₦airaland Forum

BabaCommander:
You would be better off deleting your Nairaland account than waiting for me to delete the comment. Of course you should do that after frying your kunu.

BabaCommander kindly delete your comments from my thread, this is an intellectual read only thread

The scam

Now, here is how the scam works. Since the US saved its ‘thing’ by replacing gold with oil, it could print money at will, and it never stopped since then. The US prints papers and can buy as much oil as they want. Also, the US could print money to buy all the stuff on earth. How this happened? Well, think about China - it’s a big big country that required huge investments in infrastructure. In short - it required “infinite” oil. So, China would go to the Arabs and would ask for oil - the Arabs would say they sell only for USD - the Chinese would go to the US and would ask for USD so that they could buy oil from Arabs - and finally, the US could print its money and buy everything China has to offer. The same is true about Japan and many other countries that don’t have oil. So, since Japan and China needed so much oil, they said to the US - let us sell all of our stuff to your country so that we could accumulate more USD. And the US said - yes! that’s what we wanted! So, this is why China-US economies are so tied.

And this is why the US is called a consumption economy (consumption accounts for 70% of the US GDP) while China is called a production economy (consumption accounts for only 34% of Chinese GDP)

Epilogue

Imagine a world where Nigeria could print out its own currency uncontrollably, would we ever experience inflation due to currency scarcity

The scam rises under petrodollar

So, the US basically betrayed the world renouncing international gold standard. Under these conditions, the inflation would go so high that the US dollar would lose the biggest part of its value. But this can’t happen when the smart guys manage the US. So, while the US dollar was not backed by gold and the US decided its dollar can be a floating currency (fiat money), the US decided to make some agreements with Saudi Arabia.
The US would give Saudis a lot of stuff (much of which is secret till today) and all the Arabs had to do was this:
The Saudis agreed to price all of their oil sales exclusively in USD
The Saudis would be open to investing their surplus oil proceeds in US debt securities
Soon, more OPEC (oil producers) countries joined and they benefited from US protection in exchange for selling their oil exclusively for USD.

Preconditions of the scam

The USD acted as a scam even at that early stage. The Fed (US Central Bank) printed money out of control and the US gave these papers in exchange for real goods. Now, the essence of this scam here and later is this - to print money (just some fake papers made of textile) in exchange for real goods. To avoid inflation inside the country, the US exported its inflation in Europe and Japan under the Marshall Plan and other projects, providing grants that totaled $50 billion within some years. So, the US printed papers and granted Europe only with certain conditions of course (they shaped the EU politics in fact).
The French President de Gaulle and other leaders from other countries wanted back their gold in exchange for USD at $35 per ounce, as agreed earlier. This is where the US gold reserves got reduced and the US was scared, so that it wanted to get out of Bretton Woods agreement. In 1971, Nixon announced that the US won’t give its gold in exchange for USD and the latter has value by itself (see Nixon shock). Basically, the US printed so much money that its gold couldn't back even a small portion of USD supply. The US tricked the world.

is well known that the US is the only country that can print money without control. But how do other nations of the world accept it? In this article, we will find out how (and why).


Here is how the US dollar scam works:

Background

The USD was chosen (imposed) as the world reserve currency back in 1944 at Bretton Woods. This is because the US had over 20,000 tons of gold - the biggest gold reserve at that time (70% of all the gold from global reserves).
The US was decided to pay $35 for an ounce of gold.

Stop celebrating First class degree
Start celebrating First class research projects

Dotwillis1:
oh God pick our calls and re-write our own story o!! ....Amen somebody??

Amen

Some time ago someone wrote an article about Lagos state forgetting the sacrifice of Dr Stella because they failed to put up a poster in honour of her bravery and sacrifice...see here https://www.nairaland.com/3776914/lagosian-photoshops-late-dr-adadevoh#56165982

But I recently found that to be false.
There's a beautiful permanent painting of her along the bridge in Ikeja heading toward the airport.

In my opinion a painting is more befitting as its last longer relative to just a banner that would soon be off the road

queenDD:
Michelle is the one for Obama, she was destined to be the first lady.

But why is this coming up now when Obama is no longer the president? Na wa.

because she probably didn't want to be tagged a gold digger while he held office

bkool7:
Your guardian should keep it for you until you're 18

are you sure your a Nigerian?

SeunEgbegbe99:
I am a Yoruba man and I hate my tribe, we are very lazy and dirty, I wish I was Igbo even if I hate to admit it, I wish God could change things

hmmm..totally out of context here

I wonder if he had married a white woman ..he might not have had the full support of the black society

Hmmm

TrapQueen77:




I bet she regretted her decision for turning down Obama's marriage proposal...

Her mom had a hand in that decision too

Sheila Miyoshii Jager, his love interest, refused his advances at the time because her mother said she was too young. She was 23 and Obama was 25.

The two continued to see each other, but Jager told Garrow that shortly after the proposal, Obama became more ambitious.

“I remember very specifically that by 1987, about a year into our relationship, he already had his sights on becoming president,” she said, according to the book. She told Garrow that Obama’s “resolution of his black identity was directly linked to his decision to pursue a political career,” according to the review.

Jager is of Dutch and Japanese ancestry. The review pointed out that Obama — who was a community organizer at the time — was eyeing a political run for mayor of Chicago or the US Senate. The review pointed out another book that said at the time, it could be seen as a political liability for a black politician in the area to have a wife who was not African-American.

The review pointed out that Jager, now a professor at Oberlin College, was all but written out of Obama’s famous book “Dreams From My Father.”

Obama went off to Harvard Law School and met Michelle Robinson at the Chicago law firm where she was employed, wrote Garrow, who received the Pulitzer Prize for his biography of Martin Luther King Jr.

“Barack and Sheila had continued to see each other irregularly throughout the 1990-91 academic year, notwithstanding the deepening of Barack’s relationship with Michelle Robinson,” Garrow wrote, according to the review. “I always felt bad about it,” Jager reportedly said

Don't mind them...well done ....I will hereby dedicate all my profile pictures to her until I notice her own bill board

They are only interested in financial success stories not humanity success stories

She saved millions of people that only God knows the figure

RIP
If its bbbnaija now they will know how to acknowledge and celebrate the person

Edit
I recently found this along Ikeja under bridge

susrite:



Brother, may whatever you serve give you a huge surprise this month. #shalom

Amen. That's the living God.

thesicilian:
I thought it was going to be completely free for all

nope the only thing free is entry

susrite:




Oya take 08/1 3/7/560/560. mail down

Sent it check your balance

dingbang:
mentioned u already.. Thanks

sent it check your balance

dingbang:
Nice one . op I sight u

Well done just find a way to get your number and network across to me this Nairaland messenger is not going through

1. The crowd will increase exponentially with time till it becomes difficult to move around. So go early

2. Nothing is free, not the food nor the drink. Everything has a starting price of 500 naira and the average price of commodities is 1000 naira. So plan a budget

3. There are a lot of single and searching girls in the venue. They are exceptional beautiful women too, but in ratio a lot of women attended yesterday's program relative to men. So package yourself

4. You don't have to be a Gtbank customer. So everyone is invited.

5. There's a high focus on foreign foods,desserts and drinks. So don't go thinking you may find exotic amala and egusi soup. You may however find exotic akara

Attend today's own at water corporation, oniru,ikoyi

Here's a list of all the businesses that signed up to showcase and sell their products
Candy town ng
Coco ribbon doughnut
Cake flair
Limlim dried fruits
Donuts and crumbs
Reddish chronicles
Bubble tii

Mehilas_bake
Honey frosting cake
IG @honeyfrosting
Vanilla bake house
@vanillabakehouse
Noodles asunese
Agoyin special
Tastee
Ginger tapas & grill
Laredo
Jamo-afrique restaurant
Afrolems
Breakfast at Eros
Smokey bones restaurant
Chef Benedict
Hse cafe
Xo boutique bakery
Www.iluvdessertsng.com
Proudly 13mins
Ibot exclusive
Delibakes cakes and pastries
Green grill house
Limehouse
Uwa earth food
Nuli juice
Aramis natures superfoods
Simply green juices
Mehilas bake
States farm foods
Kaldi Africa limited
Sweet kiwi Frozen yoghurt
Lekki farms
Nextgen farms
Autumn foods
Art of living Nigeria
Red palm oil
Fresh direct farms
Oryx foods
Baylow foods
Ope farms
Forthworth farms
Farmers place
LA boucherie
NICs butchery
Grandios pap
The fish shop
Mg cube global resources
Acaraje
Celplass farms
Slim olobe
8ttes finger likin chef8tte
Bk foods
Booze culture
Mo -grills
Grind grill
100 hours African restaurant
Foodshack
L'afric restaurant
Nuts about cakes
Linez tea shop
Dumchi foods
Wilson's lemonade
Nadim foods
Candy crush
Brittany s place limited
The snail place
Simply foods Nigeria
The daily bread
The potato twist company
Mimies homemade
Honey's cupcakes
Victoria drinks and extra
Nellie's
Mr ekpa
Vanco smoothies
Sehai foods Ltd
Food convee ltd
Bubez pap
Eleojo foods Nigeria
Lawlas confectionery
Esemdees sweet treat
Frootychoos
3mat
Victoria treats
Chloes Gourmet popcorn
Andie's candies
Moo dairy
Nostalgic African treats
Nikita waffles
I love candy

susrite:



Ha! In this open space. You want them to steal my number?

I didn't say share your number, I said send it

dingbang:
where my own reward?

try making FTC on any of my later writings

susrite:


Thanks for the tip. I'll reward you later

Congratulations on been my first to comment
I'll reward you now
Send me your number

1. The crowd will increase exponentially with time till it becomes difficult to move around. So go early

2. Nothing is free, not the food nor the drink. Everything has a starting price of 500 naira and the average price of commodities is 1000 naira. So plan a budget

3. There are a lot of single and searching girls in the venue. They are exceptional beautiful women too, but in ratio a lot of women attended yesterday's program relative to men. So package yourself

4. You don't have to be a Gtbank customer. So everyone is invited.

5. There's a high focus on foreign foods,desserts and drinks. So don't go thinking you may find exotic amala and egusi soup. You may however find exotic akara

Attend today's own at water corporation, oniru,ikoyi

Here's a list of all the businesses that signed up to showcase and sell their products
Candy town ng
Coco ribbon doughnut
Cake flair
Limlim dried fruits
Donuts and crumbs
Reddish chronicles
Bubble tii

Mehilas_bake
Honey frosting cake
IG @honeyfrosting
Vanilla bake house
@vanillabakehouse
Noodles asunese
Agoyin special
Tastee
Ginger tapas & grill
Laredo
Jamo-afrique restaurant
Afrolems
Breakfast at Eros
Smokey bones restaurant
Chef Benedict
Hse cafe
Xo boutique bakery
Www.iluvdessertsng.com
Proudly 13mins
Ibot exclusive
Delibakes cakes and pastries
Green grill house
Limehouse
Uwa earth food
Nuli juice
Aramis natures superfoods
Simply green juices
Mehilas bake
States farm foods
Kaldi Africa limited
Sweet kiwi Frozen yoghurt
Lekki farms
Nextgen farms
Autumn foods
Art of living Nigeria
Red palm oil
Fresh direct farms
Oryx foods
Baylow foods
Ope farms
Forthworth farms
Farmers place
LA boucherie
NICs butchery
Grandios pap
The fish shop
Mg cube global resources
Acaraje
Celplass farms
Slim olobe
8ttes finger likin chef8tte
Bk foods
Booze culture
Mo -grills
Grind grill
100 hours African restaurant
Foodshack
L'afric restaurant
Nuts about cakes
Linez tea shop
Dumchi foods
Wilson's lemonade
Nadim foods
Candy crush
Brittany s place limited
The snail place
Simply foods Nigeria
The daily bread
The potato twist company
Mimies homemade
Honey's cupcakes
Victoria drinks and extra
Nellie's
Mr ekpa
Vanco smoothies
Sehai foods Ltd
Food convee ltd
Bubez pap
Eleojo foods Nigeria
Lawlas confectionery
Esemdees sweet treat
Frootychoos
3mat
Victoria treats
Chloes Gourmet popcorn
Andie's candies
Moo dairy
Nostalgic African treats
Nikita waffles
I love candy