₦airaland Forum

omonnakoda:
Money has existed before governments and exists without government so the idea that Fiat money only derives from government or regulation is erroneous

The majority of buyers of gold do not use if for any of its so called uses. I assert that its price is driven mainly by those who we may categorize as savers,investors and speculators NOT industrialists,dentists etc
The price of gold almost doubled and then halved since 2008 this has /had nothing to do with any of those USES you are talking about if anything that use has been increasing so why is the price falling. The answer is quite simple ; that component of the aggregate demand for gold is relatively small compared to Bullion purchase and other "investment" saving activity. Also most of the gold trade in the world is in future/contracts which is way out of sync with production volumes. Most of gold trade is on exchanges involving no gold actually changing hands.It is all based on confidence

Educate yourself. If you knew Latin you wouldn't even attempt to argue whatever point it is you think you have.

https://en.wikipedia.org/wiki/Fiat_money

Fiat money is currency which derives its value from government regulation or law. The term derives from the Latin fiat ("let it be done", "it shall be".[1] It differs from commodity money and representative money. Commodity money is based on a good, often a precious metal such as gold or silver, which has uses other than as a medium of exchange, while representative money is a claim on the commodity rather than the actual good.


The complete opposite of what you are claiming.

omonnakoda:
I do not dispute ANY of the foregoing all I am saying is there are no absolutes in life .Always there is much in between.I believe there is plenty of merit in the the argument that all money is fiat money. The argument ,in my view, should not be dismissed out of hand.
The price of gold has little to do with its utility , gold has been valued long before modern dentistry.Gold is not more useful than Iron it just happens to be rarer. If there was exactly the same amout of Iron and Gold in the world which would cost more
It would be interesting to study the history of gold in some detail. e.g Legend has it that after the visit of Mansa Musa to Mecca gold was devalued for more than a decade still it would be useful to agree on some definition of "VALUE"
It would also be useful to define "MONEY" and we cannot escape the fiat nature of money whatever it might be

I used dentistry as an example but the bold is wrong - I'm not going to sit here and list all of gold's uses.

That is precisely why it is so valuable.

Gold is the most malleable, ductile natural metal there is. It is also hardy and resistant to acid attack.

This makes it both useful in industry and as a means of storing wealth.

Would you pay the storage space to keep a secured vault full of old decommissioned Naira notes if you knew that they had no value? Many people are willing to pay vault fees to keep their gold safe for years - because it a holds its value, unlike fiat currency.

Fiat money is currency which derives its value from government regulation or law. The value of gold has nothing to do with any government declaration or legislation.

This nonsense again?

Instead of crying about Biafra why not simply develop your state(s).

Or organize yourselves politically to push for a weaker federal government.

omonnakoda:
There is SOME merit in the argument that all money is fiat money. I think we need to be flexible in how we think about these things .Things are not always absolute.
As far as the "universal value" of gold is concerned ,what does the word "VALUE" mean?. Somehow I believe it means different things to different people in different places at different times. Even cannabis and guns have value as did NEGROES once upon a time

Gold can be used for practical reasons (dental, in machinery, electrical components etc) hence why they have value - for it to be used as a form of currency is not its only function.

Human beings, as labor, do indeed have value - women are still traded as chattel by some.

Fiat money is government issued paper, incomparable to gold, silver or even bitcoin. Paper money cannot be used for anything other than to be exchanged for something else that is needed. Unlike gold, not all fiat currency is deemed valuable, globally. Wherever you go in the world you will be able to find somewhere where you can trade in your gold/silver coins/bars, that is not the case with a majority of the world's fiat currencies and that is what I mean by 'universal value'.

Tina Campbell of the gospel duo Mary Mary continues to struggle with her husband's admitted infidelities on season four of her reality television series "Mary Mary," even resorting to fits of anger resulting in gunfire.

Campbell, who stars on the WE tv reality series with her sister Erica Campbell, has been very open about her marital problems with husband Terry Campbell, who recently admitted to several extra-marital affairs. A new teaser clip for the reality series reveal the extent of the gospel singer's emotional outbursts over the betrayal: the destruction of her husband's car with a gun. In the new trailer for season four of "Mary Mary," Terry Campbell's vintage convertible is unveiled, revealing extensive damage due to bullets.

"We had some days that were really bad, and the car is a clear indication of a very bad day," Terry Campbell explains in the trailer. "It was my car and she thought I could have been riding around town with another woman in the car, which wasn't the case. My wife, in her pain, wanted to hurt me."

The trailer also features Tina Campbell's rage, including shouting and tears as the singer and her husband attempt to work through the betrayal. Toward the end of the one-minute trailer, Terry motions to the car as a gesture to Tina that their marriage can survive the recent turmoil.

"I want you to be happy, I don't want you to have any bad memories, I only want to create new ones," Terry tells his wife as the car is towed away from their Los Angeles home.

"Thank God we're in a better place; our good days definitely outweigh our bad ones, by far," Terry notes at the end of the clip. "We're still working hard. I want Tina to know that I'm gonna fight for her and my family."

While the trailer does not feature the moment Tina took a gun to the car, VladTV confirmed the true story of the gospel singer riddling the vehicle with bullets. Fortunately, no one was in the car at the time of the incident.

Over the past three seasons, WE tv's popular series has featured sisters Erica and Tina's faith undergo the ultimate tests as their world was turned upside down with Terry's affairs and the death of a family member. Season four, which kicked off last week, follows Erica's solo career outside of Mary Mary as well as Tina and Terry's continued road to marital recovery.

The power of self-delusion.

Curvinus:
All money is fiat money....

Gold/Silver coins are not 'fiat' money - they have universal value as metals, they are commodities.

Bitcoin is not 'fiat' money - it is mined by computer calculations, entirely independent of any government.

You don't know what 'fiat' means.

haibe:
The only explanation I have for your sentiments is because you have been influenced by superstitions from your tribe or religion.

Taking picture of the dead is not wrong. All you are saying doesn't make sense honestly. What has taking picture got to do with respect of human. If I can take the picture of the living, why can't I take the picture of the dead. Please keep your doctrines to yourself, not everyone will be foolish to buy into them. And please try to be a free thinker as the rate of your emotions in thinking is alarming. Think like someone who has a brain, not like someone who has been taught to think in one way

All four of my grandparents are from different places, some of them different countries - so what 'tribe' do I belong to?

What religion is that you claim I belong to?

You gave a false example - claiming that in the US such pictures are appreciated. That is a patent lie. Part of the reason why groups such as Boko Haram are so roundly criticized is not just because they murder people (the Americans do too) but because they transmit images of the these violent deaths and dead bodies. American troops have been criticized for taking images of themselves alongside dead bodies - we now know that many of them were (and still are) suffering from PTSD (post traumatic stress disorder).

Most sane people do not wish to see dead bodies or images of dead bodies - especially of family members or friends. That you cannot understand this most simple of points is evidence that you have very low emotional intelligence and no understanding of mental health.


P.S.
You might want to read this - Nigerian journalist questions media's habit of picturing corpses: http://www.theguardian.com/media/greenslade/2010/aug/10/news-photography-nigeria

haibe:
You are such an unintelligent folk if you still insist that taking a mere picture of the dead is bad. Wait how do you think you are able to see documentaries of the 1990s today? You think some people haven't taken random pictures of dead people in WW1? You think taking pictures doesn't serve as a prove of something? Why not use your head? How can you assume the person who took the picture was the one who uploaded Iit online? How can you be this unwise to reason like this.

I am disappointed that an adult (probably) will reason like you. Well I don't blame you since you have probably been influenced by your superstitious folks who might have taught you that the dead are like gods and so you can't even take their pictures. This only happens in Nigeria probably because in the US for example such pictures are even appreciated as they serve as a great information for those who need it.

Please wise up.

Upload a picture of 'gore' (a dead person would be the worst example) to a US based mainstream website and see what happens to your post.

In such a scene elsewhere the body would have been covered in a body bag. It would also be considered insensitive to post such pictures in a newspaper, website or to show on a television.

You clearly have no respect for the sanctity of human life.

People are warned before 'shocking scenes' (dead bodies etc.) are shown in documentaries because it is not something that most (sane) people wish to see.



P.S.
I'm amazed how you people need 'proof' for everything apart from your childish religious beliefs that many of you cling to as a child clings to a mother's teat.

A lot of aggressive, stray dogs in China.

The man should have known better.

I hope this offensive forces people in Africa to realize how much more beneficial it is to work with your neighbors than to wait for the mythical benevolent oyinbo to save you from your problems.

ShutdownBrown24:
What a terrible sitiuation nigerians find them self! No good road,no qualified drivers!
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Most nigerians driver some time take weed b4 driving.

@
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http://Www.naijabiggists.com

The roads in Abuja are fine and that road has no issues.

The issue was the road-worthiness of the vehicle.

So she wants to be chattel?

Will she then do whatever he asks of her seeing as he has purchased her?

Is he free to beat her because she has been purchased?

What is the difference between paying a 'bride price' and purchasing a slave?

They signed up to kill or be killed.

Unfortunately for them it was to be the latter.

You don't realize how the Naira has depreciated since then if you think that price was 'cheap'.

All fiat currencies depreciate - they are not backed by anything.

This post could have been shortened to "ensure that you have large wallet; wear an extravagant watch; feminine shoes,; silk shirts; drive a German car".

You don't even need to pretend to believe in the same childish mumbo jumbo that they do.

The pledge, made in an audio recording released on Saturday by Boko Haram’s leader Abubakar Shekau, had been in the pipeline for some time.

Just last week, the Nigerian jihadists released a video appearing to show the decapitation of two men. The method of the killings, but also the professional production value of the footage, eerily mirrored the work of the so-called Islamic State, often known as IS or Isis.

That, analysts worry, could presage tighter links.

“It’s something that has been developing over the course of at least nine months,” said Peter Pham, director of the Africa programme at the Atlantic Council think tank in Washington.

“Both groups need this right now. They need a propaganda coup to raise morale and attention because they are both suffering setbacks in their military campaigns.”

After a whirlwind seizure of territory across Iraq and Syria last year, IS expansion in its core territories has been stalled by local forces backed by the United States and Iran.

“For Isis, it’s an opportunity to present themselves as ever-expanding, to enhance their aura of inevitability. It’s a propaganda victory. And for that, all you need is a small camera and an Internet connection,” said Pham.

Continual territorial growth is a key part of the IS narrative, under its slogan “remaining and expanding”.

“In Syria and Iraq there has been little to no ‘expansion’ in recent months, so the main benefit for IS is propaganda, if Boko Haram’s prior eccentricities can be restrained,” said Aymenn al-Tamimi, of the Middle East Forum research group.

Meanwhile, “on Boko Haram’s side, the main benefit would be to secure financial support and an influx of manpower.”

Growing the caliphate?
IS, which declared itself a Muslim caliphate last June, currently has 25 provinces, known as “wilayats”, spread across Syria, Iraq, Libya, Yemen, Algeria, Saudi Arabia, Egypt, Afghanistan and Pakistan.

Boko Haram has not yet announced if it wishes to become a wilayat under IS – a decision which could be seen as an awkward climb-down for its leaders.

“Boko Haram has already announced the creation of a caliphate on their territory, and there can be only one,” said Morten Boas, a professor at the University of Oslo.

The group similarly pledged allegiance to Al-Qaeda several years ago, but little concrete followed in terms of what was happening on the ground.

According to Boas, “Boko Haram is using this to try to seem more powerful than they really are.”

“It’s something they have been very good at – make people afraid of them. They have captured places because the ordinary Nigerian soldiers were afraid and ran away. It’s the best weapon available for a movement like them.”

But in the longer term, the pledge of allegiance could turn into something more solid, reinforcing both groups – particularly if Boko Haram can build ties with other IS affiliates in places like Libya.

Although Boko Haram has used weapons-trafficking networks that link it to militants in Libya and other parts of North Africa, there have been few direct ties up to now. That contrasts with jihadists across North Africa and the Middle East, who often travel between war zones, building close personal ties and fighting alongside each other in different conflicts.

“There are not these pre-existing connections with Boko Haram,” said Pham.

But the pledge of allegiance “could prepare the ground for some sort of collaboration between Boko Haram and IS in Libya,” said Boas.

“And that could be really dangerous.” – AFP

http://mg.co.za/article/2015-03-10-experts-boko-haram-and-is-tie-up-is-just-propaganda

haibe:
Well I see you are just a sentimental person who doesn't know how to differentiate between stating an obvious fact and expressing feelings. I will pass you by, I hate debating with those who don't see things factually but always add emotion. You would be a very bad lawyer..

Human compassion and mental welfare are incredibly important, equally as important as physical health.

Human privacy, human decency, regard for the sanctity of human life are integral for the mental health of an individual and of a society.

To live in a society whereby individuals are intent on taking pictures of corpses to spread on mainstream forums is suggestive of a sick culture.

That you dismiss such an issue so readily is indicative of someone who is grossly uninformed.

If that is 'Yvonne Nelson' then who is this?

[img]http://wwwafricanmoviesnewscom.c.presscdn.com/wp-content/themes/amnews/thumb.php?src=/wp-content/uploads/2012/07/Yvonne-Nelson1.jpg&w=432&h=292&zc=1&q=100[/img]

haibe:
Now how does this translate to a person who took the photograph of a dead person. You are just not making any point because with improvements in technology, all these things are bound to happen. Stop being sentimental and face the truth. Even atomic bombs would get to the wrong hand and will be used if desired. Same with the normal.bombs and gins book haram use. You cannot stop the misuse of anything in life (even though I don't see the picture taking as misues). Face the fact Bro. I love my fellow humans but that doesn't mean I should hide from the vivid truth

You have no concept of human dignity.

That much is evident - which is why you see no problem with taking a picture of a dead person.

This isn't a technological debate - this is about your failure to see how damaged you are as a human being. Your lack of human empathy is disturbing.

If your father died would you be stood over him 'snapping' a picture?

haibe:
what I don't like is when people get sentimental about things even though the truth is clear. It's the same way some people who have been sentimental about the existence of an atomic bomb in the 1800s.

I won't blame you sha, it's normal to have the feeling to avoid this things but you just can't overthrow technology.

We have atomic bombs but when was the last time that one was used?

Those that have them understand that the power comes with responsibility.

You are the polar opposite - you quite patently fail to understand your social duty to your fellow man.

Marsatto:
Ever heard of a "Noble profession"? It is not all about money bro!

Farming is noble - produce necessary goods that people need.

Tailoring is noble - people need clothes.

Doctors are noble so long as they promote a healthy lifestyle first and foremost - only resorting to drugs and other means when it is vital.

Teachers are noble when they are not left with too many charges and show a regard for those that they are teaching.

Drivers are noble when treated fairly.

Builders are noble, when they are honest.

Lawyers are noble, when they act with integrity.


There are a number of 'noble' professions.

A blogger or a gossip columnist is a trouble maker, the most ignoble of professions. Even ashewos are more respectable - at least they can argue that what they offer is a fair exchange.

haibe:
lol.. you are living in delusion if you are not seeing the way things are going. Technology is almost everything now not to talk of the future. Technology is one thing that always have constant improvement. In 20 years time you would even have a device that would capture all events without your express permission.

Wake Up Bro. . Keep Calm and understand technology.

People like you are dangerous, content to sleepwalk into a 1984-like environment.

You seem to be suggesting that human beings have no control over the technology that is used. Humans have a duty to treat each other with dignity. Your inability to understand the basic precepts of human compassion confirms what most tech experts say - the problem with technology is not the hardware, or even the software within but the stupidity of the user(s).

You fail to understand the importance of privacy, dignity, accountability, judgement or even basic human regard and should not be entrusted with anything, not even a mobile phone.

haibe:
The quick you realise we are in a world of technological advancement, the better. In 20 years time, you would even be blamed to to have captured the event when you had the device to do so.

'Technological advancement' does not justify a complete lack of decency.

In 20 years time CCTV will become even more pervasive/intrusive - your claim that private individuals will be admonished for not biting into the human dignity of their neighbor is misguided.

I don't know anyone would take such a picture (police authorities aside), let alone share it.


P.S.
ALL prayers are silly

Most of these bloggers are irresponsible with their words.

Linda Ikeji is no different.

A means of profiting from slander and conjecture.

So long as these are temporary then it is fine.

This happens in a lot of countries when new buildings are going up - the children will have their classes in portakabins.

The only country where this does not seem to be the case is England (from what I've seen) where 'temporary' portakabins have been used for 40+ years at some schools.

A real ashewo.

Or should I say 'ashawo'.

If you're going to cause mayhem as a criminal it would make sense to do so now whilst the country and the security forces are enamored with the election charade and distracted by the religious nutcases in the north east

haibe:
Nigerians are confused people, they forget religion when it gets to inter-tribal marriage.. hypocrites

Religion should be taken as a synonym for hypocrisy.

siraj1402:
What a man can do a woman can do better. More women are more criminal in nature than men of nowadays.

Nowadays?

I think that whoever wrote the book of Genesis realized that much, hence the Adam and Eve story.