₦airaland Forum

umarfantami:
ARE U AN ANIMAL?

U WERE NOT BORN CLOTHED, SO WHY NOT GO ABOUT WITHOUT IT.

Man is an animal. Sorry if you didn't know that. I am sure your level of education may not be enough to provide you with that basic knowledge.

Humans have existed for more than 200,000 years, man started wearing clothes less than 10,000 years ago.

In Africa about 400 years ago our progenitors were working about almost naked, why didn't Allah kill all of them?

If the Arabs decided to adopt a cloth due to the harshness of their climate, Must you adopt same, it is wickedness to tell women to cover themselves up with black clothes in the african humid and hot climate, why are men not doing so? Isn't that wickedness? Isn't that discriminatory, Do you think Allah loves partiality? Are women meant to be treated worse than slaves, just because of their gender?

budaatum:
First, get a new calculator. The one you are using isn't working well.

US can't just print dollars to pay their creditors. They issues treasurys to raise money, which is debt they owe plus interest. Anyone who buys it is paid in dollars. If they just print dollars their currency will lose value and interest will rise to compensate. And yes they have done that, somehow, and that's why interests are now going up.

https://fb.watch/b_fxaMathG/ please watch

[quote author=budaatum post=111375440][/quote]Add all these together is it up to $22tn? These are trade credits, mostly short term. The majority of the debt who borrows the United states? How can China borrow US dollars when China's currency is Yuan for instance?

Why can't US just print dollars to pay these creditors off? You think the US cannot do that? Infact do you think they dont?

Drenimarcus:
These Pentagon sources confirm what Putin and the Russian Ministry of Defense have been saying all along: that instead of being “stalled,” Russia is executing a methodical war plan to encircle cities, opening humanitarian corridors for civilians, leaving civilian infrastructure like water, electricity, telephony and internet intact, and trying to avoid as many civilian casualties as possible.

Until these Pentagon leaks it was difficult to confirm that Russia was entirely telling the truth and that corporate media were publishing fables cooked up by Ukraine’s publicity machine.



Well, well, well. What do we have here.

They had better keep their ego in check. $30 trillion in debt, rising inflation and disgruntled citizens. Besides, this is Russia not some Laos country. They escalated it to this point already.

I am not ready to be nuked out of existence cos of some foolish egos.

Can i ask a question? This $30tn you mentioned as debt, who did America borrow it from? Remember that the US owns the dollar? How can a country borrow its own currency from elsewhere?

The concept of America's debt is very different, do not take it at the surface level.

Joe Biden jas been much stronger than i expected especially during this Russia vs Ukraine debacle.

Ajeeb:
Thanks my brother!
But
Y do u put on clothes?

To keep me warm, animals have furs also to keep them warm, homo sapiens (humans) have been around for 200,000 years we only started wearing clothes less than 10,000 years ago.

Must the face be covered? If Allah wants all female face covered why did he leave the faces of all other animals open?

MadeINchenzen2:
Bank has ceased a lot of deceased persons billions... the banks do not listen to any stories coming from a next of kin member... as far as the owner of the billions cannot come forth to access his or her funds, that money is gone... Sara!!!

This is not correct. If someone dies the next of kin should inform the bank and come with the death certificate. If he has a will once the will is executed the bank will have no options but to pay.

If there is no will, the family members should get a letter of administration.

Frankly speaking if a detailed analysis is done to understand the extent of damage ponzi schemes have done to Nigeria's economy in the last 5 years, it will be massive.

Many people have lost their lives and livelihoods due to these rubbish schemes but Nigerians will never learn.

She didn't have an extra year due to failure of courses, she got the extra years by the grace of ASUU and FG. Congratulations girl..you rock!

These are thekind of gals that gives hope that Nigeria still have a future.

Buhari? Mtchew! Pikin no sabi book una say e get better handwritting....Na handwritting dem dey take pass exam?

gospelpen:
After they'll be making Nigerians look bad, but the ones that happens right under their nose is worse.

But some oyibo people mumu sha, wetin you wan carry that thing wey you no fit sell or sample for your house do?

Everybody know all the players wey dem give am for world cup. You wey no follow for the team, how you wan take dey explain give people if dem see am for your hand. At least if you wan thief, thief sensibily.

They will sell it at the underground market. it will melted and resold.

If you study Farouq well, You will notice that he is a crude Arewa Propagandist. He is always trying to create problems in the south. If the south west allows itself to be torn apart along religious lines by these Northern fanatics, the region will never rule Nigeria again

This Farouq could hardly disguise his hate for christians, in trying to sound as if he was attacking Osinbajo he unleashed several uncouth vituperation against christians. Osinbajo is a pastor, he never hid it why now attack him based on that? If someone professes his christian belief is that now a crime?

If the south west allow northerners like farouq to use religion to divide them the implication will be that no South westerner will ever taste the office of the president again.

Ooe33:
For ur mind u done drop one sensible write up.
I have some questions for you.
1. Who looks desperate?
2. How long do u think your hypothesis will take before it is actualized by USA.
3. How long do you think EU can survive the unslaught on her economy?
4. Who are the new likely partners that will solve EU energy and grain demand?
Still have a couple more to ask, but make we answer this one first.
U rate America too much. Too much on nairaland.

America is already looking towards Venezuela and Iran. EU has already signed a deal with Qatar.

As i type oil prices have been dropping. Worry about Russia attempting to prosecute a war with no dollars but Roubles!

gawu1:
You talk as if Russia is Syria or Libya. Remember that Putin is not just a mere president of Russia; he is also KGB himself, the most compacted deadliest spy/assessin organization in the world today.
If for many years America couldn't achieve what you just described in Iran or North Korea, is it in Russia that you think they can do that.

Every thing i have written up there have been gleaned not from the words or actions of the west but that of Putin himself.

If Putin believes he was goaded into this war jut to destroy Russia economically and millitarily then why are you so confident that Russia will invade a country with serious sanctions, stay for a long time and exit painlessly, not even America can do that.

The sanctions on Russia is ten times that of all the countries you mentioned put together. Do you know how much it costs in dollars to prosecute a war per day?

Russia is about to default in his loan payment, do you know what that means?

If Russia withdraws today and the west rescind the sanctions it will take yeas to rebuild the economy, what it Russia stays for 3 months? And we both know that the west will not rescind the sanctions even if Russia withdraws.

The west is already making alternative to Russia's oil, infact as i type oil prices are going down, Iran and Venezuela produces more oil than Russia.

Do you know what it means for an economy to contract by 30% over night? When Nigeria had just 2% contraction,. Can you remember just how crazy things were?

Russia can not survive 6 months fighting a war with huge sanctions, Even his defence industry depends on imports from the west.

In any case,lets wait and see, time will prove me either right or wrong.

I have said it, Putin will take whatever looks like victory and quickly exit Ukraine. It is obvious that the US goaded Russia to make tis stupid mistake and US and allies are looking to continue making a kill from Russia's misery.

The plan is simple : weaken Russia economically, then millitarily and then bring Russia on its knees such that it will never ever think of invading another country again.

If this conflict lasts for too long, Russia's economy will take a tumble, US will sponsor the insurgents in Belarus to distract Putin and then look to sponsor insurgency in Russia itself, Putin will be distracted, he will be fighting on too many fronts and will keep becoming more paranoid with his closest confidants, it will take a long time but after Putin Russia would have become almost a basket case economically, whoever replaces Putin will never have the time to think of an invasion, he will be too busy clearing the mess that Putin left behind and of course many other neighbouring countries will join NATO.

Udoboss:
Shallow thinker..Did You not read where they waited 8 months??
Must they strike before FG obey agreements??
How on Earth will think of building railway that doesn't have economical value to Nigeria....when your other sectors are failing..

Thank God you are not President..cos You would have been worst that Buhari

Don't answer that guy, he is probably an illiterate tout fortunate enough to have access to a cheap Android phone.

truthCoder:
How time flies.

I was an android fanboy for many years until i became born again by the gospels of IOS.

Manage to buy, at the very least, either an Iphone SE (first SE and not iphone 5) or iphone 6s (not iphone 6), upgrade to current OS and have relative peace of mind.

If you want a bigger screen, go for the 6s plus (at the minimum) but 7 plus is still a good recommendation.

Android OS on cheap phones is not optimal at all. Android is resource hungry and requires a lot of RAM for basics. Besides, is the issue of security.

Ever wondered why those loan shark companies dont have ios apps? iOS uses the sandbox concept which prevents data leak from one app to the other. Android allows leaks. Which is why you can install app A on your android phone and the same app is logging app b and c.

Summary, get an iPhone

What about battery life? I love Iphones but for heavy users like me, the battery life can be very frustrating.

America's interest in the conflict is too superfluous, it just want to punish Putin no matter the cost leaving no room for diplomacy and sacrificing innocent Ukrainians.

Mistakes have been made, America must be ready to shift grounds, if Putin feels pulling out of Ukraine will not lead to the reversal of the sanctions, he will continue fighting, come what may.

America hopes to use this invasion to deal a massive blow on Russia once and for all but things are sometimes always the way they seem. We should all be very careful.

No one mentioned Kie Kie? She is the best!

Merisbankie:
You think he is a fool to let the usa knows of his capabilities

I don't think so, I think he was complacent initially but became desperate along the line.

Like he said '' The west had been looking to dismember and weaken Russia all along, this Ukraine issue is only a pretext to accomplish it''

He was too blind to see the obvious trap, he fell into it, opened up his flanks, he thought he would go in and out sharp and come out. Too bad it didn't work out that way

When America quickly withdrew from Afghanistan it was obvious that the west was planning something sinister, Why didn't Putin read the signs? Why didn't he learn from history? Why did he leave $650bn in foreign reserves? How did he think he could trust the west enough to invest trillions of dollars in the same west he wanted to go against? How on earth did he leave his flanks so exposed?

The west plans an all out war, proxy war, economic war, propaganda war, isolation war, psychological war, Russia will weaken, it is obvious, the Putin myth has been broken, desperate Russians will no longer be too afraid to look him in the face.

The west will supply them with weapons and intelligence, it is a matter of time, Putin will face opposition at home, insurgency at home and in Ukraine, Putin will soon be fighting on so many fronts, the economic situation will bug him down, he will be too distracted. This is the beginning of the end. Even he fears it. He fears it very strongly.

I am not an advocate of the west, I have only taken my time to study their antics. It is not looking good for Putin except he quickly pulls out of Ukraine and embark on an aggressive economic growth of Russia devoid of any reliance on the west. That's the only way out for him

Investigative:
Mr war analyst
Russia motive for invading Ukraine is to stop them from joining NATO
And also demilitarizing Ukraine
At same time donbask region to secced
Lastly is regime change and
In all of this they have achieved it
The one thing left is regime change
Once they achieve their aim they have won the war
Because they didn't destroy Ukraine like America did to Libya didn’t made Russia loosers

Ok. I always expected that Putin will take any thing that looks like victory and exit Ukraine fast. He knows the longer he stays there the more he exposes his flank but it is too late, the West have analysed his weapons and strategy, he used to be feared cos no one knew how his mind works, now that anonymity have been demystified, they now know he is more irational than strategic. Their plan is to weaken Russia, economically and millitarily, he fell for the bait and now the beginning of the end has started.

You can write this down.

Even Putin admitted as much in his last speech, saying that the west is just using this war as a pretext to dismember Russia.

All I know is :

1. There won't be a winner in this war, only losers.

2 Russia's economy will take a very long time to recover

3. The rich Oligarchs aren't happy with Putin but most of them are out of Russia any way they won't be able to hurt him

4. The west will try to weaken Russia further by creating an insurgency or strong opposition, a lot of Russians that used to be afraid of Putin, would have appraised this war and realised that Russia's military prowess has been grossly exaggerated and may try to confront him

5. Putin will keep fighting internal aggression, he will alienate himself further ad further, he may try to be more Brutish but age is no longer on his side.

6. Russia and other world leaders will think very well, before they invade smaller countries henceforth, less they be Putined.

Eazzywy90:
Thanks. It's very clear now.

https://fb.watch/bLkKf4n40f/

Watch this video to learn more.

I knew something was fishy with this Oxford group. They actually invited me for an interview but I didn't attend.

emmaodet:
I understand you very well but what if after the govt pumped more money into the system, it produces more producers who now produce more books or bags of rice etc Is that not a boost to the economy?

If those goods are going to the international market it will earn more dollars, which can then be channelled into either procuring the equipments or machineries needed to produce the other goods or if you prefer the lazy way out, simply import them.

Johnboom:
You don't understand simple Economics, Nigeria is the owner of Naira, how come they don't print it , convert it to Dollar and pay her debit.

Because then the value of naira will go down! Law of demand and supply at play. But if Nigeria prints naira to give to local producers who will only use locally sourced raw materials and then export the finished goods it will have the opposite effect especially if the exported goods was paid for with dollars.

I know it's a little complex to decipher but you can do more research. Dollars being the base currency of international trade confers so many privileges on the United states that most other countries do not have.

SSpeter:
The people you are trying to educate have basic economic knowledge. Hence, do not stress yourself much. They are probably students...

Obviously. Thanks

SSpeter:
Brother, the guy you quoted was trying to explain something to you, but you were eager to display your basic economic skills. The US debt is in USD. Their central bank don't function like ours that is why theirs is a reserve bank. The US can print and repay their debts. When the govt buys Tbills from you, at maturity, they can choose to either request for more TBills to pay the matured ones or print more money if there isn't enough cash in the system. That is why they tell you that a government can never default in its debt in its currency....cos it has the power to print notes.

Thank you sooo much!

DamnnNiggarr:


Just like USA with a GDP worth of $24 trillion(2021 estimate) but has a gross external debt of over $21 trillion.

Imagine a country that has annual expenditure of $7 trillion but with annual revenue of $3.4 trillion.

If not that Nigeria's government is not transparent, Nigeria would've been one of the richest country in the world with an annual expenditure of $30 billion and annual revenue of over $50 billion.


I'm not too good in economics but with the knowledge I got in eco101, 102, I can unequivocally tell you that Printing more money doesn’t increase economic output – it only increases the amount of cash circulating in the economy. If more money is printed, consumers are able to demand more goods, but if firms have still the same amount of goods, they will respond by putting up prices. In a simplified model, printing money will just cause inflation.

*Suppose an economy produces $10 million worth of goods; e.g. 1 million books at $10 each. At this time the money supply will be $10 million.

*If the government doubled the money supply, we would still have 1 million books, but people have more money. Demand for books would rise, and in response to higher demand, firms would push up prices.

*The most likely scenario is that if the money supply were doubled, we would have 1 million books sold at $20. The economy is now worth $20 million rather than $10 million. But, the number of goods is exactly the same.

*We can say that the increase in GDP is a money illusion. – True you have more money, but if everything is more expensive, you are not any better off.

*In this simple model, printing more money has made goods more expensive, but hasn’t changed the quantity of goods.

So Mr huptin, why can't Nigeria just print ₦aira to tackle Nigeria's economic mess? Nah! It doesn't work that way.
If only 20 bags of rice is produced in your location, assuming only only 5 people are able to purchase a bag at say 20k out of 100 person's due to lack of money and the government decides to print more money to be in circulation in the economy, and about 50 person's now have cash, now what will happen is that, more people now have cash and it's still 20 bags of rice that is being produced which will lead to high demand for a bag of rice.
Do you know what the producers will do? They will respond by doubling the price of a bag of rice.
I hope it's clear now.

Agreed Nigeria can not do so simply because Naira is not the benchmark currency for international trade! What about the US, you think they can't do it? They own the yam and the knife! They can print their currency to do whatever they want to do with it, Afterall every other currency is tied to it! It's a rigged system.

Johnboom:
You don't understand simple Economics, Nigeria is the owner of Naira, how come they don't print it , convert it to Dollar and pay her debit.

Simply because Nigeria's naira is not the benchmark for international trade, at the international level, naira is worthless if not tied to the dollars.

But this is not the case with the US, the dollar is the currency for international business. This is where the US become smart, if his revenue is not able to meet up with its expenses, the US will simply ask it's central bank to print more dollars and count it as debt.

In actual fact, the US is simply borrowing itself money, but does it ever pay back? At what rate? Over what period?

But if Nigeria borrows the same money, Nigeria has to pay back at the rate and tenor decided by the same US.

You see the reason why I said the whole monetary system is rigged?