Thursday, 5 January 2017

MMM: CBN to Harness Leasons learnt from MMM- Opinion
Image result for images of cbn governor                                           
Image result for mmm imagesPaper money or fiat currency is still the greatest innovation conceived by man. Imagine Nigeria being some type of human zoo of sort that still trades by barter. If we import loads of Apple’s iPhone 7, how many truckloads of cattle will northern Nigeria exchange or barrels of oil will southern Nigeria exchange for their own share of the iPhone imports? When Toyota or Apple labours to innovate that next big trailblazer, it is because they know if it succeeds, they can easily recoup their money.
Fast forward to 2016, assume the naira exchanges officially for N300 to a US dollar (it is 304 as I write this). Therefore, if N3 equals 1 US cents, the naira in your pocket is devalued by 99.7 per cent to a dollar (complete devaluation is 100 per cent). Fellow countrymen and women, you can see that your naira is finished! That is why experts say the fastest and easiest way to decimate any country is to destroy her currency. Any rational citizen should ask how we got ourselves into this mess.
Well, such a person should not look too far. We live in a country where serious technical issues are approached with commonsense. Folks like Ben Murray Bruce who champion this ideology in a way insult the sensibilities of Nigerians. Commonsense protagonists have solutions to every problem even in what they have no training. You see, the white man believes for any serious development, there must be painstaking RESEARCH. No, not commonsense! No wonder they call it RESEARCH and DEVELOPMENT, not commonsense and development because any serious endeavour demands a methodological approach to its solutions. Sony does this, General Electric does this, the US and the Swedish governments just to name a few, all do this. Back to why the naira in your pocket is not worth more than the sand under your feet, it is simple: Our institutions and government do not engage in any serious thinking and despise folks that do.
The CBN has an R/D department that has tried to do some good work most times publishing reports that indict its Board, which should shock any serious government. But why should the CBN governor, Aso Rock or the National Assembly care? Candidly, these folks are busy feathering their nests while looking for a 1 plus 1 answer. In some of the reports, it says the CBN monetary policy is DEAD pointblank! (see page 40 here ). Ponder why our banks pay licence fee of N25bn only to be selling recharge cards through short codes displacing the petty trader by the street corner and going into online market hubs in order to kill off the likes of Konga and Jumia? While you are there looking for a 1 plus 1 answer, banks collect 30 per cent interest from loans to pay you 0 per cent monthly interest on your own savings.
 In a recession year, most banks financial year profits have bettered 2015 performance; some have even gone on to dole out bonuses to staff. Tell me where else in the world can you see this?
You have a bank governor who has thousand units of shares in a regulated bank; although in cases like this, they will tell you it is with a trust. I usually tell my friends if Julian Assange of Wikileaks should hack the CBN mails, the racket there should make anyone spew. Other board members are simply there because they retired as finance directors from the Nigerian National Petroleum Corporation, so you see that how to collect oil dollar inflow is utmost for these people than the value of your naira. Then, below the management board are silver spoon kids that sojourned back with a finance degree for which SaharaReporters unearthed the last recruitment scam and Aso Rock saw as normal.
Should we even bother about them? It was a former State governor during a Save Nigeria Group event in 2013 that aptly summed it up that, “We the elites send our kids for studies abroad to come back as misfits”. In a place like the UK, the Bank of England interviewed candidates for the plum job and Mark Carney, a Canadian, came out best and pronto, he was appointed governor. It beats a rational mind why these Nigerian silver spoon kids cannot fit into such societies but wait to get home for daddy to desecrate public institutions. If a professor friend that consults for the CBN can confess that he still mixes up the causes with types of inflation, one wonders why Ibe Kachikwu or Atiku Abubakar’s children should care if inflation is galloping at more than 10 per cent per annum.
The Securities and Exchange Commission and the Nigerian Deposit Insurance Company (places populated by quota system/nepotism) have come out to say they did their bid in ADVISING Nigerians about MMM and bought media spaces to lament how 30 per cent is a Ponzi scheme. These quota system folks are not educated enough to know that anywhere there is a circular flow of funds so far there is ample LIQUIDITY, money has a multiplier effect. Little wonder why money generated by monetary authorities (and indeed even by a system like MMM) is called high-powered money. It is needless to debate that in fact, it is loans that create deposits not vice versa. You can now see why money is man’s greatest invention!
Enough of the digression! Currently, the CBN and other failed Nigerian institutions have come out to lambast Nigerians for failing to heed their advice. What these recession gatekeepers do not know is that already sound central banks in progressive climes have all reduced money supply due to the seasonality effect from festive periods due to high money velocity in order to maintain inflation rates of less than three per cent. Even with that, if you analyse their data, you still find seasonality trends in MMM money supply. The MMM was right to have paused its payout accounts but to the contrary, our CBN is busy pumping worthless naira into the system. As you read this, inflation has gone up again in the last quarter and mind you, sustained inflation is an all-round monetary phenomenon (or problem).
Millions of Nigerians in the MMM community need not harbour any fear over of a lack of liquidity by January when the system comes on as planned. Even if there is a lack of liquidity in the Nigerian platform, the MMM can still credit account holders with Bitcoin from other countries. Is it not even better to dump the naira for the finance minister and the CBN governor of depression (of course, expect a negative GDP this quarter) and diversify your portfolio to Bitcoin and then for the US greenback. The advent of digital money has enough safeguards to make for a robust MMM system. Pressing the panic button can crash even the best of financial systems but this is a needless self-destruct route. The great John Maynard Keynes called it the ‘Herd effect’. I implore Nigerians to ignore their failed institutions.

Wednesday, 4 January 2017

Why the world hates the Jews


19 SEPTEMBER 2016 USA Jewish Torah at Bar Mitzvah




Many of the bitter controversies in every corner of the globe inevitably raise the same ancient question: why does the world hate the Jews?
Whether it’s the angry international reaction to Israel’s efforts to defend itself in Lebanon, or Mel Gibson’s drunken rant in Malibu, the age-old specter of anti-Semitism refuses to disappear. With only 13 million Jews in the world – less than one fourth of one percent of the earth’s population – why does this tiny group inspire such bitter, widespread and often violent animosity?
The answer is obvious to anyone who monitors anti-Semitic propaganda from all its multifarious sources. People who express hatred, resentment or fear regarding the Jews almost always focus on charges of Jewish arrogance, elitism, aggressiveness and lust for power. According to the classic logic of anti-Semites everywhere, Jews deserve harsher treatment than anyone else because they work harder than anyone else to enshrine their own superior status. This argument suggests that the only way to answer constant Jewish demands for special treatment and privilege is to impose special limitations and restrictions on their instinctive will to dominate. According to such logic, the rest of the world must work together to cut Jews down to size; only then will they function on the same plane as everyone else. As Hutton Gibson (Holocaust-denying father of the scandal-tarnished star, Mel) revealingly declared to interviewer Steve Feuerstein: “I don’t know what the Jewish agenda is except that it’s all about control. They’re after one world religion and one world government.”
This central, primeval charge that arrogant Jews seek global dominance originates from three distinct historical factors:
1- The emphasis on the “Chosen People” concept in the Bible
2- The prominence and prosperity of Jews in most nations in which they’ve established significant communities, and
3- The startling successes of the State of Israel in the mere 60 years of its existence.
These circumstances sometimes perplex even people of good will and therefore deserve deeper consideration and explanation.
I. CHOSEN PEOPLE CONCEPT
While it’s true that the Bible speaks repeatedly of a special relationship between God and the Jews, anti-Semitic agitators have always misunderstood or distorted the essential nature of that connection. According to Scripture, the Jews have been chosen for distinct responsibilities, not for unique privileges: we accept special obligations, rather than claiming special power. In Jewish tradition, non-Jews are expected to follow just seven commandments—the Noahide laws of basic morality. According to mainstream Torah teaching, gentiles who follow these rules (don’t murder, don’t steal, don’t commit gross sexual immorality, and so forth) should be judged as righteous and assumed to earn their share in the World to Come (the afterlife). God, however, expects his covenantal people to apply far more numerous and stringent commandments to their behavior – 613 commandments, to be exact – regarding everything from food, to business ethics, marital relations, and Sabbath observance.
The concept of chosen-ness, in other words, involves a significant burden rather than privileged status —a burden reflected in the common phrase, “Ohl Malchus Shamayim” or “The Yoke of the Kingdom of Heaven,” to describe the commitment of every Jew who accepts the covenant of Abraham. Moreover, Jews remain more a “choosing people” than a “chosen people” because so many non-Jews over the centuries (and particularly in recent years) have selected Jewish identity and converted to our faith. In the US, nearly 10% of today’s Jewish population of 5.2 million counts as converts to Judaism. Though we don’t emphasize proselytizing efforts in the style of Evangelical Christians, many of the leaders of the Jewish people (including hugely significant rabbis in nearly every era for the last 2000 years) have been “Jews by Choice” --- those who weren’t born Jewish, but chose to join our people through an ancient, well-established process of conversion.
Finally, the whole idea of the “Chosen People” has never brought the assumption that God selected us for unusual political, military or even economic authority. The Bible suggests that the Jews will be “a nation of priests and a holy nation” --- not some sort of all-conquering superpower within the Middle East or the world at large. Our tradition has always defined Jewish power as spiritual, rather than practical and worldly. No Jewish leader, going all the way back to Moses and Abraham, has ever suggested that our people should dominate the world and control other nations. The Bible specifies relatively modest borders for the Holy Land, and repeatedly mentions the much larger, far more formidable empires to the south (Egypt) and to the East (Babylonia, Assyria, Persia). Even during the glory days of ancient Israel under David and Solomon the Jewish state never achieved full control of that promised territory—let alone a world-girdling empire. At that time, as with Israel today, the Jewish people sought only to live unmolested within the confines of their own cherished land, each man “beneath his own vine and own fig tree.”
II. JEWISH PROMINENCE AND SUCCESS IN THE LANDS OF THE DIASPORA
Vector illustration of star of David (symbol of Israel)
No one can deny that Jews in the United States and in many other nations recently have achieved surprising levels of prosperity and influence but any talk of Jewish “dominance” or “control” in those societies remains the province of neo-Nazi propagandists. There is no significant industry or arena of endeavor – no, not one--in any nation in the world (outside of Israel) in which Jews outnumber or rule over non-Jews. Even the famous Jewish command of Hollywood is an ignorant myth concerning an increasingly international industry in which the prominence of influential Jews has actually decreased in the last seventy years. Most of the pioneering movie studios founded and owned by immigrant Jewish families have either gone out of the movie production business altogether (M-G-M) or else sold out to strikingly non-Jewish corporations (Columbia to the Japanese Sony Corporation, and 20th Century Fox to an Australian descendant of Presbyterian clergy, Rupert Murdoch). The two largest entertainment conglomerates in the world boast board chairmen who are African-American (Richard Parsons at Time Warner) and Arab American (George Mitchell at Disney) neither of whom are remotely Jewish. The yearly lists of Hollywood’s most influential power players, as identified by Premiere Magazine and other sources, regularly show that close to one-fourth of the movers-and-shakers are Jews—a disproportionate showing, to be sure, but hardly an indication of Jewish dominance. Similarly, the Fortune 500 list of the nation’s largest corporations features a top ten ranking that includes three oil companies with strong Arab ties and no affection whatever for Israel, as well as a car company (Ford) founded by one of history’s most outspoken anti-Semites, and a retailer run by conservative Christians from Arkansas (Wal-Mart)—but not a single corporation that was founded, run, or owned by Jews. Among the top 100, at most six (including Home Depot, Goldman Sachs and Lehman Brothers) could classify in any way as “Jewish companies.” With these incontrovertible facts easy to verify for anyone with access to the internet or a library, it becomes even more difficult to explain the persistent, pernicious and utterly false belief that Jews “own” or “control” most of the world’s banks, newspapers, media companies and other important instiutions. Part of the confusion involves appalling lies and misinformation: many callers to my radio show somehow believe that the Rockefellers are Jewish (they were actually German Christians who arrived in Philadelphia in 1723) or that the Rothschild family—a favorite target of anti-Semites for more than 200 years-- still dominates world banking (the family’s power actually peaked in the Napoleonic era and their influence on the global economy today is either invisible or non-existent).
There is also a tendency on the part of paranoid anti-Semites to search out a few Jewish names even in areas in which Jews play minor roles in order to triumphantly affirm the myth of “Jewish control.” Consider the case of the Bush administration and the frequent, laughably absurd charge that it’s somehow dominated by Jewish “neo-conservatives” who forced the President to make war on Iraq for the sake of Israel. In truth, Jews remained conspicuously absent from positions of authority during the first Bush term: for the first time in more than 65 years (since the Presidency of FDR!) the President’s Cabinet (15 department heads in all) included not a single Jew. The true believers in a Neo-Con cabal invariably cite just two names who held sub-cabinet posts (Paul Wolfowitz, Deputy Secretary of Defense and Douglas Feith, Under Secretary of Defense for Policy) and a single civilian advisor to the Defense Department (Richard Perle, of the Defense Policy Board) who doesn’t even count as an administration employee. The anti-Semites focus on these names not because of their importance (anyone who believes that Wolfowitz and Feith secretly controlled their imperious, tough-as-nails boss, Don Rumsfeld, knows nothing about Rummy) but because they happen to be Jewish. Similarly, conspiracists like to blame Jews in the Senate for pushing us into war with Iraq, while ignoring the fact that a bare majority of the eleven Jewish Senators at the time (including such fierce anti-war advocates as Russ Feingold and Barbara Boxer) actually voted against the resolution authorizing war –at a time when nearly 80% of their gentile colleagues lined up on the other side to support the President in deposing Saddam Hussein.
To me, one of the most mystifying aspects of the stubborn belief in Jewish influence and power is the notion that our fractious, deeply divided, largely disaffiliated people somehow manages to get together to exert that authority. I’m a Jewish radio talk show host, and so is the appalling (and unfunny) Al Franken of Air America. We agree on nothing, and we’ve both managed to survive several very angry, bitter, public confrontations. Do Jew-haters believe that behind the scenes we receive the same secret memos from Jewish Conspiracy Central, or else get together in dank, shadowy rooms to study the one-hundred-year-old hoax, “The Protocols of the Elders of Zion”? Less than half of the U.S. Jewish population (alas!) gives to any Jewish charity, or holds membership in any synagogue, Temple, pro-Israel lobbying group, B’nai B’rith lodge, or other Jewish organization.
In this context, the almost mystical, profoundly illogical belief in “Jewish power” based on our over-representation among accountants and dentists amounts to more than a delusion; it is, in fact, a sickness.
III: ISRAEL’S SUCCESS – AND ALLEGEDLY “EXPANSIONIST” AND “IMPERIALIST” NATURE
In order to credit Islamist denunciations of an “Israeli Empire,” or worry that the perennially embattled Jewish state might indeed count as uniquely aggressive and power hungry, one must remain incurably ignorant not only of contemporary history but of rudimentary geography. The merest glance at a map reveals the incontrovertible fact that Israel remains, in every sense, a tiny nation. Egypt alone – representing only one of Israel’s twenty hostile Arab neighbors—is more than 48 times the land area of Israel. Adding together only the various Arab nations (without including other vast Islamic homelands like Iran and Afghanistan and Pakistan), the Arabs control well over 300 times the area of the New Jersey-sized Jewish state. In other words, even before President Mahmoud Ahmadinejad of Iran succeeds (God forbid) in his plan to “wipe Israel from the map,” 99.7% of the Arab lands are already free of Jews.
Moreover, for nearly thirty years, Israel has been shrinking and retreating – not expanding – hardly the behavior of an aggressive empire bent on world domination. After capturing the Sinai Peninsula, Gaza and the West Bank in a defensive war in 1967, Israel returned the vast Sinai to Egypt in 1978, agreed to the establishment of a Palestinian State on most of the West Bank and Gaza in 1993, vacated its security zone in Lebanon in 2000, abandoned Gaza entirely in 2005 and, under the current Prime Minister, committed to moving out of nearly all territory in the West Bank in the near future. In retrospect, some of these moves look like horrible policy mistakes, but they unequivocally indicate that there is no basis at all to suggest that Israeli aggression accounts for contemporary anti-Semitism.
The establishment of the modern Jewish state wasn’t a cause of Jew hatred, but a response to Jew hatred—not only in Europe, but throughout the Islamic world where some 800,000 Middle Eastern and North African Jews were driven from their ancient communities and found new homes in Israel. None of Israel’s eight major wars has been about a Jewish lust for new territory. All of them have been about a beleaguered nation’s ceaseless attempts to make its citizens secure from murderous attack in the distinctly limited area of their ancestral homeland. Every Arab child in Lebanon, in Gaza, and in the West Bank could sleep sweet, undisturbed slumber as soon as tomorrow night if the adults once-and-for-all gave up their long-standing project of driving the Jews out of the Middle East.
Contrary to anti-Semitic presumptions, Israel has never demanded special privileges of any kind, but yearns (and bleeds) only for the same rights other nations enjoy: to live undisturbed beside its neighbors without unceasing attack by terrorists, militias and, occasionally, major armies. Montenegro, the newest member of the family of nations after a referendum this year, won independence and worldwide recognition despite the fact that more than 45% of the electorate opposed bringing the nation into existence, and only a bare majority claims Montenegran (as opposed to Serbian) nationality. More than 80% of the residents of Israel are Jewish, and they have fought tenaciously for their nationhood for nearly sixty years. The desire for peaceful borders and acceptance from fanatical neighbors hardly amounts to an Israeli demand of privileged status, but the refusal to grant that recognition reflects the classical attitude of the anti-Semite: that Jews indeed deserve different treatment from all other nations on earth but in a negative, hostile and, ultimately murderous sense.
In conclusion, none of the three obsessive fears of Jew haters—the “Chosen People” concept, Jewish prosperity in the Diaspora, and Israel’s success (so far) in nation-building and self-defense –demonstrates in any way a push for world conquest or superior standing for the children of Abraham. How, then, can we understand the imperishable belief that Jews function as an arrogant, imperious, overbearing people? In a few words, that resentment stems in truth from the age-old Jewish refusal to abandon our separate identity, our irreducible distinctiveness through the millennia. My friends Dennis Prager and Joseph Telushkin provide the most compelling exposition on this dynamic in their invaluable book, Why the Jews?, recently reissued.
In any event, the logic becomes most accessible when considered in personal, intimate terms. If a small group among your neighbors refuses invitations to worship in your churches and mosques, to eat the food you prepare in your homes, to marry your daughters, to embrace your nationalisms, or to share your enthusiasm for the ultimate, universally applicable perfection of your Egyptian, Greek, Roman, Byzantine, Catholic, Islamic, Nazi or Communist worldview, then it’s all but certain you will resent the members of that stubborn group – and assume that they exclude themselves from elements of your society due to an innate, obnoxious sense of superiority.
For Jews who try to remain faithful to the old covenant, there’s no choice about the unyielding refusal to assimilate and disappear—and no surprise at the angry reaction in much of the world. After all, the Bible repeatedly predicts that response. This realization doesn’t make it any easier to cope with anti-Semitism, but it does make the eternal hatred comprehensible. No matter how inconvenient or unpopular, we get our marching orders from the commandments--including the crucial and celebrated injunction to choose life, for ourselves and our people.

Tuesday, 27 December 2016

Reasons Most Ladies remain single- opinion

interview outfit idea striped top pants blazer memorandum
It has been discovered that there are many single ladies in the society. Most of these ladies are mature women who have all it takes to be happily married or in a committed relationship.

To be candid, it is disturbing seeing smart, curvy, beautiful and savvy ladies who are single. This often makes one wonder if the men are either too blind to notice these women or there is something wrong with the ladies themselves.
We have carefully thought of some of the reasons why many of the ladies in the society are single and unmarried. We have also gone on to conduct a research in order to know why this is so and what could be responsible for it.
Find below some of the reasons why there are so many single Nigerian ladies in our society:
1. The parents' factor
We honestly cannot help looking at the reasons why many of our ladies are not married without considering the roles played by their parents.
Some of the elders in the society have led their children astray by pampering them. Most men avoid these spoilt girls because they are obviously not good for marriage. They will rather enjoy their company when it is time to visit clubs and flex.

2. Being too selective
There is no way we will not have lots of single ladies in the society if they refuse to be humble. The ladies we have now are not ready to take nonsense.
They have set standards they expect the men to meet before they can marry them. They expect them to be rich, handsome, famous, sexually oriented and physically endowed. Men on the other hand want women who are calm enough to support them as they move on in life.
They want women who understand the meaning of humble beginnings and would do anything to see that they become successful.
3. Some ladies portray themselves as being independent
Another reason why some ladies are still single is that they do not make marriage a priority. They lay more importance on their aims and goals in life.
They place their career before any other thing. Men are egoistic by nature; the moment they notice a woman has little or no regard for them, they will dump her.
No man wants to be play the second fiddle in a woman's life when he has the chance of being made a king in another woman's life.
Madeleine Blazer in Caramel

4. Lack of respect
There is no way some Nigerian ladies will get hitched if they keep being proud. Men love being with women who respect them and value their opinion.
The reason why there are many single ladies in the society is because most of the men try measuring up to men. They prove they are right always and the men know nothing. These ladies are difficult to manage and the men feel frustrated trying to put them in order.
They make the men feel useless as they always find ways of proving they do not need them. The concerned ladies here take on the issue of gender equality with passion.
5. The men around are players
If you really want to understand why many of these ladies are single, you will have to understand the system.
This is the 21st century where men have gotten used to picking up ladies on the streets and sleeping with them the next minute.
This is the era where marriage has lost its value and men prefer getting everything a holy matrimony offers outside the clause.
Men basically want to explore and have as many women as possible, they also do not mind babies showing up occasionally.
6. Sentiments
Some of our ladies are not ready to let go of the memories of the past. Heartbreaks could be severe but nevertheless, life goes on.
There is no point brooding over a man that has long moved on with his life. Nigerian ladies despite moving on keep treating every man they meet like the exes who messed them up.
This is ridiculous; not every man has a strong threshold to take in things like that. They will rather go for younger girls with cleaner slates.
7. Many of these girls are wild
The girls being raised in this generation are wild. They are used to dating more than two men at a time and find it really difficult sticking to one man.
The phrase 'for better for worse' is something they know they will never be able to stick to. They are materialistic and enjoy the lifestyle that comes with being promiscuous.
The fact that they always want everything in a pack make them lose out on the one person that could have taken them as they are.

8. Family pressure
Some of the young men that ought to marry these ladies have fled because of the pressure mounted on them by the ladies.
Many of these young men want to date the women for a while before proposing marriage while the ladies expect them to come bearing rings. One cannot blame the ladies really, the kind of verbal abuse they take from their loved ones often make them exert more pressure on the men.
Some parents also make their daughters make the wrong choices by pushing them in the wrong direction. They make them become conscious of the things they ought not to consider while choosing life partners.