₦airaland Forum

plaindealer:
It's even sad that you reduced Russia's status to a Pariah status like North Korea.

Sadly for you, life in North Korea is hell on earth, a country where people are hungry and basically leaving an almost medieval lifestyle because of crippling sanctions.

I don't think you want to go and live in NK, I dare you.

Back to Russia, Russia's case is more serious than North Korea's because its total global isolation and not just economic and financial isolation.

Russia is totally banned from global social and cultural events, sports events like FIFA soccer, Olympics, and so on.

Russia is in deep trouble, you just don't know, but you will in the next few weeks and months when Russians start lining up on the side of the street for bread and food rations.

That's how the west f00l you into thinking that you can't survive without premiership, world cup, and Olympics. How many times have you seen India or China in World Cup? Are both countries not doing fine today?

Don't bother relocating. The cost of relocation (i.e. moving your property from one place to another) and agency cost will wipe off whatever amount you intend to save in 2-3 years.

It pays to stay where you are and keep pushing. As a married man, your one month earning should be able to cover 90-100% of your annual rent, if you value your peace and sanity.

I wonder why it took you so long though to realize that your income is too low to run a home. You had triplets??

emmaodet:
You are right bro.

Countries dealing with each other will be very complicated because the country nigeria is selling most of it's products to is not the main country we import from. So to make trade less complicated, we all need to have a central currency we all will use among ourselves to balance trade but that shouldn't have been dollars because it is a fiat money (invariable useless and can be printed at anytime). it should have been GOLD.
A natural reliable product that can't be reproduced by anyone. It is just like navigation or sailing, the natural reference point for taking positions in the olden days are both the sun and moon. The are natural, they won't or can't fail you.
Before 1971, dollars and all world currencies were pegged to gold and that was why our naira was so strong. It was 50k to a dollar or #1 to $2 but the american know that if we continue on that trend, it is just a function of time, most countries will overtake them economically and also, they won't have been able to sponsor so many wars and currency manipulations they are doing now.
The use of the dollar as a major reserve is not good for most countries because it makes the US very very powerful and not only powerful but very very dangerous.
As it is, the US doesn't need to force nigerian govt. physically to do their billing, all it takes is freeze their reserve and we all here are totally fvcked. That is too much power in the hand of another country. Basically, most countries balls are in their hand to squeeze at anytime they wish.

Exactly. People don't want to see or rather acknowledge the truth. In their defence, they would rather have the U.S. hold so much power than have China, Russia, or any of these Middle East countries become the world power. The fact is that no country should be allowed to hold too much power at the detriment of others, whether it is China or the U.S.

It's funny how people think that the term "absolute power corrupts absolutely" does not apply to the U.S.

The U.S. definition of human rights is restricted to same-sex marriage. It excludes any economic fundamentals that will give other countries an edge over the U.S.

chigo4u:
Again this would never happen, any shift from oil would also move to tech/electric that will still be dominated by US dollar . Most iPhones today produced in China and yet does not affect dollar dominance. You people should just stop the propaganda, dollar will still dominate in our lifetime. Even bitcoin is traded with dollar

What propaganda? That Petrodollar is gradually fading or the fact that some oil producing countries are beginning to trade oil in their own currency?

Even Nigeria considered a currency swap deal with China at the onset of Buhari administration.

Also, the technology market does not operate like the oil sector, where the U.S./OPEC rules.

How can you determine the contract cost without proper valuation? No bill of quantity from the supposed upholsterer?? No tendering?? You determine what you want and fix the cost all by yourself? Is this how you people run your motivational contracts now?

The way motivational writers and speakers deceive people with the word "contract" sha. What they don't tell you is that you can actually win a 1 billion naira contract and run at loss. That N15 million contract can cost you N25 million to execute.

Don't be easily triggered with words like contracts, sales, and revenue.

Labadi69:
Who be this one wey dey yearn okpata? Go and read up on how USD became the number one reserve currency of the world before opening your mouth. Or else strong yamayama go nack that your bald head. It has nothing to do with oil

I don't discuss economic matters with motor park touts who found their way to the cyber space. Get the fck off my mention!

shadrach77:
Only few of them like Macaroni and Taaooma are making money but even then I doubt they are making that much. 500k for a single post? For 9ja abi where?

Sponsored post is just one of the several revenue channels.

Taooma wey dey charge 1.5-2m for 3-5 minutes ad and that's just one of the revenue streams. She makes millions off YouTube and Facebook. Mind you, these folks also run side gigs/hustles. Some of them are into real estate, food service, media, etc.

Do you even know what it takes for someone to create content for you, edit, and post on all his/her social media page: Twitter with 500k followers, IG (2million), Facebook (4 million followers)??

chigo4u:
Sorry this will never happen. Dollar will still remain world currency for a long time to come, the propaganda against US and dollars is just emotions, we’ve been hearing for long time. Us will still dominate in our lifetime

Anything can happen. Dollar is #1 because of oil deal.

The developed world will eventually dump oil. Most of these countries plan to dump combustion vehicles before 2030. Countries like the UK and the Netherlands will be placing a ban on combustion vehicles by 2030 to create room for the likes of Tesla.

Mind you, the U.S. has already lost its competitive edge on green energy to China. With more than 40% of electric vehicles, solar energy, and inverter engines in the world coming from China, the power of the U.S. dollar is only going to last a few years.

If green energy won't terminate the U.S. currency hegemony, Bitcoin would.

pizapato:
The issues is not whether the world is done with dollar as a global reserve currency or not. The argument is naira maintaining a fair value against $,€, £ over a period of time.

Whether dollar loses its value as the global reserve currency or not, naira is not appreciating against it any time soon. If I want to keep the value of my money and still experience some appreciation without stress, I will rather keep the money in either $,€, £ instead of investing in Treasury bill or MMF.

If I want to hold naira, I will put it in equities where it can have 50% appreciation if the odds favour me

The Naira won't appreciate so long as we depend on dollars for all international transactions.

China is Nigeria's #1 import partner. Almost 80% of items/gadgets in our homes (from mobile phone to kitchen utensils, TV, window blinds, wall clocks, fabrics, etc) were imported from China, yet you need the US dollar to buy from China. This is the greatest problem. This is why your bank told you that you cannot spend more than $20 a month since everybody needs the dollar.

Dollar scarcity drives inflation. I know the common argument is to say that we do not earn enough Forex dollar but that again does not make sense. The same China, Brazil, the Netherlands, and Spain are our largest export partners. In an ideal setting, we have no business with the U.S. dollars. If the Chinese's Yuan is scarce, people with South Korean currency should be able to travel and bring in their goods without inducing crazy. black market prices of the U.S. dollar.

Like every other economy/currency in the world, the dollar also suffers from inflation, so we are technically struggling in two ways.

uniquetechng:
Being the biggest exporter is different from being the bihgest producer, USA is actually the biggest producer of has in the world .

His arguments are valid. The U.S. being the highest producer is not a big deal. Your production is only valid if you have enough to serve your population, as well as the international market. This is where Russia has an edge over the U.S.

Population wise, the U.S. is 3x bigger than Russia. So how exactly is U.S. production size better than Russia's production capacity?

With a population of less than 400 million people, the U.S. consumes more gas than China - a country of 1.4 billion humans. That consumption rate is too high.

You mean Russian soldiers took to the streets and killed 300 civilians after 5 weeks of invasion?

paramboos:
Tinubu age mate. Okooo...

Lol Tinubu is definitely 80+

Pastor Adeboye is 80.

What is PDP? Go and arrest PDP and get your money.

EFCC should roast his ar.se if found guilty.

Osho baba ruined his political career. He had everything to become the president or vice president of this country. Northerners used to like him, speaks Hausa fluently, former NLC chairman, he's a southerner and many southerners love him, a former governor, etc etc. Petty politics and corruption ruined him.

johnmba:
one day your money will disappoint you.

You said one (1) day. What about the other days?

Our definition and interpretations of "faithfulness" differ.

Men largely want a woman who would remain loyal to one man, have one sexual partner, one confidant, etc. That's a man's first and utmost priority in any relationship.

A woman's first desire is a man who would provide, protect, and be a father to her children. So if the cheating spouse is still meeting the woman's utmost needs (provision) in the relationship, she's likely going to remain.

Mind you, there are exemptions to this logic. A man who's out there to defraud a woman or sugar mummy would also not care whether she sleeps around so far as his "income" remains intact. In this case, the woman's money is the priority.

Abuja, the corruption capital of the world. The place where destinies of over 100 million people are destroyed by babariga-wearing bas.tards.

[quote author=Kobo.junkie post=111228758]I don't believe in the Bible, instead I believe in [b]God and God never mandated your marriages, nor did he command you all to lord your opinions and ideas over others. [/quote]Why are you wasting your time, @ Davemarine?? Don't you have something tangible to do with your time than argue the bible with someone who clearly made the above statement in bold??

RIP to your account in advance.

gentiles:
He is far better than Tinubu, Osinbanjo or any south westerner. I will rather have a cow as President than a Yoruba man

That's your business.

Can't the house of rep/senate guys sack this f00l?

What is sex education?

The old man will rather die a failure than resign honourably.

What do you want to do with a car in a private school? Where are you going to? Hostel to class?

AK481:
ok, how many have gotten registered in a multinational by just posting things online.companies don't buy stuff like individuals online.

don't underestimate the power of recommendation.

I'm not underestimating the power of recommendation. But recommendations can come from anywhere: someone you met online, church, classmates, etc. Unless one lives in a barrack, you're not likely to have more than 4 or 5 neighbors at a time so I don't see how your interaction or non-interaction with 4 neighbors can stand as an ultimate hindrance to one's progress in life.