₦airaland Forum

HENRY VIII
Under Henry VIII, England needed more money, so his chancellor started to debase the coins using cheaper metals like copper in the mix to make more coins for a more affordable cost. At the end of his reign, the silver content of the coins went down from 92.5% to only 25% as a way to make more money and fund the heavy military expenses the current European war was demanding.

OTTOMAN EMPIRE
During the Ottoman Empire, the Ottoman official monetary unit, the akçe, was a silver coin that went through consistent debasement from 0.85 grams contained in a coin in the 15th century down to 0.048 grams in the 19th century. The measure to lower the intrinsic value of the coinage was taken to make more coins and increase the money supply. New currencies, the kuruş in 1688 and then the lira in 1844, gradually replaced the original official akçe due to its continuous debasement.

REAL-WORLD EXAMPLES

THE ROMAN EMPIRE
The first example of currency debasement dates back to the Roman Empire under emperor Nero around 60 A.D. Nero reduced the silver content in the denarius coins from 100% to 90% during his tenure.

Emperor Vespasian and his son Titus had enormous expenditures via post-civil war reconstruction projects like the building of the Colosseum, compensation to the victims of the Vesuvius eruption, and the Great Fire of Rome in 64 A.D. The chosen means to survive the financial crisis was to reduce the silver content of the “denarius” from 94% to 90%.

Titus’ brother and successor, Domitian, saw enough value in “hard money” and the stability of a credible money supply that he increased the silver content of the denarius back to 98% — a decision he had to revert when another war broke out, and inflation was looming again across the empire.

This process gradually continued until the silver content measured just 5% in the following centuries. The Empire began to experience severe financial crises and inflation as the money continued to be devalued — particularly during the 3rd century A.D., sometimes referred to as the “Crisis of the Third Century.” During this period, spanning from about A.D. 235 to A.D. 284, Romans demanded higher wages and an increase in the price of the goods they were selling to face currency depreciation. The era was marked by political instability, external pressures from barbarian invasions, and internal issues such as economic decline and plague.

It was only when Emperor Diocletian and later Constantine took various measures, including introducing new coinage and implementing price controls, that the Roman economy began to stabilize. However, these events highlighted the vulnerabilities of the once-mighty Roman economic system.

WHY IS MONEY DEBASED?
Governments debase their currency so that they can spend without raising further taxes. Debasing money to fund wars was an effective way of increasing the money supply to engage in expensive conflicts without affecting people’s finances — or so it is believed.

Whether by traditional debasement or modern money printing, money supply increases have short-sighted benefits in boosting the economy. But in the long term, it leads to inflation and financial crises. The effects of this are felt most acutely by those in society who do not own hard assets that might counter the loss in the currency’s value.

Currency debasement could also occur by malicious actors who introduce counterfeit coins to an economy, but the consequence of being caught can in some countries lead to a death sentence.

“Inflation is legal counterfeiting, Counterfeiting is illegal inflation.” - Robert Breedlove

Governments can take some measures to mitigate risks associated with money debasement and prevent unstable and weak economies, for example by controlling the money supply and interest rates within a specific range, managing spending, and avoiding excessive borrowing.

Any economic reform that promotes productivity and attracts foreign investments helps maintain confidence in the currency and prevent money debasement.

MODERN-DAY METHODS
Money supply increase is the modern method used by governments to debase the currency. By printing more money, governments get more funds to spend but it results in inflation for its citizens. Currency can be debased by increasing the money supply, lowering interest rates, or implementing other measures that encourage inflation; they’re all “good” ways of reducing the value of a currency.

TRADITIONAL METHOD
Coin clipping, sweating, and plugging were the most common debasement processes used until the introduction of paper money. Such methods were employed both by malicious actors that counterfeited coins and by authorities that increased the number of coins in circulation.

Clipping involves “shaving” the coins’ edges to remove some of the metal. As with sweating, the resulting clipped bits would be collected and used to make new counterfeit coins. To prevent coin Clipping, the rounded edges of coins had grooves.

Sweating involves shaking coins vigorously in a bag until the edges of the coins come off and lay at the bottom. The pieces are then collected and used to create new coins.

Plugging was a way of punching a hole out of the coin’s middle area with the rest of the coin hammered together to close the gap. It could also be sawn in half with a plug of metal extracted from the interior. After filling the hole with a cheaper metal, the two halves would be fused again.

UNDERSTANDING DEBASEMENT
Before paper money and coins made of cheap metals like nickel, currency consisted of coins made of precious metals like gold and silver. These were the most sought after metals of the time, giving them value beyond government decree. Debasement was a common practice to save on precious metals and use them in a mix of lower-value metals instead.

This practice of mixing the precious metals with a lower-quality metal means authorities could create additional coins with the same face value, expanding the money supply for a fraction of the cost compared to coins with more gold and silver content.

Today, coins and notes don't have inherent worth, they are simply tokens that represent value. This means debasement relies on supply: i.e. how many coins or notes the issuing body allows to circulate. Debasement went through different processes and methods over time; therefore, we can define old and new methods.

MONETARY DEBASEMENT
Debasement refers to the action or process of reducing the quality or value of something. When talking about fiat currencies, debasement traditionally refers to the practice of reducing the precious metal content in coins while keeping their nominal value the same, thereby diluting the coin’s intrinsic worth. In a modern context, debasement has evolved to mean the reduction in the value or purchasing power of a currency — such as when central banks increase the supply of money, in the process lowering the nominal value of each unit.

It is the satanic ADL that is calling for Tiktok to either be outright banned or have its American franchise sold to Jews .

The reason for this is because majority of Tiktok users in the US are Gen Z and Gen Z is the most anti Zionist and anti Israel generation.

Gen Z are overwhelmingly sympathetic to the Palestinian cause and suffering and are the ones protesting against Israel the most either on the streets or on social media to which only Tiktok has given them unrestricted free speech to air their grievances against Israel and call them out for genociding children and civilians in the name of fighting Hamas.

The ADL alongside their puppets in the US Congress have given Tiktok the ultimatum to sell its franchise to Jewish media investors from where they will censor any anti Zionist and Pro Palestinian voice

Tiktok told them to fck off and so they are now pushing the fallacy that Tiktok is controlled by the CCP and must be banned.


America is a cesspit of Jewish corruption.

Go to internet archive and search for the book "The Jews must live " by Samuel Roth (a Jew) who exposed Jewish corruption .

The negroes of America are only flocking to Trump because they see their pampered welfare status seriously under threat from Biden's 30 million illegals .

They are also very afraid of Mexican and Latin American gangs that have flooded Dem cities and declared total war on every nigger.

MS-13 gangs in LA have even banned niggers from certain areas in the niggerhoods.

The FBI had to wade in to arrest some Mexican gang leaders who had earlier declared total war on black gangs in their own hood . Crips and bloods had to run to FBI for help.

Aside all that, illegal aliens are draining the once endless money pits that goes to sustaining the niggerhoods .

American niggers are gyrating to Trump because they believe Trump will deport illegals and then they will return back to being America's favourite pets.

Just like Haiti

platymus:
Well you are fool here because Ezekiel 38 speak of the earthly Israel. No matter God's covenant with Israel still stands. Study the book o Romans very well.

Christ Himself declared them as fake Jews of the synagogue of Satan


You are anything but Christian to reject Christ description of these brood of vipers.


Slaves

Akuruoulo:
I know the problem with pro Russia and Hamas like u will never stop perching on lies .

In buhari's voice.
Kwantinue

Normally , genocide supporting idiots like you with a death wish for global nuclear annihilation do not deserve to have a public voice beyond a shouting distance.

Pleb.

Righteousness2:
Russia and putin will wax strong for now and will keep raging but his fall will be in ISRAEL.
It will be a Great Fall that will Shake the World.

BABA is already Hooking his Jaw to drag him down to ISRAEL alongside the GogMagog collation of Nations headed by the likes of Turkey , Russia and Iran.

After ISRAEL wipes out Hamas, Hezebollah and the rest Terror squads around them. They will Have some relatively peace. In that season of relative Peace, Russia, Iran and Turkey will lead a collation of nations like Libya, Ethopia, and host of other nations to Invade ISRAEL from the Northern part for her Wealth.

The Expertise of the IDF and ISRAEL will fail them. GOD ALMIGHTY HIMSELF will personally Fight and Crush all those nation Mysteriously right inside ISRAEL.
The World Inhabitants will get to Understand that ISRAEL is GOD ALMIGHTY First Born and the APPLE OF HIS EYES.

See Ezekiel 38 to Have an Understanding of that War.

We are Living very Intresting times as Bible Prophecies are finding Fulfillment in Warp speed

Fool that thinks himself wise.

The real Israel is the church and her brethren and not some Turkic mystery meat Khazars descended from Cain claiming modern day Jew rats

If you truly are a Christian you will know that the convenant ended the day the Jews rejected and condemned Christ and accepted the curse of deicide on their heads and that of their generation to come.

70 AD and Heaven's wrath for killing both their Messiah and God's only Son , saw to the destruction of the Temple .

By 130AD, the land was totally cleansed of its Jew inhabitants by the sword of the Romans.

Have you asked your foolish self if your Jewish masters have repented from their hatred of Christ to warrant God to return them back to the land of the convenant ?

Fool.

Akuruoulo:
Russia for don start world war 3 if they had the might.
Even if european army flock's into Ukraine , russia won't do anything.

This is one of the most intense warfare since WW2 but surprisingly with the lowest civilian casualties.

Why? Because Russia is fighting to liberate ethnic Russians from Ukraine who have been facing genocide from Kiev since 2014.

Only about less than 10k civilian deaths have been reported and most of the deaths are from Ukraine forces who have no qualms killing ethnic Russians with indiscriminate artillery strikes on civilian areas.

Now compare with the ongoing war in Gaza which most people on ground say the civilian deaths have surpassed 200k and not the official 30k.

Russia is fighting a just war and is doing so methodically and not firebombing all of Ukraine like the way the Americans and Israelis carryout their cowardly campaign.

Just yesterday , IDF forces launched artillery attacks in Rafa. There are no Hamas in Rafa only civilians whom the same IDF ordered from Gaza to relocate to.

Hamas is still in control of 80% of the Gaza strip to which the cowardly Israeli Diaper Force have since pulled out from. In frustration , your Jewish slave masters have began targeting civilians in Rafa in what can only be described as pure terrorism to get Hamas to surrender.

advanceDNA:
Let WW3 begin.......

WW3 will only affect you in Africa .

Europe and North America , China and India and the Middle East will be totally obliterated within an hour of a total nuke exchange.

Every living thing will be dead before a week ends in the aforementioned areas and countries mentioned.

The real war and hell one earth will start after that in sub-saharan Africa and South America.

A global nuclear winter will lead to global drought and famine.

Without the West and Russia and China, the global south will descend to total anarchy that will make the madness ongoing in Haiti look like child's play.

Macron wants to be the new Napoleon but thinks he can succeed where Napoleon failed the most - by attacking Russia in Ukraine .

France is set to deploy troops to Ukraine to engage Russia in what can only be the most dangerous decision since the Cuban missile crisis.


Is France so hopelessly broke without their colonies that they are willing to risk it all by attacking Russia whom they blame for being kicked out from Africa ?

.

The WEF staged a simulation of a global internet blackout in late 2023 which they claimed will be carried out by terrorist group.

Most in the IT sector dismissed this ever occuring if it were to be a terrorist group as the world's internet connectivity has several layers and backups in place.

The current earth's internet infrastructure was designed to survive an all out nuclear exchange.

Marine cables are just one of several redundancies in place that can be replaced by several Satellite based switchboards. Marine cables are meant to be the last line in an event of a space EMP attack using nukes.

Taking out of marine cables is just one step towards deactivating all sat based connections that can be done by a simple line command code from the comfort of the sat monitoring ground desk.


Blaming the Houthis for this attack is by far the worst false flag that the west can spew second only to blaming Russia for blowing up their own Nordstream pipelines.

The facts are:

1. Houthis do not have the capabilities to blow up marine communication cables. Only the US, UK and Israel have that capability and they are the ones heavily occupying the Red Sea straits. Same club that took out the Nordstream pipelines and blamed Russia for it

2. The WEF had already conducted a simulation on a total internet blackout which they claim will be carried out by non state actors . That assertion was quickly dismissed by IT experts citing the complexities and heavily redundancy backup system that keep the internet on.

3. The US has a brand new military branch dedicated to space warfare and it is specifically meant to replicate the US naval dominance of the world's seas and oceans but instead in space which will see the US dominating that theatre and all global communication links.

4. Blowing up the final backbone to the earth's internet infrastructure by way of marine cables will see to the US dominating future internet connectivity .

5. 5G and 6G Satellites will replace all ground and marine based communication switch boards. That is what Star link is meant for and there are plans to roll out at least 50,000 polar orbiting Satellites to ensure total global surveillance that will be the backbone of the incoming surveillance state and digital currencies which the WEF is pushing for.

6. A thread was created here early this year warning of an impending internet blackout which will be blamed on some bogey Terrorist group. That topic was what led to NL being shut down.

matify83:
I can not agree more with your assertion.

Infact, Nigeria should ditch all future procurements of manned combat air assets and frames and concentrate on long endurance drones.

The advantages of drones are too numerous to enumerate.

One of the major advantages of deploying drones is that a particular sector under terrorist control can be harassed constantly 24/7 .

Night operations can be carried out by equipping drones with cheap infrared vision cameras unlike the case where conventional air combat operations are limited because of lack of more expensive gear for the piloting crew.


One of the biggest draw back in the war against terror is that virtually all engagements are restricted to day time thus giving the terrorist a moment of reprieve at night.

With cheap expendable loitering drones , the terrorists can be engaged day and night leading to great psychological drain.

MrProlific95:
How can unmanned drones be used to fight banditry?

Your suggestions, please.

There are both kamakazie suicide drones and reusable drones that deploy bombs and missiles.

AntiWailer:
He has not

He is strategizing and sending condolences and farewell up and Dan

He wil still break PDP in 2027 and dash Balablu another 4 years

It takes lack of intelligence not to know that PDP , LP and NNPP splitting was the reason Tinubu won and not any nonsense rigging.

90% of the votes splitted among them would av gone to PDP

That's where Atiku exposed his foolishness and lack of leadership skills.

As for Obi, that one is demented .

Phoen1X:
Meanwhile,...dahiya doctrime contines somewhere .

And osekola is getting his ass pounded

123yes:
Peter Obi has moved on. Why are you people so pained. God have mercy for you calling Obident people the most stupid on the planet.

Have you Obidient cretins moved on ?

Answer is a big No.


Why will you be insulting Nigerians over the given current economic climate claiming they all deserve the hardship for voting Tinubu while still claiming your Obi won the elections ?

The Pentagon has shelved all futuristic next generation attack helicopter projects siting how drone warfare has come to dominate the battlefield as seen in the war in Ukraine.

Drones are inexpensive and highly disposable components of air warfare that can operate as recon and both precision attack munitions at minimal cost.

The future is drone warfare .

christistruth01:
List the Sharia States where Peter Obi got mandatory 25%
None!

That is 12 States Already lost plus the 5 SW States where Peter Obi didn’t get 25% that makes 17 States lost of the mandatory 25% in 2/3rds of the Federation
Peter Obi lost

Game Over!!

My own submission is that they claimed he won the elections but today they are insulting everyone claiming ebin pawa .

That means they knew Obi was never accepted outside his SE.

Even the votes he got in the middlebelt, I can swear were Atiku's votes.

Obi's vote tally was grossly inflated to hurt Atiku.

I am asking this simple question because every other Obidient zombie post here now comes with gasslighting Nigerians for refusing to vote Obi in place of Tinubu.


The Zombidients are now fond of mocking Nigerians as suffering under hunger and blaming it on not voting Obi in the last elections.


This goes contrary to their earlier claims that Obi won the elections but was rigged out by INEC and the judiciary.

If Obi won as they claimed, how come they are now insulting Nigerians and blaming their current predicament on not voting Obi ?

This to me is clear testament that they knew Obi lost fair and square and have now finally admitted it by foolishly insulting Nigerians .


The Obidient are the most stupid people on the planet

makemoneywbsite:
1. Bad and incompetent leadership?

2. Bad structure?

Would men like Chairman Mao or Thomas Sankara have made a difference leading Nigeria?
Would the people have started prospering if this is a minimum of 3 independent countries?

Is the problem mainly leadership or mainly structural?

Chairman Mao?

Why are there so many Ibo commie bastards on this forum all of a sudden ?

Phoen1X:
Yet he won in the southwest heartland,lagos....with a crushing blow to its "landlord" .

He won Lagos but Yorubas are tribalists according to you people


Let him contest next time and see if he will even see 2% votes.

EmperorCaesar:
Some of u created a post on Soyinka, Kumuyi, Adeboye and Tunde Bakare and most of your bros with low IQ(since thats geographical,I'm not surprised to see most of u having a two digit IQ points) ran here to drop their irrelevant opinion

Now the post is about an SE person and u are here asking the MOD to shut it down

I've never seen a set of people so hypocritical and clownish in my life

Nah today ?

People that can't take a grain of the heap of rubbish they dump on others.


Nah Seun I blame for catering to their inferiority complex.

Phoen1X:
Another victim of tinubulation,....better keep away from sniper.

Obi will never ever even win elections in Biafra


Kanu will come first, Ekpa second and Obi a distant third.

But he will still go to court