₦airaland Forum

These guys are BIIIIG in Africa. Especially, East Africa.

In KWAM1's voice: Ojude Oba to po la ma se.
Amin ase

@OAM4J, are non-Ijebus allowed to come? Seems a place to be from your gripping narrative.

justwise: He is a much better driver than Vettel 4sure

Ode!

Leather ceilings, a 30 person screening room, and 14 televisions! A look inside Will Smith's luxurious $2.5 million double decker trailer

https://i.dailymail.co.uk/i/pix/2013/10/15/article-2461616-18C0DFB400000578-608_634x306.jpg
https://i.dailymail.co.uk/i/pix/2013/10/15/article-2461616-18C0DFC100000578-225_634x356.jpg
https://i.dailymail.co.uk/i/pix/2013/10/15/article-2461616-18C0DFB000000578-122_634x356.jpg
https://i.dailymail.co.uk/i/pix/2013/10/15/article-0-18C0DFC700000578-142_634x331.jpg
https://i.dailymail.co.uk/i/pix/2013/10/15/article-0-18C0DFD800000578-650_634x356.jpg
https://i.dailymail.co.uk/i/pix/2013/10/15/article-2461616-18C0DFCB00000578-5_634x356.jpg


http://www.dailymail.co.uk/tvshowbiz/article-2461616/Leather-ceilings-30-person-screening-room-14-televisions-A-look-inside-Will-Smiths-luxurious-2-5-million-double-decker-trailer.html

wonlasewonimi: Hayward was just tossed under the bus. Dobosky was the risk owner and process improvement engineer. He was dogging some pueblo mexicano when that spillage occurred.

He must be very very rich then.

wonlasewonimi: All the diesel sellers in Lagos are into Oil and gas too

I know he was one of the culprits for the spillage in gulf of mexico ...edumare ti answer prayer e. O ja ticket emi e feebo.

He isn't Tony Haywood ooo

wonlasewonimi: Dobosky my man, abeg answer my question here

https://www.nairaland.com/1479594/hillary-clinton-given-80-parking/2

Wetin the guy do you?
At least, he's now into oil and gas

0monnakoda: You are living in the past today the reality is America is a debtor and China is its biggest creditor. Yesterday the British Chancellor turned into a praise singer ala Obesere whilst in China begging for Chinese Investement. Offering to change Visa rules for Chinese whilst they are asking Nigerians to pay a bond
[size=23pt]The Chinese came and bought Jaguar[/size] and are buying up key European companies . It will take some time before you wake to know that it is morning

Are Indians not buying British companies as well? You really don't know what being the world's economic powerhouse entails.





Now, let me educate you with my 'little' knowledge: China didn't buy Jaguar. Tata, from India, did. Some teaching, that!

0monnakoda: I do not know but your knowledge is in deficit.If it is possible to have a knowledge debt that is where you are so you need to acquire a lot of knowledge just to reach ZERO.
Do you even know what the subject of this thread is? Thou knoweth not and knoweth not that thou knoweth not but thinketh thou knoweth all

. Trolling?

Billyonaire: OPEC and BRICS and ASEAN countries need to meet with IMF and WORLD BANK to fashion something out. But then I guess the NSA has something on everyone, and will always make us all an offer we can not refuse. Give it to America, she preaches Freedom yet keeps us all bound.

I laugh in Mandarin again. Are you talking about the same Bretton Woods institutions America controls with ease? Ever wondered why these institutions have always been headed by Americans and Europeans?

abubaka101: That's harsh and a little insensitive, considering that u may not knw any of us, wat we do, or wat we knw. And also, there is no bad thing in sharing ideas and making a good discussion.

He wanted to rile us up. It didn't work.

0monnakoda: Why must I suggest? I do not pretend to be what I am not or to know what I don't. I know my limits unlike some patzers. Much has been written on the subject and that is available on the internet so you can exert some energy and educate yourself

Now you claim you don't know yet you berated us all for saying what you know nothing about? Tell us all you know about this saga. We want to learn from you

[quote author=manny4life]

Yeah, the alternatives are SCARCE which is what I addressed in my post on the previous page. Back in 2011 OR 2012, when all the nations gathered at the UN for a meeting (all finance ministers), BRICS nations where discussing about a new currency they would use amongst themselves, but I don't know how far pr even how successful they are. [/quote

Forget the BRICS! They are more or less toothless. Do you expect South Africa or even Brazil to engage America in a standoff? Impossible!

0monnakoda: The key issue here is should the dollar continue to be the world's reserve currency and what risks does that pose for those who hold their currency in dollars. Also the fact that most commodities are priced in USD e.g oil. The Chinese are suggesting that in the light of the recent squabbles in the US,the inability of the US to live within its means and with no plan to change its profligate course that the whole world is at risk because the US continues to "Print" money without consequence. It is basically living on "stolen" money each time it prints more dollars because the rest of the world bear the consequences. Any other country doing the same would face massive inflation. China is holding $1.3 trillion of US paper and has come to realize that that is very risky paper and it would like an exit path. That is the issue not whether Chinese folk can afford ice cream or air conditioning

Why not let us know these alternative reserve currencies? What are your suggestions?

0monnakoda: Do not be deceived what you see on display is mostly jokers who think they know a lot whilst in reality they know very little and therefore cannot profit from education

Joker! Why not educate us? You are just an e-expert on "anti-postulations" on this thread.

manny4life: I have never supported Chinese model of govt nor their business practices such as devaluing their currency, however, I join them in saying it's time to De-Americanize the world. Chinese are no saint either, they have as much fraud and crime as the U.S., BUT the focus is more on the economic and what impacts us as global trading entities.

Exactly what I want. But alternatives out there are scarcely desirable. A case of frying pan into fire.

0monnakoda: I asked a simple question and you start a histrionic display like a fishwife
There is poverty all over the world. You made a claim so provide us with evidence to back up your claim. I have not said it is false or true. Just provide facts. At any rate even if it is true it proves nothing.

See you. You included this rider because you know the facts are out there.

Read more:
http://www.economist.com/blogs/analects/2013/02/chinas-poor

http://www.ruralpovertyportal.org/country/home/tags/china

BTW, I expect you to discredit these sources.

manny4life: Chinese govt have been accused by the top economic govts (Western Europe, U.S., SK and Japan) that they devalue their currency. Devaluation is the reduction in the value of currency that is traded with goods or service. The more that buyers buy from China, technically, their currency is stronger because of the demand, and when demand becomes higher than supply, the price of a commodity shoots up. Using this theory, the devalue their currency to make their products affordable, thus reducing price in commodity.

For instance, if $1 is to 10 Yuan and 5Yuan can buy a phone, it means that with $1, you can buy 2phones. However, when they devalue their currency to say 10% to 15% points, the Yuan will have 11 to 11 to 11.5yuans, that extra 1/1.5 can purchase other products or the value to the U.S. currency will be lesser to about $0.90cent which gives more power to buyers. In basic, this is how it works.

Imagine that! They devalue their currency so clandestinely and they want to lead the world economically by becoming an alternative platform to the dollar? I laugh in Mandarin

0monnakoda: Have you ever been to China? You just sit down and regurgitate what the West tells you about them. People question government activities regularly in China but China is NOT the West they have a different culture. Everything you think you know about China is what the West has told you. I suggest you go and see things for yourself

And you saying they don't block informative sites, for example? The world does not want a country with "different culture", we want a transparent and just one.

0monnakoda: What does that mean? Is that short hand for you have nothing to say? Right now the Chinese are funding 10% of the American economy . In other words the US is broke and in decline while the Chinese are in the ascendancy

Which economy are they funding? It is the other way round. America remains China's biggest market. Without a robust economy in America, China's equally doomed; at least, in the short to medium term.

0monnakoda: Which Strong man is China promoting? You might not like the Communist Party in China but it is a very strong institution and it works for China at this point in time. It has shown the ability to organize orderly successions and we must realize that governing over One billion people is NOT a theoretical pursuit. The fact that a country holds regular elections does not mean that it is "democratic" or that it governs in the interest of its citizens
As far as the question of which system is best goes that is better considered using a long term perspective.
One thing is certain China has used its human resources to lift its people economically and one would expect that political reform would follow which goes contrary to the Western doctrine of "Seek ye first the kingdom of democracy and everything shall be added unto you" That has clearly not happened in India which appears to have stagnated economically in comparison to China

What do you mean by the World cries out for strong institutions? What does that mean exactly

The population of poor people in China is larger than America's entire population. They have a long way to go.

Billyonaire: I used to reason like you until the NSA leak from Snowden. America's population as at this minute is 316,906,069 of which a whooping 46,916,789 are LIVING IN POVERTY. The pictures of America you see on TV is actually a marketing ploy to make you think that everyone in USA is doing great, which makes many of us start investing in that country under the EB-5 Visa category.

Taking about achaic; Remember this, which country has the highest number of Prison and Prisoners ? America still support Death Penalty.

Talking about Freedom and Liberty: NSA is more funded than the pentagon and billions of private phone conversations, private e-mails are recorded even as I type this, its being recorded and can be used against me. Is this what you call Freedom ? I guess their TV manipulation succeeded in altering truth for make-belief.

Talking about Political Models; I do not "believe" that Democracy is the best form of Government, but I do know that it is better than keeping one man as President or King for a lifetime. So, lets ask ourselves this question sincerely. Did you and I know Jonathan Goodluck IN PERSON to adjudge his content of character enough to vote for him ? The answer is NO, not all of us knew him in person, all we know about him is what the imperfect press feeds us with. So the best Presidents should come from an elite group of panel elected and trained to be leaders, so even if we have 100 persons trained as elite leadership order, then anyone person mounting the Seat of Government has a mindset orchestrated by an elite group minds, that's the Chinese for you. Leaders come from a crop of party hierarchy and elected directly by people who know them. The populace knows not enough to make good decision on who should be President, personally Democracy is why US can not meet her obligations and why there is a divide here and there in the ruling class.

I don tire, make I go take cold beer for bar, I dey come.

Would you be happy to live in a country where you or even your lineage is not considered as clever enough to be members of this so-called "elite group of minds"? Would you want to live in a country where you can't aspire just because you are not considered elite, refined and clever enough to do so?

And, forget that notion about poverty in America. Yeah, there are poor people there but it is negligible compared to realities of the lot in China and Russia. Russians are many in UK's construction sites living on peanuts.

Nairalanders love to bash the UK, for example, but, when will China and Russia get to the level of creating social safety net for their citizens? And, I mean one that encompasses the top half of Maslow's Hierarchy of Needs? In the same China where you can't question government activities? Where non-conformists are repressed and oppressed? Where freedom of expression is a foreign expression and people are fiercely gagged? Where Internet activities are monitored and useful and informative sites are blocked?



And, if I may add, you wouldn't want to know the number of Chinese people who are willing to risk an arm and a leg to live in a place like the UK, even as DVD sellers. You will however hardly find a European scavenging in China. Says a lot.

China and Russia are busy promoting strong men (e.g Putin) at a time the entire world cries out for strong institutions. Wrong footing, IMO.

Billyonaire: I think the problem here is the fear America. Russia during the Syria war imbroglio prove to the world that there is a political alternative to USA. Chinese have proven that there is Economic Alternative to USA. And this default whether it happens or not will present an alternative to the dollar. Watch out. The truth is, from this stand point, the world knows that their investments are no more safe in USA. Remove that fear away and you will see that there is a new World Order. Sometimes stay off American Channels and tune to Chinese channels and see the number of countries signing deals everyday with the about to announced Economic numero uno - China. London Mayor with High ranking members of British parliaments sign exchange deals with China last week.

You are right but, trust me, China and Russia are not strong enough to lead the world economically and politically. At least, not yet. These two countries still grapple with a sizable population of stark poor people. They still grapple with the problems of political ideology and creating a political class. Their form of government is a concern. Their legal system and rule of law is archaic. Most activities in these countries are shrouded in secrecy. Language is a concern.
Their banking system is nothing to right home about; especially Russia's. Corruption is pervasive.

You don't lead the world with just nuclear warheads and ICBMs. You need to strengthen your legal and political system. Your economic and banking institutions also need a rejig.

It is a very complex web. And, that, to me, represents America's margin of advantage, my brother.

ckkris: The Muslims keep their gold safe at Fort Brags. Even Gaddafi kept Libya's in the US, where no one man can ever be stronger than the nation, and do whatever he liked with Other People's Money, OPM.

Don't mind the guy

Seun: @maclatunji: I am pleased that you have explained your reason for changing the title, as required. Let us now return to the main discussion.

Did you ignore my request for help?

wonlasewonimi: I know he is not. But, he has a severe case of dyslexia!

Hahahah

Billyonaire: China is a smart country run by elite brains. They have already made provision to cushion the effect of ANY default. Cash swap was initiated some days ago. Investing massively in other countries including America's Treasury Bill was a great and calculated move by China. Devaluing their currency purposefully to flood the world with their cheap goods succeeded in grounding most factories in America and that was also an excellent move.

Most factories in USA became franchise outlets for Chinese products, and now this ? China has investments in most countries and could easily plough back some cash to re-ignite their economy but America will lose the only thing that keeps its wheel of progress running, which is their Dollar/Federal Reserve Paradox.

If America chose to purposefully default, China and Japan will be the biggest losers, but America will lose more at the long run, because the only thing that kept the world running to them was their Fiscal Policy and stable banking economic equation. That trust is about to be eroded.

How will America lose more in the long run when there are no credible alternatives to the dollar?

And the CIA will swarm any country that tries to introduce another platform. Don't forget, America controls the world's banking sector hence the telling effect of America's sanctions on any country she decides to punish.

Case in study: Iran

wonlasewonimi: Why would you help OAM4J out?

OAM4J isn't "Kofi Nene", you know

wonlasewonimi: I need to deactivate this account and come out in another form. I'm out of here!

My new handle would be Ojotorotogbeobaagoin. Watch out.

KWAM 1 of NL

debosky:

Why I no go fear? Na so someone go dey on my case because of mistaken identity.



Okare lai. . . .can we do that here or in camera?

Wonlasewonimi, I dey beg you, let's stop this. Nairaland is e-world. Maybe you should call him.

Obama didn't enact TARP, but he administered it.

http://www.cbsnews.com/8301-503544_162-20013452-503544.html

http://www.dailyfinance.com/2010/01/27/obama-bailing-out-the-banks-was-necessary-but-i-hated-it/

http://www.economist.com/news/books-and-arts/21565142-how-america-bailed-out-banks-rather-its-citizens-crisis-mismanagement