49:54 this guy is such a gem.. If you over tax away the private sectors' earnings, you basically reduce the money in the economy. This can lead to unpleasant consequences like recessions i.e. like when the US government chased a surplus by over taxing, and that led to the recession that started at the end of 1929...The Ugandan government doesn't know that it can just create the money to provision itself within the economy, rather than generate it from taxes.I would recommend BOU and the government to listen to this gentleman...
For the sake of reflection, what if Uganda does know that it can create its own fiat currency, however it is stalled by the international community, i.e. IMF, WB, Europe/US?
This man is brilliant. I don't even know how our financial system in Nairobi is surviving... It doesn't make sense with all the banks and even more mobile lenders including the government through these Ruto hustler loans. 🤔
GRAND RISING GO OUT TOO OUR AFRKAN BROTHAS AND SISTARS AKWAABA FAMILY 1LUV GREAT CONTENT AND GREAT VIBRATION AND INFORMATIVE KNOWLEDGE 👍 BLESS UP 👍 🙌 🙏 ASE ' ASE ♥
This left me wondering. Why does the central bank borrow from the commercial banks yet they can create the money? Why doesn't the central bank create all the money that they need and using credit allocation have it sent into production? Why over tax people for money yet you can create the the money you need? Last but not least, why build the express highway yet a train from Kampala central station could have solved the problem? The list of questions goes on...
Africa means 2 lands separated ..Just as Hebrew means to Cross over. ..Abraham and Sarah Were named them names when they cross Tigris and Euphrates River ..That's when They were given the Hebrew Name ..True African Name is Ethiopia
But the truth is that cryptocurrencies are soon letting down the existing bank system unless they accept CBDCs, they are finished 🤔. Block Chain technology is inevitable to fight and defeat, the only way forward is to embrace and move on.
Had to rewind ⏪⏪ countless times 😍👌
49:54 this guy is such a gem.. If you over tax away the private sectors' earnings, you basically reduce the money in the economy. This can lead to unpleasant consequences like recessions i.e. like when the US government chased a surplus by over taxing, and that led to the recession that started at the end of 1929...The Ugandan government doesn't know that it can just create the money to provision itself within the economy, rather than generate it from taxes.I would recommend BOU and the government to listen to this gentleman...
For the sake of reflection, what if Uganda does know that it can create its own fiat currency, however it is stalled by the international community, i.e. IMF, WB, Europe/US?
Thank you professor.
Dr Kihura Nkuba breaks this down brilliantly. Well done!
🟥⬛🟩👊🏿
Brothers are intelligent in Uganda!
This man is brilliant. I don't even know how our financial system in Nairobi is surviving... It doesn't make sense with all the banks and even more mobile lenders including the government through these Ruto hustler loans. 🤔
Host this gentle man again especially in the issues of black race over other races even economics.
I can't believe this is a 2019 video. Very informative, perhaps too informative!
Thank you Professor
37:44 ...because you have confused me enough.
very poor audio quality but great info out there
Why can't he be given a ministry to head it
Enjoyed the presentation of information
What an eye opener👁👁
Audio is so low🤔
GRAND RISING GO OUT TOO OUR AFRKAN BROTHAS AND SISTARS
AKWAABA FAMILY 1LUV GREAT CONTENT AND GREAT VIBRATION AND INFORMATIVE KNOWLEDGE 👍 BLESS UP 👍 🙌 🙏 ASE ' ASE ♥
Kihura Nkuba nomushaija.Mpaka Tz nitukuhurira
Remove and upload this video again please. Volume too low
the volume is very low
AND POOR QUALITY
God bless you sir
The man has facts
Hi the volume is very low we can"t get you clear sir.
This left me wondering. Why does the central bank borrow from the commercial banks yet they can create the money? Why doesn't the central bank create all the money that they need and using credit allocation have it sent into production? Why over tax people for money yet you can create the the money you need? Last but not least, why build the express highway yet a train from Kampala central station could have solved the problem? The list of questions goes on...
When there is a serious topic to teach the wana inchi the audio becomes fake
Lol this video should having more views 🤔🤔
Mmmh
Are those pajamas 😅
Wonderful presentation dear Sir, All you talked about has come to pass
Africa means 2 lands separated ..Just as Hebrew means to Cross over. ..Abraham and Sarah Were named them names when they cross Tigris and Euphrates River ..That's when They were given the Hebrew Name ..True African Name is Ethiopia
But the banks follow the double entry system and they strictly regulated by the central bank not lend beyond a certain ratio of the deposits
Yes, fractional reserve lending.
I hate the interruptions by the interviewer…it’s annoying….let he professor finish his points and examples
Host him a gain
But the truth is that cryptocurrencies are soon letting down the existing bank system unless they accept CBDCs, they are finished 🤔.
Block Chain technology is inevitable to fight and defeat, the only way forward is to embrace and move on.
But it’s digital and it’s what this guy is talking about. It’s a myth, just created, have you heard how recently it’s going low?
In fact here in China it’s only the government who will control the e-currently ( digital money), which is better because it’s controlled.
Why does this fellow dress like a cook?
His self esteem is high ,he proud of his culture
you need to be freed from mental colonisation
Choice. It's a free world!
Kihura Nkuba nomushaija.Mpaka Tz nitukuhurira