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Re: EPL Chatroom - All Discussions by Spy360(m): 5:02am On Aug 31, 2023 |
raumdeuter:If the West have no business then why did France ask to invade Niger? Why does France keep a military base in Africa? Why are the Niger people and other Francophone countries pointing fingers at France? Tell me how the West has no business in Africa. 5 Likes 1 Share |
Re: EPL Chatroom - All Discussions by Spy360(m): 5:05am On Aug 31, 2023 |
raumdeuter:You asked a question, what is the business of the West? -about who lost an election in Africa and refused to leave. 1 Like |
Re: EPL Chatroom - All Discussions by Spy360(m): 5:08am On Aug 31, 2023 |
Ibime:Justify why the West should not be accused of interfering in African politics after they invaded Ivory Coast and arrested Gbagbo for refusing to vacate office. 2 Likes |
Re: EPL Chatroom - All Discussions by Spy360(m): 5:21am On Aug 31, 2023 |
Griffon:I don't know how Ibime and Roland17 will say they are not aware of this. Also that any leader who attempts to deviate from this is forced out of power either through coup or rigged election. It happened in BFaso and Ivory Coast. If they cannot see how France influence politics in Africa by empowering their stooges through economic, political and military means then I wonder. If they tell me its still Africans that allow themselves to be used then I will understand. But if they say such influence never exist, then I wonder. 4 Likes 1 Share |
Re: EPL Chatroom - All Discussions by afrodoc2: 5:33am On Aug 31, 2023 |
larride: In this case it wasn't really about keeping bloodline pure as many of those getting married did not have direct blood relationship (although some did) but more about marrying within a select number of families that could be trusted for political support. |
Re: EPL Chatroom - All Discussions by iamoyindamola(m): 5:34am On Aug 31, 2023 |
raumdeuter:It's like keeping up with the kadarsian More over I no they enjoy boxing |
Re: EPL Chatroom - All Discussions by iamoyindamola(m): 5:36am On Aug 31, 2023 |
Ibime:7/10 Them stingy with nudity, Roman empire is close to Sodom and Gomorrah but these ones are after politics 😡😡 |
Re: EPL Chatroom - All Discussions by izzou(m): 5:48am On Aug 31, 2023 |
iamoyindamola:
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Re: EPL Chatroom - All Discussions by iamoyindamola(m): 5:54am On Aug 31, 2023 |
izzou:If you watch Spartacus and Rome you will confirm my point😅😅 |
Re: EPL Chatroom - All Discussions by izzou(m): 5:58am On Aug 31, 2023 |
iamoyindamola: Go and seek forgiveness during tomorrow's Jumaat. Wetin singles like us dey hustle for, you wan come drag am. |
Re: EPL Chatroom - All Discussions by Ibime(m): 6:44am On Aug 31, 2023 |
raumdeuter: Of course you know what it is. Look at these guys. They expect to have a currency without foreign reserves, to eat their cake and have it. No clue about how monetary policy works, just shouting "colonial tax". The saying "a little information is a dangerous thing" was invented for narratives like this. It is better to have no knowledge of something than to have a little knowledge and misuse it. popizaino: Griffon: Make I clear una. Every country keeps foreign reserves to maintain stability of their currency. Nigeria keeps around $30-$40bln historically of which it spends over $10bln per year defending the Naira (buying Naira by selling dollar), yet Naira has gyrated from N22 to $ to N950 today since 1994 14 African countries keep $19 billion of their foreign reserves in a private French bank in order to stabilise the CFA and CFA has not moved one cent against Franc or Euro from 1994 till date. France has heavily subsidised CFA for the last 30 years in order to keep that stability. France has even asked for them to nominate 2 African banks to keep the money, they don't trust each others banks to keep that money safe. Leaving or joining CFA is of your own free volition. Mali and Guinea left in the 1960s and begged to rejoin the 1980s after failing to keep their currency stable. Equitorial Guinea and Guinea Bissau who aren't even French colonies begged to join in the 1980s and were accepted. We read from JP Morgan how Naira is gyrating because the true state of our reserves is only $3.3bln, yet 14 countries are perfectly defending CFA without blemish since 1994 for an average of just over $1bln per country So the question now is if you outsource your monetary policy to an entity to protect your currency, where will you store the reserves needed to defend the currency. Who will bell the cat and open themselves up to false narrative? France do not keep nor use the reserves. It is kept in a private French bank which the CFA countries trust over their own banks. Eurozone ECB reserves are administered from Frankfurt, yet we don't read about Poles, Lithuanians, Spanish and co complaining of neocolonial tax to Frankfurt. You can only push such narratives amongst a poorly educated populace with a persecution complex. Niger, Burkina Faso and Mali have their "independence" and have refused to float their own currency to escape this "neocolonial" tax. Why? Because they are the ones taxing France to keep their currency stable. France spends its own money to keep their currency stable and even French parliament are complaining about it. I for like see how desert countries overrun by jihadists who are net importers of food won't suffer widespread famine without the purchasing power CFA offers them. Unfortunately for France, you cannot easily kick a country out of a common currency as they should do to the likes of Niger and co. Even Nigeria is free to ditch Naira and use CFA or dollar if they want, that's why countries use dollar when their currency becomes useless eg Ecuador, El Salvador, Zimbabwe use dollar fully and don't have their own currency, and countries like Argentina are planning to go that route. You don't need permission to use another man's currency. If e sure Niger, Burkina Faso and Mali, they should simply ditch CFA and use their own currency. We saw Robert Mugabe shouting "West, West, West", same Robert Mugabe ditched Zimbabwe currency for dollar in 2009 after all his ranting. True definition of hypocrisy. If you think keeping foreign reserves with your currency issuer is a tax, please advise the African countries pictured to run their foreign reserves to zero. 9 Likes 3 Shares
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Re: EPL Chatroom - All Discussions by Ibime(m): 6:52am On Aug 31, 2023 |
Spy360: It's simple. BFaso, Mali and co should float their own currency and escape the French Colonial tax. Mali left in 1962 and begged to return in 1984. Nobody is holding them. Lies can travel round the world but facts are stubborn. Blame France, blame France, yet you don't want to leave CFA and go your own way because you know how CFA is subsidising you. 1 Like |
Re: EPL Chatroom - All Discussions by Emaprince: 6:59am On Aug 31, 2023 |
Ibime:They don't even trust their own banks. SMH Africa is indeed cursed with bad leaders. 1 Like |
Re: EPL Chatroom - All Discussions by Griffon: 7:44am On Aug 31, 2023 |
Ibime: You have your facts and they’re richly written boss. However, why is this your analysis not capturing the fact that France is allowed to appropriate about 85% of their former colonies’ annual income. These countries face financial difficulties, and have to borrow back their own money from the French central bank as debts. To reclaim their funds, these countries are limited to applying for no more than 20% of the transferred amount. If they seek a larger sum, it can be vetoed. France argues that it is the money it spent on buildings and infrastructure constructed more than a century ago. I hope it’s not equally lies traveling around the world when France introduced more conditions to this “taxation” having seen that these countries are rich in Natural resources. These includes; (1) In the award of government contracts, French companies must be considered first, and only after that these countries could look elsewhere. It doesn’t matter if the african countries can obtain better value for money elsewhere. (2) , France has the first right to buy any natural resources found in the land of its ex-colonies. It’s only after France would say, “I’m not interested”, that the African countries are allowed to seek other partners. (3) France allows them to access only 15% of the money in any given year. If they need more than that, they have to borrow the extra money from their own 65% from the French Treasury at commercial rates. (4) France impose a cap on the amount of money the countries could borrow from the reserve. The cap is fixed at 20% of their public revenue in the preceding year. If the countries need to borrow more than 20% of their own money, France has a veto.(5) France will be in charge of redeployment of Troops by this countries, France will also be in charge of acquiring Military equipments for this countries. I hope these aren’t lies too sir? 7 Likes |
Re: EPL Chatroom - All Discussions by OkpaNsukkaisBae(m): 7:58am On Aug 31, 2023 |
Imagine an African defending colonial masters.. Wonders shall never end....abi una wey dey abroad dem 0yibos dey vet una social media presence. 2 Likes |
Re: EPL Chatroom - All Discussions by A001: 8:00am On Aug 31, 2023 |
Yesterday, two of the three Isese practitioners remanded unjustly in a prison by the Ilorin Islamist terrorists were freed by court orders. It's expected that Tani Olorun, the third person, will regain his freedom next week. It's the police and thugs that Muslims are using to fight for their weak god now. Lols, they take up arms for their Arabian idol because they know he's useless and weak. Even if you didn't know before, these recent events should be enough to show you that religion is man-made. God, just like religion, is purely a human invention and social construct. |
Re: EPL Chatroom - All Discussions by A001: 8:06am On Aug 31, 2023 |
A disaster struck the shrine of their idol at Makkah last week. Nairaland sef no carry the news. I just watched the news report on AlJazeerah last week and laughed. If this happened to any of the local shrines, the Muslims no go let us hear word. If you like pray in the name of the Arabian idol from now till next year, you'll still have your fair or unfair share of problems in life, and Allah won't be able to help you just like he couldn't protect his shrine last week from the disaster and also from the damaging impact of COVID-19. Lols
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Re: EPL Chatroom - All Discussions by Spy360(m): 8:07am On Aug 31, 2023 |
Ibime:Who are the 'you' ? Are they the Stooges of France or the people of West Africa in general? Because it is those who were installed by France since independence that have been holding the country down for France. So it's not like the people want to remain subservient to France but France through using fellow Africans have forced the people to remain so. It is for this reason that we have the likes of late Thomas Sankara, and living Julius Malema etc. 1 Like |
Re: EPL Chatroom - All Discussions by Ibime(m): 8:07am On Aug 31, 2023 |
Griffon: These are outright lies Foreign Exchange Reserves is different from annual income In the initial stage, CFA countries kept 85% of their foreign reserves in a French bank, now 50%. Nigeria keeps 100% of its foreign reserves with CBN The purpose of your foreign exchange reserves is for international settlements and backing of your currency. It is expected to be held by your currency issuer for that purpose only, and they have chosen France as their currency issuer, yet not even held 100% of their Forex reserves with their currency issuer. This is standard operating procedure. They are free to leave and manage their own currency as some of them have done. When the Euro was setup in 1999, all Eurozone countries transferred Forex reserves to ECB, but we did not hear of Frankfurt stealing their money, did we? Griffon: Your Foreign Exchange Reserves are not intended to run your budgetary needs. There is never a question of using your forex reserves for that purpose, that's why Nigeria will have $40bln foreign reserves and still be borrowing $10bln to fund a $30bln budget without touching its foreign exchange reserves. That's why Emefiele is in trouble for collaterising Nigerias forex reserves, an unprecedented abuse of authority by a CBN Governor. So these are outright lies Griffon: This is even worse. You are not supposed to borrow from your foreign exchange reserves, exactly what Emefiele did. Someone allowed you to borrow from your reserves at 20% of your revenue, and you are painting it as wicked. It is indeed wicked to even allow you to borrow from your foreign exchange reserves for non monetary policy purposes. It should be zero % A failsafe designed to protect from an Abacha type leader that will just swipe your foreign reserves into his pocket On top of that, good risk management (not allowing a debtor to borrow more than 20% of their income) is being painted as wickedness. We never know wetin dey worry us for that continent. 6 Likes 3 Shares |
Re: EPL Chatroom - All Discussions by popizaino(m): 8:10am On Aug 31, 2023 |
Ibime: Thanks for the explanation. I have always been pro-west.I have even been called a self hating black man with my position about thd west and wear it my full chest. God forbid i follow my fellow blackman to blame a white man devil for lack of development on the continent when i can discern myself. Olodo bridge in ibadan has collapsed for close to 8weeks and left unattended to, which has affected my line of business and so many others. Infact you can't access ibadan from some places in Osun easily. but i should leave Seyi Makinde who is my governor and begin to blame an innocent white man for this difficulties am encountering It is the same West that has refused to repair Port-Harcourt- Aba Road for Griffon to ply smoothly. Thank goodness i can finally use your explanations to nail my friend who lives in the West but believes the West is our bogeyman and won't hesitate to send me links like this on countless occasions and the only way which i have been able to bail myself was to ask him that how come France 🇫🇷 managing the economy of cote d'ivore been able to maintain inflation to the barest minimum with a price stability that is comparable to Europe? Price of items you bought in Cote D'Ivoire,Togo,Benin in 2000 was the same price in 2019 till the pandemic. He will usually end our convo with "Oga go and read 📚 the book how Europe 🇪🇺 underdeveloped Africa. 😀 1 Like |
Re: EPL Chatroom - All Discussions by OasisX: 8:14am On Aug 31, 2023 |
Nation building is not a quick fix, it entails sacrifices! We cannot keep doing the same things and expect different outcomes. Nation building is a call to arms – a vital task – a necessity. At its core, nation-building is the intricate process of forging a cohesive, harmonious, and united society, out of diverse individuals, culture, and ideologies. It is the art of constructing a shared identity, purpose, and vision that transcends all individual interests. Our pursuit of nation building must be characterised by unwavering determination, empathy and a commitment to create a legacy of progress, unity and hope for generations to come. - Tony O. Elumelu https://twitter.com/TonyOElumelu/status/1696886357665230955?t=odQcZNNycmg1Ay7-6QAsOA&s=19 |
Re: EPL Chatroom - All Discussions by OkpaNsukkaisBae(m): 8:14am On Aug 31, 2023 |
in the award of government contract, French companies will be considered first even when you have other offers else where better than the French. Spits! 2 Likes |
Re: EPL Chatroom - All Discussions by Ibime(m): 8:19am On Aug 31, 2023 |
Spy360: The YOU is Mali who have kicked out France over 2 years ago and still continuing to use their CFA which is keeping them in bondage. Stop talking about Thomas Sankara and other ancient of days. Mali current Government for the last 2 years have no dealings with France and are not controlled from France. They should exit CFA if it sure them say CFA na wickedness. BFaso is now one year free of France influence. I don't see their central bank preparing to go it solo with their own currency Niger expel France ambassador but won't dare think about expelling their CFA. Everybody hate France but love their CFA. Shey na jazz CFA dey use? 5 Likes 3 Shares |
Re: EPL Chatroom - All Discussions by iamoyindamola(m): 8:22am On Aug 31, 2023 |
So they can't get gandollar https://www.nairaland.com/7819278/ganduje-dollar-video-probe-kano Still they won't get Kano anti whatever https://www.nairaland.com/7823374/court-restrains-efcc-icpc-others I don't know the kind rich man enjoy poor man suffer law they practice in the north |
Re: EPL Chatroom - All Discussions by larride(m): 8:26am On Aug 31, 2023 |
afrodoc2: Same as the Targayen that marries from their family or from the family of Velaryon before the dance of the dragon. It was after the dance of the dragon where most of their dragon perished that they started marrying other powerful houses in Westeros like Dorne and Vale. |
Re: EPL Chatroom - All Discussions by GloriousGbola: 8:31am On Aug 31, 2023 |
Ibime: demagoguery let us see if the heroes of niger will throw out CFA they can also join BRICS 1 Like |
Re: EPL Chatroom - All Discussions by popizaino(m): 8:41am On Aug 31, 2023 |
Griffon: The French are too lenient and merciful. How i wish the British did something similar here in their colonies,at least we wouldn't be having men like Abacha,Babangida,kenyatta who became extremely wealthy just by been head of states. |
Re: EPL Chatroom - All Discussions by iamoyindamola(m): 8:45am On Aug 31, 2023 |
So Barca golden boy and Messi replacement will be going to Brighton on loan Omo them no write this script well oo 1 Like |
Re: EPL Chatroom - All Discussions by Amigoss: 8:49am On Aug 31, 2023 |
OkpaNsukkaisBae: West troll farm 1 Like |
Re: EPL Chatroom - All Discussions by iamoyindamola(m): 9:15am On Aug 31, 2023 |
Re: EPL Chatroom - All Discussions by monerozi5590: 9:16am On Aug 31, 2023 |
I prefer the west more than others but they are evil and no saint. Sometimes, we use history to predict the behaviour of countries/ people. France like exploiting countries. France asked Haiti to pay for their independence. True. In today's money, it is estimated to be in billions of dollars. Is regarded as the greatest heist in history. Go and look up what former France president did to Guinea. When they gained independent, De Gaulle still want them to be subordinate, they refused. The French packed their suitcase and destroy much of the infrastructure (wickedness). Guinea has stopped using CFA and they didn't die. Ebola slow down their economy but it has picked a little in the past years. The real question should be why are CFA member countries require to deposit at least 50 percent of their foreign exchange reserves in a special account in french treasury? Is it because of the 0.75 percent interest they give them for their deposit . Your guess is as good as mine. 2 Likes 1 Share |
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