Kenya’s Youth Are Rising Up Against U.S.-IMF Control and Aren’t Backing Down
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- Опубликовано: 27 авг 2024
- The Kenyan people successfully defeated a deeply unpopular finance bill that threatened to worsen Kenya’s already-dire poverty and inflation. After massive protests that turned violent, President William Ruto withdrew the bill that the U.S. and the International Monetary Fund (IMF) were imposing, which would have dealt the most intense austerity policies in Kenya’s history. To explain how the IMF traps countries like Kenya in cycles of debt and why these measures fail the Kenyan people, Dr. Chelwa joins the show. Dr. Chelwa is a Professor of Political Economy at the Africa Institute and Senior Fellow at Tricontinental: Institute for Social Research.
#BreakThroughNews
"The president has dismissed his entire cabinet". Kenyans don't care, he needs to dismiss himself.
Is that not what elections are for?
🔥
Visit mathari hospital. You're sick.
He is saying the truth @@magicmind6458
What about the $150,000,000 cash that was flown out of Nairobi three weeks ago?
there's so much optimism in this anti IMF victory. The "end of history" repudiated. Keep fighting Kenyan youth, stay strong.
Our dear Kenyans (this is from a non-Kenyan sub-saharan African), what about making a way for the knowledgeable and proactive pan-Africanist PL Otieno Lumumba (having deep Kenyan, African, and world historical and current understanding) to the Presidency of Kenya. Kenya should then very probably receive the same type of support and respect from both Kenyans and Africans/blacks (as a whole) like Burkina Faso and the Sahel Conferation. Otieno Lumumba (reminiscent of Patrice Lumumba) commands about the same respect as Ibrahim Traore (reminiscent of Thomas Sankara).
Forward with Kenya, a model and rising sun ☀ from the East of Africa🌍
@@afigbg373 I hope the youth of Kenya can elevate Otieno Lumumba to the presidency. As of now Kenya acts as a junior partner for American hard power.
Forward toward a progressive pan-Africanism!
All the best from Los Angeles California.
I stand with you, Kenya ❤
From NJ 🇺🇲✌🏼
❤❤
❤❤
And this is why more countries are joining BRICS
💯💐 from the Netherlands
yeah, but it will be the same from them too
@murraymadness4674 At this point it doesn't matter. The IMF has completely failed and should get out of Africa
💯
@@murraymadness4674 you don’t know that just wait for it to bear fruit before you cast judgement
Why there is no African Monetary Fund? Africa is so rich that it can afford many such funds!
Africa was trapped in a debt cycle by colonialists in exchange for "independence". Those initial leaders did not realize that the colonizers were exchanging physical colonialism for economic colonialism. Generations later, we Africans are waking up to neocolonial slavery that has kept us in poverty. The people alive today are not the generation that signed the neocolonial contracts with Europe. Now we must escape the trap.
Corruption! Corruption!
This old leadership doesn't know much they play the grandpa rule.
It's because all those riches are controlled by the West. We are still colonized and we don't realize it.
We have an African development bank which is now hijacked by the world bank and IMF. It's now an institution that's used to control Africa
IMF don’t really care about any African country God bless the young people,this must wake up the corrupted leaders in Africa.keep up the good work young people
We don't want IMF and world bank in Africa Kenya please
In a nutshell IMF simply don't care except for IMF
Im so happy that Africa is awake to this stuff! Respect
IMF... International loan sharks and protection racket for the Petrol Dollar.
😂😂😂. Spot on.
Ilsprp is the short version 😂😂😂
a "Chinese Debt Trap" is literally an IMF "loan."
😂
Ruto borrowed money from imf so Ruto must pay back not the Kenyans
My critical thinking lecturer once told me that the rich will never think of making the poor rich .
Because they will lose their kingly privilege and power over the have nots!
Absolutely!
The Kenyan ppl are right to protect their liberties. These agencies don’t treat people with dignity.
They use weapons ‘donated’ by USA. How ironic
We say no to IMF and world bank
Julius Malema and others have been showing the way to liberation, if only the continent had the courage of the Kenyan kids and Burkina Faso!
Your comment shows ignorance . Kenya has been on the streets from 1990 . Check facts before commenting.
I'm sure conscientious people know... & value the method developed by Desmond Tutu
@M-tu3kq Where in the sentence does he suggest Kenya have no history of demonstration. He just ask other African countries to master like youth of Kenya and Burkina Faso. As Kenya I take that as complement. You are the one who luck ability to comprehend
@M-tu3kq check your facts, most of the people forcing change was born in this century. No disrespect to those from the 1990s but if they did their job, there would be no need to dissolve parliment!
@@M-tu3kq Yes you are right since the nineties, but for different issues.1990 was a quest for multy partism, 2002 was for the removal of dictator Moi, 2005 was quest for new constitution which was later achieved in 2010, then come 2013, 2017,2022 were about disputed elections. These were all political and social problems,.. contrary to the present case which we all know is economical. Another thing to note here is that the new constitution 2010 has given Kenyan youths a platform to stand on that no other African country has.
There was a bill to turn all freehold land to leasehold and tax all of it,the bill also stated that the state could compulsorily acquire your land without fair market compensation,this was a bill that was worse than the finance bill and was cancelled after the protests.The IMF is sick.
I'M PROUD TO SAY THAT THE YOUNGER GENERATION IS A LOT SMARTER THAN THE OLDER GENERATION ... AND CANT BE BRAINWASHED AND FOOLED AS EASILY
True
💯. Those mzei dumbos
False. Thing is, there is nothing new under the sun. We too thought we were smarter than our parents, until life kicked us on the cojones once too many times. There's also the bloodshed that is lost to the youth's memories because most of them were either kids or were not born yet. No, has nothing to do with smartness and more to do with numbers and the fact that not enough blood has been spilled. Trust me on this, it has happened before and will happen again. And every time it does, it's always worse. One day, you'll be on in your 40s and 50s and you WILL feel very differently about how "clever" and "fool-proof" you are. Count on it.
🇰🇪 woman here. ❤. Best country. Best people. Proud of our Gen Z for the growth and leadership.
IMF should ask USA to have financial discipline.
34 trillion USD in debts and no way of paying them.
USA the Poorest Country on Earth.....if you factor Debt...
@@franklim9672 do as i say not as i do
It will never happen. The U$ regime is the IMF's big boss!
@franklim9672 You are 100% correct👏🏻💯 Problem is as usual US have the loudest voice & power to veto
Bravo Kenya youth 💪🏾💪🏽💪
How Europe under developed Africa is a very good read.
A must read.
It’s the same kind of prescription that the IMF has also dosed out to Nigeria, which has resulted in inflicting so much pain, hunger and poverty across the country. The youth are therefore taking a cue from what is happening in Kenya and preparing to stage similar protests in Nigeria. My confusion is why African leaders are not seeing the threat that is fast approaching their cozy and comfortable positions. A really clueless set of idiots.
They're are not seeing the threat because they are arrogant
They pocket most of that loan money. When things go bad they'll leave and go pretend they are happy in exile.
All of Africa must do the same as Burko Faso, Niger and Mali and kick the Colonialists out of Africa. They must all stick together because this is their first and only chance to be free from their greed.
The youth do right to kick off. It's their right to have a bright future, reaping a good life, from their own resources.
That's why they need new leaders, not the old crooks that are still in their master's pay.
@@McKillahGuerilla It's not arrogance, it's greed. They weighed the risks and determine that the risks were worth it. Took the money and sold out their people and the entire country. They took the bet, but they bet wrong.
The kind of arrogance which is with the political class is in another level, it took the Kenyan youth to bring sense to these fools. Very selfish group of people
Stand with Kenya
Proud of my Kenya youth ❤
Our dear Kenyans (this is from a non-Kenyan sub-saharan African), what about making a way for the knowledgeable and proactive pan-Africanist PL Otieno Lumumba (having deep Kenyan, African, and world historical and current understanding) to the Presidency of Kenya. Kenya should then very probably receive the same type of support and respect from both Kenyans and Africans/blacks (as a whole) like Burkina Faso and the Sahel Conferation. Otieno Lumumba (reminiscent of Patrice Lumumba) commands about the same respect as Ibrahim Traore (reminiscent of Thomas Sankara).
Forward with Kenya, a model and rising sun ☀ from the East of Africa🌍
No developing country has ever benefited tangibly from IMF loans.
Fool me once, shame on you. Fool me twice, shame on me!!
What an irony?? I really fail to understand Mr Ruto of Kenya, his country is up in arms , has fallen in total chaos, calling his resignation and yet he still has the audacity to keep on sending army troops to Haiti ? This man is truly deep into the pockets of America and other imperialists. Is him and Kagame! He must just go!!
It took less than 12 years for imf & wb to reconstruct Europe after their 1939-1945 war. The two banks have been in Africa for over 60 years without a single success story. The two have instead shifted towards implementing the Morgenthau plan in Africa - a policy designed to turn Africa into a cheap/free raw materials producer. In the 1970s, Africa contributed 3% of global industrial production today, it is down to 1%. The G7 (G6 in 1975) was formed to oversee implementation of this policy, which came in as structural adjustment programmes (SAPs). This destroyed industries and social services on the continent
Isn't it strange how people in power always seem to exercise their power to benefit themselves?
Noone is mentioning the fact that the debts collected never got to the kenyan citizens. Please gather extensive information from actual Kenyans to convey accurate data because as a Kenyan, this convo just feels like we got the money and we're just lazy
This is a very insightful brother. Great interview, it has enlightened me on very different perspectives. 🙌🏾👊🏾👏🏾👏🏾
IMF PUPPETS 😮😢
Puppets presidents of Africa so sad
Ghana has gone to the IMF 17 times since independence and there is since no sign of economic freedom and prosperity, except that we've been crippled with a $3 billion loan in our last visit in 2023. Our economic woes started when the enemies of the state and Africa at large, doing the bidding of neocolonialist powers, overthrew Nkrumah and handed our chance of economic sovereignty to the control of western powers. The IMF and World Bank were invited by the new government to manage the economy of Ghana after this treacherous act was carried out. Here we are today, completely subdued at the mercy of these institutions. The minimum wage in Ghana was recently increased from 14 to a little over 18 Ghana cedis per day (yes! not even an hour). That is less than a dollar and fifty cents ($1.5) at current rates. A country that is the largest exporter of gold in Africa, second largest exporter of Cocoa in the world, discovered and exports crude, has bauxite, timber etc been completely subjugated and pillaged by so called champions of Human Rights and Justice.
We reject , Ruto must go because he is a western puppet
I am a luo from Migori Kenya,our people are just lazy .Mark those words.
Kenyans are just lazy.No free cheese.
The person that comes after Ruto might be like a dictator, you need to strike a balance when it comes to what you are asking for.
What do u mean they are lazy???@@albertmatunda5387
@@albertmatunda5387you sound like an opp., honestly..
IMF and World Bank should understand President Ruto took loans on personal basis.Kenyans has nothing to do with those loans #Rutomustgo
Exactly
"When you are at the biding of the West strange things can happen" how true 🙏
The west or IMF has no interest of developing any poor country
Kenya is not a poor country. It’s poorly managed
@@Dixonmcdixon But the original statement remains true. We can not afford to remain in denial as these crooks are trying to steal our country and future.
@@Dixonmcdixon,it is the culture of the people.No free cheese anywhere.
Absolutely NO! Chinese are intelligent people!
@@albertmatunda5387 there is nothing like a free lunch!!! No one gives anything for free in 2024 not even oxygen
BUT THE PROBLEM IS THAT THERE WAS GOONS HIRED TO INTERFERE WHO WERE BRAKING OTHER PPLE BUSINESS TO PAINT DEMONSTRATION BAD! 😢 PICTURE 😢😢😢
The youth saved Kenya so what tells it about the Adults who did nothing
Excellent guest, very knowledgeable of his subject
Excellent conversation and guest! Can't help but feel so optimistic about Africa's future!
This was so great. Thank you so much for sharing ❤
Kenya introduced the tax hike proposal on
Bread , oil , mobile tech , financial transactions service
Kenya says that tax hike would have helped the nation pay back china loans that are coming due . IMF with it handlers in the west probably promised Kenya money if they go to Haiti as a police force .
As at the end of 2023
China $5.9 billion
Total $45.5 billion
Kenyans know better
Dr Chelwa, very bright man.
Has China ever gone to the IMF, no, no, no. But look at China today.
China was part of the founding of the IMF therefore would have no need to borrow from it. And are also trying to compete with it (so that they would have total control over the debt instead of only having a small vote in the IMF's policies).
They were funded initially by the US and their factory growth was from the US
@@michaeld4861Well denying emerging nations like China for a larger share of voting rights and reform plans is like waging a war
against genuine multilateralism.
You can also the puppets....we don't a leader who is putting a foreign force against his own pple....Ruto should leave for US and work for IMF in their own backyard not in Kenya
Our dear Kenyans (this is from a non-Kenyan sub-saharan African), what about making a way for the knowledgeable and proactive pan-Africanist PL Otieno Lumumba (having deep Kenyan, African, and world historical and current understanding) to the Presidency of Kenya. Kenya should then very probably receive the same type of support and respect from both Kenyans and Africans/blacks (as a whole) like Burkina Faso and the Sahel Conferation. Otieno Lumumba (reminiscent of Patrice Lumumba) commands about the same respect as Ibrahim Traore (reminiscent of Thomas Sankara).
Forward with Kenya, a model and rising sun ☀ from the East of Africa🌍
selfish personal gain is the reason why Kenya is in trouble PEACE
It goes both ways. IMF must take responsibility for aiding the corruption. Their officials are also pocketing a lot of money. A huge portion of the loans don't even enter the borrowing country. It is wired to clandestine accounts in tax havens. IMF is the one that has the money that is wired. They must explain why they send it to hidden banks in other territories instead of the central bank of the borrowing country. This corruption assures them of a huge pay cheque from innocent citizens.
100%
This kind of media is what we should be listening to and not the mainstream media. Candid discussion.
Such a great interview, if I may call it that. You guys are great listeners and ask relevant questions. And your guest - chef’s kiss!!! Subscribed :)
Freedom to Africa.. do not be shackled to d colonialist powers
Kenya people reveliote against imperial power
Great host excellent programme 👍 Rania love you 🥰😘
The olde.r generation were not empowered to say no and there was no transparency and those who liberated this nation, majority died poor paying the debts from IMF. Thanks to God our children are In better days.FREEDOM IS COMING TOMORROW'
Hope Kenya Will change for the better like their brother Angola! 🙏🙏✌️❤️
Thank you dr for making things a little more clear
It's about time...stay woke! "THE BLACK MINISTER OF REAL JUSTICE "..USA.
Agree with your guest 100%, sadly this the same IMF and World Bank trap that most Caribbean Islands are caught up in🇯🇲
Excellent discussion. Thanks for sharing this.
While western media doesnt call it a debt trap
Thank you for understanding..... African people Speaking themselves.......... their own stories........
Thanks for inviting Him......
ThanksGenz....Youthskenya.....
Thanks again.........guys
And on the issue of being a Western puppet, he is knows what he is doing. He is trying to be in good books with West so they do not criticize him. In short he is manipulating the West and everyone else as he always has and then play victim. And get money in the process.
He's a thief!
Actually IMF loans are bad for Kenya but they are not the worst on Kenya profolio. The worst of Kenya loans syndicated local and international loans. The eurobond that never made it to Kenya and China loan. Most of Kenya loans arefround and thus odoiuss debt
How can they increase taxes on kenyans and other countries not 🚫 to IMF and world
Excellent conversation.
Political corruption is not only in Africa, it is in most Western nations as well, just look at each nations to see if majority of the people are happy or not then you know if their politicians are doing a good job or not. Good bless the brave young people in Africa to start fighting to improve their future and generations that follows! 🙏🙏✌️👍👏👏👏❤️
Greed is blind...
& strides to the abyss
His cabinet is not a problem but ruto is
Awesome.
The bully IMF
No solution. Just talk. Go back to the thinking board. ASK THE YOUTH.
I wish you invited a Kenyan activist so that you can get the whole picture. The habit of inviting academics and armchair analysts should be left to mainstream media
Yes that would be excellent. They are capable of speaking for themselves.
I saw this coming when Ruto was speaking differently and acting differently. I was bleeding in my heart because i followed Ruto campaigns and i believed in him just as am believing Troare now. When he talks with Obama i felt a sharp pain . Reflecting how Obama killed Gadaffi and destroyed lybia up till this 12 years no president. Then i asked myself what good can Obama do to kenya??
As a kenyan what did he do to kenya as USA President for 8 years.
IMF is anti development fund for africa. The west don't want africa to be rich. The want the youths to be treated as voluntary slaves in the so called develop countries.
Any african leader who do not work as Gadaffi did is not for africa.
Gadaffi turned a desert to Oasis. Just as Dubai is today.
With social media everything is on the table. So african youths can not turn a blind eye for their future.
Japan had it's own financial systdm but when it was going to pass them they made them join IMF
Thank you BTN you guys are the best 👌 👍 😍!
Are we asking the right questions? Why has Kenya (and other African countries) had to resort to IMF loans which we all know come with very stringent conditions? Should we not be talking about improving financial management and stopping financial leakages (like corruption) in Africa?
Yes, what actually is occurring is a transfer of wealth from the IMF loans to the Kenyan political class through corruption. The problem with these loans is the IMF sets terms that only look at the revenue side (higher taxes removal of subsidies, cuts to health/education funding) and ignore mismanagement of funds. So the political class in kenya and the u.s. government gets what they want at the expense of the ordinary Kenyan citizen. It is simplistic to only look at one side or the other.
Because African leaders always pocket that amount part of it
That too
In part because the continent does not have it own untified currency.
The money was donated but never reached
Where does the IMF take its money to be able to lend to other countires? Who is owns the IMF?
Africa unite and stop this imf nonsces!
Very true
This is literally the only news channel I can choke down now.
Breaking Points has turned into a clone of CNN..
The IMF dictates everything from land to rights etc. They become the defacto govt without bieng voted in , they directed legislation that would have opened the country to private equity , ridiculous
The uhuru and current government regime messed kenya more than the Imf.local banks are earning 17% from treasury bonds compared to below 7% from imf.problem with Imf is that their conditions are not about stimulating economy but,getting more taxes and reducing government social programs.
People power
IMF knows that its fund goes directly in the pockets of politicians
The only way we can reject them, is by paying tax or otherwise, we shouldn't demand developments from the government.
What's happening in Haiti 😮😢 ?
"Loan shark".
Sad reality Kenya suffering
Kenyan police should not be in Haiti.
These are authorized thieves.
We don't want IMF and world bank anymore in Kenya
The majority of Kenyans voted for a candidate who went around during the election season, driving big trucks 🚗🚒 and throwing money to voters. This behavior revealed his true character, and now he wants his money back. As president, he is seeking to recoup the money he spent during the election season to buy votes. This situation illustrates the principle of "play stupid games, win stupid prizes." Hopefully, next time Kenyans will learn to vote for someone with integrity and a true moral compass, rather than being swayed by money and flashy displays. 💰🚗🚒 🚁 ✈️
Ruto
No dialog???
Because whom can you sit with and cheat again????
You're to go out of leadership.
The power is on the owners hands...
It's simple get out...
Africa is the richest continent yet Europe and America are the beneficiaries,time is ripe and is now for Africa to be liberated.John 8:32.
W.E.B DuBois in his latest interviews (you can find this video here on RUclips) said that African nations should never take credits from western institutions. He suggested to deal with USSR and China instead. USSR does not exist anymore unfortunately, but Russia and China can play, and do play progressive role in the future of Africa.
RUclips doesn't like anyone to have conversations about the IMF it seems. i wanted to add on about the IMF in the comment section but immediately got removed.
more than half of my comments get removed by youtube
Who are the people that runs the MIF? Also, why don't Africa government that run the Countient in Africa trade minerals for investment? Why are they taking loans from those countries. Also, They are sending minerals for free to they individual countries without paying taxes or keeping an eye of minerals leaving the country. This is a devastating rule. Stop borrowing money from these countries. Some of those countries have their own debt. Even the US. Why debt forgiveness when you have countries taking your minerals. People think.
We need more of this discussions in all platforms, we have to tell our stories as they are. Western media, unfortunately o compromised.
Ruto must go.
Our dear Kenyans (this is from a non-Kenyan sub-saharan African), what about making a way for the knowledgeable and proactive pan-Africanist PL Otieno Lumumba (having deep Kenyan, African, and world historical and current understanding) to the Presidency of Kenya. Kenya should then very probably receive the same type of support and respect from both Kenyans and Africans/blacks (as a whole) like Burkina Faso and the Sahel Conferation. Otieno Lumumba (reminiscent of Patrice Lumumba) commands about the same respect as Ibrahim Traore (reminiscent of Thomas Sankara).
Forward with Kenya, a model and rising sun ☀ from the East of Africa🌍
Can anyone point to a single country in the Global South that benefited from association with the IMF, World Bank or any other Multinational Institutions, and please don't mention Germany under the Marital Plan which is exactly the point isn't it?
Hey kenyans 🇰🇪
Question: I might be government illiterate but I've never understood the idea of MPs or leaders in government earning soo much money. 500k 600k .... Why? I really need someone to teach me because maybe I'm missing something. I would argue the Army should even exceed Mps money but I really don't know about the logistics of it.... What is so wrong about earning at most 100k...AT MOST. And the rest can be put in agriculture and education and affordable rent rates because now even the homeless number is increasing and as a church member someone might call me hypocrite for not helping but the struggle is everywhere, if you even have 3 meals a day its just God at this point.
*Sigh* I need to understand this mindset of politicians because personally, it doesn't make sense to me
Most Americans can't find Africa on a map.... Mine still says USSR 😂😂😂
I'm sorry but i do not trust the international loan shark, I hope this channel grow!!!
SOUTH CAROLINA PRESANT AND ACCOUNTED FOR B1.