Culusow wants more DEBT so he can LOOT

[Abaq]

Baydhabo (Caasimada Online) – Waxaa la soo gaba-gabeeyey shirkii Golaha Wadatashiga Qaran ee ka socday magaalada Baydhaba, kaasi oo go’aan looga gaaray qorshaha ay Soomaaliya ku dalbaneyso deyn cusub oo balaayiin dollar ah.


Madaxda Golaha Wadatashiga Qaranka ayaa isla gartay in qorshaha deynta cusub looga qaadanayo dalalka deeqaha bixiya iyo hay’addaha caalamiga ah lagu saleeyo mashaariic isbixin kara si dib loogu gudo deyntaasi, taasi oo ay si adag uga hortimid maamulka Puntland.


“Goluhu wuxuu isla gartay in deymaha dalka uu mustaqbalka qaadanayo ay noqdaan deymo u adeegayo horumarinta dhaqaalaha dalka oo la gelinaayo mashaariic is bixin kara, loona qoondeeyo si isku dheelitiran, loona maamulo si hufan, isla markaasna aan culeys deymo saari doonin jiilalka Soomaaliyeed ee mustaqbalka,” ayaa lagu yiri war-murtiyeedka kasoo baxay shirkii Baydhabo ee DF iyo dowlad-goboleedyada.

Golaha Wadatashiga oo ku adkeystay arrin ay diiday P/L

Baydhabo (Caasimada Online) – Waxaa la soo gaba-gabeeyey shirkii Golaha Wadatashiga Qaran ee ka socday magaalada Baydhaba, kaasi oo go'aan looga gaaray qorshaha ay Soomaaliya ku dalbaneyso deyn cusub oo balaayiin dollar ah. Madaxda Golaha Wadatashiga Qaranka ayaa isla gartay in qorshaha deynta...

www.caasimada.net

 

[Abaq]

Nacalla shaydaan ku yaal. The tuugo’s latest project is to go back into debt so they can continue looting. And here we were talking about debt relief

 

[bidenkulaha]

These loans (once we get debt relief) will be used for reconstruction and major projects. We should welcome it.

Debt relief has always been about getting access to new loans. I’m surprised you have just learnt about this lol

 

[TekNiKo]

 

[Abaq]

These loans (once we get debt relief) will be used for reconstruction and major projects. We should welcome it.

Debt relief has always been about getting access to new loans. I’m surprised you have just learnt about this lol

We all know Culusow and his pals will loot every penny sxb

 

[bidenkulaha]

We all know Culusow and his pals will loot every penny sxb

Do you include Madoobe in this? Because it’ll be split between the states. This is why QoorQoor and laftagareen are heading to PL to convince Deni. They all want their slice.

Madoobe will be getting hundreds of million too. Get a job from him

Seriously tho I have more faith than you do. HSM is surrounded by many developers including his wife. People like Mahad Salad’s friends and family own major businesses in Xamar. Most of the ‘dhulboob’ etc is to build. Unlike Farmaajo, he’ll be investing in construction companies.

This is like Erdogan’s corruption compared to the African type corruptionz. At least erdogan and his friends who are major construction players will build infrastructure. While the likes of Farmaajo will spend their billions in Qatar.

 

[Andrea]

Yeah.

I don't want debt relief under Culusow, but Farmaajo and Beyle were so good that we will get it.

Basically Culusow will get us back into debt so that he can steal it or use it to build more of his business.

Siad Barre used loans to pay for factories, schools, ports and highways.

HSM will use it to build houses.

 

[cow]

culusow said during his speech, we can take out a loan and give it to private businesses.

we all know what that means.

 

[bidenkulaha]

Yeah.

I don't want debt relief under Culusow, but Farmaajo and Beyle were so good that we will get it.

Basically Culusow will get us back into debt so that he can steal it or use it to build more of his business.

Siad Barre used loans to pay for factories, schools, ports and highways.

HSM will use it to build houses.

Where’s this pathetic growth and ‘development’ you speak of

Remember that we had significant population yet couldn’t grow our economy and were completely reliant on aid money from Soviets lol

culusow said during his speech, we can take out a loan and give it to private businesses.

we all know what that means.

Well tbf we’re a capitalist country with no ‘public sector’. The projects we need building will have to be built by private companies in collaboration with the state who set out the objectives etc. similar to how most infrastructure gets built in America.

 

[Andrea]

culusow said during his speech, we can take out a loan and give it to private businesses.

we all know what that means.

Yeah his big belly.

 

[anon2]

View attachment 260909

Where’s this pathetic growth and ‘development’ you speak of

Remember that we had significant population yet couldn’t grow our economy and were completely reliant on aid money from Soviets lol



Well tbf we’re a capitalist country with no ‘public sector’. The projects we need building will have to be built by private companies in collaboration with the state who set out the objectives etc. similar to how most infrastructure gets built in America.

GDP means nothing. Today's GDP 80%+ from aid. Adjust for inflation and other things and we are worse off now than we were back then. Somalia was on the same level as North African and Middle East countries in the 80s and achieved de facto food security. In fact many Europeans who visited Somalia were shocked by the level development Somalia had. Everything was kept tight lid from foreigners

We weren't total reliant on soviet aid either. All the proof is here below.

@DR OSMAN a lot of statistics like GDP, esp. in Africa cannot be trusted for around the time period but in this case let's say it was true. Jon Snow and other Europeans who visited Somalia at the time can attest it was better off than other in SSA, which made them believe the Somali Gov at the time was defrauding the intl. community. I have a feeling the old government lied to Westerns inorder to get more aid, which is understandable. The current GDP is nothing to brag out. There is no manufacturing, there are no locally made products made. Majority of whatever is left that contributes to todays "Somali" economy is livestock export from PL. I will compare some things of todays "Somalia" with Siyaad's Somali Republic.

1. Somalia's current GDP is 79-80% foreign aid and remittance. Here is proof. Thank you @Thegoodshepherd for sharing this. Even with the cheap Chinese and western imports model, no is really making money. It's still all mostly foreign aid and remittance.
View attachment 253615
View attachment 253616
source: https://pubdocs.worldbank.org/en/752311492188170790/mpo-som.pdf

2. Somalia under Siyaad was able to avoid the largest famine and drought in the HoA - in 1974-76 MILLIONS of Ethiopians died while Somalis were evacuated and saved. There was also a mass effort to fight desertification that worked when even westerners said it was an impossible task

3. Somalia's economy was semi-planned and allowed for capitalism and trade. Land was never taken from people, livestock was not taken from people, it was the contrary, these things were subsides and encouraged to help increase production and led to more taxes being collected. Only things such as the country's resources were partly state-owned. According to this Somalia was 44 instead of 8, putting above Ethiopia, Nigeria and many others at the time. This system was not "socialism" or "communism" as people like to believe it. It was something close to the Chinese system of today, a mixed bag where a party rules by force but is efficient. It was align and conform or be destroyed. An iron fist rule that prioritize state's well being over others. This is one of the reasons I am not fond of his rule.

View attachment 253610

https://countrystudies.us/somalia/64.htm

4. Again here is another example of adjusting for inflation, we were way better off in port use and management. For example Siyaad gave a 10 year lease of partial use of a the port that was built in Berbera. The lease was for the American military, in which each year the paid a substantial amount of money. The port itself was sold for a measly $120 million for 30 years by Siylano and the FGS to the UAE in 2014, now for comparison, like I said we adjust for inflation, the port was making $100 million ALONE from American military use, if we add regular import/export/docking etc for businesses that would add another 40-50 million a year. After delcaring their ""independence"..why didn't Issaqs use the port in 30 years and have it contribute to their economy like Siyaad did??? They waited nearly 30 years to just sell it to the UAE for pennies. This is mind blowing
I talked about it in this thread and did the math in the post below ↓


5. POVERTY was lower than all other SSA African countries. This is what Siyaads game plan was, it was to turn Somalia into a food producing nation capable of feeding itself and becoming an export in food. It was initially working from my understanding.
View attachment 253609source: https://core.ac.uk/download/pdf/29136514.pdf

 

[Andrea]

GDP means nothing. Today's GDP 80%+ from aid. Adjust for inflation and other things and we are worse off now than we were back then. Somalia was on the same level as North African and Middle East countries in the 80s. In fact many Europeans who visited Somalia were shocked by the level development Somalia had.

View attachment 260916
View attachment 260915

We weren't total reliant on soviet aid either. All the proof is here below.

Exactly.

A lot mooryans from Mudug or the jungles of Hirshabelle, never had anything before the great loot of 1991.

To them these are the great times ( nevermind the disgrace, the humiliation, the poverty).

They love that they were able to steal from hard working Somalis , because they know under normal circumstances they would never in a million years be allowed to run anything or are able to make money by the themselves.

That's why they spend all their time rewriting history and disparaging the record of the Kacaan.

 

[Abaq]

Do you include Madoobe in this? Because it’ll be split between the states. This is why QoorQoor and laftagareen are heading to PL to convince Deni. They all want their slice.

Madoobe will be getting hundreds of million too. Get a job from him

Seriously tho I have more faith than you do. HSM is surrounded by many developers including his wife. People like Mahad Salad’s friends and family own major businesses in Xamar. Most of the ‘dhulboob’ etc is to build. Unlike Farmaajo, he’ll be investing in construction companies.

This is like Erdogan’s corruption compared to the African type corruptionz. At least erdogan and his friends who are major construction players will build infrastructure. While the likes of Farmaajo will spend their billions in Qatar.

We all know Madobe is a multimillionaire from over a decade of Kismayo port (ehem charcoal) profits. The bigger problem is this club of millionaires will make us all poorer by saddling us with new debt.

I believe the government shouldn’t be worrying about finance for companies. Let private companies sort that out themselves

 

[anon2]

Exactly.

A lot mooryans from Mudug or the jungles of Hirshabelle, never had anything before the great loot of 1991.

To them these are the great times ( nevermind the disgrace, the humiliation, the poverty).

They love that they were able to steal from hard working Somalis , because they know under normal circumstances they would never in a million years be allowed to run anything or are able to make money by the themselves.

That's why they spend all their time rewriting history and disparaging the record of the Kacaan.

Well said, although, more of them suffered after what happened then before. Only a tiny minority benefited. If someone is critical of a system then he or she at least be non-partisan and provide the facts to prove why their system is better.

Today we have no industry, terrorists, famines, clan wars, our fish and resources are looted from us and we have foreigners in our land and controlling affairs. How anyone could think this is better is mind boggling.

 

[FBIsomalia]

Baydhabo (Caasimada Online) – Waxaa la soo gaba-gabeeyey shirkii Golaha Wadatashiga Qaran ee ka socday magaalada Baydhaba, kaasi oo go’aan looga gaaray qorshaha ay Soomaaliya ku dalbaneyso deyn cusub oo balaayiin dollar ah.


Madaxda Golaha Wadatashiga Qaranka ayaa isla gartay in qorshaha deynta cusub looga qaadanayo dalalka deeqaha bixiya iyo hay’addaha caalamiga ah lagu saleeyo mashaariic isbixin kara si dib loogu gudo deyntaasi, taasi oo ay si adag uga hortimid maamulka Puntland.


“Goluhu wuxuu isla gartay in deymaha dalka uu mustaqbalka qaadanayo ay noqdaan deymo u adeegayo horumarinta dhaqaalaha dalka oo la gelinaayo mashaariic is bixin kara, loona qoondeeyo si isku dheelitiran, loona maamulo si hufan, isla markaasna aan culeys deymo saari doonin jiilalka Soomaaliyeed ee mustaqbalka,” ayaa lagu yiri war-murtiyeedka kasoo baxay shirkii Baydhabo ee DF iyo dowlad-goboleedyada.

Golaha Wadatashiga oo ku adkeystay arrin ay diiday P/L

Baydhabo (Caasimada Online) – Waxaa la soo gaba-gabeeyey shirkii Golaha Wadatashiga Qaran ee ka socday magaalada Baydhaba, kaasi oo go'aan looga gaaray qorshaha ay Soomaaliya ku dalbaneyso deyn cusub oo balaayiin dollar ah. Madaxda Golaha Wadatashiga Qaranka ayaa isla gartay in qorshaha deynta...

www.caasimada.net

Since 1991 they loot our money in name of Somalia. HAG habit will not change. Let them request in name of xamar ama south Somalia.

 

[bidenkulaha]

We all know Madobe is a multimillionaire from over a decade of Kismayo port (ehem charcoal) profits. The bigger problem is this club of millionaires will make us all poorer by saddling us with new debt.

I believe the government shouldn’t be worrying about finance for companies. Let private companies sort that out themselves

Somalia has wasted 3 decades. We gotta take some risks. You can tell HSM is in a rush, learnt from his last presidency

Most of the African development projects are paid through loans, not revenue they raise.

 

[Abaq]

Somalia has wasted 3 decades. We gotta take some risks. You can tell HSM is in a rush, learnt from his last presidency

Most of the African development projects are paid through loans, not revenue they raise.

These African countries are all in a debt trap. You don’t need the gov borrowing money to build power plants and roads. Let private companies with foreign investment do it. No need for sovereign loans

 

[Superiorabdi]

Let’s see what culusow does before we judge him. My understanding of these loans is that they come with interest which we know is haram. And nothing good comes from haram money. If it’s a interest free loan then let this nigga cook

 

[Xanibacal bin Barqa]

why are you guys being so mean to adheer Culusow .

ofcourse , the money will be used to develop new hotels in Liido and luxurious villas in Nairobi , Istanbul and Dubai .
stop doubting adheer Mudane Madaxwaye ,
you jelly qabiiliste

 

[Abaq]

Let’s see what culusow does before we judge him. My understanding of these loans is that they come with interest which we know is haram. And nothing good comes from haram money. If it’s a interest free loan then let this nigga cook

This is Somalia sxb and Culusow who we’re talking about. This money will simply disappear and not a single road will be built