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Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / 'Shots Fired' Near US Capitol Hill (15183 Views)
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Re: 'Shots Fired' Near US Capitol Hill by trolling(m): 10:53pm On Oct 03, 2013 |
CFCfan:how would you convert it,if it has lost its value or been devalued |
Re: 'Shots Fired' Near US Capitol Hill by Ugosample(m): 10:54pm On Oct 03, 2013 |
CFCfan:At what rate? The ripple effect of the trashing of the dollar will be disastrous to our externak reserves. It will mean we have to spend more of our dollars to buy a fixed amount of Euro i.e. If the depreciation of the dollar is sharp. The only way to avert this is for the CBN to start converting NOW if such is to happen in future if not? Wahala go dey o! You suggested Yuan for foreign reserves? China is a currency manipulator and any country that has its reserves (say 80% and above) that country does so at its own risk. These things are more complex than the layman thinks. |
Re: 'Shots Fired' Near US Capitol Hill by Nobody: 10:54pm On Oct 03, 2013 |
manny4life: GOLD is the true money |
Re: 'Shots Fired' Near US Capitol Hill by solomon111(m): 10:56pm On Oct 03, 2013 |
trolling: dethrone the petrodollar..dethrone America....i for send you one link as how things go unfold but i no no if u get liverAny country that tries this will face the full wrath of the american military and NATO. Bro ghadaffi is an example. The petrodollar is the only reason why america is still the world largest economy. |
Re: 'Shots Fired' Near US Capitol Hill by Nobody: 10:57pm On Oct 03, 2013 |
manny4life: I know na, that's why I forgive her... It's been a very frustrating week. Did you see Michele Bachmann fighting to keep the veterans memorial open? As if she and her cronies aren't the ones who closed it in the first place. I couldn't believe my eyes. |
Re: 'Shots Fired' Near US Capitol Hill by Nobody: 10:58pm On Oct 03, 2013 |
ogugua88:Don't you know that as a Teapublican, she has to be seen to be "pro-military". |
Re: 'Shots Fired' Near US Capitol Hill by sss341: 10:58pm On Oct 03, 2013 |
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Re: 'Shots Fired' Near US Capitol Hill by solomon111(m): 11:01pm On Oct 03, 2013 |
CFCfan:yeah. That was ghadaffi's idea. Convert african reserves to gold and make international transaction in gold,which would have given african countries a massive advantage and accelerate our devt. Well,uncle sam was alarmed,and took ghadaffi out. 1 Like |
Re: 'Shots Fired' Near US Capitol Hill by manny4life(m): 11:01pm On Oct 03, 2013 |
ogugua88: Very frustrating, many people will come back only to get furloughed. That's what you see na, God help me, this country is on the path of ruins, and God help us all. |
Re: 'Shots Fired' Near US Capitol Hill by manny4life(m): 11:02pm On Oct 03, 2013 |
CFCfan: I've not laughed in days, this got me cracking up... Teapublican |
Re: 'Shots Fired' Near US Capitol Hill by Nobody: 11:03pm On Oct 03, 2013 |
CFCfan: Don't you know that as a Teapublican, she has to be seen to be "pro-military". Of course, which makes her dumb for two reasons (at the very least). 1. Pretending like her stance has nothing to do with the government or memorial shutdown AND 2. Fighting for old people to visit memorials when there are children in federal-funded school problems not whose lunches are not being delivered, and for some of those kids, what they eat at school is their only guaranteed meal. Politics is nasty. |
Re: 'Shots Fired' Near US Capitol Hill by manny4life(m): 11:04pm On Oct 03, 2013 |
solomon111: yeah. This is what I've been advising, holding reserves in GOLD STANDARD. Let there be a world gold trading platform for exchange, the only problem with Gold is that it has its limitations such as logistics and storage, but hey, anything but the failing $$$ will work. |
Re: 'Shots Fired' Near US Capitol Hill by trolling(m): 11:05pm On Oct 03, 2013 |
solomon111: yeah.thats why a lot of people and nations are buying gold |
Re: 'Shots Fired' Near US Capitol Hill by manny4life(m): 11:07pm On Oct 03, 2013 |
ogugua88: Don't you know that most republicans are "dumb by nature"? Look at Bush, he clearly had no idea what he was doing? Look at Boehner, he looks confused and retarded, all he know how to say is NO. Republicans are literally dumb and don't mind grinding the economy to a halt to satisfy their selfish and wicked desires. |
Re: 'Shots Fired' Near US Capitol Hill by Ugosample(m): 11:07pm On Oct 03, 2013 |
manny4life:Thank you! Modern day banking and currency is traced to the british goldsmiths. Owners of gold deposited gold and they got reciepts/paper. After a while, the owners of the gold could exchange their reciepts for other commodities. The next recipient of that paper/reciept knows that it is backed by a certain value/quantity of gold. That is note/"money" backed with value. But today what are our currencies backed with? And this is the way things are to be done, and that is the only safe way. This is the reason why inflation was alien to Britain until the turn of the 20th century/late 19th century. P.S. I know it's a bit off topic... My apologies. |
Re: 'Shots Fired' Near US Capitol Hill by Nobody: 11:08pm On Oct 03, 2013 |
Re: 'Shots Fired' Near US Capitol Hill by manny4life(m): 11:08pm On Oct 03, 2013 |
trolling: thats why a lot of people and nations are buying gold That's right and another commodity with a good potential with high margin is Silver, at least, it's lighter than Gold. |
Re: 'Shots Fired' Near US Capitol Hill by Nobody: 11:09pm On Oct 03, 2013 |
manny4life:I learned that term from huffpost |
Re: 'Shots Fired' Near US Capitol Hill by trolling(m): 11:10pm On Oct 03, 2013 |
solomon111: yeah.Saddam tried to trade in Euro,u know what happened,Ghaddaffi tried to,you know what happened but when China calls for it, America wont able to do jack,its inevitable, consider BRICS |
Re: 'Shots Fired' Near US Capitol Hill by Nobody: 11:12pm On Oct 03, 2013 |
ogugua88: Most members of Congress are merely 'created' creatures by lobbyists. Only a few of them have independent minds. |
Re: 'Shots Fired' Near US Capitol Hill by manny4life(m): 11:12pm On Oct 03, 2013 |
Ugosample: Thank you! Modern day banking and currency is traced to the british goldsmiths. Owners of gold deposited gold and they got reciepts/paper. After a while, the owners of the gold could exchange their reciepts for other commodities. The next recipient of that paper/reciept knows that it is backed by a certain value/quantity of gold. That is note/"money" backed with value. But today what are our currencies backed with? And this is the way things are to be done, and that is the only safe way. This is the reason why inflation was alien to Britain until the turn of the 20th century/late 19th century. P.S. I know it's a bit off topic... My apologies. There's nothing wrong in it, I have studied the issues plaguing the U.S. and soon realized that U.S. is on the verge of collapse and when it does, several other nations are going down with it unless they begin to reverse the trend. Most nations need to start implementing harsh policies towards the $$$, at least Nigerian CBN that released a new policy requesting NO $$$ PAYOUT on transfers. I thing that's a very good move, and I will also encourage CBN to start encouraging banks with commodity banking. Several nations are protecting themselves from the imminent downfall of the U.S. |
Re: 'Shots Fired' Near US Capitol Hill by solomon111(m): 11:13pm On Oct 03, 2013 |
manny4life:I don't why Nigeria is still storing reserves in dollars. I mean,it's very obvious that the american economy is failing. And it's even more unfortunate,when you take note of the fact that Nigeria is rich in gold. |
Re: 'Shots Fired' Near US Capitol Hill by manny4life(m): 11:15pm On Oct 03, 2013 |
trolling: Saddam tried to trade in Euro,u know what happened,Ghaddaffi tried to,you know what happened but when China calls for it, America wont able to do jack,its inevitable, consider BRICS Bros, as big as China is, they are very cautious about their trade relationship with the U.S. because at the end of the day, 55% of Chinese exports is to the U.S. so go figure. As for the BRICS nations, they've not been able to decide on whose curency to hold, unless they come up with a different currency which I think is what Russia proposed back in 2012 when they attended the WBG summit in DC. |
Re: 'Shots Fired' Near US Capitol Hill by Nobody: 11:17pm On Oct 03, 2013 |
I may ask CNN's Brooke Baldwin what her views on the US economy are. |
Re: 'Shots Fired' Near US Capitol Hill by manny4life(m): 11:18pm On Oct 03, 2013 |
solomon111: I don't why Nigeria is still storing reserves in dollars. Unfortunately, the world traders are still accepting $$$ as a form of payment, you can't blame an export trader who accepts $$$ as a form of payment, granted that the CBN has the responsibility of diversifying our reserve currency, but it's not that easy as you think. |
Re: 'Shots Fired' Near US Capitol Hill by trolling(m): 11:19pm On Oct 03, 2013 |
manny4life:its inevitable bro,its gonna happen....read Jeremiah 50:37 1 Like |
Re: 'Shots Fired' Near US Capitol Hill by manny4life(m): 11:24pm On Oct 03, 2013 |
trolling: its inevitable bro,its gonna happen....read Jeremiah 50:37 I never said it wasn't, what I said was they are very cautious because U.S. remains their largest export market. In a market, the sellers suffer more than the buyers, which in this case, Corps will shift focus based on U.S. Strategy to avoid China. Now that's will happen if China doesn't tread carefully, reasons why China is seeking other partners as well as other markets. |
Re: 'Shots Fired' Near US Capitol Hill by armyofone(m): 11:25pm On Oct 03, 2013 |
such a beautiful woman. RIP |
Re: 'Shots Fired' Near US Capitol Hill by solomon111(m): 11:26pm On Oct 03, 2013 |
trolling: its inevitable bro,its gonna happen....read Jeremiah 50:37A bible verse? Lol. |
Re: 'Shots Fired' Near US Capitol Hill by trolling(m): 11:30pm On Oct 03, 2013 |
solomon111: A bible verse?its funny right? its prophecy deal with it...everything that would happen in this world has been predetermined,get ready for a third world America |
Re: 'Shots Fired' Near US Capitol Hill by Nobody: 11:34pm On Oct 03, 2013 |
I jpoin oga Obahiagbon in saying "cabodo rejectamenta" to recession https://www.youtube.com/watch?v=ozxY6V-vx-0 1 Like |
Re: 'Shots Fired' Near US Capitol Hill by Ikpewe: 11:35pm On Oct 03, 2013 |
ogugua88:animal farm tinks. |
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