What is XARMAJO doing? Like seriously

[SouthSomaliDemond]

This man. Buffalo New York must got something different in the air. We catch a whiff of oil and boom just like that the international community cancels our debt. We can see how this will come back to bite us but it is a good thing as that 3 billion debt would be to much for Xamar and the discontinuous gobols could handle. So anyone in their right mind would start looking to liberate the remaining areas, squash differences wit Mamluks, develop areas under control, literally anything BESIDES TAKE ANOTHER LOAN FROM THE PREDATORY IMF. THIS MAN EITHER HAS 0 BRAINCELLS OR THE BANKERS REALLY CONTROL THE WORLD. Like wtf. Just some progress and know maybe our whole generation will be indebted to these niggas who don’t wash they ass.

 

[Ayubi]

Farmaajo has been losing a lot of fans lately. Honestly, this dumbass needs to resign, he has a lot of priorities misplaced and he’s proven to be an incompetent doqon.

 

[SouthSomaliDemond]

Farmaajo has been losing a lot of fans lately. Honestly, this dumbass needs to resign, he has a lot of priorities misplaced and he’s proven to be an incompetent doqon.

I think his intentions were pure but he’s a terrible player at this international game of chess. Can’t blame him siad barre was the same thing. They threw him away like a used condom after the Cold War ended

 

[Ras]

That debt forgiveness would end up bitting us in the ass in the future.

It's bankruptcy laws equivalent. Our companies would struggle to attract financing and our bonds wouldn't be worth the paper they're printed on.

3 billion divided by 15 million is just $200 per capita or even just $40 if paid of in 5 years.

3B is nothing and we had to f*ck our name up for it.

 

[Sheikh Kulkuli]

Here rumours that the central bank was up in flames.
seems like it was a deliberate attempt to burn books.

 

[SouthSomaliDemond]

That debt forgiveness would end up bitting us in the ass in the future.

It's bankruptcy laws equivalent. Our companies would struggle to attract financing and our bonds wouldn't be worth the paper they're printed on.

3 billion divided by 15 million is just $200 per capita or even just $40 if paid of in 5 years.

3B is nothing and we had to f*ck our name up for it.

This whole economic system is built to lose unless your willing to take on a whole lotta debt (which is haram for a reason). Islamic economics is the way to go in our system debt is growth there’s inflation every year and the only way to grow is to keep paying interest. Stuck in these boom bust cycles which America is due for soon wlhi

 

[Ras]

This whole economic system is built to lose unless your willing to take on a whole lotta debt (which is haram for a reason). Islamic economics is the way to go in our system debt is growth there’s inflation every year and the only way to grow is to keep paying interest. Stuck in these boom bust cycles which America is due for soon wlhi

All money is debt. It's the foundation of Fiat trading.

Even the Saudis are in debt so don't expect our future governments to stay holier than thou and avoid riba.

However now we're stuck with crappy rates until the end of time.

 

[SouthSomaliDemond]

All money is debt. It's the foundation of Fiat trading.

Even the Saudis are in debt so don't expect our future governments to stay holier than thou and avoid riba.

However now we're stuck with crappy rates until the end of time.

What if our currency was based on work though? Nazi Germnay would print money to pay government employees which was enough to also facilitate trade and small businesses throughout the country. We need something new cause in this system we are built to lose

 

[Ras]

What if our currency was based on work though? Nazi Germnay would print money to pay government employees which was enough to also facilitate trade and small businesses throughout the country. We need something new cause in this system we are built to lose

It ain't that simple but that would be a good start. However we'll need to be almost fully self sufficient for that.

Unfortunately you'll also need a competent government for that.

 

[Mr.Haggis]

And he wants another term.

 

[AarLibaax]

Jist of this thread

-Debt cancellation is bad for Somalia
-Central Bank fire was deliberate too burn books
-We should print our own money

 

[Sheikh Kulkuli]

Jist of this thread

-Debt cancellation is bad for Somalia
-Central Bank fire was deliberate too burn books
-We should print our own money

View attachment 91997

Why was the central bank up in flames? mise Central bank has a maqaxid.

 

[AarLibaax]

Why was the central bank up in flames? mise Central bank has a maqaxid.

I don't know, perhaps

 

[Sheikh Kulkuli]

I don't know, perhaps

Probably a rookie reer woqooyi chef trying to cook cambuulo.

 

[AarLibaax]

Probably a rookie reer woqooyi chef trying to cook cambuulo.

Cunsuri. com

But still perhaps, maybe

 

[SouthSomaliDemond]

Jist of this thread

-Debt cancellation is bad for Somalia
-Central Bank fire was deliberate too burn books
-We should print our own money

View attachment 91997

Debt cancellation is good for now but they are going to use it against us in the future, but they most likely already agreed to terms before the cancellation. And why shouldn’t we print our own money? Hormuud and Dahabshiil will control the money unless we dont

 

[SouthSomaliDemond]

It ain't that simple but that would be a good start. However we'll need to be almost fully self sufficient for that.

Unfortunately you'll also need a competent government for that.

Just curious how u kno so much about economics?

 

[Tukraq]

Somali will suck until we get competent leaders

 

[Ras]

Just curious how u kno so much about economics?

Don't know much but went through a phase where I wanted to know where money came from.

Got pissed when I found out until I started researching why it's set up like this.

The current fiat system isn't perfect but it's the most efficient we came up with so far.

 

[SouthSomaliDemond]

Don't know much but went through a phase where I wanted to know where money came from.

Got pissed when I found out until I started researching why it's set up like this.

The current fiat system isn't perfect but it's the most efficient we came up with so far.

Nazi germany might have come up with most efficient way. Unprecedented how quickly they grew and easily managed to handle the affairs of the states they occupied. Somalia should become self sufficient in agriculture and textiles then print our own money