EMT
Platinum Member
- Jan 13, 2010
- 14,483
- 15,308
FF ni kweli serikali nyingi ikiwemo ya Marekani huwa zinakopa lakini hazikopi kama serikali yetu inavyodaiwa kufanya. Wenzetu huwa wana-issue bonds that pay investors interest in exchange for their money. Bond is a certificate of debt (usually interest-bearing or discounted) that is issued by a government in order to raise money. The issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal. Other countries also increase the money supply by changing banks reserve ratios.
Wakikopa wanakopa kutoka serikali nyingine. Kwa mfano top countries zinazoidai Marekani ni China, Japan, Republic of Ireland, Singapore, Thailand, Mexico, India, Turkey, South Korea, Norway, France na Israel. Ukiangalia baadhi ya hizi nchi sio tajiri sana but governments of these countries elected to lend to the United States considering such a financial transaction to be an investment in their economic futures. Sasa kwetu inadaiwa serikali yetu inakopa directly from local commercial banks. Sasa kama serikali inakopa CRDB, mimi na wewe tutakopa wapi?
Regarding Greece, that country has been living beyond its means since even before it joined the euro, and its rising level of debt has placed a huge strain on the country's economy. The Greek government borrowed heavily and went on something of a spending spree after it adopted the euro. Whilst a lot of money has flowed out of the government's coffers, very little income has been coming in due to among other reasons non collection of tax. In short they spent more than what they earned.
That is exactly what Tanzania's government is doing now. Badala ya ku-impose austerity measures kama wanavyofanya nchi nyingine, au kutafuta njia za ku-maximise income (kama ni vigumu kupunguza matumizi), tuna spend more than what we are earning. Matokeo yake serikali inashia kukopa kwenye mabenki. Sasa itafikia wakati ambapo hayo mabenki yataona it is no longer viable to lend the government. Kuona hivyo serikali itaanza kulazimisha mabenki kuikopesha including the possibility of the nationalizing the banks if they don't lend. Then, a crisis of confidence could spark a run on the banks as people including you and me withdrew their money, making the problem even worse.
When banks become big holders of government's debt, an "orderly" default could mean a substantial part of the debt being rescheduled so that repayments are pushed back decades. A "disorderly" default could mean much of this debt not being repaid - ever. Either way, it would be extremely painful for banks and bondholders. Ndio mana Eurozone countries wanahaingaika usiku na mchana to bail Greece out (tena kwa mara ya pili). The Greek prime minister nafikri kajiuzulu leo. Sasa sisi tukifia stage hiyo nani atatu bail out? Kenya, Uganda na Rwanda?
Watu wa uchumi waelezee kitaalumu zaidi. This is very serious.
Wakikopa wanakopa kutoka serikali nyingine. Kwa mfano top countries zinazoidai Marekani ni China, Japan, Republic of Ireland, Singapore, Thailand, Mexico, India, Turkey, South Korea, Norway, France na Israel. Ukiangalia baadhi ya hizi nchi sio tajiri sana but governments of these countries elected to lend to the United States considering such a financial transaction to be an investment in their economic futures. Sasa kwetu inadaiwa serikali yetu inakopa directly from local commercial banks. Sasa kama serikali inakopa CRDB, mimi na wewe tutakopa wapi?
Regarding Greece, that country has been living beyond its means since even before it joined the euro, and its rising level of debt has placed a huge strain on the country's economy. The Greek government borrowed heavily and went on something of a spending spree after it adopted the euro. Whilst a lot of money has flowed out of the government's coffers, very little income has been coming in due to among other reasons non collection of tax. In short they spent more than what they earned.
That is exactly what Tanzania's government is doing now. Badala ya ku-impose austerity measures kama wanavyofanya nchi nyingine, au kutafuta njia za ku-maximise income (kama ni vigumu kupunguza matumizi), tuna spend more than what we are earning. Matokeo yake serikali inashia kukopa kwenye mabenki. Sasa itafikia wakati ambapo hayo mabenki yataona it is no longer viable to lend the government. Kuona hivyo serikali itaanza kulazimisha mabenki kuikopesha including the possibility of the nationalizing the banks if they don't lend. Then, a crisis of confidence could spark a run on the banks as people including you and me withdrew their money, making the problem even worse.
When banks become big holders of government's debt, an "orderly" default could mean a substantial part of the debt being rescheduled so that repayments are pushed back decades. A "disorderly" default could mean much of this debt not being repaid - ever. Either way, it would be extremely painful for banks and bondholders. Ndio mana Eurozone countries wanahaingaika usiku na mchana to bail Greece out (tena kwa mara ya pili). The Greek prime minister nafikri kajiuzulu leo. Sasa sisi tukifia stage hiyo nani atatu bail out? Kenya, Uganda na Rwanda?
Watu wa uchumi waelezee kitaalumu zaidi. This is very serious.