RE: ANOTHER ANGLO-LEASING IN THE OFFING

Wilfred Kenyaluk wrote:


It is true, did Kimunya consult widely? Now Parliament is closed, who make decision or voting or check and balance of the crucial decision.
 
This need to be investigated.
 
 
Kenyaluk

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From: Judy Miriga

Folks,
 
Yes , investigation is very necessary and must be done urgently.  There is a Blanket Cover here.  Central Bank calls to challenges that come with DEMANDS of a LIBERALIZED ECONOMY which goes along way with:
 

    * Franchises & Investments
    * Microeconomic Advisors
    * Economic Policy

So, to foster Commodity Price Stability and Sound Financial System, Central Bank has a RESPONSIBILITY to EXPLAIN to the General Public the ROLE of Central Bank of Kenya in the Economy.
 
The experience from controlled economy to a liberalized environment is for the Country to Achieve Sustainable Macroeconomic Stability to boast Improved Supervisory and Regulatory Capacity over Financial Institution.  A lot has been left unanswered and sometimes tactfully evaded.  The Public has all RIGHT to be Educated to Understand how Central Bank takes DEMAND and DICTATES of its ROLE of MONETORY POLICY AUTHORITY & THE FINANCIAL SECTOR REGULATOR - What De La Rue Contract Means to the TAXPAYER in the long run is the reason why Unga and Sugar (the essential commodities) go up without explanation.  Actions that Government take Control in Managing the Economic fields and be Peoples Watchdog is paramount.  Public MUST be INFORMED on the setting of INTEREST RATES and Government deficit as well as labour market, National Ownership and many other areas of Bank's Authority  -  BECAUSE - The Burden of TAXATION settles with the ORDINARY MWANANCHI who ends up paying DEBTS down the line through their GREAT GRANDCHILDREN without knowing how they ever got there.
 
SINCE such policies are often influenced by International Institutions like the International Monetory Fund and World Bank as well as Political atmosphere and consequently Political Parties -  the General Public's Interest must be taken into consideration and the Public MUST be the DECIDING FACTOR, in essence must have a say?  Which is why POWER must go back to the PEOPLE and MAJIMBO is the ANSWER.
 
Economic Development Policy is measured by Job Opportunities, Workforce Development and Business Retention and Expansion.  As Industries grow stronger, many banks' equity holdings are sold to PUBLIC through Stock Exchange.  Minister alone has no power to give orders to Central Bank without consultation of the Parliament or Parliament Team Select.  We dont want to speculate THE PRINTING OF MONEY (Bank Notes) FOR ELECTION is TAKING PLACE at Central Bank for PANUA.
 
The Bank however continues to play a VITAL ROLE in providing new funds for Industry.

When Bank notes are SUPPLIED without control or balance, as is the case with the COMING ELECTION (by the Government Benefitiaries for Political Reasons), the PUBLIC end up paying more heavy penalties through TAXES in their purchases of EVERYDAY commodity use.
 
Wake Up Kenyans.
 
Good Day.
 
JM