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Re: Why Do Countries Actually Go Broke? by haibe(m): 5:52am On Jul 29, 2014 |
Khalessi: When a country spend more than they earn i.e(low export and production) they are likely to go bankrupt.This is a different case, guess you didn't get his question right. His question is based on the fact that a country can print it's money, so why should it go broke? 2 Likes |
Re: Why Do Countries Actually Go Broke? by BedLam: 6:01am On Jul 29, 2014 |
Missy89: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. 1 Like |
Re: Why Do Countries Actually Go Broke? by wilsonayo: 6:01am On Jul 29, 2014 |
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Re: Why Do Countries Actually Go Broke? by BedLam: 6:04am On Jul 29, 2014 |
@OP, Abraham Lincoln once said, A DOLLAR EARN IS WORTH MORE THAN A DOLLAR GIVEN |
Re: Why Do Countries Actually Go Broke? by Missy89(f): 6:09am On Jul 29, 2014 |
iamord: 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 2 Likes |
Re: Why Do Countries Actually Go Broke? by seagulsntrawler: 6:09am On Jul 29, 2014 |
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. 1 Like |
Re: Why Do Countries Actually Go Broke? by iamord(m): 6:10am On Jul 29, 2014 |
wilsonayo: WELCOME TO THE GREAT TEMPLE OF ILLUMINATI WORLDRICHS. Are you a business. If u looking For the real freemason ..I can Take you to the temple at yaba or Marina instead Of What u. Spewing here.. Masons don't Advertise for Recruits. Scammer! |
Re: Why Do Countries Actually Go Broke? by BedLam: 6:13am On Jul 29, 2014 |
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.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! |
Re: Why Do Countries Actually Go Broke? by Missy89(f): 6:16am On Jul 29, 2014 |
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. 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 |
Re: Why Do Countries Actually Go Broke? by SkinnyDude(m): 6:21am On Jul 29, 2014 |
haibe:chairman, can you please list out the properties of Art and Science for me. it's very urgent. The question was asked on Management. |
Re: Why Do Countries Actually Go Broke? by Larryupsy: 6:26am On Jul 29, 2014 |
If I did really get it right,With my little knowledge of Macro and Micro economics I think how much money a country prints should be a function of the value of her GDP which is the value of total final goods produced in the economy,usually accounted for in a year,the GDP primarily determines ow much money the economy can take because it's one of those factors that dictates demands for money,while it's the duty of regulatory body usually the CBN to determine the flow,direction and volume of money that will be in circulation ,CBN reserves the right to withdraw money from the economy if there is inflation and or price unstability through monetary and fiscal tools,the monetary tools can include increasing bank reserve and incapacitate bank to learn populace much money,increasing Bank rate and consequentially discourage people from borrowing money or at the other way increase interest on savings so as to encourage money holders to instead save their money with banks and as a result mob some money from circulation.And at the side of fiscal tools Government can decide to take away money from the economy by increasing tax and subsequently reduce her own spending,all these are done to make sure money retains its value and become relatively scarce,because if there is no scarcity and wants then we won't really have any business with what we term Economics. And to the question of continual production for the few that can afford it,Don't think there is ever a regulation against that,but the truth of the matter is if you keep on producing for the rich few instead of targeting the economic populace,there is gonna be a time they won't be able to take your goods again,at it will still result to SUPPLY outstripping DEMAND.A good firm will always produce at level where the markets clears the goods. i.e when demand=supply |
Re: Why Do Countries Actually Go Broke? by BedLam: 6:28am On Jul 29, 2014 |
Missy89:...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. |
Re: Why Do Countries Actually Go Broke? by iamord(m): 6:29am On Jul 29, 2014 |
Missy89: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 |
Re: Why Do Countries Actually Go Broke? by BedLam: 6:30am On Jul 29, 2014 |
BTW, we are not mixing per se, as they are both well linked. |
Re: Why Do Countries Actually Go Broke? by BedLam: 6:33am On Jul 29, 2014 |
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 thoGat ya back! |
Re: Why Do Countries Actually Go Broke? by iamord(m): 6:38am On Jul 29, 2014 |
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. 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 |
Re: Why Do Countries Actually Go Broke? by BedLam: 6:44am On Jul 29, 2014 |
iamord:John Perpont Morgan, Goldman Sachs, Boeing, Lockheed.......U forgot these names bro. |
Re: Why Do Countries Actually Go Broke? by iamord(m): 6:45am On Jul 29, 2014 |
BedLam: Gat ya back!lol thank u.. But I hope u won't deny me run when I am in major gbese!!! |
Re: Why Do Countries Actually Go Broke? by seagulsntrawler: 6:47am On Jul 29, 2014 |
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!I agree with you dt d federal reserve are above d law. However, wether its truly a federal institution remain to be seen from all available evidence. Jfk and lincon were killed for trying to put d fed in check. Pres. Jackson had a running battle with them and managed to put them in check but temporarily. Its like saying fedex(postal agency) is a govt institution which it truly is not. The fed prints d money for US govt spendings, lent out at a loan rate, which is guaranteed by yearly tax recipts from the citizens. Same thing happens in d Uk and other countries of the world. You can't wake up one morning and start printing your currency even if you back it up with precious metals like gold cos you will be having powerful forces to contend with. |
Re: Why Do Countries Actually Go Broke? by Missy89(f): 6:48am On Jul 29, 2014 |
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? 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 1 Like |
Re: Why Do Countries Actually Go Broke? by BedLam: 6:49am On Jul 29, 2014 |
iamord: lol thank u.. But I hope u won't deny me run when I am in major gbese!!!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. |
Re: Why Do Countries Actually Go Broke? by Missy89(f): 6:52am On Jul 29, 2014 |
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 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. |
Re: Why Do Countries Actually Go Broke? by BedLam: 6:56am On Jul 29, 2014 |
Missy89: 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. |
Re: Why Do Countries Actually Go Broke? by red101(f): 6:59am On Jul 29, 2014 |
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. |
Re: Why Do Countries Actually Go Broke? by iamord(m): 7:03am On Jul 29, 2014 |
BedLam: John Perpont Morgan, Goldman Sachs, Boeing, Lockheed.......U forgot these names bro. No vex.. Lol.. The likes of Goldman sachs can't be left out of the list! Infact this people are the original corrupt people..we here are just being foolish!! And the funny thing is that they are all of jewish origins! In 1998, Ashanti Gold of ghana was the 3rd largest Gold Mining company in the world. The “first "black" company on the London Stock Exchange, Ashanti had just purchased the Geita mine in Tanzania, positioning Ashanti to become even larger.. The elite could not fold their arm watch this happen. England stepped in and sold some of Their gold reserves.. Putting more gold in the market and then dropping the price of gold. To a record low.. So ashanti gold Was loosing Out. But the only people they could seek for advise is the rothcsilds goldman sachs.. In the long run they deceived them. And got them bankrupt.. In the end, Ashanti was purchased by their largest African competitor, AngloGold, a British company headquartered in South Africa, who bought them for a at a. Cheap rate. The Financial Advisors to AngloGold? You guessed it: Goldman Sachs. Fear this people.. They are devils!! Blacks should wake up oooo |
Re: Why Do Countries Actually Go Broke? by Missy89(f): 7:05am On Jul 29, 2014 |
BedLam: debt servicing is propaganda? really that's you defense? Its like you don't know how bonds ans securities work. u have specific dates to pay and within that u might have specific amounts to pay periodically. it is not as if the US borrow cash from china, China only bought US debts just like any other entity so its not only china that the country is owing China only have more of it than any other entity. so are u saying anyone buying us bonds are not getting paid also? |
Re: Why Do Countries Actually Go Broke? by BedLam: 7:06am On Jul 29, 2014 |
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. etcLol.....I want to see how they calculate the equivalent of 100,000 naira with a calculator. |
Re: Why Do Countries Actually Go Broke? by iamord(m): 7:09am On Jul 29, 2014 |
BedLam: I won't! I want to form a cabal with you, we wage against every hold plaguing mama Africa.lol..thank u..well we. Need more. Like Minds |
Re: Why Do Countries Actually Go Broke? by iamord(m): 7:11am On Jul 29, 2014 |
Missy89:u are very right.. But actually like I said its a deadly mission.. I want to fully understand how they operate from within.. Then restructure a plan to topple it for my countries benefit.. It won't be easy.. We need people that can tap information..am sure if we had we will be suprised about some links of bokor haram sect etc |
Re: Why Do Countries Actually Go Broke? by iamord(m): 7:12am On Jul 29, 2014 |
BedLam: Lol.....I want to see how they calculate the equivalent of 100,000 naira with a calculator.u want to be buying calculator everyday shey!!? Cos any time u input such.. Ur calc go blow up |
Re: Why Do Countries Actually Go Broke? by seagulsntrawler: 7:14am On Jul 29, 2014 |
Missy89:Don't be surprised if the elites are in control of china and russia. Controlled opposition to the system is an old game. You only need not step out of bound like gaddafi. A most well kept secret in d middle east is the jewish ancestry of the saudi mornach. They are donmey jews from turkey and very like ashkenazi jews by extension. So they are not likely to bring `down' the US, unless it serves the plan of the elites. Ordo ab chao(order out of chaos) is their maxim. Either way,they stand to win. |
Re: Why Do Countries Actually Go Broke? by red101(f): 7:18am On Jul 29, 2014 |
BedLam: Lol.....I want to see how they calculate the equivalent of 100,000 naira with a calculator.haha they probably need a computer for that. |
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