₦airaland Forum

Very seriously it is all about bread in Egypt ... they have no solution to feed their people, which is why the military may not even want to rule there

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Egypt might be the world tipping point showcasing the horror of out-of-control birth rates by poor people in Africa

For years now Egyptians have been living on food subsidies given to them, while multiplying babies exponentially

But Egypt is mostly desert, much farmland is ruined, and they have no viable large scale economy or industry

And if the world sends them money and food they will just have more babies

In their blind desperate fury the Egyptians are turning on each other, or on differing political groups or on religious minorities, like their 10 % Coptic Christians, or Shia or other minority Muslims

But the real problem is continually exploding over-population, by poor uneducated unemployed people, Egyptians who then mostly cut the genitals of their female children as well as circumcising the boys

Egypt is a crazy place

As it sinks into famine, the world will confront: Is there any other solution to over-population other than measures of repression and dictatorship ?

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The rest of the world seems to be able to develop the common sense to limit numbers of children ... but not Africans, no matter what.

A couple decades back, there was famine in Ethiopia, when a large portion of the 40 million Ethiopians were hungry

World poured in money and aid and food, better farming techiques etc.

Now there are 80 million Ethiopians, population has doubled in no time. And it seems there is famine again ...

Demographers are hesitantly pointing out that the last continent of population boom, is Africa, and in fact most of the next 3 billion people to be added to the current world 7 billion, will come from Africa

From Canadian journalist (Mr) Gwynne Dyer, 'The African Population Disaster':

« ... much tutting and shaking of heads over its prediction that we will be ten billion by the end of the century. But almost nobody will have the temerity to point out that this is almost entirely an African problem ...

« The United Nations Population Fund’s own numbers tell the story. Africa currently has one-seventh of the world’s people: just over one billion. But during the rest of the century, the UN agency predicts, this single continent will add an extra 2.6 billion people, more than tripling in population, while all the rest of the world adds just half a billion. ...

« If it weren’t for the African population boom, the world’s population would never exceed 7.5 billion. »

http://gwynnedyer.com/2011/the-african-population-disaster/

There isn't good news coming out of China as the Communist part is deliberately slowing down growth hence the liquidity squeeze and the flash HSBC PMI coming at below 50.

In view of the Fed's imminent tapering of QE by 2014, most hedge funds are heading towards the exit door in emerging and frontier markets since rates should start to climb in their own economies. SLS informed us that we have at least 5 Billion Dollars in "HOT MONEY" from these guys.

The key to this period is: LIQUIDITY. BUY DOLLARS LIKE CRAZY!!! The only logical way is for SLS to devalue the Naira or else we will be in for a greater shock down the road.

There isn't good news coming out of China as the Communist part is deliberately slowing down growth hence the liquidity squeeze and the flash HSBC PMI coming at below 50.

In view of the Fed's imminent tapering of QE by 2014, most hedge funds are heading towards the exit door in emerging and frontier markets since rates should start to climb in their own economies. SLS informed us that we have at least 5 Billion Dollars in "HOT MONEY" from these guys.

The key to this period is: LIQUIDITY. BUY DOLLARS LIKE CRAZY!!! The only logical way is for SLS to devalue the Naira or else we will be in for a greater shock down the road.

There isn't good news coming out of China as the Communist part is deliberately slowing down growth hence the liquidity squeeze and the flash HSBC PMI coming at below 50.

In view of the Fed's imminent tapering of QE by 2014, most hedge funds are heading towards the exit door in emerging and frontier markets since rates should start to climb in their own economies. SLS informed us that we have at least 5 Billion Dollars in "HOT MONEY" from these guys.

The key to this period is: LIQUIDITY. BUY DOLLARS LIKE CRAZY!!! The only logical way is for SLS to devalue the Naira or else we will be in for a greater shock down the road.

There isn't good news coming out of China as the Communist part is deliberately slowing down growth hence the liquidity squeeze and the flash HSBC PMI coming at below 50.

In view of the Fed's imminent tapering of QE by 2014, most hedge funds are heading towards the exit door in emerging and frontier markets since rates should start to climb in their own economies. SLS informed us that we have at least 5 Billion Dollars in "HOT MONEY" from these guys.

The key to this period is: LIQUIDITY. BUY DOLLARS LIKE CRAZY!!! The only logical way is for SLS to devalue the Naira or else we will be in for a greater shock down the road.

Hedge funds are pulling money from emerging markets. Buy DOLLARS to save your cash from an upcoming Naira devaluation

Hedge funds are pulling money from emerging markets. Buy DOLLARS to save your cash from an upcoming Naira devaluation

Hedge funds are pulling money from emerging markets. Buy DOLLARS to save your cash from an upcoming Naira devaluation.

Shortly after the DEBKA aired a special video on the Syrian war’s widening circle, Moscow announced Wednesday June 26, that the evacuation which had begun Friday of all military and diplomatic personnel from Syria was now complete, including the Russian naval base at Tartus.

“Russia decided to withdraw its personnel because of the risks from the conflict in Syria, as well as the fear of an incident involving the Russian military that could have larger consequences,” said a defense ministry official in Moscow. He stressed that a 16-ship naval task force in the eastern Mediterranean remains on post and arms shipments, including anti-air weapons, would continue to the Syrian government in keeping with former contracts.

In another sign of an impending escalation in Syria, the Israeli Golan brigade staged Wednesday an unannounced war maneuver on the Golan, attended by Prime Minister Binyamin Netanyahu and top army chiefs. In London, Prime Minister David Cameron called the government’s National Security Council into session in Downing Street on Syria. Opposition leader Ed Milliband was invited to attend the meeting, a custom observed only when issues of the highest security importance are discussed.

Earlier Wednesday, debkafile carried the following report in its special video presentation under the heading: Putin and Obama cross swords on Syrian. What Next?

The sullen confrontation between Presidents Vladimir Putin and Barack Obama at the G8 Summit in Northern Ireland last week condemned Syria to five months of escalating, unresolved vicious warfare – that is until the two leaders meet again in September.

For now, tempers are heating up between Washington and Moscow on Syria and other things too, notably the elusive American fugitive Edward Snowden.
US and Israeli intelligence watchers see the Syrian crisis entering seven ominous phases:
1. A five-month bloodbath centering on the battle for Aleppo, a city of 2.2 million inhabitants.

The Syrian army plus allies and the fully-mobilized opposition will hurl all their manpower and weapons into winning the city.

Military experts don’t expect the rebels to hold out against Assad’s forces beyond late August.

2. Neither side has enough manpower or game-changing weaponry for winning the war outright.

That is, unless Presidents Obama or Putin steps in to retilt the balance.

3. The US and Russia are poised for more military intervention in the conflict up until a point just short of a military clash on Syrian soil – or elsewhere in the Middle East. US intelligence analysts have judged Putin ready to go all the way on Syria against the US - no holds barred.
The Russian president is meanwhile deliberately goading Washington and raising temperatures by playing hide-and-seek over the former NSA contractor Edward Snowden, charged with espionage for stealing and leaking classified intelligence. At home, he is considered variously as a traitor and a brave whistleblower.

For several hours Snowden vanished between Hong Kong and Moscow – until the Russian president admitted he was holed up in the transit area of Moscow airport and would not be extradited by Russia to the United States.

4. Iran, Hizballah and Iraq will likewise ratchet up their battlefield presence.

5. A violent encounter is building up between Middle East Shiites flocking to Syria to save the Assad regime alongside Russia, and the US-backed Sunni-dominated rebel forces.
It could scuttle the secret US-Iranian negotiating track on its nuclear program, which was buoyed up by the election of the pragmatic Hassan Rouhani as President of Iran.

6. The Geneva-2 Conference for a political solution for the Syrian crisis is dead in the water. Moscow and the US are divided by unbridgeable issues of principle, such whether Bashar Assad should stay or go and Iranian representation.

7. So long as the diplomatic remains stuck in the mud, the prospects of a regional war spreading out of the Syrian conflict are rising. Iran, Israel, Jordan and Lebanon may be dragged in at any moment – if they have not already, like Lebanon.

Please BUY DOLLARS NOW BEFORE THE NIGERIAN NAIRA CRASHES!!!

QE is ending and bond yields are going back up, which will send the Dollar to the stratosphere.

Indian Rupee Drops To Record Low Against Dollar, Gold Crash Accelerates | Zero Hedge

Please BUY DOLLARS NOW BEFORE THE NIGERIAN NAIRA CRASHES!!!

QE is ending and bond yields are going back up, which will send the Dollar to the stratosphere.

Indian Rupee Drops To Record Low Against Dollar, Gold Crash Accelerates | Zero Hedge

"I fully agree with General Washington, that we must protect this young nation from an insidious influence and impenetration. The menace, gentlemen, is the Jews. In whatever country Jews have settled in any great numbers, they have lowered its moral tone; depreciated its commercial integrity; have segregated themselves and have not been assimilated; have sneered at and tried to undermine the Christian religion upon which that nation is founded by objecting to its restrictions; have built up a state within a state; and when opposed have tried to strangle that country to death financially, as in the case of Spain and Portugal.

"For over 1700 years the Jews have been bewailing their sad fate in that they have been exiled from their homeland, they call Palestine. But, Gentlemen, should the world today give it to them in fee simple, they would at once find some cogent reason for not returning. Why? Because they are vampires, and vampires do not live on vampires. They cannot live only among themselves. They must subsist on Christians and other people not of their race.

"If you do not exclude them from these United States, in this Constitution in less than 200 years they will have swarmed in such great numbers that they will dominate and devour the land, and change our form of government, for which we Americans have shed our blood, given our lives, our substance and jeopardized our liberty.

"If you do not exclude them, in less than 200 years our descendants will be working in the fields to furnish them sustenance, while they will be in the counting houses rubbing their hands. I warn you, Gentlemen, if you do not exclude the Jews for all time, your children will curse you in your graves. Jews, Gentlemen, are Asiatics; let them be born where they will, or how many generations they are away from Asia, they will never be otherwise. Their ideas do not conform to an American's, and will not even though they live among us ten generations. A leopard cannot change its spots.

"Jews are Asiatics, they are a menace to this country if permitted entrance and should be excluded by this Constitution."
Benjamin Franklin

we live in interesting times

Hopefully this huge war in the Middle East should help to raise oil prices in the short term and give GEJ A huge war chest for 2015.

The battle for Syria is a battle to get a pipeline through Syria and Turkey to Europe from Qatar and thus removing the almost complete dependence of European energy needs from one source: the old enemy RUSSIA.

However, Russia does not want this pipeline to see the light of day and are very enraged at the use of tactical nukes by the IDF for their last bombing campaign in Damascus.

Unfortunately, the air defense batteries called S 300 that Russia has trained Syria to use and about to deploy is so potent and accurate even at long range that it can give Syria control of the skies over Turkey and a huge part of Israel. For those of all who know about air power, missiles are more effective to downing planes except the new F22 Raptors and the Israeli fleet is mainly made up of customized F15 and F16 with data jamming software.

To prevent this scenario, Israel has vowed to shoot down the missile defenses before they are set up which will put them in direct confrontation with the Russians since a strike may take out active serving Russian military advisers.

I pray and hope that the God of Israel will not allow Henry Kissingers prophecy that they will be no Israel in 10 years to come to pass( time remaining 8years)

Now okonjo iwealla has confessed that the country is in trouble

http://premiumtimesng.com/news/138723-exclusive-okonjo-iweala-opens-up-says-nigeria-economy-in-danger.html

“Foreign investors are dumping bonds,” one dealer told Reuters, adding that bond prices shed N11 in one week.

The dealer said the sell-off had hurt the naira and panicked domestic funds, adding that it had triggered a shift to stocks which have gained over 40 per cent so far this year. Demand for Nigerian assets has been hurt by “weak data from China signalling a slowdown for emerging markets and the risk that the United States could reverse its stimulus earlier than previously thought,” Standard Chartered Bank's Head of Research for Africa, Razia Khan said.

Much of the money pumped out by major central banks to stimulate their economies had found its way into emerging markets as investors sought higher returns.

Last Friday, the naira eased to its weakest level in almost 10 months, owing to strong demand for the dollar from offshore investors selling bonds. The local currency closed at N160.10 naira per dollar on Wednesday as against Tuesday's value of N159.55, while stocks shed 2.75 per cent.

“The central bank has been intervening with no real impact because (dollar) demand has been huge as investors exit bonds,” a Nigerian currency dealer said.
The central bank had sold $300 million at an auction on last Wednesday at N155.75.

The Emerging Market Strategist at Standard Bank, Samir Gadio said: “The downturn in emerging debt and forex reflects concerns over the future of the federal reserve's massive quantitative easing programme.”
However, dealers noted that the 10-year benchmark bond had been worse hit because jittery investors were switching from long-term maturities for cash and treasury bills.

http://www.ngrguardiannews.com/index.php?option=com_content&view=article&id=124375:nigerias-crude-oil-production-slides-in-may&catid=31:business&Itemid=562


NIGERIA'S crude oil production declined from the 1.923 million barrels per day (bpd) it recorded in April to 1.902 million bpd in May.

The Organisation of Petroleum Exporting Countries (0PEC) disclosed this in its monthly report released on Tuesday.

According to OPEC, total crude oil production from member countries averaged 30.57 mbpd in May, representing an increase of 106 thousand barrels per day (tdpd) over the previous month.

It noted however that the increase came mainly from Saudi Arabia, Angola, and the UAE, while crude production from Iran, Libya, Iraq, and Nigeria declined. “OPEC crude oil production, not including Iraq, stood at 27.45 mbpd in May, up 128 tbpd from the previous month”, it added.

It adds up to a nightmare scenario for the group. China, Russia and other countries are taking early steps to emulate the North American unconventional oil boom of recent years, which has the U.S. on track to overtake Saudi Arabia as the world’s largest oil producer. Some key OPEC members, meanwhile, are eager to pump as much as possible to bring in badly needed revenue, rather than restrain output as part of any concerted effort to add upward pressure to prices.

The risk is that such a scenario leads to cutthroat competition and a flood of oil in global markets, triggering a plunge in prices that could threaten the economic and political stability of its member nations.

“There’s a storm brewing on the horizon,” said Greg Priddy, an analyst with Eurasia Group, a Washington-based political risk firm, “You are looking a year or two out before it becomes acute. But that is the direction we are headed.”

Despite the bluster from the biggest names in the 12-nation group that supplies a third of the world’s oil, however, it is clear the Organization of Petroleum Exporting Countries is getting nervous, and experts are questioning how long the cartel can act together to hold sway over global oil prices.

At the meeting, where the group kept its production ceiling of 30 million barrels a day, it also took the revealing step of forming a committee to study the impact of the hydraulic fracturing and horizontal drilling. The technology is propelling North America toward energy self-sufficiency and may spread to other countries with their own shale oil prospects.

“It is a great concern for us, even if we do respect the integrity of the U.S. to be self-sustainable in terms of oil and gas,” said Nigerian Oil Minister of Petroleum Resources Diezani Alison-Madueke, whose country is among the most affected in terms of the loss of exports to the United States.

More than 50 years after it was created to wrest economic power from the major oil companies, the OPEC oil cartel finds itself at risk of losing its dominant role in the global oil market. The group is increasingly competing with new oil sources that are starting to chip away at its share in previously secure markets, while a shaky global economy keeps demand for oil at bay. Also troubling for OPEC as it looks to protect oil prices: One key member, long-suffering Iraq, is aiming to dramatically increase production and flex its muscles again as a major exporter.

The Federal Executive Council may approve the scrapping of 220 out of 541 federal parastatals, commissions and agencies by the time it concludes discussion on the draft White Paper on the report of the Stephen Oronsaye-led Presidential Committee on the Rationalisation and Restructuring of Federal Government Parastatals, Commissions and Agencies, which it started on Wednesday.

Special Adviser to the President on Media and Publicity, Dr. Reuben Abati, told journalists at the end of the meeting presided over by President Goodluck Jonathan that the council began a review of the draft White Paper produced based on the report.

This confirmed The PUNCH’s exclusive report on Monday that work had been concluded on the White Paper and that it was ready for presentation to FEC for deliberation.

Abati was joined at the post-FEC press briefing by the Minister of Agriculture, Dr. Akinwunmi Adesina; Minister of Water Resources, Mrs. Sarah Ochekpe; and the Minister of Mines and Steel, Mr. Mohammed Sada.

The presidential spokesman, who said there was no cause for anxiety in the government’s bid to restructure for efficiency, said a White Paper Drafting Committee set up by the President accepted only 321 out of the 541 federal parastatals, commissions and agencies considered by the Oronsaye committee.

“The Oronsaye Committee considered suggestions, recommendations from different quarters and in total, that committee looked at 541 federal parastatals, commissions and agencies. The white paper drafting committee, out of that, accepted 321; noted some recommendations and rejected some,” the presidential spokesman said.

The real reason for the slash in the number of federal parastatals and lack of liquidity in the country is due to an upcoming Oil Shock. The US Treasury yields will soon rise to 4% with the tapering of Quantitative easing and once there is a rise in the bond yields in the US all funds withdraw money substantially from peripheral emerging markets to invest back in the safer more yielding bonds in the States.

This can also affect commodity prices leading to Crude Oil crashing to about $50 per barrel as it will immediately trigger a recession. With our current account deficit, and depleting accrual from crude oil due to bunkering, we are in the eye of the gathering storm.

This is the reason Okonjo Iwealla is tightening the belt of the economy just before we see real disarray, bankruptcy and economic upheaval.

http://www.arabianmoney.net/us-stocks/2013/06/12/are-emerging-markets-on-the-cusp-of-an-enormous-crash-led-by-china/

http://rt.com/usa/anonymous-leaks-prism-nsa-docs-395/

Hackers affiliated with the Anonymous collective have leaked a US Department of Defense memo relating to the PRISM program, revealing that the National Security Agency has secretly gathered intelligence on millions of Americans for years.

The hacktivists, who have long sought complete transparency online and elsewhere, published a total of thirteen documents, one of which outlines the US government’s “NetOps Strategic Vision” for monitoring the Internet.

The documents are mostly pulled from 2008, just after when the government reportedly began using PRISM to mine servers at technology companies including Microsoft and Yahoo. An NSA slideshow published Thursday by the Guardian and the Washington Post reveals the intelligence community first gained access to Google in January of 2009 and Facebook in June of the same year.

“NetOps will transform along with the Global Information Grid to dynamically support new warfighting, intelligence, and business processes and enable users to access and share trusted information in a timely manner,” one document states.

“The future Global Information Grid will result in a richer Net-Centric information environment comprised of shared services and capabilities based on advanced technologies."

Unfortunately the moderators feel nairalanders don't have the adequate minimum IQ to comprehend such news that affects every aspect of our lives as we now move online. I am content with it being were it is for the truly discerning. They have got us all figured out and there is really nothing we can do about it.

William Hague said it succintly when he said the spying is legal and if you have nothing to hide you should not be afraid of invasion of your privacy. Welcome to 1984, George Orwell was a true prophet.

As strong as those beliefs are, there still remains the question: why did he do it? Giving up his freedom and a privileged lifestyle? "There are more important things than money. If I were motivated by money, I could have sold these documents to any number of countries and gotten very rich."

For him, it is a matter of principle. "The government has granted itself power it is not entitled to. There is no public oversight. The result is people like myself have the latitude to go further than they are allowed to," he said.

the election of Barack Obama in 2008 gave him hope that there would be real reforms, rendering disclosures unnecessary.

He left the CIA in 2009 in order to take his first job working for a private contractor that assigned him to a functioning NSA facility, stationed on a military base in Japan. It was then, he said, that he "watched as Obama advanced the very policies that I thought would be reined in", and as a result, "I got hardened."

The primary lesson from this experience was that "you can't wait around for someone else to act. I had been looking for leaders, but I realised that leadership is about being the first to act."

Over the next three years, he learned just how all-consuming the NSA's surveillance activities were, claiming "they are intent on making every conversation and every form of behaviour in the world known to them".

By 2007, the CIA stationed him with diplomatic cover in Geneva, Switzerland. His responsibility for maintaining computer network security meant he had clearance to access a wide array of classified documents.

That access, along with the almost three years he spent around CIA officers, led him to begin seriously questioning the rightness of what he saw.

He described as formative an incident in which he claimed CIA operatives were attempting to recruit a Swiss banker to obtain secret banking information. Snowden said they achieved this by purposely getting the banker drunk and encouraging him to drive home in his car. When the banker was arrested for drunk driving, the undercover agent seeking to befriend him offered to help, and a bond was formed that led to successful recruitment.

"Much of what I saw in Geneva really disillusioned me about how my government functions and what its impact is in the world," he says. "I realised that I was part of something that was doing far more harm than good."

He said it was during his CIA stint in Geneva that he thought for the first time about exposing government secrets