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Tanzania Gold Rush & C.C.M Politics

Discussion in 'Jukwaa la Siasa' started by Muke Ya Muzungu, Aug 23, 2011.

  1. Muke Ya Muzungu

    Muke Ya Muzungu JF-Expert Member

    #1
    Aug 23, 2011
    Joined: Jun 17, 2009
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    I am not a big fan of Johnson Mashaka, but I do believe he makes lot of sense sometimes. According to this article in Michuzi Blog. He makes a very compelling argument why we should not be poor and must make tough decisions. kijana ame mchallenge JK and CCM government moja kwa moja. This is good

    WAKE UP TANZANIA, IT IS A GOLD RUSH!

    Major economies, large investors, and wealthy individuals are diverting their attention from once lucrative and profitable companies, to gold –yellow metal- investments. Tanzania is Africa’s third largest gold producer, after South Africa and Ghana. According to Business Week Magazine, in the year 2010, Tanzania total gold output was 44.6 tons or 1573.219 ounces, and not sure how the country benefited out of this natural resource.

    In a perfect world, the above figures would have fetched $2,831,793,665.31 enough money to prop-up our collapsing economy, and the drainage bound currency (Tsh). In recent months, Investors have become extremely jittery, while the financial markets continue with their volatility caused by the fear of the American economic uncertainty, and the European debt crisis. Both of which could potentially devalue some of the major global currencies, such as the American dollar, Euro and the British Pound. Gold is now the “safe haven” for the millions of worried investors.

    Our previous economic discussions touched on gold, as being one of the potentially safer alternatives -insurance policy- to saving our country’s ailing economy. Tanzania gold output alone was enough to end the chronic energy (electricity) curse. Backed by gold bars, our currency would not have been where it is today. In today’s electronic trading, gold traded at $1,817 an ounce, and the demand which is an opportunity for Tanzania is steadily growing. Most analysts see gold at around $2,000 an ounce towards the end of 2011 or before summer of 2012. Unfortunately, Tanzania’s gold has not done the country any good but continued curse to the natives, whose land is producing gold, to say the least

    Many investors who previously made fortune in the prime-mortgage, have shifted their focus, and now trying to play it safe, by converting both of their liquid and fixed assets into golden bars. With the obvious subsiding of the global markets and economies, and inflation set to soar, gold is becoming the option of last resort; purchase of gold future contracts, swaps and even physical bars of the yellow metal, is becoming a rush for many investors across the globe with enough disposable income, and not sure of Tanzania’s strategic approach on this opportunity?

    In the past, gold investment disappointed many investors due to the fact that, people did not necessarily trust the dollar, but had faith in the US government which backed up the currency. And this has been the case for other major currencies. Today, the matter is totally different. From investment point of view, the current gold rush is fear, and uncertainty driven, and no currency can stop its demand. Tanzania is producing and shipping tons of gold; a rare metal richest nations, world wealthiest individuals, and corporations are dying to have.

    Despite the fact that, our land is producing a lot of gold, it is shameful to say, that the country’s –Tanzania- economy and currency have been inadequately backed by this precious metal. The demand for gold is not profit driven, but a way to save some of the most liquid assets in longer terms. Investors are not running into gold and other precious metals to make a fortune, many are running into this precious metal with hopes of simply saving their most liquid assets (cash) from further damage. Gold is the best alternative to the fluctuating currencies, deteriorating treasuries, corporate, municipals bonds and other forms of investments.

    Those in gold purchasing frenzy believe that, debt or over borrowing by many nations trying to stabilize their economies, will lead to overspending and consequently explosion of inflation which could help gold to rise in prices. It is imperative to say therefore, that, gold is Tanzania’s strategic weapon and asset that could starve off economic nightmare the country is faced with. The Parliament and the executive branch of the government must now review and perhaps nullify most of the existing gold related contracts benefiting foreigners more than the country itself.

    These are extremely difficult, economic times, which need extra ordinary measures and decisions. Considering Tanzania’s wealth, both human and natural, one can only wonder why a country so rich; sitting on gold, to remain a charity case in the eyes of the world. It is my hope therefore, that our “leaders” reading and monitoring the global economic progress, will or have strategized on how our country can immensely benefit from this gold rush. We hope our government can use this precious metal to her advantage. The government of Tanzania must shift/increase its reserves with domestically produced gold, as opposed to the United States Dollar, Euro and the British pound. The country needs to wake up, it is a gold RUSH!

    Mungu Ibariki Tanzania

    John Mashaka,
    mashaka.john@yahoo.com

    Source
    Michuzi Blog
     
  2. Muke Ya Muzungu

    Muke Ya Muzungu JF-Expert Member

    #2
    Aug 23, 2011
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    tanzania ina laana
     
  3. ubun2

    ubun2 Senior Member

    #3
    Aug 23, 2011
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    ALL I have to say to the people of my birth country, Tanzania. WAKE UP! So far no one is held accountable for ALL those dubious contracts and the group of ppl at the helm of signing away the country's resources are the same. Their names continue to appear and reappear in this country's most dubious deals. Be active participants in your country not passive receivers.
    (In most countries the revenues from a natural resource for example like oil is the property of the nation or the people of the nation, and the government is using it on their behalf.)
     
  4. Muke Ya Muzungu

    Muke Ya Muzungu JF-Expert Member

    #4
    Aug 24, 2011
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    the only power we have is mass protest against this corrupt regime. if jairo can go free, then the country is finished
     
  5. ubun2

    ubun2 Senior Member

    #5
    Aug 24, 2011
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    Corruption=NO Accountability! You ALL who is able to should get on twitter, NOW! Get your voice out there. Use hashtag #Tanzania #corruption
     
  6. ChingaMzalendo

    ChingaMzalendo Senior Member

    #6
    Aug 24, 2011
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    the only way to deal with Kikwete "National Catastrophe" Is popular uprising. We must find a mechanism for organizing this option of last resort
     
  7. i411

    i411 JF-Expert Member

    #7
    Aug 24, 2011
    Joined: Mar 23, 2011
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    watanzania bwana siye niwazuri kweli wakuonge na kuandika mambo yaonekane mazuri. Kweli nchi imebarikiwa ukiangalia tuu karamani ka afrika ni tanzania tuu inangaa kwa bahari maziwa makubwa mawili afrika na hata hako kamalawi tulichowapa siye twakiita nyasa. hivi vyanzo vya majii tuu vyaweza kutuendeleza kiuchumi kuwa taifa bora africa. tatizo bwana hakuna vitendo au mtu serikalini ambaye anaweza kuongoza kwa vitendo kupiga hatua ya kwanza wengine wafuatie. Sasa wapinzani wetu baada na kuangalia njia ambazo wanaweza kuboresha nchi na kuwapa wahusika matumbo moto katika uboreshaji wa huduma wao wamebakia kutoa ahadii tuu kama kawaida na wengine kuandamana kutuambia hatuna umeme.wakati umefika tufanye utafiti wa kuboresha maisha yetu sio kuambiana vile ambavyo tunajua hatuna umeme, misongamano hivyo twaviona kila siku. Siye twajua tuna dhahabu na matanzanite na hatujui hata zikoje manake hazijawahi hatu kutunufaisha wenginge. Sasa kaka mashaka kuambia watu waamuke ni sawa lakini waambie waamuke wafanye nini kiwaongezee samana maishani hapo ndo shida yetu. tunaambiwa tuamuke kila siku lakini tunaambiwa habari ile ile tunayoijua na yule ambaye tunazani mambo yake super. Sasa bwana tuleteeni habari mpya ua mikakati labda mwakani mambo yatakuwa super. Siyo wengine tunaenda kuandamana kwa kidaladala kwa shughuli tunaibiwa hela ya wikinzima jamaa kiongozi wa msafara anatinga na BMW haya matusi halafu anatukumbusha maisha tunayoishi wakati yeye hayaishi.
     
  8. ThinkPad

    ThinkPad JF-Expert Member

    #8
    Aug 24, 2011
    Joined: Apr 11, 2008
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    Try to Think, tunakipi cha kujivunia?
    Jawabu ni hakuna hivyo tulipaswa kujivunia gold na kisha zionekane zikisaidia watu wake kwasababu hatuna chochote, sisi hatujui hata kutengeneza radio, sindano, wembe, hivyo tutumie akili Mungu alizo tupatia gold yetu tutaikumbuka.
     
  9. ubun2

    ubun2 Senior Member

    #9
    Aug 24, 2011
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    Also, have to take the fight against corruption to the internet. Twitter is the best for this. Let the world hear your voice. Ppl from Tanzania need to tweet about the corruption in their everyday lives and also the looting taking place by their leaders.
     
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