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The Danger Of Borrowing Unclaimed Dividends / Foreign Loan: Why Can't CBN Print The $5.5bn Instead Of Borrowing? / Nigeria’s CBN Is Printing Money To Keep The Govt Afloat & Alarms Are Ringing. (2) (3) (4)
Re: . by FivePeas: 2:32pm On May 04, 2020 |
Saintinoo: Why not work on researching the information I gave to you first. FYI China has in recent times never increased its gold reserve and print currency at the same time. Go do your research. |
Re: . by YngDenzel1: 2:41pm On May 04, 2020 |
@OP CBN has the best economists working for them, if there's one thing i know is that we Nigerians are very smart, if those economists say we should borrow base on their analysis then we borrow. All these NL economists dem go confuse you. 1 Like |
Re: . by Saintinoo(m): 2:43pm On May 04, 2020 |
Blazebond:Please do not use political economy principles to explain Marco economics. 1 Like |
Re: . by Saintinoo(m): 2:51pm On May 04, 2020 |
FivePeas:There are many thinhs you will not understand or rather end up getting yourself confused when you rely on newspaper articles on economic related matters. 1 Like |
Re: . by PrinxArthur1(m): 3:44pm On May 04, 2020 |
mrvitalis:when u earn money and exchange it to dollars the CBN only losses cost of printing and storage! |
Re: . by Dangrace01: 4:12pm On May 04, 2020 |
mrvitalis: Looks like a Robert kiyosaki lecture. From the history of money. Gold was used as money before paper money came into existence. Previously every American dollar was to represent Gold in vault. In 1971 America moved out of the gold standard and started printing paper money backed by nothing. So the Op is making sense. We have to stop calling our currency 2nd class currency because American dollar is just piece of paper it's us that is giving their dollar value. You can imagine because of Corona Virus. America printed 2 trillion dollars. Somebody just printed money from thin air, it's d same money they would borrow us and we would pay with interest I don't know the problem with we blacks we have the gold, why don't we store gold and print our money ourselves making it have real value. China has a very large store of gold. Nigerian government supposed to do same. Gold is the real money forget paper |
Re: . by mrvitalis(m): 4:17pm On May 04, 2020 |
Dangrace01:How can you force the world to use naira ...what do u produce ... would Europeans or Asians accept naira ? Bros relax....print more money naira loses value ...we don't have the reserve to back it |
Re: . by Ekemeze: 4:18pm On May 04, 2020 |
. 1 Like |
Re: . by Dangrace01: 4:22pm On May 04, 2020 |
mrvitalis: So you are saying America go to do the printer to print money because they produce something? |
Re: . by Dangrace01: 4:25pm On May 04, 2020 |
There is this documentary the hidden secrets of money. According to the episode 4 of the documentary it says American dollar is built on fraud Kiyosaki always complaining that American dollars is fake it is not real that it's our illusions of money that is holding the house of cards. Everyone needs to watch that documentary |
Re: . by mrvitalis(m): 4:26pm On May 04, 2020 |
Dangrace01:They can print because there is a demand for it |
Re: . by Dangrace01: 4:29pm On May 04, 2020 |
mrvitalis: There is a huge demand for Naira in Nigeria. This people begging on NL no be demand? I'm no economist just want to learn more. There is this thing cbn nigeria does they inject money into the economy later they remove money from the economy to create scarcity. What is your take on this |
Re: . by mrvitalis(m): 4:33pm On May 04, 2020 |
Dangrace01:People are begging naira ...when u use it to buy things the sellers get rich and want to buy car ...do u manufacturer car ? They want a phone do u manufacture phone Or cloths . When the demand for this things increase with little doar in our reserve .the price of naira crashes we all lose money 1 Like |
Re: . by Dangrace01: 4:37pm On May 04, 2020 |
mrvitalis: So you are saying if Nigeria stops importing and Everyone buy made in Nigeria, our Naira would increase in value and compete with dollars |
Re: . by mrvitalis(m): 4:47pm On May 04, 2020 |
Dangrace01:Since no one would be needing the dollar for anything it would become worthless 2 Likes |
Re: . by Nobody: 5:09pm On May 04, 2020 |
Mathscum: I don't even know where to start explaining the economic suicide of his thoughts to a nation because he seems very serious and angry and his questions are valid because he seeks for answers but even the answer he seeks for won't still make sense to him so all i did was laugh and laugh out some more because the question is also funny. |
Re: . by zanjorrg(m): 6:16pm On May 04, 2020 |
The OP doesn't state either the FG borrows from other countries ($) or withing the country (N). It will not make much sense when we are all attributing borrowing to just international. Just as the same way borrowing comes with a cost (interest) so printing of local note also come with cost (cost of production) The cost of printing 1000 naira note is the same cost of printing 100 naira note, considering that government needs money badly, which of the note will suggest the government go for? The answer is 1000 note. Printing of 1000 naira note at the expense of other denomination will cause the scarcity of 100 note hence increase in prices of good. You can get better understanding of this when coins were discontinued in Nigeria. In order to reduce the effect of this, borrowing becomes a better option. Pls I stand to be corrected as I am not all knowing... We are learning every day |
Re: . by FivePeas: 6:39pm On May 04, 2020 |
Saintinoo: Go school yourself kid. I'm sure you didn't attain understanding from dreaming |
Re: . by Ekemeze: 6:41pm On May 04, 2020 |
. |
Re: . by Saintinoo(m): 7:07pm On May 04, 2020 |
FivePeas:There is no need.... But my advice to you is not to rely too much on newspaper articles when it comes to economic matters... No professional evaluted those articles.. And do some findings about Money and Inflation. Peace. |
Re: . by Nobody: 7:59pm On May 04, 2020 |
Ekemeze: I'm 1000% with you on the summations above |
Re: . by Nobody: 8:37pm On May 04, 2020 |
holocron: This has been the US modus operandi right from time immemorial. |
Re: . by Nobody: 9:08pm On May 04, 2020 |
NockMedia: Share with us what your own economic teacher thought you? Remember he asked a question because he wants to learn even though he did put it in a funny way but his questions are valid and deserves an answer. |
Re: . by FivePeas: 2:52am On May 05, 2020 |
Saintinoo: My dear. Go get yourself educated. With my newspaper I'm employing close to 20 persons and seeking to expand to 50, this feat can't be achieved by someone with average psyche, it's you who needs thorough orientation. Go get yourself properly educated before you engage in public discussions next time. Do something of value with your life Don't bother replying.im done with you |
Re: . by Saintinoo(m): 6:55am On May 05, 2020 |
FivePeas:Ok let me drop this here... I can now see the childishness in you, who asked you if you are an enterprenure, or the number of people you employ? Nairalanders won't stop amusing me, this is a faceless forum, i don't know who am talking to and i don't care to, you also don't know me... So as you said, keeping employing till you reach your target of 50 employees, atleast you are adding to Nigeria's GDP... My advice remain, try and keep yourself updated and stop relying much on non appriased newspaper articles regaring economic matters mr employer. |
Re: . by Alkason: 5:31pm On May 05, 2020 |
Dangrace01: What exactly are we going to gain by storing the gold. I am not disputing your assertion, just want to learn. |
Re: . by Alkason: 5:34pm On May 05, 2020 |
mrvitalis: I meant something from this But why are we so dependent on dollars? Why can't we find a way to use our naira to import or trade with China? |
Re: . by ecolime(m): 8:32pm On May 05, 2020 |
Interesting thread |
Re: . by tunjilomo(m): 10:15pm On May 10, 2020 |
Why this thread no reach fp? I HAVE LEARNT SOME THINGS. Others Should Too And Contribute, Lalasticlala. |
Re: . by gnykelly(m): 12:35am On May 11, 2020 |
engrchykae: if you start that America will come for your head remember gadafi..... you need to be crafty like the Chinese to achieve anything meaningful |
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