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{
    "id": 315138,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/315138/?format=api",
    "text_counter": 294,
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    "content": "Mr. Temporary Deputy Speaker, Sir, I, therefore, want to plead with the fellow Kenyans that really, as had already been said, they will only grow their savings by hard work by a certain irreducible minimum of discipline. So, this tendency of rushing headlong thoughtlessly, I dare add, when they hear of some rosy sounding scheme that will suddenly transport them into the league of millionaires and they run to sink all their pension savings or even borrow money, this must also really be rebuked. Again, remember the people who lost money in this scheme, did not lose money with a gun held on their heads. They consciously and deliberately chose to put money in these schemes. The so-called Ponzi scheme in the United States (US) has proven that no society, however, sophisticated and whatever amount of laws--- We can legislate all the laws in this Chamber, but until we also live within the confines of certain economic disciplines, then we will continue falling prey to these kinds of schemes. Mr. Temporary Deputy Speaker, Sir, this is a timely law. I hope that as soon as this Bill is enacted into law, His Excellency the President will move with speed to assent to it, so that it can be rolled out and protect Kenyans from any further pain. Mr. Temporary Deputy Speaker, Sir, with those remarks, I beg to support."
}