₦airaland Forum

AbaganaMiracle:
Fool, what we need is Biafra and nigeria this cesspit called nigeria. Why are some of you so daft and hell bent on repeating another round of PVC idiocy in 2027 after all what happened in 2023? Why are you this dumb?

After what I experienced in that election I promise myself never to Participate in any nonsense voting. I was against disintegration but now I'm in support of it.

They will also sack this one after next season

SuperOnyi:


We in kdp wish he's giving us the same attention he's currently giving y'all. Enjoy it while it last .

I'm a newbie in crypto though. He is doing well

Marriage is a big scam with one woman you might likely die young, just envisage with multiple women of this generation?
Marriage is of no benefits is useless in this modern society

SuperOnyi:




Those in crypto better pay attention, y'all are hella lucky.

How?

Phantom233:
But the thing don crash na🙄🙄

Is not opening again unless with VPN I think it has crashed like the Titanic ship

DigitalPastor:
Rubbish. The coin value will be 0.0000000000000001. Multiply your 1bn coin lets see

The tapswap is not opening anymore unless you make use of VPN the project is thrash now

Robnectar:
Yes when u reg u get a bonus to d futures trading as per any amount of profit u make from d futures trading is yours, but u don't really own d bonus though,.. if u get

Yes

Dundalk:
you would get 50btc for sure..

😁😁😁

Don't mind me, is $20 for trading..

Thanks bro which coin can I buy and hold with such price?

Robnectar:
I get 50btc?

Don't mind my questions as I am a novice. Is it true that when you register newly on bybit you will get bonus for trading?

Mercisharelove:
What are your options

Is complicated. You know what just keep believing in him as for me I'm okay

LincolnOnyeabor:
It has started Working well now.

You can open the Tap swap without VPN again.

Same thing nothing works here

IAmHim1:
Name calling won't help anyone

Taking Steps that yield positive results will

Okay noted

highvaluewoman:
Disregard this.

DO NOT USE VPN!

u

Why?

Mercisharelove:
Have you tried him? Or do you have any other options?

I have options

Mercisharelove:
And so you see that if you look at yourself truthfully, you'd observe that there are so much you are unaware of, the question arises, who's my light?

How do I see?

And you think Christ is your light?

lyriclekidd:
Na why you quote everything? Most of una dy annoying sha 🙄

Sorry o

Mercisharelove:
Do you think there's another life after here?

Is complicated

IAmHim1:
NIGERIA'S INFLATION: Introduction of Subsidy on old okash, carbon, branch Loans


"IF the Nigeria Government could introduce subsidy ON OLD LOANS for a limited time only, it will make it easier for debtors to repay their old loans without having to worry about the interest in such loans. and when the loans are repaid without having to worry about interest on the principal, THEN EXCESS MONEY IS REMOVED FOM THE ECONOMY and inflation is curtailed.

this would be better than increasing the minimum wage to silly amounts

only if this step was enough.

the elephant in the pool is still in the pool sadly enough but guess what...THE ELEPHANT IS BIG ENOUGH TO BE SEEN'
*******

Welcome everyone.


This is part 3 of my writeups concerning Nigeria and its current inflationary economy and the steps to come out of its economic mess successfully

For part 1: https://www.nairaland.com/8080394/nigerias-inflation-what-uba-gtbopay

For part 2: https://www.nairaland.com/8081414/nigerias-inflation-state-federal-governments



Part 1 gives you an independent insight to understanding how banks use your money you keep with them to create Loans via Fractional reserve banking

and


part 2 will give you readers an insight why Nigeria is still drowning in its inflationary economy even after all the steps its government seems to be taking

What is to be revealed here today May 23, 2024, is the cousin to part 1 and 2: The Beauty and Beast of Loans

If you think part 1 and 2 is messy...wait till we go further into this post.

This post will be long and you're welcome to skip

We Begin...


1. AN UNDERSTANDING OF LOANS:

Loans is not a messy word as you might have thought in the past.

Its THE messy word.

You've all heard of it but never knew what it really meant and its effect in your country's economy, be it Nigeria or the united states

The Devil isn't the only one who gives and take.

No
Loans is above the Devil when it comes to give and take and you'll understand why and how before we get to the end of this post

Any Loan whatsoever is a double edged sword and it serves primarily two purpose:

a) To inject money into the economy (a debt/loan based economy)

b) To take money from that same economy (a debt/loan based economy)

This understanding might have escaped you all these while but you're about to catch it

How does loan put money into the economy whilst still taking money away from that economy.
Tricky but this knowledge wasn't made for you to read just like that so you'd want to be extra careful as you proceed into this

a) To inject money into an economy:

We've all heard of the Nigeria government borrowing money from other countries and or other organizations.

Same way we've heard of the United states owing trillions of dollars in debt.As of December 2023, the united States owe $33.1 trillion in debt

Yes. They had to borrow also. **but from whom**

But borrowing loans is not the problem. How does the average citizen get these borrowed loans?

EXACTLY!
THE AVERAGE CITIZENS DONT!!
at least not until the loan (money) becomes useless.

Ask yourself, when these huge amounts of money is borrowed by the government 'on behalf of its citizens', how does these borrowed money enter into the economy

If in a country of 2000 people and its government borrow #500,000 on behalf of its citizen, then wouldn't it mean each citizen of that country would get #250

BUT have you ever heard the Nigeria government tell its citizen,

"this is your share from the $1 billion dollars we borrowed from the IMF. Submit your account number and get your share ASAP"

NO!

YOU HAVE NOT HEARD IT. and you'll never hear such from any government

I'm guessing you'd want to counteract with "but during COVID-19, the united States government shared money to its citizens in form of stimulus. how about that"

but remember. that was also the period when NFTs and a lot of other junks were reigning surprisingly. what do we have now. Where is the return on such junk investment.

You thought the timing of those reigning nfts and other investments was random huh.

No it wasn't. It's a game. A script and everything is structured to detail


lolzzzzz.

The rich have collected back all the money from the poor the government gave as stimulus
The rich got richer and the poor gets dumber


Whenever there is new money the Government borrows on behalf of its citizens, such money isnt just shared to all citizens

NO. the government GIVES the borrowed money AS LOANS so such money can be injected into the economy.

and guess who gets the loans first.

EXACTLY. THE CREDIT WORTHY PEOPLE ie those with substantial collateral they can use to get the loans ie THE RICH PEOPLE. Thats how the rich gets richer and the poor gets dumber. The rich got assets to make them credit worthy to receive the next batch of fresh loans while the poor don't even know what an asset is

so the rich gets the fresh money from the government deposited into their commercial bank account and later they purchase assets.

and what are assets?

anything that makes you credit worthy for THE NEXT BATCH OF GOVERNMENT LOANS and NOT JUST WHAT PUTS MONEY INTO YOUR POCKET.
Robert kiyosaki's Rich dad lied to him!

after purchasing assets, the seller of this assets gets the money from the sale DEPOSITED into their account

Lolzzzzz. The trick escaped you again didn't it. i explained something important and it flew right over your heads.

Understand this: By the rich man and the seller of the asset DEPOSITING their money into their various bank accounts, THE MONEY HAS LOST VALUE because fractional reserve banking HAS AUTOMATICALLY multiplied the money. Read part 1 and 2 up in the link posted

assuming both the rich man and the asset seller operate same or different bank account IN SAME country, lets do the maths of how the money got multiplied and lost value

a) The rich man presented his asset to the bank which made him credit worthy to receive loans. He receives #2 million naira worth of loans.
The loan gets sent to his bank account. THE MAGIC THEN HAPPENS

The fractional reserve banking requirements say, 10%, made the commercial bank keep 10% of his deposit of #2 million and give the remaining 90% of #1.8 million as new loans to another bank customer. This is replaced with bank credits of #1.8million on the rich man's account so the rich man doesn't find out his moeny has been borrowed.

These bank credits can also be withdrawn from POS or bank directly. and this my readers, is how the commercial banks UBA, GTB, Access, Opay and co create new money out of thin Air. Because If one defaults in loans, new money has been created regardless of collateral used to get such loans

so using the formula 1/ reserve requirements, we get the exact amount the #1.8 million deposit gets turned to.

**remember, fractional reserve banking doesn't happen on the full customer's deposits. if the banking reserve requirement is 10%, then 10% of the customer deposit is removed as VAULT CASH and the remaining 90% is for fractional reserve banking to multiply. This keeps money available in any debt based economy**

1/10% = ×10

#1.8 million × 10= #18 million

the rich man doesn't know this fact. Just you and i reading this now. lol

moving on..
so the rich man buys assets of #1.5 million from the #2 million borrowed to get credit worthy for the next batch of government loans

the seller of this asset gets the #1.5 million deposited in his/her bank account in same country as the rich man

and automatically, fractional reserve banking happens. again!

10% is kept and 90% is loaned out.

90% of 1.5 million is #1.35 million

#1.35 million × 10= #13.5 million

so #18million + #13.5 million and thats how #31.5 million of new money is being introduced into the economy on the commercial bank part FROM JUST #2 MILLION worth of loans!!...and if this new money isn't backed up with the production of goods, INFLATION HAPPENS

ta-da!


b) how loans STILL take money from an economy

anytime you take a loan, your creditor would expected you to pay an interest on such loans right.

now where exactly would your creditor expect you to get the interest on such loans.

for example, a loan you borrow of #45,000 with an interest of #15,000 in 3 months.

where do they expect you to get that #15,000 interest from since you only borrowed #45,000


exactly

Your creditor expects you to TAKE money from the economy and then pay them PLUS the money(principal) they borrowed you.

The very act of you taking money from the economy to use to service your loans as interest REDUCED the money in circulation hence lowering inflation


because the 'informed set of creditors or loan sharks' ALREADY KNOWS that fractional reserve banking has multiplied the money they're borrowing you as soon as it entered your commercial bank account so THERE WILL BE ENOUGH TO PAY BACK AS INTEREST


https://www.nairaland.com/8069458/wealth-series-pt-2-nigeria


2) HOW SHOULD THE NIGERIA GOVERNMENT USE THIS INFORMATION to reduce inflation in the country:

If the Nigeria Government introduce subsidy ON OLD LOANS for a limited time only, it will make it easier for debtors to repay their old loans without having to worry about the interest on such loans.
and when the loans are repaid without having to worry about interest on the principal, THEN EXCESS MONEY IS REMOVED FOM THE ECONOMY and inflation is curtailed.

this would be better than increasing the minimum wage

only if this step was enough.

the elephant in the pool is still in the pool sadly enough but guess what...THE ELEPHANT IS BIG ENOUGH TO BE SEEN'


The ELEPHANT in the pool: https://www.nairaland.com/8081414/nigerias-inflation-state-federal-governments



putting this post in details:


1) The Nigeria Government has recently increased its interest rate. This is to discourage borrowing by its citizens and injecting more excess money into the economy since local production has reduced PRIMARILY because of insurgency

2) But there are still citizens who are credit worthy that will borrow regardless of the hike in interest rates

In case people that are credit worthy decide to still borrow money, the Nigeria Government shouldn't risk getting the borrowed money blow out of proportion.

The fractional reserve requirement should be increased to more than 50% till production of local goods match the money in circulation

3) Insurgency is that elephant in the pool.
Farmers cant farm because they are being driven away from their farm lands AND foreign investors are being driven away from the country because they and their staffs dont feel safe in the country.

Nigeria recently lost a $6 billion dollar energy Totalenergies investment to Angola all because of insurgency

Heres what the CEO of Totalenergies, Patrick Pouyanne, has to say about Nigeria's petty insurgency and i quote:

"What are the challenges. SECURITY comes FIRST. For a CEO like me, security of my people is of UTMOST IMPORTANCE"


Farmers bring in local production as most salary earners spend more than 60% of salary on food. IF there is no local production of food, importers import food from other countries into Nigeria and we have to exchange the naira to buy goods tagged in other countries currencies hence devaluing the naira

Famers serve the local population FIRST and the excess of our farm reserve should be exported hence bringing in forex

while foreign investors bring in dollars and or other currencies hence serving as a means for Nigeria to gain forex.

4) The offer of SUBSIDY on OLD loans should be for a limited time only.
and it should only be on old loans TAKEN BEFORE the announcement of the recent interest rate hike dated may 21, 2024

this means the Federal Government of Nigeria will be servicing lower interest rates on old loans.


NOTE: THE federal government of Nigeria would not be liable to pay the principal + interest on old Loans. just THE INTEREST ALONE.

so those interested in paying their old loans taken BEFORE the recent interest rates hike would pay just the principal and not have to worry about the accumulated interest on their borrowed money

The 'Limited Time offer' is to get people to rush and seize the opportunity.
And most times, the interest on loans tend to be lesser than the principal hence the Federal Government would only be paying a little fee that will end up taking away excess money from the economy...this is way better than increasing the minimum wage

and IF this is action IS MATCHED with the production of local goods, Nigeria's inflation drops massively before the end of the year 2024 as there would be available goods to match up the already reduced money in the economy

When implemented successfully, You could be getting a 50kg bag of rice for #15,000- #20,000 this December 2024.

Yes, Nigeria as a country can return back to 1996 and early 2000 economically wise when foodstuffs we're dirt cheap and #5 still had value


The South is heavily industrialized hence taking available land for agriculture WHILE the North is agriculturalised meaning available land for agriculture.

The South should be incentivised to bring in forex with their business while the north should be incentivised to feed the population with food crops and if excess, could be exported hence still bringing in forex into the country


The elephant in the pool has been insurgency ALL ALONG.
Now the Nigerian Government knows exactly what to do to curtail inflation and I'm glad I could help.

I'm available for questions or clarifications

If you've found this insightful, please share this post so others can read too

and do forgive my typos.




Cc: Sapiens3

Quite a long read. The question is can Nigerian govt implement this? Which I highly doubt, they are just clueless bunch of failures.

Mercisharelove:
What do you know about yourself

Many things I think

Mercisharelove:
You didn't know HIM and you don't want to know him either and you also don't think he is powerful to save you and heal you?

What does he thinks about you? That's the next agenda.

Save me? From what?

Mercisharelove:
Yet you were still asking me what is Christ? Do I think my Christ is powerful? You seemed to have deep seated hatred for Christ. And I am so sure you have no clue who's CHRIST and you always think it's what you are thinking.

I don't know him. But I don't think he is powerful either.

IAmHim1:
I'll start with this

I DON'T NEED YOU TO PAY ME FOR ANYTHING!
Whatever I give is for free

And yes, that red pill thread was just a tip of the iceberg

I see you're trying to rush into making money. You might make mistakes

Learn the basics.

First, what's the difference between a bullish and a bearish candle

Reply this on the crypto thread and quote me

Okay I just did now

Bullish price high
Bearish price fall. That's the little I know. @IAmHim1

Mercisharelove:
Do you believe in CHRIST?

No I don't . Why will I?

IAmHim1:
With 10$ AND ENOUGH KNOWLEDGE, you're good to go

If you don't have the knowledge, do not trade ANY financial markets whatsoever else it amounts to pure gambling. You might make profits in the short term, but long term, you'll give back all you've gambled

The amount you should risk shouldn't affect you financially that's why it is called a RISK CAPITAL.

Interesting. I asked because currently I'm not financially buoyant. But I can afford 10$ at the long run. Now the thing is can you help a brother in the educational part of deriv synthetic? Cause I don't have money to pay you for this knowledge. I believe there is something going on in this world that is hidden. When I read your thread on redpill with emphasis posited on the matrix movie. I now knew I wasn't alone in the search of truth. I hate following crowds. That person people call mad is the kind of person I listen to

Mercisharelove:
The power and the wisdom of GOD ALMIGHTIEST

Are you sure your Christ is powerful?

IAmHim1:
It's synthetic indices

More like nasdaq and SnP 500 as nasdaq is an index on its own, same as SnP500

It moves Mondays to Sundays repeatedly AND is not affected by news release

Lowest of spread but is quite volatile. It either makes you or breaks you...but you have your peace of mind trading

I like the way you explain things. But this synthetic something, Will it require huge funds to start up?

Mercisharelove:
CHRIST

What is Christ?

IAmHim1:
Allrii. That's a nice step
For every financial investment, you need financial literacy FIRST

First what moves crypto price IS NOT BUYING PRESSURE AND SELLING PRESSURE
want to know why

Because there are some days when you hear so so and so bought a large amount of crypto but the price still dropped OR you hear that so so and so sold a large amount of crypto BUT the price refused to fall

That should be your first hint to know what's up

There is an Algorithm that delivers price across these markets...be it crypto, bonds, stocks, forex, indices, commodities...NAME IT.

it's TIME and PRICE. THE difference between the algorithm that delivers price between all these asset classes IS JUST TIME. the price aspect is all same. Just a different in time in which the major moves occur

The majority of people in that thread are lost...the crowd there are thinking same way BECAUSE they were taught to think like that through nonsense books and courses and silly mentors who don't know anything...just looking to make a quick buck from unsuspecting people

I don't trade crypto the same reason I dislike trading forex pairs: SPREAD AND NEWS IMPACT

I don't like having to check forex factory for news that might affect my trading or I don't like checking if my broker have increased the spread against me and hit my stop loss

I'm on deriv synthetic pairs for now. And I have a liking for indices ie SnP 500 n NASDAQ.

Mentorship takes time. All what I know, I learnt it through pain and tears over a period of years.

For guidance, I'll tag you in any of my future Post and I'll be active to answer any questions you might have, regardless of how silly it may sound to you, if only you're respectful when asking

I'll give you a broad view of how the financial markets really is and then you will be able to decide which market you want to be in and which style of trading you prefer

Okay pls do I am ready. I'm a fast learner and you said you don't trade crypto? Can you explain the deriv synthetic pairs?

IAmHim1:
Hie sapiens3
I saw your message request.

I used some personal information for my email and I'd love if we could discuss on this platform for now. I'll reply your message when I see it.

Looking forward to hearing from you.

Okay chief firstly I greet you. Lemme go straight to the point. I saw your post on crypto investment thread and I was intrigued and dugged deep into your other threads. I want to venture into crypto currency full time I don't know if is out of place to ask for your mentorship and guidance?

meetmohammed:
Hope Nigeria Government do something about this expatriates doing any how in is this country..
May her soul rest in peace.....



See eclipse of the sun I witheness in Abuja today