When it comes to lifting Liberians out of poverty, our government programs and policies have had disastrous consequences on the poor— but yet Governor Jones calls those who are opposed to our Central Bank’s highly risky loan program (micro-finance loans) … “enemies of progress”! (“Enemies of Progress”, Liberian Daily Observer Online)
Ok, let’s see who are the real enemies of progress, shall we?
#1) Since June 2009, the Central Bank of Liberia (CBL) started a micro finance program to promote access to capital, reduce poverty and finance Governor Jones’ 2017 presidential campaign! (Jones’ campaign slogan is: “You want to eat government money? Vote for J. Milk Jones”!)
Under the the micro-finance program, market women, yanna boys, and Mills Jones’ lapdogs are given these highly risky loans (unsecured loans) to start or grow their small business.
But we all know that these people (market women, yanna boys, Jones’ lapdogs) have no intention of paying back these highly risky loans. Why? Because they believe that Governor Jones is “buying” their votes for the 2017 presidential elections, so why should they pay it back?
Besides that, the program (micro-finance) is shrouded in secrecy, so no one knows the truth (the default rate and administrative costs) about it except for Governor Jones and his sycophant staff!
But anyone with common sense know that when the truth comes out, the CBL’s micro-finance program would prove to be another government disaster (waste, fraud and abuse)! That’s why the CBL has steadfastly refused to let the PPCC audit its Micro Finance Program! (Re “PPCC Complains of Central Bank Non-Compliant Posture”, Frontpageaficaonline)
#2) In July 2012, the economically illiterates at Central Bank of Liberia (CBL) imposed a hefty registration fees (US$1,500) on Money Exchangers to solve the “high exchange rate problem”.
But did the hefty registration fees solve our “high exchange rate problem”, Mr. CBL Governor?? Oh wait, the Governor says it’s the Ministry of Finance’s fault that our exchange rate is soaring!
But unintended negative consequences of CBL registration fees (US$1,500) prove disastrous for the little people (youths) like Melvin Eskill and Bia Williams (small foreign exchange business owners) who can least afford it. (Re” CBL Wants Us Out of Business: Money Exchangers Decry Registration Fees” Frontpageafricaonline)
Is that the way to help young people get out of poverty? Please..
License laws, such as hefty registration fees, that prevent young entrepreneurs from hair braiding, operating taxis, selling old clothes, selling pig foot and operating a foreign exchange bureau stifles competition and keep them in poverty for a longer period of time!
With our nation’s high unemployment, particularly among the youth–it’s morally offensive and downright evil for our Central Bank to deprive young people of their right to an honest living! But you know what? Most of the CBL people don’t know a damn about honest living!
#3) In November 2013, the Liberian National Police, in its infinite wisdom, began enforcing a ban on privately-owned motorbike taxis (phen-phen), the main mode of transportation in Monrovia, to make the streets of Monrovia safer!
But guess what happened?
Because of the ban, thousands and thousands of poor Liberians were forced to walk to and from work and school. Another 12,000+ young entrepreneurs lost their ONLY source of income!
But here’s the kicker: Youth unemployment is a major threat to the peace and stability of our country, but the gasbags in our government insist on enforcing the ban on these privately-owned motorbike taxis because it would make our streets safer! They say it’s all about safety! (Re “Safety over Speed: We need Good Systems Not Sanctions”, Frontpageafricaonline)
But we all know that “safety” is not a free lunch. You have to pay for it in one way or another!
The price of our “safety” is that more than 12,000+ young men have now lost their jobs or have had their working hours cut!
And how do you expect these jobless young people to get out of poverty when they are being hampered and prevented from doing so by their own government’s stupidity? Begging? Stealing? Prostitution?… Shouldn’t you help those who help themselves?
Look. You have to hand it to these gasbags in government: They will do any dumb thing to threaten the peace and stability of 3.5 million Liberians for the “safety” of a few!
But judging from the RESULTS of the above mentioned government policies and programs, who do you think are the real “enemies of progress”?? The logical answer is: the book people who are ruining our country!
If anyone deserves an award for being the biggest “enemy of progress”, it’s Dr. J. Milk Jones, hands down!