Just30:
That is why you have an authoritarian society that brings nothing.
Yeah you remove them by allowing them to build a dynasty.



free spirit people cannot be tamed

That is why, none of your presidents will ever reach the standard of any Ghanaian president.

So now you agree on the following:
1. Ghana was a one party state
2. Nkrumah made it so
3. Because he was mad
4. Ghanaians subjugated the constitution to overthrow a mad man
5. Ghanaians literally undressed their founding father and exposed his naked blokos to the world
6. Till this day the curse of the man has never left Gh
7. History keeps repeating itself
8. It all began with chief Nana Baidoo Bonso

Just30:


yeah, he really made Ghanaian women beautiful
Beautiful to do anything in the world, including beauty pageants globally

So long as Ghanaian beauties understand that melanin was never meant for beauty but for practical sunscreen purposes

forgiveness:


You are talking about the old fashioned track gauge.

Man, the world has moved to SGR.

bro SGR have been in use since 1845? It's not anything new or special... It's simply the width of the track

TayserMahrii:


Wont take your bait bro

not today

Not bait simply stating its a very samorobo type of response after losing an argument.....at least counter with actual facts......

Just30:
sorry
dont have time to teach you demand and supply economics

I was the one to teach you this bro. Tomorrow. But the lesson begins now so that you have sth to digest in your sleep. The demand for the dollar has been low in these coronaviral times. The Cedi has been having a field day in this low demand environment because its the only thing being demanded in Ghana, hence gaining value, and driving Ghanaian citizens mad with joy.

TayserMahrii:


Mombasa is a classic name dude. Very popular
But Nigerian cities have the craziest sounding names from Maiduguri to Umuahia, Ikot Ekpene, Abakaliki (hapakaliki ), Osogbo, Ogbomosho, Okponu etc. You guys are truly mad

They're even better you can also check the names of you towns like. Nakuru, kisumu, Kikuyu, thika, Nyeri, kakamega, naivasha, Nyahuhuru, Garrisa, Nayuki, machakos, malindi- maigindi names like all the truck pushers. You guys are useless

jln115:
you are just as ret@rded as Amenhotetzuid!!

You're just as useless as Amenhotetzuid!!

samorobo:


The former is smart while the latter is just as dumb as you...enjoy the mess you created..

now now, no need to be sensitive ..... As you can see AmenhotepZoid is back posting normally again, he was simply trolling..... Thedarkside on the other hand has been posting stup1d sh1t since he joined nairaland.

Also how can a person claiming that he didn't know the difference between proforce and Ara, be calling other people dumb?

jln115:

Not bait simply stating its a very samorobo type of response after losing an argument.....at least counter with actual facts......

Glad you know the type of peeps who make those kind of responses. Unfortunately I think they have dragged all of us low that even smart guys are using such cheap shots. You were making nasty exchanges uncharacteristic of you just few threads back You were always afraid of heights but not any more I guess....

PS: I said bait because I know your signature style when you want to start an endless argument

Problemkid1:
You're just as useless as Amenhotetzuid!!

When you figured out why I called him Nigerian, even though I knew he wasn't let me know

Btw he was trolling at least, you are literally just fvcking stup1d

TayserMahrii:


Glad you know the type of peeps who make those kind of responses. Unfortunately I think they have dragged all of us low that even smart guys are using such cheap shots. You were making nasty exchanges uncharacteristic of you just few threads back You were always afraid of heights but not any more I guess....

PS: I said bait because I know your signature style when you want to start an endless argument

I was yes, won't deny it just had to face my fear of heights.....

Anyway I explained in one of my posts why I was doing it.... Simply having fun by trolling a trol.
, and it worked btw he is now back posting normally again according to his own words

Problemkid1:
They're even better you can also check the names of you towns like. Nakuru, kisumu, Kikuyu, thika, Nyeri, kakamega, naivasha, Nyahuhuru, Garrisa, Nayuki, machakos, malindi- maigindi names like all the truck pushers. You guys are useless

Not anywhere close to the madness I shared, the likes of Ogbomosho!! REally? Buahahaha
Umuahia sounds like where Uzuoho comes from

Ikot Ekpene sounds like a slang name for sth naughty like p8ssy
Maiduguri almost like made in uguri

jln115:

When you figured out why I called him Nigerian, even though I knew he wasn't let me know

Btw he was trolling at least, you are literally just fvcking stup1d

After you first tagged him as a Nigerian you never realized your stupidity. It's later on you found out that you are more stupid than. Stupid motherfvcker.

jln115:

I was yes, won't deny it just had to face my fear of heights.....

Anyway I explained in one of my posts why I was doing it.... Simply having fun by trolling a trol.
, and it worked btw he is now back posting normally again according to his own words

Wasnt so bad I guess Thought someone hacked your acct

Problemkid1:
After you first tagged him as a Nigerian you never realized your stupidity. It's later on you found out that you are more stupid than. Stupid motherfvcker.

jeez bro revisit my fvcking previous posts and you will see why I called him Nigerian, I explained it perfectly!! I knew he was South African.

Now stop embarrassing yourself and move on child!!

TayserMahrii:


Wasnt so bad I guess Thought someone hacked your acct

naahhh just me going full ret@rd

TayserMahrii:


Not anywhere close to the madness I shared, the likes of Ogbomosho!! REally? Buahahaha
Umuahia sounds like where Uzuoho comes from

Ikot Ekpene sounds like a slang name for sth naughty like p8ssy
Maiduguri almost like made in uguri

You call these names better

thika, Nyeri, kakamega, naivasha, Nyahuhuru, Garrisa, Nayuki, machakos, malindi- maigindi Nakuru sounds like a mad bird that drank changaa most especially malindi- maigindi. sounds like someone selling p0ssy in Kenya now I know why your women are selling out their pussies for $1

jln115:
naahhh just me going full ret@rd

Lol, if that was going full retard what will we call samorob's insanity?

Problemkid1:
You call these names better

thika, Nyeri, kakamega, naivasha, Nyahuhuru, Garrisa, Nayuki, machakos, malindi- maigindi Nakuru sounds like a mad bird that drank changaa most especially malindi- maigindi. sounds like someone selling p0ssy in Kenya now I know why your women are selling out their pussies for $1

All those names sound normal None of them comes close to O G B O M O S H O

I can be given a million $$ to say the person who gave that name wasnt mad and I wouldnt say it

It even begins with OG, just to show how badass it is

TayserMahrii:


All those names sound normal None of them comes close to O G B O M O S H O

I can be given a million $$ to say the person who gave that name wasnt mad and I wouldnt say it

It even begins with OG, just to show how badass it is

None sound normal. All sound stupid and mad to bear

jln115:
jeez bro revisit my fvcking previous posts and you will see why I called him Nigerian, I explained it perfectly!! I knew he was South African.

Now stop embarrassing yourself and move on child!!

Are you mad? You were calling him Nigerian scammers before you later apologize. You're just plain fvcking stupid!!

Just30:
sorry kiddo

i don't do kid pampering when i don't have time.

First off, Bob schooled in Ghana

Since you got that lil fact wrong, you're not worth my lil time.
Since you are bored, go trade your black and white nonsense argument with your other SAns

TayserMahrii:



I was the one to teach you this bro. Tomorrow. But the lesson begins now so that you have sth to digest in your sleep. The demand for the dollar has been low in these coronaviral times. The Cedi has been having a field day in this low demand environment because its the only thing being demanded in Ghana, hence gaining value, and driving Ghanaian citizens mad with joy.

Ghanaian producers are not made with joy and neither are citizens because a stronger face value at this point will only make goods produced here more expensive. Hence, import becomes more attractive

Stronger face value for the Cedi without growth in salaries only make citizens more poorer.
Economies like Ghana, that are becoming more self-reliant and all essential demands are being produced locally
a weaker exchange rate to the dollar is a blessing.

It is great news for us that oil prices are dropping, by the end of the week, oil might be at 25 or 30 dollars.

is that why the world does not find Kenyan women beautiful enough or its because of their mountainous forehead?

TayserMahrii:


So long as Ghanaian beauties understand that melanin was never meant for beauty but for practical sunscreen purposes

whatever makes you sleep at night kiddo

you're still yet to produce someone greater than Nkrumah.

Kenya is still yet to break the authoritarian system created by kenyatta that has led to a dynasty for kenya

No authoritarian society that creates timid people ever succeed
maybe that is why you guys remain poor despite being around markets.

TayserMahrii:


So now you agree on the following:
1. Ghana was a one party state
2. Nkrumah made it so
3. Because he was mad
4. Ghanaians subjugated the constitution to overthrow a mad man
5. Ghanaians literally undressed their founding father and exposed his naked blokos to the world
6. Till this day the curse of the man has never left Gh
7. History keeps repeating itself
8. It all began with chief Nana Baidoo Bonso

TayserMahrii:



I was the one to teach you this bro. Tomorrow. But the lesson begins now so that you have sth to digest in your sleep. The demand for the dollar has been low in these coronaviral times. The Cedi has been having a field day in this low demand environment because its the only thing being demanded in Ghana, hence gaining value, and driving Ghanaian citizens mad with joy.

TODAY RUSSIA IS DOING THIS TO THE REST OF THE WORLD
and Saudi Arabia is panicking


In fact, I’d argue that it is the single most powerful word in any language.

In the midst of the worst market meltdown in a dozen years which has at its source problems within global dollar-funding markets, Russia found itself in the position to exercise the Power of No.

Multiple overlapping crises are happening worldwide right now and they all interlock into a fabric of chaos.

Between political instability in Europe, presidential primary shenanigans in the U.S., coronavirus creating mass hysteria and Turkey’s military adventurism in Syria, the eastern Mediterranean and Libya, markets are finally calling the bluff of central bankers who have been propping up asset prices for years.

But, at its core, the current crisis stems from the simple truth that those prices around the world are vastly overvalued.

Western government and central bank policies have used the power of the dollar to push the world to this state.

And that state is, at best, meta-stable.

But when this number of shits get this freaking real, well… meeting the fan was inevitable.

And all it took to push a correction into a full-scale panic was the Russians saying, “No.”

The reality has been evident in the commodity markets for months. Copper and other industrial metals have all been in slumps while equity markets zoomed higher.

But it was oil that was the most confounding of all.

Most of 2019 we saw oil prices behaving oddly as events occurred with regularity to push prices higher but ultimately see them fall.

Since peaking after the killing of Iranian General Qassem Soleimani oil prices have been a one-way trade. Down.



Our inept leaders are trying to blame coronavirus as the proximate cause for all of the market’s jitters.

But that masks the truth. The problems have been there for months, pushed to the back burner by incessant Fed intervention in the dollar-funding markets.

The 2008 financial crisis was never dealt with, just papered over.

The repo crisis of last September never ended, it’s still there.

And it reappeared with ferocity this week as people sold dollars and bought U.S. treasuries pushing U.S. yields on the long end of the curve to absurd levels.

Credit markets are melting down. Stock markets are the tail, credit markets are the dog. And this dog was run over by a bus.

The Fed intervenes to keep short term interest rates from rising to preserve the fiction it is still in control.

The market wants higher rates for short-term access to dollars.

The Fed tried to help by cutting rates by 0.5% but all that did was tell people the Fed was as scared as they were. The selling resumed and gold bounced back to it’s recent high near $1690, only to be swatted down on the New York open this morning.

That didn’t work either.



OOPS!

And into this mess OPEC tried to save itself by asking for a historic production cut.

OPEC needs this cut to remain relevant. The cartel is dying. It’s been dying for years, kept on life support by Russia’s willingness to trade favors to achieve other geostrategic goals.

I’ve said before that OPEC production cuts are not bullish for oil just like rate cuts are not inflationary during crisis periods.

But finally Russia said No. And they didn’t equivocate. They told everyone they are prepared for lower oil prices.

The panic was palpable in the reporting on the meeting.

“Regarding cuts in production, given today’s decision, from April 1, no one — neither OPEC countries nor OPEC+ countries — are obliged to lower production,” he told reporters after the meeting.

OPEC’s Secretary General Mohammed Barkindo said the meeting had been adjourned, although consultations would continue.

“At the end of the day, it was the general, painful decision of the joint conference to adjourn the meeting,” he told reporters.

Earlier, Oanda analyst Edward Moya had suggested that a failure to reach an agreement could spell the end of OPEC+.

“No-deal OPEC+ means the three-year experiment is over. OPEC+ is dead. The Saudis are all-in on stabling oil prices and they may need to do something extraordinary,” he said.

There comes a point where negotiating with your adversaries ends, where someone finally says, “Enough.” Russia has been attacked mercilessly by the West for the crime of being Russia.

And I’ve documented nearly every twist and turn of how they have skillfully buttressed their position waiting for the right moment to get maximum return to reverse the tables on their tormentors.

And, to me, this was that perfect moment for them to finally say “No,” to get maximum effect.

When dealing with a more-powerful enemy you have to target where they are most vulnerable to inflict the most damage.

For the West that place is in the financial markets.

Remember, the first basic fact of economics. Prices are set at the margin. The only price that matters is the last one recorded.

That price sets the cost for the next unit of that good, in this case a barrel of oil, up for sale.

In a world of cartelized markets the world over, where prices are set by external actors, it is easy to forget that in the real economy (regardless of your political persuasion) the world is an auction and everything is up for bid.

High bid wins.

So, the most important geostrategic question is, “Who produces the marginal barrel of oil?”

For more than three years now, President Trump has supported his policy of Energy Dominance in a Quixotic quest for the U.S. to become that supplier. Trillions of dollars have been spent on building up domestic production to their current, unsustainable levels.

This policy pre-dates Trump, certainly, but he has been its most ardent pursuer of it, sanctioning and embargoing everyone he can to keep them off the bid.

What he could never do, however, was push Russia off that bid.

The reason U.S. production rates are unsustainable is because their costs are higher per barrel than the marginal price especially when all other prices are deflating. Simple, straightforward economics.

If they were, on balance, profitable then the industry as a whole would not have burned through a few hundred billion in free cash flow over the past decade.

That’s where the Russians’ power comes from. Russia is one of the lowest cost producers in the world. Even after paying their taxes to the government their costs are far lower, close to $20 per barrel break-even point, than anyone else in the world when one factors in external costs.

When you don’t owe anyone anything you are free to tell them, “No.”

Sure, the Saudis produce at similar cash costs to the Russians but once you factor in its budgetary needs, the numbers aren’t even close as they need something closer to $85 per barrel.

They can’t tell their people, “No,” you have to do without. Because the populous will revolt.

Russia can ride out, if not thrive, in this low price regime because :

the ruble floats to absorb price shocks in dollars.

A majority of their oil is now sold in non-dollar currencies – rubles, yuan, euros, etc. – to lessen their exposure to capital outflows

the major oil firms have little dollar-denominated debt

low extraction costs.

its primary governmental budget ebbs and flows with oil prices.

All of this adds up to Russia holding the whip hand over the global market for oil.

The ability to say, “No.”

And they will have it for years to come as U.S. production implodes. Because they can and do produce the marginal barrel of oil.

That is why oil prices plunged as much as 10% into today’s close on the news they would not cut production.

There is a cascade lurking beneath this market. There is a lot of bank and pension fund exposure in the U.S. to what is now soon-to-be non-performing fracking debt.

Liquidations will begin in earnest later this year.

But the market is handicapping this now.

I cannot overstate how important and far-reaching this move by Russia is. If they don’t make a deal here they can break OPEC. If they do make a deal it will come with strings that ensure pressure is lifted in other areas of stress for them.

The knock-on effects of oil plunging from $70 per barrel to $45 over two months will be felt for months, if not years.

And it is no shock to me that Russia held their water here. If they didn’t, I would have been surprised.

This was Putin’s opportunity to finally strike back at Russia’s tormentors and inflict real pain for their unscrupulous behavior in places like Iran, Iraq, Syria, Ukraine, Yemen, Venezuela and Afghanistan.

He is now in a position to extract maximum concessions from the U.S. and the OPEC nations who are supporting U.S. belligerence against Russia’s allies in China, Iran and Syria.

We saw the beginnings of this in his dealings with Turkish President Erdogan in Moscow, extracting a ceasefire agreement that was nothing short of a Turkish surrender.

Erdogan asked to be saved from his own stupidity and Russia said, “No.”

This condition of producing the marginal barrel of oil in a deflationary world places Russia in the driver’s seat to drive U.S. foreign policy behavior in an election year.

Talk about meddling in our elections!

The Achilles’ heel of the U.S. empire is the debt. The dollar has been its greatest weapon and it is still king. And it is a weapon with a great deal of power but wielded only against the U.S.’s allies, not Russia.

Markets will adjust and calm down in a few days. The panic will subside. But it will come back soon enough in a more virulent form. Today is a replay of 2007-08 but this time Russia is far better prepared to fight back.

And when that happens, I suspect it won’t be the Saudis or the Turks that come running to Russia to save them, but the U.S. and Europe.

At which point, I have to wonder if Putin will channel his inner Rorschach.

* * *

Just30:
whatever makes you sleep at night kiddo

you're still yet to produce someone greater than Nkrumah.

Kenya is still yet to break the authoritarian system created by kenyatta that has led to a dynasty for kenya

No authoritarian society that creates timid people ever succeed
maybe that is why you guys remain poor despite being around markets.

There's no Kenyan dead or alive that's greater than Kwame Nkrumah!! . Not the thieving Moi and Kenyattas .that Natasha Maria just has a habit of not respecting greatness and culture.... See him making fun of name of places in Nigeria...
A compound mumu... Na wetin him be...

TayserMahrii:


Mombasa is a classic name dude. Very popular
But Nigerian cities have the craziest sounding names from Maiduguri to Umuahia, Ikot Ekpene, Abakaliki (hapakaliki ), Osogbo, Ogbomosho, Okponu etc. You guys are truly mad

Those were witches shrines and kingdoms during the 18th century

Now,Shma or shame.... You started with "I will do it,Yen Yen" .... I'm still waiting for....
Post 10 pictures from different areas(districts,CBDs, etc) other than those Westlands and Upper Hill pics we have bee seeing.... Prove that Nairobi isn't a city of tiny CBDs and many slums...

Don't be a pansy like your fellow countrymen ....

Danielnino00:


U have done no such thing. It's just upper hill and westlands and that Mazie tower pictures we have been seeing here...
Like the pic u posted just recently,we have seen it over a hundred times...

Post pictures of different parts of Nairobi and label them.... I'm talking about different districts/areas/whatever not different pictures of one place from different angles...

This 2016 picture shows 80% of Nairobi. I need to see such aerial shoot of your city. We don't need to post all section of this.! Though there 're other section(upperhill and some iconic parts of westlands) which has not been captured here, I will try post them when I get time.

Shma:
This 2016 picture shows 80% of Nairobi. I need to see such aerial shoot of your city. We don't need to post all section of this.! Though there 're other section(upperhill and some iconic parts of westlands) which has not been captured here, I will try post them when I get time.

Lagos is not as tiny as nairobi...you can never captured 2/4 % of Lagos skyline in a single pics...it is impossible..

Stevoh18:


Those were witches shrines and kingdoms during the 18th century

Yawn..you bore matatu driver..