HK - you might like this senator Vinick

[Arcadian_Dreamer]

No risk. No return.

This is the risk that awaits you.

Zambia has become the first African country to default on its debts since the pandemic, leading to fears that a “debt tsunami” could engulf the continent’s most heavily indebted nations as the financial impact of coronavirus hits.

[RV Pundit]

I am sure there are many countries, individuals, companies that have leveraged to grow rich. That is whole point of banking and financial markets.

This is the risk that awaits you.

Zambia has become the first African country to default on its debts since the pandemic, leading to fears that a “debt tsunami” could engulf the continent’s most heavily indebted nations as the financial impact of coronavirus hits.

[Arcadian_Dreamer]

I am sure there are many countries, individuals, companies that have leveraged to grow rich. That is whole point of banking and financial markets.

There is not a single case. 

Ponzi scheme Anglo Saxon style economics doesn't work. Financialization, real estate speculation and stock markets gambles eventually catches up with you.

You have to make things that people want, quality stuff that makes peoples lives better, that rules out Chinese made trinkets and junk. We are talking of products made by craftsmen who love their trade hello Japan and Germany. 

[RV Pundit]

Okay - quite some queer life views; you must a real nutjob.

There is not a single case. 

Ponzi scheme Anglo Saxon style economics doesn't work. Financialization, real estate speculation and stock markets gambles eventually catches up with you.

You have to make things that people want, quality stuff that makes peoples lives better, that rules out Chinese made trinkets and junk. We are talking of products made by craftsmen who love their trade hello Japan and Germany. 

[Arcadian_Dreamer]

Okay - quite some queer life views; you must a real nutjob.

Instead of insulting me be thankful for the free darasas I'm giving you in economics. I might be a bit harsh but I need to disabuse you of failed tax and spend paradigms. They failed everywhere just like communism.

 

[RV Pundit]

Without borrowing - I doubt anybody can get their way out of poverty - it will take longer time and incredible discipline otherwise.
I have seen really poor families get out poverty - by being given credit on basic things like fertilizers.
This is why access to credit is very important for individuals, for companies, for nations.
The germany you speak about - were saved by US loaning them money to rebuild their completely destroyed countries under Marshall Plan.

Yes many abuse credit - thinking it's free money - and make their situations even worse. But many who are disciplined - borrow the loan - invest - when they harvest - they pay off their debt - and still have a lot more.

Countries should borrow and borrow - and invest and invest - esp in long term infrastructure. There is nothing more proven as sucess model than that.

Instead of insulting me be thankful for the free darasas I'm giving you in economics. I might be a bit harsh but I need to disabuse you of failed tax and spend paradigms. They failed everywhere just like communism.

[Arcadian_Dreamer]

Without borrowing - I doubt anybody can get their way out of poverty - it will take longer time and incredible discipline otherwise.
I have seen really poor families get out poverty - by being given credit on basic things like fertilizers.
This is why access to credit is very important for individuals, for companies, for nations.
The germany you speak about - were saved by US loaning them money to rebuild their completely destroyed countries under Marshall Plan.

I will give you a history of Germany in another thread you don't know nothing about it. Marshall fund is not what made Germany what it is. Hitler was not the reason for their rise. You incredibly misinformed

I told you before, you have never started your own business. All Muhindis started their businesses without borrowing, Somalis don't use banks. Most GEMA don't either, successful small business owners use their own capital.

Countries should borrow and borrow - and invest and invest - esp in long term infrastructure. There is nothing more proven as sucess model than that.

All the countries that borrowed heavily are paying the consequences one by one, Ethiopia, Kenya, Zambia you name it. You know that obviously. I can sense your troll.

Economics is not BBI you argue with Robina endlessly, its not subjective. Don't come sulking here when I educate you.

[RV Pundit]

Nyar Kisumo. You seem to romantize business and life because all your life you've lived in a bubble; shielded from reality; I can easily tell you story; Out of Xavier; to some high school; to California; to employment; and that is pretty it. Now at 45yrs - childless and completely at loss.

My life is bit different; during school holidays; I use to run my father shop; I was very honest; and so my father really liked to have me in there; I would keep clean records; and obviously by day one; I realize there are customers you just have to loan them items; so I found a credit book and continued; my favourite was mzee; who was habitual drunk and smoker; but he paid; he'd borrow items; and pay within the weeks; character or customer behavior there is important; I must say eventually my father gave up - because except for me - my brothers and shop keeper he hired - were no good. That was my first lesson in business - it was maybe 1989-1990 - we sold - Tarino, 7Ups  and many stuff I don't remember - cigarettes and sugar - were the top selling items. My only vice then was to gorge myself in sweets . I did this until I was 12yrs.My 2nd business was in high school - this was camera business - I had been expelled and go into local school with my elder bro - we bought a camera - and did some brisk business - that ensure we had constant supply of bread - as long as the film didn't burn.

My 3rd business experience was after high school - my bro started small hotel in our local shopping center - in my fathers old shop - and because he had to go to college one year earlier - he went to Mombasa Poly - as we waited for 2 yrs to join UON - so I inherited this hotel business. Day one - was rough - as soon as I opened - I used 250shs to buy wheat flour and etc - I received a visit from a woman who use to supply milk and butcher - each owned my brother about 500 shs - I had no such money. My re-starting capital was 250 . So I devise a plan to pay them 1,000 - and I did. I run that hotel for 1yr until I joined UON - from 250 starting capital - I had turned it become a very popular hotel - and got me lots of girls . My chief chef was a half deaf guy - but he had crazy cooking skills and other talents  - and was just fun to be around.

Actually that is my 4th - coz 1yr before that - I was running my cousin video shop - I use to show movies - in tapes of  Van dame - Chakie Jan - name them - those vietnam/cambodia war...with a small 15 minute break to play Lingala..Awilo Logomomba/Kofi were biggest star...I would go to Kericho town every tuesday to pick new movies and videos. In midnight - I would screen PORN . That was crazy -  some APs would come but would also enjoy the show .  The video shop was btw a bar and shop...in bar the same APs would fight with local boy over girls and the shop-woman had a taxi guy - and they would engage in loud sex . it was crazy. And I would also blast porn - for premium view - 15bob a session .  The highlight was I was cooking for myself in a little stove - fried beef - and I had a bicyle to go home - was about 20kms away.

Then I joined UON - 1st year - I got into mini-depression with UON - and just got myself drunk - 2nd year  I tried farming - I did tree seedling - I badly wanted to bu computer - it was 60k - and I had missed HELB for lying my father was a farmer .  I planted 15K seedling - tea seedling - took me 4 months - back breaking labour - I think about 10K survived - sold each for 5bob - my father paid me 50k - lots of money - we went to Mitsubimi computer in parkland - got myself a computer for 45k - and a printer for 5k.

Now I was in big printing business - I use to print assignments - retain a copy and basically change the name - and submit University became so booring - because I didn't have to study. I just waited for print spool to get me all the assignment I needed. Toner management was something else but Kijabe street was just across UON and I had found guys who injected tonner with a syringe

I started looking for jobs - got employed as 3rd yr and worked until graduation - got into UN gigiri - 2yrs later quit - and formed a start up with some bazungu. That start up now is playing big league. I was 24yrs then.

That was 15yrs ago - i have done so many business and shiet. Some of us sleep for few hours every day.

So I hear you nonsense and just laugh.

Without borrowing - I doubt anybody can get their way out of poverty - it will take longer time and incredible discipline otherwise.
I have seen really poor families get out poverty - by being given credit on basic things like fertilizers.
This is why access to credit is very important for individuals, for companies, for nations.
The germany you speak about - were saved by US loaning them money to rebuild their completely destroyed countries under Marshall Plan.

I will give you a history of Germany in another thread you don't know nothing about it. Marshall fund is not what made Germany what it is. Hitler was not the reason for their rise. You incredibly misinformed

I told you before, you have never started your own business. All Muhindis started their businesses without borrowing, Somalis don't use banks. Most GEMA don't either, successful small business owners use their own capital.

Countries should borrow and borrow - and invest and invest - esp in long term infrastructure. There is nothing more proven as sucess model than that.

All the countries that borrowed heavily are paying the consequences one by one, Ethiopia, Kenya, Zambia you name it. You know that obviously. I can sense your troll.

Economics is not BBI you argue with Robina endlessly, its not subjective. Don't come sulking here when I educate you

[Arcadian_Dreamer]

Nyar Kisumo. You seem to romantize business and life because all your life you've lived in a bubble; shielded from reality; I can easily tell you story; Out of Xavier; to some high school; to California; to employment; and that is pretty it. Now at 45yrs - childless and completely at loss.

My life is bit different; during school holidays; I use to run my father shop; I was very honest; and so my father really liked to have me in there; I would keep clean records; and obviously by day one; I realize there are customers you just have to loan them items; so I found a credit book and continued; my favourite was mzee; who was habitual drunk and smoker; but he paid; he'd borrow items; and pay within the weeks; character or customer behavior there is important; I must say eventually my father gave up - because except for me - my brothers and shop keeper he hired - were no good. That was my first lesson in business - it was maybe 1989-1990 - we sold - Tarino, 7Ups  and many stuff I don't remember - cigarettes and sugar - were the top selling items. My only vice then was to gorge myself in sweets . I did this until I was 12yrs.My 2nd business was in high school - this was camera business - I had been expelled and go into local school with my elder bro - we bought a camera - and did some brisk business - that ensure we had constant supply of bread - as long as the film didn't burn.

My 3rd business experience was after high school - my bro started small hotel in our local shopping center - in my fathers old shop - and because he had to go to college one year earlier - he went to Mombasa Poly - as we waited for 2 yrs to join UON - so I inherited this hotel business. Day one - was rough - as soon as I opened - I used 250shs to buy wheat flour and etc - I received a visit from a woman who use to supply milk and butcher - each owned my brother about 500 shs - I had no such money. My re-starting capital was 250 . So I devise a plan to pay them 1,000 - and I did. I run that hotel for 1yr until I joined UON - from 250 starting capital - I had turned it become a very popular hotel - and got me lots of girls . My chief chef was a half deaf guy - but he had crazy cooking skills and other talents  - and was just fun to be around.

Actually that is my 4th - coz 1yr before that - I was running my cousin video shop - I use to show movies - in tapes of  Van dame - Chakie Jan - name them - those vietnam/cambodia war...with a small 15 minute break to play Lingala..Awilo Logomomba/Kofi were biggest star...I would go to Kericho town every tuesday to pick new movies and videos. In midnight - I would screen PORN . That was crazy -  some APs would come but would also enjoy the show .  The video shop was btw a bar and shop...in bar the same APs would fight with local boy over girls and the shop-woman had a taxi guy - and they would engage in loud sex . it was crazy. And I would also blast porn - for premium view - 15bob a session .  The highlight was I was cooking for myself in a little stove - fried beef - and I had a bicyle to go home - was about 20kms away.

Then I joined UON - 1st year - I got into mini-depression with UON - and just got myself drunk - 2nd year  I tried farming - I did tree seedling - I badly wanted to bu computer - it was 60k - and I had missed HELB for lying my father was a farmer .  I planted 15K seedling - tea seedling - took me 4 months - back breaking labour - I think about 10K survived - sold each for 5bob - my father paid me 50k - lots of money - we went to Mitsubimi computer in parkland - got myself a computer for 45k - and a printer for 5k.

Now I was in big printing business - I use to print assignments - retain a copy and basically change the name - and submit University became so booring - because I didn't have to study. I just waited for print spool to get me all the assignment I needed. Toner management was something else but Kijabe street was just across UON and I had found guys who injected tonner with a syringe

I started looking for jobs - got employed as 3rd yr and worked until graduation - got into UN gigiri - 2yrs later quit - and formed a start up with some bazungu. That start up now is playing big league. I was 24yrs then.

That was 15yrs ago - i have done so many business and shiet. Some of us sleep for few hours every day.

So I hear you nonsense and just laugh.

Don't do that. I always get my 8 hours of sleep come what. Anyways it is all banter don't take it personal

[Nowayhaha]

Without borrowing - I doubt anybody can get their way out of poverty - it will take longer time and incredible discipline otherwise.
I have seen really poor families get out poverty - by being given credit on basic things like fertilizers.
This is why access to credit is very important for individuals, for companies, for nations.
The germany you speak about - were saved by US loaning them money to rebuild their completely destroyed countries under Marshall Plan.

I will give you a history of Germany in another thread you don't know nothing about it. Marshall fund is not what made Germany what it is. Hitler was not the reason for their rise. You incredibly misinformed

I told you before, you have never started your own business. All Muhindis started their businesses without borrowing, Somalis don't use banks. Most GEMA don't either, successful small business owners use their own capital.

Countries should borrow and borrow - and invest and invest - esp in long term infrastructure. There is nothing more proven as sucess model than that.

All the countries that borrowed heavily are paying the consequences one by one, Ethiopia, Kenya, Zambia you name it. You know that obviously. I can sense your troll.

Economics is not BBI you argue with Robina endlessly, its not subjective. Don't come sulking here when I educate you.

RV Pundit is an A in poltics , A- in history and an E in economics
Matters economics just ignore him.

[RV Pundit]

What is so difficult about Economics?

RV Pundit is an A in poltics , A- in history and an E in economics
Matters economics just ignore him.

[Nowayhaha]

What is so difficult about Economics?

RV Pundit is an A in poltics , A- in history and an E in economics
Matters economics just ignore him.

You dont have the niche to understand it , thats all. One might be know it all but its obvious that its not your field and this is in good faith dont take it personal

[RV Pundit]

Niche to understand - what kind of nonsense are you peddling?

You dont have the niche to understand it , thats all. One might be know it all but its obvious that its not your field and this is in good faith dont take it personal

[Nowayhaha]

Niche to understand - what kind of nonsense are you peddling?

You dont have the niche to understand it , thats all. One might be know it all but its obvious that its not your field and this is in good faith dont take it personal

Just same way Jordan was good in basketball but not baseball, Just same way Lewis Hamilton is good in Formula one but not good in football.
Its humanly impossible to be good in everything

[RV Pundit]

Of course. Don't be terrified. There are things I know zero about like cosmology. But economics is easy. I did BED in primary, commerce, then did Accounting and scored an A - so I can count beans like KenyaPlato - I can pass CPA with one eye closed - heck I have built accounting based system with 'double journal entry' principle etc; then did common economic and development units - I have studied statistics, probability, algebra - common units - then after I spent six years building statistical systems. I was reading economic books while in high school! Explain to me what is so difficult in economic or any social science? I have worked with a phd from Oxford in Economics - for many year as co-founder. I have worked with World Bank economists - to analyze poverty in kenya - and I have been to Rwanda to train their economist & statisticians on data collections for GDP calculations.

What exactly is this Niche that I don't understand?

Just same way Jordan was good in basketball but not baseball, Just same way Lewis Hamilton is good in Formula one but not good in football.
Its humanly impossible to be good in everything