posted
Are we just supposed to write about the oil in Biafra and how the Nigerians are stealing it, or what?
Posts: 113 | From: USA | Registered: Aug 2001
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posted
Regina, I think we can discuss our economy still !! How Emeka Offor looted and spoil Anambra treasury,during Mbadinuju days .
How Chris Uba the Dogfather is holding Ndi Anambra and her economy to a strangulation choke.
Why can,t we talk of economy that Olisiego Obusonjo shared and ravaged to the very bottom. The Economy that is the private property of PDP and her surrogates.
Yes Economy that is crippled and decayed,That is on flimsy string that will snap any moment.
I will be back
Umuibe
___________________ Biafra is not part of nIGERIA but a nation on the making. Posts: 66 | From: BIAFRA | Registered: May 2003
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posted
Regina, I think we can discuss our economy still !! How Emeka Offor looted and spoil Anambra treasury,during Mbadinuju days .
How Chris Uba the Dogfather is holding Ndi Anambra and her economy to a strangulation choke.
Why can,t we talk of economy that Olisiego Obusonjo shared and ravaged to the very bottom. The Economy that is the private property of PDP and her surrogates.
Yes Economy that is crippled and decayed,That is on flimsy string that will snap any moment.
I will be back
Umuibe
___________________ Biafra is not part of nIGERIA but a nation on the making. Posts: 66 | From: BIAFRA | Registered: May 2003
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posted
Peace ! Come on Africa; we are the best in the world! Let sanity and common sense prevail over us always. Africa is so rich with natural resources that we allow other nations to exploit those resources and become rich themselves leaving the poverty to Africa. Poor,poor Africa! Those same resources can, instead, become money for Africa's use if we so decide. How?
By gradually weaning away from a floating currency and adopting a precious-metal backed currency (PMC) as a single African currency. This floating currency oftentimes devalue itself to the harm of a domestic economy. Look now at Zimbabwe, for example. Africa can do better.
A precious metal backed currency(PMC) would have to be revalued more often than devalued, thus contributing to a much stronger economy. Precious metals such as silver, gold and platinum,of which Africa is abundantly blessed with, should be minted as content for a currency because of the permanent value of the mineral. Common sense,right? This currency would offer a flexibility for market trading based on production quantity and market demand. Therefore, it is conceivable an African mint could operate fulltime manufacturing money and only Africa would decide when enough has been produced. Now, when a precious-metal currency exist, the U.S. dollar, the euro,the franc, and all the other currencies, not backed with a precious metal, are rendered inferior and have to suck-up. These currencies would be obligated to adjust their value in relation to the value of the PMC. How fast would the fortunes of Africa rise if this new currency became real with an unlimited production? The mineral commodities should definitely become the "second oil patch" for Africa and prevent Africa from becoming a consumer nation full of foreign products. Africa PMC become an export of significance. Use of the floating currency is a cause of Africa riches floating away and a carefully devised scheme of mineral-poor nations to become wealthy at the expense of Africa. A floating currency will perpetually keep Africa in poverty until Africa use a genuine,authenic money(currency) and lift themselves out of this bad situation. This must not be delayed another 5,10 or 15 years. This new currency can be phased in right now alongside the existing money,over a 3 to 5 year adaptability period. By the way, this same money could pay off all the IMF & World Bank aid loans and never need take that path again. Perhaps, they'd have to close shop since they could no longer bleed African countries dry with high servise charges and interest. Africa maybe able to make loans to them with PMC. Corrupt officials with a different agenda are the likely opposition to PMC. They'd much like to keep things as they are rather than advancing a whole people. However, this is an African national security issue and the will of the people must prevail, even to the point of cutlass-intervention!
It's your money Africa, now do you want it or do you want to continue giving it away for others to become rich while you hold the begging bowl? Do it soon or I shall continue to taunt you!!!
Larry L. Edwards sovereign national
Posts: 12 | Registered: May 2005
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posted
Peace ! Come on Africa; we are the best in the world! Let sanity and common sense prevail over us always. Africa is so rich with natural resources that we allow other nations to exploit those resources and become rich themselves leaving the poverty to Africa. Poor,poor Africa! Those same resources can, instead, become money for Africa's use if we so decide. How?
By gradually weaning away from a floating currency and adopting a precious-metal backed currency (PMC) as a single African currency. This floating currency oftentimes devalue itself to the harm of a domestic economy. Look now at Zimbabwe, for example. Africa can do better.
A precious metal backed currency(PMC) would have to be revalued more often than devalued, thus contributing to a much stronger economy. Precious metals such as silver, gold and platinum,of which Africa is abundantly blessed with, should be minted as content for a currency because of the permanent value of the mineral. Common sense,right? This currency would offer a flexibility for market trading based on production quantity and market demand. Therefore, it is conceivable an African mint could operate fulltime manufacturing money and only Africa would decide when enough has been produced. Now, when a precious-metal currency exist, the U.S. dollar, the euro,the franc, and all the other currencies, not backed with a precious metal, are rendered inferior and have to suck-up. These currencies would be obligated to adjust their value in relation to the value of the PMC. How fast would the fortunes of Africa rise if this new currency became real with an unlimited production? The mineral commodities should definitely become the "second oil patch" for Africa and prevent Africa from becoming a consumer nation full of foreign products. Africa PMC become an export of significance. Use of the floating currency is a cause of Africa riches floating away and a carefully devised scheme of mineral-poor nations to become wealthy at the expense of Africa. A floating currency will perpetually keep Africa in poverty until Africa use a genuine,authenic money(currency) and lift themselves out of this bad situation. This must not be delayed another 5,10 or 15 years. This new currency can be phased in right now alongside the existing money,over a 3 to 5 year adaptability period. By the way, this same money could pay off all the IMF & World Bank aid loans and never need take that path again. Perhaps, they'd have to close shop since they could no longer bleed African countries dry with high servise charges and interest. Africa maybe able to make loans to them with PMC. Corrupt officials with a different agenda are the likely opposition to PMC. They'd much like to keep things as they are rather than advancing a whole people. However, this is an African national security issue and the will of the people must prevail, even to the point of cutlass-intervention!
It's your money Africa, now do you want it or do you want to continue giving it away for others to become rich while you hold the begging bowl? Do it soon or I shall continue to taunt you!!!
Larry L. Edwards sovereign national
Posts: 12 | Registered: May 2005
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Without regard to your argument about economies being based on precious metals, when will you realize and understand that there are 53 nations in Africa(Biafra makes it 54). The way you group all these distinct nations together into one homogenous term is so markedly elementary that it forces the your readers to disregard anything else you write. Apparently you imagine that all Africans are slobbering with brotherhood for each other when nothing could be further from the truth. How can you purport to teach others when to all appearances you are woefully lacking in the most rudimentary understanding of the geo-political realities on the African continent, and beside this, how can your ideas be implemented by 53 nations at the same time as if they were all in agreement on every political, religious, and economic principle. I understate the matter when I say that your scenario is by far too simple for the actual case on the ground.
___________________ The fault, dear Brutus, is not in our stars, but in ourselves... Posts: 775 | From: Valle del Sol, AZ | Registered: Nov 2004
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posted
Greg- It's as simple as this. Whether, its 1,53, or 54 different countries is irrelevant. The point of my posting was for the necessity of Africans to create a currency of value,a precious metal currency. The global financial market is fragile and is vulnerable to a meltdown. Any precious metal currency will safeguard against inflation. Whenever the economy dip,the currency will make for a safe landing. When the economy improve or recovers,more foreign exchange will become available for the precious metals currency. Now, Greg,if you can find a better money than that - let's hear about it.....
Posts: 12 | Registered: May 2005
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The precious metals market is also vulnerable to unhealthy fluctuations, e.g. cornering the market on say silver, by wealthy individuals or groups, or by flooding the market with the same, causing the value of any currency based on it to either rise sharply in value or go down respectively. The severe change in currency values that would result, could, in a short period of time, cause developing nations to go belly-up, especially since non-metals-based currency would essentially maintain its normal value. What's more, mere individuals would be able to weild this sort of power against nations, making developing ones especially vulnerable, or do I err.
___________________ The fault, dear Brutus, is not in our stars, but in ourselves... Posts: 775 | From: Valle del Sol, AZ | Registered: Nov 2004
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The precious metals market is also vulnerable to unhealthy fluctuations, e.g. cornering the market on say silver, by wealthy individuals or groups, or by flooding the market with the same, causing the value of any currency based on it to either rise sharply in value or go down respectively. The severe change in currency values that would result, could, in a short period of time, cause developing nations to go belly-up, especially since non-metals-based currency would essentially maintain its normal value. What's more, mere individuals would be able to weild this sort of power against nations, making developing ones especially vulnerable, or do I err.
Moreover, nations that do not back their currency by precious metals do so that they may more tightly control its market value, rather than leaving it to the mercy of the international supply or scarcity of a particular metal. The British pound, backed by silver, is the exception only because of the enormous cache of silver Britain purloined from the Spanish in the latter 16th century, thereby making, even today, the value of their pound difficult to manipulate by foreign interests.
___________________ The fault, dear Brutus, is not in our stars, but in ourselves... Posts: 775 | From: Valle del Sol, AZ | Registered: Nov 2004
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posted
Read your posting Greg. I don't think a wealthy person or group would ever attempt to corner the triad market of silver,gold and platinum. You are in error if you think that a precious metal currency is vulnerable to unhealthy fluctuations. Your present currency is the one most vulnerable. The "belly up" logic suggested by you is also an error. A precious metal currency will safeguard against inflation. Whenever the economy dips, the precious metals will make for a cushioned landing. Then, when the economy improve or recovers, more foreign exchange will become available for the precious metal currency. It's as simple as that, Greg.
Posts: 12 | Registered: May 2005
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posted
What about the rich Texan who pretty nearly cornered the market on silver in the eighties, such that the price of silver was affected and the government had to step in. His name escapes me at the moment. I'll be back with his name soon, unless someone helps me out here.
I'm back...
... Back then an enormously wealthy Texan family, the Hunts, tried to corner the silver market (at one point they controlled half the deliverable supply) and the price squeezed higher. In response individuals queued to melt down their family heirlooms. In the event the Hunts failed to establish a monopoly and the price of silver and the Hunt�s fortune collapsed. They later were convicted of market manipulation. This is unlikely to happen again.
I'm not so sure of this last statement, and it's not cornering the market I am concerned with, but flooding it, and as developing nations mint more of their precious-metal natural resources, the value of that metal will go down in response to a greater supply, just like any other commodity. At any rate, this excerpt proves that individuals can manipulate precious metals markets, which was my original point.
___________________ The fault, dear Brutus, is not in our stars, but in ourselves... Posts: 775 | From: Valle del Sol, AZ | Registered: Nov 2004
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posted
Greg, your memory of the event involving the Hunt brothers is accurate. And if I am not mistaken, they made their move after a long period of my calling for the US government to return to the gold standard that was abandoned in 1971. I had published several articles outlining the advantages vs disadvantages. Soon after, much controversy ensued pertaining to the subject prompting the Hunts to move on the silver market. It was decided the US did not possess sufficient domestic precious metals to actually become the leading player in the precious metal currency market. Now, with that statement in hand, it only reinforced my position that Africans MUST adopt such a currency to defeat the perils of inflation. The manipulation of a market can be prevented by government, especially when a national currency is at stake. Greg, have you ever seen any old minted coins? If you have, they were likely minted of a precious metal. That is the ONLY authentic money. Again, if you can find a better money to use, please do advise me.
Posts: 12 | Registered: May 2005
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posted
Greg, your memory of the event involving the Hunt brothers is accurate. And if I am not mistaken, they made their move after a long period of my calling for the US government to return to the gold standard that was abandoned in 1971. I had published several articles outlining the advantages vs disadvantages. Soon after, much controversy ensued pertaining to the subject prompting the Hunts to move on the silver market. It was decided the US did not possess sufficient domestic precious metals to actually become the leading player in the precious metal currency market. Now, with that statement in hand, it only reinforced my position that Africans MUST adopt such a currency to defeat the perils of inflation. The manipulation of a market can be prevented by government, especially when a national currency is at stake. Greg, have you ever seen any old minted coins? If you have, they were likely minted of a precious metal. That is the ONLY authentic money. Again, if you can find a better money to use, please do advise me.
Posts: 12 | Registered: May 2005
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sorry to involve in your interesting discussion and please excuse me for my bad english.
Off course, Economy is a question off money, but just in second place. I think that it starts with a believe, a faith that Africa has the strength to stand alone. What you need is a group of devoted people who have that believe and who a willing to make Africa great. And i think you can find those people all over the world exept in Africa.
Yes , its true, during the slavery, they took you away from your homes and your family, deporting you to a country, treating you like animals. but look at you now, so many years later, you climbed up the ladder, learned in all kind of branches of the economy, and that process showed that you are a nation of great strength. Now its time to think back were you came from! What do you have? You have millions of people, intelligent people spread all over the world in all kind off businesses, infiltraded in the so called rich countries. If a group of them can get together behind the same idea, helping Africa, rebuilding Africa it can be done. Not the money is important, its the believe thats important. You need good managers to build companies who make products for the world.The buyers are all over the world.You have the network, its just waiting to be used.
I dont know if i make any sense, but its wrong i think ,to look at africa and see that they first steal the people and now are stealing the wealth off Africa...and just do nothing. You climbed up the ladder for a purpose!
Posts: 1 | From: Belgium | Registered: Nov 2005
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