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Ekwere's Posts

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BusinessRe: What Business Can : by Ekwere(m): 12:08pm On Oct 09, 2009
Naijacutee,

What is your own by deleting a reply I sent to Rawe45, he asked a question and needed and answer. why , why n why. is it because you have access to do all these rubbish? Without providing info for the person to contact me how would he do that since he did not provide his contact info huh. This is not fair at all, if I have done anything wrong inform me and not to delete my post ok.
PoliticsRe: 2011: EFCC Seeks Psychiatric Test For Aspirants by Ekwere(m): 7:39am On Sep 30, 2009
Arrant nonsense
BusinessRe: Company Registration In Ghana by Ekwere(m): 11:52pm On Sep 29, 2009
SportsRe: FIFA U-20 World Cup: Nigeria Vs Spain (0-2) On 28th September 2009 by Ekwere(m): 5:54pm On Sep 28, 2009
Bleep the ref and FIFA, let them go to hell, If I were to be the head of CAF, no African team would attend any FIFA organised competition atleast for a year to show to them that, the level of officiating is really really poor

Watch out for SA 2010, african countries going no where
CelebritiesRe: 2face Idibia Now Nafdac Ambassador by Ekwere(m): 1:24pm On Sep 27, 2009
I cry for the youth of this country, oh thou critics of Tuface Idibia, are you better than him?
if you are better in what ways are you better? The gal that called Tuface useless, is your boyfriend or husband better than him? The more you hate him, the more achievements he would continue to gather to your chagrin

2baba congratulobia, dont mind these haters, continue to do your thing and leave the rest to God alright. God bless you and I pray that, God would strengthen every crooked paths in all your ways in the mighty name of Jesus.

To the youths of this country, better stop all these nonsense wey una dey write, una dey always happy when bad things dey happen to people but if e come happen to una, una go ask God why me, e no good I don warn una

Leave Tuface alone afterall we are all human beings and do you believed that he impregnanted all the women or becos the ladies claimed so or Tuface claimed responsibilty. Some gals would say, it is Tuface because of his millions and handsomeness ok.
European Football (EPL, UEFA, La Liga)Re: Carling Cup 3rd Round : Chelsea (1) Vs Queen Park Rangers (0) ,23rd September, by Ekwere(m): 5:41pm On Sep 23, 2009
SMSguru:
Anyone that hates Chelsea is definitely a poor man.

All Chelsea haters should stop whining and face the reality.

Chelsea stands for class. Chelsea stands for champions.

Chelsea stands for cr de la cr.
na tru tak brov, ride on chelsea
BusinessRe: Property Worth N110 Million To Get Loan Of N60 Million by Ekwere(op): 5:25pm On Sep 23, 2009
ogogoro:
Is "giving out" = leasing? I think 1 year is too short a period, if the property is indeed worth N100m. That is not good business, my brother. Also, what sort of property is it? Residential or commercial? Because that says a lot about how the "leasee" can make their money back or even gain some interest on the property.
It would be on a short term leasing and like I said, it is worth N110 million naira and if on forced sale, it is worth N78 million naira, it is a commercial property in Ikeja. We need money to transact 5 serious business and all of them worth 12 million each.

Thank you,
BusinessRe: Property Worth N110 Million To Get Loan Of N60 Million by Ekwere(op): 5:18pm On Sep 23, 2009
Look it is not every post that you find in nairaland that is meant for fraud, stop that nonsense and if you dont have anything to contribute hit your head on the wall and sign out.

I said the papers are there and I can even give you address of my present office where I am working now, I work with an ISP called Swift Networks Limited in Saka Tinubu Street, Victoria Island, send a mail to tufot@swiftng.com and if the mail would bounce back but concerning this business, please send a mail to zarahservices@yahoo.com

With the present state of banking consolidation? No bank would pay attention to your property


Please be mindful of your replies to my thread, thank you
BusinessProperty Worth N110 Million To Get Loan Of N60 Million by Ekwere(op): 5:04pm On Sep 23, 2009
PROPERTY WORTH N110,000,000.00 TO GET LOAN OF N60,000,000.00

A property in Ikeja worth N110,000,000.00 is to be given out for 1 year to get a loan of N60,000,000.00 with 30% interest to be paid. On forced sale, the property is worth N78,000,000.00.

This valuation was down by a qualified Estate Valuer and the papers are ready for inspection

We need the money to transact business and would be open to SERIOUS MINDED people only, send a mail to or call 08024627500

Thank you,
European Football (EPL, UEFA, La Liga)Re: Carling Cup 3rd Round : Chelsea (1) Vs Queen Park Rangers (0) ,23rd September, by Ekwere(m): 12:44pm On Sep 23, 2009
God also bless the day I joined to support Chelsea FC, blues for life
We are winning this one again, blue is the colour, winning is our second name
PropertiesProperty Worth N110,000,000.00 To Get Loan Of N60,000,000.00 by Ekwere(op): 11:57am On Sep 23, 2009
PROPERTY WORTH N110,000,000.00 TO GET LOAN OF N60,000,000.00



A property in Ikeja worth N110,000,000.00 is to be given out for 1 year to get a loan of N60,000,000.00 with 30% interest to be paid. On forced sale, the property is worth N78,000,000.00.


We need the money to transact business and would be open to SERIOUS MINDED people only, send a mail to zarahservices@yahoo.com.

Thank you,
Christianity EtcRe: Let Us Watch Out For These Predictions-nigeria Will Break Into Three by Ekwere(op): 11:38am On Sep 21, 2009
huxley:
Oh ! How prescient! This opposition has been there since the early 90s. Great vision by the man of dog.
A-town:
Bullshit. I can make such predictions as well without naming SPECIFIC NAMES. Nonsense. Who didnt know that banks were in trouble or that oil installations will be blown or that union drivers are always fighting. Rubbish
It is the same way the doubting Thomases did and it and what was not expected befell them, spiritual things should not be taken lightly, it is the spiritual that controls the physical ok. If you are not spiritual sound hide ur ignorance alright.
Christianity EtcLet Us Watch Out For These Predictions-nigeria Will Break Into Three by Ekwere(op): 9:51am On Sep 21, 2009
Nigeria will break into three
, Prophet who predicted sack of bank chiefs
Says Yar’Adua ‘ll win 2011 election
•IBB to contest
By OLAJIIRE ISHOLA (dapo_ishola01@yahoo.com)
Sunday, September 20, 2009
•Ayodele
Photo: Sun News Publishing

* More Stories on This Section

He is fast gaining the reputation of the Nostradamus of Africa. This is because most of his predictions accurately come to pass. It was Primate Babatunde Elijah Ayodele of Inri Spiritual Home, Lagos, who early in the year predicted the tsunami happening in the banks now. He also predicted correctly the removal of the Comptroller-General of Customs and the Boko Haram religious crisis, which claimed over 1500 lives.

In his latest predictions, the cleric has said that the country called Nigeria will soon be extinct. He said the country will break up and three nations will emerge from its ashes. According to him, people of these nations will require visas to travel to the other ‘sister’ nations.

Among other predictions, which cut across politics, economy, labour and education, Primate Ayodele said President Umaru Yar’Adua will get a second term but urged Nigerians to pray against death at the seat of government, Aso Rock.

Predictions that came to pass
The Lord revealed to us early in the year the removal of the deputy governor of Bauchi State. We made a move and wrote him. When things happen in this country, I always laugh because our leaders are misled by their tin gods; people who cannot see beyond their noses. Those who will always tell you it is well when it is not. On July 19 this year, the deputy governor was removed.
We also predicted the removal of the police boss, the Customs boss and the crisis happening in some states. Aside these, we wrote some security agents that we wanted to have audience with them but they refused because they do not believe that God’s information is the ultimate. They believe they can use calculations but they always goof, forgetting that God has the final say. The religious crisis in Bauchi was predicted before it broke out. We sent letters to them but they chose to ignore the warnings. But what was the consequence? Lives were lost.

Our leaders underestimate God because they believe in their gods. If the country fails to change for the better, it would continue to experience the same problem over and over. For example, The Sun Newspaper in August reported the attempt to assassinate the governor of Yobe State and it is not yet over. The governor will not be given free hand to rule. You know we have nothing less than 50 million pastors. But how many of them are genuine?

Economy
The reforms going on in the banking sector is not over. Some Managing Directors will still go. Remember we said that some banks will crash and some MDs would be removed. The existing banks will still merge and there is going to be some problems. At the end of the day, the number of banks will be reduced. Aside re-merging, the Central Bank would still introduce some things to monitor whatever the banks are doing. Spring Bank, Unity and Diamond banks will likely be in trouble and, of course, some new banks will emerge after these operations.
Merchant banks are still coming. The new banks that will spring up will not last long; likewise some of the micro-finance banks will die prematurely. So the Central Bank is going to work seriously on it. Fidelity and Skye banks will have some problems; also Bank PHB. They will not crash but some irregularities will be detected.

The question is, will this reform rebuild our economy? No, because the Central Bank itself will into troubled waters. The Central Bank governor is going to face a lot of tough battles. Some people will move for his removal while some will plot to disorganise his plans. The economy is not going to be a hundred per cent okay. There would be a kind of continuous rumble in the banking sector. The insurance sector will also encounter problems.

I see a lot of changes coming to the NNPC (Nigerian National Petroleum Corporation). Pipeline explosions will still occur and we should be watchful about them. Fraud would be detected in the NNPC and it will face some challenges. AP, Chevron, Oando and Mobil will experience shake-up. We should pray that we don’t waste our external reserves.
Still on the economy, Globacom is going to have problems. Etisalat will not find it so easy. Nigeria should be prepared. I see a new set of telecommunication companies coming up that will overtake some of the ones we have now. There is a cloud hovering above Visafone. The company will lose most of its major staff. There will be trouble with their major masts. Multilink will also undergo reforms.
There will be increase in the price of bread. That is to say there may not be N50 bread again. Bread will be sold from N100 and above; likewise there will be increase in the price of biscuits.
Dangote needs to pray very well so that he wouldn’t lose much in his business. He needs to pray because there will be a lot of antagonists in his business. There will be problems for Zenon Oil. I don’t know how it would happen, but trouble will emerge for Zenon Oil.

Politics
Oyo State politics will be volatile. The government of the day will not find it easy because enemies will come from both sides. Aside this, antagonists will try to disorganise the plans of the present government. Adebayo Alao-Akala wants to re-contest, but it will not be easy. I see bloodshed in Oyo. If Alao-Akala is not careful, Ibadan people will fight him and raise an army of opposition against him.
Lagos State needs to pray against internal problems. There will be internal fighting against (Governor Babatunde) Fashola. A lot of politicians in the state will be disappointed. There will be efforts to replace Fashola with another person but it will fail. Fashola will run for second term and only God can stop him.
At the end of the crisis over the local governments, Lagos will have the 57 councils. The battle would be a long one but from the look of things, Lagos will win. PDP (Peoples Democratic Party) will look for a way of winning Lagos. It will come back in a big way but will have a weak candidate who will not be able to match Fashola.

The 2011 election in Lagos will be full of crisis. Edo, Bauchi, Benue, Yobe, Kaduna and Ekiti states will experience electoral crises. In Ekiti, (Kayode) Fayemi will not win at the tribunal. He should wait for another time. There will be a lot of political moves against Oni, against his second term.
We need prayers for 2011. The constitution reform process will not succeed. It will be dropped. (Ibrahim) Babangida is coming out but PDP will not allow him. Babangida contesting on the platform of PDP will not be realistic. There is going to be disorganisation in PDP towards 2011 because the Presidency issue will give them a lot of setback. There will be changes in INEC (Independent National Electoral Commission). There will be new methods in our voting system.

If Yar’Adua fails to contest in 2011, another governor will emerge as presidential candidate of PDP. Goodluck Jonathan will be robbed politically and would be disappointed even before the end of his tenure. The Presidency needs prayer that there would be no death within the Villa.
Yar’Adua is going to change his cabinet. Some ministers will be dropped between now and early next year. There will be political problems for Governor Olusegun Mimiko of Ondo State. Political tension, disorderliness is coming up in the state. Some House of Assembly Speakers will still be impeached and one SSG (Secretary to State Government) will be sacked.

The efforts of the EFCC chairperson will not be appreciated at the end of the day. I see another EFCC coming up. Additional states will not be approved now but later in the South West, South South and the North. A state might not be created out of Oyo but surely Ijebu State is coming.
Not all Senators, Reps and state legislators will complete their terms. I don’t see a sincere election in 2011.
There would be different factions in the Action Congress. Katsina and Niger governors will face stiff opposition. (Ahmed) Yerima, former Zamfara State governor, can never be president of Nigeria.

Bar Beach
Lagos State is only wasting money on the Bar Beach. The place has a lot of spiritual undertone. No matter how much effort is introduced, the water will continue to overflow its bank.

Traditional rulers
The Emir of Kano needs to pray very well. The Emir of Katsina needs prayers for God’s protection and guidance. Alaafin of Oyo will be troubled and will face some challenges. The Awujale of Ijebu-Ode will face some domestic problems. Aare Alao Arisekola needs prayer. Some former Nigerian presidents need prayers between 2011 and 2012. Lagos State will lose an ex-governor.

Education
The ASUU strike will take another dimension. The Minister of Education must be very careful about this else it could destroy his political future. We need prayer in our education sector because I see cultism coming up. Vice Chancellors of some universities will be sacked.

Labour
Doctors will still go on strike. There will be problems in the NLC. Labour will proceed on strike in some states. I see bad fuel coming into the country. I also want to tell you that there will not be stability in our electricity supply. Some PHCN regional managers will run into trouble and there would be transferred. Some AIGs and army officers will be retired. Some army officers will go on compulsory retirement. Some service chiefs will be changed.

Three countries from Nigeria
There will be problem in Nigeria in future in which the flag and the name will change. I see that the Green-White-Green (flag) will go. I’m not telling you precisely how soon it will be. I see three nations coming out of Nigeria and settling down in different places. One will be stronger than the others and people will apply for visa to enter the stronger nation. How it will come I don’t know. Oodua State is coming. If care is not taken, it will be the state others will bow before. Nigeria needs a lot of prayers so that we don’t experience more religious crisis.

Military and paramilitary
Customs and the immigration services will change their uniforms. We will have local police; a lot of changes are coming into the police force.

International scene
The Camerounian President needs prayer for good health and against political crisis. A great opposition is coming against him. The Togolese President will be betrayed by his closest aides. His authority in Togo will be challenged in the coming election. Former Ghanaian president, Jerry Rawlings, and the incumbent need prayers for good health. Rwanda will experience a new dawn.

His predictions that have come to pass
Published in Sunday Sun December 28, 2008
•Some governors will not finish their terms – Oserheimen Osunbor (Edo) and Olusegun Agagu (Ondo) were sacked by the Appeal Court in November 2008 and February 2009 respectively
•Death of two Nigerian actresses (Remi Abiola and Monsurat Omidina, wife of Baba Suwe)
•Removal of five state House of Assembly Speakers - Plateau and Niger Speakers have been removed
•Some banks will face serious crisis – Five banks MDs and their Directors were sacked in August
•Religious crisis will break out in some northern states (Boko Haram claimed over 1500 lives)
•ANPP governorship candidate, Senator Abiola Ajimobi, will lose appeal against Oyo State Governor, Adebayo Alao-Akala.
•Bauchi State Deputy Governor will be impeached and there will be political impasse in the state
(He was impeached in August)
•A northern state governor will escape assassination (Yobe State governor narrowly escaped assassination)
•Explosions at the NNPC Atlas Cove Jetty in Lagos
•The bloody NURTW Crises in Oyo State
•The loss of oil wells by Cross River State
•Changes in leadership of Central Bank of Nigeria
*Death of CC Onoh, former governor of old Anambra State
• Politicians will dump their parties (Confirmation - Sunday Sun July 12, 2009 page 9 and July 26, 2009 page 47)
•Death of Gabon President, Omar Bongo Sunday Sun July 19, 2009
•Removal of Customs’ Comptroller-General
•Bank executives to face EFCC
•Reforms in the Banking Industry in Nigeria
•Lamido Sanusi’s banking reforms; specifically predicted the removal of Oceanic, Afribank CEOs and others.
•The moves against the Niger State Governor
•Militants move against Federal Government and the spate of bombings (Confirmation - Sunday Sun July 26, 2009)
•The tuberculosis challenge in Nigeria (Confirmation? The Punch July 17 2009, Page 3
•Crisis in Actors Guild of Nigeria (Confirmation - This Day Friday July 31, 2009, Page 27
•Some ANPP Governors will defect to PDP
•The travails of the Bayelsa State government
•Andy Uba, invalidation of his governorship election victory and the 2010 struggle; the current Anambra governor (Peter Obi) and his deputy will have problem
Death of former Chief of Army Staff, General Luka Yusuf.
European Football (EPL, UEFA, La Liga)Re: Chelsea Vs Tottenham (20 September 2009): 3 - 0 by Ekwere(m): 8:50am On Sep 21, 2009
Re: Chelsea Vs Tottenham On Sunday 20 September At 4pm Nig Time
« #38 on: September 19, 2009, 07:57 PM »

Haters, Chelsea would continue to surprise you guys, shame on u

Chelsea 3-0
===================================================================================

This was my prediction on the 19th of September by 7:57pm and it came to pass. Shame on our haters, we would continue to win. Blues for life till I ,
BusinessRe: Private Investor Needs Joint Venture by Ekwere(m): 8:12am On Sep 20, 2009
Lagosway:
I am seeking honest dynamic people with sound business ideas for joint venture.
Please respond with a paper detailing your business opportunity within Nigeria
I am open to most ideas, but please exclude business opportunities that require bribery, graft, kickbacks and etc. of govt officials.
419ners, please do not bother! And no time-wasters too! And please be reasonable as my funds are not unlimited.
My e-mail address is ladak1000@yahoo.com.
Thanks for reading. Good-luck!
Hello Sir, I have sent a mail to you, go thru it and revert. Thank you,
European Football (EPL, UEFA, La Liga)Re: Chelsea Vs Tottenham (20 September 2009): 3 - 0 by Ekwere(m): 7:57pm On Sep 19, 2009
Haters, Chelsea would continue to surprise you guys, shame on u

Chelsea 3-0
PoliticsRe: Is Baba Adeboye Too Quiet On Political Issues? by Ekwere(m): 4:28pm On Sep 17, 2009
gbolo2001:
i am angry and ashamed at the comments most of u r making, someone asked dat y doesnt he speak out sometimes, that it most likely would make an impact on the nigerian leaders , why because nigerians are naturally religious people and words of advise coming from spiritual figures usually make an impact, not like the poster sed she wanted him to run for an appointment of any sort. nd for all those fools who happen to be insulting the man tinking they are speaking intelligently or they are free thinkers becus they skooled abroad or are knowlegdeable, u all are as a matter of fact daft.  someone who speaks to millions of peeps dat gives dem hope in a situation dat seems hopeless tell me wat impact has ny of u ever had on another human being dati know of. notin. infact i dont evn know u. nd u sit der typing talking rubbish wit no respect tinkin u r smart, u r a fool, better dont let d wrath of God of befall on you. yes am talking to u, u know urself, if u are an aeithist nobody is fighting u but respect their belief of other by not insult their mentor and spiritual leaders, dat is a smarter way to talk even if u dont agree
May God bless you real good. Amen
PoliticsRe: Is Baba Adeboye Too Quiet On Political Issues? by Ekwere(m): 3:33pm On Sep 17, 2009
big-ben:
, see no evil,hear no evil and do no evil  cool
Tell this to the blabber mouths or basket mouths
PoliticsRe: Is Baba Adeboye Too Quiet On Political Issues? by Ekwere(m): 3:19pm On Sep 17, 2009
lysaa:
sharrap crackles!! if Nigerians were blinded by religion, we wouldn't be where we are today. All these crazy things wouldnt be happening. If u say its a camouflage i'd accept.

For heaven's sake can folks stop dragging men of God into issues and expecting them to say what they want them to say? U are not God and its not like politics where a leader has to be led by the ppl's voice; They have the Spirit of God in them.
Gbuam, finality
PoliticsRe: Is Baba Adeboye Too Quiet On Political Issues? by Ekwere(m): 3:00pm On Sep 17, 2009
Utaroz:
And the pharisees and Scribes went up to Him, meaning to test Him, and asked: "Is it right to pay taxes to Ceaser??"  cheesy Dear Poster, I dont know exactly what you expect the Pastor to say, but I daresay it is wise, if you are very influential, not to be vocally reactive, especially with issues bordering on litigations. I am sure if he had spoken out, it will be his statement that will be undergoing a random critique here.

"Render to Ceasar what is Ceasars" I'm sure you can add value with the contributions of various stakeholders on national issues while Pastor Adeboye concentrates on his spiritual assignments.

Except if you are suggesting he must answer for the issues affecting any member of RCCG!
timmy7:
Even if ibru is a member of rccg,does the poster mean d baba should now go and condemn her or beg the government on her behalf in d press huh
bisiaet:
Too quiet on what ground? is he a politician or will he go to the street and start flogging all these irresponsible act of our so called politician? Pls he is a man of his own and a man of God let him go on as he is doing and have his peace of mind. Quiet or talking is not the answer to Nigeria problem the nation political arena has failed the populace if even Baba Adeboye started talking belief me they wont listen infact they will even go after him so all we need is to come back to the basis and make a mend if not too late and left Baba Adeboye out of this.
God would surely reward you abundantly ofr the above write-ups, if that man opens his mouth to talk, imagine the different interpretations, both right, wrong and indifference meaning.

Make una leaving am alone and for your information, he would never talk because politics is not his forte but of things in heaven" for what shall it profit a man if he gain the whole world and lost his soul"

Let somebody shout the loudest hallelujah
PoliticsRe: Is Baba Adeboye Too Quiet On Political Issues? by Ekwere(m): 1:51pm On Sep 17, 2009
Diversion of the topic when the poster warned that, the man should not be insulted and another avenue to pour insults on him again from SOME Nigerians staying abroad, they would tell you I am a free thinker, mixing with those pink people, refusing to listen and do to the word of God and thinking that it is because of their dint of hardwork that, they are successful.

Like my other replies, it is because they dont have a good home training from their papas and mamas and whoever told you that he collected money from the thieves or has ever dined with them and who also told you that he has not warned them from stealing?

If na you wey dey talk, person no gree hear am u no go rest, d man do tire for these thieves, make una no carry una insult come him place again.

make una also leave am with politics
PoliticsRe: Pastor Adeboye Prays At UN Headquarters by Ekwere(m): 7:59am On Sep 17, 2009
To those who insult the man of God, this is what the word of God says" Genesis 12:3, God says whoever curses the One He has blessed automatically comes under a divine curse." No be me talkam oooooooooooooooooooooooooooo

From today, anyone who places a curse upon you will come under God's curse. In Numbers 22:12, God told Balaam the prophet that no matter what, he cannot curse those He has blessed. As long as you are born again and pleasing God, you are beyond the curse of men. Strive never to come under God's curse. That may be irreversible,It is very dangerous to curse the one God has blessed.

Woe betides you all that curses and insults an anointed man of God.
BusinessRe: If U Have A Genuine Business Idea Lets Talk by Ekwere(m): 2:49pm On Sep 16, 2009
Yankeeman:
I am looking for a person with a good business idea,I have the money to invest,the right person could be my partner with profit sharing.Other gifts are available too for the right person with the right idea.


send e,mail to Walesolid@hotmail.com
Hello Mr. Wale,

I have sent a mail to you from ,please check and revert,my details are in the mails, thank u
BusinessRe: "Very Friendly" IMF Backs Sanusi’s Banking Reforms by Ekwere(m): 1:59pm On Sep 16, 2009
See wetin IMF don cause oooooooooooo:

Why Has the IMF Failed Its Mission?

Economist and Nobel Laureate Joseph E. Stiglitz argues that the IMF has failed its mission to secure global economic stability. He identifies the reasons for this failure with changes in the IMF’s mission and economic policies.



Economist and Nobel Laureate Joseph E. Stiglitz argues that many of the problems with the current phase of economic globalization can be laid at the feet of the International Monetary Fund (IMF). In his role as Senior Vice President and Chief Economist at the World Bank in the late 1990s, Stiglitz was privy to the policies and failures of the IMF.

In his book, Globalization and Its Discontents, Stiglitz lays out an argument for why the IMF has failed in its mission to ensure global economic stability.

Betrayal of Its Initial Mission

While the IMF’s initial mission was based on the assumption that markets did not always work perfectly—that is, there were times when intervention, however limited, might be needed to secure a stable global economic order—Stiglitz argues that that philosophy has changed. Now, says Stiglitz, the IMF operates largely on the untenable ideology that markets should be left to operate on their own, and that no (or very little) direction or intervention is needed.

This, argues Stiglitz, is not only a betrayal of the ideas underlying the IMF’s inception, but it is simply bad economics. The underlying belief at the creation of the IMF was that, in times of crisis, the IMF should foster expansionary economic policy—for instance, encouraging or enabling increased expenditures, lower taxes, lower interest rates—in order to stimulate the economy. In short, a country’s populace would have more money available and so increase their purchasing, thereby stimulating the economy. Now, says Stiglitz, the IMF has adopted exactly the opposite approach: providing funds for countries only if they institute contractionary policies such as cutting deficits, raising taxes, and raising interest rates.

Whereas the IMF’s initial goal was to bring a country in crisis back as close to full employment of it’s workforce as possible, it has dramatically changed course. The change of course, Stiglitz puts flatly, makes it “clear that the IMF has failed in its mission.”

Bad Economic Policies

Stiglitz argues that the IMF’s policies not only do not work, but often make matters worse for the countries in crisis. He notes several misdirected policies:

    * Capital market liberalization. The IMF pressures countries that petition for IMF loans to open their markets to outside investment capital. Rather than help matters, this approach often makes matters worse as it destabilizes the economy of the country as well as the global economy. Investors may invest huge sums in a country only to pull those investments at a moment’s notice, causing acute economic crises.
    * Latin America as the template. Stiglitz says that many of the the ideas of the “Washington Consensus” were based on the experience with Latin America. The economic growth in these countries had not been sustained, governments had let budgets run out of control, and loose monetary policy had led to rampant inflation. The belief of the Washington Consensus was that this had happened as a result of excessive government intervention in the economy. So, if government intervention was the problem, then government intervention should be limited. The Washington Consensus pushed for policies such as capital market liberalization. Stiglitz notes that even if this approach was appropriate for some Latin American countries, it did not make sense to apply this policy blindly to other countries in very different situations where this kind of policy might make matters much worse.
    * Insensitivity to strength of local markets. Stiglitz says that the IMF policy forcing rapid trade liberalization has not only not worked, but does not follow lessons learned from history. He notes the cases of the U.S. and Japan. Both countries had trade protection policies in place until their industries were strong enough to compete in a global market. However, IMF policies forcing trade liberalization on a developing country where industries are not strong enough can actually cause more harm. Local industries could not compete, and rising interest rates made job creation virtually impossible. Says Stiglitz, “Liberalization has, thus, too often, not been followed by the promised growth, but my increased misery.”

Taxation without Representation

Stiglitz notes that even though the IMF is a public institution, funded by money from taxpayers around the world, it is not held accountable to the interests of these taxpayers. He identifies the problem of governance as one of the prime “underlying factors” for problems with the IMF.

Stiglitz says that the IMF reports to ministers of finance and central banks around the world thatare in many ways insulated from the concerns of the IMF’s ultimate constituency: the global populace. Stiglitz notes that control of the IMF is accomplished through a complicated set of voting arrangements based in large part on the economic influence of the member countries. Additionally, the U.S. has effective veto power over IMF decisions.

Stiglitz says that the IMF (and later, the World Bank as it was reduced to a “junior partner” with the IMF) was driven by the collective will of the G-7 (the governments of the seven most advanced industrial countries). Open, democratic debate over IMF policies and procedures would threaten the influence of these industrial giants, which would clearly not be in their best interests. So, say Stiglitz, the current drivers of IMF policy see it in their best interest to avoid democratic accountability and dialogue.

According to Stiglitz, the IMF is dominated not merely by wealthy, industrialized nations, but—more narrowly—by the commercial and financial interests within those countries. Stiglitz says that the fact that the IMF draws on public funds to forward the interests of a select few—with no effective voice in the IMF’s policies, amounts, in his words, to “taxation without representation.”

More on this http://www.mott.org/news/news/2009/G20.aspx
PoliticsRe: Pastor Adeboye Prays At UN Headquarters by Ekwere(m): 12:09pm On Sep 15, 2009
@senseless Dayokanu and Jakumo, if u r insulting me and ur papas and mamas at home, no wahala it is in ur blood and I wud repeat is again and again,u never had a good home training. Go ahead and heap insult ur old folks at home
PoliticsRe: Pastor Adeboye Prays At UN Headquarters by Ekwere(m): 7:59am On Sep 15, 2009
@ Senseless Dayokanu

Ur papa and mama never trained you well, I am so ashamed of you being a Nigerian(you are the ones destroying the name of this country with your scam mails and ATM petty thief)

Judgement is sure waiting for you and hell fire is your everlasting abode, go hit ur stupid and senseless head on the wall for I care not.
PoliticsRe: Pastor Adeboye Prays At UN Headquarters by Ekwere(m): 7:39am On Sep 15, 2009
timmy7:
Ekewere haba, beat it now,you cant fight for daddy GO here now grin grin and as for you chosen why not come out straight like the jakumos bawo of this world who aint hypocritical about their attack on adeboye instead of lying that you are a member let alone a worker of his church. angry smiley
Timmy,

I have been using the internet for so long and have been reading stupid,foolish and silly write-ups against this man I have kept my cool for so so long and I decided this time, I wont take it again and I am ready to brush or attack anybody who has no home training from their papas and mamas at home on how not to insult their elderly ones.
I am all out now not only for daddy GO but any man of God, let them allow judgement to God alone.


There are so many youth out there seeking mentorship and guidance to succeed in life through better and sensible write-ups either in Nairaland here or elsewhere for them to read but instead, they would just bring up petty gossip to disturb the peace of people here. Dont mind that shameless Chosen(if that is her name) claiming to be who she is not

I am out for anybody, I rest my case
PoliticsRe: Pastor Adeboye Prays At UN Headquarters by Ekwere(m): 5:30am On Sep 15, 2009
bawomolo:
jakumo, please wear rain coat o.

Even Magnum XL may not be able to protect you from this fireworks  shocked grin grin

The Artillery unit of the Adeboye Mugu Defense Squad is putting in overtime.
@Bawomolo

It is ur papa and mama at home that are mugu defense squad, same goes with you for improper home training, u shall know no peace in ur life, when it happens misfortune and why me would come out of your mouth.

The more you hate him, the more God promote him and make him far more better than a silly ass like you. U are an anti christ by writing in your profile" Praise the Lawd" and "God is goose all the time"

From now on, you would experience hell in your life time until you reach where your father the devil is to receive more torture.
PoliticsRe: Pastor Adeboye Prays At UN Headquarters by Ekwere(m): 7:06pm On Sep 14, 2009
@ These demented Jakumo, Dayokanu,Hollandis, babyearly,youngies and Kristos, y'all are yahoos.

I have only a word to tell these atheists(it shows in your write-ups), since you have decided to call GO and other men of God several of names, no wahala and I believe strongly that the above listed yahoos insulted and they are still insulting their papas and mamas at home,sorry your mamas and papas did not give you a good home training. Your children,grand children and great great grand children would suffer this single act of talking down on men of God.

How could little rats,nincompoops and deranged and silly individuals insult their elderly ones, aside the man being a Pastor today, he has MSC in Hydrodynamics and PHD In Applied Mathemetics,qualifications that all of you would never attain in life even if it is another field of study.

Everlasting curses shall follow you all(I am not the one saying it), it is there and has always been there when you insult your elderly ones.

To the lady that claims to be RCCG worker, you are not and would never be, just a passerby and you would not expect GO to go announce in the papers or TVs of what he is doing or what he is going to do knowing fully well how modest he is.

I rest my good case hahahahahahahahahahahahahahahahahahahahahaha
PoliticsRe: Pastor Adeboye Prays At UN Headquarters by Ekwere(m): 7:25pm On Sep 13, 2009
Z-Murda,
U r saying the fact but these guys keep on talking down on GO, there is no week that passes by that one negative thing(s) would not be said against this man. I decided as it were to join issues with them but I got really mad when it got too much. Let them leave him alone and if he has done anything wrong, let God alone judge him.
PoliticsRe: Pastor Adeboye Prays At UN Headquarters by Ekwere(m): 7:17pm On Sep 13, 2009
@babyearly or whatever your name is, u r so stupid to an extent that you call people names and I have told u earlier that, whatever names you call the men of God not only Adeboye, some other person would call you 1 million times that, oit is a simple thing as the word of God say, the curse that is affected u is making u to be demented and that wud reach the twenthieth generations in ur life. Mark my words, why do u make it an habit of talking down on men of God as if they are ur mates or u r feding them. If you don't believe what they preach leave it n do what you believe n wait for judgement. Before anybody says anything against a amn of God, go find out the truth and leave judgement to God. No matter the names people would call me, I can never allow anybody to talk down on my GO, it has been going on for so long, I wud attack anybody simple
PoliticsRe: Pastor Adeboye Prays At UN Headquarters by Ekwere(m): 5:50pm On Sep 13, 2009
babaearly:
All those calling on God to punish Nairalanders because they say Daddy G.OH is a scam are fools and bound to mental slavery. The Romans killed notable disciples of Jesus in special ways, did God wipe out the Romans in revenge?
You are the greatest fool ever found on the surface of planet earth for you enjoy calling men of God names no wonder the word of God says" my people are perish for LACK OF KNOWLEDGE"

When things beyond your imaginations starts happening to you, it is that time you would remember witches and wizards in your father's house forgetting that you have touched anointed men of God by your silly write-ups.

You are really sick in the head and stupid from the womb, go plant your own church and let it how it would grow and whatever names you call him today, another person somewhere would call you the name that would be worst.
Satan go soon come church for ur head, idiot

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