Spot on VituVingiSana.Our corrupt politicians,if given the chance,would love to have zero and even negative interest rates,run money printing QE and Debt Monetization to pump up the stock,bond and real estate market,flood the country with cheap loans so that the populace can borrow easily (and buy assets to build unsustainable bubbles that burst like the housing bubble burst of 2008 GFC) and the grateful electorate would vote these politicians back.All this would be at the expense of a rapidly depreciating currency and a debt load that would lead to tears later.Its good that our currency is psychologically weak in the global markets such that any excess monetary expansion would result in massive devaluation of the currency and this prevents CBK from just printing money recklessly.This forced monetary discipline will be beneficial later.

As I said earlier,fundamentally,the major currencies ie USD,Euro,Yen,Pound,Yuan and Swiss Franc are bogus considering the way these currencies are being printed in their trillions.But fundamentals dont matter much nowadays in the developed world.So long as people believe in the value of these currencies since these nations are the most technologically developed,they will command psychological value even though they have little intrinsic value.Eventually these fiat currencies will fail as all fiat currencies in history always revert to zero.There is little difference between what the advanced nations are doing with their currencies vs what Zimbabwe and Venezuela did but it takes longer for developed nations to massively inflate their currencies though inevitably they will.

Fundamentals also dont matter in Western stock markets.Bad economic news is perceived as good for equities as market participants know that the Fed will print more money to offset the bad news.This happened last Thursday (as it has happened many times before),where US printed jobless claims of 6.6 million which was an appalling number that fundamentally should have resulted in a decline in the stock market but the market rallied once the Fed came out and announced yet another 2.3 trillion USD bailout package which meant more easy money for Wall Street to buy stocks

As US stocks staged a major rally (more like a dead cat bounce to me) in recent days as the Fed pours trillions upon trillions into the markets to pump them up,some investors have been buying this dip.

However,the world's greatest investor,Warren Buffet aka Oracle of Omaha is being the smart investor and selling into the rally.

Having bought the bogus airline stocks (that wasted their funds in stock buybacks and executive stock option bonuses and now begging for billions in bailouts) when they massively declined during the record breaking sell off in Wall Street,Buffet has sold 13 million shares of Delta Air Lines and 2.3 million shares of Southwest Airlines.He has also sold shares Bank of New York Mellon.





What is the Oracle seeing?He was wildly bullish airline stocks expecting the future bailouts to massively benefit these equities and yet he has already sold.Most likely he sees the market as a dead cat bounce and further declines are expected

All this printing is opening peoples eyes to the fact that cash has no intrinsic value other than what people perceive it to be.

Questions like, "If treasury can just print out money and give the masses, then why do we pay taxes?" beginning to pop up all over.

Talks of a NEW BILL in the works as well.

SHOCKING STATISTICS OF POVERTY IN THE WORLD'S RICHEST NATION BEFORE COVID-19



Yani 40% of Americans dont have approx 40,000 KES savings for an emergency??



Food stamps is a program where US government purchases food for citizens who cannot afford to buy food.They line up in queues to get food.
Crazy that nearly 50 million Americans get their food from the government

And now with Covid-19,guys who even have expensive car guzzlers are lining up to get food.One cant sell the guzzler to buy food?

Reason why trump wants to open the economy asap