₦airaland Forum

@rottennaija

My point is that it is an interesting analogy I stumbled upon

When you miss this offer because you didn't subscribe you'll feel sad

When you feel sad you throw things

When you throw things people get hit in the eye

When people get hit in the eye they accidently run their cars into rice farms

When people accidently their cars into rice farms rice becomes expensive

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jarkbauer:
Morgan will be back tomorrow. well i need to recall my money from MMM

Stumbled upon this interesting analogy about MMM. I thought is was apt, Enjoy.

```The Monkey Money Madness! (MMM)

Once upon a time in a village, a man appeared and announced that he would buy monkeys for N100 each. The villagers seeing that there were so many monkeys around, went out to the forest and started catching them.

The man bought thousands at N100 and as supply started to diminish, the villagers stopped their efforts. He further announced that he would now buy at N200. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished and people started going back to their farms. The offer rate increased to N250 but the supply of monkeys became so little that it took much effort to even see a monkey, let alone catch one.

The man now announced that he would buy monkeys at N500! However, since he had to go to the city on some business, his assistant would now buy on his behalf.

In the absence of the man, his assistant told the villagers: ''Look at all these monkeys in the big cage that my OGA has bought from you, I will sell them to you at N350 and when my OGA returns from the city, you can sell it to him at N500''.

The villagers squeezed out all their HARD EARNED savings and bought all the monkeys. The most greedy ones among them even sold their lands to purchase many MONKEYS, hoping to make a huge profit without labor.

Then...

They never saw the man or his assistant. Only monkeys everywhere!

Welcome to #MMM.The world of Monkeys!```

```The Monkey Money Madness! (MMM)

Once upon a time in a village, a man appeared and announced that he would buy monkeys for N100 each. The villagers seeing that there were so many monkeys around, went out to the forest and started catching them.

The man bought thousands at N100 and as supply started to diminish, the villagers stopped their efforts. He further announced that he would now buy at N200. This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished and people started going back to their farms. The offer rate increased to N250 but the supply of monkeys became so little that it took much effort to even see a monkey, let alone catch one.

The man now announced that he would buy monkeys at N500! However, since he had to go to the city on some business, his assistant would now buy on his behalf.

In the absence of the man, his assistant told the villagers: ''Look at all these monkeys in the big cage that my OGA has bought from you, I will sell them to you at N350 and when my OGA returns from the city, you can sell it to him at N500''.

The villagers squeezed out all their HARD EARNED savings and bought all the monkeys. The most greedy ones among them even sold their lands to purchase many MONKEYS, hoping to make a huge profit without labor.

Then...

They never saw the man or his assistant. Only monkeys everywhere!

Welcome to #MMM.The world of Monkeys!```

2 & 3 bedroom flat available at Trademore Estate, Abor hills, Enugu.

Still available

OBAGADAFFI:
BAD.

It means interest rate is not coming down, and inflation will remain high.

It has totally lost control of the economy.

With this decision interest rates are definitely not going to come down, however there is an inverse relationship btw interest rates and inflation.

Seeing that the high inflation is largely due to the Forex crunch, reducing the MPR, hence other rates, only fuels higher inflation because we'll have more liquidity chasing fewer goods

One can argue that a rate reduction will reduce the cost of fund to manufacturers which in turn reduces the cost of production (and products) and ultimately reduce inflation.

However, I don't think this move will do much to ease the rising inflation given that we are talking about a 3,000+ basis point INCREASE in cost of foreign currency (devaluation) compared to a 200 basis point DECREASE in cost of fund.

These are my thoughts.

Own your home in one of the most prestigious hill top developments in Enugu.

Offer valid while stock last

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Still available

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anochuks08:
how much is monthly payment?

Depends on the number of years you wish to spread the payment.

After the 20% upfront payment, monthly payment for a 3 bedroom for 15years will be around 60k.

The keys will be given to to after the 20% payment and the title after complete payment

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Work going on to complete the d 3 bedroom section. Fixed with reticulated water system. Get own unit NOW!!!!!!!!!

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REDDEVILS1:
What of outright payment. How much

Outright payment is N12m for 3 bedroom and N9m for 2 bedroom

.