ElCount:
I ve been asking the question "what will China be getting in return?"
Zombies hv failed to give an answer to this question, China is not running a charity organization

Exactly! We need details of this deal before we end up in a situation where we start looking for debt relief

After all, the Western world has been scamming us a long time ago. There's nothing bad in trying something new.

ticker:



https://mobile.facebook.com/story.php?story_fbid=1052689368126246&substory_index=0&id=378378918890631&refid=7&_ft_=qid.6273342050025209960%3Amf_story_key.9015994599598537311&__tn__=%2As

Ediot, you don't understand anything at all. How many made in US product do you see in Nigeria? And you expect the Chinese to do international trade with Nigeria with US dollars. What Chinese are simply doing is push away the US dollars and British Pound from their International Market which is a very good move because US and Europe are the problem in this world. Period!

OP
No offence, but this topic is far far above your understanding.

You should stick to topics you are well versed in and finance is not one of them.

Oma307:
U are on point but we have to look at the positive side also

my guy is there any positives here,we are selling our country to china that's wat this mean,pls take a look at Zimbabwe and Angola.then u will understand

Nigeria has been scammed
APC is a shame!

Oma307:
U are on point but we have to look at the positive side also

What positive point? will u trade away ur children's future for infinix fone.

Stelvin101:


Ediot, you don't understand anything at all. How many made in US product do you see in Nigeria? And you expect the Chinese to do international trade with Nigeria with US dollars. What Chinese are simply doing is push away the US dollars and British Pound from their International Market. Period!

my brother u really need to be enlightened.

watch the number of millionaires in the east skyrocket, you have to be in the "buying and selling" caucus to understand how good of a deal this is(for commerce). critics would always do their job of criticizing. but we have to find the best deal to move away from the mess we are right now.

AZeD1:
OP
No offence, but this topic is far far above your understanding.

You should stick to topics you are well versed in and finance is not one of them.

3 crate of Orijin for you my guy.

Reading your comment inside Nigerian presidential plane in china, ok kontinu

portside:
Tell them ohhh, am very happy on this enlightenment with this I can boldly argue my points with some PMB loyalist who has been blinded by shame now but doesn't want to believe that PMB foreign trips are futile.

So many useful points raised,it's a shame our leaders are not forward thinking. Just like the biblical Esau, they just want a plate of porridge for the hunger.

SamuelAnyawu:
We Igbos are okay with Buhari on this positive move

'we igbos' which school did you attend, that statement is highly fallacious.. reason before you comment bro... no offence picked!!

Nigeria is already scam.

jumas:
1.As President Buhari and CBN Governor, Emefiele moved closer to actualizing their promise to strengthen the naira against the US dollars
2.By signing a landmark currency deal with the Industrial and Commercial Bank of China Ltd on Tuesday in Beijing, China.
3. The agreement will allow Nigerian who imports mainly from China conclude their transactions in the Chinese currency instead of the dollar
4. The new agreement would see Nigeria-China trades, which accounts for over 70 percent of imports into Nigeria, concluded in the Yuan.
5. Until now over 90% of int'l trades between Nigeria & the world is done in dollars, & in the process putting so much pressure on the naira
6. Nigeria imports almost all it needs from the West, Middle East and Asia.
7. The CBN is expected to diversify a huge chunk of Nigeria’s foreign reserve from the dollars to the Yuan to perfect the agreement.
8. “It means that the renminbi (Yuan) is free to flow among diff banks in Nigeria, & the renminbi has been included in the FXR of Nigeria,”
9. FXR means foreign exchange reserves
10. Lin Songtian, director general of the African affairs department of China’s foreign ministry, told reporters in Beijing ...
11. .. a few minutes after the agreement was signed between the Governors of the nations’ reserve banks..
12. in the presence of President Buhari & President Xi Jingping of China, who is hosting Buhari and top Nigerian officials to a state visit.
13. Lin said a framework on currency swaps has been agreed with Nigeria, making it easier to settle trade deals in Yuan.
14. China has signed currency swap deals with countries ranging from Kazakhstan to Argentina as it promotes wider use of its Yuan.
15. Nigeria would become the clearinghouse for Yuan denominated transactions for the whole of Africa following the agreement.
16. Beijing also signed agreements to develop infrastructure in Nigeria, part of a drive to deepen its ties with Africa.
17. It has offered Nigeria a loan worth $6 billion to fund infrastructure projects.
18. Also, ICBC signed a $2 billion loan deal with Dangote group, to fund two cement plants it plans to build, Lin told Reuters.
19. China’s official Xinhua news agency cited President Xi as telling Buhari that there was huge potential for economic cooperation, naming
20. Naming oil, refining and mining..
21. Nigeria is also considering issuing Panda bonds (mainly Yuan denominated) as against euro bonds because they are cheaper.

...so, nothing for the local manufacturers? What about the exporters? Please how do we grow our economy with everything you've listed above?

At the end of the we shall be forced to accept Yuan as our legal tender. Maybe China are trying to....

hmmm

I have no hope in PMB's government.
But this article is crap and reeks of zilch in knowledge.

gbens2000:
my brother u really need to be enlightened.

I will ask you one simple question. If you go to the local market, supermarket, plazas and shops to buy anything, I mean just anything you can think of. How many made in US or Made in China do you see in this country? If you can answer this question correctly then you are being wicked but if you failed it then you need to see a doctor for Human-to-Animal Brain Transplant.

Kai Gaskiya Wahali, Dullard I don kill am for Nijeria.

God help this nation

NwaNimo1:
China plans to colonize Nigeria via the Yuan.....China is the new IMF

Tomorrow we'll be begging for debt relief.

lol, hahahah atleast w would become the Yuan bureau de change of africa

its a good deal, china is looking for countries to push their investments

they crashed the steel industries in UK now UK is selling their steel industries to the Indians

any country not in bed with China at the moment is probably not marketable for them.

it is real, one zombie won yesterday but I'm a wailer so, I am not interested.

The issue is Nigerians aren't educated enough about things like these. It sounds alien to most people. Every country doing business with another isn't only tryna protect hers but also ensuring they win with their head higher.

If your country men aren't smart enough that you will be scammed corporately.

Chinese are smarter than the jews these days. The Chinese prints their fake Yuan and searches for countries for so called trade deals, and signs agreements to change Yuan to dollars. From fake manipulated money to dollars.

Chinese give loan, but only chinese company must be awarded contract for the construction, and you must buy from only china. But if America gives u loan, you can buy from any country and you can open the bid for any country's company to bid.

ticker:



https://mobile.facebook.com/story.php?story_fbid=1052689368126246&substory_index=0&id=378378918890631&refid=7&_ft_=qid.6273342050025209960%3Amf_story_key.9015994599598537311&__tn__=%2As

What type of less informed, badly composed propaganda is this ? And this made it to the front page ? This is sad news for those that put this thing up to try to market the idea of borrowing from the Fiat regime or the dieing anglozionist empire.
Now let me explain how the fiat regime from the anglozionist empire works.

Read full article bellow.
China AIIB is far better than the fiat regime that borrows and does not pay back. China helps with infrastructure and also gives know how out while the empire preffers to give aid to its puppets to continue the puppet regime while sucking the resources dry. China also take resources bu they give back in terms of development.

250,000 capitalists read the Financial Times, and it has been our undertaking to chronicle our understanding of capitalism via our book The Philosophy of Capitalism. A team has answered the question ‘What is The Nature of the Monetary System?’ The Monetary system has three layers – the core is Religion and the unconscious mind – as they formed first. The outer layer is operational and intersects with geopolitics, it explains:
Why we need to beat Russia
We may see Syria as a testing ground for Imperial Power. Russia has tested our influence and shown the World it’s wanting, so it’s crucial to appreciate why and of what consequence.



Our Imperial weapons give definite form to our Empire. And nothing has shaped our Empire more than the FIAT. The deformation began in 1971, when the US imposed her Power to re-define the rules of the monetary system for her sole benefit. The ability to print IOU’s in exchange for real value is more clever than theft as we borrow and do not pay back in kind due to inflation. Our enemies, adversaries and vassals must found their financial systems upon the printed dollar which they must purchase with hard earned money. That seizure has financed a vast network of military bases, bribery, assassinations, coup d´états and perpetual war.
What’s not to like? All that Power without taxing the produce of the American people. So why have we lost in Syria?

Let’s begin by appreciating that the global “FIAT system” is responsible for our moral crisis and departure from virtue. As we embrace further the gods of greed – listen to the masses cheer for Clinton and Trump – we must recall that virtue is knowledge of what is good. We are getting weak because we have forgotten what is good for us.
The root of this evil is our love of easy money, or FIAT money, defined by those with power as “wealth by decree” which places an arbitrary value upon “wealth issued by men” such that buying power has no natural governor, as it did when gold was freely traded along currencies in truly free markets. But whom, may we ask, has the power to decree wealth? And with such great power to do so, who can be trusted with such great responsibility?
No one. That is who.
But nonetheless, governments and monarchies throughout the ages have been entrusted to issue wealth by decree. All have failed, because power corrupts, and absolute power corrupts absolutely.

So in every FIAT timeline we see the more powerful become wealthier and the wealthy become more powerful, because it is they who control the issuance and distribution of wealth. Inequality of Wealth, therefore, always reaches its peak at the end of the FIAT timeline. As social position offers more favours than purpose and production. What has happened is what always happens – you have a system politicized to such an extent that political access – and not profits from innovative new solutions – Become the core of the incentive structure.

Notice how productivity declined after Bretton Woods and later when Bretton Woods was abandoned. One of the problems of easy money, not the only one mind you, is the financialization of the economy. Financialization drains key human capital and generates malinvestment. Nuclear engineers are doing MBA’s so that they can work as investment bankers! Trillions of dollars have been invested in real estate developments that provide no productivity gains. Easy money kept fracking companies alive –producing an endless glut of gas that had nowhere to go but heat tar sands in Canada – what waste!
This is the real economic evil of our current monetary system – malinvestment – with two insidious effects:
A halt in fundamental scientific breakthroughs and
The West, apart from Germany and Norway, has run at a loss for decades
If the common man had a say in all this, he would declare his modest holdings to be the pinnacle of wealth, by his decree. He will offer you his apartment for your mansion, his hot dog for your lobster, his bike for your car and so forth. If this sounds ridiculous, then think how absurd it is to offer stacks of paper for these same items, which (based upon the numbers and signatures printed upon them) you would gladly accept, by decree.

We know that paper is just as intrinsically worthless as the electronic digits they represent in a bank account. The issue here is who holds the power of decree. The little people never will. The monied men hold this power – like a parasite feeding upon any who deign to offer value at the marketplace.

And that is the cut of the second edge my friends. That is the death blow. The Fiat produced a parasite – the financial sector – that in its greed is killing the real economy. So when we read about absence of opportunity with such empathy, know that the parasite suffers too, as the problem of debt reaches higher toward senior capital.
When we see debt piled on debt just to prolong the dying system, take note that a few monied men enjoy the fruits of this easy money for a time before defaulting … and with no collateral to make lenders whole, many walk away with nothing more than an impaired credit rating – into a waiting system where debt is harshly devalued.

Monsanto can darken the sunflower harvest in the Ukraine, and Allianz can steal a few tranquil Greek islands, but the ambience is never quite the same as when hard working people had their just rewards, and goodness and charity and kind souls rejoiced – with compassion and cooperation – while loving the narrative of a life written while desiring only the product of their work.

The world this Global Reserve Fiat creates is one of misery and strife where evil and greed feeds upon the spirit, and the world becomes an immoral wasteland of modernity. The worker is discriminated against as all pressure and stress is heaped upon his future, as the law discriminates between debts held as an asset vs. debt held as a liability.

You see, reader, while we all hold “deposits” at banks, which is an euphemism for bank debt, only the lending class (and I use this term in the broadest sense) get to hold debt on their balance sheets as a wealth asset, whereas the little people hold debt as an obligatory liability. If there is a default, all the better as the law allows them to seize the “secured” assets as collateral. Is there a flaw in my thinking? Let us see…

You may say that banks are able to hold debt as an asset because they have the capital to cover that debt – to which I would say, “Really ??!!” As we understand the nature of debt in this modern era of aging debt, and the derivatives that attempt to hedge those obligations, this is simply not the case, as the lessons of Enron, AIG, Lehman, MF Global – ad nauseam – clearly prove. The empire of debt is hallmarked by misery for the masses though this is no accident, for a system cannot discriminate in and of itself. Financial laws are written by and for the hidden agenda of monied men, how can we conclude otherwise? A few of which see war or systemic crisis as an opportunity to rewrite the social contract e.g. the tax payer takes over bank debt, see Ireland, Britain and soon Australia and the Eurozone.

Look at the workers as they make their way home on the subway, standing tightly together, neither wanting nor caring to utter a word to one another, their grey features melted by the stress of their “wealth as debt”. Their one shot at consciousness ground away while vampire and zombie stories speak to their existence. Look at the once prosperous cities around you, like Detroit, or Camden, crumbling into 3rd world ghettos. Not exactly a world that the 1% wants to live in, but one they deserve – one of their making.

They can insulate themselves in the Hamptons for only so long until the sirens sound. It has always been this way, and it will always be this way, until man changes his nature by recognizing what is good for him.

Now, the East – China / Russia / India – challenge the Global Reserve Fiat. And when the dollar fails, and it will: For debt is the essence of fiat, and when it defaults, the system defaults with it.
Fiat Debt is unstable for two reasons:
Because no natural ecosystem is able to sustain unlimited, continuous exponential growth – as all 100% fiat (debt-based) valuation systems require. More debt is required to repay existing debt plus interest. The basic operational problem: you can inflate a system easily by issuing new “secured” debt against collateral and thereby increasing collateral value (think about mortgages as buying power to buy houses, pushing house prices up, collateral looks fine even if debtors cannot pay interest or principal – as long they can easily refinance or banks can sell recovered properties in a real estate market spiked by easy credit and demographics (like in the US from 2001-2005, or London and Sidney now). Easy credit can paper over affordability and to some extent demographics. Now this definitely does not work in reverse; you cannot even stop because once credit stops flowing, prices start to tatter; and in the latter stages even an decrease in the rate of increase might be enough to crash the system.
Because it is entered into and created so lightly, and it is based on the assumption of a fixed future performance by an entity or individual. And when the 98% – their future burdened by intolerable debt, unemployment and declining wages – decide to walk away? The fear of that decision has been driving interest rates down for decades, to make it bearable not for the good of mankind but to prolong the system. This brings into relief an internal contradiction: wages decline in sync with interest rates because the bargaining power of workers evaporates as Central Bankers reduce the cost of capital, contributing to the substitution of labour and labour wages by that of the machines and AI software. Until the workers walk away from more debt for less income, we watch this balancing act between debt pretending to be wealth, and wealth being treated as a “bad investment”. All performed for the benefit of gradually changing our definitions, as we evolve into a new equilibrium determined by the East – Their collective gold reserves will be large enough to re-price the currencies and free the markets.
As we look at the precarious nature of our faith-based money, we must acknowledge the moral implications of “dishonest money”. Seizure by decree, whether judged just by Constituted Power, is immoral. But the fact that dishonest money is so easy to create, control and redistribute helps one understand the wave of immorality that has swept over our world.

Paying tribute with labor and exchange rates is not enough for the empire of debt. Rather, its vassals must accept and embrace the ideology of the empire as well – “Wealth as Debt” and Globalism. It’s their separation in language which causes the confusion – Globalism and Absolutism – for they are one and the same thing.
When Russia and China stockpile honest money, they attack our most potent weapon and father of our decline. Our Imperial weapon will die by both edges of its own
sword, one being the contempt with which it is so easily created to bend the will of the world to its bidding, and the other sharp edge which the wicked are blind to recognize: The evil that sound money prohibits.

Will Russia and China attack the fiat dollar using overt enemy action? Possible, but not probable: as they can simply undermine “confidence” in the FIAT and wait upon the 2% to bury the blade. The Dynasties of Wealth - Have you ever wondered how we hedge our holdings through turmoil?The top 85 patricians of which own more wealth than the bottom 3.5 billion humans – will move first. The 1%, then 2% and whoever else left standing will be forced to follow through.

Only Gold has the history, depth, unique qualities, loyalty of the elite and transitional power to challenge any man, any nation, any system on earth, past, present and future. The Dynasties understand this, because they have both witnessed and authored this axiom across generations of asset accumulation.

When they vote, they vote with their ability to make markets, and then reap the profit from the market they make, offering favor to those who protect their interests. They easily control men through greed and are beholden to Gold alone. Gold transitions their wealth recycling system through change.
As the sand peters past the last curve of the hour glass the Dynastic hand is clear to see. So the Neo-cons need to beat Russia, and soon, as only Globalism can keep the markets enchained.

- See more at: http://nigeriaproperty-real..com/2016/03/why-we-need-to-beat-russia.html#sthash.I834hqnF.dpuf

portside:
Tell them ohhh, am very happy on this enlightenment with this I can boldly argue my points with some PMB loyalist who has been blinded by shame now but doesn't want to believe that PMB foreign trips are futile.

Do you now think it d trips are futile...wont u be affected....lets try and be optimistic

BiafranNigerian:
Chinese are smarter than the jews these days. The Chinese prints their fake Yuan and searches for countries for so called trade deals, and signs agreements to change Yuan to dollars. From fake manipulated money to dollars.

Chinese give loan, but only chinese company must be awarded contract for the construction, and you must buy from only china. But if America gives u loan, you can buy from any country and you can open the bid for any country's company to bid.

Till now, I can not see the logic in what you are saying. Dealing with the Chinese government means more infrastructure for us,using there professional Construction companies.

Dealing with the US means lack of infrastructural development like we have had for ages.

Please how is lacking infrastructure a better deal.

balash:
Buhari and all those governors and reps that represented Nigerians including fashola and amaechi are illetrates and not smart enough to look at the future issues this loans and contracts would bring forth?

This people are old enough to be your father, inshort they can give birth to you, and u beleive they are so daft huh? You youths of nowadays that can't even be class captains in your primary or secondary school just love to beleive you are smarter than everyone else??


Keep your wailing on!! Who wail epp

At the bolded, we know who the illiterate is.