Video Of A Slayqueen Asking Why Government Is Broke Instead Of Printing More Money Elicits Mixed Reaction

KEY POINTS

  • A middle aged slayqueen has left Kenyans talking after questioning why the government is wallowing in poverty while there are many printers that can be used to manufacture money.
  • The slayqueen could not stomach the fact that the Kenyan government is too broke to even pay Chinese loans
  • She encouraged the government to choose the easier option of just printing all that cash and using them to take care the debts and other projects.

A middle aged slayqueen has left Kenyans talking after questioning why the government is wallowing in poverty while there are many printers that can be used to manufacture money.

In a viral video, the slayqueen could not stomach the fact that the Kenyan government is too broke to even pay Chinese loans instead of resorting to the easier option of just printing all that cash and using them to take care the debts and other projects.

“Hey guys, after what am going to say, I am allowing you guys to call me dumb it’s OK but I want clarification from this, as a country we have the money making machines right? like we make money so why are we broke? Why are we borrowing loans? why have we not printed money and just pay the Chinese people? Like I mean why do we have the money making machines and we can’t make money? I mean make me understand because I don’t get it I do not get it please please explain yeah.” Said the slayquuen.

However, her sentiments attracted sharp criticisms from Kenyans in the social media as capture below:

“Printing of money by Moi and his YK92 clowns almost collapsed the economy of Kenya in 1992-93 and we are still suffering to date. Printing money leads to high inflation and destroys the value of the currency.”

” If beauty without brains was a person  then this is it. This one cant be helped. Awuoro!??”

“Economy dada…..If We print money the Value of kSh  will be just like Ugandan or Zimbabwen…..1Usd =4000ksh.. Unafikilia ka JALANGO na Wash Wash.Liquidity preference ratio”

“Na huyu atakua mama ya mtu na hii CBC homework with this thinking……..cheiii!!life no go balance….???walimu you have tough times ahead coz the last time I checked IQ ya mtoto is mostly dependent on the mother .????”

“It goes with the economic state of the country. Kenya can’t make money more than the economy can produce. It will be valueless”

“She should enroll for economic classes. Too much money in circulation would exercabate inflation. Money would become worthless. Mugabe printed alot of money in 2000s to pay off debts and bribe his enemies. What followed was people carrying money in sacks to just buy a loaf of bread. Since then, Zibambwe has never been the same again.”

“Money, especially fiat currency, is nothing other than confidence currency. Where does the confidence come from? The United States of America. Some countries (about 10) worldwide have the power kuosha pesa without backup and the USA is among the few. Therefore we cannot print “our” money anyhow. However, rogue government rulers (Idd Amin, Mugabe etc) have experimented with it and we all know the effect on the value of their currencies.”

“Kenya has loans from other countries yes, but when kenya print more money, the money will circulate around the world but will still finally return to kenya. When there’s is much more money in the country, its where the currency will start losing its strength”

“These are the questions people should be asking instead of following the economic dogmas created by the central bankers.  Simply put… The central bank has its private owners and the government only has shares.”

“Effects of educating cows and selling human beings to pay school fees”

“It goes with the economic state of the country. Kenya can’t make money more than the economy can produce. It will be valueless”

“If we can print Chinese money or us dollars or any other foreign currency your idea could work but printing Kenya shillings increase supply of currency then we have several money chasing few commodities hence getting a hen for example going for 20k bcos of increase in currency supply. Printing foreign could be good but we do not have capacity to print it reason of we print it will increase supply of that currency in their country and not ours. That’s why you hear something call balance of trade and need that we need to have foreign currency supply in our country to help minimise inflation”

“The most important factor determining the value of money is the law of supply and demand (especially through foreign exchange). Other factors determining the value of money are USDs in the Central Bank Reserves & Treasury Notes. The government can’t dictate the value of KES. Therefore, excessive printing will lower the value of KES. Remember all these loans are to be paid in USDs.”

“nless there is an increase in economic activity commensurate with the amount of money that is created printing money to pay debt would make inflation worse…as the say goes too much money chasing too few goods”

“If we print a lot of money we’ll definitely become poor as a country, with the little we have we should invest in business with foreign countries not forgetting mineral resources”

“At least she is honest. But those with average brains with the most basic education are busy insulting her.”

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