Khalessi: When a country spend more than they earn i.e(low export and production) they are likely to go bankrupt.

Missy89:

This is very wrong! US Europe and Japan doesn't print money and get away with it. no one print more money to pay for debts .
has nothing to do with militarily.

The reason why US prints money daily is because the dollar is used in the Oil trade and since it is done daily, there are high demands for the dollar which makes the value stable regardless of the amount in circulation.
It is a risky system of course and it can backfire if the dollar is no longer used for trading but that is highly unlikely because the US is very stable and it actually got this privilege after the end of the war.

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iamord:

You are very right.. But while people blame it on inflation, I blame it ineffective, not united and visionless. leadership that africa is being plagued with. This is A game that is not fair to the developing countries. Usa has succeeded to put their mark in history and is controlling.. The dollar is one of the things Protecting usa Today and will fight and destroy . Just to keep that top spot. Africa on the other hand has vast resources to back up the currencies. But the oil cocoa and gold prices are controlled by this elite to ensure they still in control. So we don't really receive fair prices on our products. But even at that.. The likes of nigeria has still made enough from oil thatit can turn the whole nigeria into a switzerland..and ghana from its gold and cocoa. To mention a few, where has all that money gone? We have not succeeded in creating better institutions. To help in the developments so we still stuck.. Gadaffi came up with the gold dinar. That would have been a game changer for africa and add more value to our product. But the african disunity had already killed his dream.. Juust cos some of them follow the western elites religious then nato. Just came in to hit the last nail on the coffin to ensure that such will never rise again. I remember one of the french presidents say.. That french affluent life and existence is possible because of africa ..what is in our countries that will survive them and not us. To break this jinks .we need people with vision, united on one dream..and have mapped out how to break The monopoly and irregularities in Economics of this world

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seagulsntrawler: You guys need to see the documentary `money changers' to understand why nations go broke. Nearly all d central banks in d world are privately owned including the US Federal reserve(funded by 12 corporations) and the bank of england. The battle against money bags even predates the flogging Jesus gave them at d temple. The Us govt does not have a right to print her currency owing to a legislation passed in 1913. Why is Nigerian govt looking to borrow to finance spendings,when it has a reserve it can draw on? Banking and the whole world by extension as we know it today is controlled by occultic elites who act with impunity and do not have regard for national laws.

BedLam: He is not wrong! The FED, US prints money the way it likes! If you take a real look, the Dollar has no real value. Because US don't work for it. For instance, if Nigeria wants to buy from the US, we have to work for it but if the US wants to buy from Nigeria, all they do is print more money to buy, more reason the US has always toppled government that have tried to trade with alternative currency, EG, Gaddafi. It is one of the many reasons the BRICS are coming up too! Mind you, the FED hasn't been audited for the past 50 years.

haibe:

I think there is a limit to the money printed in a particular period by the "minting and printing". This is most likely to avoid inflation where money becomes common like stone and thus loses its quality of scarcity, once it loses its quality of scarcity, it becomes worthless and the whole economy would be brought down because the exchange rate would be drastically affected and everyone in the country would need to give more of their money for few or little goods and services which they did not expect when they earned the money, infact the rich becomes poor and the poor becomes wretched..
To cut it short, when you print money anyhow, you risk a hyper inflation which would bring the economy down. So you might infact end up not having enough money to meet the cost of printing money again, lol that's what Inflation can do.

You can read on Zimbabwe's hyper inflation story and why they became among the top 10 poorest country even though they have natural resources.



There is cost of production too, it's not as easy as you think , producing goods. Also don't forget the producers are customers of other products too, so they also now have more money to spend, therefore the relationship between the producers and customers in spending is the same as before, they both have more money, so what's the point of producing more? This happens when only a single or few product which they sell increases in price (which is not termed Inflation as it isn't general price level increase) since they can gain.
But note that it's not the amount of money to spend that matters but the value of money at that point, therefore since the currency has lost Its value, the Idea that consumers now have more money to spend is only an illusion as they may not even be able to meet their previous demand.

Missy89:

NO he is wrong.

The fed is owned by private banks and doesn't have to answer to the US government technically.
The fed prints money because of the volume needed on the market daily in other to trade oil and other commodities. so even if they print millions of it, it wont be worthless because it is in high demand. it has nothing to do with the military like he claims, weather the US topple government to keep the status quo is another topic.

There is a difference in printing money to pay debts and printing money for trade. he said as long as you have a huge military u can print money and force other to take it and that isn't true at all. if that is true why is Russia and China not printing its rubble and yuan?

seems u guys are mixing up 2 different things

Missy89:

The world isnt fair and capitalism is cruel.
Most of what the Nigerian government gets from the oil are royalties from the oil companies because they are the one that do most of the drilling. modern nations like Russia and the some middle eastern countries make more money on their oil because they have a developed state or private run oil firms (Gazprom, Aramco) that control the flow of their oil instead of getting paid specific prices for it.

Nigerian elites make money in the oil industry either by selling their illegal oil blocks to foreign companies in return for constant royalties or bunkering the oil with the help of the navy and militants and selling it off on international waters where European oil smugglers are waiting to pay them in cash.

Africa cant enjoy its resources because of the kind of system in place which is almost impossible to change because of vested interests.
Multinationals are eager to get it cheap, government ready to get money without too much investment, oil barons enjoys free hand as long as money reaches the right people within government, US happy whichever was as long as it is done in dollars

iamord: wise words from a lady. You seemed to be brushed up in this topic. Well picture all what you have written and equate it with the. Slavery era and you will see its the same thing. Only that now there are no more chains..ghanas best president till today and the likes of Patrick lumbuma understood this capitalist tentacles holding africa .and knew that the only way to eradicate this. Is to invest in its. People and liberate the people Mentally. The CIA and elites knew that that will spell doom..so they cut Them short .africa does not just need powerful leaders but powerful System..but so far we have been able to create a successful corrupt system. Am sure in the rothschild groves they laugh when they talk about Africa because we have sold our selves out.so they rather concentrate on countries like Russia and china etc. The capitalist institution should let you know that our financial institutions the likes of the central bank is run by the private banker- the capitalist- the rrothshild- the illuminati.. They have really infiltrated and because we as blacks don't have respect and dignity and respect we have given in for money.. The leaders think that that billions they taking is big.. But what is taking out is in trillions so they r fools.. That's why I want to go to the likes of yale university for futher study..I want to move with elites, understand the monopoly from within.. Its a deadly mission tho

seagulsntrawler: You guys need to see the documentary `money changers' to understand why nations go broke. Nearly all d central banks in d world are privately owned including the US Federal reserve(funded by 12 corporations) and the bank of england. The battle against money bags even predates the flogging Jesus gave them at d temple. The Us govt does not have a right to print her currency owing to a legislation passed in 1913. Why is Nigerian govt looking to borrow to finance spendings,when it has a reserve it can draw on? Banking and the whole world by extension as we know it today is controlled by occultic elites who act with impunity and do not have regard for national laws.

iamord:

IMF+UN+WTO+bilderrberrg group+Private banking=Roctshild family- illuminati- the reptilians! Trace theirr history.. They are not huimans..and their blood lines run into the queen of england to 99 percent of top people in our world government.. If Africa can't join as one and break that monopoly there will be nothing for us.. But one thing is for sure..war is inevitable. China and russia ,and the arrab world r already seeking to break that jinks.. the illuminati are the main cause of world war two and not hitler. they used hitler as a bait.. Germany was advancing and their institution were not owened by private bankers ..so the elites were scared... Yhey had to put him down.. Its the same is libya..I know he was evil tho.. He too is from a blood line of nephilims.. Blacks need to go deep in history. and see it repeat itself over and over again. We are not a serious people in the battle front.. Its very sad

BedLam: Gat ya back!

BedLam: If you have read the "creature of Jekyll Island", you would know that the US does prints her own money. Bro, the Federal Reserve is above the law!

BedLam: ...Trade oil and commodities? hell no! Ask yourself why is it that any attempt to trade oil with another currency has always resulted to war and overthrowing Governments? Why doesn't the US give a hoot about the 1trillion it owes China? Like you said.....is the FED suppose to be a private entity? Why is the FED in control of almost all the central banks in the world?

http://rt.com/op-edge/fed-us-dollar-manipulate-049/
You can read up the link at your free time.

iamord: lol thank u.. But I hope u won't deny me run when I am in major gbese!!!

iamord: wise words from a lady. You seemed to be brushed up in this topic. Well picture all what you have written and equate it with the. Slavery era and you will see its the same thing. Only that now there are no more chains..ghanas best president till today and the likes of Patrick lumbuma understood this capitalist tentacles holding africa .and knew that the only way to eradicate this. Is to invest in its. People and liberate the people Mentally. The CIA and elites knew that that will spell doom..so they cut Them short .africa does not just need powerful leaders but powerful System..but so far we have been able to create a successful corrupt system. Am sure in the rothschild groves they laugh when they talk about Africa because we have sold our selves out.so they rather concentrate on countries like Russia and china etc. The capitalist institution should let you know that our financial institutions the likes of the central bank is run by the private banker- the capitalist- the rrothshild- the illuminati.. They have really infiltrated and because we as blacks don't have respect and dignity and respect we have given in for money.. The leaders think that that billions they taking is big.. But what is taking out is in trillions so they r fools.. That's why I want to go to the likes of yale university for futher study..I want to move with elites, understand the monopoly from within.. Its a deadly mission tho

Missy89:

RT? LOL

RT is the propaganda wing of Russia just like CNN and FOX etc in the US. They all lie

it seems you are not getting the question.. the question is why cant countries print their money to pay debts. and someone said it depends on the military power of the country and i said that was false.

The dollar has the advantage because of the war and the petrodollar system that doesn't mean every country can start printing money because they are strong militarily (that was what i said he was wrong about). US didn't invade to force everyone to take the dollar, instead it negotiated with the Saudis to use the system. trying to keep the status quo in place militarily or not has nothing to do with answering the question of why countries cant print money.

US gives a hoot about the money it owes China because if china start dumping the debt,everyone will start doing the same which will reduce the credibility of the debt. the dollar is a fiat currency that means it works on trusting the government of the US, if they don't care about the debts why do they service it every year then? dunno where u are getting your stories from

BedLam: John Perpont Morgan, Goldman Sachs, Boeing, Lockheed.......U forgot these names bro.

BedLam:

He mentioned US of which you quoted him wrong and I said yes, because the FED does it.

Forget the debt servicing, it's a propaganda! They just what to make it look serious, wake me up when they start paying back that debt! A country that gives a hoot won't go ahead to spend billions of dollars in war when it's debt is high to space.

Well, RT is more constructive than the mainstream.

red101: countries go broke because of low production. money is just paper. you can't eat it, you can't use it to clothe yourself. etc
ex. Mugabe kicked out the white farmers in Zimbabwe hence agricultural and livestock output went down and food became scarce. Mugabe thought he could solve the problem by printing more money.
Think about ancient barter system. How do those societies go broke. probably because of famine or drought or wars etc resource depletion. Money is just paper meant to represent production of valuable resources. Banks and economists have to regulate it so that the currency is a proper reflection of production rates. otherwise, there will be inflation or in the opposite case, deflation.

BedLam: I won't! I want to form a cabal with you, we wage against every hold plaguing mama Africa.

@Topic, Back in 2009, the Bankgangers at Wall Street suggested Argentina should file for bankruptcy and have her "assets" liquidated.

Missy89:

Thou i think most conspiracy theories are over the top and tend to stay away from them, i think
studying in an Ivy league university doesn't emancipate you from corporate fascism instead it indoctrinates you to be a staunch capitalist.

BedLam: Lol.....I want to see how they calculate the equivalent of 100,000 naira with a calculator.

Missy89:

RT? LOL

RT is the propaganda wing of Russia just like CNN and FOX etc in the US. They all lie

it seems you are not getting the question.. the question is why cant countries print their money to pay debts. and someone said it depends on the military power of the country and i said that was false.

The dollar has the advantage because of the war and the petrodollar system that doesn't mean every country can start printing money because they are strong militarily (that was what i said he was wrong about). US didn't invade to force everyone to take the dollar, instead it negotiated with the Saudis to use the system. trying to keep the status quo in place militarily or not has nothing to do with answering the question of why countries cant print money.

US gives a hoot about the money it owes China because if china start dumping the debt,everyone will start doing the same which will reduce the credibility of the debt. the dollar is a fiat currency that means it works on trusting the government of the US, if they don't care about the debts why do they service it every year then? dunno where u are getting your stories from

BedLam: Lol.....I want to see how they calculate the equivalent of 100,000 naira with a calculator.