₦airaland Forum

The Capitalist system in itself is a Ponzi scheme! I wish y'all understood that.

A system that spends today what it will earn tomorrow is no different from a Ponzi scheme.

[size=18pt]All of a sudden, I miss OBJ !!![/size]

It is Official!!!
Nigeria is officially over!!
Look at this list. Is this the list Yar'Adua made us wait this long for?
What a year!

Wait oh, do we really need a government? I don't think we do oh.
We are better off without these people called Government.
With a list like this and with a president like Yar Adua, we don't need no government!

There's something I'm researching: It's called "private governance"
It might just be the only way forward.

It's amazing that nobody replied to this article.
Anyways, you are right.
Flat sharing would definitely take the burden out of rental apartments. I always wonder how Nigerians cope with having to pay rentals 2 years upfront + agency fees where their counterparts outside pay either weekly or monthly.
In order for flat sharing to kick off, it would have to be seen as a good business opportunity. And I think it is.

Nna make we see the properti na?
Snap some pictures, let us see maybe we know person wey wan buy am for obodo oyibo!
Upload pictures pleeese

lammie01:
@papabrowne
This statement I would excuse you for because i feel it is out of your non awareness or ignorance of the faith. How would you think Islam de emphasizes quality education when it is exactly the opposite. If ur not aware the early great scientist of the 12th,13th century were muslim scholars. If you study the history of mathematical progression you would find many of the mathematical breakthrough were by muslim scholars e.g Logarithm, algebra etc. Even in the field of chemistry alcohol is derived from arabic. The watch and compass we use today were invented by muslim scholars of the early time. The Numerals 123 are dcalled arabic numeral which the muslims developed having learnt similar things from indians during their travels.

Did you read that I said "modern development"?
Do you notice how all you make references to are the 12th and 13th century?
That's why I made specific use of the word "modern"
Islam sees modern eduction as Christian education so there is disdian for modern education.
It's changing in some countries like Qatar, so hopefully things would improve.

The poster's question is straightforward and simple.
Is Sharia the cause of underdevelopment in the north? The answer would be a big No, since underdevelopment predates Sharia in the North.

If the question is : Is there any correlation between the religion of Islam and  modern development?
Then, worldwide statistics would most likely prove it to be yes.
The only developed Muslim countries in the world are either non-sharia states or have more non muslims than muslims.
Two Countries I would mention would be Malaysia and UAE.
Malaysia doesn't practice sharia while Dubai's(UAE) non-muslim population is should be over 70%.

So while Sharia or Islam may not be the direct cause of underdevelopment in the north, the fact that the religion de-emphasizes the essence of quality education, in my opinion is the main cause of underdevelopment & poverty in Northern Nigeria &  Islamic countries.

Ok Fine. . . your points in this post are not so obsolete.
I just read some of your previous posts. . . .and it just seemed 2 me that u'd like 2 introduce Sharia legal systems even in the South.
That's what made me respond like that.

Anyways, it's cool you have a good dream.

My Question though, how u going 2 get all the money required 2 build those new houses and all the new infrastructure you mentioned. I'm not been pessimistic, I'm just asking.

Pls post pictures. . . You might just get more people calling you!!

df2006:
@ poster, if you ever add, edo, to yoruba states again thunder go fire you.

I was going 2 express exactly the same thing!!

Thank goodness Davidylan lives in the U.S!!
Lagosboy,What on earth made you try to trail him so bad? Hmmmm. . . I reserve my comments!

Anyways, I think its time you start thinking seriously about your religion.

The bad christians you mentioned are criticized mostly by Christians. Nobody criticizes them, like Christians do.
On the other hand, any attempt to criticize the so called bad muslims, gets you guys into a jihad frenzy.

Seriously, you need to rethink your religious ideologies.

Hehehe, I love the hope u guys display here, Hehehe!!

Other countries, like Britain and Singapore, are way ahead of Japan in the field, having made moves to use Islamic finance to enhance their own financial markets.

Bringing in oil money

Yoshihiro Watanabe, managing director of the Institute for International Monetary Affairs, said the significance of Islamic finance is "to bring in oil money to Japan and stimulate the Japanese economy."


The only reason the west (Japan Inclusive) would ever welcome a no-interest system(which is the main format of Islamic Finance) is in order to get the petro-dollars that was taken from them back!
If you understand the workings of the capitalist system, you'll not only be amazed, you'll rethink economics.

Let me explain in simple terms. . . .
The west will borrow ur money with a promise 2 pay 20 years later, use it to build their infrastructure, pay their bills, advance their technological know-how, and the worst part of it is they'll gives some part back to you and your neighbours as either military or some other kind of aid. Funnily,you'll forget it's your money.
Then 20 years later, they'll go back 2 the next guy that has sooo much money, do the same thing and sooo on and on and on till eternity.

Muza:
There is only 1 truth!
This is just the beginning,don't be shocked if Barrack Hussein Obama reverts back.
Islam all the way! 

Such hope!!! Wake up boy!!Wake up!

He got converted.He is a Christain.Hehhehe! He saw the truth! I thought you guys should disown him and even stone him for that!!

Anyways, seriously the drop in the price of oil would naturally dampen the hopes for expansion of Islamic finance.

olanajim:
Let him bury his head in shame.

First he is the president, only him have the power to make a change. Second, he was a Nigerian lecturer, in Nigerian University. If he know deep down within him that Nigerian Universities are producing half baked graduates, then he must realise that he was part of the problems.

If as a lecturer, he can't do anything but blame the innocent graduates that are being fed garbage as knowledge, he must bury his head in shame and resign for a better man to do the job.

My take is that he is creating alibi to ignore education sector. He is already mapping out his strategy for failure.

But it's a fact. He said the truth. If you were an employer, you'll know how bad it is.
Lots of graduates are a mess knowledge wise. It's just a fact. No disrespect intended.

But I don't think YarAdua has the moral justification to mention it, especially considering the points you mentioned.

Mr Frizzy,
Your ways are obsolete maaan!!!
Looks like you want 2 take us back 2 the 14th century.

I was wondering why your speech was sooo out of touch, until I read your other posts.

Can't you just get it? Nigerians really do want to move forward.
We aren't looking for some Sharia kind of system.
It didn't work in the north, it wouldn't work in Nigeria.

If Nigeria really do has to move forward, we need progressive ideologies, not those that u've stated here.

That's the question I've been wanting to ask!!
Those guys are good though!!
You can always trust them for straight up, hot & fresh gist!

And put pictures abeg. Maybe u'll close a deal faster!!!!

The picture with Mugabe and his crew dosing off tells it all!!
Wonderful!!
What happened in Africa is that the Humans allowed the Animals to rule them.
Someone like Mugabe is allowed to lead a country full of intellectuals.It beat my imaginations.
I wonder how that formula evolved!!!

Hehehehe. . . . .HAHAHAHA!!

I love this poster!! The guy is telling the truth and people are insulting him.
All the folks that have insulted him are the reason why Africa is as backward as it is.
Filled with hypocrites.
We cry racism abroad when a police officer pulls you over, but in Naija, a police officer gives you a bashing and you find yourself pleading.
Typical. I laugh!
And it's funny how some folks here thinks he is a foreigner!!He's a proper Nigerian!!

[quote author=~smurf link=topic=205382.msg3199363#msg3199363 date=1228791315]Its Gorgeous!!!!!!!!!!!!!!!!!!! [/quote]It sure is!!!

liftedone:
@ Papabrown, posting pictures is definitely the way to go and I did own up to the fact that some of us will be taking up the challenge. Shouldn't that suffice? Why all the reference to laziness and excuses and peddling? If you live abroad, you cannot even begin to appreciate the constraints you face in the Nigerian, and in particular Lagos business environment. Like the internet connection I made reference to, you don't know how terrible that period was for some of us who are so used to being online. So his comments were uncalled for. This is not the Politics section where people just bash others just for the sake of it.

PS: I didn't see any puppet add. & is PB & BB same

Yeah, the internet connection thing is understandable. And I'm sure you also grasp my point. I guess it'll be good for everyone- client and agent, if we could just have pics of every property online. Plus it's pretty sweet you'll be taking up the challenge.
Asides, I've uploaded the puppet ad, and PB & BB not the same, I think they are 6000 miles apart.
And I was wondering how come you're still awake at 3.00 AM naija time. Take care.

This beautifully furnished, top of range and yet affordable apartment is available for rent.
Located in Lekkie with a view overlooking the lagoon, this is an ideal pad for the young and upwardly mobile.

Fully furnished
Rent can be paid monthly with two months deposit upfront
24 HR Security, Standby generator.
Bedroom:2
Bathroom:1
Size: 60m2
Rent: 1.2 million yearly or N120,000 monthly

Interested forumites should comment below or contact me via this email: thisisapuppetad@testing.com




_{This0is0a0puppet0ad0to0test0the0efficacy0of0using0pictures0to0advertise0properties}

liftedone:
@ brownbonno
Typical short-fused nairalander on the prowl, b**ching anonymously over the internet.

Liftedone, what Brownbonno has said is a fair fact. There is no excuse whatsoever.
It's frustrating to see all the property listings without pictures.

You have no idea how many deals you'd close (especially with Nigerians leaving overseas), if you post quality pictures on any property you have for sale or rent. Almost every mobile phone has a camera these days, so there is really no excuse.

Check out the Auto section, almost every advertised car has numerous pictures. . . .and yet the value of their advertised transactions are far lower than those for properties.

Just to prove a point to the effectiveness of pictures and a well described property, I am posting this puppet ad

This thread is losing its brilliance. The first page is the best page!!
Lets keep it intellectual.

You must be an Ibori boy.

I have always wondered why the property section is soooo boring. Nobody responds to queries. Questions never get answered.
Also most of the property adverts are off mark as the stated prices are hardly the budget of Nairalanders.
I thought the property section should be as interesting as the Auto sections where lots of deals take place daily.

Place this post in the webmasters section. . . u should certainly b get an answer.

pcmecom:
The following are the things to watch out for in nigeria
1.
2.
3. The fall in the price of oil in the international market will eventually lead to the collapse of the US dollar as a currency.
4.
5. The eventual collapse of the US economy would create a "lacuna" in world affairs, this would lead to the emergence of developing countries including Nigeria

The above is not a prophecy nor is it a prediction, but is something that  is going to happen in the world in the coming months. I have always said something similar in the past but I have been often times critise. To my critics in this forum "watch out and see what will happen"

The American economy will eventually collapse.

Why would the fall in the price of oil lead to the collapse of the US dollar as a currency?
Those seeking the New World Order as you claim are most likely Americans, right? So why would these so called "clandestine" American strategists want a collapse of the US dollar as a currency; something that would lead to the collapse of the American economy.

Isn't this so contradictory?Please explain how u mean because it hasn't made sense 2 me yet.
The drop in the price of oil can only help the Americans. They are saving $1.2 billion dollars daily with the new oil price.
American economy is not about to crash. America is about to experience the greatest economic boom known to mankind in the nearest future. Just watch.

Refer to the thread https://www.nairaland.com/nigeria/topic-204240.0.html

@omi tutu
The so much money still floating out there( as you've pointed) is not only risk averse, it has also seen much of it's value wiped out.
Most of these monies are held in investment funds which have taken massive hits everywhere.
Money is ephemeral, you can hold it in your hands while it vanishes.

otokx:
Are you sure its not because our brothers want to share more naira when they visit from "obodo oyibo" hence the increase in the dollar strength?

Otokx, it is the direct opposite! When people come in from overseas, they come in with dollars, so the value of the Naira is supposed to rise.
Usually the naira value would and should rise during christmas since there is an influx of cash from overseas. That is predicated on the assumption that all the Christmas importation is done in the early embers like September and October.

Charlesmud:
wow good and brilliant analisation, thx bros for the briefing.

Well seems correct but if its true then after one yr it will happen again cus oil countries will still keep demanding if countries like USA,China and India needs oil badly for their development , Its just sad Nigeria leaders  steal/keep the oil money in their pocket instead of stabilising the country.
Anyway since we have dumb-head government and gentle citizens, well we should ask britain to come colonise us again , cus I can't even smell any bright future for Nigeria.

I support this motion, just that I think the Americans would do a fairer job at colonizing us. They wouldn't rape us dry, like the British would do.

RevMallam:
No, it is not consipiracy thoery. Your views are similar to those expressed by T. Boone Pickens, one of the wealthiest men in the world and in America. For long, he has argued that by buying high priced oil from America's potential enemies and competitors, America is engaging in what he called, "the greatest wealth transfer in the history of mankind". He argued that America should crash oil prices by developing natural gas powered industrial base.
You maybe wondering what he stood to gain, the answer is that his group of companies controls the largest gasexploration company in the US.
He was dismissed as a man man with too much money and nothing else to do, but when you are worth billions, capitalist neo-cons take you serious while the government openly denies any involvement.
Infact your views are widely held and secretly, many people believe, both what you and T Boone are saying is exactely what is happening.

As for Nigeria, we are doomed with the clown we have as president. Soludo will be leaving next year to join the "world bank"  and Yar'A DOG will replace him with another incompetent idiot.
revmallam

RevMallam,You are right on spot. "The greatest wealth transfer in the history of Mankind" is the best description for what has happened in the global economy for the last two years.
Thanks for introducing me to the Pickens Plan. Pretty interesting.

auwal87:
Renaming the country from Nigeria to Naija won't change anything.
It is better for each region to have self autonomy.

It might change one or two things.
I have this strong and very stupid-seeming belief that the name NIGERIA has a lot to do with our power problems.
Lord Lugard named the country "Niger area" which means "Dark Area" in Latin.
Today we are experiencing catastrophic darkness, so changing that name might not be a bad idea.

I can see everyone is expressing his/her very interesting opinion on the current financial crisis and it's pretty impressive how informed we all are. So I figure I can add my own two cents.

In my opinion,(and this might sound like a conspiracy theory) the financial crisis was partially crafted and brewed by the Americans and the British with slight support from a few other western powers.The move was initiated to prevent a potentially catastrophic crash to the American capitalism and indeed the global financial system. I say "partially" because, they didn't start it, they only hastened what had already started.

Before I proceed, take into consideration these facts.
All Four of the world's largest producers of oil are America's key enemies.
These countries are Saudi Arabia, Russia, Iran and Venezuela. Saudi Arabia, while not a political enemy is included, if you consider the fact that Osama is Saudi, 19 of the 21 9/11 bombers were Saudi, and Saudi is also the seat of Islam which is the key focus of the war on terror.So ideologically, Saudi is an enemy of the US.

Oil production
Saudi=11 million barrels per day,
Russia=10 million barrels
Iran = 4 million barrels
Venezuela =3 Million barrels.

America consumes 20 million barrels per day.It produces about 8 million barrels of its consumption, leaving it with export quantity of 12 million barrels.

Oil prices peaked at $147 per barrel, averaged between $120- $130 for months.

At an average price of $125/barrel against the previous $55 a year earlier, these oil producers were making $70/barrel extra.No extra effort, just extra money.
Multiply that by the number of barrels and you get

Saudi= $770 million extra per day
Russia= $700 million extra daily
Iran= $280 million dollars while Venezuela about $200 million extra.

America on the other hand, had to cough out an extra, $840 million on a daily basis. This amounts to an extra $300+ billion dollars yearly.

In the event that the oil prices kept rising to the predicted $200, double these figures, then you'll grasp the enormity. The American economy would have crashed bare naked and all the other western economies would follow suit. But that crash would have come much later, probably in 2009.

Russia and Iran had started displaying very arrogant signals that their new found wealth would be used to decimate America's Super power status. They started forming alliances around the world with very strategic nations. Iran even came to sign a Nuclear nonsense with Yar Adua's Nigeria. They were displaying really threatening signs and the Americans were not going to have that.

So why would the Americans instigate a financial crisis?
Simple. To crash the price of oil.

The increased demand for oil by China and India was mainly fueled by the desire of Americans to consume more and more goods produced by these countries.The more the Americans consumed,the more the Chinese factories produced and the richer the Chinese get, hence their demand for more and more energy which ultimately leads to the rise in the price of oil.

So to crash the price of oil, you cut the demand of oil by the Chinese, by reducing your own consumption. And the only thing that can reduce your consumption is an economic crisis.
The moment the economic crisis was announced, the price of oil started crashing  and has crashed so bad in just six weeks that there is fear it might hit $20. Saudi, Russia and Iran are at a loss as to what has hit them.

While it appears like it's the Americans suffering the economic crisis, America is now saving about $100  per barrel by paying $45 per barrel compared to the peak of July 2008 at $147. That's a saving of $1.2 Billion per day and almost $500 billion over the next one year.
This saving, alongside Obama's infrastructure re-development plan is enough to jumpstart the American economy. In a short while the crisis will be over
.
Some economic/policy goons in the likes of the Brookings Institute and all those other places where they strategise America's future, would be reeling in laughter everytime they see the price of oil go down and down, because they had it all planned out.

As for Nigeria and the capital flight palaver, I think three things make the outlook sooooo bleak.
One is the crash in the price of oil(Oil was about the only reason Nigeria was entering the global economic scene)
Secondly, the guy we have as president knows nothing about governance and it's effect on economic growth.
And finally, Soludo, who would have come out with some smooth strategies to get us out of the mess would be leaving in 2009.

So people, buckle your belts tight, Nigeria might be in for some tough times ahead.