Morpheus24's Posts
Nairaland Forum › Morpheus24's Profile › Morpheus24's Posts
1 2 3 4 5 6 7 8 ... 161 162 163 164 165 166 167 168 169 (of 260 pages)
The President did the right thing. He has adhered to the overwhelming voice of his people. It was an honorable thing to do. I applaud that. However here come the opposition sharks who now smell blood and will come with their promises of changing the country when in all honesty its merely a power struggle on what to control. Long live Africa and ALL its people. Change is in the wind. Now only if those fools to the south like Gbagbo will do the same thing. I doubt it though since most of the people are illiterate ethnic driven buffons |
DeeJay20:So what implications does the above have for African countries in terms of IMF loans? The only thing I am getting from above is the same "imperialist" redrick. The economic world order" reference. US is the largest shareholder ergo this is a scheme to wield overwhelming power over other countries. Since the cat is out of the bag now what? What you failed to include in your analysis is to mention the underlying reason most of these "other" nations were successful in implementing and successfully rebuilding their economies post World War two affairs. Factors that are lacking in most African countries involved in IMF/World bank economics that presents the problem of not being able to follow guidelines that would bring their economies out of stagnation. Here are a few pointers: 1. They already had diversified industries and developed institutions in faciliating the monitoring of fiscal policies and implementation procedures compared to unaccountable fiscal mismanagement and syphoning of fund practices which occur is rampant in most African countries i.e How did Mobutu simply walk away with millinos of dollars leaving his nation with a balloning 175 billion dollar debt. Is that the IMF's fault or responsibility? 2. Comparative advantage in reference to industrilized sectors of their pre world war II economies which again faciliated speedy recovery and shielded them from world economic crisis situations incomparison to most African countries who cannot boast for more than 2 to 3 industrial sectors in their economies and are affected majorly by global economic shifts 3. Lack of the ability to syphone large amounts funds out of the system and the continious beggar status African contries show The continious dependency on the IMF is what is killing African nations. They have a choice of not taking the money and finding alternative means of building capital and increasing revenue streams. Problem is they can't . African countries are stagnated by their own doing. They do not know how to implement macro economic policies, invest in innovative technics or generate multiples of money in an effective and efficient manner. They keep relying on the IMF to tell them what to do, borrowing without investing in sustainable growth sectors vis a vis the new legal methodology of syphoning money out of government. They have been relieved of tons of debt amounts yet still stagnated. South Africa is about the only good example of a country that engages in strong internal debates interms of how these loans will affect their regional and global standing before they go on taking on IMF loan obligations. The rest of Africa is indeed a sad story. DeeJay20:Thats a false statment otherwise give specific examples. The IMF/World Bank doesn't only deal in funding loans to distressed countries. Their tasks include but are not limited to partnering, consulting, providing implementation strategies for and in conjuction with their member countries in the logistical use of monetary loans and policy decision making. The failure of the IMF in any country is not soley based on the IMF but on the country itself. Therefore it is incorrect to conclude the above by only looking at what they do in terms of loan bailouts and funding issues countries face, The UN's millenium development goals was accepted by each country that signed on to its accord and in order to achieve its outlined objectives you need funding. Where are they going to get it from. They can't sell any worthwhile bonds to generate debt financing, They don't create environments in which innovation thrives, they don't have steady tax policies to generate incoming govt revenue, Even basic power and infrastructure is absent to facilitate a massive influx of FDI. Yet people like Govt fashola believes that sanctioning projects like the Eko Atlantic city project is a sustainable development goal for lagos to embark on? Is that the IMF's decision? Where are the priorities? African governments have no plan and have no direction, just running around in circles acting like they know what they are doing. It is not the IMF's job to continue to oversee and device solutions to African problems and before any one signed up with them I don't think they ever forgot to mention that they are profit driven entities that require a return on the money they loan out to people. If you don't want to be a slave to bankers n loan officers its either "YOU" understand what you are signing up for, if you don't then don't sign up, find drastics ways to repay your loans low enough to renegotiate terms with your creditor,device strategies to live within your means or default completely and take the hits of being branded a "no go are"a with the long term plas of rebuilding your finances from within by creating value in every aspect of your society. 500 BILLION DOLLAR total African debt and a further 93 BILLION per year needed to develop is irresponsible. We need to start taking responsibility of our future! Shikena! |
[quote author=Negro_Ntns link=topic=575932.msg7482100#msg7482100 date=1294415980]Here we go. . . . Daley, .another rogue investment banker employed to advice the President. Did not President Obama preach transparency? Everything with this appointment is muddy. He is the brother of the man who vacated the position in Chicago that the man who once held the position he has been selected to fill is aspiring to occupy. Got it? ![]() On another flip, he is a regional chairman of a 'too big to fail" bank that was on the TARP welfare handout. Transparency my butt! [/quote]Negro Ntnson a side note. Do you think the the government should have left the banks to fail. If yes why and what do you think the aftermath would be as far as the economy is concerned and if no then what do you see is the big issue concerning Tarp and government buying out Toxic assests. |
Middle easterners in general |
tunnytox:Anyone that uses the term "Imperialist" should be transported back to the days of the Roman empire. |
tunnytox:What is wrong with you people sometimes. Do you want me to tell you I have friends from Ivory coast too to authenticate what I am saying. What is it in the news that I am reporting to you. Did I tell you because The Western Media said Gbagbo should go that is why I am saying the same thing too. Pleae if you don't have any serious thing to say keep quiet |
superboi:Thank you for clarifying. You do have a valid arguement. My only interjection would be to go back further into the whole CIV calamity to find out why the rebels seceded in the first place. Some of these rebels were ex soldiers in the then formal army of the CIV and the disunity was premised on northern ethnic suspicions of their future faith in what was culminating to be a shift in power to the south to what was considered more ethnic Ivorians. They backed Alassane because he was seen as a representation of their struggle and indirectly became the military wing of his political party. The precedence should have been set then by Ecowas but there were other conflicting situations in Africa that required more attention vis a vis Ecomog just coming out of a taxing war effort mission in sierra leone and the Liberian aftermath. Nigeria was also newly transitioned into Democratic rule and needed that "legitimacy" to move forward in any other regional activitities |
superboi:Don't understand the correlation with Ivory coast and the rest of the situations you mention. Are you arguing for or against the rebel side in Ivory Coast? Clarify. The UN is not supporting a rebel troop but the outcome of a said democratic election. Two different things. Gbagbo is playing the wait and see game in hopes that a power sharing deal at the most will be brokered. Fair enough from his perspective but extremely bad for West African politics and African politics in general. The French can't loose the IV if the IV is still heavily dependent on their former colonial masters. France is about the only powerful EU country that bear similarities to their political institutions, language and economic structures. China may be an alternative but I doubt the IV's have enough negotiation skills to get good deals out of that partnership. Ecomog (Nigeria in particular) is trying to assert itself again post the liberia-Sierra leone conflict resolutions. These high marks gave them a lot of leverage power in dealing with the international community and I believe the government feels this is an opportunity for them. French don't need to send in their troops if they have a proxy to fight that battle. Would you? |
cap28:I am speaking strictly in terms of West African politics without reference to What the "French" do in their former Francafrique coalitions. However if taking the former colonial power "France" into context. Its not a surprise that the underlying denominator is "Economics". Who is a more favorable candidate for them is who they will back. Thats no surprise again. Frustrating as that may be for the process and wanting the solution to be as easy as demanding the French to stay out of African affairs, the job of these African leaders is to understand that the French haved assumed that these African leaders are corruptable because of the lure of power, wealth and control and will seek what ever means to cling unto it engaging in mindless conflicts for resources they don't know what to do with. They therefore will continue to have a strong hold on their colonies politics because of dependency on their former colonial masters in defining the confines of their powers. What is necessary is that these African leaders fastforward themselves into the 21st century and inject new ideals, new sustainable frameworks into the political arena recognizing that the world is Global now, there's no going back, no continious pointing fingers at the French and no way they are going to avoid French interference by trying to isolate themselves from the international community on grounds of "soverign rights"( Zimbabwe is a case in point, lets see how Mugabe fairs) but are able to use these same concepts to mitigate the problem by clearly and openly working within the definitions of theirs and the world community views of democracies which cannot be disputed by their colonials or the "international community". The following countries are an example of the possibilites of this sort of shift to progress in Africa in terms of what I am alluding to and can be discussed in depth: Ghana, South Africa, Malawi, Botswana and Rwanda A synposis of my view on the following countries: France's backing of Paul Biya of Cameroun since 1982 Biya is not hostile to French interests in the country so I don't see a reason why he will not be supported by them. The French don't care much about the ethnic, religious or political issues of their former colonies in as far as it does not interfer with their mostly economic interests. Please note the use of "French" and not UN, US or International community. There really isn't any strong oppostion in cameroon cept the Anglophone south westerners who are disatisfied with the mostly frenchified cameroonians. Belgium and the united states backing of Mobutu of Zaire for 38 years?? The cold war had a strong influence on African politics at that time and Patrice Lumumba was an emerging leader with a tight socialist agenda coupled with seeking ties with the russians because of his detest for belgium economic interests. The US saw this as an ideological battle more so than an economic threat and got involved. The belgians understood the same and were more economically tied to their former colony therefore they sort a semi illiterte commander who had enough weapons and troop support to discredit and remove Lumumba asap. France's backing of Blaise Campaore of Burkina Faso since 1987 Sorry haven't studied anything about this particular country so can't speak to the French involvement however I would speculate that it is not so different from its neighbouring francophone nation politics |
RSA:Well said |
RSA:@RSA Gbagbo does not have enough troops and miltary power to survive a war against the UN backed ECOWAS and northern troops combined. He knows fully well he will not win. What ECOWAS is trying to avoid is ultimately the loss of lives of civilians who will be caught in the cross fire and a destablization of the region in terms of economics activity and refugees. Allowing Gbagbo stay on only creates a precedence for what future West African leaders will copy when faced with loosing a grip on power. It will become a norm within that region as usual and will the politics of the day for decades to come. Zimbabwe's situation is vastly disimilar to Ivory coast's problems in historical, military and economic contexts. Southern African politics contrasts to West African politics in many ways. the number of coup de tats and civil wars that have arisen within the West African region will clue you into the deeper ethnic and religious issues that plague it. A consequence of an incorrect balkanization of the region by colonial rule but for which the West AFricans can't seem to figure out how best to resolve and move forward |
cap28:Harsh regulatory measures eh? In what form? For what present benefit will that do in restoring a balance in the interim and the near future? how does this devise a stratgey in getting Greece out of its present predicament? I on the other hand would support and advocate for an increase in excise and other forms of Taxation i.e. V.A.T proposed by the programme and several of the austerity measures the plan states in reducing public sector wages, cutting social welfare programmes deemed to be overreaching and exploited and in addition increasing direct taxation on most of the institutions that played a part in speculative practices that contributed to the crisis. Call it right wing if you wish bro its economics 101. Cut spending/ Raise taxes, adjust input-ouput in the short term. Your narrow minded alarmist speeches on multinational entities doesn't allow you to think clear enough, assuming that the economic problem of Greece's soverign debt is solely based on the manipulation of entities like Goldmach sachs and the likes in business speculation and nothing to do with bloated government spending programmes. What you fail to mention to your audience is that these same govt borrow's money to fund their ever increasing social welfare programs as a means of maintaing the living standards of their societies knowing fuly well that they haven't invested in any worthwhile programs that are intended in the long term to increase global competiveness as a eventuality of generating additional revenue that would increase GDP and increase revenue into the government to service its debt obligations. Therefore if the people are aware of this fact and complacent they are likwise as guilty of the same crime in indulging in the same speculative measures as their private sector counter parts in hedging their bets on increasing revenue streams. on a speculative basis Who is more likely to increase these streams. The Goldman sachs or the factory worker who earns at least minimum wage, has a social security, credit cards, a house on mortgage, credit cards, free health care and govt subsidies . Last time I checked Greece was a democracy. The people can vote in and vote out people who are supporting these measures. Why don't they? Its a government of the people isn't it. These govts have been able to borrow cheaply because they have been viewed in the general market as being financial stable to pay their debts hence the capital transfer. The only reasonable solution to a problem like this would be to tackle the spending equation from both sides of, irrespective of what privileges the citizenry feel is too much or how businesses would percieve these restrictive policies. There in lies the dilemma for any sensible government that is livig beyond its means. Of course you can't see that. Oh by the way sorry to burst your bubble but I don't listen to CNN or BBC for anything other than political issues. Okay maybe BBC but only cause I like the way they pronouce their words neither do I side with a right wing, left wing or any other flapping apparatus agenda. cap28:I won't even dignify that statement cap28:The variable here is the expense of debt not necessarily SAP programmes. You view these instruments as detrimental to a socieety but I contend that only in as much as they do not produce their intended results of creating a favorable market perception that the said country can service its debts after the programme has been succesfully implemented. Ergo it can now borrow more money at substantially lower interests rates and without binding restrictions or obligations. In 1945 post world war 2 the united states stood at debt ratio of 100% (some say even more) to its GDP. Yet immediately preceeded the largest expasionary growth the US economy had ever experienced in addition to just coming out of a massive recessionary period. SAP's were not officially implemented however the implicit effects were felt as far as austerity measures go. cap28:Those are not the objectives of an intended SAP p. While most African govts are good at initiating massive cuts to balance its budget it has not and does not take the necessary dual step of increasing revenue potentials because it lacks the ability to do this to increase taxes on anything is vitrual impossilbe cept the multi nationals who are not in the business of letting profits go so easily The African story is complex because it as of yet cannot seem to revise policies to innovate, diversify and create indigenously grown sectors within its economies that will work as a catalyst to generate wealth and service the government vis a vis taxation. Stagnant on its investment side SAP will unfortunately have a harsh effect onthe lowest clas of society in terms of livin standards Bro i am tired of arguing with you cause its taxing when you have nothing to offer me intellectually cept one sided red rederick and African history 101 lessons. You are not a critical thinker just an obvious angry inflammatory propagandist who can't seem to see past his own ideologies and paints every other person and profit driven organization outside of his control as stooges and mind bending entities bent on dominating the world. Sorry you still remain a conspiracy theorist to me [quote][/quote] |
cap28:What dire consequences? Your problem is you continue to restate stuff without presenting any alternatives. Good reporting. Aljazeera should hire you as a reporter. You'll do well. What alternative is there for Greek? What do you believe will address the problem?. If I am guessing right then in your view its the same solution for African nations, to blame, ring to justice and hang all the elitists, corporate, government officials who brought them into this situation. yureka, Clap for yourself!!! The greeks have outspent what their government brings and were complacent in and have no other way to go than to implement SAP stratgeies to cut spending including all types of social welfare policies. Most of europe has followed suite because this has worked in the past but an alternative would be to negotiate long term strategic goals of concentrating on innovative solutions to increase competiveness thereby increase revenue in conjuction with cutting wasteful spending. The Africans IMF SAP strategies have been unsuccessful because of their broken down internal systematic and structural processess. now thats a real debate!. keep up your dissemination of information. I am learning so much more of what I already knew!. DOOMSDAY PROPHETS! |
DeeJay20:In the event that your above statment is targeted at me I suggest you present your own reasonable arguement on the reasons IMF loans have not suceeded in various African countries rather than kissing someone elses a.z.z |
cap28:I am sorry my friend don't pat yourself on the back so quickly. This was never a debate in the first instance. An unbiased analysis would take mutiple factors into consideration when arguing a side and you are simply arguing outside of the fringes of my platform of reason. Ergo I cannot continue a debate with you and refuse to waste any intellectual energy on you. Anyone that brands people as zombie puppets and stooges dismisses and diminishes those individuals intellectual capacities and hinges on a precipice of extremist view points. Take our exchange as a win if you so please. cap28:The only thing you have suceeded in doing is repeat a common version of what most intelligentsia's already "comprehend" as sum part of intrinsic problems plaguing most African countries. Your excerps, arguements and ramblings are not unique nor peculiar to the Ivory coast nor does it drive home any point in particular or advance any progressive measures other than the usual alarmist point of the Imperialist stealing our wealth/resources. I am not interested in rehearsing the "problems" as they are quite evident within any African context. cap28:I repeat I do not need a rehearsal on the evils of neo colonialist activites in African affairs. What you are presenting to me are "cause and effect" analysis without a valid presentation of an agenda other than plays on puppet masters and backroom handshakes. The only clear thoughtful arguement in your entire historical lesson is on the statement of the SAP programmes not work . The only debatable "process' driven portion of your entire monlogue. What do you want to happen? Who did you expect France to endorse in the first place? given these past analysis is Gbagbo therefore a better candidate_ based on what premise_Pat performance, present performance, his height, weight? This aint a debate. Its African politics 101 class. Tell me something I don't already know, please cap28:What is your point and what are you tyring to drive home? That France interfes in franco-African countries' affairs (got it). That the principles of capitalist enterprises require an exploitaton/manipulation of at least one factor of production in the attainment of profit( clear as crystal). That African leaders are prone to corruption through bribes ( wow thats a revelation!). Since most of the middle class of any society who are HISTORICALLY the motivators of change within any society are in self imposed economic exiles outside of the systems they bark loudly at What next? To the undiscerning eye it looks like you are saying something but you really aint? cap28:You must be assuming that I am scared of or have not considered somesort of bloody revolution in Africa as a result of this "noose" you allude to. Hmmm a possibilty but non the less a less likelyl reality. We can debate that. Again this is African History 101 as far as I am concerned. I do not need a "reporter" to clue me . A true critical thinker would highlight all the cause and effects and in addition address them. You have made clear that you are waiting for that revolution against an invading elitist class and will only reason within those confines now run Tell it to those people kiddies who run around clueless about African politics lets see if this will occur in your life time. |
@cap28 I conceed I am a brainwahsed puppet by the imperalist leaning of the western economic standards. I am simply regurgitating every single thing I have learnt form them. i can't apply simple analyssi to a sitution when presentedn. I now realize the West is evil and we need to wipe them out from the face of this earth and create a new revolution of black African empowerment and free our people from these imperialists Long live the struggle. Long live Africa. We shall be FREE some day as soon as we figure out how to get these cockoraoches of our backs. They have stolen from our continent, destoryed our way of life, imposed their western cultures on us, persuaded us to degrade our cultures for the adoptino of theirs, destroyed our climate, turned us against each other by dangling carrots infront of us and emphasized our differnces Controlled our economics by pouring aid and loans into our governments, used mind controlling systems on our leaders, their ultimate goal is to see us wipe each other out while they ferry away all our resources for their survival. Count me in Cap28. When the revolution starts I will be ready to join you. STUPIDITY, CONSPIRACY THEROIESTS AND PROPANGAist HAVE MENTAL DISORDERS. Where are your facts. Please keep your rederick to illiterate fools who might be mesmerized by your ability to retain irrelevant information. To insinuate that taking a side in an arguement is fosterd by western media propaganda is an insult on my inteligence and I awill not indulge in sentimental b.u.l.l.Poo. Good luck on your hollow stance |
cap28:Quattara is more politically and academically qualifed with past government expericence in tryng to tackle the issues that presented and still plague the Ivory coast. During his time in government the concentration was not on the consolidation of power under ethnic lines but on the resolution of economic woes whether you deem that as pupperting or not. The man earned a decent leving pre his appointments as Finace minsiter and Prime minister of the country only to be by past based on ethnic grievances. Is Okonjo Iweala a colonialist puppet simply because she has ties to the World bank and the IMF post her appointment into government and has presened suggestion based on hework expericne with them to bring change within Nigeria Gbagbo's socialist stance is irrelevant in a new era where the state does not need to consolidate the factors of production to facilitate and equal distribution of resources or wealth, build the institutions an the atmosphere condusive to facilitate the process I do not need to be brainwahsed to use cognitive abilities to critically analyze complex systems that are being practiced round the world in realizing who is better torun a country. The Whie mans is not a consequence of that . The evidence is |
cap28:I used to be in the history 101 business a couple of years ago, but came to realize it has nothing to do with critical thinking in terms of presenting tangible suggestons and providing resolutions to solving the underlying problems prevalent in African natiaons. A |
ElRazur:Exactly my point. All this history lessons by cap28 don't really do anyting for me. Is Africa the only continent that had colonial masters. How did the others seem to figure out their issues. Please Stop blaming the colonialist and start pointing the finger at the people who are in positions of responsibility |
cap28:What damage are you speaking of. Please elaborate. For a historical buff wonder why its seems to have crossed your mind that fact the Ivory coast experienced the most succesful economic years under the rule of someont tied with the french so much so that people from neighbouring coutnries flocked in the Ivory coast and never left till this day compared to the era of a socialist who came into power on the guise of labour unionism and equitable distribution of income who has yet to implement one law that has brought any progress for his people. and please don't give me that he ahsn't has time and the french are squeezing his hands. We live in an era of acess to information like no other time and are able to leverage this to create sustainalbe progression in each of our soceities by partnering with numerous countries in the world. cap28:I have youjust haven't been paying attention. Remove the ivorite tribalist socialist and put in the economist who was dielined bcuase of his ethnic background despite his proven ability to work within the governmetn and produce economic results |
cap28:History leson101. Tell us somethng we already can't figure out. Like what best to do to resolve the conflict instead of projecig your innate hatred for former colonail masters. Thats obviousl not going to solve the prolbem. Nigerians all talk no strategy |
Remind me not live in a country full of emotional retards. |
1 2 3 4 5 6 7 8 ... 161 162 163 164 165 166 167 168 169 (of 260 pages)

[/quote]Negro Ntns