₦airaland Forum

lagdmark:
Olodo, what of the 3 US officers killed at a US Naval Air station in Florida by a Saudi trainee.

Your father is a worthless failure and an olodo.

Was the Saudi trainee backed by the Saudi govt ?


You are a failure and a useless waste of molecules.

At least they haven't killed anybody, Northern Muslims tend to be really really daft in matters concerning religion.

Not when our economy is growing at tortoise speed.

0monnak0da:
How come in the immediate fallout since 2008the US economy has struggled whilst the Chinese economy has doubled in size?

The u.s hasn't struggled since 2008, growth rates of 2 to 5 percent are great for a developed country like the u.s

It's wrong to expect the u.s to be growing the way China is growing because developed countries which are already at the technological frontier don't have much room to grow.

It's like asking why an adult is not growing as fast as a child.

0monnak0da:
I am sure you want to ask a good question. I just do not comprehend it

The financial crisis started in the u.s.How was it able to affect other countries in the world. It even affected South Africa.

How was the mistake of banks in just United States develop into a world wide crisis.

0monnak0da:
Arm chair analysis
The current banking system works for China
That is what has made it the 2nd economy and the government with the most cash surplus in the World
There is no where in the Quran, bible or IFA where it says privatized banking is good for all nations
So the underlying assumption that privatized banks are good or desirable needs interrogation

There is a difference between privatizing existing government banks and opening the sector space for non state players

Any analysis that proceeds on the basis of predetermined assumptions about what is good is not analysis at all.it is religion


It was private banks that brought the world to its knees in 2008 financial crisis. This was down to bad loans . The banks were bailed out around the world by the Fed and other central banks with taxpayers money. It is funny how folk spout all these dogmas about privatisation without studying history
For the first time we heard
TOO BIG TO FAIL
Privatized banks in the West acted quite irresponsibly in funding a housing bubble
Today in the UK with the so called Help to Buy scheme banks are allocating capital to the housing industry under government steer.
Let us not deceive ourselves about the purity of capitalism anywhere

Bad loans had a greater impact in the West than in China which continued to grow since 2008 whilst the West stagnated
There is no perfect system.
What would for China might not work for Germany and vice versa

I would like to ask , how is that the mistake of private banks in the u.s spread to the entries world ?

omohayek:
I’m not sure the Chinese could easily go that route even if they wanted to. There’s nothing stopping other countries from joining in the competitive devaluation game, which would cancel out any temporary advantage China gains, and in any case a huge slump in the Yuan would only spur further capital flight of the kind that has already led to overheated housing markets in Australia, Canada and the UK: money fleeing China is money that can’t substitute for the easy loans Chinese banks would no longer be able to dole out to the SOEs.

When fpi investors are going to a country to invest.why don't they put their dollars in a dollar account inorder to prevent losses due to devaluation ?

grandstar:
Trumps action was extremely reckless. Now, everyone is nervous.

The same Trump who ordered for the withdrawal of US troops from Syria now assassinates the 2nd most powerful man in Iran shows how erratic and incomprehensible his actions are.

Pelosi should go further and assuage the feelings of the Iranian Mullah who are determined to revenge this act. The Persians must be made to see this as a solitary act of Trump rather than consensual. The American people or the world's economy must not be made to pay for his senseless act.


The jitters presently is caused by not knowing where the Iranians would strike. They'll definitely hit soft targets that will cause the most damage. Trump should simply have let sleeping dogs lie. His tendencies to wake them is becoming tiresome.

You know you can't just attack the u.s military base and go Scot free.

Iran tracked the u.s military base in Iraq last month , a u.s civilian contractor was killed.

grandstar:
I 100% agree with you. Even Nigerians living in China that acted as middlemen have started departing the country.

Let me digress a bit. What do you think will happen is the Chinese debt mountain unravels? Can it ever unravel considering most of these debts are owed to state-owned banks that may never call them in lest it starts a run?

Will the Communist party ever be able to put a brake on the reckless lennding considering it may lead to a slowdown which may dent the party's fortunes? The party enjoins legitimacy only be bringing prosperity to the populace. A slowdown or worse, a recession does the exact opposite. Cleaning up the banks will see the closure of many SOE's and with it, millions of jobs.

I doubt the growing debt burden is sustainable. A Bloomberg article stated nowhere in the world has such a debt burden ended without catastrophic consequences. Is China immune?

Grandstar why do you think China doesn't want to privatize it's banking system ?

omohayek:
That's not the reason why. Considering the size of the European market, as well as the east coast of North America, Nigeria should in principle have nearly as vast a market as the Chinese enjoy natively, and one that's actually bigger when one adjusts for disposable income, which is still much higher in Europe, the USA and Canada. In addition, sub-Saharan countries like Nigeria actually have preferential access to Western markets in many cases, thanks to the desire of these rich countries to foster the kind of growth that will keep us from migrating to them in large numbers. If we had halfway functional governments, we would be dominating these sorts of industries as the lowest cost manufacturers.

The real reasons why the footwear industry has not taken off in Nigeria are the same ones behind Nigeria's failure at fostering any other sorts of industry, primarily

1. An excess of slow, illogical and highly corrupt bureaucracy, made worse by erratic decision-making at the top political level (e.g. Buhari's abrupt, indefinite closure of the borders).
2. Terribly maintained transport infrastructure, which raises the cost of getting goods to market, and completely rules out any goods where time is of the essence (e.g. fashion-driven items like shoes and clothing).
3. Clogged, slow-moving seaports. Again, timeliness is often of the greatest importance in industries where fashions frequently change: nobody is going to wait 6 months for their shoe orders to clear Apapa.
4. Lack of access to reliable power (and no, even the biggest generators don't count).
5. A consistently overvalued official exchange-rate, thanks to the persistent Nigerian delusion that this is the key to a "strong" Naira (as opposed to simply refraining from printing excess money to cover hugely inflated wage-bills and redundant layers of useless "government" ).

So in this aspects , I expected / expect Ghana to be better than Nigeria .

FryMosquito:
Write to them nah, since you forgot we don't have stable electricity

U didn't read my post.

This country is just toring on in own.

princemillla:
Wettin concern nigeria with Soleimani’s death now. Anyone caught disrupting the peace of this country should kiss the full wrath of the law.

You have no idea how moronic some Muslims in the north are.

omohayek:
That's not the reason why. Considering the size of the European market, as well as the east coast of North America, Nigeria should in principle have nearly as vast a market as the Chinese enjoy natively, and one that's actually bigger when one adjusts for disposable income, which is still much higher in Europe, the USA and Canada. In addition, sub-Saharan countries like Nigeria actually have preferential access to Western markets in many cases, thanks to the desire of these rich countries to foster the kind of growth that will keep us from migrating to them in large numbers. If we had halfway functional governments, we would be dominating these sorts of industries as the lowest cost manufacturers.

The real reasons why the footwear industry has not taken off in Nigeria are the same ones behind Nigeria's failure at fostering any other sorts of industry, primarily

1. An excess of slow, illogical and highly corrupt bureaucracy, made worse by erratic decision-making at the top political level (e.g. Buhari's abrupt, indefinite closure of the borders).
2. Terribly maintained transport infrastructure, which raises the cost of getting goods to market, and completely rules out any goods where time is of the essence (e.g. fashion-driven items like shoes and clothing).
3. Clogged, slow-moving seaports. Again, timeliness is often of the greatest importance in industries where fashions frequently change: nobody is going to wait 6 months for their shoe orders to clear Apapa.
4. Lack of access to reliable power (and no, even the biggest generators don't count).
5. A consistently overvalued official exchange-rate, thanks to the persistent Nigerian delusion that this is the key to a "strong" Naira (as opposed to simply refraining from printing excess money to cover hugely inflated wage-bills and redundant layers of useless "government" ).

A thousand thanks.

omohayek:
3. Clogged, slow-moving seaports. Again, timeliness is often of the greatest importance in industries where fashions frequently change: nobody is going to wait 6 months for their shoe orders to clear Apapa.
4.

Jesus !!!

I never knew goods took that long at Apapa port.

omohayek:
That has already been happening for quite a few years now, with much of the low-value-added manufacturing that China first went for in the 1980s now migrating to places like Vietnam, the Philippines and even Bangladesh.

And even Ethiopia on a lower scale.

Seems like ww3 will be fought on Twitter.

Cc grandstar , omohayek , blue3k , LordAdams , Ugosample

In Vietnam Nike pays it's workers 117 to 171 dollars per week , this is about 170,820 to 249,660 naira in a month per worker. Why can't they come to Nigeria where they can even pay workers by far cheaper , minimum wage is 18k per month or 30k ( if the new wage bill has been approved ).

If you say power supply , why can't they go to Ghana ?

Openbusiness:
I don't know why some people are thinking a fight with Iran will be a world war. It can never be. For one, Iran is hated in the Middle East, so the major Middle East moneybag players like Saudi, Kuwait, Qatar, Turkey, UAE etc will just ignore Iran and even hope they get destroyed. Second, it won't even be a competition, America is one trillion miles ahead of Iran in every possible way. Can you call a race between a corolla and a Lamborghini a race? No way! 3rdly Russia and China will never confront or escalate tensions with America because of Iran. Iran is of no real value to both, their ties don't go beyond selling them weapons, and both China and Russia secretly side America and don't want a Nuclear Iran. China just ended its trade war with the US, they were quick to adjust to agree to Trump's demands and signed a huge trade deals. Do you think they want anything to break that connect? Russia under Putin likes Trump's America, in fact Putin spoke against Trump's impeachment and Russia has been trying hard to mend fences with the US since Trump became President. Why would they risk all that progress because of one terrorist country like Iran, Lol . It will be another 3 days war that toppled Saddam Hussein and had him crawling in the gutter like a sewer rat within 2 days. Those Ayatollahs in Iran are high on Fulani burukutu

Naaah u don't deserve a bottle of beer , u deserve a crate of beer with asun meat.

Openbusiness:
I don't know why some people are thinking a fight with Iran will be a world war. It can never be. For one, Iran is hated in the Middle East, so the major Middle East moneybag players like Saudi, Kuwait, Qatar, Turkey, UAE etc will just ignore Iran and even hope they get destroyed. Second, it won't even be a competition, America is one trillion miles ahead of Iran in every possible way. Can you call a race between a corolla and a Lamborghini a race? No way! 3rdly Russia and China will never confront or escalate tensions with America because of Iran. Iran is of no real value to both, their ties don't go beyond selling them weapons, and both China and Russia secretly side America and don't want a Nuclear Iran. China just ended its trade war with the US, they were quick to adjust to agree to Trump's demands and signed a huge trade deals. Do you think they want anything to break that connect? Russia under Putin likes Trump's America, in fact Putin spoke against Trump's impeachment and Russia has been trying hard to mend fences with the US since Trump became President. Why would they risk all that progress because of one terrorist country like Iran, Lol . It will be another 3 days war that toppled Saddam Hussein and had him crawling in the gutter like a sewer rat within 2 days. Those Ayatollahs in Iran are high on Fulani burukutu

U deserve a bottle of beer for this post.

Anybody who says a fight with Iran would lead to ww3 doesn't know much about history or international affairs.

SimplePlan34:
I don't know why such topics are on front page. No country on earth is a match to the USA in an open war even Russia. U are talking about a country with a navy bigger than the next 5 biggest navy nations, the country with d biggest Airforce. A country who spends over a billion dollars every 24hrs on its military since 9/11. Trump would have full veto powers in a time of war dats what he wants Iran is only using demslves as d scape goats.

Dem just dey give Iran unnecessary hype.

Cc grandstar

Area4Area:
Didn't you know the notes and coins would still be printed in France and the currency would still be hooked to the Euro through France? Why can't France allow the currency to be printed in West Africa and the value to be determined by the participating countries?

Post a link for the above

grandstar:
What a country like Nigeria needs most is fast economic growth of at least 7% yearly. It was barely 2.5% last year. Infrastructural projects with lousy growth rates is Akin to building a 15 bedroom mansion in a very poor village. It will bring you prestige but never money. When you desperately need money, no one will give you a good price for it.

Fast economic growth is what is needed. Everyone suffers when growth is very poor. It is fast economic growth that can lift tens of millions out of poverty. It is fast growth that can create jobs for the teeming number of unemployed and underemployed in the country.

Riding a jeep and having zero in your wallet no be am. Better to have your bank account full of money than to have a jeep.

From 2000 to 2014 Nigeria had an average yearly growth rate of 7 percent and yet poverty was still exploding.

grandstar:
The North has become the poverty capital of the world. 80% of the poorest Nigerians are from the North.

Before buhari the North was always on its way to being poverty capital.

Poverty there has been roaring even since the time of Obasanjo.

Area4Area:
Have you asked yourself this very simple question, why is it that countries in ECOWAS that use the CFA are not better off than those who don't use?

Countries using the cfa have low inflation rates and interest rates.Other West African countries like Nigeria always have roaring double digits inflation.

Area4Area:
Aside Togo, no other country in ECOWAS met all the conditions and convergence criteria.
Nigeria won't join any longer because if Nigeria does now, France would be determining our fiscal policies.

Didn't u read that France is no longer part of the board of central bank of West African countries ?

Blue3k , but why does France still want to support the eco peg to the euro. What do they have to gain ?

Kaycee7:
Harley Quinn

The Harley Quinn show is one of the most entertaining shows I've seen this year, even with the unabashed third wave feminism. With its satirical take on Gotham's underworld and stellar voice performances from Kaley Cuoco (Harley), Lake Bell (Poison Ivy) and Alan Tudyk (Joker), it's one of the most fun shows to debut this year. The episodes aired so far have been hitting the mark and I hope the showrunners never veer off target.

Penny from big bang as Harley

Blue3k:
I noticed but it's an echo chamber of peoplere enforcing their paranoia. Cape verde has their own currency that's pegged to Euro. I think you're thinking of some other country hypnotised by the evil french.

Sorry I meant Equitorial guinea ( Spanish )and guinea bissau ( Portuguese )

@ bolded