It's true my leader what you are saying my leader, But when I spoke about education I was responding to you when you bragged about Economics 101 when we were busy trying to find answers to challenges facing this world. My response was to show that asking questions is not a proof of Economic 101 deficiency but is another way of spreading debates and allowing others to be on par with the current discourse.
Confining our political acumen to some minute idealist notions has a potential of undoing our revolutionary gains. It is high time that we open a space for those who are left behind by South Africa's historical background and its spin offs. You last question I believe Kenya is not entangled in the global capitalist market. The lesser the influence of the Multi National Corporation (MNC's) the lesser the dependence on these failing markets. Our dependence on the MNC's is such that the fall of the USA affects us tremendously. Amandla nkokheli On 10/12/08, vusi manzini <[EMAIL PROTECTED]> wrote: > > Cde Mzukisi > > That is very true Com! Education is not only received through a formal > system where uniformed pupils or students spend time in a room called a > classroom. I believe that this is almost the same as going to class and have > someone imparting the knowledge. This whole nonsense of our detractors > moaning about President J.Z being not educated and having no skills to lead > the country is sickening. I do not subscribe to that school of thought. Cde > Trevor the Minister of Finance is said to be one of the best world > Ministers in the world. Yet when you look into his qualifications he > possesses no such Master's degree from Harvard. The Cde learned from the > study groups and rearch units of our movement than he did in a classroom. > > I can't stop watching the interview of e-tv's Debra Patta with Cde J.Z. > What a Stateman!! Having a President who is a graduate has never been a > guarantee that the leadership will be the best and the one that is > charecterised by all the tenents of democracy. Let this country give Cde J.Z > a chance. I still remember President Zuma apologising to the nation about > his encounter with the lady and not using protection. Must he keep on > apologising so that people can let this go. Who said we need Jesus Christ > for a President? I think South Africa needs someone so real and human like > Cde J.Z. We need someone who understand how it feels to be persecuted and > still preach peace. We need someone who will show the young peoples of this > country that your humble beginnings does not define who you are and the > totality of what you can amount to be. > > *CDE MZUKISI IS IT NOT THE CASE THAT KENYA AND THEM ARE CUSSIONED BY THE > CAPITALIST USA? * > ** > *THANKS CDES* > ** > *VUSI MANZINI* > On 10/7/08, Mzukisi Ronyuza <[EMAIL PROTECTED]> wrote: >> >> >> Mavusana >> >> Education is a lifelong learning, one might flounder where others flourish >> and other will flourish where others flounder. Through our interactions and >> exchange in this tool we learn. It is only the willing that learn in any >> situation. I am one of those who are not shy to ask or to say I don't know >> and through I have learned a lot. >> >> *The other intriguing question was the fact that East African bloc was >> not affected by all this upheaval. The only affected part in Kenya was >> tourism. Maybe it's because tourism in this block is part of and is enmeshed >> in the global capitalist spider web. ECONOMICS 1O1 MAVUSANA IS NOT ONLY >> RECEIVED AT THE INSTITUTIONS OF HIGHER LEARNING, ALSO LE EZINTABENI >> ZAKWELAKITHI IKHONA MASILUSA IZINKOMO IKHONA WENA.* >> >> Socialist Regards, >> >> Mzukisi Ronyuza >> >> >> >> >> On 10/7/08, vusi manzini <[EMAIL PROTECTED]> wrote: >>> >>> Cde Lebogang >>> >>> Thank you so much for having responded in a very helpful way for some of >>> us who did not have the opportunity for Economics 101 in those institutions >>> of higher learning. It is very exciting to see that we have such wealth of a >>> pool of capable Cdes who have the ability to deal with the challenges before >>> us even as some decide to quit their deployements to ensure a collapse of >>> our country under a new leadership. >>> >>> Cde Mzukisi thanks for asking the right questions too on our behalf. I >>> appreciate this platform of debates of such well informed great minds. Keep >>> it up Cdes. >>> >>> Vusi Manzini >>> Mpumalanga Province >>> >>> >>> On 10/2/08, Lebogang HavoK Hoveka <[EMAIL PROTECTED]> wrote: >>>> >>>> >>>> Cde Mzukisi, there are many components to this but a brief and not so >>>> comprehensive analysis is: >>>> >>>> >>>> >>>> The bank borrows money at the Repo Rate and it in turn sets its interest >>>> at what is called "Prime". Now because of 'rational expectation' bank >>>> borrowed people who could not afford housing loan, money to buy houses at >>>> sub-prime (below prime). This was based on the assumption that these people >>>> (e.g graduates) will earn more money in the future, be able to afford >>>> deferred payments and also that property prices will go up and in the event >>>> of them defaulting on their loans the increase in the value of the proper >>>> will then cover the outstanding debt. But as the global markets began to >>>> slump, oil prices rising and inflation going up- interest rates started to >>>> increase. This means that buying a house on loan becomes more expensive, >>>> less people can afford house and demand for houses goes down. When demand >>>> for anything goes down the Price also goes down. Now the people who took >>>> loans at sub-prime could not longer afford the increases in the interest >>>> rates and started to default on payments. When bank auctioned the houses, >>>> because of the reduced price, they actually realized a loss and could cover >>>> their debts to central banks too. You will remember when Saambou closed >>>> that >>>> the worst thing that can happen to a bank is for people to hear that the >>>> bank is running out of money. Many will run to withdraw their funds. But >>>> remember also that you deposit money into a bank and the bank inturn >>>> borrows >>>> that money to other people, when these people cannot pay the bank back, the >>>> bank cannot pay you and goes into liquidation, this is -in roughshod- what >>>> caused the crisis. So to recover the Banks are being nationalized in >>>> Britain >>>> (who ever thought that Westminster would nationalize a bank) and in the US >>>> the state is pumping 700 billion (if approved) into the banks to rescue >>>> them >>>> from what is essentially reckless lending. >>>> >>>> >>>> >>>> Other factors that may have increase this is that it is rational to sell >>>> to the "bigger idiot" i.e you can sell your bad debts to a debt collector >>>> provided he can recover what he can and sell it to the "Biggest idiot" who >>>> will realize it has not value. This is what is called a 'speculative >>>> bubble' >>>> in economics, we call it pure capitalism. I hope I have given you a brief >>>> idea. >>>> >>>> >>>> Lebogang Hoveka >>>> ANC Caucus Researcher >>>> Economic Transformation Cluster >>>> Office V243 Old Assembly Building >>>> Parliament of South Africa >>>> Cape Town >>>> 8000 >>>> Office Tel: (021) 403 2231 >>>> Work Cell: 082 309 8183 >>>> Personal: 083 570 2251 >>>> >>>> "Those who feast on the fields of other are often forced into gesture of >>>> friendships they do not desire" >>>> >>>> >>>> >>>> 2008/10/1 Mzukisi Ronyuza <[EMAIL PROTECTED]> >>>> >>>>> >>>>> *ASSIST ME COMRADES I DO NOT PROPERLY GRASP ECONOMIC AND FINANCIAL >>>>> MATTERS TO CAN FULLY FATHOM WHAT TOOK PLACE IN THE USA RECENTLY.* >>>>> ** >>>>> *THE ECONOMIC MAYHEM THAT RECENTLY TOOK PLACE IN THE USA AFFECTED THE >>>>> US DOLLAR, STOCK EXCHANGES & FINANCIAL MARKETS. EVEN OUR OWN ECONOMY WAS >>>>> SERIOUSLY AFFECTED.* >>>>> >>>>> *THE KENYAN ECONOMY, THE BIGGEST IN EAST AFRICA, AND MOST OF THE EAST >>>>> AFRICAN COUNTRIES WERE NOT AFFECTED BY THIS. ONLY TOURISM WAS AFFECTED IN >>>>> KENYA.* >>>>> >>>>> *HOW SO COMRADES? WERE WE AFFECTED BY THIS BECAUSE OF SOUTH AFRICA'S >>>>> LACK OF ECONOMIC ANALYSIS? WHAT LESSONS CAN WE LEARN FROM THIS? HOW >>>>> DANGEROUS IS OUR PROXIMITY TO THE CAPITALIST INTERNATIONAL MARKET? HOW DO >>>>> WE >>>>> BENEFIT FROM THE CURRENT US SENATE BAIL-OUT? * >>>>> ** >>>>> ** >>>>> *IT IS TRUE THAT CAPITALISM IS UNDER SIEGE BUT MY CONCERN IS THE WAY >>>>> WE HAVE FORGED RELATIONS WITH THESE GLOBAL CAPITALIST MARKETS AND THE >>>>> EFFECTS THESE MIGHT HAVE TO OUR ECONOMONY. IS IT NOT ABOUT TIME THAT THIS >>>>> COUNTRY CHANGES FROM THIS SPIDER WEB ECONOMY THAT HAS AN ELECTRICITY >>>>> EFFECT >>>>> TO ALL AND SUNDRY, WHEN USA SNEEZED EVERBODY GOT COLD EXCEPT KENYA AND THE >>>>> EAST AFRICAN ECONOMIC BLOCK.* >>>>> ** >>>>> ** >>>>> *PLEASE ASSIST ME COMRADES? * >>>>> ** >>>>> *AMANDLA !!!!!!!!!!!!* >>>>> ** >>>>> *MZUKISI* >>>>> ** >>>>> >>>>> Parliament of South Africa >>>>> Cape Town >>>>> 8000 >>>>> Office Tel: (021) 403 2231 >>>>> Work Cell: 082 309 8183 >>>>> Personal: 083 570 2251 >>>>> >>>>> "Those who feast on the fields of other are often forced into gesture >>>>> of friendships they do not desire" >>>>> >>>>> >>>> >>>> >>>> >>> --~--~---------~--~----~------------~-------~--~----~ You are subscribed. This footer can help you. Please POST your comments to [email protected] or reply to this message. You can visit the group WEB SITE at http://groups.google.com/group/yclsa-eom-forum for different delivery options, pages, files and membership. 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