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Nairaland Forum / Nairaland / General / Politics / Buhari Heads To Washington To Conclude Details Of An IMF Loan Package (3884 Views)
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Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 11:33am On Jul 18, 2015 |
Why was the US against Jonathan? Jonathan in the wake of the crashing dollar decided to diversify Nigeria's foreign reserves which was based on dollars to other currencies especially the Chinese RMB. Jonathan was also pushing the BRIC agenda in Africa. So why will this bother the great United States? Because the United States needs other poor countries to accept their worthless paper currencies in other to shore it. With more countries dumping the dollar you can expect the dollar to revert to it's original value - paper! It is through this heavily artificial wealth that the US has maintained its global hegemony in global economic affairs. The two most vocal leaders in our time who voiced opposition to the dollar being the global currency are since long dead - Gaddafi of Libya and Chavez of Venezuela who was poisoned with a Cancer Virus. The US crashed oil prices with the help of Saudi Arabia which up till now is still pumping more oil than is needed in the international market. If you think this is mere conspiracy theory then read this http://foreignpolicy.com/2015/06/03/saudi-arabia-takes-out-its-energy-weapon-opec-russia-putin-iran-oil/. It details how the Saudis on the behest of the US was able to usher in a regime change in Iran by flooding the energy market with cheap oil. It doesnt stop there, the US also blocked all imports of Nigeria crude to further cripple the Nigerian govt of much needed cash. The US detailed the rise of Shale oil but that wasn't the case as Shale oil production became financially nonviable in the wake of cheap Saudi crude. You must also note that US energy demand has been dropping considerably since the last decade and this is not due to shale, excess crude or US reserves coming up stream but the simple fact that the US is still much in a very painful recession. The only thing the US has now is the dollar - take out the dollar and see the rot behind the capitalist fraud. Obama was so desperate to get rid of Jonathan that he even loaned his personal campaign manager to Buhari and did all he could to promote Boko Haram insurgency in the north by blocking much needed military hardware to the Nigerian Army. 1 Like 1 Share |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 11:46am On Jul 18, 2015 |
The "Nigeria is broke" lie The current administration has a way of testing the waters when it comes to controversial issues such as negotiating an amnesty package for Boko Haram. This is exactly how they want you to believe that Nigeria is so hopelessly broke and that only solutions to cushion the effects will be: 1. Downsizing the public sector leading to mass unemployment 2. Privatization of Govt assets ( to be sold to western firms of course) 3. Further devaluation of the naira 4. Opening up of the economy to all manner of western goods including food. 5. Taking out an IMF loan package that will not in any way benefit the common man but will end up stashed in a western bank in Zurich thereby ensuring trans-generational poverty and enslavement to a corrupt loan package. 6. The loan which will be drawn out in dollars will ensure we work for the next 40 years trying to repay in dollars thereby enslaving us to the dollar. And with devaluation expected we will have to work 5 times much as we did to repay 1 dollar that is loaned. This is the deal. The APC and Buhari are set to sell us into slavery to the west. 2 Likes 2 Shares |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by delishpot: 11:53am On Jul 18, 2015 |
Begging in the midst of plenty. After ,we complain about white man trying to destroy us yet we cant improve our own lives without looking for handouts from them. Of course who evervpays the piper dictates the tune.....go figure |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 12:05pm On Jul 18, 2015 |
delishpot: PPAngel: 2 Likes 1 Share |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 12:21pm On Jul 18, 2015 |
The only solution Buhari and the APC will sell to you is an IMF loan. Rather than look at ways to promote local production to prevent wastage of our low forex reserves this administration will borrow to pay the rent on importing finished goods. To show the total lack of sincerity by the APC led government, Buhari dipped into our low forex reserves to bailout States that are seriously indebt due to the ineptitude and corrupt ways of their respective governors. This same debts where sourced from banks and the states are poised to default sooner or later. Remember that the liquidity taken out of circulation in granting this debt facility to states with nothing to show for ought to have been made available to genuine small and medium businesses to promote real growth! The rescheduling of the debt repayments was also outlined as one of the measures to help the states out. Now this means that lending interests rates will surely soar.But by far the most stupid thing about this bailout is that after dipping into our forex reserves to bail the states the CBN can not meet up with forex demands thereby putting more pressure on the naira which inevitably has since seen inflation rates soar. This is change for you! 2 Likes 3 Shares |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 9:32am On Nov 13, 2015 |
The next 40 yrs economic model for Nijeriya was drawn out in the board rooms of JP Morgan. The APC is that agent recruited by Wall Street to ensure that the next 40 yrs we remain slaves to the worthless paper dollar. The likes of Buhari, Tinubu, Sanusi and Obasanjo are your new slave foremen. We in the better south can not and should not allow our children to remain slaves because the Awusa and Yoruba like poverty. It is time to leave for good. If we stay you can bet it is our resources and sweat that will be used to float their plantation. We owe it to our children and grandkids to prevent their imminent slavery. Themilanway you can remain a slave to the 10th generation but as for me I will not and never be a slave. 2 Likes 2 Shares |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 9:41am On Nov 13, 2015 |
PPAngel: |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 9:43am On Nov 13, 2015 |
PPAngel: |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 9:44am On Nov 13, 2015 |
PPAngel: |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 9:46am On Nov 13, 2015 |
PPAngel: |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 9:48am On Nov 13, 2015 |
When the truth about this administration finally dawns on us, it would be too late for us to turn back. Why do you think the west is compensating Jonathan with international positions? It's a well worked out plan that he himself knows about, explains the secret meetings he had with US officials in the run up, explains his concessionary attitude after the polls. He knew of what the west had planned to befall Nigeria if Buhari wasn't declared winner. Just like the Op pointed out, the West strategised really well for the elections, giving Tinubu Obama's media campaign manager, buying over the Nigerian media and giving us the impression that Buhari was the de facto winner of the polls even before the polls. Think of how the al majiris would have been unleashed on innocent citizens, think of how Nigeria would have gone up in flames if GEJ did what he had to do to win. Now GEJ is the new bride of the West, am sure he may have been promised an international peace price. What we know is just scrappings to the surface of the actual truth, but eh hwhat we're sure of is that we've officially entered 'one -chance ' with the West. Who doesn't know the the West was highly uncomfortable with our new romance with China like the Op rightly said, they were also wary about our love-up with Russia in military hardware, when it became obvious that US and their cronnnies were not willing to play ball with us. Who didn't know also that the West were severally implicated in stoking the BH war. Nigerians are such a class gullible set. May God help generations to come cos this generation is already enslaved. 3 Likes 2 Shares |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 9:49am On Nov 13, 2015 |
PPAngel: Fast forward to today and China is avoiding Nigeria like a plague. The last Chinese economic summit held in Kenya did not see Nigeria in attendance. China has since cancelled the $30 bn direct investment secured by Jonathan since the dunce Buhari was sworn in. slaves |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 9:50am On Nov 13, 2015 |
PappyMason:Mr man, while reading with an open mind, I was enjoying your write up and lamentation up till the bolded. The western conspiracy is real, Ofcus we've been sold out to the west, but do we have to give everything an ethnic colouration? This is the reason why most of the grunts and mutterings of the Folks from eastern Nigeria go with the wind, cos no one ever takes grumblings serious. Take a cue from Catalonia and Scotland. Act! As an Akwa ibom blood, this unholy union of Nigeria isn't working out fine, I know it. |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by drss(m): 9:53am On Nov 13, 2015 |
Next d dullaard go tell americans say nigeria is completely spoiled beyond repair. 2 Likes |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 9:54am On Nov 13, 2015 |
PPAngel: |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 9:55am On Nov 13, 2015 |
PPAngel: |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 9:58am On Nov 13, 2015 |
PPAngel: |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 10:09am On Nov 13, 2015 |
olrotimi: I am Urhobo so don't mistake me for Ibo because I believe in Biafra because I want total control of my resources which we can never get in a Awusa Yoruba controlled Nijeriya. You must also stop living in a fantasy world as ethoreligious sentiments play a big role in everyday lives of Nigerians talk less of during every 4 yrs when it is time to go to the polls. The Awusa religion dictates that we non muslims should never be entrusted with power. The Yoruba xenophobic and tribalistic jealousy dictates that we in the better south should come second to them. Team up the Awusa north and the jealous yorubas and we in the SS and SE will remain schemed out. This is the politically incorrect truth about Nigeria. 1 Like 2 Shares |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 10:13am On Nov 13, 2015 |
Not again |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 10:25am On Nov 13, 2015 |
PappyMason:Noted in agreement buh our brothers have been 'agitating' for decades and that's the limit we've gone, mere agitations. The world knows that those at the forefront of agitations are lily livered and not bold enough to make a complete and final push for what they want,. They know and it's obvious that our leaders' conscience can be bought for a penny, and as such water down the actualization of independence. They know that we of all the regions in Nigeria, we're the most divided and uncoordinated in our quest for a common goal, that's why the world is not perturbed by the street protests and noise being made. There is a name that the West, nay America fears and hates to be on the different side of the fence with. The fastest way to get independence and breakaway from the unholy union called Nigeria is to get them on your side: RUSSIA. They take no prisoners for their allies. Little wonder why the Western controlled Forbes magazine has named Vladimir Putin as the most powerful man for the second year running. Cos the fact is to actualize independence anywhere in the world, you need a world power on your side. Ask South Sudan (France), ask Abkhazia and Ossetia (Russia), ask Palestine(US treading with caution). So of all the World powers, who is more likely to stand against the US? China has been more economy focused of late. |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 10:39am On Nov 13, 2015 |
Look at the idiots on this thread, they are the first to cry about JP Morgan delisting as if our existence depends on it. Here they are again imagining and discussing slavery |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by giantstrides(m): 11:19am On Nov 13, 2015 |
IyaIode: Don't mind the op, he was making sense until he turned itinto another secessionist thread . |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by PRYCE(m): 11:21am On Nov 13, 2015 |
Again? Another Sold Out WORLD TOUR! |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 11:26am On Nov 13, 2015 |
giantstrides: That is the final outcome as we in the better south won't be part of your slave plantation |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by giantstrides(m): 11:26am On Nov 13, 2015 |
PvtParts2: Since you are such an expert, how do you propose the FG jump starts the economy and diversify the economy from crude oil revenue based, in the face of dwindling oil sales and low revenue without seeking loan ,Or is this just criticism without proposing your alternate argument ? |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 11:27am On Nov 13, 2015 |
IyaIode: JP Morgan is merely putting the Pressure on Buhari to do what he was selected to do that is devalue the naira and open your nation to free trade. |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 11:30am On Nov 13, 2015 |
giantstrides: If you follow the narrative in this thread you will see that the Chinese option was what the last administration was opting for to both attract foreign investments and to bridge the infrastructural gap. Or have you resigned yourself to the IMF and Paris Club as our shameless APC govt has shown so far? |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Uchexxy(m): 11:30am On Nov 13, 2015 |
pappy mason, please continue to enlighten us. the problem with Nigeria is our acceptance of mediocrity. once we can feed our stomach, we don't seem to care about other things that are going wrong. it's a pity, we can't do anything but hope and pray for d best. which to me is biafra 1 Like 1 Share |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by giantstrides(m): 11:38am On Nov 13, 2015 |
PappyMason: So you believe we can simply rely on china in providing loans in jump starting our economy , considering the recession china has been hit with lately , are you implying that we rely on a country for funds, rather than an international agency for loans ? Collecting loans is the first thing , holding the leaders accountable is another thing , whether you like it or not, if the loans are really used in diversifying the economy, and used for our much needed infrastructure such as rail, power and agriculture, NIgeria will be better off for it. The only problem I have with this might be IMF conditions for granting us the loan. |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Ballmer: 11:42am On Nov 13, 2015 |
PappyMason:And for your mind you think Buhari will beckon to such calls ? You have no idea what that man stands for. You'd be amazed how biz relationship will grow with China. The West as nothing on China. Their hegemony is about to be broke and there's nothing they can do about it. If you know the % of road undertaken by CCECC in Lagos you would understand the West can try but will never succeed annihilating Nigeria relationship with China |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Uchexxy(m): 11:48am On Nov 13, 2015 |
giantstrides:conditions that will eternally enslave us u mean? 1 Like |
Re: Buhari Heads To Washington To Conclude Details Of An IMF Loan Package by Nobody: 12:02pm On Nov 13, 2015 |
Ballmer: Buhari was specifically chosen by Washington for his stupid1ty. His first major official function was to attend the G7 summit in West Germany where he could have been mistaken as a piece of furniture. What came out from the G7 summit for Nigeria? Absolutely nothing but photos. The next big tourist trip was to the White House to shake the PR spokesman of America Inc. - Obama. This visit was touted as the mother of all diplomatic visits by the APC who stated that Buhari shaking Obama's hand was the greatest moment in Nigeria's history. Oshiomole even took his newly married ex Dubai ashewoe along. What has come out from that visit? Absolute nothing. 1 Like |
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