And who in their right mind will ever take Walking Eagle seriously?????

I have no problem with the loan - my reservation is that due to corruption, a lot of the money will be siphoned off before reaching it's target (thus reducing the money available for the infrastructure).
There are built in 'overheads costs' like commissions for government and EksDom officials which we (the borrowing taxpayers) will be expected to simply laugh off and waive.

Better than the 45% a year hike!

OK before we get excited is this loan need above the 45% hike or is it an either or situation.

There is not point in getting excited if this loan won't cover the capital needs or if this loan will then be repaid by hiking the rates by 45%

the south african reserve bank and the world bank are private companies...

who audits their digital money ? the money is not based on gold or silver so who decides how much of this digital currency they have...

and since it costs them nothing to produce this money, how can they change interest on it, and where would the interest come from?

P < P+I

the P principal amount of all the loans in the world is always less than all the loans in the world PLUS interest, so, its inevitable a certain percentage of loan-repayers default and lose their assets to the global bankers....

bankers are now buying entire countries, and if the public dont get this soon, soon the international bankers will own the world..

INTEREST does not exist...

Bank of England, IMF, Federal Reserve (USA), and the SARB are all PRIVATE companies with private shareholders that are in business to make profit and own everything!

google 'money as debt'

Nov 24 2009 08:53:27 AM
VinceRSA:

Who's playing the race card now?

Nov 24 2009 08:58:45 AM
pickedlast

Come now, pickedlast - you know how it works!
Firstly, Eksdom applies for a ridiculous increase (45%) - it later settles for 30% (which is all it really needed in the first place). Result, Eksdom is seen as the good guys who "only" gets 30% increase (which is still ridiculous!).
Secondly, Zuma applies for World Bank loan, which he gets - thereby reducing the initial 45% increase demand. Result, ANC is seen as the good guys, who brought down Eksdom's asking price (although the loan is repayable by us, the taxpayers!)

a quote, read carefully...

“Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.” - Josiah Stamp, Director of the Bank of England, 1920

So if I understand steveinthematrix correctly, this will mean that the World Bank, and whoever owns them, will now own SA's power utility ? And generation after generation of Southafricans will try to repay the loans made to eskom by teh World bank, no matter if you are black or white ? So what happens if we can't repay the loan to the World bank ?

steveninthematrix

OF course money = debt, the whole concept money has been twisted. Do some research and you will find that is is all the blacksmith's fault