VituVingiSana wrote:amorphous wrote:https://www.the-star.co.ke/business/kenya/2024-08-06-banks-cut-funds-held-in-government-papers-to-a-2-year-low/
Senior bankers basically say Kenya is going to default.
Did I not call it? Na bado. Y'all ain't seen nothing yet!
VVS, Angelica et al. The problem with you guys is a simple one. You never listen to me
Sorry, I cannot hear you over the ka-ching noise of my dividends
Do remember that if GoK defaults... we are all in deep shit unless you buy $
Even that empty ka-plot pale Dustbowl will be looked at by GoK as a source of income!
Brother VVS, not listening to me and being stubborn in your ways as you hurtle towards disaster are not good traits to have
On dividends, what good is a trickle of rent when the house has not only lost much of its value but is also set to be auctioned
?
Almost never does a gava come for land to sort out a sovereign default. Almost always do they come for bank deposits and bonds. The tattered stocks you have are fair game but even gava might not be interested in them, default or not
At least with the dust bowl empty plot one can build a kibanda, grow maize and survive a collapsed economy rent free. Can stocks be slept in or eaten
?
Isitoshe, if you have a huge multi-acre piece of land with a borehole and infra (mansion, other structures/buildings etc) running 100% on solar, you can basically build your mini-kingdom on it outside of the money economy
. Something our dictator friend next door complains most Ugandans do (live outside the money economy) as if it's a bad thing :D.
Maajabu ya Musa. A historic event on Wazoo. For the first time we agree on one point (USD)! Just make sure that bank account you keep them - or other $ denominated assets - in, are not within the borders of our Kenya!
Things are elephant, buddies. Watch this space!!
In the final analysis, it all boils down to sheer plain old hard work and dogged persistence. Nothing more, nothing less!!