₦airaland Forum

mikedanza: Your currency is influenced by several factors

1. Amount of output in the form of GDP and relative comparative advantage ( stuff you can produce better than others). Some of which you will consume and/or sell to other countries (export)

2. What other countries feel is the value of your currency based on some of the other listed options

3. Stability of your Government and Economy (they are sure you won't overthrow tomorrow via a coup or wake up overnight and Nationalize foreign investments, or change interest rates etc)

4. Amount of stuff you require from other countries/bodies which you cannot produce yourself (imports)

Let's give a Layman's scenario in the light of the above.


Assuming this government prints lots if naira (NGN) and shares 100 million for each citizen.

At the current rate of prices of goods in the market, on a first come first served basis a few thousand people will buy up most of the land in each state. Goods and services will be bought up in the same manner with millions of people having money in their pocket with nothing to buy.

Next thing is if you wish to buy a piece of land that used to cost 10 million, you might be ready to cough out as much as 3 times the amount for the owner to feel tempted to sell to you because he knows he can't get it at the same price he bought it at first ( due to scarcity occasioned by high demand as everyone has too much money now). This same pattern will affect all sectors and drive up prices leading to what we call INFLATION (plenty money chasing too little goods/services)

Taking it to the import /export level......

Nigerians now have lots of money and will want to import cars and luxury items from the United States. Assuming you must convert to USD.

Your currency is as strong as the sum total of your output (GDP).

If they finish accepting your NGN and come over to spend it in buying Crude and they discover the entire Crude you own is less than the amount of NGN you have spent in their country buying cars, a trade deficit sets in. They will no longer accept your NGN again and they will promptly tell you to make purchases henceforth using their own current.

The only way to raise the USD will be to sell crude. and the amount of crude you produce per day is just over 2 million barrels. But you want to buy cars worth 20 million barrels cos you printed more money.

Every country will now increase the number of NGN they will collect from you in exchange for their own USD. AND YOUR CURRENCY BECOMES LIKE THAT OF ZIMBABWE!!!

Therefore part of the difficult jobs of Central Banks and Ministries of Finance is to find out where this fluid balance is between Output, Consumption and the amount of currencies/instruments to print/generate via fiscal (Quantitative Easing, Budgetary spending, debts etc) and monetary (interest rates, cash reserve ratios for banks, inter bank etc) policies!

Nice write up you've got there. If i may ask, why does Nigeria go looking for funds to borrow when it has a foriegn reserve of over 50billion usd? I know d funds are held in form of soveriegn countries debt bonds but why not call them up to finance projects?

kolykoldy: There's something call the Dollar certificate. When a country transact Biz with another,like crude oil or palm oil (lol),the recipient country pay em in dollar certificate from their trade and something fund (couldn't recollect that)...country also do biz with this certificate, and when ever they have to print money they Dollar certificate ll reduce the exact amount printed by your country....the world have regulatory body...but dem baba iyabo dey print money oo...and my oga in the grave Abacha print more than enough...ITT my assz.

If your claim that they print money with impunity is true then inflation will spiral out of control. Abacha sold our oil to china and others using swiss billionaire, mark rich to broker the deals. Nigeria was under sanction then, but was able to finance importation of goods and services with dollars from oil sales.

Good morning folks, this machine is still available.

red101: countries go broke because of low production. money is just paper. you can't eat it, you can't use it to clothe yourself. etc
ex. Mugabe kicked out the white farmers in Zimbabwe hence agricultural and livestock output went down and food became scarce. Mugabe thought he could solve the problem by printing more money.
Think about ancient barter system. How do those societies go broke. probably because of famine or drought or wars etc resource depletion. Money is just paper meant to represent production of valuable resources. Banks and economists have to regulate it so that the currency is a proper reflection of production rates. otherwise, there will be inflation or in the opposite case, deflation.

Iam in agreement with you on this, but lets not forget that zimbabwe was under sanctions from the western countries for trying to break free from d system. They became a pariah to all countries in d world(even africans). Abacha, with all his excesses stood up to them by not borrowing a dime from imf and even pegged the naira to N22 to a dollar when imf would have asked for outright devaluation(though subject to abuse by officials). I think mugabe would have succeeded if africans had shown more support but sadly its not a fair world.

Missy89: RT? LOL

RT is the propaganda wing of Russia just like CNN and FOX etc in the US. They all lie

it seems you are not getting the question.. the question is why cant countries print their money to pay debts. and someone said it depends on the military power of the country and i said that was false.

The dollar has the advantage because of the war and the petrodollar system that doesn't mean every country can start printing money because they are strong militarily (that was what i said he was wrong about). US didn't invade to force everyone to take the dollar, instead it negotiated with the Saudis to use the system. trying to keep the status quo in place militarily or not has nothing to do with answering the question of why countries cant print money.

US gives a hoot about the money it owes China because if china start dumping the debt,everyone will start doing the same which will reduce the credibility of the debt. the dollar is a fiat currency that means it works on trusting the government of the US, if they don't care about the debts why do they service it every year then? dunno where u are getting your stories from

Don't be surprised if the elites are in control of china and russia. Controlled opposition to the system is an old game. You only need not step out of bound like gaddafi. A most well kept secret in d middle east is the jewish ancestry of the saudi mornach. They are donmey jews from turkey and very like ashkenazi jews by extension. So they are not likely to bring `down' the US, unless it serves the plan of the elites. Ordo ab chao(order out of chaos) is their maxim. Either way,they stand to win.

BedLam: If you have read the "creature of Jekyll Island", you would know that the US does prints her own money. Bro, the Federal Reserve is above the law!

I agree with you dt d federal reserve are above d law. However, wether its truly a federal institution remain to be seen from all available evidence. Jfk and lincon were killed for trying to put d fed in check. Pres. Jackson had a running battle with them and managed to put them in check but temporarily. Its like saying fedex(postal agency) is a govt institution which it truly is not. The fed prints d money for US govt spendings, lent out at a loan rate, which is guaranteed by yearly tax recipts from the citizens. Same thing happens in d Uk and other countries of the world. You can't wake up one morning and start printing your currency even if you back it up with precious metals like gold cos you will be having powerful forces to contend with.

You guys need to see the documentary `money changers' to understand why nations go broke. Nearly all d central banks in d world are privately owned including the US Federal reserve(funded by 12 corporations) and the bank of england. The battle against money bags even predates the flogging Jesus gave them at d temple. The Us govt does not have a right to print her currency owing to a legislation passed in 1913. Why is Nigerian govt looking to borrow to finance spendings,when it has a reserve it can draw on? Banking and the whole world by extension as we know it today is controlled by occultic elites who act with impunity and do not have regard for national laws.

Gud morning folks, vehicle is still available.

I agree with most of the points you raised. If many christians in nigeria know about the powers behind the so called God's people, i dont think they will want to have anything to do with them.
Firstly, they are not christians and neither do they practise judaism as thought by the torah. They are practitioners of jewish esotric qabala with teachings from the talmud.
They discriminate against black jews(falashas) and orthodox practicing jews (who have a great disdain for millitary duties).
My greatest concern is the motive behind Israel's conduct which i believe is more inspired by satanic and demonic forces.
What does benjamin netayanhu, bill gate, bill clinton, rockerfellers, rotschilds, magdalene albright,alan greenspan,madonna, and roman abrahmovic to name just a few, all have in common. They all follow and practice this perversion of judaism.
Don't be surprised if the globalist elites are the ones funding and arming hamas and al aqsa brigade since they are known to back both sides of all conflicts.
israel is even more of a threat to world peace with their unending penchance for land grabbing and acting with impunity. More worisome is the fact that they get the most foreign aid from the US and possess about 200 nuclear weapons.

PastorAIO: LOL! I know about the Khazarians. The thing is that the Khazarians disappeared from the face of Europe. Naturally they probably would have blended into the other Jews of europe but then again it is said that they were not very pious jews.
Furthermore there has been genetic research into the Ashkenazy Jews and it is found that most of them are more related to Iran than to Turkey or Ukraine. (Although that could have been a zionist cover up cos I got it from a zionist site . )

However what I think is a hard to dispute fact is that the ashkenazis and many Jews today are not descendants of Abraham. and those that are have only very very little semitic blood. Which of course makes a joke of the term antisemitic cos most of the arabs are actually semites.

I agree with most of the points you raised. If many christians in nigeria know about the powers behind the so called God's people, i dont think they will want to have anything to do with them.
Firstly, they are not christians and neither do they practise judaism as thought by the torah. They are practitioners of jewish esotric qabala with teachings from the talmud.
They discriminate against black jews(falashas) and orthodox practicing jews (who have a great disdain for millitary duties).
My greatest concern is the motive behind Israel's conduct which i believe is more inspired by satanic and demonic forces.
What does benjamin netayanhu, bill gate, bill clinton, rockerfellers, rotschilds, magdalene albright,alan greenspan,madonna, and roman abrahmovic to name just a few, all have in common. They all follow and practice this perversion of judaism.
Don't be surprised if the globalist elites are the ones funding and arming hamas and al aqsa brigade since they are known to back both sides of all conflicts.

As regard the question by the op, i do not think the majority of the people in israel today are actually jews. You need to dig deep to know that a more sinister and powerful force at play here. Two things you need to do. 1. Do a research on jews from khazaria in old soviet union and their influence in world politics. 2. A research on the occult symbols in the supreme court of israel will give you a hint. Lastly,who is this quote refering to.`i know thy works, and tribulation, and poverty,(but thou art rich) and i know the blasphemy of them which say they are jews, but are the synagogue of satan' rev 2:9. Think people. Think.

S.a

Good morning folks, machine is still available.

S.a

I don't think its biblical to command witches and wizards to die by fire. Because it is not possible to kill spirits. `And fear not them which kill the body, but are not able to kill the soul: but rather fear him which is able to destroy both soul and body in hell. Matt 10:28. I find it mystifying that if you kill a witch/wizard by fire, you leave the soul/spirit to cause more harm. Worse still, to re possess another body or host.

S.A

Gud morning folks, this machine is available.

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Gud morning folks, this machine is still available. Keep the calls coming.

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Good mornimg, this machine is still available.

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Good morning folks, this machine is still available.

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Good morning folks. This machine is still available.

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Good morning folks. Wishing you a wonderful day.

S.a