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- Investment - Nairaland

Nairaland ForumNairaland GeneralInvestment (463 Views)

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by IAmHim1(op):
Re: by Absuchat(m): 5:48am On Aug 19, 2024
Ok
Re: by imagrg(m): 6:13am On Aug 19, 2024
What about money purportedly gotten via ritual?
Re: by SocialJustice: 6:52am On Aug 19, 2024
It is common economic sense. The money does not have to be printed, as long as there's more money than goods and services in the economy, inflation happens.
Re: by caye(m): 7:26am On Aug 19, 2024
If the world doesn't go back to the gold standard, economic collapse will happen.
The beauty is that a new economic order will emerge.
That's why they are rushing to mine out Africa's gold, and why West Africans are being killed for the sake of the gold.

West Africa is the land of gold, and possible area of confrontation btw the Chinese, Arabs and the west ( spearheaded by France).
The plan is to make we the native melanated ppl, the losers.

Let's call on our Creator. These strangers can't turn us to losers. We will will this war.
Re: by IAmHim1(op):
Re: by IAmHim1(op):
Re: by IAmHim1(op):
Re: by IAmHim1(op):
Re: by IAmHim1(op):
Re: by caye(m): 1:07pm On Aug 19, 2024
IAmHim1:
The world went out of gold standard BECAUSE THE GOLD STANDARD IS SLOW compared to human production capabilities.

Fiat money encourages people to produce because they sure as hell are gonna be rewarded when the money goes round. But with a scarce gold that is hard to mine and also heavy to carry around....mehnnn embarassed

whatever your economics teacher tells you apart from this is bullshit

Humans produce goods and services FASTER than gold can be mined

That would give more power to gold producing countries shocked


America had to act fast after discovering this grin and that's why Nixon was directed to take the country off the gold standard: the receipts for gold deposits was plenty than the actual physical gold deposits

Abracadabra shocked grin

Strings and puppets
So, the gold standard that was used for over 5000 yrs, and even at the ht. of the European and American industrialisation from 1780s- 1950s , suddenly became unusable for a producing economy?

Hope you know that white ppl are the greatest liars on earth ?

The reason for kicking out the gold standard was for America to wage endless wars all over the world, and cheap resources coming from the mineral-resource owner countries. Their military backs up their money, that's why!

The white supremacists always tell a lie to deceive Africans, because they always say , " Those black ppl have the mentality of a child. We are their guardians".

If America prints more dollars than the physical gold in their vaults, who's going to arrest them? And if you start campaigning that ppl shouldn't use the dollar in international settlements again, suddenly you are either dethroned through coup or murdered.

But their reign is gradually closing. America is still strong, but it's rotting from within. And mighty will be the fall of America and the European world order. Amin.
Re: by IAmHim1(op):
Re: by caye(m): 5:05pm On Aug 19, 2024
IAmHim1:
What tools for production did Man have during 1780-1950?

Can you compare that then to what we have now...and the potential of what we have to create in the future

THERE IS NOT ENOUGH PHYSICAL GOLD TO MATCH THE GOODS THAT WILL BE PRODUCED NOW AND IN THE FUTURE

Hmmm. Closely looking at you
I really appreciate your reply.
I'll take time to look again into your point of view and properly digest them, so as to understand fully your views.
Thanks.
Re: by IAmHim1(op):
1 Reply

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