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Post by jakaswanga on Apr 12, 2017 22:38:13 GMT 3
CAPPING MAIZE-PRICE GOOD, CAPPING INTEREST-RATES BAD? Yawa! At the treasury I like to talk of a triangle of super aces --Man Thugge, Man Rotich and Man Njoroge. A bit cheeky though I must admit, because I am a severe doubting Tom, walking with my eyes open both sides of town. For one, it does not help matters to read Kenya's ranking on the world corruption index has degenerated more, yet we were already hovering near the bottom. That kind of statistic incites bad thoughts, like our 'aces' could be one huge scam, that they are more likely a Triad of evil like those Hong Kong things who used to compete the Yokohama Yakuza, or, on the softer case, they are flower girls fronting a mafia regime, hired for the PR. On the Hjalmar Schacht kind of 'wirtschaftswunder' depth, I think you will agree, dear reader, that is a scale beyond the scope of our Nairobi Jubilee babes, the best of the hottest, perched at the treasury stools, selling sh!it-loose arz at inflated prices! This is our system run by no-nonsense lean and mean and clean disciplinarians (CBK Njoroge)? what is one suppose to think if they saw the German tyrant Wolfgang Schaeuble in austerity action? Stop being a goat, PM Joseph Kinyua! but of course there is that saying about old dogs and new tricks! Now the beef: MAIZE PRICE VERSUS MONEY PRICEIt is always important to catch the principle premising an argumentation. And when those presenting the case are brainy types (officially of the highest official calibre), one has no option but to argue the detail. And it is the detail wherein the devil is said to reside. Technochratic ace Rotich and his fall-back mates mentioned above, are therefore (officially at least), well equipped to thrash out the devil in this detail. Why is it that when it comes to the law capping interest rates, all caution breaks loose at the top, the Kenyan (establishment) economists sing from the same hymn, official thinktanks and banking braintrusts become identical twins in policy, and, in concert with bureaucratic firepower, drag their feet and weigh the bill down in opposition. Koro gin mana the famous case of PAKA YWAYO TEK? (Try dragging a cat!) - -Lo! Free market you know, they bleat in unison, Let the market decide the interest rate, it works best All the checks and balances are in-built, it is all a perfect self-regulatory system, it is a guaranteed equilibrium, you know! they chorus in consensus Government interference would be killing a goose as it lays golden eggs Back off, this is our turf! We know best what is good for the country and y'all! But, O God, when it comes to the price of POSHO, chapati and may be other 'household daily alimentary canal utilities', the finance minister who holds repute as an econometric superstar begins to wax touchy-feely and tender-lovy at Wanjiku!? Suddenly basta the free market, enter price controls, enter state intervention, frontal action, big cannonic coughs as heads nod vigorous in universal agreement with the WISDOM of a 'peoples' budget!Honestly I smell a rat! So I checked the classics on the uniqueness of market sectors. To interpret for myself, for instance, how the market regulates the rates of Koinange street happy endings, and health insurance rates for jua-kali porn actors. I gathered the demand curve for table salt respective price variation is apparently like the heart of a veteran prostitute at the words I love you, unmoved. But the demand for a blowjob with a happy ending, on the other hand, is so price sensitive that when it hit ksh.50 bob, Nairobi street hookers could survive on a diet of sperm! Some freak swallow maniacs could have died of high-protein poisoning for all I know. But the death statistics (distributed to the causes in that branch) is not my concern today, rather, my concern is the Kenyan economic theory of price variations in whatever market vis-a-vis demand curve fluctuations on the street! And then the RISK PROFILE of the average Kenyan middle and small scale business which the banks use. It is apparently as scary as 'young black male' to a Caucasian cop in Trumpland. The detail I am arguing, following my reading of the Kenyan Financial street, is that, letting the market (which means the cartel of corrupt bankers) determine interest rates, is not a question of principle and market efficiency, it is an ideological choice and institutional power prerogative. But there is a mandatory political game to be minded: the government is striving to be seen to lower food prices because it is scared of food riots in an election year, bad press, bad results, the body of government bureaucrats at the finance ministry are against interest caps because it stops them lining their pockets with bribes from bankers. Politicians can be voted out of office, bureaucrats are technocrats safe from such vetting. There is a tension there. --But at the top of the mandarinate chain, like CBK governor and the IMF coterie of apparatchiks infesting the whole realm, they are pre-programmed robots and parrots who must do their rut by rote; they are brainwashed into a unipolar view of neo-liberal deregulation. It is an article of faith, keeping the state at bay, except for bail outs. This top layer is a lost cause, since, like all pious fanatics in the lord, they of course possesseth the sole and only truth, Ahmen. Market principles rule!? We human beings don't buy that sh!t. Humans do, by definition, intervene to manipulate reality, we intervene to purpose a certain gainful result. We plan, we engineer stuff, correct dysfunctional bankers with for instance a Glass-Steagall act (now repealed by Clinton and Bailout Obam endorsed, well, Trump fully!). So a class in power can socially engineer the stratification of society that leaves them always at the top, that is they effect or 'do policies' toward the perpetuation of their social dominance. -----(May be I should do an in-depth into colonial financial policies designed to exclude the native from accumulation (which would soon put in a position of competiton with settler commercial interests!) The ease with which the colonial sitution illustrates the point makes it handy ---the banking point of class bias, and racial economic warfare!) But there are also other common sense interventions thinkable. For instance, China: it is to control interest rates, to have cheap money, to avoid institutional loan-sharks, and avoid debt servitude to powerful interest far and wide who wish her doom, that an economic giant like China, and rising still, despite the existence of the Japan-led Asia Development Bank, Western-led IMF and World Bank, goes on to launch its own Asia infrastructure and investment bank! Gotta get the politics right, even if that is discovering the wheel all over, again. The way wall-street bankers in their greed threw the American Main street economy tot he dogs, forcing Obama into the mother of all Bail-Outs, you really don't want bankers running your future for you, much less bankers you do not control. Big minds understand this, streetwise politicians perceive it instinctively. Unlike the Eurobond where he chokes on his fifth amendment, this 'posho yes interest rates no' quagmire, should be easy for His Holiness, our Opus Dei custodian of the Kenya shilling, to wade us through. Calming explaining the specifics (of why POSHO SI, Money NoN) in the same economy. B: what is up with the IFMIS?
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Post by jakaswanga on May 13, 2017 8:06:20 GMT 3
PERMANENTLY LOOKING EASTThe improvising president is flying direct from the London conference on Somalia to China, his mission, from the horse's own mouth, to ' deepen our partnership with the Asian giant!' That was when I remembered something and decided it is time to urinate on the WESTERN IMF hirelings Ouru Kenyatta has been forced to hire as economic administrators. But first, the whole story as reported by a Kenyan daily. You see chaps like CBK Njoroge were turning their noses away when China launched the Asia Infrastructure Investment bank. Here is the thread on which I mused. The obvious thing was, Kenya being the pretender giant economy around EAC, for Nairobi to orchestrate a Union Organ of the local Central Banks --Burundi, Rwanda, Uganda, T, DRC, Sudan and Somalia--- and have this Organ apply for membership of the Beijing-launched Asian Investment and Industrial bank. WHY? Because it is no brainer the 100 billion Euros which is the minimum infrastructure budget Sahara South will need in the next decade, will heavily be Chinese. Here is Ouru Kenyatta instinctively recognising the reality. You know when Chou en Lai visited Nyerere and the others in the mid sixties, he said China was going to build a 5000Km railway from Shanghai to Tibet (Qinghai-Lhasa)-Kathmandu (Nepal). By the time it was electrified, decades later, Africa's long trajectory from Alexandria to Cape Town via Jo'Burg, should be her twins. So did Mao's emisary Chou en Lai grin at Julius Nyerere, who responded he wanted Dar-es-salaam to Loanda first! (TRANS SOUTH!) Just to get the historical perspective about dreams already dreamt, waiting for implementers. ---- Railways from Mombasa to Doula (Cameroun) via Kisangani, were already on the table as soon as Lumumba of Congo became premier in one year! That is 1963. So when Ouru Kenyatta goes to Beijing in 2017 to discuss the same, you really know how much time we have wasted the past half century, and why we should not waste any more time again. This is why that Njoroge's CBK did not apply, even in tokenism, to join the Asia Infrastructure Bank, pisses me off, and makes me urinate on IMF-sedated head. It suggests get ready for another 50 years of wasted opportunities. NB: On Somalia, Kenya like Ethiopia are trying to carve out colonies in major landgrabs and proxy gaimes, while at the same time pretending to stabilise the central government. That will be an expensive affair, usurping the priorities of Kenya toward security. For instance that is why neighbours opted out of the LAMU pipeline. They reckon Somali nationalism angered by Kenyan colonialism will do everything to blow it up, or always do sabotage work, spiralling the costs and the delays, plummeting profitability. Somalia: go with Tz. UNCONDITIONAL meeting of all groups, including the terrorists.Think about it this simple: Ouru wants the rail to go all the way to DRC, but Mogadishu-Wajir, or Garissa Kismayo is not on the cards!? Now, that is the presidential homework talking about regional economic integration. But then, with these IMF spoiler stooges running his head, he will do the wrong homework and even then, get all his sums wrong! But he gets this one right: LOOKING EAST! Not even God can prevent that, leave alone Opus Dei sleeper stalwarts. IT IS ONE BELT ONE ROAD versus Obama's preventive Asia pivot!
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Post by jakaswanga on May 14, 2017 10:16:50 GMT 3
THE DEBT CONUNDRUM WB&IMF PATRONISING NJOROGE$CO WITH NO-BRAINERSI dreamt Patrick CBK Njoroge rose up to curtly say 'I know ---Better!' and then was so shocked at his daring self, he fainted! This is stuff nobody in Nairobi can think out themselves? Nor take remedial steps to address! Not even Ivy-league-certified former employees of the Breton Woods syndicates come home? why, O why!? If wishes were horses, plunder-beggar-economies would have big mouths I guess! Sanctimonious advisories, raised fingers and wrinkled brows, as if the our local aces were lay naughts, errant infants or do-nothing rascals. Ever the condescending tone from abroad and an assumed above, as if our own technical heroes at finance house, the treasury, were junior and even more mediocre functionaries of the IMF and World Bank. Every other bloated frog from abroad working for the Breton Woods twins, comes to our shores with a package of admonitions, corrections and sanctions, hogwash and bullsh!t, taking liberties with pot-shots at our Treasury hot-shots, shouting them down like straying goats
and Lo! Behold, like mentally handicapped wimps, Njoroge Rotich and Thugge Kinyua wilt away like rainless seeds in the arid heat! Not even a sheepish MBEE-EHE-EE to protest dignity! Frankly I can't stand it --yellow brains eating yellow aflatoxin maize as famine relief, or Nairobi meat being anthrax-ridden donkey choice-cuts! And it is all a middle-income economy in rising continent! Some standards Africa has! No, it is a 'season of anomalies' The 'Andrea Chilulus' and ' Tombo young Maasais' gone to all the best schools (Yale Columbia and Harvard), read all the whiteman's economic wisdom and caught the best diseases therein (degrees), end up, having risen to the top of our land where high calibre input is direly needed, end up as a bunch of witless goats mentally disoriented by a thunderstorm! -O! where art thou herdsman, to herd the flock home We lost, thirsty and late, we hungry, afraid and angryUnder John Major, Britons used to jive the hapless Prime Minister, that Thatcher was driving from the back seat. As the Thatcher-love-sicktabloids would chide, John majors in the lack of balls which she, Maggie, had in plenty. It was a warped tribute to the iron lady who was reputedly not for turning, but ramming from behind. I have been trying to SUDOKU out whether China's Exim banks, fearing for their loans abroad, for instance to Kenya specifically, has sourced the Breton Woods institutes to keep a watchful eye on the corruptible crop of their African robots milling around indebted treasuries, playing sentry. For there is a way our moneybureaucrats are clueless rats in a tight ditch, thieving their way to national oblivion. In a predatory racket inflated by a boom in Infrastructure loans, the myopic Kenyan captains could precipitate a Zimbabwe-like (I nearly said Spendicus Greece like) crisis which would beggar a debt write-off or an Obama-like Wall Street expensive bail=out. The IMF and World Bank, discredited after their star role in the Greek drama and double games in the Ukrainian crisis (where they tore up their charter to help the US-NATO play geo-political games), has increasingly been squeezed by China in their traditional hunting fields in the third world too; and, fearing even more irrelevance, just at a time when the mother countries are facing systemic crisis of their own, the fading greats could have cut a deal with the coming power, to continue managing African economies on behalf of an extractive China. The two Breton wood power houses are of course experienced slave breakers, they are astute in the science of expropriation and debt servitude; they could have conned China into a colonial arrangement, cajoling the rotten top of her bankers into repeating European adventures of the past, thereby awaken and earn African nationalist fury. Corruption in China, the emperor's stale breathSuch paranoid speculations have made me very jittery. But the unbridled wastefulness and looting spree which Jubilee has engaged in the last few years of a loan binge, does nothing to 'therapise' my pathology. (Neither do the developments elsewhere in Africa --Angola, Zumaland, DRC or Nigeria for that matter!). Even as I write this, Kenyans of average income are on tight-belt rations, the prices of daily consumables having run away.But other things first . STUDY-CASE THE SGR: China Exim bank funds it A-Z. Chinamen will manage the masterpiece for a long time too, fearing Kenyans will let the beautiful stations and tracks be reclaimed by bush and earth like we did with the inherited LUNATIC EXPRESS Uganda Railway. And today Uhuru Kenyatta is back in Beijing like an addict for another shot! How be it land compensations has been 300% over market rates!? and who are you gonna run to!? Buhari = Yar'Adua. When you have been there before, farce and tragedy as opposite mirrors.Dr. Mohammed Swazuri himself, he of the National Land Commission, has been (NOT?) arrested in the fall-out. His deputy, Abigail Mbagaya, was found with a ksh. 18M haul. Peanuts compared to Nigerian hauls or even our own Josephine Kabura withdrawals from the Central Bank, but still, substantial in a country where ksh.150/2kg posho is out of reach of every other Onyango Kamau and Mutiso household. But commissioner SamuelTororei couldn't believe his eyes. He still termed the hard cash 'speculative'. Earned at skillful play at the stock exchange perhaps he means. www.capitalfm.co.ke/news/2017/03/swazuri-court-stop-parliament-petition-seeking-ouster/ A 1.2M bribe for the professor!? I wish he would just defend himself with a laconic 'that is peanuts! I wouldn't stake my reputation for shillings change!' Instead he goes around saying so&so HAVE NO MANDATE to investigate him! Earlier on that is your man, a professor, running the Land's show, a decade after Ndung'u's report. But that is not the point today. Remember Rwanda and Uganda compared notes about routing stuff through Kenya, oil pipelines and rails, and didn't like what they saw in terms of land costs (and other hidden costs) relative to Tanzania. AND this beauty Eh, a Chinese construction company, CRBC, IS THE ONE WHICH HAS FAILED THE COMMUNITY! YAWA! It is the Chinese suppose to compensate Kenyans for their own railway, touted by our own government as the prime achievement of their tenure in office!? Even when others point out as much as 40% of the railway's cost are fictitious expenditures, with land compensations a whooping 30%! and at least ksh. 30bn is into thin air! and we read: NLC is constitutionally mandated to acquire land for construction of the standard gauge railway.Omera yawa! -villagers! I resign! even the theater of the absurd can only be enjoyed so far! It is like we brainlessly bent on self-ruin, like Kenya is a suicide pact! ---Sign me that divorce paper, thy Dr. NdiiWHAT A DISAPPOINTMENT, this CRBC company! In 1901 this was surely an architectural masterpiece 2016 NAIROBI TERMINUS MARVEL What a disappointment, this CRBC! Omera yawa! -villagers! It is like we bent on self-ruin, like Kenya is a suicide pact! I sue for divorce from this mad love! Its like Nyanza leaders fuming at the EU for refusing to finance the building of more toilets around the beaches, to prevent contamination of the for-export Nile Perch with Luo sh!t! Or even Jubilee politicians angry at Trump for repealing the Medical Aid to Kenya bcoz oversize ticks like PS Muraguri hive off lion portions under the table: 'Trump is a terrible racist', Jubilee bloggers chorus!Ai yawa! My only disappointment is with us Kenyans. I was thinking with the Engineers graduated in Kenya the past 40 years, at least we could have managed to build and finance the terminals ourselves, watch the names of our architects dotting the stations, their creative masterpieces becoming part of the landscape and folklore for future generations, tourists 100 years from now. I mean, if we can privately finance all those MALLS (as ONLINE SHOPPING becomes the game!) and our politicians like Ouru, Ruto and Raila afford those billion homes, the Kenyan state can surely build 100 railway stations as wonders of the world!?No! --villagers! Yawa can't build a pit latrine, can't build a rail terminus in 2017! And wait for it: can't figure this out THE CONSEQUENCES Now imagine you are a foreigner with some money to invest in Kenya, and you are not a fool. You are prudent and cautious. You have no intention of being the meal. WHAT DO YOU DO!? Or you have loaned Kenya a lot of money and they are back for more, delegating their insatiably looting president with even a bigger begging bowl, WHAT DO YOU DO!? Contingency wise to avoid being the meal!? And you know their squandered their own EUROBOND investment fund even with their best and the brightest econometrists looking on! And now they have all these big malls in the city but the citizens can't buy a kilo of flour for the kids!? He, what do you do, given you have to invest. Capital must be invested to multiply more, or the system collapse. But first, a railway story. With Jimmy Wanjigi at the center. --------------------
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Post by jakaswanga on Jun 24, 2017 13:06:11 GMT 3
I PROMISED A FEW TABLOID TALES like TABLOID TALE ONE: WHEN ACE ECONOMISTS TURN OVER THE PROBLEM OF URBAN YOUTH UNEMPLOYMENT TO POLICE DEATH SQUADSSuppose you are a hard-to-impress spoiler like yours truly, Jaluo Asili, and you think growth rates of 14% posted by backwaters like Angola still do not constitute 'wirtschaftwunders' .... let alone an owesome apparently unmatchable 7% by non-oil Kenya! --I will put up an interesting factual anecdote on Angola's treasury blues, where the chairLADY of the National Oil Company became Africa's richest business miracle lady worth about the exact amount a forensic audit revealed the company, SONANGOL, did not remit to the taxman at about the same time! Neither do we want to talk about Mozambique whose former president's late daughter, Valentina Guebusa, too, became the richest of the land of secret GDP-crushing military loans of which the national treasury was in the dark! Folk dubbed the father not his Excellency the president, but His Business 'Guebusiness'!I am told by the usual suspects ---Fortune, FT's,WSJ's, NYT's----- that our own Uhuru Kenyatta is also up there where you find the richest of Africa, the left-behind continent. Howbeit his second name sounds suspiciously like that of the first president of Kenya! Hmm must be a pattern here, since I gather a Mobutuson and a Kabilason, over there at the mouth of the Congo river, can today loan the DRC some cash in case of a crunch, just like Gamal Mubarak up there in Egypt were he to access his funds. And Salif Khadaffi has just been released by his kidnappers so that they trace the Gaddafi fortune --just a bit short of the UK's GDP. I mention these 'inheritor' boy handlers of stolen properety, so that I don't stand accused of citing only the spoilt first daughters of Africa as the sole beneficiaries of punctured national treasuries! These .... lost figures in toto
... mean when I go through the significance of the soft-term MARSHAL PLAN LOANS to the German post-war economic miracle of Adenauer and Erhard, I suspect ----(and with fearsome conviction and ferocious clinicism think)--- anybody telling me an African growth rate less than 20% is worth a good nod of head, is calling I man a niggah, an one whose full brains go no more than a 5-year old white boy! Now imagine Patrick Njoroge goes all the way to Yale, David Rotich to Harvard, Kamau Thugge to Columbia, and then, back in Nairobi from those citadels of capital knowledge, a paltry $2bn Eurobond kitty is outside their book-keeping abilities. And Turkana oil is yet to start rising! So I think bad thoughts, like, sheep is sheep, Harvard or Yale branded. Me? methinks if that Chinese diesel-driven SGR costs about $3bn, Patrick Njoroge and his ilk know we can pay half of it cash from the Eurobond unabused, so tales like the following alarming piece tell me of something else. Me? I am not worried about African debts to whoever. Africa has enough collateral, even liquid cash stashed away in safes, to pay it all in cash, cross-counter like Ouru paid that AngloLeasing balance through a WesternUnion Mpesa wire to Switzerland, the Mecca of financial laundering. What worries me stiff is what will happen to the African intelligentsia nomenklatura when Africa truly becomes the Africans' burden and hardened solution men figure out the equation. That, that enslaving debt is all a racket the African financial intelligentsia gets very well paid to underwrite, propagate and service. They are the crack unit technicians of a looting machine. Hard uppity men, you know like Alexander the Great or Tshaka Tzulu, they run swords through you of the old order without reading you your Miranda. Behold, I count myself among the quisling intelligentsia -- a petty bourgeoisie keyboard or armchair humorist criticus, comfortable in an African college department subsidised by EU largesse! But I have the problem of having been through two great African civil wars and seen the mark of The Beast: the crazed look of once downtrodden and power-abused but now fired-up African boys fully armed, when they know even God can't stop them doing what they wanna do at that moment, even if it is re-doing Rome over Carthago. Keep on abetting the looting, prodding the beast, ye of knowledge! There is another Africa out there. I seen it. It demands answers I aint got. So even if it gives me an opportunity to defend myself ---why is an able-bodied mind like you a parasite!!? my oratorical skills would desert me like they have deserted the once mighty professor Githu Muigai on his ascension to AG!, ---integrity questions rising on chapter six! It sure scares the sh!t out of my arz. But I think it is a monster very easy to tame. Gotta learn that whistle they didn't teach kina Rotich at Harvard! Reasonable and rational economic growth, absorbing all that abundant youthful testosterone. securing their mass a future they can live with. A kind of wirtschaftswunder if you like! In Kenya now in the continental table, we are the leading mass murderers of our fallen youth in urban areas. It is like we are hinting at solving youth unemployment by killing them off en masse. The police force turned into a extermination squad. The guys who studied economics and run economic policy have surrendered the urban youth unemployment problem to specialised police killer squads. --Ponder that, for a tabloid tale! You are on your own. 2.
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Post by jakaswanga on Jan 16, 2018 21:11:24 GMT 3
CBK Governor Dr Patrick NjorogeExplaining everything except the Eurobond! and how the CBK went blind on the NYS rip-off under his nose!
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Post by jakaswanga on May 5, 2018 18:57:28 GMT 3
THE WHEEL WHICH TURNS SLOWLY EAST AND THE LOCAL IMF FIFTH COLUMN!Omera Patrick Njoroge, there is this saying: better late than never. But there are moments in history, stations of responsibility, projected caliberS of ability where, if that excuse has to dusted up, people like me develop a look: cold, malignantly contemptuous, impatiently bloody minded and thoroughly afro-centric. Look, if things like Wafula Chebukati for the salary of an ExxonMobil CEO still can't count votes, let alone buy functional mobile phones, I can joke about it, since from the start it was obvious the worst had been picked. Statistics therefore predicted a mess; common sense too. So from the start it was all a running joke, that IEBC. Just like the co-presidency. I got a sense of humor, I can ride laughs. But only so far. When CALIBER is upped, the game darker, and duty severe, and an exceptional man registers mediocre performance, condemning Africa to an even slower response to a crisis, the molten core of my Afro-rage occasionally bursts surface and my eyes wax cold venom. You and the CBK should have --attempted autonomy and--- joined this bank first-day applicant. I had gathered there could have been a preferential track for Kenya, given Kenya's pivotal place in the Xi-JinPin brainchild, OBOR or Belt Road Initiative. So what took you so long, Opus Dei boy!? Your real controllers shook their heads and you bowed!? No balls to put up a fight on behalf of the paying client, Wanjiku!? No, Njoroge, Rotich is like Chebukati. He only arouses wayward amusement in me. Cash crunched to pulp, he hastens the process now to mediate funds for Uhuru's legacy, The Big Four! For him I accept better late than never. But you, Dr. Patrick, strategic depth illusions entertained, I still respect you enough to be wasted at your negligence, cowardice, stupidity and mercenary piety! The day you heard XiJinPin talk Global Infrastructure ---even if epitheted Asian--- Investment Bank is the moment you should have applied ---and waited for the goats around power in Nairobi to come to, later. As they now have! Jonyamminegigieki!I miss Kibaki, the goatherd of Nairobi! (Carrey Francis of Alliance: unctuously pious crooks, these clever boys here!) THE OTHER EMERGING BANK AND THE OSTRICHES AROUND OUR TOWNSprofit.ndtv.com/news/economy/article-xi-launches-asian-infrastructure-investment-bank-1266494It is in this thread where we visited Michael Hudson. He is a renowned professor of economics, and an equally articulate critic of the IMF and the World Bank. He unravels their political economic thrust in the imperial design of the international capitalist system, and rule. This Breton-Woods framework of global order which has not brought Africa much profit, is also The Work Dr. Patrick Njoroge is very proud to have been called to, alternatively; and, yanking the words out of the horse's own mouth, this pious man is very proud to have been at the 'top of his game' in service thereto. Lo! there boasts an akida I say, and the possibility is raised of a current sleeper or, for all we know, a Manchurian candidate. I will explain presently. Now, in this period in which Njoroge was at the top of his game for the IMF, we also have reports and documentation from the frontlines. Lots of Africans and Asians who dealt with the twin institutes --the Mozambican memoires comes to mind just as well as Malaysian Mahathir's denunciations, have detailed their time at the IMF purgatory. O the aftermaths of the SAPs! Aware of these (more than mild misgivings) but arrogantly dismissive, or just plainly ignorant and therefore a case of intellectual negligence, this Patrick Njoroge may not be fathom his alternative billing: A brilliant homeboy recruited and turned, forged into spannerboy holding his motherland down for rape, a traitorous quisling facilitator of the post colonial heist. He he he! Opus Dei altar boy! Africa does hold a fierce virgil! she may be down, every foreign power however meagre taking its turn defiling her, but like an unbroken slave at duty she registers all and develops an encyclopaedic reading of men and situations. Yes, lost sons and daughters too adding insult to the injury, all the more sadness causing, as they boast about it in broaddaylight! disgustingly sickening! Now the Asian Infrastructure Investment Bank goes into mission 16-01-2016 China is the major INFRASTRUCTURE CANDY UNCLE to Kenya if not to most of Africa. China is the infrastructure Santa Claus if you prefer. Europeans and Americans do not fund Inga Grand Dams nor Ethiopia's Grand Renaissance's, nor Mombasa to Kissangani rail-lines like they used to do when they were real, confident colonial powers ---( Owen Falls Dam, Inga I$II, Uganda Railway, Central Line Rail, Kariba Dam, Akosombo, Cahora Bassa! Daring and Ground-breaking infrastructural projects!) Now the deflated Westerners fund some tame 70MW wind and Geothermal generator here and there, in addition to tin market toilets around malaria lakes in Africa!) Gosh! They are onto military bases all round! around which brothel towns spring up, well supplied with juvenile booty. Now, that bankers on top of their games, and on top of African Central Banks heavily indebted to China have no opinion, nor interest nor hurry, to position their countries in respect to this Asian Bank development ---apply for associate membership for instance, tells us the inside story of being on top of games. Manchurian sleepers If you give it a bit of thought that is. Africa could have applied collectively as the AU, or individually as the Balkanised fiefdoms we are. That is the kind of vigil Africa keeps on her sons and daughter. Noting her central bankers giving frivolous interviews abour cars and sex, ignoring China and her Investment Infrastructure Initiative, which finances roads, airports, grand dams, railways and you name it around here! Ha! watch me come back on hairy cants of red goats! I learnt that from our former LOOK EAST PRESIDENT! --impeccable instincts! The Othaya crook!
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Post by jakaswanga on May 13, 2018 18:23:27 GMT 3
IRAN SANCTIONS, HALLO NAIROBI?No point adopting the ostrich position, Njoroge, like you did with that China/Asia investment and ifrastructure bank! This is a footnote, arisen from a draft of an essay: GLOBAL CURRENCY THE DOLLAR, FOR HOW MUCH LONGER?For Kenya, let us officially argue our biggest financial gun is Dr. Patrick Njoroge of the CBK. Let us say, in the international financial geo-political chess game, he is our Z-Big-Niyev Brzezinski calibre. Kissinger or MacNamara wouldn't be bad pitches neither, but you get the gist. This is the league of certified Big Brains who think Big Thoughts. Or at least thought they thought! Disclaimer: I am sorry for dotcom generation readers. I am sure a football imagery would be more palatable to thee, soccer maniacs. But I can't compare Patrick is our Lionel Messi in the field of financial big league fixtures. You know that master dribbler, Messi, is a tax fraud and a lot of other petty things which disqualify him in my estimation of sophistication. Asked whether he ever heard of the THE DIRTY WAR in his homeland, he honestly
uhm
never heard!? But when Big-Brained Kissinger was taken to task, he shrugged. Geo-politics and American exceptionalism. Z-Bigniev too shrugged, when blowback came to the homeland on 9/11. An insignificant event in the bigger picture of things. Brzezinski had been a passionate advocate of supporting Islamic militants like Osama Bin Laden against the Soviets in Afghanistan. The enemy of my enemy is my fried, some red chairman apparently taught in a famous little book. So let me stick with minds which shrug off atrocities committed under their command. Those who forged small tools like Gina 'Bloody' Haspel. Notice how she mentally shrunk, unlike Kissinger, when confronted with her bloody footsteps. Remember McNamara when confronted with the rolling thunder of bombs over North Vietnam which killed millions of civilians? For three decades he didn't care to comment, until the fox ate its way out of his titular robes, and the pus flowed out of his age-crunched brains. Good. Perspectives. Better late than never, a mea culpa. Well, small nations too have big problems. In fact a raging storm at sea confronts both a big and small ship the same way. Stupid will be stupid, genial will be genial. Doom need not always be the guaranteed result of a disaster, but when stupidity rules, it will be. I am therefore lucky to announce, that on the shoulders of Dr Patrick Njoroge, or better said on his ace mental pillars, Kenya has the shock-absorbers whereoff Trump's stupidity in blasting the Iran Nuclear deal and re-imposing scorch-earth sanctions, will bounce. Ach, nominally it is a small storm in a tea-cup. Kenya's exports to Iran are tea, to the tune of Some numbers are of course too (statistically) insignificant on the economic scale to warrant the attention of top brains. Priorities of high office you know! But in the wider LOOK-EAST PHENOMENON?There is need for concern, and the prudence of forewarned, is the cautiousness of fore armed. AS Kenya and Africa in deed turn gear, the whole body to look east, there is the rearguard action which keeps many a neck fixed in the direction of DC. Trust a truly broken slave to reluctantly say bye to the den where he was buck-broken. The East is big and the next century is theirs. The world is on to an Asia Pivot, one way or another, and we have the figures, cash figures for Africa respective The East. These figures don't lie. There is India, Japan, Indonesia, a United Korea, a United China, Vietnam. Thailand, Bangladesh, Myanmar and the Philippines are a bit more like our sleepy Congo. We skip them, sleeping tigers. But as we face East but look West, we might want to take stock of this dangerous moment in history where we might stumble into the ditch of a USA-led war on Iran.It is important how Kenya behaves in such an eventuality. Sensibly or stupidly? Well, as I said here a few days ago, I obsess with importing the small print from those paid to think policies on my behalf as a lowly citizen. The future-tellers and keepers of the fortune of the land I follow, but not on twitter. I am therefore on the wake, eyes red and expectant, waiting for the mighty Njoroge to decode the deeper consequences for Kenya, of the Trumpian act on Iran. No, not the storms in a tea cup. But now, just for a devilish moment, suppose Dr. CBK Patrick has not been doing his thinking nor has he any intentions to, yet here I am, fool that I be, trusting authority and boko, in pious hope I kneel a supplicant, like a fanatic before Maria's icon waiting for the signs of a Heavenly smile!? --Lo! I could be the subject of this morbid joke below Luckily, most Kenyans (and Africans for that matter) don't run their lives nor build their futures on the wisdom of top bureaucrats in Nairobi (nor other capital cities for that matter!) Ever since the first colonial edict, the learning curve has been sharp. You do, trust authority, then when the rains come, you are up to your middle-class fourth-floor apartment in deep waters, or, poor wretched farmhand living in the pathway of an earth dam certified by boko government engineers as El-Nino proof, you are trash for the waters of history to wash you down the valley. Who is your daddy now, O Africa! So, out there, Africa is thinking it out for herself, and making up her mind. But the likes of Patrick Njoroge ---whose paid brief it is to brief Africa on the complexities of the international financial game, and aid the making of best decisions----- can continue their slumber in peace. It is obviously a paradise situation for them. This current Africa with its less than 4% take of the global cake. NB: I heard this obituaries of Ken Matiba. When he went to work he went to work. That is how, for instance, the Club Breweries, broke the Gor Mahia/AFC stranglehold on the local league. --Work! The holiest word known to thinking man! Arbeit! But in Kenya, that is not who you pray to, to give you your daily bread, is it, Njoroge!? Crisis or no crisis!? Nairobi? Anybody!? I will be back!
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Post by jakaswanga on Sept 29, 2018 15:36:33 GMT 3
WHO IS YOUR LOVER NOW, WANJIKU?When it comes to FIDUCIARY FIDELITY, our Opus Dei friend never did go to the same lengths he does, when adhering to his celibatory vows on account of a medieval, fanatical and misplaced Catholic piety! No, CBK was just another con job for him, our Dr. Patrick of the would-be peerless enchanting moral fortitude! Yes, I drive a tough bargain on behalf of Wanjiku. I am positively cut-throat on those oathed to fend her interests, but who turn out to be fifth-columns of the dark, other side! Ordinarily and daily, Bankers are ruthless on Wanjiku's purse, so if the one banker institutionally charged and paid by Wanjiku to look out on her behalf is just another cartel stooge, allow me the liberty of an un-amused heart, cold like the hand of death! I think following this,
..
.. we are done with Dr. Patrick Njoroge as anything but part of the Cartel alibi's. This is the last public nail on his coffin. Now he is just another piece of litter at the top, waiting for some sweeper to bin it. ---Of course that could take long. After all, me opts his tenure is at the leisure of C-Exim Bank. And in a deal between the two LOAN SHARKS, Breton Woods and Beijing, Dr. Patrick is an essential cog in the --DEBT-- expropriation of the Kenyan tax-payer. That, and that alone, is his security of tenure. Howbeit from our side on the canvass, we the suffering 8%-VAT-KO'd commoners, Dr. Patrick is Junk who stays Junk. He is a mercenary traitor to his oath of fidelity to the people of Kenya. --Here is the TKO In another thread last week, 22/09/2018, I warned Now documentation arrives in a 99-paged indictment A4 format. Dr Patrick Now 99 pages! My hunch is Dr. Patrick will imbibe his 5th, and indulge that Omerta of his he did on the Eurobond! Now, I think I can wholly and only use Dr. Patrick as a comedy piece, purely for entertainment. He can't possibly feature in serious discussions about the future of Kenya. His mind, can continue its total retreat in catholic mysticism, abetting the colonial-line financial rape of Africa -Opus Dei creep! where else must this buck stop!?
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Post by jakaswanga on Dec 9, 2018 11:53:17 GMT 3
THE CASE OF THE TOO STRONG, OR JUST RIGHTLY-VALUED SHILLING!What is the true value of a currency, relative to dollar!? That should be an approximation since there is no such thing as a perfect market. But more importantly, we are human, and humans are not built to leave anything alone, even when it is working perfectly! the idle mind being a devil's workshop, we are always tinkering with stuff; that is how we ruined God's masterplan, the paradise Eden! I personally like to keep tab on what popularly is called TRADE WARS! I always think currency's are game in such wars. And the word economic sanction really must mean, one way or the other, 'we will capture your currency and destroy your economy, scumbag!'. The fate of this Huawei 5G-chic, taken hostage by US-vassal Canada, is therefore worth as much of a watch as what the Trojans did with Hellene, when the Atreide's sent a diplomatic delegation to demand her back from Paris's bed! Meng Wanzhou, CFO Huawei. China 5G world-leader.Currently the two top dogs in the world are at it. It is a high intensity conflict, but publicly they are putting a soft face, to reassure the world. The world economy --like that of Macronian France today--- is nervous for any number of reasons. There are always spoilers around. As Xi Jinpin of China sat with Donald Trump of the USA to try and arrange a truce on the sidelines of the recent G20 summit in Argentina, or de-escalate the threatened trade war, John Bolton --Trump's security advisor and, like VP Pence, Sinophobic and Christian supremacist------- knew there would soon be an American poke or bee up Xi's arz. There was an active ARREST WARRANT for China's most powerful businesswoman, the CFO of Huawei, when she visited Canada. That is Sabrina Wanzhou Meng.That is quite a scalp to collect. And too, on the technological front, they don't come more blue-chip than flagFlier Huawei China. Only Samsung Korea holds fort ahead. The good thing is Trump didn't know, and he can convince Xi he as POTUS was as much set up as Xi. And Xi can read just how deep others are gunning for hot! A real trade war, and other wars. ---On the sidelines in the White House there was a shouting match between the two sharks named John. Kelly and Bolton. (Never has the word madhafaka reverbated so long around the corridors of the white house as when the two Johns squared up a few weeks ago. Admiral John Kelly is subequently calling it quits! Bolton gave him the McNamara lines. I am the brains here, you the tools. You don't argue with me, you obey! that was McNamara when he became defence minister and took charge of the Vietnam war. War is too important to be left to sh!theads like Generals! Mc Namara repeated to Lyndon Johnson! what cocky Douglas McArthur had been told when relieved of his command by the then commander in chief, Harry Truman!) Representatives of the founding nations of the Asian Infrastructure Investment Bank (AIIB) applaud Xi. Knowing China's power over African economies ####, and recognising common Africa has already instinctively re-adjusted geopolitically and economically to the emerging centre of the world, which is EAST, I think the Kenyan shilling could be one of the grasses to suffer when two elephants fight! More so, I always have a sneaking suspicion the fifth-column African elite will drag their feet longer before they surrender to the inevitable. They are mentally Westernised or colonised. That pathology takes longer to disengage. But the signs are increasingly there. This is the background why a strange incident caught my full attention. Of course Kibaki had earlier put me on the alert. (You know the Othaya-Big Brain as Otish used to call him had intellectually closed the argument: WE LOOK EAST NOW, but Kenya's Central Bank had remained a FIFTH COLUMN, a bastion of reaction. The directors and governors shouted back, BULLSH!T! we know where our umbilical is buried, Breton Woods!) But new kid on the block Dr. Patrick CBK Njoroge would stun me more by not bothering to immediately apply for even observer status when China invited all and sundry to link up to the Asia Infrastructure and Investment Bank! Yet this was the time Kenya, seized of vision 2030 megalomanic talk, was writing the obituary of both Nigeria and South Africa as the two leading Afro-Financial centres! May be keen and prudent, our Patrick calculated the time to break rank was yet then, but it would come, and he wouldn't hold tongue!But we are issuing more EUROBONDS, and there is a desperate note to the cash needs of Nairobi, and not just the Big five! So Njoroge must have an ace up his sleeve, a rat to pull out of a hat, when, as they say, his currency is so much exposed in debt denoted in one or other Breton Woods reserve currency! Rrade wars, they better not catch you pants down! Some jokes from Iranian economists charged with rebutting American sanctions will be instructive on these. But it was last month when the bile really blew. The ever mild Njoroge had had enough! Why would the IMF do that!? Though I remember David Ndii once described them as a bunch of Western School third-rates! Patrick Njoroge seems to confirm this quip now! CHALLENGE THE IMF NARRATIVE! O GOD! Patrick fumed some more! Better late than never, that divorce from your bad marriage! Hint of the times a-changed. More see FOCAC 2018!
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Post by jakaswanga on May 29, 2019 22:00:54 GMT 3
IS HE STAYING OR GOING? AND WHO REALLY CARES?
---No, Njoroge himself doesn't give a fak either way!
MUDAVADI
CONCLUSION That is when Harvadian Rotich and Yaleman Patrick are running your treasury. Now these figures are what we call a deep fakup! They don't chart the trail of a roaring lion of the Savannah, catching up on speeding Asian tigers.
Mother bedbug: it could be worse, children. Give him another term! (Firing Njoroge but maintaining an embecile and corrupted buffoon like Rotich would be powerful state comedy! just the rib-cracker the doc didn't order!)
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Post by jakaswanga on Jun 5, 2019 19:06:53 GMT 3
GO ON RAT, BELL THE CAT
Patrick Njoroge looked uncomfortable. That became my problem.
I was idling before the TV. I was waiting for some stunning surprise from the panel which had selected what kind of Maa culture to be displayed in Narok, and wasn't captivated yet by what was on show. So I lent my idle mind to the devil, if the devil, perchance, could so wish to make a workshop of it and fashion some vintage products therefrom. I had watched Maa morans of choice calves leap until their coloured rastas disappeared into the cloudy bosom of the heavens, and I had Aahd and Oohd along with the admiring crowd. This sky-gracing display of moranic athleticism made me ponder why Kenya does not pick up all the medals in the froggy competitions of the Olympic games, eg the jumps. But mostly I was irritated by the tameness of the selections which the sunken bureaucrats had decided to show-case as Maa culture. ---This, I honestly thought, was the day for the war-like roars which would send the balls of Al-Shababus crawling all the way to their throats in reverse peristalsis! I am telling you there is no equivalent of the late General, Nkaissery, over there in KDF Somalia. When Nkaissery toured Turkana on duty, his roars, narrated in the uncut version of the TJRC report, have been declared state secrets, too scary for the ears of Kenyans.
Of course bureaucrats with their easily collapsible minds mistake Kenyans at large to be of similar feeble make. Our sensor bureaucrats are like FaceBook censors who decided the gory images which the Hessy's of Dandora and Kayole used to serve Kenyans on their pages, must no longer be dished. Yes, those who want to sell battlefield pics without blood.
As I idled on, I wondered why Maa culture, not known for its prudishness, had never invented something like the REED DANCE. That is a variation on that Swaziland royal bash where young damsels display in full glory, their taut and challenging thoracic protrusions before the ravages of motherhood reduce them to bread-slice-flat pieces of tissue, dangling loose. One does not have to be a middle-aged professor bewitched into a crisis by a Lolita-like nymphete to cherish such breathtaking if brief flowerings of anatomical sights, but an adequate testosterone drive will do.
Yes, I wondered what look would paint Baba Anna's face were twerking boobs to confront him they way they are designed to confront an Eswati King for a ritual pick.
Soon I was sleep-listening to speeches from what professor Manyora has called fake leaderships selling non-existent visions.
And then came the peak. And howbeit the peak came more as an afterthought! ---NJOROGE TO ANNOUNCE CURRENCY REFORM!
The official reasons can be copied from India's demonitisation. But in Kenya everybody saw through it and gave it just one reading. Njoroge too I thought, and thought further this was what was making him uncomfortable. He had let reduce the CBK to a parochial instrument in an elite factional war against William Ruto and Team Tangatanga. Uhuru was using him to aim at Ruto's horde of illicit cash, an assumed war-chest of thunderbolt proportions. (that is part of the kitty a wide section of The Church has gotten addicted to!)
I would have loved to see a confident Director of the CBK, booming and beaming, trusting on his wide experience and training, fielding tough questions from a select crop of financial journalists invited to his lair, the CBK press room. But -Alas, what we had in Narok was a timid rat being forced to bell the Big Cat.
And then he fukt up!
He put a portrait of Jomo Kenyatta in some of his newlegal tenders!
The constitutional is clear like the Koran on idolatry! Therefore Njoroge's new notes with Kenyatta's portrait, or picture of statue if you like, are essentially a pile of expensive rubbish.
But we always knew the anti-corruption fight was a KALONGOLONGO thingy, didn't we!?
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Post by jakaswanga on Jun 5, 2019 20:10:01 GMT 3
NJOROGE'S DESIGNED CONTROVERSIES --NAROK AFTERMATH II.
I always recognised Dr. Patrick Njoroge as meticulous. Most of the mistakes which have controversially ridden his tenure, I concluded, were stuff rammed down his throat, or stuff he himself insisted upon as designed outcomes.
Consider the loopholes which have enabled the IFMIS system to mutate into a looting device. Not only have they never been fixed since they surfaced in the first NYS heist of Kabura -(see the recent Kiambu-Waititu payments to Sudan and other fraudulent county government debits via IFMIS), but I will never believe Njoroge didn't know what was going on. If I do, Africa's famous banker of the year must then be reduced a Nigerian hired to guard the cookie jar! (NB: There used to be a joke in South Africa: if you shake hands with a Nigerian, please certify immediately afterwards if your arm is still there! Ebarassingly a high-ranking government official shook hands with Olesugun Obasanjo ----(it was about peace in the DRC and Obasanjo was a UN-anointed peacemaker I think), and then the cameras caught the South African doing as if he was testing if he still had his limb intact! As a matter of fact in the far west, there are tales in Ghana of men who went to bed with Nigerian women only to wake up without their manhoods. Only after parting with very large sums did the members return to position, and manhood to rightful place. Laugh, until you watch a burning ceremony of the witches: raw murder)
I always think of CBK governor Njoroge in the role of a moral, cultured man invited to an immoral, primitive party. He becomes incapacitated. He is too fascinated to quit, yet too immobilised to participate. Even if his lusts gets the better of him and his c.ock is irritatingly and continuously ready, he remains a spectator.
I mean there are no records of personal financial impropriety on the part of Dr. Patrick Njoroge. But under him, to paraphrase John Githong'o again, never has Kenya seen such a pace and rate at governmental pillage.
Dr. Patrick Njoroge has presided over a horror, a financial holocaust in Kenya's history.
MADARAKA DAY 2019 REVISITED
Now he just made a huge announcement on Madaraka day 2019 in Narok. And as is clear all over the land, only to set himself up for controversy which, in effect, annuls the possible gains the policy would have impacted.
1. There are court cases challenging his mandate to declare retired, or re-issuance of currency. 2. There is the matter of the definition of a portrait. Submissions both ways are being prepared as to whether the photo of a statue qualifies a portrait or not. It is now in the hands of a much conflicted if not corrupted judiciary with its own blood group wars.
With that photo of the statue clearly identifiable as human and Jomo Kenyatta, it is predictably obvious Njoroge and his designers willed this legal swamp. ----WHY?
Orders from above no doubt.
A Njoroge interested in achieving the officially-stated purpose of his currency reform would have been double careful. He would have been highly prudent to avoid the pitfalls of the confusion likely to arise. He would have been aware too, of the political context and mine filed. More so, given that the immediate narrative popular amongst Kenyans was that the measures were aimed at team Tangatanga and their leader William Ruto (who is believed to be banking billions in his fort, as a war-chest.)
Now we are not even discussing whether money supply has been increased or not, temporarily or not (this is an important detail in an economy!); neither are we discussing the primaries of a possible leap to a cash-less economy, given Mpesa and Equitel can now cater for even omena and chicken transactions at the bushiest of markets in the remotest of locations. ---No, it is all politics now.
Here I must warn a digital cash economy is not necessarily modern. Given the advancing global trade war as the United States moves to cordon off an increasing number of states ---Venezuela, Russia, Iran, China----- from the dollar zone, GOLD is coming back as guarantor of stable value. One huge reason Gadaffi had to die.
The Kenya shilling may soon have to make up its mind to what it wants to peg itself, and in that uncertainty, Kenyans may want to horde value in something tangible, more tangible than paper money, something less mysterious than algorithms hiding in a mobile phone.
But first things first. Following Njoroge's co.ck-up, the definition of a portrait is the most important thing in Kenya. Njoroge must have predicted that, and willed it. Or he was made to will it so.
And it has come to pass.
War on corruption?
When is the last time there was a meaningful conviction!?
It is a bloodless war. A historical novelty! A Kenyan invention.
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