ECONOMY IS BAD; EVERYTHING IS BAD; PMB IS TOO SLOW.
That is a LIE. From Financial Times to The Economist; From CNBC toBloomberg Business the
News they want you to hear is that the Nigerian Economy is Bad, Manufacturing
is Low, CBN is wrongly Managing the Nigerian Naira, JP Morgan and Barclay's
Index are De-listing Nigeria. Blah-blah-blah-blah-blah. However, They will not
tell you that Global Economic growth has been Cut by up to 3.5% by the
Criminal World Bank and IMF particularly for Emerging Markets and Commodities
Countries; They will not tell you that they are forecasting a Global Recession
in 2016 (Capitalism is always in perpetual Crisis); They will not tell you that
100% of Developing countries problems are their fault with the support of
Internal Collaborators (In Both the Public and the Private Sectors).
What is their anger in today's Nigeria; That PMB has
refused to Devalue further. Devaluation pays only these Bad Samaritans in an
economy that is 90% dependent on Imports; it erodes the purchasing power of
ordinary Nigerians. It is better to stop devaluation of your currency and
introduce Support Measures as well as Manufacturing Subsidies for the Local
Producers and Manufacturers. The Bad Samaritans Hate it; but it is the best
option for Nigeria. Secondly; The Nigerian Capital Market is creating profits
without prosperity; All the Speculators that are shouting Bad Economy have most
of their money in the Capital Market; Where Trade decisions are Short Term and
High Yield; Capital Control is necessary to ensure that those Speculators are
put in check; almost all the Financial Crisis of the past two decades have been
caused by the Private Sector and particularly the Financial Markets; The
decision by PMB to ditch these International Financial Institutions advice on
Currency Management and Capital Control is Good for the Nigerian Economy, but
Bad for Speculators.
Thirdly, Capitalism and Corruption are Siamese Twins;
That PMB is Eliminating Loopholes, Restructuring NNPC is Bad Music to their
Ears. Once the Augean Stable is Cleaned and Cleared, Nigerian Loots will dry
up; Bad Business for Internal Economic Saboteurs and that will affect Their
External Economic Saboteurs.
THIS IS JUST THE BEGINNING; MORE IS COMING; PLEASE
READ...DON'T PRAY...READ
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