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Buhari Lied, Boko Haram Still Holds Territory In Nigeria - US Commander / Boko Haram Still Owns Major Territory In Nigeria - U.S. / Mamman Nur: Al Qaeda-linked Man Behind Bomb On UN? (2) (3) (4)

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Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by Wallie(m): 6:13pm On Nov 18, 2011
By By Paul Cruickshank and Tim Lister, CNN
updated 2:31 AM EST, Fri November 18, 2011


(CNN) -- Two weeks ago, dozens of armed men descended on a town in northern Nigeria and killed more than 100 people in a coordinated series of bombings and gun attacks.

Many of those targeted were Christians, but police stations and mosques deemed "insufficiently Islamic" were also attacked.

The town was Damataru, capital of the Nigerian state of Yobe, and the assailants belonged to the group Boko Haram, which translates from the local Hausa as "Western education is outlawed."

In two years, Boko Haram has morphed from a radical Muslim sect into an insurgency responsible for dozens of attacks in Nigeria and beyond. Western intelligence analysts believe it is also developing links with al Qaeda affiliates in Africa.

Boko Haram's targets include police outposts and churches, as well as places associated with 'western influence.' Its signature attack is a Karachi-style drive-by shooting from a motorbike, but this year it has begun a campaign of suicide vehicle attacks.

In Maiduguri, the epicenter of the insurgency, there is a heavy military presence, with security checkpoints, sandbagged military positions and the scars left by bomb attacks.

House-to-house searches are common. A senior military officer admitted last week that Maiduguri was a dangerous place, with "miscreants" slipping across the nearby borders with Chad and Niger. The Nigerian authorities seem unable to overcome Boko Haram -- and its growing footprint worries neighboring states and the U.S. Africa Command.

Many Christians in northeastern Nigeria have fled their homes as the violence has worsened this year.
A government offer of amnesty has had little effect; the deployment of 20,000 Nigerian troops to deal with ethnic and religious violence has failed to subdue the group.

President Goodluck Jonathan has warned of "swift and certain justice for criminal elements" -- but analysts say that the inefficiency of the Nigerian state, rampant corruption and a heavy-handed military response may play into Boko Haram's hands.

Until 2009, Boko Haram was a fundamentalist sect that espoused a Taliban-like interpretation of Islam. It did not advocate violence but it was hostile to Nigeria's Muslim leadership for its compromises with the 'infidel.'

One day in July that year, police stopped some of its members on motorbikes -- and told them to wear helmets. Tempers flared. When the bikers resisted, police opened fire -- killing nine members of the group, according to witness reports collected by Shehu Sani, the President of the Civil Rights Congress.

The Congress is an independent human rights group based in northern Nigeria, and Sani has had extensive contacts with figures in Boko Haram.

In the days after that confrontation, hundreds of Boko Haram members were killed in clashes with security services. Among them, the group's charismatic leader Mohammed Yusuf, who died while in the custody of police, according to Sani.

A secondary school dropout, Yusuf preached a strict application of Sharia law in northern Nigeria, arguing that the rich and connected had evaded Sharia despite its formal adoption by several Muslim-majority states in Nigeria. His message resonated with thousands of marginalized Muslims. Boko Haram can also draw on the deepening inequalities and religious divide between north and south Nigeria to help recruitment.

After the crackdown, security services accused the group of planning an armed jihad in Nigeria by stockpiling weapons, including guns, explosives, and grenades, and purchasing land for paramilitary training. A significant number of members fled to neighboring Niger and Chad. But far from this being a victory for the security services, it brought Boko Haram members into contact with al Qaeda in the Islamic Maghreb (AQIM).

According to U.S. officials, the groups have since forged a partnership -- with AQIM sharing its evolving expertise in suicide bombing.

"We know that there are increasingly frequent contacts, and indeed, training of members of Boko Haram by al Qaeda in the Islamic Maghreb, and that's of great concern," Ambassador Anthony Holmes, U.S. Africa Command's civilian deputy said earlier this month. Algerian officials, long concerned at the growth of AQIM, have voiced the same concerns. And last week a senior Nigerian military officer told Reuters: "Boko Haram is al Qaeda."

In a global poll conducted by the Pew Research Center in 2009, a higher percentage of Nigerian Muslims (54%) stated they had confidence in Osama bin Laden than in any other Muslim-majority country.

Boko Haram's muscle was enhanced a year ago when the group freed at least a hundred of its members from a prison in Bauchi in northeastern Nigeria. This year, Boko Haram has begun looking to new horizons, including the capital, Abuja. In June, the group carried out its first suicide bombing -- attacking the National Police headquarters. Two months later -- in a dramatic escalation of its campaign -- it launched a suicide car bombing against the U.N. headquarters in Abuja, killing 23.
Boko Haram released a video featuring a martyrdom recording by the suicide bomber in the attack -- a-27-year-old from Maiduguri -- who praised Osama bin Laden and referred to the U.N. headquarters as a "forum of all the global evil."

The U.N. attack, Sani says, was likely an attempt by Boko Haram to embarrass the Nigerian government. He believes the group's Shura Council decided that attacking the U.N. would create less of a backlash against the group than directly targeting American interests.
"When they attacked the U.N. headquarters, they had to pass the American Embassy to Nigeria just a few meters away, but they knew the implications of targeting American interests: that things would get worse for them," Sani said.

U.S. officials believe some of those involved in that plot may have also trained with the al Qaeda linked militant group Al Shabaab in Somalia. In September, U.S. military officials warned that Boko Haram, AQIM, and al Shabaab might make common cause in targeting American interests in the region.
Earlier this month, the U.S. Embassy in Nigeria warned that Boko Haram may be plotting to target three luxury hotels in Abuja.

Al Qaeda in West & Central Africa?
According to Shehu Sani, the group's agenda is still primarily local. "The origin of their fight is with the government of Nigeria and the security agencies," Sani said. "They want an end to the government's campaign against them and for them to pull troops out of northeastern Nigeria."

Analysts believe some Boko Haram members might be tempted by payouts made by the government to militants in the Niger Delta in recent years in exchange for their laying down arms. But one attempt at mediation has already ended in disaster. In September, a leading figure in Maiduguri connected to the group who sat down for talks with a former president of Nigeria was assassinated within 48 hours. Sani helped set up the meeting; he says he has since received death threats himself.

Security analysts are concerned the group may try to target Nigeria's oil industry in the Niger Delta, destabilizing supplies from the world's eighth largest oil exporter. Over the past decade, pipelines and rigs in the area have been repeatedly targeted by the Movement for the Emancipation of the Niger Delta (MEND). The area is predominantly Christian and western intelligence sources say it would be difficult for Boko Haram to establish a presence there.

Human rights activists say for now, the authorities' crackdown in northern Nigeria may have the effect of radicalizing more Muslims. According to Sani and others tracking the group, Boko Haram has drawn its membership mainly from disaffected youngsters and unemployed graduates. But it has also gathered support among the professions.

Human Rights Watch says it has documented serious abuses by Nigerian police, including extrajudicial executions against suspected members of Boko Haram.

"The security forces are punishing people who they believe provide shelter to Boko Haram, but if you reveal the identity of Boko Haram fighters, then they'll kill you. You can see the dilemma," Sani said.
"If Nigerian government can't solve the problem, and the violence continues, then this virus will spread across the countries of west Africa and central Africa, emboldening the group and boosting its membership, making it a well-established part of al Qaeda," he said.

Today the Nigerian media, like its politicians, are full of advice to the government on how to tackle Boko Haram -- from an even tougher military response to renewed attempts at dialogue, another amnesty and a more comprehensive effort to address the root causes of the violence.
Neither carrot nor stick has worked so far.

http://www.cnn.com/2011/11/18/world/africa/nigeria-militants/index.html?hpt=hp_bn4#
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by Chyz2: 6:15pm On Nov 18, 2011
Propaganda. Nigeria prepare for invasion by the west.
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by Nobody: 6:26pm On Nov 18, 2011
^^
I was about to say that, you beat me to it  sad

Prepare for drones in the North 

[img]http://supportdanielboyd.files./2010/05/drone1.jpg[/img]

The West will use any opportunity to tighten their grip on oil resources worldwide.

We must not allow them , otherwise we might as well say goodbye to Nigeria.

You only need to look at Afghanistan , Iraq and Libya and now Syria.

Any country they go to for purposes of so called ' assistance ' always ends with more chaos.
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by Wallie(m): 6:30pm On Nov 18, 2011
Chyz*:

Propaganda. Nigeria prepare for invasion by the west.

Can you show me the bias in the article? Why would the West want to invade if they're already getting everything Nigeria has to offer? AFAIK, the current Nigerian government is not anti-America and might even be thought of as pro-America. Why invade to make the country unstable?
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by Wallie(m): 6:32pm On Nov 18, 2011
frosbel:

^^
I was about to say that, you beat me to it  sad

Prepare for drones in the North 

[img]http://supportdanielboyd.files./2010/05/drone1.jpg[/img]

The West will use any opportunity to tighten their grip on oil resources worldwide.

We must not allow them , otherwise we might as well say goodbye to Nigeria.

You only need to look at Afghanistan , Iraq and Libya and now Syria.

Any country they go to for purposes of so called ' assistance ' always ends with more chaos.


Tighten grip on the same oil that is being sold to them for the foreseeable future? Can you rate how the government is currently doing handling the crisis?
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by Chyz2: 6:43pm On Nov 18, 2011
Wallie:

Can you show me the bias in the article? Why would the West want to invade if they're already getting everything Nigeria has to offer? AFAIK, the current Nigerian government is not anti-America and might even be thought of as pro-America. Why invade to make the country unstable?

Why would the west continue to involve themselves in billion dollar wars when there countries economies are in terrible conditions,especially europe? Its not about pro or anti it is about interest. Has any country in africa benefitted from their "help"?Name one and how? who is al qaeda, who is the leader, where is their headquarters, where is there network, are they invisible people sitting on the edge of every third world country waiting for the perfect time to appear and walk further in to cause destruction? How come the west always happens to know "it's alqaeda"? Since when do the Hausa man start bombing because of Islam? If the hausa man want complete islam he will riot and use dagger like always and only target christians and southerners. All of this stuff is seeming to happened right close to their Nigeria disintegration prediction. I dont think they are Nostradamus. undecided
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by Wallie(m): 9:05pm On Nov 18, 2011
Chyz*:

Why would the west continue to involve themselves in billion dollar wars when there countries economies are in terrible conditions,especially europe? Its not about pro or anti it is about interest.

You are very correct that they only involve themselves in countries in which they have interests. Here’s a question to you. Would you intervene on your younger sibling’s behalf if he/she needs help? If you would, why? Could it be because you have interest in your brother/sister’s wellbeing?

The Western countries, especially those with colonial ties are forever joined at the hip with us because of history. The relationship becomes even more complicated because they have or seek what we have which is one of the reasons we were their colony in the past.   

Chyz*:

Has any country in africa benefitted from their "help"?Name one and how?

South Sudan by having a referendum to break away.


Chyz*:

who is al qaeda, who is the leader, where is their headquarters, where is there network, are they invisible people sitting on the edge of every third world country waiting for the perfect time to appear and walk further in to cause destruction?

Al Qaeda has morphed into an ideology. They are no more centralized or should I say have different factions?

Chyz*:

How come the west always happens to know "it's alqaeda"? 

Al Qaeda has morphed into an ideology but it is not always Al Qaeda. The kidnappings in Somalia is not Al Qaeda. Al-Shabaab is not Al Qaeda. Hamas is not Al Qaeda.  The Haqqani network is not Al Qaeda.


Chyz*:

Since when do the Hausa man start bombing because of Islam? If the hausa man want complete islam he will riot and use dagger like always and only target christians and southerners. All of this stuff is seeming to happened right close to their Nigeria disintegration prediction. I dont think they are Nostradamus. undecided

How do you think they came up with the prediction? Do you think that the US is like Nigeria where you can spend billions of dollars without doing anything? Don’t you know that there are agencies that have people evaluating every region of the world 24/7? They are not Nostradamus but they do have very smart people that live and breathe stuff like this.
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by Chyz2: 9:43pm On Nov 18, 2011
Wallie:

You are very correct that they only involve themselves in countries in which they have interests. Here’s a question to you. Would you intervene on your younger sibling’s behalf if he/she needs help? If you would, why? Could it be because you have interest in your brother/sister’s wellbeing?

Oh how sweet! They really really have a BIG heart. Please! Save the BS for someone who doesn't know chess. I'm no fool. It's all about interest in money and not people. Can believe you typed that. SMH.

The Western countries, especially those with colonial ties are forever joined at the hip with us because of history. The relationship becomes even more complicated because they have or seek what we have which is one of the reasons we were their colony in the past.


Shut your damn mouth you slave! You are a disgrace for this comment!!! shocked


South Sudan by having a referendum to break away.

Exactly, ya can't name any. South Sudan just became recognized because they accepted deals by the west which involves their oil and a military base being set up there. Think, think,think. They have had they own country inside of a country for a while now because of their strong will to fight.

Al Qaeda has morphed into an ideology. They are no more centralized or should I say have different factions?

Just like I thought, you can't even answer the question,lol. Morphed my foot. Who told you that it morphed into an "ideology"? What was it before? You say they have factions but are not centralized? Do you hear yourself,lol? Ok so, before it became "decentralized", where was its headquarters and when did it become decentralized?

How do you think they came up with the prediction? Do you think that the US is like Nigeria where you can spend billions of dollars without doing anything? Don’t you know that there are agencies that have people evaluating every region of the world 24/7? They are not Nostradamus but they do have very smart people that live and breathe stuff like this.

If what you are saying is the truth then there should be no bombs going off now should there? There is no way you can predict such a think and you not be involved in it,period. Gbam! Gbosa!
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by Wallie(m): 10:10pm On Nov 18, 2011
Chyz*:

Oh how sweet! They really really have a BIG heart. Please! Save the BS for someone who doesn't know chess. I'm no fool. It's all about interest in money and not people. Can believe you typed that. SMH.

Are you just so blinded by your paranoia that you can't see that I was agreeing with you? I did say "You are very correct" didn't I? The rest of the paragraph merely pointed to the fact that most people in the world would only intervene in situations they have interest in.

Chyz*:

Shut your damn mouth you slave! You are a disgrace for this comment!!! shocked
What is it with Nigerians and insult? Does the insult help you get your point across or do you think that you have monopoly on insults? Why can’t you just make your point without the name calling?

By the way, the paragraph you’re insulting me over was just meant to show why the West will always have interest in “us”.

Chyz*:

Exactly, ya can't name any. South Sudan just became recognized because they accepted deals by the west which involves their oil and a military base being set up there. Think, think,think. They have had they own country inside of a country for a while now because of their strong will to fight.

You said I should name one and I did. Do you want another one? So if South Sudan was already a country and they have a strong will to fight, why the referendum? Was the referendum not about having autonomy and controlling their destiny? How much oil does South Sudan have and which country has access to it?

Chyz*:

Just like I thought, you can't even answer the question,lol. Morphed my foot. Who told you that it morphed into an "ideology"? What was it before? You say they have factions but are not centralized? Do you hear yourself,lol? Ok so, before it became "decentralized", where was its headquarters and when did it become decentralized? 

Al Qaeda was started by mujahideens that fought during the Soviet invasion of Afghanistan, and the group was headed by Osama.

Chyz*:

If what you are saying is the truth then there should be no bombs going off now should there? There is no way you can predict such a think and you not be involved in it,period. Gbam! Gbosa!

I don’t even know where to begin. Your “rational” thoughts are scary! Try to put a little more thought into your responses if you want me to reply.
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by cap28: 11:18pm On Nov 18, 2011
Al Qaeda is a creation of this man:

[flash=200,200]
https://www.youtube.com/watch?v=9V-bxx7OyZ0[/flash]

the US govt created armed and funded the mujahideen who were used to overthrow a democratically elected govt in afghanistan - this man Zbignew Brzinski created this group which later came to be known as Al Qaeda - Al Qaeda is a creation of the CIA. Brzinski currently serves as Obama's foreign policy adviser.
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by cap28: 11:40pm On Nov 18, 2011
I beleive the nigerian govt are being set up for a takeover by Boko Haram which i beleive is being funded and armed by the CIA.

Why is the US doing this? - because nigeria is turning away from trade with the US in favour of China - recently nigeria converted 10% of its foreign reserves into the remnimbi - this startled the US - nigeria's central bank governor Lamido Sanusi even went as far as saying that nigeria may explore the possibility of selling its oil in exchange for the remnimbi and not the US dollar - the nigerian govt are covertly trying to dump the dollar because they can see that the US economy is about to collapse but the US will not take this without a fight - every oil producing country that has tried to escape US economic domination by looking for much more favourable trading partners end up being destroyed : Iraq and Libya are two recent examples.

https://www.nairaland.com/nigeria/topic-756708.0.html
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by Kobojunkie: 2:05am On Nov 19, 2011
cap28:

I beleive the nigerian govt are being set up for a takeover by Boko Haram which i beleive is being funded and armed by the CIA.

Why is the US doing this? - because nigeria is turning away from trade with the US in favour of China - recently nigeria converted 10% of its foreign reserves into the remnimbi - this startled the US - nigeria's central bank governor Lamido Sanusi even went as far as saying that nigeria may explore the possibility of selling its oil in exchange for the remnimbi and not the US dollar - the nigerian govt are covertly trying to dump the dollar because they can see that the US economy is about to collapse but the US will not take this without a fight - every oil producing country that has tried to escape US economic domination by looking for much more favourable trading partners end up being destroyed : Iraq and Libya are two recent examples.

https://www.nairaland.com/nigeria/topic-756708.0.html

Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by Wallie(m): 6:04pm On Nov 19, 2011
cap28:

Al Qaeda is a creation of this man:

[flash=200,200]
https://www.youtube.com/watch?v=9V-bxx7OyZ0[/flash]

the US govt created armed and funded the mujahideen who were used to overthrow a democratically elected govt in afghanistan - this man Zbignew Brzinski created this group which later came to be known as Al Qaeda - Al Qaeda is a creation of the CIA. Brzinski currently serves as Obama's foreign policy adviser.


I see that you're trying to come with it but you got your facts twisted. The war in Afghanistan was a proxy war between the US and Soviet Union during the cold war.

The origins of al-Qaeda as a network inspiring terrorism around the world and training operatives can be traced to the Soviet War in Afghanistan (December 1979 – February 1989).[70] The U.S. viewed the conflict in Afghanistan, with the Afghan Marxists and allied Soviet troops on one side and the native Afghan mujahideen, some of whom were radical Islamic militants, on the other, as a blatant case of Soviet expansionism and aggression. The U.S. channeled funds through Pakistan's Inter-Services Intelligence agency to the Afghan Mujahideen fighting the Soviet occupation in a CIA program called Operation Cyclone.[71][72]

http://en.wikipedia.org/wiki/Al-Qaeda
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by Wallie(m): 6:29pm On Nov 19, 2011
cap28:

I beleive the nigerian govt are being set up for a takeover by Boko Haram which i beleive is being funded and armed by the CIA.

Why is the US doing this? - because nigeria is turning away from trade with the US in favour of China - recently nigeria converted 10% of its foreign reserves into the remnimbi - this startled the US - nigeria's  central bank governor Lamido Sanusi even went as far as saying that nigeria may explore the possibility of selling its oil in exchange for the remnimbi and not the US dollar - the nigerian govt are covertly trying to dump the dollar because they can see that the US economy is about to collapse but the US will not take this without a fight  - every oil producing country that has tried to escape US economic domination by looking for much more favourable trading partners end up being destroyed : Iraq and  Libya are two recent examples.

https://www.nairaland.com/nigeria/topic-756708.0.html

Sorry to break it to you but your belief is about worthless as my belief in fairy tales. For your belief to be believable, you need to back it up with facts and not opinions.

Is Nigeria the only country moving away from dollar? The US economy is about to collapse? Hardly!!

The US economy may end 2011 growing at its fastest clip in 18 months as analysts increase their forecasts for the fourth quarter just a few months after a slowdown raised concern among investors.

Economists at JPMorgan Chase & Co. in New York now see gross domestic product rising 3% in the final quarter, up from a previous prediction of 2.5%. Macroeconomic Advisers in St. Louis increased its forecast to 3.2% from 2.9% at the start of November, while New York-based Morgan Stanley boosted its outlook to 3.5% from 3%.

http://economictimes.indiatimes.com/news/international-business/us-q4-economic-growth-may-be-fastest-in-6-quarters-analysts/articleshow/10793529.cms


The following articles should help you better understand the currency war going on and why every country is trying to devalue their currency.

http://www.newsy.com/videos/race-to-the-bottom-new-stage-of-global-currency-war/
http://www.bloomberg.com/news/2011-08-04/currency-wars-enter-new-stage-as-chances-of-fed-asset-purchases-escalate.html
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by cap28: 2:49am On Nov 20, 2011
Wallie:

Sorry to break it to you but your belief is about worthless as my belief in fairy tales. For your belief to be believable, you need to back it up with facts and not opinions.

Is Nigeria the only country moving away from dollar? The US economy is about to collapse? Hardly!!

http://economictimes.indiatimes.com/news/international-business/us-q4-economic-growth-may-be-fastest-in-6-quarters-analysts/articleshow/10793529.cms


The following articles should help you better understand the currency war going on and why every country is trying to devalue their currency.

http://www.newsy.com/videos/race-to-the-bottom-new-stage-of-global-currency-war/
http://www.bloomberg.com/news/2011-08-04/currency-wars-enter-new-stage-as-chances-of-fed-asset-purchases-escalate.html

it sounds like you are another one of those ignoramuses who exist in a parallel universe rather than the real world - perhaps these facts will jog you out of your comatose state:


40 million americans are currently in receipt of food stamps

american corporations  continue to cut thousands of jobs and ship most of them out to the third world where people will work for starvation wages.

the few jobs that are being created are being taken on by immigrants who are more than grateful to work for the kind of money no self respecting american citizen would accept.

the US govts only solution to its imminent economic collapse is to keep printing more and more money which is devaluing the dollar even further and causing inflation.

the US is currently running a federal and trade deficit - the federal deficit is now running at $15 trillion, it will never be able to repay this debt and as a result relies on issuing of treasury bonds to stay afloat. 

china and japan are the largest holders of US treasury bills and both countries can decide to sink the US economy by unpegging their currency from  the US dollar and looking for alternative markets to sell their goods to.  there is a real possibility that this could happen because the ongoing depreciation of the dollar is making it more and more unattractive to its main trading partners.

china has actually increased its trade with many african countries and therefore the chances of china deciding to dump the dollar once and for all are looking more and more likely once china does this other countries will follow suit and there will be a blind panic by almost every country with significant dollar holdings to rid themselves of them.

investors have also demonstrated thier lack of confidence in dollar denominated investments by switching to buying other currencies or buying gold - the chinese are buyign huge amounts of gold.

the above facts are clear indications that the US economy is on its death bed but if you want to keep living in cloud cuckoo land thats your prerogative but im not suprised by your attitude as most nigerians are only able to function by living in denial.
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by cap28: 2:59am On Nov 20, 2011
Wallie:

I see that you're trying to come with it but you got your facts twisted. The war in Afghanistan was a proxy war between the US and Soviet Union during the cold war.

http://en.wikipedia.org/wiki/Al-Qaeda


what point have you made here?

so ? it was a proxy war fought by whom?

who funded the mujahideen? who supplied them with arms?

why did the mujahideen overthrow a democratically elected govt?
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by Beaf: 3:06am On Nov 20, 2011
Crap 28! angry
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by Wallie(m): 1:43pm On Nov 21, 2011
cap28:

it sounds like you are another one of those ignoramuses who exist in a parallel universe rather than the real world - perhaps these facts will jog you out of your comatose state:


40 million americans are currently in receipt of food stamps

american corporations continue to cut thousands of jobs and ship most of them out to the third world where people will work for starvation wages.

the few jobs that are being created are being taken on by immigrants who are more than grateful to work for the kind of money no self respecting american citizen would accept.

the US govts only solution to its imminent economic collapse is to keep printing more and more money which is devaluing the dollar even further and causing inflation.

the US is currently running a federal and trade deficit - the federal deficit is now running at $15 trillion, it will never be able to repay this debt and as a result relies on issuing of treasury bonds to stay afloat.

china and japan are the largest holders of US treasury bills and both countries can decide to sink the US economy by unpegging their currency from the US dollar and looking for alternative markets to sell their goods to. there is a real possibility that this could happen because the ongoing depreciation of the dollar is making it more and more unattractive to its main trading partners.

china has actually increased its trade with many african countries and therefore the chances of china deciding to dump the dollar once and for all are looking more and more likely once china does this other countries will follow suit and there will be a blind panic by almost every country with significant dollar holdings to rid themselves of them.

investors have also demonstrated thier lack of confidence in dollar denominated investments by switching to buying other currencies or buying gold - the chinese are buyign huge amounts of gold.

the above facts are clear indications that the US economy is on its death bed but if you want to keep living in cloud cuckoo land thats your prerogative but im not suprised by your attitude as most nigerians are only able to function by living in denial.

If you want me to engage in any further discussion with you on this topic, you will need to cite articles and/or link to numbers to back up your assertions. So far, all I’ve seen is just your opinion colored by your disdain for US.

I seem to remember arguing with you awhile ago about work after law school. You should know better that you can’t just make claims without citation, and you also can’t just present your opinions as facts.

Back up your outrageous claims with a credible source to bolster your arguments and I'll respond to them.
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by Wallie(m): 4:44pm On Nov 21, 2011
cap28:

I beleive the nigerian govt are being set up for a takeover by Boko Haram which i beleive is being funded and armed by the CIA.

Why is the US doing this? - because nigeria is turning away from trade with the US in favour of China - recently nigeria converted 10% of its foreign reserves into the remnimbi - this startled the US - nigeria's central bank governor Lamido Sanusi even went as far as saying that nigeria may explore the possibility of selling its oil in exchange for the remnimbi and not the US dollar - the nigerian govt are covertly trying to dump the dollar because they can see that the US economy is about to collapse but the US will not take this without a fight - every oil producing country that has tried to escape US economic domination by looking for much more favourable trading partners end up being destroyed : Iraq and Libya are two recent examples.

https://www.nairaland.com/nigeria/topic-756708.0.html

I guess you spoke too soon? Care to retract your statements?

By Omoh Gabriel, with Agency report
LAGOS — THE Central Bank of Nigeria, CBN, Governor, Mallam Sanusi Lamido Sanusi, has said the apex bank has reached the desired degree of stability for the naira and does not have a cause to be concerned over inflation due mostly to recent stability in its core components.

This implies that the CBN may have gone back on its plan to devalue the naira.

Speaking before the bank’s monetary policy committee meeting yesterday, Sanusi told Reuters that the bank might reduce its exposure to the euro and buy renminbi.

He said: “When the naira reached N167 to the US dollar in October, every currency was going through a crisis. Now, we have retraced that. We have created the stability that we needed. We have stopped the panic” in an interview on the sidelines of a conference in the Moroccan city Tangier.

Asked if the CBN has reached the desired degree of stability for the naira, Sanusi said: “I think we have and I think that within the next few days you might hear an announcement on what the sense is.”

Inflation rose to 10.5 per cent in October from 10.3 per cent in September, but Sanusi said a breakdown of month-on-month numbers shows that “inflation has come down on all three components: headline, core and food inflation.”

According to him, “year-on-year, core (inflation) hasn’t increased which has not been the increasing trend seen in the past. Month-to-month (inflation) has been moderating and core (inflation) is also not increasing (which) would suggest that as far as non-structural components are concerned at this moment … we don’t have a cause for concern.”

Sanusi also said the CBN might reduce its exposure to the euro currency, saying: “We have not increased (exposure to the euro) since the crisis started in Europe. We have held [i]more [/i]and more U.S. dollars. We have missed the train on the Swiss franc; I wish we had gone in earlier. I think we missed the train.

“But we are trying to move some into renminbi and while we move some dollars we will probably move more euros, more out of the euro.”

Asked if this meant arbitrage deals to the detriment of the euro, Sanusi said: “Most likely.”

Sanusi is not as concerned about the euro currency as he is about the fortunes of European economies. “If they go into a deep recession, it is likely to affect commodity prices and with that the price of oil and then it will come with difficulty for us in terms of the fiscal position of the government, the reserves positions and the exchange rate,” he said.

The bulk of Nigeria’s oil exports go to the United States, Sanusi said. “The United States and Europe together account for about 80 percent or more. What we export to China and African countries is probably about 20 per cent.”

Sanusi reckoned that any crash in oil prices from a potential recession in Europe would not be as acute as it was in 2008.

“The (oil) market is a little bit tight at the moment. Libya will take time to get back on stream , Iraq is back on stream … The market seems to be driven by fundamentals. So the crash in the oil price, in the event of a recession, is not likely to be as steep as it was in 2008 for example.

“There would be a decline in demand but the supply condition is also tight … I think there would be a collapse if there is a recession but it will not be anywhere near what we have seen in 2008.”


http://www.vanguardngr.com/2011/11/sanusi-retraces-devaluation-plan-says-naira-at-desired-stability/

https://www.nairaland.com/nigeria/topic-807778.0.html


So much for the US going bust!!!
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by violent(m): 5:35pm On Nov 21, 2011
china and japan are the largest holders of US treasury bills and both countries can decide to sink the US economy by unpegging their currency from  the US dollar and looking for alternative markets to sell their goods to.  there is a real possibility that this could happen because the ongoing depreciation of the dollar is making it more and more unattractive to its main trading partners.

china has actually increased its trade with many african countries and therefore the chances of china deciding to dump the dollar once and for all are looking more and more likely once china does this other countries will follow suit and there will be a blind panic by almost every country with significant dollar holdings to rid themselves of them.

Which world are you living in?

If China dumps the dollar, then China is dead!. . .the concept of too big to fail applies. If you are owing a bank 2 million, then the bank can afford to muscle you around a bit, but if you are owing a bank 1.5 trillion dollars, the value of China's debt, you can be sure of a mutually assured destruction if your bank makes as much as a whimp!

The US lost its triple A rating a few months ago and yet US the US treasury Yield curve is still as upward sloping as ever, wonder why?  ---duh! because investors worldwide still see the US treasuries as a safe haven.

The US may be carrying huge deficits, no doubts, but the truth is millions and thousands of businesses have direct or indirect links with the United states economy.  If the US sneezes, the world catches cold!!!. . .if China sneezes, no one is bothered, we can simply buy our cheap goods and outsource our businesses to India!. . .If the US deliberately defaults on Chinese treasuries and restricts importation of Chinese goods, China will hurt, and badly too!


How much trade is China doing with "several" african countries?  compare this with the number of trades it's currently doing with the US?. .
Re: Cnn - Al Qaeda-linked Group Finds Fertile Territory In Nigeria: by Nobody: 6:12pm On Nov 21, 2011
This CIA must be super humans.

If they are funding and training the Boko Haramists,
Then I hav no doubt that they have been sponsoring the continuos n systematic slaughtering of the Igbos from 1966 till date.

Besides, if the CIA wants to split Nigeria, then they are doing a great job. Nigeria is a union where all the members are complaining but yet non have the balls to move towards a peaceful integration.

Am sick and tired of this CIA theory. The gun that bombed the UN builidng is a Nigrian and not an American.

If we are sure that CIA is the culprit, then the matter is a simple one: let every Nigeria shun them.

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