Hmmmm
Maybe it’s time for Nigeria to demand Naira for our own oil and gas.
We don’t use Euros and Dollars in Nigeria, we use Naira

Lol some people will not like this...

Sapentia and his crew of capitalist pigs wouldn't want to see this o

Ruble non stop

Hashabiah:
Sapentia and his crew of capitalist pigs wouldn't want to see this o

they’re probably digging for another dead Russian top military personnel news . Most of my news today comes from their favorite Skynews.

Teazer4:
they’re probably digging for another dead Russian top military personnel news . Most of my news today comes from their favorite Skynews.

You sabi them wella

When it gets to 1 dollar = 1 ruble,many people on this forum will commit suicide

At this rate, it might turn to 1 USD = 1 RUB soon.

Hashabiah:
You sabi them wella

very well bro

alcuin:
At this rate, it might turn to 1 USD = 1 RUB soon.

It is now 57 to a dollar

Something is not adding up here!
Currencies don't perform this fast!

baralatie:
Something is not adding up here!
Currencies don't perform this fast!

Let's every country drop dollar and sell their oil in their currency, then you'll see miracle

tamdun:

Let's every country drop dollar and sell their oil in their currency, then you'll see miracle

No you will not see miracle .
You will see economic concussion.
Every economic growth has a source
And if that growth is not reflected in one form or another it brings a lot of things
The Russian roubles is on pause with the us dollar due to the blockade
So it is expected that Russia would seek other forms of monetary independency which they have floated.
So it is not going to be realistic to " link it with the dollar it does not have an association with"

Biodun556:


It is now 57 to a dollar

It's now 56 to a dollar

seunny4lif:
Hmmmm
Maybe it’s time for Nigeria to demand Naira for our own oil and gas.
We don’t use Euros and Dollars in Nigeria, we use Naira

Only if you can pay the price.
Look at Libya, Syria and Iraq. These are countries that challenged dollar unprepared.

Once you show signs, USA will come for you like they are doing to Paul Kagame of Rwanda today.

BKayy:

Only if you can pay the price.
Look at Libya, Syria and Iraq. These are countries that challenged dollar unprepared.

Once you show signs, USA will come for you like they are doing to Paul Kagame of Rwanda today.

It will take united Africa for that to happen

Instead of our CBN governor to do something about strengthening our naira he's there talking about scabbing our naira notes. Who even do me this thing by bringing me into this Godforsaken country?

seunny4lif:

It will take united Africa for that to happen

No. A really stubborn nation like North Korea or Afghanistan.
It will depend on the people not the leader.

From the past victims of USA, we have noticed that USA target the gullibility of the masses. It worked in Libya, Syria, Iraq, Venezuela but failed in Cuba, North Korea, China and currently failing in Russia.

If you have noticed the western media report Russia special operation in Ukraine as "Putin's" invasion, thus making it look like Putin is personally working against the interest of the collective masses. Such attack worked in Libya (Gaddafi brought the big gun), Iraq (Saddam Hussein the maniac) and Syria (Bashir Al ssad the butcher), Rwanda is receiving their own dose of (Kagame the dictator) after he attacked dollar.

It is all about the people

Yes
They called it Putin military but will said USA or British military when USA and her allies invaded Libya, Iraq etc

British even went to war over an island that is closer
to Argentina than the UK yet they are crying over Russia borders.

We as Africans need the spirit and the willing of the Russia to unite against anyone

BKayy:

No. A really stubborn nation like North Korea or Afghanistan.
It will depend on the people not the leader.

From the past victims of USA, we have noticed that USA target the gullibility of the masses. It worked in Libya, Syria, Iraq, Venezuela but failed in Cuba, North Korea, China and currently failing in Russia.

If you have noticed the western media report Russia special operation in Ukraine as "Putin's" invasion, thus making it look like Putin is personally working against the interest of the collective masses. Such attack worked in Libya (Gaddafi brought the big gun), Iraq (Saddam Hussein the maniac) and Syria (Bashir Al ssad the butcher), Rwanda is receiving their own dose of (Kagame the dictator) after he attacked dollar.

It is all about the people

baralatie:

No you will not see miracle .
You will see economic concussion.
Every economic growth has a source
And if that growth is not reflected in one form or another it brings a lot of things
The Russian roubles is on pause with the us dollar due to the blockade
So it is expected that Russia would seek other forms of monetary independency which they have floated.
So it is not going to be realistic to " link it with the dollar it does not have an association with"

When you are a producing NATION and you decided to use your currency as the main medium of exchange.
What that does is huge.

First of all: You become super competitive because your Goods are too cheap.
Secondly: The local economy of the people becomes stronger when they ditch out all the foreign goods and replace them with Locally made or even far cheaper ones (Chinese and Indian)

So it's a lot of things happening at the same time.

Nigeria is not producing NATIOn yet. (We do not have a steel industry so forget it for now, until we do)
Nigeria does not even have a light yet. (you all wonder why they killed Yaradua for trying to resuscitate Ajaokuta and Steel in exchange for building a gas pipeline to Europe. (A deal sabotaged by Niger delta, a kind of western proxy forces when needed to do the damage proof Nigeria is a vicious circle of failure to the people).


Nigeria needs a political will. That is all.

BKayy:

Only if you can pay the price.
Look at Libya, Syria and Iraq. These are countries that challenged dollar unprepared.

Once you show signs, USA will come for you like they are doing to Paul Kagame of Rwanda today.

The USA is effective against small nations hence the reason the ruble has continued to sink the dollar

dapoRead:

When you are a producing NATION and you decided to use your currency as the main medium of exchange.
What that does is huge.

First of all: You become super competitive because your Goods are too cheap.
Secondly: The local economy of the people becomes stronger when they ditch out all the foreign goods and replace them with Locally made or even far cheaper ones (Chinese and Indian)

So it's a lot of things happening at the same time.

Nigeria is not producing NATIOn yet. (We do not have a steel industry so forget it for now, until we do)
Nigeria does not even have a light yet. (you all wonder why they killed Yaradua for trying to resuscitate Ajaokuta and Steel in exchange for building a gas pipeline to Europe. (A deal sabotaged by Niger delta, a kind of western proxy forces when needed to do the damage proof Nigeria is a vicious circle of failure to the people).


Nigeria needs a political will. That is all.

If a country says it wants to use it's currency as a medium of trade.it has its own effects
Nigerian and china did a test run of yuan naira and it crashed same thing with some yuan with other currencies.
Making a global exchange currency for global trade come with its own risks to the parent country.that is why nations with rather let the us dollar float.
Russian roubles is good in Russia but useless in naira. But if it has a dollar base (it can create a roubles account).
You get the politics and economic play.(As long as Russia has an euros or dollar account...it can use it's roubles)
But to say you want to disregards a global currency where you do not have structures .you will end up with economic concussion.
Two!that you produce 100% of your goods does not mean you source your raw materials 100%.for you to source your raw materials that nation will need to trade!Now if that nation economic growth is linked to it's size of economic activity(how much can that nation carry since it neither buys or sells beyond its borders).
Then there are some other stuffs that are inherent in an economy like what hit Japan and china

Nigeria does not need to float a naira against dollar to grow.
The naira needs to devalue against the dollar for the nation to grow
Two Nigeria has mirade of things to solve first
We have lack of sustainable power and pricing
We have multiple taxation
We have poor road infrastructure
And all.rhat

Let me now explain what this means to everyone the stronger the roubles against the dollar
The cheaper the us oil and gas gets

It's not 55 ,if continues this pace ,in 4 months ruble will be worth more than dollar

baralatie:

If a country says it wants to use it's currency as a medium of trade.it has its own effects
Nigerian and china did a test run of yuan naira and it crashed same thing with some yuan with other currencies.
Making a global exchange currency for global trade come with its own risks to the parent country.that is why nations with rather let the us dollar float.

This is why I love and I have missed scully95 on here. I do follow him back to back with every comment. It's been a while since I read from him. In one of his posts, he made it clear what happened in the case of China. You want to know what truly happened to the currency swap deal.
It was sabotaged and this is the reason I believe Buhari recently made a bluff.
1) Only a 2billion currency swap with China was done leaving a deficit of about 8billion USD.
2) This is the exact reason Buhari was poisoned in 2016 by those who believe they are the power that be.
3) This I also believe is the reason he also decided to sabotage the ajaokuta steel industry with the UK eventually. This sabotage has long been done until recently when his administration claimed they cant complete ajaokuta because the Russian bank account is being blocked by the west.
What a useless pretext. In reality, it has long been sabotaged. My theory is this. In exchange for the Uk to revive his health back after being poisoned via his AC in Aso rock. He made a deal with the devil itself to resuscitate his life back. This is the same reason Yaradua was killed in Saudi Arabia. He was sick too but could be well-taken care of. He died mysteriously in Saudi.

baralatie:

Russian roubles is good in Russia but useless in naira. But if it has a dollar base (it can create a roubles account).

The Russian ruble and Naira link can easily be created with the deal Yaradua was embarking on during his time.
How do you create demand for Naira and Ruble? Upon signing the deal.
The deal the west killed Yaradua for would have made a demand for both currencies to be used. Nigeria has massive gas reserves the one that could even supply 10% of the world's gas need but there is no infrastructure. The plan Yaradua had was to build a gas pipeline from Nigeria to Europe. Russia was ready in return to help Nigeria complete the ajaokuta steel industry not only but also build Nigeria's Nuclear power plants that will power all the industries in Nigeria. He was killed and Jonathan completely sabotaged the two main projects his boss started but continue with the rest. All the train station Buhari is opening today, for your information as part of Yaradua's agenda if you don't know. The two most important ones were being sabotaged.

That is how you create demand for both currencies. When there is no such, then you can decide to use a 3 party currency. As we speak the only time Nigeria does business successfully with Russia is when we are buying weapons from them. Right now, if Nigeria wants to buy anything. Nigeria will first convert Naira to USD. Go to a Russian bank to convert that USD to Ruble. Do you know what that means for Ruble? It means just one thing. More scarcity for Rubble. All Russians will have more purchasing power. This will also give Russia the power to print again based on how much the country wants liquidity to flow. It's always good to have a cheaper currency when you are an exporting country. It has a huge advantage.

baralatie:

You get the politics and economic play.(As long as Russia has an euros or dollar account...it can use it's roubles)
But to say you want to disregards a global currency where you do not have structures .you will end up with economic concussion.
Two!that you produce 100% of your goods does not mean you source your raw materials 100%.for you to source your raw materials that nation will need to trade !Now if that nation economic growth is linked to it's size of economic activity(how much can that nation carry since it neither buys or sells beyond its borders).
Then there are some other stuffs that are inherent in an economy like what hit Japan and china

First of all, what you termed global currency is nothing more than a hegemony. Do you know what the one world order means? It means only one power and no other one can challenge such power. Listen to this, this is being completely challenged as we speak by Russia. How are the U.S and its war criminals doing? They remove or kill any head of state that as chooses to ditch the dollar. They install a puppet and the puppet uses the dollar as its medium of exchange. The first time the U.S was able to do this 100% was in Japan. The first backer of the merely printed paper is Japan. Just after the two atomic bombs were dropped on Hiroshima and Nagasaki, Japan became the first country to back the merely printed paper. Ever since then, a lot of the Opec countries have also been backing it via a petrodollar. This is why Gaddafi was killed when he decided to challenge the order. The same thing happened to Saddam. Ok.

Now, see what has been happening. Since Saddam and Gaddafi were killed, the war has not ended and just recently after trying the same thing in Afghanistan, they left 20 years later. What this means is this. THE NATO/U.S/UK or the current world order has no military capability to get the needed political goal. What is the political goal? The same thing they did to japan just after the war. As we speak, Russia has won a war in the past 20 years using its Militarily to get the needed political solution. That was in the 2008 Georgian war ok.

Remind me of the last time the anglozionist empire won a real war politically? This is telling you the world order is already dead. Now, Russia has challenged it completely doing just the same thing they have been doing. Using their currency to trade. A petro-ruble gold-backed currency. So try to understand what is happening as we speak.

baralatie:

Nigeria does not need to float a naira against dollar to grow.
The naira needs to devalue against the dollar for the nation to grow
Two Nigeria has mirade of things to solve first
We have lack of sustainable power and pricing
We have multiple taxation
We have poor road infrastructure
And all.rhat

What you have written here is, that Nigerians should continue to suffer. No steel industry, no 24 hours power supply. They should continue using the 3rd party currency as their medium of exchange.

I would just advise all Nigerians reading this. You need a hedge fund. And the best, for now, is BTC.
Learn how to trade before going into BTC. Learn about the 4 years circle of the currency. Know when to buy low and sell high.
By what you have written above, you are an enemy of the state. This is all I can say in a conclusion.
Enemy of Nigeria is what you are.

In reality FIAT is dead. The future is decentralized.

Yawns! It will still fall back again for sure.

dapoRead:


This is why I love and I have missed scully95 on here. I do follow him back to back with every comment. It's been a while since I read from him. In one of his posts, he made it clear what happened in the case of China. You want to know what truly happened to the currency swap deal.
It was sabotaged and this is the reason I believe Buhari recently made a bluff.
1) Only a 2billion currency swap with China was done leaving a deficit of about 8billion USD.
2) This is the exact reason Buhari was poisoned in 2016 by those who believe they are the power that be.
3) This I also believe is the reason he also decided to sabotage the ajaokuta steel industry with the UK eventually. This sabotage has long been done until recently when his administration claimed they cant complete ajaokuta because the Russian bank account is being blocked by the west.
What a useless pretext. In reality, it has long been sabotaged. My theory is this. In exchange for the Uk to revive his health back after being poisoned via his AC in Aso rock. He made a deal with the devil itself to resuscitate his life back. This is the same reason Yaradua was killed in Saudi Arabia. He was sick too but could be well-taken care of. He died mysteriously in Saudi.



The Russian ruble and Naira link can easily be created with the deal Yaradua was embarking on during his time.
How do you create demand for Naira and Ruble? Upon signing the deal.
The deal the west killed Yaradua for would have made a demand for both currencies to be used. Nigeria has massive gas reserves the one that could even supply 10% of the world's gas need but there is no infrastructure. The plan Yaradua had was to build a gas pipeline from Nigeria to Europe. Russia was ready in return to help Nigeria complete the ajaokuta steel industry not only but also build Nigeria's Nuclear power plants that will power all the industries in Nigeria. He was killed and Jonathan completely sabotaged the two main projects his boss started but continue with the rest. All the train station Buhari is opening today, for your information as part of Yaradua's agenda if you don't know. The two most important ones were being sabotaged.

That is how you create demand for both currencies. When there is no such, then you can decide to use a 3 party currency. As we speak the only time Nigeria does business successfully with Russia is when we are buying weapons from them. Right now, if Nigeria wants to buy anything. Nigeria will first convert Naira to USD. Go to a Russian bank to convert that USD to Ruble. Do you know what that means for Ruble? It means just one thing. More scarcity for Rubble. All Russians will have more purchasing power. This will also give Russia the power to print again based on how much the country wants liquidity to flow. It's always good to have a cheaper currency when you are an exporting country. It has a huge advantage.



First of all, what you termed global currency is nothing more than a hegemony. Do you know what the one world order means? It means only one power and no other one can challenge such power. Listen to this, this is being completely challenged as we speak by Russia. How are the U.S and its war criminals doing? They remove or kill any head of state that as chooses to ditch the dollar. They install a puppet and the puppet uses the dollar as its medium of exchange. The first time the U.S was able to do this 100% was in Japan. The first backer of the merely printed paper is Japan. Just after the two atomic bombs were dropped on Hiroshima and Nagasaki, Japan became the first country to back the merely printed paper. Ever since then, a lot of the Opec countries have also been backing it via a petrodollar. This is why Gaddafi was killed when he decided to challenge the order. The same thing happened to Saddam. Ok.

Now, see what has been happening. Since Saddam and Gaddafi were killed, the war has not ended and just recently after trying the same thing in Afghanistan, they left 20 years later. What this means is this. THE NATO/U.S/UK or the current world order has no military capability to get the needed political goal. What is the political goal? The same thing they did to japan just after the war. As we speak, Russia has won a war in the past 20 years using its Militarily to get the needed political solution. That was in the 2008 Georgian war ok.

Remind me of the last time the anglozionist empire won a real war politically? This is telling you the world order is already dead. Now, Russia has challenged it completely doing just the same thing they have been doing. Using their currency to trade. A petro-ruble gold-backed currency. So try to understand what is happening as we speak.



What you have written here is, that Nigerians should continue to suffer. No steel industry, no 24 hours power supply. They should continue using the 3rd party currency as their medium of exchange.

I would just advise all Nigerians reading this. You need a hedge fund. And the best, for now, is BTC.
Learn how to trade before going into BTC. Learn about the 4 years circle of the currency. Know when to buy low and sell high.
By what you have written above, you are an enemy of the state. This is all I can say in a conclusion.
Enemy of Nigeria is what you are.

In reality FIAT is dead. The future is decentralized.

What a read!

B

At this rate ruble will be more valuable than dollar in a year