The question is not whether Kenya may belong to the IMF or the World Bank. The question is whether the Bretton Woods Agreements Act, a statute enacted at independence in 1963 may continue, after the promulgation of the Constitution of Kenya, 2010, to authorise treaty implementation, borrowing, public expenditure, tax exemptions, and institutional immunities in a manner that weakens judicial control of public power, limits access to justice and information, and displaces the constitutional architecture of accountable public finance.
While the Act may have served a lawful purpose at the time of its enactment in 1963, its continued operation must now be assessed against the normative framework of the Constitution of Kenya, 2010.
To the extent that its purpose or effect is inconsistent with the Constitution, the provisions must be read down, adapted, or declared invalid.
Accordingly, even if the Act was constitutionally unobjectionable at independence, its continued effect in the post 2010 constitutional order cannot be sustained where it undermines or derogates from constitutional requirements.
The World is watching in real time as Israel slowly kills Dr. Hussam Abu Safiya, Palestinian top Paeditrician & Neonatologist. Israel deliberately targeted & killed Palestinian Professors, Scientists, Engineers, Lawyers, Doctors & Nurses as we watched …. It is the greatest moral aberration in History. Now, the world is allowing Dr. Safiya to die in solitary confinement. History will record that the World betrayed Palestinians. But History will make sure that one day, Israel will answer for the genocide it has committed on Palestinians.
One day, Palestinians will receive the justice it has been denied.
After SACCOs, Banks And M-Pesa Are Next As Kenyans Become Guarantors For A Debt Crisis They Never Ate
Kenyans must stop asking why Kenya has not defaulted and start asking who is being prepared to carry the default when the music finally stops.
Ghana was here.
Sri Lanka was here.
Zambia was here.
Argentina was here.
Lebanon was here.
The script is always the same, because a broke government borrows until lenders get tired, taxes until citizens are dry, leans on banks until credit disappears, pushes pain into pensions and domestic savings, then tells the public that sacrifice is needed to save the country.
That is why the SACCO story should scare Kenyans more than they currently seem scared, because SACCO savings are not government money, they are the private sweat of teachers, police officers, nurses, farmers, matatu people, boda riders, mama mbogas, small traders and workers who ran there after banks abandoned them.
In every default story, the government does not stand alone at the edge of the cliff, because it drags citizens there as guarantors through inflation, taxes, currency pain, bank losses, pension restructuring, frozen credit and forced patriotic nonsense dressed up as national recovery.
Banks already formed a comfortable debt circle with government, where lending to Treasury became safer and sweeter than lending to SMEs, which slowly choked biashara, starved the real economy and turned ordinary Kenyans into beggars inside their own banking system.
Now the same government that fed banks with public debt is walking into SACCOs, looking at the last pool of money ordinary Kenyans still controlled after taxes, deductions, mobile money charges, fuel prices, school fees and rent had already eaten their pockets.
The anus cannot be stitched to stop diarrhoea.
A debt crisis cannot be solved by raiding SACCOs, squeezing banks, eyeing M-Pesa, selling public assets and pretending that every desperate grab is an infrastructure plan.
Ghana called it domestic debt exchange.
Sri Lanka called it restructuring.
Argentina called it emergency controls.
Lebanon left people staring at bank balances they could not freely touch.
Kenya will give it a cleaner name, maybe national development, domestic resource mobilisation, infrastructure financing or patriotic investment, but the meaning will be the same.
The citizens are being prepared as guarantors for debts they never ate.
Kenyans are not angry enough, because if they understood where this road ends, they would know SACCOs are not the final target, they are the warning shot before banks, M-Pesa and every private pool of money still breathing outside Treasury’s hands.
The money is finished.
The signs of a sovereign odious debt default are now very clear, even for those who have no brains, because a government that has borrowed everywhere, taxed everything, sold public assets, squeezed workers through deductions and now wants SACCO savings is no longer looking for development money, it is looking for survival money.
Banks built a comfortable debt circle with government, where lending to the state became easier, safer and more rewarding than taking risks with SMEs, traders, farmers, contractors, manufacturers and ordinary Kenyans trying to keep their biasharas alive.
That relationship slowly choked the real economy, because banks preferred government paper, Treasury kept borrowing, SMEs were starved of credit, small borrowers were punished, and Kenyans who could no longer breathe inside the banking system ran back to SACCOs.
SACCOs became the last refuge for people abandoned by banks, the place where teachers, police officers, nurses, boda riders, matatu people, farmers, mama mbogas and small traders could still save slowly, borrow with dignity and keep families moving.
Now the same government that helped banks turn debt into a feeding system is following Kenyans into SACCOs, looking at the savings people built from salaries, farming, biashara, side hustles and painful monthly deductions.
This is the last nail.
SACCO money is not idle Treasury money waiting to be touched, it is private sacrifice by ordinary Kenyans who saved for school fees, land, homes, hospital bills, emergencies, small businesses and survival in an economy already squeezed by taxes, loans and bad policy.
A government that cannot explain where borrowed billions went cannot be trusted with SACCO billions, especially when the same infrastructure language has already been used for years to hide wastage, inflated contracts, brokers, political friends and budget games.
This is how a country tells you quietly that lenders are tired, banks are already overfed on government debt, taxes are no longer enough, public assets have been lined up, and the last pool of money outside Treasury’s direct hands is now being targeted.
The money is finished, and now they are following Kenyans into the last safe corner they had left.
I have seen a report that the killer regime is planning to increase NSSF deductions and unconstitutionally use the money for a different purpose. It's the same script that IMF tried in Hungary, 2010 and what followed later, was a disaster. Suicides, more debts and dead economy. This clip is seventeen minutes long (Part 1 and 2) and it is worth your time.
@BravinYuri A lot of bottlenecks before money from Saccos can be invested into the National Infrastructure Fund.
But here are a few scenarios just incase!
If you are not ready to have a baby, WEAR A CONDOM.
Or, ABSTAIN during her fertile period.
Don't force a woman to get an implant, a coil or hormonal pills to cover your sexual convenience and primitive cravings.
You must visit 3 places to truly understand life; the hospital, the prison and the graveyard.
- At the hospital you will understand that nothing is beautiful than health.
- At the prison you will understand freedom is more precious thing in life.
- At the graveyard you will realize life is worth continental to be outlived tomorrow.
"When the citizens of a Nation deem their most accomplished thieves as the most electable then they lose the right to complain when theft becomes their national creed." ~ Modibo Keita. Pan-Africanist leader and first President of Mali. (1915-1977)
The trips are endless, luxurious, and incomplete without large convoys, complete with a fleet of helicopters. The millions of shillings in mobilization handouts on each trip add to the reckless spending spree that President William Ruto’s regime has adopted for his domestic trips.
https://t.co/PAI9LD01nI
You need food.
You need nutrients.
You need energy.
You don't need products.
Pregnant mothers should eat food, not take supplements.
The system is designed to control us.
Refuse to be part of it.
When the system tells you right, go left.
Have you ever seen this food being marketed in televisions? It's your favourite junks.