₦airaland Forum

DoctorStanley:
OK, let's put it another way so you'll understand.
What is Bitcoin backed by?

In 2010 1 bitcoin was worth zero, now same EXACT bitcoin is worth $110,000

DoctorStanley:
Get some education below

DoctorStanley:
The statement starts with "IF". Just as IF we all go to the Cental Bank to redeem our IOU's (Naira), they'll be in trouble!

DoctorStanley:
The 1000 naira note in your pocket is only a piece of paper - it is a note, an IOU, saying the Central Bank OWES you N1000!!

DoctorStanley:
Why didn't they dump them all? What.stopped them?
It is like saying the Central Bank owes Dangote 100 billion Naira!

DoctorStanley:
Exactly what I'm saying. What did you call them - US BONDS! Even if US begs to pay them they'd refuse

DoctorStanley:
Pay what money back? Money they owe themselves

FreeStuffsNG:
If you devote the time you use to insult people to getting real education, you will benefit greatly. You are completely ignorant about national debt in relation to deficit/surplus.

Below is the history of their national debt and surplus.
Obama who came right in the middle of global meltdown crash and ruled for 8 years added $9 trillion while Trump, who inherited a recovered US economy in terms of deficit from Obama era , ruled for 4 years added almost same amount of a whopping $7 trillion!

On deficit, USA, reached its worst deficit under same Trump. For 4 years, he was practically borrowing , adding almost zilch to their economy and completely reversed all the recovery Obama made!

And in just few months and less than 1 year, he has added $2 trillion to the debt he inherited.

Skydivine:
Just one cough from the President and the debt will be wiped out. They are just paying to show maturity.
I love the USA.
Think about this, if you claim they don’t have money , how were they able to bail out Argentina with over $40b last week?

FarahAideed:
Most of the debt is actually internal debt and not the type of Debt Tinubu govt owes ..the US does not go around borrowing from countries like APC govt does ... most of it are just IOUs to U.S. banks, pension funds, insurance companies, and even the Social Security Trust Fund that hold Treasury bonds.

For example the 780bn US owes China is Treasury bonds the Chinese bought to stabilize their local currency...dont allow any APC data boy mislead that the Americans are owing more than Tinubu 😂😂😂

Jeezuzpick:
I doubt if he will ever find a woman who will really love him.

I'm sorry if I sound callous, but it is what it is.

Women love money. A guy with money is just along for the ride. He just happens to be attached to the money. Dasall!

DomPerignon:
It was at this very moment, Kanu knew he fckedup

airsaylongcome:
Large

Brendaniel:
How does that stop freedom of speech? read again..

Hateful conduct: The platform has specific policies against hateful conduct, which includes the use of symbols associated with hate groups and imagery that depicts others as less than human, as described in the X Help Center.

Symbols and imagery, didn't I write on this before?

Brendaniel:
Does that stop freedom of speech?

RenoOkriTheGoat:
The people who claim Lagos is their state actually migrated from Yoruba states. Accept the truth you paid agent.

Ojuntana:
All these figures are not reliable
People generally shied away from census in the colonial period

Nwaikpe:
But it is clear that everyone there was from different places.
Meaning there is absolutely nothing like "Lagosian" but a confederation of people from different places.


Abi you decided to overlook the stats and just make a comment?

Winnin009:
Do you know how many more socials replace it?!

Smart by half.

Winnin009:
Do you know how many more socials replace it?!

Smart by half.