Author thomas ramseyer
NIGERIA to CUT PEG of Bonny light to Brent.
Remedy
here is Nigerians' cutting the peg to brent oil - traded far off Nigeria - and trading bonny light solely as Bonny
light (NO peg/tag to Brent anymore)
Reason
Bonny
light has absolutly nothing to do with Brent - running out oil
upstreamed off shore Norway and the UK - but for the chemical
composition.
Nigerian Bonny light has never changed hands on a regular basis since the price spread to the disadvantage of brent has emerged - roughly two years
Bonny light oil contracts state oil being sold at Brent prices on delivery vs payment to prices then applicable. What a joke. Nobody will ever buy bonny again if and when traded at manipulated Brent Oil prices somewhere in the United States USD 10 to USD 20 above West Texas Intermediate (WTI).
Arabs - Saudi Arabia - desperatly need fresh cash to not get bust - Nigeria to quit OPEC
As
the Arabs desperatly are in the need of cashflow - Arab countries on
average are bust - e.g. Dubai was to become financially extinct after
2007 crash provoked by the US-American Federal Reserve System (Fed) upon
sharply augmenting the short term interest rates (fed funds) from some
1.5% to more than 4%.
All european countries followed because of
relative foreign exchange rate levels. Thus trying to keep foreign exchange
rates stable. Those CENTRAL bank activities were the trigger for starting
the depression. First mortgage backed securities caved in then all other Special Purpose Vehicles and other three letter poisonous papers.
Suggestions
1) remove peg of bonny light to brent
2)
trade bonny light at commodity boards of trade in NIGERIA, first oil,
all other world wide demanded resources as well. (there is at least one
material almost solely found in Nigeria)
3) Invent Steel cookers in the north.
4) Invent reorganized meat production in the north
5) emphasize vegetable production in the north
6)
train Nigerian people to use vegetables as nutrition (I know that
Nigerian Goodluck admin is able to roll out plans and task in a didactic
and dialectic very advanced taylor made way through television (see
rolling out of plan for developing Nigerian domestic economy providing
jobs, money, consumption, more jobs, founding of small businesses and
building infrastructure
7)
start programme as to attract northern hemispherians - small and middle
sized companies (3 to 250 employees) to start joint ventures with
Nigerians.
8)
As far as I know in Nigeria almost NO money at all has to be deposited
(in Switzerland prohibitively crowding out for tax reasons CHF 100'000
capital to start. Main reason for this policy also is the lobbying of
numerous banks and bankers so to empowered to controll small start-ups
because of credit facilities granted to the latters. Also they want to
have substantial stakes in shareholder capital, for eating the money
when going public.
Dumb
ignorant and greedy politicians are supporting such acitivities because
of their strong will to stay on seat. (sophisticated way of
blackmail/bribe combination). Other even dumber politicians follow them
for whatever weird reasons.
9) Force Carsellers from abroad such as Peugeot, VW, Ford, JAG, Tata to build
infrastructure and transfer knowledge, sciencs experienced know-how and
skills for free to subshara africa, focus Nigeria because of the high
potential this country is disposing of.
10)
Because northerners actually do not want to invest in Westafrica as
Nigerian government does not want to invest in Europe and other north
hemispherian countries. (This being very shortsighted and also showing
widely spread ignorance among politicians and officials of all levels
and sorts.
11)
For the afore-said reason (419, advanced fee fraud) no investment -
upfront money believed to be compulsory upon establishing a firm.
Nigerian administration's opinion - right after all - forbids investing
abroad because of job-travelling to europe and other northern countries.
13)
when it comes to financing tasks in Nigeria, the government does and
cannot step in. But it is easy, just tap the citizens (not by levying
taxes (riots because of NGN 140 for one litre at the filling station) by having them become shareholders to a company fully owned by them.
Compulsorily NO BANK CREDIT allowed at all for the reason of excessive rates. This for having
such companies - only purpose building infrastructure - be and stay NOT
vulnerable to further interest rate shifts provoked by banks reacting to some
lousy central banker's activities kicked off in the US.
14) Start all companies with a "flat" balance sheet.
15)
Sell shares - paperftrail compulsory - to the citizens all over the
country - for USD 10.-- (suffering because of skipping 5 squaremeals per
month - with the only purpose of buying certain shares of
infrastructure building firms (e.g. Petroplus for getting access to the
board of directors by swapping the actual ones for at least one smart
quickwitted nigerian. later stage bringing infrastructure (huge
advantage when cutting bonny light's peg to brent, they will want to
come down to nigeria to produce and sell - two journey (bonny to the US,
derivates to Nigeria, jobs in the US, fat bonuses and arrogant traders'
salaries at CBOT and a lot of other oil trading firms while tankers are
on their ways.) upon progress of the infrastructure build or procuction
kicking off.
Remarks
People taking over the financing is not a dream. Imagine 80 Million
Nigerians - Senators, other officials, commissioners, chiefs and the
sort included - from ALL over the country (no blackmail and fat
envelopes to be deeppocketed) buy shares for USD 10 each. The calculus
is easy: they raise USD 800 Million within a fraction of a trimester.
Multliply by 20, 50, 100: it is amazing. The power is at the fingertips
of the people, the people in the streets. Only thing, they did not yet realize.
copyright thomas ramseyer
