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Nairaland Forum / Nairaland / General / Politics / The Real Motive Behind Emefile's Currency Redesign (3868 Views)
Currency Redesign: Open Letter To Governor El-Rufai By Gloria Mabeiam Ballason / Currency Redesign: Godwin Emefiele Address The Diplomatic Community / Naira Crisis: Emefiele Discloses Why Currency Redesign Policy Is Failing (2) (3) (4)
The Real Motive Behind Emefile's Currency Redesign by WileyECoyote: 12:27pm On Oct 28, 2022 |
The reasons for Emefile wanting to redesign our currency are all ret@rded and should be dismissed for what it is - utter rubbish! Emefile is claiming that over 2.3 Trillion naira can't be accounted for within the system to which he blames unscrupulous elements for hoarding the naira? Really? Anyone who is stupid enough to stash the naira as a means of wealth storage should be getting an award from Emefile's CBN and his head examined. Most sensible people have since seen the folly of operating bank accounts in naira and have since pulled their money and converted it to some other more sustainable currency or asset. If there be actually some people out there stashing naira in secret vaults or what not, the outcome will see to a stronger naira and not the free fall gravity inclined condition the naira is being subjected to. It also defies simple micromanagement in a time of huge govt debt servicing for the CBN to think of recalling notes in circulation for new designed instruments that will cost huge sums of forex to print and import from abroad. So everything Emefile has said on why he is hell bent on issuing new paper currency is total hogwash and only proves what I have always maintained about both the CBN under Emefile and the reckless Buhari APC govt which is that both are deliberately crashing booth our currency and economy towards deploying the WEF set agenda 2030 in Nigeria. So why is Emefile really bent on a currency swap? The answer is simple. There is a war on paper currency and plans for it to be phased out in place of a digital naira. Nigeria being the only country in the world to have rolled out a digital currency tied to a CCP styled Social Credit system. Nigeria is their test bed for their great reset that will usher in a Technocracy ruled by a Corporatist order. To accelerate our transition to a fully digital and non cash based economy, the systematic and deliberate debasement of both our currency and economy is that tool being advanced. The CBN will print new naira notes and call for its swap but the volume of new notes will be far lower than that within circulation. This will put a huge strain on physical cash transaction thereby forcing everyone to utilize other transaction means outside of cash payments. The fallout of this will see virtually everyone enrolling for a bank account which the CBN will unviel next year. That bank account will be digital and require use of phones or plastic debit cards. For those who can't afford to open an account, the CBN will register them under the ID2020 project and provide them with an eNaira account to which they will sign up to because of the UBI payments the CBN will tie to it. In due time, the phasing out of plastic and other tech based transfer methods will see to everyone being mandated to register for a digital ID2020 surveillance chip that will serve as both your means of identification and for making purchases and payments. Emefile and the Satanic bastards in the Buhari APC govt have sold us to the Judases at Davos and our enslavement to the incoming corporatist Judaic neo liberal order is near complete. 10 Likes |
Re: The Real Motive Behind Emefile's Currency Redesign by SmartPolician: 12:43pm On Oct 28, 2022 |
Your choice of words is absurd, to say the least. Even if the ulterior motive of reprinting naira is to promote e-Naira, there's nothing wrong with that. Digital money has more benefits than paper money. 8 Likes |
Re: The Real Motive Behind Emefile's Currency Redesign by WileyECoyote: 12:44pm On Oct 28, 2022 |
A sovereign nation is one with an identifiable international border to which it is ready to defend and preserve . A nation can not be classified as a sovereign entity if it does not have a direct means to mint and control it's money supply From every indicator, the Buhari APC govt has continued to degrade our sovereignty through debt , state backed terrorism and now a direct assault on out collective wealth. Emefile thinks by issuing a new currency he can recall all the excess useless fiat notes he has printed us into Zimbabwe tier inflation. Speaking on inflation, this is a deliberate wealth heist and poverty inducing policy carried out by central planners like Emefile and Buhari to reduce the economic and fnaial power of the citizens and towards rducung standard of living for all. In the US and across western Europe we are seeing all the gimmicks we endured under Buhari's madness being deployed to impoverish and reduce the standard of living over there. The World owes 330 Trillion to Jewish banksters most of which is from worthless fiat currency transfers and given that the global economy is just $50trillion , that means the entire planet owes 6 times what it produces to the vipers in the gambling dens of London and Wall Street. Buhari has complimented the Jewish Zionist agenda by enslaving us to the tune of over $100bnin 7ys with nothing to show for it. To make matters worse, the federal govt is broke and has no means of revenue since the NNPC is now a private entity sold to only God knows who. The repercussions to this is a takeover of our nation by those who Buhari has borrowed our future and that of our grandkids to. You all witnessed the madness of Covid and how this same useless APC govt did not have a choice on the matter but simply implemented every dictate from Davos. Ngozi Iweala headed the IMF loan shark international relief committee that dangled money to governments as long as they agree to destroy their economies and subject their citizenry to the Jewish jab. Already , another replacement much more disastrous than Buhari is being propped by the same shaddy characters that sold the bad market Buhari to you in 2015 Peter Obi will be far worse in his subservience to Judas and he will have the entire Igbo Zionist nation behind him . 2 Likes |
Re: The Real Motive Behind Emefile's Currency Redesign by WileyECoyote: 12:48pm On Oct 28, 2022 |
SmartPolician: You know nothing. Digital currency offers no privacy and the govt can decide to block access to your account or restrict you from buying certain products or services. It is for the ultimate nanny state and an Orwellian nightmare to say the least. It also puts whoever is in charge of the platform as an uninvited or unwanted middleman that will get paid for every and all transaction you make. Why are some of you so bent on being slaves? 6 Likes |
Re: The Real Motive Behind Emefile's Currency Redesign by NigerianAngelo(m): 12:53pm On Oct 28, 2022 |
My friend, he is perfect on his decision to change the notes. (Though they should introduce N2000, and N5000 as well - it's time!) 1. All stolen funds with BH, corrupt Army and politicians will instantly become useless - It is a security measure. Changed note shouldn't be anyone's business. It doesn't affect anything. If you drink from blue cup or green cup it doesn't matter. 1 Like |
Re: The Real Motive Behind Emefile's Currency Redesign by Arkmanbuddy(m): 12:53pm On Oct 28, 2022 |
It's a good write up, OP. But your accusation is quite huge! 2 Likes |
Re: The Real Motive Behind Emefile's Currency Redesign by LadyExcellency: 1:00pm On Oct 28, 2022 |
Why are Central Banks insured? 1 Like |
Re: The Real Motive Behind Emefile's Currency Redesign by GHOSTTALK: 1:00pm On Oct 28, 2022 |
Funny enough if you buying assets using any digital platform... money goes through the banks money can't leave hoarders to hoarders when it does not the huge we hear....in lame man language..who goes to Abuja to buy property from oshun with all his stolen billions .what I sure know is there is more money outside the banking system...am not a friend of emefiele but am sure he is not totally foolish they are more informed than you..cbn is not seeing any kinda transactions of such base running... |
Re: The Real Motive Behind Emefile's Currency Redesign by WileyECoyote: 1:01pm On Oct 28, 2022 |
Arkmanbuddy: Nigeria lost her independence on Jan 15, 1966 courtesy of Igbo Marxism and their unbridled greed. That's the honest truth. The Jews instigated the independence struggle across Africa to get rid of the European colonialists who acted as paternalistic guardians of the Africa. With the European gone, Africa descended into endless conflicts and debt. Was this the case during colonial era? Not defending colonialism but we can't write Nigeria's history without looking back to the years 1914 to 1960 as its most peaceful and prosperous era. One thing is for sure, the European left Africa far better than he met it. With the European gone, Jews have been in total control but now their greed has overcome them and they want to directly own us without pretext to their stooges in power. Buhari has been and will always remain an agent of Judas in Nigeria. 4 Likes |
Re: The Real Motive Behind Emefile's Currency Redesign by WileyECoyote: 1:03pm On Oct 28, 2022 |
NigerianAngelo: Peak ignorance. As I said, the volume of printed new notes will not be adequate to replace that in circulation. This is where Emefile thinks he can reduce the money supply in circulation . As I said you know nothing. 1 Like |
Re: The Real Motive Behind Emefile's Currency Redesign by WileyECoyote: 1:05pm On Oct 28, 2022 |
LadyExcellency: Because its a privately owned entity that is a branch of the Bank of International Settlement. There is nothing Nigerian or national about the CBN. The CBN remains a Rothschild bank 1 Like |
Re: The Real Motive Behind Emefile's Currency Redesign by Nobody: 1:09pm On Oct 28, 2022 |
Well I don't know much about the subject matter. I just know that this civilization is a mess. The weak and deviant have taken the earth, making humanity confused and misguided. We await a New Era of glory and prosperity to be started by the coming great emperor 'The Unity'. You people should enjoy the fruits of your civilization while it lasts. |
Re: The Real Motive Behind Emefile's Currency Redesign by idomalord: 1:54pm On Oct 28, 2022 |
WileyECoyote: beautiful write up and it's true but some go still call am conspiracy theory even when it comes to collecting the mark which is the chip 2 Likes |
Re: The Real Motive Behind Emefile's Currency Redesign by Mercury12(m): 2:29pm On Oct 28, 2022 |
SmartPolician:honestly it is sickening reading op post. The swear words are totally unnecessary 2 Likes |
Re: The Real Motive Behind Emefile's Currency Redesign by Joystic: 3:19pm On Oct 28, 2022 |
Calm your nerves bro, it will take Nigeria another century or two of steady growth and development to reach the stage of operating solely on digital currencies. So for now, better hold your #100 and #200 for hand because danfo conductor no sabi British English o. 5 Likes |
Re: The Real Motive Behind Emefile's Currency Redesign by squash47(m): 3:41pm On Oct 28, 2022 |
Joystic: That guy think say e dey easy for cashless economy to work for interior villages. |
Re: The Real Motive Behind Emefile's Currency Redesign by Nobody: 3:50pm On Oct 28, 2022 |
SmartPolician: u no get sense ni, |
Re: The Real Motive Behind Emefile's Currency Redesign by Spy360(m): 4:37pm On Oct 28, 2022 |
WileyECoyote:That same slavery mentality is what has given Tinubu and Atiku the guts to challenge for the presidency. Ordinarily the people should be putting them in jail. |
Re: The Real Motive Behind Emefile's Currency Redesign by Difrent: 4:47pm On Oct 28, 2022 |
WileyECoyote: Of all countries in the world ....this your so called ID2020 will first be used in Nigeria.? Doesn't make any sense at all The same Nigeria without electricity and telecoms infrastructure to drive a fully digital payment system? You can believe in Davos conspiracy all you want but that Nigeria is the test country is A BIG FAT LIE |
Re: The Real Motive Behind Emefile's Currency Redesign by WileyECoyote: 4:53pm On Oct 28, 2022 |
Difrent: While you slumber,bill Gates signed a contract with the FG to rollout his ID2020to replace the plastic NIN card. Aregbesola made mention of this in late 2021 when he said the FG is looking at an ID system that will not require carrying a physical ID and one which will offer him 24/7s Surveillance on every chipped citizen using 5G network. Continue to dey sleep |
Re: The Real Motive Behind Emefile's Currency Redesign by Fejoku: 4:57pm On Oct 28, 2022 |
WileyECoyote:This fool will always find a way to rope Ndigbo into any and every of his mad conspiracy theories. I've never seen such a deranged hater before. May that hatred lead to your painful kicking of the bucket. Anumanu. |
Re: The Real Motive Behind Emefile's Currency Redesign by Joystic: 5:13pm On Oct 28, 2022 |
squash47: Imagine o. If you see how dirty our naira notes can get, you don't need a prophet to tell you the nooks and crannies of this country it has passed through. There are many villages that have never set eyes on electricity sef and he's talking digital currency. 1 Like |
Re: The Real Motive Behind Emefile's Currency Redesign by Spy360(m): 6:15pm On Oct 28, 2022 |
WileyECoyote:So who amongst the candidates are you looking at? |
Re: The Real Motive Behind Emefile's Currency Redesign by orisa37: 6:37pm On Oct 28, 2022 |
Supported. EMEFIELE is a Freak and a Fraud. |
Re: The Real Motive Behind Emefile's Currency Redesign by Fejoku: 7:05pm On Oct 28, 2022 |
WileyECoyote:No one gives a f^ck about who you're married to. The point is that your hatred for Ndigbo is so glaring that it is driving you insane. Every thread you start is geared towards insulting Ndigbo and accusing us baselessly for your woes and the failure of the Nigerian shithole. My prayer for you is that may your hatred for my people lead you to running mad or having a heart attack. Shame on you. |
Re: The Real Motive Behind Emefile's Currency Redesign by paramakina202: 7:05pm On Oct 28, 2022 |
Why can't this lame government just go away in may next year allow the next administration to take care of business. |
Re: The Real Motive Behind Emefile's Currency Redesign by Mayng01(m): 7:37pm On Oct 28, 2022 |
Yahoo boys will use to their advantage. Have you forgotten? SmartPolician: |
Re: The Real Motive Behind Emefile's Currency Redesign by BlackMan6969(m): 8:07pm On Oct 28, 2022 |
Fejoku:Obviously the O.P is more enlightened digitally & historically than you. |
Re: The Real Motive Behind Emefile's Currency Redesign by CityHitz: 9:30pm On Oct 28, 2022 |
Re: The Real Motive Behind Emefile's Currency Redesign by Fejoku: 5:32am On Oct 29, 2022 |
BlackMan6969:You are entitled to your opinion. Enlightenment becomes very powerful when it is truth based and robust in explaining issues. However, when it is jaundiced and filled with prejudiced accusations on certain people who clearly have not been in the political power of attorney country for over fifty years, that tells you the purveyor of such conspiracy theory is nothing but a lunatic. What role did those who had the political power of Nigeria in their hands for most of Nigeria's history in the destruction of Nigeria? He doesn't write about them neither does he accuse them. His attacks are always on Igbos. Where then is the historical enlightenment you claim that he possesses? Your opinion confirms how uninformed you are. I won't be surprised if you're proven to also be prejudiced towards Igbos. Your subsequent posts will reveal a lot about your personality. |
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