If their knowledge is insufficient, they will resort to deceit - Lao Tze
Economy as a word pronounced can be stylized in Yoruba as eko o nomi which means watery pap, funny as it defines symbolically the entirety of what Economics entails. As a pap that cannot be dissolved too much lest it become too watery, nor allowed to become turgid, Requiring just the right amount of firm and watery like the force of demand and supply constantly at play. To keep the balance and flow of the economy
There are certain rules that guide economic procedures in every country. And in Nigeria case, We are witnessing first hand the devolution of an economy, the fall of a giant, One we have no choice to but to watch. Hard as it is will be, with peak oil and the “elected” cacophony of mediocrity, it will be slow but will definitely happen.
After a while, there will always an economic reset, where the big boys reshuffle and topple others, New corporation replace the old ones, and life for us little men continue as before, albeit with subtle changes but this time Black Rock and Vanguard who are the major players Behemoth corporation that owns other corporations with the collective sum of Trillion of dollars have decided to take this little game of Monopoly a little too far.For economic reset isn’t one once is a lifetime event, it happens every 70 years, but we usually slug it out on the battlefield call it a World War, reduce our collective number, as the survivors get to enjoy the booty and spoils off the dead in the form of jobs, good healthcare and booms, until they give birth again to too many children pending the time for us to curl again, but the problem this time is that those in the hierarchy are more sadistic than their predecessors and want to see in play- the proverbial rat in a bucket. The intend to teach us a lesson so that this time as a species, we will suffer so much, the psychological effect will leave trail in our DNA's warning our offspring genetically about the morals of moderation.
Instead of giving us the dignity of a war, they want us to die slowly and learn lesson the hard way none of us will ever dreaming of having 5 children again, a silent war in which no will survive this unscathed. Putin at least gave the Russians and Ukrainians a slugging it out somewhere and fighting for a “cause” thereby reducing their numbers in their own hunger game. But the rest of us, are going to see the end of our mettle, we will watch ourselves become animals in the chase of mere sustenance in the biblical suffering that is set to befall us.
Can Nigeria come back from this?,is it the end?, Have the Nigerian tensility become overstretched. The people, ignorant and still subject to the Mohawk Valley Formula using Premiership, Celebrity distractions and BB Naija. Great efforts are expended to distract them from what is going on, Using ethnic differences to atomize and segregate us, so that we don’t see our collective damnation, creating the buy, restless and a hysteria as the way of life. Many of these axioms are drawn form J. Stiglitz Free Fall, Schumpeter, and the Zeitgeist Documentary so many of them are quite majorly repetitive, only highlighted with examples from our corner of the world
The first question that baffles me is Who invented money what a steal to take land labour and say take this coins as an equivalent what a steal, but with time Labour which is the only barter of the common man in the economy will be required less, as technology displaces and we reach the inevitable inundation of Capitalism. Big business are responsible for the high standard of living, but they are the cause of the undoing of capitalism. According to Schumpeter Capitalism will fail due to it success the majority due it respect the people only the majorly , what then happens to the man whose entire existence depends on labour that is not needed. Does he resort to Luddism or does he commit suicide?
The inundation will dip the point of utility and depreciation, Many corporation are stil deluded on the premise of infinite growth , Gen Zedders are going one of the richest and laziest generation majorly due to the efforts of their parents and millennial before them, There will be a general and global winding down, for there are only so many house that a a person can stay in. With the latest trend and tend towards achievement and personal entertainment the rate of child birth have slowed down globally as many prefer Masters Degrees to having children, so the inundation is incipient, coparation with foresight willhave no choice to slow down their production and reduce their work load, and invariably their workers..
The government feel they can borrow as much as they like knowing that.if they run into deficit or can’t payback, all they have to do is enforce higher taxes on the masses to get their money back, which is why Nigeria will never do a campaign against the curb of population because its pigs are cheap labour that dredges its economic sewers fund their tax bases largess highest the people will groan and they will surely adjust
Which is why countries like Canada and Kazakhstan are calling for Nigeria to do it’s manual labour Using the influx of immigrant is to stimulate it economy fill up it tax bases dredge it s economic sewers in the name of blue collar and health care worker, cheap labour in the form of another transatlantic slave trade. Imagine Kazakhstan whose capital is the surname of their past President, How low we have fallen, but with the general dilution of the currency, It is a mere lesson in futility.
The only way to stimulate the economy in a recession is to fund the SMES directly so that they employ labour which in turn stimulates consumption, rather than recapitalizing the banks but for that to happen, certain welfare must be done to give succor to the citizen unless they will clamp up and consume very little. Who are those with the real power?, they are the banks instead of assisting the SMEs They borrow money at a high interest rate. Even though on paper they don’t have that much, Knowing that as banks they merely use their equity as a capitalization and borrow heavily against it.
Land is an investment Bill Gates quietly removed his money from Tech and have bought 1.2 million acres of land. Housing however, is not an investment, cars are not investments, The government want you to spend the money , so that you don’t hoard it, by devaluing it right there in your bank accounts. Which is why the logical thing would be to focus on land banking but to the bare minimum of buying and Building parks on it, which might earn a certain fee when used for occasion and selling it away as when the places develops to get back the current value of your money back. Assets are never taxed, buy land, God is not making any more.
If it’s human, Recession will surely happen again
Oil prices spikes follow a recession people use less gas when they are unemployed, it’s a contraction headed for implosion, Peak oil happening with an uneducated masses means the population have to be reduced one way or the other. That is why Israel started their own hunger games with Palestine, and Russia with Ukraine only fools won’t see the convenient timing For the government believes why pay back the money we borrowed or give them tax rebates when you can just wipe them out by either using bio weapon, senseless wars, contrived pandemics or bio warfare (hunger) and when they are killed they leave the infrastructure behind
Because Average person will say, why not save the tax rebate, why should I stimulate an economy during a recession when the logical thing to do is to save, so the government increases expenditure to afford the stimulation by increasing expenditure it instrument of choice with a society run by fuel- Fuel. so the government have no choice but to increase it’s price and remove subsidy on it.
So the government's onus is to borrow and devalue the money so that the citizens work for half their labour cost, without ever knowing or leaving the matrix enforce the same policies as it was ,the same rule applies. Since all money is created out of debt, interest is charged on loans, the wage slave continues and procreates and pass on the debt and death to his son. Pay for borrowing by allowing the younger generation to consume more than they should by advertising to them constantly Binance and other cryptocurrency are all premised on the greater fool theory.
Nigeria is already bankrupt whether you believe it or not, The day they fail to pay our army that is the end for this country, Because our army is too large and men with guns dare not go hungry. Every damnation comes to an end but only through the loss of something substantial it happened in the 80s and we lost good food and drinks this time the loss will be our own very humanity, drug companies are folding up and leaving the country like it’s a joke, We will only tell tales of certain drugs to our sick children Healthcare never be for you health pay A larger than normal income reduces household spending but what can be done when there is a dilution of the fiat currency by the Saudis paying footballers ridiculous sum as weekly wage knowing that as footballers they are dumb and will spend it all on buying rubbish things and crazed consumption to systematically impoverish the world
They keep trying to recapitalize the bank so that they can lend using Peter to pay Paul when asked, the federal government posits that it was not subject to that kind of transparency what our is potential as long as their excess capacity they will invest in Dangote Refinery, Bill Gates being our economic hit man have come to check the viability of the refinery - which is sadly another sham with the makings of the Enron catastrophe
The Dangote bailout shows that government isn’t supposed to be involved in the creating of a private refinery, the govenrnment shouldn’t allow the Bank keeps to keep funneling loans into the creating an elusive refinery and while you claim to be too broke to pay salaries for a stagnated labour force, and this craziness can be allowed because it could be protected by Deposit Insurance, if you want the money back well, Tax the people
The economy want to encourage consumption so as to form irreversible time recession liquidity means dilution government paid gratuities and increase salaries in the same year to make labour salve valueless. The increase in our GDP which we tout as a “thing” only posit further worries with Unemployment, Health social economic gradient stressed, in crease in GDP s an increase in suffering, any time the GDP rises you are seeing the increase in necessity, people are buying what they ought not to or spending more on what shouldn’t be like medicines, foodstuffs, and other services, so this scarcity either real or contrived, scrambling and inefficiency consumerism and conditioning , self maximizing vehicles to create money, more tax for the government.
So also the collapse of business Incentive and finance they believe that inequality exist to motivate people and tax payers are never compensated for the hardship they bear during the economic crisis For every government there is only one source income and that is the tax, Pay for cheap labor so what do they do without tax Do they improve our lives or do they buy yachts? Capitalism is dog eat dog , take advantage of the other
The best government is that which governs the least, but the government doesn’t educate it s a business - Thoreau
To save stop consumption or slow it down oil absence of waste efficiency
Fiat Currency - cost efficiency cost of labour buying the exact same thing Chinese goods shrouded designed with technical obsolescence and planned obsolescence Nothing produce can be allowed to endure
The economy, you had rather glean life war is the continuation of business by other means
Way through saving in this economy is merely only a reduction in consumption is the only way to acquire wealth Business politics is never ending the always reactionary
Crisis doesn’t destroy assets, they can do a bio warfare on the citizen by creating hunger and listlessness so that they protest and are killed and leave behind the money in the bank and their infrastructure behind
land is the best economic bank study human behaviour and human consumption buy land, build parks on it an use it to tie money down Buy seeds and use it to store currency It boils down to stomach and mortality everything else is vain Go completely off grid, Solar panel and bicycles To the philosophy of moderation , a philosophy that have rules all worlds You only have 70 year don’t waste in on rubbish Making on currency cheaper to maker import less attractive beggar thy neighbour Since consumption is man made it can be traumatized and curbed.
Do not make a business on it only that model is gone , reset and dementia When the economy slums and people but recession the logical thing is they saving and government don’t want that they need consumption so as to stimulate the economy and also to get the much needed VAT To enforce consumption they install prepaid meter to get them addicted to electricity so that that can forcibly sell the energy By stimulating the economy everything is greed unto waste by increasing consumption light fuel for the economy there on your consumption when you literally eat and shit money out your pocket, so when Amoda said subsidy is gone, he knows he can’t reduces the price, for he needs that consumption.
Napoleon windmill and destruction of countries, and Lagos state’s demolition of Houses are symbolic of the demolition of the windmill in George Orwell's Animal farm just to get the “boxers” among us to work harder than before. They use it to engender this false sense of purpose which Weber describe as the Protestant ethic in the iron cage of capitalism, In which the corporation adopts avuncular roles, to protect man from himself, give him something to do so that if he works, and sleeps tiredly at night he will be saintly and go to heaven, destroy that which as been built so that they build it allover again. In an endless game of tetris. While they seek the tax as profits, they look for anything to get the horde working again, aimless restlessness rather than have them read and chasing higher callings.
Labour is the cause and true sense of value deviation of values from the capital good to the manpower poured into them exploitation was pant intrinsic of the capitalist system of the
The muscles of all labour constitute potential labour (inert stuff ) no difference between a wage contract and the purchase of a slave. Control of potential labour stimulates the wage as that is his worth, If the labourer gets full value for the labour potential.
But the bad side is that they can demand more hours, which ends up becoming surplus value for them in the form of Saturday work which is not stipulated in your wage contract. Or could be affixed subtly as any other work provided by my Line Manager. Surplus value of labour is gotten from the ratio between surplus value an variable wage capital. Why they advertise to him the best way to consumes his wage, rather than educate him on management so that they can enslave him still.
When a nation is filled with strife, then do patriots flourish -Lao Tze
Ethnocentrism and parochialism is at all time high in Nigeria, since man lean toward idolatry, the problem will most likely be the man with the differed tongue, stoked by government’s propaganda agents, the necessary distraction away from the collective damnation. Educate your population it is very important Borrow to finance their recovery programs and the palliatives are given because
They want consumption so that they can collect it back via taxation But the problem is that Nigeria as a country was living beyond it’s means, the population is triple the resource available. But due to the trauma of the subsidy removal, the first instinct of the people is to hoard what little cash is made available, so they implement the cashless policy to make transmute money into gaseous state, removing the sting of it’s weight, impoverishing,
Using strife and ethnocentrism to create the necessary distraction
A longer and broader term solution and vision, Could be the NPOWER programme, where teacher could be employed to teach for teaching 35 years and the employment of Social workers, a on a fixed salary of 60 thousands, posting them to local villages where the money is of use and educating them on the need for them to create SMEs where they are, A strict taxation on cars, Diversification of sports, and Improving of education can be better directed aims, than the specious defence that is merely an enterprise in signal warfare
Another solution would be creating a banking of assets, and using employee stewardship which focuses on it’s market efficiency as their primary targets.Assets for the business can be transferred to where seems feasible in a localized failure and the steward replaced Banks can buy out ailing business streamline the standard for the business and create employment for the horde of unemployed graduate and land of workers you pay them According to their hourly work rate they need purpose you need the profit the design of the financial sector on ever that would enslave its ability to meet social needs invent i gong the money to them that cause the problem. There is always a business in the improving of people;s life, it might as well be the only business
Banks should own coffee shops, viewing and sport centres, restaurants, malls and other sure fire business that ensure the consumption and flow of the currency especially in locals where the money could be hoarded due to a lack of such social activity , For instance Cocoa Farmers in Ondo are more than likely to invest more on building houses due to the narrowness of their knowledge than going to cinemas, or Sport centers The money lacks an incentive to spend it so why will it go If Banks invest in the social upgrade of Nigerian citizens, by creating and funding of their own SMEs they could get some inflow, and improve lives while doing so.
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