The process of the devaluation of the Naira is already ongoing as the real sectors are already experiencing the impact of a weaker Naira.

Tactically, the Naira is already devalued, 90% of businesses are getting their dollar at a rate far higher than the official CBN rate. Even the banks are exchanging at over N350 to a dollar. Cost of goods and services are already on the rise and yet the masses are yet to be adequately informed of the eminent challenges that is about to come upon Nigeria.

It is time to protect ourselves from losing more than 50% of the worth of our savings. Inflation is steadily climbing as more and more businesses are factoring the fast changing currency regime to the cost of their goods and services.

See an excerpt of what a Brazilian experienced during their currency devaluation:

Major market for U.S. Dollars and the British Pound. Anyone would take them and it was a gray or black market.
When you were paid you immediately spent the paycheck. Banks paid an interest rate but it wasn’t enough to keep up with the real inflation.
They put heavy tariffs on any imports to protect their economy.

So while you could buy a pair of tennis shoes in the U.S. for $75, that same pair in Brazil could be upwards of $200 or $250. These tariffs applied to everything from cars, tires, auto parts, blue jeans, computers, toys, cameras, liquor, shoes, backpacks, vacuum cleaners, TV’s, washer and dryers, refrigerators, etc. If it wasn’t made in Brazil it was very expensive.

This hyperinflation created a lot of unemployment. This created a situation where kids were literally dumped on the street as young as the age of 5 and joined gangs. This is what created the major gang problems in Brazil which continue to this day.
Crime increased significantly including kidnappings for ransom.

Local food was still affordable but was expensive.

Simple things like gas prices were expensive. Plus they used a lot of locally produced alcohol in the gas and it was sometimes difficult to get the car started or they would stall.

The only thing that didn’t seem to get cut was the military. So while they had homeless kids everywhere the military kept on spending.

I can bet my last naira that the only manner of preservation of capital value in a devaluation is commodities and real estate, and the very best commodity with the highest return will be physical possession of gold and silver.

Once the devaluation becomes official, a lot of real assets like lands, buildings, gold and silver will be re-evaluated and values will be astronomically high. Your savings in a bank will never be re-evaluated.

When the final throws of the collapse are upon us, people will be crying….”God help us”, but that’s why god gave us brains…..to help ourselves! Those of us who are stacking silver and gold are using those god given brains. Many more, 100 fold at least, will be frenzy buying later in the game and that’s when we will see triple digit silver.