₦airaland Forum

spoilt:
its the big clumps of garri. garri clots.  

You must be a Garriologist   I bet you publish research on Garri

@Spoilt

What you have is called Obssesive Compulsive Garri Disorder  

In some ways I like this Islamic philosophy If someone disagrees with me,I behead him Instead of engaging in arguments,I just behead the person and the best part-I get to go to heaven(72 virgins )

@Seun

You know you have a bad idea when the Socialists start to applaud you,while free marketers knock your idea

Seun:
aira.

- Because of the cheap dollar, importation will become less expensive.  We'll be able to import cheaper computers, generating sets, spare parts for manufacturing equipment, up-to-date textbooks, et cetera.

I fail to see how cheaper importation is the way to economic growth when the goal should be greater exportation as every Asian economic Tiger did-Taiwan,S.Korea,Singapore,e.t.c

There would be no need for spare parts for manufacturing when the product to be manufactured can be cheaply imported.Like I said,this won't happen anyway because we will be far too busy dealing with hyper-inflation

Seun:
- If the central bank attempts to prevent the naira from appreciating by increasing supply, there will be inflation.  If they do nothing, I expect deflation, because the demand for the naira would be much higher.

Hmmm, 4 Play, I think our initial analysis was wrong.  I think it will tend to cause deflation and not inflation.  Of course I don't know the exact amount of deflation it will cause, or the exact exchange rate that will result.

If its going to cause deflation,why do you think its a good idea in the first place Who told you that deflation is good for the economy?It won't cause that but if it did,it would be disastrous.Your proposed policy will give us a stark choice-inflation or deflation-that is what they call between the devil and the deep blue sea.

Seun:
Won't it be spent eventually?  When it's eventually spent, won't it cause the same amount of inflation?  

Not neccesarily.The idea of reserves is that you store money for the worst case scenario-war,emergency,economic crisis,e.t.c.

Seun:
Won't it be spent eventually?  When it's eventually spent, won't it cause the same amount of inflation?  
Having said that, there's no reason why the money can't be released gradually to spread the effect over time.
(What does your $100 billion figure for the Nigerian economy imply? Much of Nigeria's economy isn't accounted for.)

How gradually?$8 billion a year?That works out at 7,200 Naira ,according to your calculation,over a year.What is the point?

$100 billion dollars is the CBN's generous estimate of Nigeria's GDP

Seun:
When we get foreign aid to the tune of billions to fight "malaria" why don't we complain about inflation?
If Nigerians start getting billions of dollars from IT outsourcing, won't it cause inflation? So should we oppose that?

We don't get aid that is commensurate to an infusion of $40 billion.We get aid in the hundreds of millions of dollars.As for IT outsourcing,we won't suddenly start getting billions of dollars in revenue,it will be gradual as was the case in India

Seun:
Supposing the money is not paid gradually, and the $40 billion reserve is paid out at once, what will happen?

- There will be dollars everywhere, so the dollar will become very cheap.  As people try to convert their dollars into Naira, the exchange rate of the dollar will keep crashing, until it reaches maybe 70 naira.

Due to inflation the Naira won't strenghten that much but why would we want a sudden strenghtening of Naira?A nation seeking growth,like China, won't want to strenghten their currency too much.A dollar buys you 140 Naira worth of goods.If a dollar exchanges for 70 Naira,you will effectively need to double your dollar income

Seun:
<sarcasm>You are right.  Alaska is currently being ravaged by hyper-inflation</sarcasm>

On a more serious note, the effect of $40 billion in foreign exchange on inflation is the same regardless of the spender.  The net effect of $40 billion in foreign exchange is that we'll be able to import more stuff for a while.

The idea of the reserves is that money is reserved.Spending $40 billion is not the same as reserving it.Would an injection of $40 billion into a $100 billion Nigerian economy cause inflation?You bet it would.That is the same as injecting an extra $5 trillon into the US economy.

Alaska is ony a state in the US amongst many so the issue of infaltion won't arise.If you replicate such a project across the country it would cause hyper-inflation.If the Rivers Govt alone,started paying out money,that won't be  damaging to the economy,if the Nigerian Govt does same,the consequences will be catastrophic.Does the name Udoji sound familiar?

There would be pressure on our currency rates as dollars is converted to Naira.Our foreign reserves will disappear in one breadth damaging international confidence in the economy.

Interest rates will have to go up to deal with the infusion of funds further slowing down the economy and after all the reserves have been squandered,we will be left with inflation and recession.We will end up regurgitating all that money in lost output-There is nothing like free lunch

Alaska is not Nigeria

@Seun

Are you talking about redistrubution of just the reserves or oil revenues as well

The daftest idea I ever heard .As harebrained as they come

babasin:
Good idea.

what dividend is the $40billion paying to Nigerian Citizen?

we should start with that physical cash.

If we pay off to everyone our reserves,we will have no reserves!We will have hyperinflation and a loss of confidence in the economy

PS:Alaska is not a country

loyika (m)
Port Harcourt
Posts: 812
Offline
Re: Stricty Man Utd: One United.
« #3441 on: Today at 03:40:50 PM »

4play



So because J-girl (who is a manc for that matter, so i expect you to say that) as you claim does not trade words, that justifies you insulting women ,  Wow i would expect that from other dumbo scummies but not from you, (even if i tell you, that you are the King Dumbo, i don't mean it).


Spare me the inanity.Respect is a 2 way street.Chivalry is meant for ladies who behave like ladies.

Chivalry does not demand that you wither away while a so-called lady behaves like a rottweiler.If she wants to throw jibes,it is natural that she will have the mickey taken of her.

The "I am a woman so I can insult as much as I want" farce is an inverted pyramid of piffle

In the sports forum,rival fans who rake muck will always have muck thrown their way.If you want to be excused as a lady,behave like one.Otherwise bear the natural consequences of your conduct .

PS:Don't worry about her she is a big girl.She can take care of herself 

Razorr:
4Play leave me alone o!

And stop disturbing me on YIM!  

I am not interested in you!    

Chickenhead!         .

loyika:
You scumbags are getting off insulting a woman, shows the class of your supporters

GOONER 89

J-Girl posts here but she doesn't trade insults.There are lot of other girls like that.If you start trading insults,don't go hiding behind the veil of feminity

@Gloria "Razorr" Hunter

I hope you are prepared to get as good as you give?Don't go telling me you are a lady!

Your feminity is questionable anyway so I must treat you differently.

So,pull up your skirt,grab your balls and prepare to trade jibes

slimghost:
Yeah bro, we made a very big statement last night,so all those recessive retards can shut da fu*k up 4 once. bloody haters.

You remember that Chamillionaire track-
               
                   They see us rollin
                   They hating  

Bunch of haters and chickenheads  

Hugoboi:


Na wa 4 uooo 4play, that was very mean of u.Did u have to say it publicly? i bet the poor girl will be blushin bananas now!! LOL

Somebody has to say the truth   The girl has been on his Johnson like an STD  


@Gloria "Razorr" Hunter

Nothing personal

Razorr:
ROFLMFAO    

This your job as Loyika's chickenhead   Na wao .

The guy no dey even pay you attention  

Loyika,give the girl some love,damn,you cold bastard!  

@Vieira

You still dey breathe?   Where is Bobby Zamora?

@Gloria Hunter/Razorr

I am currently processing your application to join Man U.It would have be done by now but I was deluged by forms sent in after last nite's game.

Kitaun,Loyika and Muki have had their applications rejected.

You have to have an I.Q of at least 110 to join MAN UTD and the above 3 failed to muster even a 100.Please be rest assured I will try to get your application through

loyika:
So wait Oh i get it, You now want us to refer to you as Nastradamus

Not so fast! I have had my share of whoppers 

4 Play (m)
London,U.K
Posts: 2429

Online
Re: 2007 Champions League 1/4 Finals
« #51 on: March 09, 2007, 04:58 PM »

@Akolowale

There is a major difference between making a reasoned prediction and an empty boast.Everyone knows you have made the latter more times the former so spare us the sermons.

In all the fixtures, Liverpool is the only one that I feel I can predict with any confidence

At the group stages,I fancied Milan to win the CUp.However,there major problem is their inability to score goals.They play with only one striker up front(Gilardino) and while they are strong in defence this inability to score goals is a big obstacle.

Every season we have a suprise team(last 2 was Arsenal and Liverpool) and Roma can be that but the inexperience of their players at this level is a problem.Arsenal had similar inexperience but they were underrated and it acted as a surprise element . If they go behind,they find it hard to come back and lose their heads easily. This is the first time they are making it to the Q/F.

Right now,I think Valencia and Milan will make it to the Final

It hurts!it hurts!

@Razorr
It seems you don't know about Liverpudians

Everything I said is correct.

Oh!Razorr a.k.a Gloria Hunter.

I didn't know its your birthday

HAPPY BIRTHDAY

@FBI477

You are a Liverpool fan?Murderers!

Here in England,everyone knows that people on the red side of Merseyside have the highest rates of incest in the world.Gerrard's mum is his sister.

Bunch of assholes

As soon as they changed the back pass rule,Liverpool stopped winning.No coincidence

Razorr:
Since when Yankeepool start to dey get fans sef!  

These glory hunters have come again o!

See this Major League Glory Hunter

Queen Gloria Hunter

loyika:
basically 4play, what is your point You don't like Arsenal, and if we were the ones playing Roma you and other scummies would have been rooting for Roma as well, so stop being a sactimonious little   cause you damn well know that you would have wished us the same.

GOONER 89

My point is that I won't come out and stick my neck out that Arsenal won't win when any reasonable person can see that they have a good chance of winning.

Any time someone makes a bold prediction in football and it goes wrong,people are going to take the mickey.Remember Alan Hansen?

Its simple-you predict,we laugh at you if get it  wrong

Razorr:
4Play, shut up your mouth if you can't stop reasoning with your penis instead of your brain!

Nobody could have predicted that Arsenal would fare badly this season!

Should I take you back to when I said aRSE will be out of all 3 Cups within 2 weeks?When did you join Nairaland.?

@chuckdee4

If Totti was playing for Utd he probably would have got a hat-trick.He is a fantastic player for an average club.

He did not disgrace himself last nite.He kept plugging away like a true proffesional and my respect for him did not diminish one bit.

@Loyika

It is natural to hate your rivals but there is a point beyond which hatred may sound foolish.There is no club I hate as much as Liverpool but you will rarely  find me insisting before a match that Liverpool will lose.

If on the unlikely event I do that and Liverpool wins,their fans are entitled to laugh at me.

Hatred does not justify foolishness.When for instance I insisted earlier on that Arsenal where going nowhere this season,I did  it out of reasoned analysis not out of blind hatred.