murchr wrote:ChessMaster wrote:murchr wrote:Hogwash, nothing will happen
Prove it.
Lets not bow to their demands then we'll see if they will not buy our flowers coffee and now oil. The more they talk the more people are getting the morale of voting in the Hague brothers.
@murchr, look at Iran with the sanctions against them:
- In the past year alone their currency 'rial' has depreciated by over 80% (50% within the month of October). Lets pretend that Kenya acquires the capacity to produce oil at Iran's level (which we know is impossible without the west and within a year) the dollar rate will stand at Kes. 158 by the end of next year.
- Inflation is at almost 30% and their central bank is predicting a 32% inflation this year, with their staple food doubling in price and people queuing to buy (remember this happened before the full oil embargo)
- Due to plausible deniability, Huawei has had to distance itself from Iran after it was discovered to be doing business through a hidden subsidiary (Read China which people are saying will assist). Stanchart has had to do the same.
- A simple bank transfer from Iran, or even sending some simple prescription med via a courier (read UPS, DHL, Fedex are out coz they are 'western co.s)is a nightmare.
- China is a net exporter with their largest consumer and investor being the people of the US. Who do you think they'll be ready to deal with or listen to Kenya or the US?
- The US is the 'owner' of the de facto global currency.
The list of the worst that can happen is endless and remember the above has happened to a country whose GDP is at $350B and with a population of 75M in Asia. What do you think will happen to country with a GDP of $33B and a population of only 40M in Africa?
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary