vaxx1:
Debt isn't a burden for the Americans now at least not even for those who are alive now. if in anyway , America will be paying back, it will be in many years to come and at that time, the country will be doing well to fund his debt based on what the debt borrowed today will have produced for them. the country has a prudent management way better than China.

America goods are becoming luxury , it does not have the same focus with China, there will always be ready market for America goods as long as America remain in production line .

Look at ths man...the next big market for American goods is China. .an the same American goods are manufactured in China. .now you see how dumb that scenario is...

pacretus:
your point has been demolished since, all you do now is rant,

And No, if US were to relax their migrant laws nothing much will change in number of tourists compared to UAE.

Again the reason you won't go to Nigeria is because.
1.her tourism industry is grossly underdeveloped.
2. If you ain't coming for business, I see no reason you should travel.
3. You have nothing more to say.

GBAM! That one know business. He's desperately waiting for another xenophobic attack so that he can use that opportunity to loot more foreigners goods

The Cedi is still one of the most valuable currencies on the continent

No one trust your currency

rvp20182:
Currency stability is everything. If Naira start behaving like Zim dollar..your reserves will be wiped out in a day. The trick is market sentiment and to have central bank acting like it knows what it's doing. Any run on Naira...you're like Africa poster child for bad currency...CEDIS and KWACHA.

This is now the game for central bankers...those that panic...will see their forex wiped out in a newyork minute....and the decline to barter trade so fast. Naira will be as worthless as Zim rand or dollar or kwacha.

Nigeria has a laughable sovereign fund of 1.something billion dollars
https://www.swfinstitute.org/profile/598cdaa60124e9fd2d05b968

Kazikazi:
Yah,she was born in SA,but was raised in TZ.She spent a lot of time in Tanzania. She is not wholly a SAns.But thabo has a TZ passport,that makes him a Tanzanian

She went there as a teenager, how does that equal to being raised there when she's just 24?

Carmit:

First S.A.'an that is in agreement with me on sho madjozi.

On her music? I honestly think it's crap.

Shma:
you mean this Nairobi ..

You mean this Lagos

Anybody successfully who passed their good for nothing country is a TZ. You have to understand how colorless and underachieving TZ is. Arguably the laziest people on planet earth.

XhosaNostra:


She went there as a teenager, how does that equal to being raised there when she's just 24?

Kazikazi:
Yah,she was born in SA,but was raised in TZ.She spent a lot of time in Tanzania. She is not wholly a SAns.But thabo has a TZ passport,that makes him a Tanzanian

Unxilile wena, I'm sure.

XhosaNostra:


She went there as a teenager, how does that equal to being raised there when she's just 24?

Hi nostra....just ignore the Swahili guy they even stole swahili from us...we the real swahilis

Bird-eye view please...we don't need to see the roundabout.

Problemkid1:
You mean this Lagos

TayserMahrii:


A mall is a large retail complex containing a variety of stores and often restaurants and other business establishments housed in a series of connected or adjacent buildings or in a single large building.

Show me Tinapa with all that? WHy does nobody except the notorious wiki recognize it as a mall? Rentable space is not same as stores, restaurants and businesses in operation.

It doesn't change the fact that it is bigger than the biggest mall in Kenya.

mtisTheQubit:

Hi nostra....just ignore the Swahili guy they even stole swahili from us...we the real swahilis

Ai these people are something else. Smh.

Since when.. before Zimbwabwe..Ghana and Zambia...were the hyperinflation champions.CEDIS is dropping every year like crazy...from 1:1 to dollar a few years ago..now it's 20bob to a dollar.

Just40:
The Cedi is still one of the most valuable currencies on the continent

No one trust your currency

rvp20182:
Nigeria cannot save money when they are borrowing. Are you born daft or just daft. Forex reserves are not Soverign Wealth like Saudis, Norwegians and Chinese have.

With the depreciation of Naira - Nigeria external debt becomes a HUGE mountain. Only US are smiling here because they can print the dollars

Nigeria has already saved money to last them 4 years

Kenya does not have a cent.

Nigeria debt is smaller to their economic size and if they want, they can mop up tax revenue

Kenya does not have that opportunity as kenyatta have already taxed you guys to oblivion to pay his debt.

Even the US is not smiling as their banks goes into distress because of the oil market

Shma:
okay, let's see

Ok

Just40:
the 500 billion will only last them 4 years at most

an even that, they have to cut down on a lot of their expenses, doing that alone will cause the Saudi people to revolt.

the Russian reserve can last them 10 good years.
Saudi Arabia produce oil at the same cost as Russia.

The problem for Saudi is, They pegged their currency to the dollar so they cant cause their production cost to fall like Russia.

According to calculations by Reuters, the lifting cost per barrel of oil equivalent of Russia’s largest oil producer, state-controlled Rosneft, is now lower than the costs of Saudi Arabia’s oil giant Aramco. And this is due to the falling ruble against the dollar. On the other hand, Saudi Arabia’s currency, the riyal, is pegged to the dollar at a fixed exchange rate, so the dollar costs for Saudi Aramco are the same before and after the oil price collapse and the collapse of the OPEC+ coalition.

Last year, the average lifting cost in dollars per barrel of oil equivalent of Rosneft was $3.10. This compared to a $2.80 cost per barrel for Saudi Aramco, as per company financials cited by Reuters.

I actually don't think Russia can win such war , Much of their production is on difficult to access land, their swampy in summer and frozen in winter. Shutting in their wells risks having them freeze up, and in that case only redrilling is the probable fix. which will cost additional money


The fact available from aramco suggest Saudi Arabia is making profit in this war season which I largelly doubt for Russia .

forgiveness:



It doesn't change the fact that it is bigger than the biggest mall in Kenya.

OK man let's forget about buildings an discuss other stuff...like how to grow a beard. ..you think it's cool or what

show us how much Nigeria has saved? I found 1.5B dollars from selling all that oil. That will be whipped out in single forex trading window. Their forex reserves is how many months of imports?

Forex reserve before this crisis peak was already dropping
Nigeria’s external reserves recorded a decline o f $2.3bn from $38.59bn to $36.22bn within a two-month period, covering January 1 and March 5 this year.

Naira devaluation coming
https://www.bloomberg.com/news/articles/2020-03-09/oil-dive-may-force-nigeria-to-devalue-naira-as-reserves-dwindle

Just40:
Nigeria has already saved money to last them 4 years

Kenya does not have a cent.

Nigeria debt is smaller to their economic size and if they want, they can mop up tax revenue

Kenya does not have that opportunity as kenyatta have already taxed you guys to oblivion to pay his debt.

Even the US is not smiling as their banks goes into distress because of the oil market

XhosaNostra:



Ai these people are something else. Smh.

But seriously am enjoying kaz rant on you guys...at least he forgot about us for a while. .he not even posting kilimanjaro. .am happy

jln115:

But admire that so called Nigerian number plate anyway

I am.attempted to admire that plate number but then you know what to do to get my admiration for that plate number.....till then we are stucked with admiring that beautiful sedan car.....

Just40:
The Chinese have overtake the US in the production of most high tech goods

Debt is bad for everyone even for those who print the money.

THESE new debts only bring the US economic collapse closer than it were.

yes but not in luxury goods . America still produce the leading luxury goods of the world. debt isn't necessarily bad for anyone particularly if the debt are used for what will financed itself in the future . remember all debt owned by Americans are in dollars not yuan or pounds sterling . meaning , America can decide to print more money and pay it out by fixing the taxes on his wealthy population thereby maintaining a stable inflation

America economy going into halt is something that is far from happening. probably not in our time .

mtisTheQubit:

But seriously am enjoying kaz rant on you guys...at least he forgot about us for a while. .he not even posting kilimanjaro. .am happy

Looooool. He'll be back on Kenya's case like acne on a teen's face

rvp20182:
Bird-eye view please...we don't need to see the roundabout.

Show us something like that. Show us aerial view of your nairobi. Let's see how planned and clean it is just like Lagos. Stop showing us stupid buildings.

Show us something like this. You can see the roads, just like Los Angeles

mtisTheQubit:

Look at ths man...the next big market for American goods is China. .an the same American goods are manufactured in China. .now you see how dumb that scenario is...

Your brain is paining you. Do you know US consumer market is larger than China’s despite having significantly fewer people. . therefore America big market remain America itself before any other nation

rvp20182:
Since when.. before Zimbwabwe..Ghana and Zambia...were the hyperinflation champions.CEDIS is dropping every year like crazy...from 1:1 to dollar a few years ago..now it's 20bob to a dollar.

Since forever

when we pegged our Cedi to the dollar

we were import dependent and running a trade deficit so it was good for us

Today we have a trade surplus and produce mot of what we consume letting our Cedi fall is more logical.

The Cedi will continue to have more value than the ksh for as long as possible.

XhosaNostra:



Looooool. He'll be back on Kenya's case like acne on a teen's face

we know but ths round we ready for him...we just gonna say nice stuff about magufuli aka John beer an all will be well

Just40:
Since forever

when we pegged our Cedi to the dollar

we were import dependent and running a trade deficit so it was good for us

Today we have a trade surplus and produce mot of what we consume letting our Cedi fall is more logical.

The Cedi will continue to have more value than the ksh for as long as possible.

the Coronavirus has really exposed the over valued kenya shilling . it is now falling like a 80 years old woman breast.... cedis has remain resilient despite the epidemic. best performing currency in Africa early this year according to Bloomberg.

vaxx1:
Your brain is paining you. Do you know US consumer market is larger than China’s despite having significantly fewer people. . therefore America big market remain America itself before any other nation

What am saying is that China is becoming a big market for American goods...look at iPhone. .look at tesla...chinese are becoming wealthy..

By the way my brain is ok

mtisTheQubit:

we know but ths round we ready for him...we just gonna say nice stuff about magufuli aka John beer an all will be well

Hahaha. Over to you guys, you have the patience. He's already giving me Corona symptoms with this jibber jabber.

XhosaNostra:


Hahaha. Over to you guys, you have the patience. He's already giving me Corona symptoms with this jibber jabber.

You know he might be your neighbour ...he is a kwere

mtisTheQubit:

You know he might be your neighbour ...he is a kwere

Not in my neck of the woods, thank goodness. I believe he said he's somewhere in Jozi, inducing migraines since the time of arrival, no doubt