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Nairaland Forum / Nairaland / General / Business / Dollar's Value Is Falling Fast (965 Views)
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Dollar's Value Is Falling Fast by stranger12: 1:12am On Dec 21, 2006 |
As a country, what will happen to our 40billion dollars in foreign revenue in the event of a collapse in US economy. It happened in the 80's and we suffered for it? Do we need that much savings even though we have a very liquid cash (black gold)? Who gains from our savings? We or the country were they are saved? a rich man is not rich if he has no assets even though he has 3 million in his bank account. We need to start building assets today We need world class Universities Good electricity network Road Network Research Institutes funded by the government Mechanized farming . . . these are assets not some dummy figures to keep the developed world further away from the brink of collapse. |
Re: Dollar's Value Is Falling Fast by forgiven(m): 2:12am On Dec 21, 2006 |
Pls tell them, maybe they will listen to u. I mean the govt and the pple in charge of our foreign reserves |
Re: Dollar's Value Is Falling Fast by jammin(m): 3:42am On Dec 21, 2006 |
if you have'nt got a NIR you cannot sustain trade. so where are you gonna get the materials to build the wonderful things you just listed ![]() |
Re: Dollar's Value Is Falling Fast by stranger12: 10:47am On Dec 21, 2006 |
jammin: Here in Africa, we have raw materials and buy finished products. Cant we start building industries to produce the finished products? |
Re: Dollar's Value Is Falling Fast by stranger12: 10:50am On Dec 21, 2006 |
Dont you get it? Crude Oil is NIR The whole world wants crude oil and we cant turn that into an advantage? we cant even dictate trade? |
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