dederocs:

We pay them to print our currencies, because our bleeped up government dont have the equipments/materials to create it, printing money is not rocket science, i know we pay to print from other nations, you can refer to my first post...

aragonchuks:
lol coming from someone who haven’t left Nigeria in his life

rusher14:


What does that have to do with slave mentality?

aragonchuks:
because you need to be in both countries to understand my point

rusher14:


And if someone's been to both and doesn't share your view, what then happens?

dederocs:

Say what you know, US government prints currency anyhow and whenever they want, they impose these policies on us via IMF, and WTO...yes the dollar was imposed on us as the benchmark currency for international trade....after the second world war, there was a new world order, read history, they imposed these policies...trade liberalisation, globalisation etc cos they already have the advantage...ask yourself, why we never get interest for our foreign reserve stashed with the IMF/World bank owned by America. The West sees us as food, you zombies need to smell the coffee.

Niggmatic:


I'm not here for your hearsay

aragonchuks:
lol coming from someone who haven’t left Nigeria in his life

bigpicture001:


For domestic economic stimulus govt can give her citizens grants like social benefit for staying home...nd the money will still not be printed...it will b gotte. From our foreign reserve holders: swiss banks...they are still open never closed....

D the naira equivalent printed nd substituted

dederocs:

I have actually travelled to a couple of countries, you dont know me...what has travelling got to do with having a slave mentality?

dederocs:

Our foreign reserve is limited...

dederocs:

this is fact, you dont know about the new world order?

An American President declared it in a live broadcast, i dont like mentioning names, read on it. Its real.

Niggmatic:


Like I said, I'm no here for you guys usual "hearsay".

South Korea, Singapore, Malaysia etc are not interested in your new world order theory. Why? Because they have brain. But you African that have sworn to remain unproductive are the first to shout America this America that.

There is no shortcut to development. You have to be disciplined simple.

aragonchuks:
Good for you , and what has comparing America to Nigeria got to do with slave mentality, or you used the word because it is new to you ?

dederocs:

The topic is about Nigeria printing more notes, follow the argument, i was only pointing out that Western nations did this in desperate times.

ijustdey:


https://punchng.com/coronavirus-print-more-naira-notes-tinubu-tells-fg/

Precious4real50:
No need to do that because his loots alone can save the economy



I still remain Ada ogwashi

NaijadrivaCars:


sarrki

Masking:
Tinubu might be right.
And I'm quite sure different governments would have resorted to printing cash in critical times.

Liquidity injections that's what its called.

I've always wanted to understand the Economics behind this.

Can someone please explain? Pocohantas?

rusher14:


The word was not invented this year but It was further truggered as soon as the effect of Coronavirus began to take its toll on the economy.

Funny enough, the rest of the world would be printing money too.
How much quantitative easing have we done in the UK?

Following the programme of QE announced in March 2020, our purchases of government bonds will total £645 billion.

Rounds of QE have been announced in response to the economic conditions at the time. This graphic shows how bond purchases have built up over the years:




So do we keep our currency at same level whilst the rest of the world "prospers"?


Many of you like to argue just for the sake of it.

pocohantas:


Peeress should be in a better position to explain. He is an ED.

Cc: Peeress, please help us out here.

No, Tinubu can’t be right. A consumer country like Nigeria shouldn’t be going about printing money. There are no goods/services to mop up the cash. We would only end up with hyperinflation.

4Play:


You can do this safely where inflation is almost non-existent, the economy is at the zero lower bound. This is the case with most western economies where prices are relatively stable. Money printing (quantitative easing) by central banks is the purchase of assets like government and corporate bonds by the central banks to increase the money supply into the economy.

You absolutely cannot do this safely in Nigeria where inflation is skyrocketing and the currency is already under pressure as you will generate a Venezuela or Zimbabwe style hyperinflation scenario.

This problem of copying western solutions for Nigeria, witness the widespread lockdowns over coronavirus, will cost us dearly.

bigpicture001:


OK...its like this...the whole world is in one room( global economy)

And they all have just 50 fowls to eat ( scarce resources)

Now without fighting but with strategies( economics) each country wants more fowl that. The other ( wealth) ppl scheme out policies to get hold of more fowl nd add to their previous no.
If as a competitor,u becom weak nd decide to ad more fowl to ur self buy hoi g outside the room to bring in fowl....

Ur fowl is invalid...

You have to fight hard to retain ur own fowl whilst still adding more to the ones you already own

Masking:
Hmm
Thank you. Very interesting analogy.
But me I'm very sure that the resources of countries like north Korea and America are not limited to the 'fifty fowls'
These powers keep spending and investing heavily in nuclear weapons but never go broke.
They are definitely printing money somewhere in the background. I guess their solid economies is cushioning any downsides

No .its not true...the US is the worlds most indebted country...nobody lends north Korea..so they use all their taxes for weapon and are seriously broke


L