http://www.businessdailyafrica.com/Opinion+++Analysis/Why+Kenya+needs+a+high+interest+rates+regime/-/539548/1281500/-/6nn5ne/-/index.html
In the United States for instance it is virtually impossible to buy anything in cash even if you have the money. All retailers insist on credit sales preferring to know your credit rating as opposed to accepting cash.
What a load of BULLSHIT - and not the type you can use to improve your crop yields!
Except for purchases over $10,000 (coz of money laundering laws/regulations) it is highly unlikely a retailer is going to refuse 'cash' for any purchase... Heck, why should they say no to good old hard cash?
I challenge the writer to visit a store - electronic, clothing, department store, etc - in the USA & say... I want to pay in cash... Chances are the cashier will smile & say "of course, sir/madam" and take the cash!!!
Retailers do NOT care about your credit history if you are paying cash... after all why should they bother with your credit history if you are PAYING in cash???
3 comments:
hapo nakubaliana na wewe kabisa
Most writers have no clue what happens in the western world.
Like in the papers today, the gentleman says Nuclear power station while what he shows in the picture could as well be a coal power station. In these days of google maps you really cant fool people.
Consumerism is a self fulfilling prophecy. If people have money to spend, they create jobs which creates more money to spend in the future. Thus when the mopping of the excess liquidity comes, the newly created jobs should be at the level to sustain the consumption.
Ay1m
Editorial failure! Anybody who writes behind a computer screen without the actual information ni bure kabisar!
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