From: Judy Miriga

The term “economic collapse” in Commerce and Trade is used to describe a broad range of bad economic conditions from a severe, prolonged fiscal bad debts incurred by any Government failed priorities to control or to regulate business activities of Trade and currency flow which equally ends with Depression ratings and hyperinflation which includes increase of human death rates from occurrences of such unregulated imbalances.

Economic collapse is accompanied by dysfunctioning of Government from delivering public service according to Public Mandate which as a result brings about social disintegration, destruction and chaos, civil unrest and many times a breakdown of law and order.

Conspiracies exist all around amongst those leaders who engage in corruption of Public Wealth Resources because of selfishness of self ego who network with the unscrupulous International Corporate Business Community of Special Interest, who care for themselves, their business and mostly killing the poor.

Cases of economic collapse include persistent trade deficits, civil wars, famines and depletion of important fundamental public’s basic resources with stubborn unscrupulous corrupt leaders whose illegality is a driving force that pushes citizens to revolutions by forcing unprincipled, irregular and uncompromised policies that result to unfair Government delivery service to the general Public, which in extend is a failure to democratic principles leading to economic collapse.

These economic collapses are as a result of the educated professional lobbyist and CEOs who network with corrupt politicians and in return take big sums of money which are unrealistic and do not balance with the trade output which becomes main reason why there is no accountability as is required by the constitution.

When a Government system stops providing Public Delivery services for the fundamental basic needs to its Citizen, this creates turbulence to political turmoil and stability then severe hardship sets in and these are signs that progressively develop economic collapse.

The Great Conspiracy For the Scramble for Africa:

Many unscrupulous International Corporate Business Community scramble to Africa to own land for Agriculture, Natural Resources and Minerals in the likes of Diamond, Gold, Titunium, Iron Ore, Coltan for computer chips etc., and the scramble to Africa is to hijack Africa so they can own Africa, but with good Constitution, Africa can be saved and proper favorable deal for Economic Trade and Exchange can be truck in a more conducive balanced and favorable environment where all people mutually gain.

Today Gold is replacing paper money with all other Bills and Promissory notes, if the paper currency is vanquishing, Government debt obligations through bonds are weakening and becoming worthless in the International platform and the Gold takes over, who will own land deposits of Gold in Africa and who will benefit? Considering that the most of Gold and Oil are now coming from Africa, if Africa do not have any proper Constitution laid down with People’s Bills of Right put into consideration, where will Africa be? Who will be in control of Coltan minerals deposits for computer chips and other electronic accessories, if not Africans and if Africans are not cleverly protected under the Constitutional Bills of Rights?

Economic stability requires some sort of providing simple economy educational awareness to public through Constitutional Bills of Rights which Kenya’s Coalition Government under the two Principals have not done. We all believe that, World Bank having released the funds for the same and the Coalition leadership refusing provide the necessary required training, with the anomaly of trashing the Constitution in Parliament, it is clear, both the two Principals in the Coalition Government see this as relatively unimportant because of their involvement in the conspiracy, they are playing with public intelligence to conspire in the sale of Kenya and their auctioning of the Country to the International Corporate Business of Special Interest.

Without Proper Constitution for Public Bills of Rights No business local or international will be considered legitimate.

For Kibaki and PM Raila to go to solicit greener pastures for investment or Aid from the International Business Community, is a case of panic, it is to solicit for a death pill to Kenya.

Main article: 1998 Russian financial crisis:

After more or less stabilizing after the disintegration of the USSR, a severe financial crisis took place in the Russian Federation in August 1998. It was caused by low oil prices and government expenditure cuts after the end of the Cold War. Other nations of the former Soviet Union also experienced economic collapse, although a number of crises also involved armed conflicts, like in the break-away region Chechnya. The default by Russia on its government bonds in 1998 led to the collapse of highly leveraged hedge fund Long Term Capital Management, which threatened the world financial system. The U.S. Federal Reserve organized a bailout of LTCM which turned it over to a banking consortium.

Is the world headed to a massive melt-down, and where will Kenya/Africa be when we remain stuck in the mad after President Obama boosted us with the New Constitution inclusively with an offer to a welcoming Foreign Policy agenda which is for a Mutual Partnership towards a sustainable development agenda where everyone has an opportunity to benefit and improve their lives, but are treated with dignity instead of being made slaves.

This is a serious food of thought that require your weekend moment to digest.

Be prayerful and open your deeper thought and understanding of the value to God’s purpose of creation, to where we are headed in this case-scenario…….

Thank you all for sharing,

Judy Miriga
Diaspora Spokesperson
Executive Director
Confederation Council Foundation for Africa Inc.,
USA
http://socioeconomicforum50.blogspot.com

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FULFORD VS. HAARP

Uploaded by christollinger on May 28, 2008
Benjamin Fulford reports from Tokyo on a mysterious plasma weapon seen prior to the Niigata earthquake in July, 2007 and red, white and blue lights seen prior to the recent earthquake in China. Both quakes targeted nuclear facilities…coincidence?

Dummies’ guide to what went wrong in Europe.

Helga is the proprietor of a bar. She realises that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem she comes up with a new marketing plan that allows her customers to drink now but pay later.

Helga keeps track of the drinks consumed on a ledger (thereby granting the customers loans).

Word gets around about Helga’s “drink now, pay later” marketing strategy and, as a result, increasing numbers of customers flood into Helga’s bar. Soon she has the largest sales volume for any bar in town.

By providing her customers freedom from immediate payment demands, Helga gets no resistance when, at regular intervals, she substantially increases her prices for wine and beer – the most consumed beverages.

Consequently, Helga’s gross sales volumes and paper profits increase massively. A young and dynamic vice-president at the local bank recognises that these customer debts constitute valuable future assets and increases Helga’s borrowing limit. He sees no reason for any undue concern, since he has the debts of the unemployed alcoholics as collateral.

He is rewarded with a six-figure bonus.

At the bank’s corporate headquarters, expert traders figure a way to make huge commissions, and transform these customer loans into DRINKBONDS. These “securities” are then bundled and traded on international securities markets.

Naive investors don’t really understand that the securities being sold to them as

“AA Secured Bonds” are really debts of unemployed alcoholics. Nevertheless, the bond prices continuously climb and the securities soon become the hottest-selling items for some of the nation’s leading brokerage houses.

The traders all receive a six-figure bonus.

One day, even though the bond prices are still climbing, a risk manager at the original local bank decides that the time has come to demand payment on the debts incurred by the drinkers at Helga’s bar. He so informs Helga. Helga then demands payment from her alcoholic patrons but, being unemployed alcoholics, they cannot pay back their drinking debts. Since Helga cannot fulfil her loan obligations she is forced into bankruptcy. The bar closes and Helga’s 11 employees lose their jobs.

Overnight, DRINKBOND prices drop by 90%. The collapsed bond asset value destroys the bank’s liquidity and prevents it from issuing new loans, thus freezing credit and economic activity in the community.

The suppliers of Helga’s bar had granted her generous payment extensions and had invested their firms’ pension funds in the BOND securities. They find they are now faced with having to write off her bad debt and with losing over 90% of the presumed value of the bonds. Her wine supplier also claims bankruptcy, closing the doors on a family business that had endured for three generations; her beer supplier is taken over by a competitor, who immediately closes the local plant and lays off 150 workers.

Fortunately though, the bank, the brokerage houses and their respective executives are saved and bailed out by a multibillion dollar no-strings-attached cash infusion from the government.

They all receive a six-figure bonus.

The funds required for this bailout are obtained by new taxes levied on employed, middle-class, non-drinkers who’ve never been in Helga’s bar.

Now do you understand?

NOW THIS:
Understanding the Looming World Economic Meltdown

La’Ziramjad

Thursday, 06 October 2011 17:42

After recovering from the Credit Crunch or the Global Financial Crisis in 2008 that has been labeled by many economists as the worst financial crisis since the 1930s Great Depression, the world is now on the brink of another economic meltdown. The rising cost of living and unemployment rate that burdens almost every country in the world today clearly shows that the world may hit the wall again at any time in the near future.

Greece Default

To understand what might happen to Malaysia if an economic meltdown is to happen, it is very easy to just look at Europe and see the troubled Greece, which is now battling against its debt default. Greece is a perfect illustration of a country which had run its economy the wrong way and the repercussions of doing so.

With the European Union (EU) incessantly lending money to Greece while asking its government to cut its budget, many don’t realize that the EU’s help is rather futile. The economic models being used by many nations right now will need alteration at a global level in order to restore Greece and other soon-to-be-affected countries.

But at the moment, with Greece, we are looking into the ‘opposite approach’. EU was telling Greece, “we lend you money, so you must balance your budget, and you need to cut your social welfare programs, sell your investment, sell your transport.” Unfortunately, this will make Greece poorer as the tax in Greece is going to shrink. To put it simply, with no tax money, a nation cannot grow.

When Greece announced its debt default that sees its government no longer able to make out bonds, the banks, especially those in Germany, Spain and England will soon be affected as they were the ones that had lent the money to Greece. This would then ignite a chain-effect in other European countries and later spread to other continents like Asia as the economic models that are being use here are similar to those being used in Europe.

And intriguing enough, The EU is not solving the problem in Greece. Instead, they’ve been driving out from the crisis in reverse. The whole world must understand the current issues and grasp at the fact that the best way to resolve the problem is through collective efforts. The underlining problem is under-consumption and distributing money to the wrong community.

Understanding the Problem

These days, too much of the world’s wealth and income has gone into the corporate sector. That means our capital has flowed out to the likes of CEOs, shareholders of the corporate world and other related party of the corporations. This leaves the ordinary people getting less and less share of the profit.

The consequence of the ordinary people getting fewer shares is that the buying power among the population stop to grow. The capital is growing but manufacturers cannot go on to produce goods and products such as TVs, shoes and other things because people just cannot afford to buy them due to their limited buying power. This then leads to an overhang of supply and demand. This happens as the surplus of the capital cannot produce material anymore due to the slow market. When this happens, the capital goes into speculation, more bonds, foreign exchange and also future derivatives. This will spark a chain effect where the government will fail to produce foods, houses and many more other necessities simply because the people can’t afford to buy them.

In the Europe nowadays, due to the derivative bubbles, most of the governments are now spending a lot of their money to save the banks. The economic environment is so worrisome that government deficits have reached 1.3 times the country’s GDP. What happened to Greece now can happen to any country, as the capitalist economic system is currently ‘eating’ into the value for money while the profits are kept among the corporate.

The Solution

Since it’s all because of the under-consumption, the answer to the problem is to take steps to transfer the wealth of the society to the ordinary people. One of the steps to circulate wealth to the public is by setting up minimum wage. The minimum wages affect will bring the buying power to the people again, and that money can go into the demands again.

The other step is to make all country in the world to start charging tax on all corporate profit financial transactions. This measure will transfer the corporation money to the government. The results of this will see the government having extra money to spread among the organization members, the society. With this, the government can again start to congregate demands.

We must realize that we need to transfer the wealth from the corporate to the government, to the people. If the money from the tax were given to the government then the government can use it for welfares, education, healthcare, and all kind of interventions to help the people. Then there will be demand all over again. This is how the world is going to get out from this current crisis.

What Malaysia Has Done

Malaysia has wooed RM21.3 billion in foreign direct investments (FDIs) in the first half of this year and with prime minster Najib at helm the FDI is getting higher due to government’s hectic lobbying for foreign investors. Not that this is not good, investment is always good. However, we must be aware that, in this current economy, investors will not prosper the country in the right way. With a lot of foreign investors coming down to Malaysia to invest, the locals are getting lesser chance to gain the nation’s capital.

Najib has been saying that his wishes to liberalize the market and create more business people. These will only lead to corporation reaping the nation’s capital and the national income will obviously get smaller. Big businesses, railways, hospitals and education cannot be left to commercial interest, no matter how straightforward we are going with this economy.

The Wise Approach of the South Americans

While Europe and some Asian countries are now on the brink of economic system, countries like Brazil have prospered and managed to avoid themselves from the meltdown. Since the 35th president of Brazil, Luiz Inácio Lula da Silva took over the government in 2003, Brazil’s minimum wage have been raised three to four times. Brazil’s government has started to realize the importance in uplifting the poor people.

Brazil has started a program called ‘Bolsa Familia’ which gives money to poor family as long as they send their children to school. With such welfare system, the family would not only able to buy themselves foods, but the children would also receive education.

Since 2003, when the program first started, 12 million families have joined the scheme and received small amounts of money (around US$12 a month). Inequality has been cut by 17 percent in just five years, which is perhaps one of the most dramatic achievements in welfare ever recorded. The poverty rate has fallen from 42.7 percent to 28.8 percent.

In Brazil, with the introduction of such system, the corporate world is also started to receive demand again, because the people now have money in their hands, therefore their buying power has been restored. This will automatically encourage production of goods. In Brazil, all parts of the country are reaping something useful to satisfy all parts of the community. The Brazilian government, by giving money and buying power to the poor, has not only increased demand but also promote small local businesses to form.

The money will always stay within the country as the poor communities are not ‘customarily obliged’ to buy that imported US$199 iPhones. They are satisfied with the cheaper local-made mobile phones. The consequence to this is it would boost the local corporate companies.

Greed and Instant Gratification

The people of the world must now realize the situation, not only them; the corporate power on the other hand must be less greedy and help the market first, so that they can receive demands again for production. By adapting this new attitude, the under-consumption problem that we are facing now can be overturned.

Adam Smith was quoted saying that “you can be greedy as you like, but make sure you take care of your community”. This must be practiced by the corporate world. It is understood that the capitalist’s motive is to maximizing profits, but this shortsighted mentality should be chucked out so that more profits can be gained in the future.

Why Can’t People See It?

Understanding the economic situation might prove decisive to the world economy now. Socialists have proven that its economic analysis has found the core problem of the modern era economic meltdown. And to look at it and have a think about it doesn’t bring people closer to communism. This however is not the case as this is an economic analysis, not a political ideology.

So if someone asks why the economy is going to go through a meltdown, just tell them that we, and the rest of the world, have perceived the meltdown in a wrong way and dealing with it in a wrong way. Actually we have been doing the opposite of what we’re supposed to be doing.

Mungiki yaerejea na sura mpya

Published on Jun 19, 2012 by standardgroupkenya
http://www.ktnkenya.tv
Idara ya polisi nchini imetoa onyo kali kwa makundi haramu humu nchini na kuwataka wakenya kufahamu ya kwamba kundi haramu la mungiki limerejea tena na sura mpya. Naibu msemaji wa polisi Charles Owino mapema hii leo mchana alipasua mbarika na kusema kuwa polisi hawatoruhusu kamwe makundi kama hayo kuwahangaisha wakenya hususan tunapokaribia uchaguzi mkuu. Mohammed Ali anatuarifu zaidi.

MPs want losing candidates nominated

Published on Jun 20, 2012 by NTVKenya
http://www.ntv.co.ke
Parliament is on course to amending a key component of the constitution, to allow presidential and deputy presidential candidates who lose in the elections to find their way back into parliament. Garsen MP Danson Mungatana, who is the proponent of the amendment has intimated that the amendment seeks to strengthen the opposition in parliament. Ben Kitilli reports on a matter that is set to receive backlash from Kenyans..

Cheserem: Kenya needs leaders with integrity at all levels

By Luke Anami

The media have been asked to be at the forefront in educating Kenyans about the calibre of leaders required to take the country forward.

Micah Cheserem, the chairman of the Commission on Revenue Allocation, said it was critical that Kenyans understood Chapter Six of the Constitution on Leadership and Integrity.

Lamenting poor leadership, he asked voters to make a break with the past by electing visionary and transformative leaders during the General Election.

“As Kenya turns 50 next year, and given our history, we should have done better. Kenya has performed way below its potential because of many factors. But the major one is poor leadership not at all levels,” said Mr Cheserem.

“And because of that, corruption has crept into every sphere of society, including the media. That is why we thought of Chapter Six given the integrity of the people we are going to elect,” said Cheserem when he visited the Standard Group Centre where he met editors and senior journalists.

Mr Cheserem called on the media to scrutinise those standing for elective posts, especially those gunning for president and governorship, saying the President and the 47 governors held the key to the future.

“Go 20 years back on the lives of these persons (running for office and reveal them) without scandalising them,” said Cheserem.

The Standard Group Deputy Chairman and Chief Executive Paul Melly said the media group would not defend corrupt leaders and would proactively engage and facilitate a process that will ensure the defence of the Constitution.

“Our role is to defend public interest and when those who are managing public resources are found to have engaged in activities inconsistent with the existing Constitution, we will be the first to bring it up,” Mr Melly said.

“When the MPs choose to use their privileged position to protect what is clearly vested interest, it is our duty to tell Kenyans to be aware of those involved so that they will never have an opportunity to see the inside of Parliament again,” he said.

“As far as the subject of Integrity is concerned and the implementation of Chapter Six, all of us will play an important role as the media in interrogating our leaders and more importantly setting the agenda,” Melly added.

Melly said Kenyans do not want to see most of the governors taken to court on corruption charges in the first, as happened in Nigeria.

Cheserem said it would be costly if Kenyans did not elect women in line with the constitutional provision that not more than two-thirds of members should be one gender.

“While the number of MPs is pegged at 290, the number of women elected must meet the requirements of Article 27. There is no article that covers Parliament on women but if the women are less, then you must nominate them,” said Cheserem.

Article 27(8) of the Constitution, which is within the Chapter on the Bills of Rights, prescribes that the state shall take legislative and other measures to implement this principle.

“If you fail to elect the required number of women, consequently the wage bill will increase for the additional number of women you will have nominated. That is why is important for Kenyans to know that they must elect women in the coming elections.”

Cheserem said the provision was critical, because it required the state to be proactive in creating the necessary legislative and policy framework to ensure the realisation of the principle.

Fury as ‘selfish’ MPs chop up Constitution

Chairman of the Constitutional Implementation Committee Charles Nyachae. The Commission for implementation of the Constitution petitioned President Kibaki to reject the amendments. Photo/FILE

By NATION TEAM newsdesk@ke.nationmedia.com
Posted Thursday, June 21 2012 at 23:30

National outrage broke out on Thursday after MPs diluted laws designed to discourage party-hopping and set high thresholds for qualification to elective office in accord with the new Constitution.

The Commission for implementation of the Constitution petitioned President Kibaki to reject the amendments, while lawyers and civil society groups vowed to challenge the amendments in court and to organise public protests.

MPs had gone into an unusual late session on Wednesday to amend the Elections Act and the Political Parties Act, creating windows to allow persons without higher education to vie for political office.

They also relaxed the provisions barring MPs from defecting from one party to another.

CIC chairman Charles Nyachae, Law Society of Kenya chairman Erick Mutua and International Centre for Peace and Conflict chairman Ndung’u Wainaina argued that MPs had embarked on a journey to mutilate a Constitution that is less than two years old.

Mr Nyachae said his team had petitioned the President to decline to sign the amendments into law.

“We have written to the President pointing out the unconstitutional things and urge him not to assent to them. These amendments are not in the interest of the people of Kenya,” he said.

He said that the commission would seek court intervention to declare the changes unconstitutional if the president gives them assent.

“They are aimed to serve the personal interests of the current MPs which is in direct contravention of Article 16 of the Constitution,” he said.

He also asked Kenyans to rise up and defend their constitution from mutilation by the Legislature.

Mr Mutua concurred that the amendments were illegal. “MPs are engaging in a self-serving mission. We see these amendments as an illegality and a move by Parliament to circumvent the provisions of the constitution which deal with leadership and integrity,” he said in a statement

“We wish to point out that we shall proceed to court to challenge those unconstitutional amendments. We want to urge the public to ignore any unconstitutional law,” he said.

The LSK boss added that lawyers no longer had confidence that MPs will enact laws which are meant to ensure that only persons of integrity are elected to hold political office.

“With what has happened we have no faith that the expected legislation under Chapter Six will accord with the letter and spirit of that chapter,” he said.

Lawyers Atsango Chesoni, Harun Ndubi, George Kegoro, Grace Maingi and activist Ngunjiri Wambugu threatened to move to court to reverse the amendments.

Speaking at the Kenya Human Rights Commission offices in Nairobi, the group further vowed to hold demonstrations countrywide.

Mr Wainaina described the amendments as archaic and retrogressive. “We hope that Judiciary will exercise its judicial authority and powers to review this anti-people amendments and also curtail excesses of Executive and Parliament,” he said.

Saying that MPs had “shamelessly disrespected” Kenyans, he urged the public to collect signatures to file a petition for the dissolution of the coalition government.

Meanwhile, MPs for the second day running continued to make changes to the laws through the Statute Law (Miscellaneous Amendment) Bill, 2012.

With the amendments to section 14 of the Political Parties Act, MPs and councillors will freely form and join new political parties, while still holding on to their seats.

Also, losing presidential candidates now have a window to get back to leadership through nomination to Parliament or to the Senate.

An amendment suggested by the Narc Kenya MP for Garsen Danson Mungatana overturned the law against losing candidates finding their way back to the legislature.

However, the House rejected a move by Chepalungu MP Isaac Ruto to allow presidential candidates and their running mates to at the same time contest other elective seats.

Mr Ruto, an ODM MP who has moved to the United Republican Party led by presidential aspirant William Ruto, proposed that the presidential candidate and the deputy clinch the top seat, they forfeit the lesser positions and occasion a by-election.

The contentious amendments to allow defections proposed by Gachoka MP Mutava Musyimi were approved during an acrimonious debate pitting mainly ODM MPs who vehemently opposed against the party’s rebel MPs now in URP and their counterparts allied to the PNU alliance.

Similar Amendments to those of Rev Musyimi, a PNU MP and a presidential hopeful on a Democratic Party ticket, had also been suggested by Siakago MP Lenny Kivuti (Safina).

Rev Musyimi’s amendments were opposed by Narc Kenya presidential aspirant Martha Karua and MPs Ababu Namwamba, John Mbadi, and Millie Odhiambo; while Mr Adan Duale and assistant minister Peter Munya supported.

Rev Musyimi argued proposed the changes by the reality that the country was in a transition “and transitions are not easy.”

However, Ms Karua opposed the changes vehemently, described the move as a “great shame”.

Coalition Chief Whip Jakoyo Midiwo accused those seeking to amend the elections laws of killing democracy. “I am opposing the amendment knowing that the people who are used to indiscipline shall win. This country is a democracy and there cannot be a thriving democracy where there is no political party discipline.”

But assistant minister Munya, the PNU for Tigania East, said restricting people to parties they were no longer keen on was an infringement of their rights and freedom of association.

Budalangi MP Ababu Namwamba read to the House a letter from the CIC chairman Mr Nyachae informing House Speaker Kenneth Marende that the amendments were unconstitutional and would be fought in court.

Mandera Central MP Abdikadir Mohammed, who chairs Parliaments Committee on Implementation of the Constitution (CIOC) dismissed Mr Nyache’s assertions, saying it was not the responsibility of CIC to supervise Parliament.

—Reports by Njeri Rugene, Bernard Namunane, Emeka Mayaka and Lucas Barasa