UncleJJ's Posts
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 Politics / Re: "Buhari Should Have Spoken In English"- Femi Falana Criticises Presidency by UncleJJ(m): 2:11am On Jun 26, 2017 |
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| Politics / Re: We Are Not Biafrans, Akwa Ibom Group Says by UncleJJ(m): 3:39pm On Jun 25, 2017 |
ScotsReferendum: 2 Likes |
| Politics / Re: IPOB And Those Agitating For Nigeria’s Breakup Will Fail – Okorocha by UncleJJ(m): 3:32pm On Jun 25, 2017 |
1 Like |
| Politics / Re: I Can Help Nigeria Generate 24 Hours Electricity .....-aroms Aigbehi by UncleJJ(m): 3:29pm On Jun 25, 2017 |
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| Politics / Re: Oil Producing States In Nigeria 2017 by UncleJJ(m): 3:12pm On Jun 25, 2017 |
1 Like |
| Politics / Re: The Real Target Of The Northern Youth Is Yorubas Not Igbos! by UncleJJ(m): 3:34pm On Jun 24, 2017 |
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| Politics / Re: Osinbajo Seeks Senate's Approval For $1.5 Billion Loan by UncleJJ(m): 4:59pm On Jun 06, 2017 |
Jolar101: This is fatalistic thinking. I have a question. When you walk into a bank to borrow money to start a business does a bank borrow you money based on your inability to pay or ability to pay. You don't understand this issue and perhaps you need to study nations and their debt or conglomerates and their debt. Why debt is one of major sources of finance (capital) for countries and companies. Debt/loan is meant for expansion , when a nation expands or country expands it increase in values and grows - hence it ability to pay debt increase and infact surpasses it's current debt. In accounting this debt/loan is a double entry - one entry increases current liability [/b]and the other increase [b]current assets/working capital. |
| Politics / Re: Osinbajo Seeks Senate's Approval For $1.5 Billion Loan by UncleJJ(m): 4:42pm On Jun 06, 2017 |
aprokomania: Like I have said, their is nothing wrong with borrowing. However, the goal must be achieved - i.e what the money is meant for. The government needs to force these states to provide unfettered access to the public on the application of these monies. What are they been spent on and how far have these projects been carried out. They need to be monitored and hence each state should set up a website which monthly provides a breakdown of the ongoing project. We need complete transparency - this will ensure the money is used for what is was given for. We cannot reject the loan because we think the money will be embezzled. |
| Politics / Re: Osinbajo Seeks Senate's Approval For $1.5 Billion Loan by UncleJJ(m): 4:35pm On Jun 06, 2017 |
blueseacats: It does not matter how China got hold of this debt. What matters is that China is the single largest holder of US debt outside it's shores. See my first post. I have added more information. |
| Politics / Re: Osinbajo Seeks Senate's Approval For $1.5 Billion Loan by UncleJJ(m): 4:15pm On Jun 06, 2017 |
blueseacats: You don't know what your talking about http://money.cnn.com/2017/01/19/investing/china-sells-us-debt-japan-russia/index.html China still dumping U.S. debt -- and so is Japan. But Russia is buying Using inflation to erode the US public debt https://doi.org/10.1016/j.jmacro.2011.09.001 It suggests that when economic growth is stalled, the US debt overhang may induce an increase in inflation of about 5% for several years that could significantly reduce the debt ratio. Their is no clear theory that say one is better than the other in this case. The US dollar gives America an unfair advantage over any other nation - it can borrow till eternity. As long as the USD remains the belle of the ball. So the US can stabilize it's economy by borrowing what it needs to bring down interest rates, finance wars, social programs, IPO's etc. Nigeria on the other hand has a shortage of Foreign currency, and at the moment our coffers are not buoyant neither is our IGR sufficient to finance our programs - so how do we get cash to jump start the economy like the US does every time their is a financial crisis ? Remember we did as well, that is spending to sustain our economy like the American's when Sanusi was defending the Naira during the last financial crisis. Nigeria did not feel a pinch. Now we don't have that kind of money to defend the Naira and at the same time - inject funds into the economy to bring homeostasis to the economy. Borrowing is the key. It will inject dollars into the economy which we can convert to Naira and triple the cash flow in the system. This loan will serve like propane gas for the economy - it will stimulate production. It does not matter where the money is spent as long as it is serves for production and sustained payment of wages. 1 Like |
| Family / Re: Advice : I Care For My Wife But Love Another Woman by UncleJJ(m): 8:15am On May 01, 2017 |
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| Business / Re: U.S. Based Businessman To Set Up $2bn Dollar Modular Refinery In Edo by UncleJJ(m): 6:09pm On Apr 28, 2017 |
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| Business / Re: I Made $430 In One Day Through My Blog Last Week... Learn How I Did It by UncleJJ(m): 6:07pm On Apr 28, 2017 |
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| Business / Re: How I Make Over $200 From Clickbank Everyday In Nigeria by UncleJJ(m): 6:06pm On Apr 28, 2017 |
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| Romance / Re: During Séx: What Is The Standard Time A Man Should Last In BED? by UncleJJ(m): 5:00pm On Apr 28, 2017 |
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| Politics / Re: Nnamdi Kanu Fulfils Bail Condition by UncleJJ(m): 4:47pm On Apr 28, 2017 |
dieNL: Chief Albert Korubo Horsfall, Ex-Director General of the State Security Service, SSS, Ita Esien Ekpeyong mni, Ex-Director General of the State Security Service, SSS, Afakriya Gadzama, Ex-Director General of the State Security Service, SSS, 2 Likes |
| Crime / Re: Nigerian Man Shot Dead In Bellville, Cape Town Yesterday - Graphic Picture by UncleJJ(m): 4:23pm On Apr 26, 2017 |
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| Politics / Re: Nnamdi Kanu Rejects Bail, Ready To Die With Co-Detainees by UncleJJ(m): 2:25am On Apr 26, 2017 |
1 Like 1 Share |
| Politics / Re: Nnamdi Kanu Must Go Back To Kuje - Angry Nairalander by UncleJJ(m): 8:02pm On Apr 25, 2017 |
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| Politics / Re: Nnamdi Kanu Rejects Bail, Ready To Die With Co-Detainees by UncleJJ(m): 7:48pm On Apr 25, 2017 |
3 Likes |
| Politics / Re: PMB Will Not Hand Over To Igbo The Way North Stupidly Handed Over To GEJ- Junaid by UncleJJ(m): 7:39am On Apr 23, 2017 |
2 Likes |
| Crime / Re: Church Leader's Son Hits Lady With Stone For Sleeping With His Father (photo) by UncleJJ(m): 5:14am On Apr 22, 2017 |
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| Romance / Re: All These Ladies With Tattoos On Their Bodies, Get Far Away From Me by UncleJJ(m): 5:10am On Apr 22, 2017 |
1 Like |
| Romance / Re: Did She/he Give You A Hard Time? What Did You Do To Finally Get Him Or Her by UncleJJ(m): 5:36pm On Apr 21, 2017 |
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| Politics / Re: Buhari, Daura And Magu At Jumat Service In Aso Rock (Photos) by UncleJJ(m): 5:12pm On Apr 21, 2017 |
2 Likes |
| Computers / Re: RANSOMEWARE!!! All My Computer Files Encrypted and held to randsome by hackers by UncleJJ(m): 5:11am On Apr 21, 2017 |
Stop downloading junk off the internet. I am on the internet 24.7 and in 3 years not one virus and i use windows. WTF |
| Politics / Re: Drama As Corper Who Sought Photograph With Fayose Gets Automatic Employment by UncleJJ(m): 4:54am On Apr 21, 2017 |
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| Politics / Re: How I Was Robbed By Two IPOB Members Today by UncleJJ(m): 4:45am On Apr 21, 2017 |
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| Politics / Re: Jasper Azuatalam Thanks Buhari For His Appointment As Executive Director, NSITF by UncleJJ(m): 4:44am On Apr 21, 2017 |
2 Likes |
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