₦airaland Forum

vaxx1:
I really don't think US will be affected much economically. two trillion dollar is enough to stabilized their economy. there is lots of gold to do the bail out bro. China, USA, and most of the European nation has a strong back up.

The 2 trillion dollars means more debt as the Treasury print more money to safe the economy.

that leads to more trouble

We saw this happen when the Romans ruled the world
It led to a collapse.

You cant print your way out of debt and collapse with a worthless fiat money.

Sadly, a US collapse means more pain for everyone else

the smart ones are owning gold

mtisTheQubit:
Saudi caught in a game they don't understand. .

as the Russians say

Useful Idiots

rvp20182:
German Finance minister commit suicide. Now you can imagine Germany is one of world strongest economies - probably after US and Japan. The coming bloodbath. Nigeria will split into two north and south.
https://www.straitstimes.com/world/europe/german-minister-commits-suicide-after-virus-crisis-worries

it wont happen anytime soon.

The north of Nigeria is dependent on the south of Nigeria for money.

Money is the power of control

mtisTheQubit:
Man I tell you their society is twisted..the rich don't care...to them it's all about the mighty dollar..so politicians were suggesting it's OK for guys to die as long as the economy fairs well..like I sucrifice for dow jones

money talks and no one cares about the people than the market

mtisTheQubit:
I tip my hat to putin..they should give him more years I have a prophetic feeling America will fall without even going to war

America will collapse under it own weight

The entire world is looking elsewhere for leadership

rvp20182:
He is nothing but a curse on your country. A fool as a president.

Isnt he better than Kenyatta?

rvp20182:
IMF is dead and so WB - they cannot fix this.US has refused to capitalize the two institutions to respond to such crisis. I think Chinese will have to sort this problem they caused by making available 1 trillion dollars in some form of loan to the world.

The Chinese will use it to buy client states.

Same way the US did after world war 2

rvp20182:
Kenya economy is broad-based and well-diversified - agriculture is only one that accounts for huge portion of GDP at 25% or about - so drought normally hit us hard.

oh shut up

Kenyan economy does not have any diversity

it basically produces nothing let alone talk about diversity

They are piling up more debts

Kazikazi:
Talking about KQ...
Let's not forget,KQ owns only 3 planes out of about 40 planes they were using.Those 37 old planes are just rented.How will they manage to pay the monthly rental fees while all planes are currently grounded? I think its safe to say KQ is officially dead.

vaxx1:
Germany had already forgive them cos they are not paying for the equipment until arrival. . no court action will be taken against them. but i doubt kenya will excape Germany wrath.

They have no idea how powerful Germany is , in the financial market that they always borrow from.

I will always have electricity

my Refrigerator will keep them fresh

vaxx1:
All this are perishable . aren't good for lockdown ...

Austine1212:
Lets hope a vaccine is found sooner

Avaccine is not going to be found sooner

No one knows the primordial sting but China.

we are still waiting for the MERS and SARS vaccines ...... remember

Problemkid1:
But at least we have the money to support for ourselves. Where are your richest men

They've gove to support India because India might end up being the worst hit country

Danielnino00:
Just40. You are right.

That Natasha Maria guy knows nothing...


Covid-19 isn't airborne- WHO

Cut him some slag
he is just dumb


There are too many unknowns with this virus, so people are passing out misinformations

Austine1212:
America will drag us with it

You should remember not that some people blame China for the virus, so China may be facing trust issues after this

Not really

Not as bad as the US is facing right now

mtisTheQubit:
America might but cant say for the rest....China is waking up...funny whats happening might be a blessing to the Americans..its high time they brought back manufacturing firms back home

Too late for them

Austine1212:
Many economists believe thethe world economy will splunge in to depression

Many say worse than the one in the 1920s

That is what is expected

This is what it takes to change global power.

Russia is a beneficiary of the oil price drop

They orchestrated it for a reason, To take out US shale production.
Saudi made it worse when they decided they'll make it fall even further because they want to put Russia in a tight corner.

So Russia made it currency to fall further which means, an even lower production cost for them. Russia has a substantial wealth fund that can keep them in the game to outlast Saudi.

The thing is, Saudi will come back to it senses soon else their own people will revolt as their government tries to cut it expenses

mtisTheQubit:
No Russia is not in the play...they are being affected by oil price drop (russia is depended on oil alot)...even corona virus has started to hit them add...

and Russia

the rest are bleeding

mtisTheQubit:
who is really benefiting from all ths...China if you asked me..

rvp20182:
Not at expense of decimating the world by warming it.You don't get it.Climate change is real.Sustainable development key.Coal is dirty cheap but it's going out.People will rather pay a premium than use dirty polluting energy

dirty polluting energy is what run industry

that will not be replace by renewable energy until fusion energy become possible.

Austine1212:
This is not aboutt the oil price war Russia is playing with Saudi Arabia its more than that.

oil + corona virus

sure

mtisTheQubit:
i think the guy playing chess here is China...

China is a beneficiary and that is why they are aligning with Russia.

rvp20182:
The idea is to exhaust it before it's declared illegal

There is enough oil to last the world 200 more years
you cant exhaust it now

They are all building more pipelines because there is not alternative to run industry.

rvp20182:
Forex reserves or sovereign fund.Nigeria is choking with debt.It has zero savings.The forex reserves will be depleted in two months by CBN to defend the Naira

Nigeria has enough room to borrow Kenya does not.

Austine1212:
How much does tourism contribute to the gdp?

tourism bring in hard currency for their debt dependent economy

The seize only means more debt.

mtisTheQubit:
Thats how black berry ceo used to say about iphone an adroid ...time..just give it time...it might take a while but its undeniable that oil is not part of the future..

everyone knows oil will come to an end and they dont see that end any where lower than 100 years.

rvp20182:
The technology will take care of it..as long as global warming is the issue..not the cost..it will not be businessman as usual.I think 2040 oil will history like horse manure

be there

You think banks in the US are stupid to be pumping billions into shale production and regasification facilities.
while Europe is building 10 different pipelines.

Austine1212:
The US is as diversified as they come but it has already taken a knock

Russia was playing chess and the US did not see it coming

Austine1212:
Where is that buffer?

They have enough reserves and money in other funds to keep them afloat.

They are saving on half the price of every single barrel that they consume from the subsidy program.

mtisTheQubit:
You are a Ghananina man..so dont pretend ya know much about naija

yes we do, because we trade hugely with them.

rvp20182:
Words are cheap.Give Nigeria a month.

it is not just words

money speaks in times like this.

The person with the most money survive.

Take Russia and Saudi

Russia will outlast Saudi in this price war because a low oil price at this point is a benefit for Russia, just as a huge price is a benefit for them.

If you understand that scenario, then you will understand why Nigeria is okay

mtisTheQubit:
You are arguing like a certain guy we call engineer aka kazi

your mind is small hence you cant comprehend things like this