting needs a back-up plan. Let us be prudent, or the taxpayer's back will break. This is why I am pissed off when corrupt and rotten and pimpish celebrity lawyers like Ahmednassir distract you from hardcore national business. You know a hot kid like TJ Mboya took only three years at the ministry of economic planning to have a team author the industrialisation blue-print which Anyang' Nyong'o and Francis Muthaura unearthed during the Kibaki-Raila NARC. This is the template for all these 'DEVELOPMENT' photo-ops of which Uhuruto are basking without historical sense. Including the SGR and LAPPSSET. So, if you are doomed to be a one-term governor like Sanussi Lamido Sanussi (sacked by Goodwill Jonathan of Nigeria) I still expect you to leave in place, even if to gather dust in the archives waiting for a later revival, a binding-banking template for the next half a century. If you can't, you are just another fcuking fake. In Kibaki terms, a red, red goat's kunt! Now lets do Brexit, and the Bankxit panic in the city of London. The Big Banks are looking for operational headquarters within the continent, to abandon London in the event of a Brexit. Land rates in certain prospective cities have entered a speculative boom which,with free euros flowing from Draghi's printer, looks like the making of another real estate bubble. But that is another story. The story here today is how London moved to entice the PbOC, peoples bank of China, to stick with London as its chief clearing house in Europe, even in the event of a Brexit! I am saying, I want hear you beat Jo'burg and Lagos to it! And don't dare think Kinshasha is not in the running. Congo is backed by 3 trillion dollars worth of mineral reserves! But first things first. Safe holiday season. Don't get sick. Doctors and nurses are still on strike, and even their working mates breaking the strike are in a mean mood. Army doctors not being very rich lootenants could easily think it is people like you who steal all the money, leaving nothing for them! A hungry man is an angry man, and an angry man wouldn't know the difference between Njoroge and Muraguri! between a CBK doctor and a MAFYA house doc!
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Post by jakaswanga on Dec 28, 2016 22:00:09 GMT 3
Patrick Njoroge sir,
I wish I could ask the finance minister Rotich, but I can't for obvious reasons.
My question is, is it this simple? A single treasury account and you debilitate bureaucratic corruption?
Wont it just be the centralisation of fraud at the CBK in Kenya!?
[/i] [/quote] How does it work in Kenya, this accounts scam? And has that cry-baby son of Jomo who tossed his hands in the air claiming there is nothing he can do against corruption, investigated this avenue?
Or he does not have to with this kind of report which mentions Reuben Cheres, Peter Gatere, Alex Nandi, Simon Gichuki, Medline Njeri Kihara, and Matu Mugo, as having a corrupted relationship with their jobs. These are names you may be conversant with. In any case lawyers like the Grandmullah are saying you and your deputy Mbijjiwe are protecting the scum! It is your word against his, before your deeds decide the issue beyond reasonable doubt that is!
So, if the chair of the central bank is rotten like professor Njugunah apparently was, what does it matter if the government adopts a single account at the central bank? -Wont a professor Njugunah and his boys just circumvent the IFMIS, forge documents and KAZI IENDELEE?
Of course I am kidding. The recent 51 billion heist from a county at the coast, Amason Kingi's Kilifi, did not happen under Njugunah Ndung'u! So it isn't like you can point fingers elsewhere, nor is African central banker of the year price worth a dried piece of eunuch sperm, considering the Mozambican who won it and didn't know the army had taken a $5 billion loan on his behalf!
So there is something else Buhari did to PREVENT his central bank clerks from the Kenyan's behaviour.
I wonder what it is! -But I hear rumours he allowed some very former powerful army people to be put in an ordinary cell for a few days, where their bottoms were worked very badly. The fear of sustained brutal sodomisation in jail seems to be the real weapon in General Buhari's arsenal.
But then Buhari is a former soldier and former soldiers do not scare him, as he once told Babangida. And this, a worthwhile opportunity cost for Nigeria?
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