obaaderemi:
Inflation rate in new Zealand is 1.2%. South Africa's is 6%. Are you this daft?!!!!!!!
New Zealand can afford to do that. It will boost their economy. On the other hand, same medicine would make South Africa sicker. You are so daft.

BeforeJuly:

Where do you get this monopoly info you've littered the whole thread with?

Cement? Sugar? Salt?
Do you know how much salt in Nigeria is?

obaaderemi:
Yours is not perverse when you steal foreign aid meant for your starving people?

rvp2018:
So the story has changed to it can be done if inflation is 1.2%? It very funny when an obtuse Obabaon refer to his teacher in less than flattering terms. Where is your manners?

QE is a tool that exists in the toolbox of South Africans to deal with domestic debt. I really doubt RSA have inflation of 6% - that would kenya.

rvp2018:
I think you've earned the world corruption tag - just like you were recently crowned the poverty capital. We are no competition. These are well-deserved honors and we salute you.

rvp2018:
Until we see Ghana Airways flying - shut up. Every country has an airport and foreign airlines. Few countries can hack what Kenya has done. Our Airline has never gone down...since inception. A rarity in the most brutal of business. We cannot allow it to go down because we have built an industry around it and well - We are THE PRIDE OF AFRICA.

obaaderemi:
Dangote did not disable anybody. He is a big employer of labour and a big producer of locally made products. Is he a capitalist? Yes. He maximizes profit and this makes him look like the bad guy.
But he is far better than your Indians who import all kinds of junks into Kenya and give you trade deficits.

AskiaHarem:


What are you talking about man everyone in South Africa is about to be Rich.

rvp2018:
Yet another ignorant Nigeria,

Quick Google Search - Just this week New Zeland as we speak is printing money to pay off debt. Countries nationalize their debt if it's domestic. That one way to ensure the economy doesn't sink

ANZ expects the Reserve Bank will increase the cap on quantitative easing to $90 billion in August, by earmarking up to another $30b for bond purchases.

The Reserve Bank increased the size of its quantitative easing (QE) programme from $33b to $60b last week in an effort to sooth financial markets.
https://www.stuff.co.nz/business/121546567/anz-tips-reserve-bank-to-lift-cap-on-quantitative-easing-to-90-billion

rvp2018:
Out of 200m nigerians - how many are under his payroll? You have allowed somebody to mint money selling SALT, SUGAR, CEMENT AND MAIZE FLOUR - and as we speak 10 nigerians are entering poverty every minute - and figure for extreme poverty is 100M - and for just normal poverty 150m!!

I mean by the time you're overtaking India

BeforeJuly:

but bro where Tf did you see an African economy mentioned?

does Africa have an economy as flexible as developed ones?

you're losing bro.

BeforeJuly:
but bro where Tf did you see an African economy mentioned?
does Africa have an economy as flexible as developed ones?
you're losing bro.

rvp2018:
So the story has changed to it can be done if inflation is 1.2%? It very funny when an obtuse Obabaon refer to his teacher in less than flattering terms. Where is your manners?

QE is a tool that exists in the toolbox of South Africans to deal with domestic debt. I really doubt RSA have inflation of 6% - that would kenya.

rvp2018:
South Africa for all-purpose and intent is not your typical economy. It's has a very well developed capital and debt market. Which is why most of it's debt is domestic.

Are you Nigerians daft by nature? or by choice.

BeforeJuly:
so you missed his post on the previous page?
Nigga he quoted you when he posted it!
you're hopeless.

obaaderemi:
Most of Nigeria's debt is also domestic. Oya!

obaaderemi:
How is that your problem. You should worry about the Indians owning your country while the rest of you watch from the garbage heaps of the slums.

rvp2018:
South Africa for all-purpose and intent is not your typical African economy. It's has a very well developed capital and debt market. Which is why most of it's debt is domestic.

Are you Nigerians daft by nature? or by choice.

If South Africa debt is mostly domestic - it can nationalize it - by simplifying printing rand - and getting out of it.

rvp2018:
And here is how Obasanjo created Dangote

A major beneficiary of the Obasanjo tax and duty waiver illegalities is the billionaire
businessman, Aliko Dangote and his Dangote Group of Companies. A Dangote
company report published in 2006 showed that at that time, the company controlled 81
percent of the Nigerian sugar market, 40 percent of the cement market, 33 percent of the
flour market, 54 percent of the pasta market and 72 percent of the salt market. “The
latest figure indicates that the Dangote Group still maintains the first position in each of
these commodities; now controlling about 93 per cent of the sugar market, 86 per cent
of cement, 73 per cent of flour, 74 per cent of pasta and 89 per cent of salt.”44 It was
therefore not surprising that in 2011, Dangote was listed as the richest man in Africa by
Forbes magazine. 45 The entwinement of political patronage and import duty waivers in
Nigeria is perhaps best brought out by this case. During the two presidential elections
that Obasanjo contested (1999 and 2003), Dangote donated N100 million and N250
million respectively to his campaign. Aside from the above, he also donated N211.6
million towards the construction of Obasanjo’s Presidential Library and cement worth
N3 billion towards the construction of the head office of the Obasanjo’s ruling Peoples
Democratic Party (PDP) all during Obasanjo’s tenure as President.46 Based on the
above, it was therefore not surprising that some of the companies in the Dangote Group
.

rvp2018:
You're like a jello that can't be pinned. So now you're also ready to mint your way out of debt. You are choking in external debt at time your revenues have halved or worse probably disappeared.

rvp2018:
South Africa for all-purpose and intent is not your typical African economy. It's has a very well developed capital and debt market. Which is why most of it's debt is domestic.

Are you Nigerians daft by nature? or by choice.

If South Africa debt is mostly domestic - it can nationalize it - by simplifying printing rand - and getting out of it.

obaaderemi:
His brothers will soon come and carry his punch drunk body away from here as usual.

obaaderemi:
You don't know that idiot. He lost it long ago.

obaaderemi:
His brothers will soon come and carry his punch drunk body away from here as usual.

kikuyu2:


SALT!? Ohhh, Naij, what the actual fcvk!?

BeforeJuly:

but you were the one advocating this as a way out of debt. just PRINT MONEY you said. PRINT ALL THE FÜCKIN NOTES!

there was no clause to your ' surefire debt solution '.

kikuyu2:


SALT!? Ohhh, Naij, what the actual fcvk!?

kikuyu2:


SALT!? Ohhh, Naij, what the actual fcvk!?