₦airaland Forum

erwinschro:
Again, One man's debts are another man's financial assets. It is the holders of the debt that suffer more than the debtors. When the US government inflates away its debt, it inflates away ALL dollar denominated debts. Think about it, if the dollar is devalued then this is fantastic news if you are owing dollars because it is easier to pay back your eurobond.

Not for nations that have payment deficit.
We still import more than we export.

RabbiDoracle:
Somehow, Yes. But countries can restructure their debts in a painful way.

But where the problem lies are with individuals in those economies that are debt based economy - those that use credit cards like the western countries. Their own will be x 10. Because as the rates on your debt increases, you enter into more debt and you go and use more debt to solve your problems. By so doing, you are in a debt spiral. And since these debts are backed by their houses or other assets, those assets get seized and force-sold. This will crash the asset prices the more.

True.
China will likely give out more dollar loans to debtor nations...in exchange for more strategic assets.

erwinschro:
The ball has to drop at some point. Credit functions in cycles, even the biggest most powerful countries can't just borrow in perpetuity there will always have to be a deleveraging at least once per century and this goes back to the beginning of money and civilization. They even used to cancel debts every 50 years in biblical times.

People are running to the dollar for safety not knowing that they may actually need safety from the dollar. When the US government needs money, it just borrows it into existence (like all countries do) and promises to pay it back + interest. If you borrow the first dollar into existence and promise to pay it back + interest, where do you get the second dollar? It has to also be borrowed into existence. The whole system can only work if the debts continue rising forever. Many people will argue that this is by design and its just how economies work. In reality, economies have only worked like this since Richard Nixon got rid of the gold standard 50 years ago. There is a 100% failure rate of fiat currencies throughout history, but never has the world's reserve currency been fiat.

The real crisis is that in those same 50 years the US has been operating with a trade deficit, buying more from the rest of the world than they have been selling and paying for these goods with US dollars that they borrowed into existence. This system doesn't collapse because countries don't actually convert their dollars back to their own currencies because it would cause them to appreciate and make their exports uncompetitive. So what do they do? They loan that same money they were paid for their goods right back to the US government by buying those same bonds! This is the true luxury of being a superpower.

Now inflation is high in the US and they are facing the classic issue. The level of inflation adjusted interest rates that is low enough to save debtors from bankruptcy is below the level required for creditors to hold the debt as a viable storehold of wealth, devaluation is the only option - in fact its an inevitability. I suggest you read (or watch) Principles for dealing with the changing world order by Ray Dalio the largest hedge fund manager in the world.

As RabbiDoracle has stated, there will actually be a wealth effect in emerging markets because compared to the rest of the world we hold comparatively fewer US government bonds

For debtors countries (in dollars), there case will likely be worse.

It would be interesting to see FCMB & WEMA merger. Would it not?

veecovee:
Thank you all for the condolences.

Sorry no dey heal wound but it get wetin it dey do.

May the Lord direct you all to the right investments IJN

Hope you are holding up well. God bless you sir.

Yoast:
So sorry my brother for your loss. May the soul of the departed continue to rest in peace. Amen.

Hope you are holding up well.
God bless you ��.

Page 6666

Expect Something Huge

Cultistupdate:
This is the full story
Remember I had warned u guys 10 days ago who are members to run from Abeokuta immediately.

https://www.nairaland.com/7034839/blackaxe-eiye-abeokuta-enter-night

Because that was when the clash started



https://www.youtube.com/watch?v=OdC9oranDZ0

The guy called @cultistupdate is a suspicious SARS person who might be involved in extrajudicial killing of innocent Nigerian youths...and then capture it on video and share it as cult attacks.

Cultistupdate2:
As the cult war between Blackaxe and Eiye intensifies in Shagamu Ogun state. Follow the story

https://www.nairaland.com/7049391/full-story-tommy-popular-area

The guy called @cultistupdate is a suspicious SARS person who might be involved in extrajudicial killing of innocent Nigerian youths...and then capture it on video and share it as cult attacks.

Cultistupdate:
This one is another war o. Not the Blackaxe vs Eiye this one is Blackaxe vs Buccaneer in Ijoko Ogun State.

So this is what happened.

The guy called @cultistupdate is a suspicious SARS person who might be involved in extrajudicial killing of innocent Nigerian youths...and then capture it on video and share it as cult attacks.

Vidamia:
This guy was just killed now a at IBD hotel junction ilaro Ogun state

The guy called @cultistupdate is a suspicious SARS person who might be involved in extrajudicial killing of innocent Nigerian youths...and then capture it on video and share it as cult attacks.

austinkenneth:
After these relaeases, It wouldn't be strange to see the price at N2.00

Let those who have the releases please share them with us.

locodemy:
There is one stock.This stock has really dealt with some top ogas here.Some went on exile till today because of what the stock did to them in the past.This stock lacks good corporate governance because of bad mgt.

This stock is set to deliver in price action but the results are nowhere to be found for over 2 yrs now due to the issue it's having with the regulators.

I am here to announce to our members to get ready for sharp rise.Infact the stock may deliver close to 500% if not more than.

With all these expressions, the stock is decoded.Soon we gonna see if I am right or wrong.

The cowboys at the helms of affairs are getting ready to take it to 1000%.

The Chinese probably killed two of them and retained one head in the freezer in order to frame up the other guy.

DropsMic:
Fun fact. Most African Countries first Japan et China get Train technology.. But today na them dey construct trains for us.

Africans didn't get the train technology.
European built some rail lines in Africa for transporting minerals and products

MERRY CHRISTMAS, MY PEOPLE

A few million shares I have in Nestlé is making me �

I am prepared to see elephant at around kilomina twenchy twenchy

77 million units bids now .

I just opened page 6500.
A small gifts for y'all

YES TO GOOD.

Shalalalalal

Hello everyone.

The market rain maker is now ready to start work.

He was lucky to have regained his sense. In some cases, he would sell his properties and give as special thanksgiving offering.

emmanuelewumi:
Imagine someone got a total severance package of about N40 million and had to ask his Pastor to pray over the sum and reveal the business he should invest in.

By the time he regained his sense after 18 months, he had sown seeds and given offering worth over N25 million into the kingdom's business.

Assuming he had been Investing before he was retired he would have known what to do with the money

Flash360:
Who fit borrow me 30million wey dem no need urgently, make I use am load something for market for 1 month, payable with 10% interest. use me as the collateral.

You think you are valuable? What is your value if you have to use yourself as collateral to borrow 30m?

locodemy:
Don't be too sentimental in oando.
You are a newbie in that stock.
The stock really dealt with top ogas you are seeing here.
If you bought at 3.00,you can bail out at 75% profit now and wait for another bargain junction that will come up.Another rally will come upon the release of accumulated results

Make him be top oga, too na.

MONITOR CRUDE OIL PRICE CLOSELY.

Good day my people.
How are we all doing?
We are going to make it.

The fuel to the bank prices is about to be increased.
Short term traders are about to smile.

The week is indicative of what is to be unleashed from next week.
Zenith is to close the register next week. And subsequently to mark down. Hmmm. This seems that there may be some dumping. Anticipation mode activated.
On GT, I do not expect them to match the zenith's declared dividend. This then means that many people might also dump GT in order to buy Zenith at a lower price. This may restrain Zenith's price from dropping drastically. Optimal zenith price after markdown may thus be at around 20 to 21.50 naira at the first instance and subsequent drop to 18 to 19.5 naira in about 4 weeks' time.

emmanuelewumi:
Your transaction history on CSCS online will show it if it happened, the date of the transaction, volume of shares and price

You can take it up with them by reporting to the authorities

Ok.
But if the account is blocked already, won't they have blocked the updating as well.

Another thing is if the rally in the market was orchestrated to benefit them only, then they could block others so that only selected traders were selling at that moment.
For example, if a PFA wanted to buy some stocks for their portfolio, their friends in the industry might get the info and then created a pseudo rally. They would only make a bull out of the required stocks. During the time, they would suspend high volume and high frequency traders. This would help their bull as well. After they were done with the dumping, they would remove the suspension for most people. But if they had special grudge against you, your own suspension may last a lifetime.
Also during a massive bear, similar thing could done.

debostar:
It seems that it is the only meristem that asks for KYC every year. Meristem used to be a good and professional stockbroking firm.Now they look for every opportunity to stop your account

It seems that they deliberately block high volume clients" accounts whenever there is a rally in the market...
They might sell your stocks at high price and later buy it back when there is a dip...behind your back.
Your account with them would show actual balance of stocks...but they are running things behind.
They would block your account under guise of frivolous excuses.

Mcy56:
WEMA BANK:
http://www.nse.com.ng/Financial_NewsDocs/32462_WEMA_BANK_PLC%20_QUARTER_4_FINANCIAL_STATEMENT_FOR_2020.pdf

Should we say that this is a good result?
I would say so considering the impact of covid on the economy of most countries.