Even Nigeria Gets It

Nigeria gets it. So why not our distinguished Princeton/MIT/Harvard edumacated PeeEichDees?

• NIGERIA'S SANUSI: ECB, US QUANTITATIVE EASING DRIVING OIL PRICE
• NIGERIA'S SANUSI: THREAT OF HOT MONEY FROM QUANTITATIVE EASING

We give our own Politburo intelligentisa at least 3-4 years before they grasp what is now painfully obvious even in Africa.

Comments

[bank guy in Brussels]

Pop hit by the Nigerian who several years back became a star by his ultimate classic song about the 419 scams:

'I go chop your dollar!' by Uzodinma Okpechi, hilarious:

"I go take your money disappear ... just a game ... You are the loser ... I am the winner!"

Complete with dancing girls -

http://www.youtube.com/watch?v=f1nKR3gYRY8

[LULZBank]

Haha.. Brilliant!

Seems like Ben Bernanke's lullaby.

[dlmaniac]

LOL @ "Bernanke's lullaby"

I guess after years of "Nigeria general" they can recognize a scam when they see one.

[Precious]

... America going blind because US politicians have chronic affluence syndrome.

[sunaJ]

Real quick answer to why PhDs do not get it:

They are inculated in a dead system, but think they have it all figured out.  They are dead men walking, the zombies of our age, incapable or uncaring to innovate out of that system.  After all, what are the consequences to them personally if the system fails?  To this point, there have been no consequences for being wrong.  Money on the way up, money on the way down. 

[Precious]

They are nothing more than wrote products of credentialism where academic and professional rewards are highest for group think in support of the status quo.

[Hedgetard55]

In other words, worker bees in the global bankster hive.

[thatthingcanfly]

I'm sure you meant, "rote."

[Precious]

Thank you.

[killallthefiat]

"I go chop your dollar" replacing "gold bitchez" and references to "M@#$F@#$% Global Muppets" as top ZH post in 3...2...1...

[thatthingcanfly]

You didn't chop that.

[paulypaul]

'Chop' means spend in this context. 

Indeed they would spend your monay as you wait for the check to arrive..

[GetZeeGold]

Here's the deal....I've got a rich cousin that has a fortune in Nigeria, but we can't get it out until we pay a fee.

Can you help a brother out? I'll totally make it worth your while!

[LULZBank]

Cant beat the one where they needed funds to bring back the Nigerian Astronauts, stranded in space, back to Earth.

[GetZeeGold]

Before Neil Armstrong walked on the moon.....the Nigerians had already been there.

But alas.....it cost so much they couldn't afford a good press secretary.

Hence the edited paraphrase. That's one small step for man.....not a big deal for the Nigerians.

[Winston Churchill]

When the scammers ask for the fee to be paid in gold we will know its rock bottom.

[hedgeless_horseman]

This Forbes contributor got it last year.

Fed exports inflation, stokes revolutions

Who is responsible for the commodity and food inflation? Chairman Ben Bernanke denies that it is the Fed.

....

So, let’s not fool ourselves. The unrest in the Middle East has a lot to do with food and commodity prices, and Fed QE policies may have a lot to do with those prices. Here is how the “Excess Liquidity Theorem” works:

• The Fed lowers interest rates to 0% and embarks upon QE;
• Institutions and investors, holding the “excess” liquidity, look for and find higher yields in emerging and other “opportunity” markets;
• That capital inflow fuels those economies and drives up the demand for resources and commodity inputs;
• Speculation in commodities adds to the demand and prices continue to rise;
• The emerging economies have two choices – they can peg their currencies to the Dollar (like China) to protect their export markets and suffer inflation in their economies, or they can try to neutralize the Dollar inflows via higher interest rates, thus slowing their own expansions and, perhaps, impacting their employment levels.

[bigkahuna]

The fed has been jerking the whole world's chain for a very long time - but now, they've opened a can of whoop-ass.

[mewenz]

actually think bern. gets it, just thinks it's an unfortunate side effect to his primary mission to protect the big banks.  Will be interesting to see if the strange sudden drops begin to happen more often in the oil market, as Fed / Gov may not be able to help themselves from eliminating market pricing from another market

[Dr. Engali]

Our beloved fed president doesn't get it because we don't count food, energy, and those things we need to survive in our inflation calculations. We include things like houses,flat screen tv's, and iPads.....you know those things you buy on a daily basis.

[Kalevi]

USA is not Ugan... sorry, Nigeria!

[GetZeeGold]

Good catch Amigo.......that would have been embarrassing.

Adios!

[Cognitive Dissonance]

And right on que Africa (with South America soon to follow) are squawking about the obvious efforts by the US to export inflation.

<If we keep this up the entire world will be (even more) pissed off at us. Better that we fight inflate them over there than deal with our own inflation over here.>

[Dr. Engali]

But I thought our dear leader was going to make us loved throughout the world?

[Bokkenrijder]

Wel, if there's one thing Nigerians are good in then it's scams, corruption and pyramid schemes, so of course they're the first ones to see through all this nonsense.

[mayhem_korner]

The U.S. propagandists see through it as well...knowing the truth is the most critical element of executing the campaign of lies and misdirections fed to the masses.

[krispkritter]

I know right. The email letters I've been getting from there over the last six months have been asking me to send gold and silver, not FRN's, to free up my 'inheritance'...

[Doode]

Clearly there are not enough articles about it - need more of the same. Ohh wait - isn't that what is causing the problem?

[gwar5]

Everybody gets it except the bitter clingers of Keynesian mysticism.

[darteaus]

Oh, our PhDs get it just fine.  They:

1)  Think you are too stupid to realize you are getting jacked, and/or

2)  Know you can't do anything about it even if you did know, and/or

3)  Are too scared for their careers or lives if the point it out.

[LongSoupLine]

So why not our distinguished Princeton/MIT/Harvard edumacated PeeEichDees?

Tyler,

The error in your thought process is assuming they "don't get it".  They do get it...however, their intent is not what they say to the public.  Their intent is to support the banks.  Period.

[mayhem_korner]

Of course they get it...they cannot orchestrate elaborate lies and misdirections without knowing the truth.

[1835jackson]

Fucking cowards. This world is getting what's coming to it.

[yogibear]

Bernanke, Evans and the rest of the Fed doves are too high on their horse to recognize the damage their doing.

Print to infinity, until a loss of confidence in the US dollar occurs. That's when the real fun for the Ferderal Reserve banksters begin.

It's Zambabwe economics or bust.

[Bartanist]

Good people cannot envision how evil people think. Therefore they assume that the evil people are simply stupid and not evil.

[mayhem_korner]

"good" people are those who suppress and constrain their innately evil desires; "good" people can envision the thinking behind evil plans, they just can't envision the execution.

[Jason T]

Hot money?  There is a point when these foreigners will say " we don't want the Ben confetti from Washington"

[Sudden Debt]

WILL NEVER HAPPEN!!!!!

everybody takes a crap a day and needs to wipe his/her ass with something.

[Central Wanker]

The outcome of this is sooooooo clear.

[backhandtopspin...]

they have not been properly educated

[dwayne elizando]

Berskanke gets it. He knows exactly what he's unleashing.

[mayhem_korner]

Y'know...he just might be one of those who is too smart to actually get it.  Narcissists can convince themselves of their own rhetoric if they consume it day and night...

[walcott]

USA is NAZI GERMANY BY DECREE and SUBMISSION.

You're all a bunch of pussies you wanted this perfect nanny police state and you got it.

[vato poco]

Ok, tough guy. Explain to the class how you boldly went all Carl Drega and took on The Man and kicked his ass, why don't you. And I don't mean the usual "I got off the grid!" candyass bullshit. Climbing into a hole and hiding like a little bitch is what pussies do. Enlighten us.

[Inthemix96]

Sayin something if the Nigerians can spot a major scam?

These fuckers invented the "scam".

Just sayin like

[pcrs]

If you think that Harvard guys don't get it, the problem is that you do not get it. It's not ignorance that is a problem, it is that them robbing you through money printing is not a problem of comprehension. 

[Gimp]

When the experts can smell a "scam" we are in trouble...

More cowbells.

http://www.youtube.com/watch?v=fZOHY7Z5eaQ&list=LP8099qsfg0QE&index=1&feature=plcp

[Mattress Money]

Everyone is saying the one thing Nigerians are good at is frauds, and corruptions. The ironic thing is the English, and Americans taught Nigerians. These entrepreneurs swindled Nigerians out of their natural resources such as gold, diamonds, oil. Americans even deceived Nigerians out their lineages. So please don’t act if Nigerians are the only cons. Caucasians etc, have scammed the world repetitively, and are committing the biggest scam known to man right now as I type this period. 

[Mattress Money]

Everyone is saying the one thing Nigerians are good at is frauds, and corruptions. The ironic thing is the English, and Americans taught Nigerians. These entrepreneurs swindled Nigerians out of their natural resources such as gold, diamonds, oil. Americans even deceived Nigerians out their lineages. So please don’t act if Nigerians are the only cons. Caucasians etc, have scammed the world repetitively, and are committing the biggest scam known to man right now as I type this period. 

[vato poco]

Fuck you and your weak-ass little "rayciss" whine.

[Freegolder]

Is it just me, or is there a whiff of racism in this post. Why shouldn't 'Africa' get it? Just because they have had a couple of hyperinflations, does ZH think they are still financial incompetents? Is Nigeria any less likely to get it than the Germans, just because ....of where they are in the world?

[Mitzibitzi]

I agree. But.. the only reason the Nigerians are whining about it is because they clearly see they're getting stuck with the bill. And after all, it's the job of the Nigerian government to rape and pillage the Nigerian people, not that of some bloody foreigner!

[vato poco]

Clearly you two have never actually *been to * africa - all you know is what Teacher instructed you to think.

[Kalevi]

It's not racism, just everyday American arrogance towards less"developed" nations and individuals.

I don't think Tyler ment anything bad with his "even" but all of us who are not American take notice.

Anyway, Nigerians are screwed way better by their own overlords to care what Tyler thinks or writes. 

[AnAnonymous]

'American' reporting. Style of.

[Darkness]

WHO LET THE DOGS OUT? 

[TWSceptic]

Aparently countries need to be reminded of the evils of money printing once in a while by going through a crisis caused by it. Germany had its hyperinflation and learned their lesson, Zimbabwe reminded the African continent, perhaps the US will remind the whole world when the shit hits the fan.

[AnAnonymous]

'American' servants to the middle class know it.

The conclusion is they have no other alternative than keeping the same policies in order to try and protect the 'american' middle class.