NewStats: 3,264,990 , 8,185,277 topics. Date: Friday, 13 June 2025 at 05:05 AM 50546y

Is it really by your productivity or by the size of your nuclear weapons ? What is Britain producing to have such a strong currency? What are they exporting ?

A strong currency isn't just about nukes or raw productivity. It's a complex mix of things, global trust in the UK economy, its financial services sector, and what it exports (like financial services, pharmaceuticals, and high-tech stuff). It's not a simple equation.

Thomaz31:
A strong currency isn't just about nukes or raw productivity. It's a complex mix of things, global trust in the UK economy, its financial services sector, and what it exports (like financial services, pharmaceuticals, and high-tech stuff). It's not a simple equation.

when I say the size of your nukes I mean THE STRONGER YOU ARE MILITARILY YOU GET TO BULLY YOURSELF INTO HAVING THE STRONGEST CURRENCY. ITS RIGGED. It’s white man voodoo economics

Production isn't about raw materials, services also counts.

But again, don't delude yourself UK is one of the largest producers of refined oil, cars, pharmaceutical and FMCG products.

Just that they have most of these production arm within the commonwealth countries.

diamond68:
when I say the size of your nukes I mean THE STRONGER YOU ARE MILITARILY YOU GET TO BULLY YOURSELF INTO HAVING THE STRONGEST CURRENCY. ITS RIGGED. It’s white man voodoo economics

i studied Economics and ing in Australia and I am a student of history but I still do not understand currency valuation. In truth it is white man's voodoo politics (not economics).

For instance, Ecowas has been trying to initiate a single currency for the sub region forever with no success because they say countries must achieve certain inflation, monetary and fiscal targets to qualify. My question is, when the UK imposed their pounds on bush African communities in 1890, did those bush communities meet those inflation targets?
As bad as naira is currently valued, it is still way higher than Indonesian rupee despite Indonesia being a larger and more stable economy.
China produces more than many countries but still has a lowly valued currency.
Currency is a political tool rather than an economical one.
Our naira was stronger than the dollar in 1980, then IMF suggested we start devaluing it because it's value was inflated. Question, why didn't imf suggest to the British to devalue the nigerian pound when the British were incharge, considering that our economy in 1980 was way larger than our economy under British rule.
Politics

Modified
I see a few people quoting me to tell me China deliberately devalues its currency. Well that is exactly the point of my post. That currency valuation is more politics than economics. Do you get it now?

Part of what makes a currency strong, is international confidence in that nations assets and institutions. The City of London has been a global financial centre for over 500 years. Global investors pour funds into GBP denominated assets based on this high confidence.

diamond68:
Is it really by your productivity or by the size of your nuclear weapons ? What is Britain producing to have such a strong currency? What are they exporting ?

Not production, but capital flow.

diamond68:
Is it really by your productivity or by the size of your nuclear weapons ? What is Britain producing to have such a strong currency? What are they exporting ?

Bro it's about trade balance... Britain is a banking and insurance gaint that's what they export mostly

But Naira is not weak because we don't produce enough.. A closer look at our trade balance sheet shows we actually produce more than we import most years...

So why is naira falling? Debt.. Borrowed debt that need servicing... Nigerian government is the biggest consumer of dollars thanks to APC

mrvitalis:

Bro it's about trade balance... Britain is a banking and insurance gaint that's what they export mostly

But Naira is not weak because we don't produce enough.. A closer look at our trade balance sheet shows we actually produce more than we import most years...

So why is naira falling? Debt.. Borrowed debt that need servicing... Nigerian government is the biggest consumer of dollars thanks to APC

hehe you couldn’t resist adding APC but good info. But let me ask though ? They say America owes 33 trillion dollars so if it is about debt why is their money still strong ?

UncleJJ:


Not production, but capital flow.

how do you measure capital flow

Bede2u:
i studied Economics and ing in Australia and I am a student of history but I still do not understand currency valuation. In truth it is white man's voodoo politics (not economics).

For instance, Ecowas has been trying to initiate a single currency for the sub region forever with no success because they say countries must achieve certain inflation, monetary and fiscal targets to qualify. My question is, when the UK imposed their pounds on bush African communities in 1890, did those bush communities meet those inflation targets?
As bad as naira is currently valued, it is still way higher than Indonesian rupee despite Indonesia being a larger and more stable economy.
China produces more than many countries but still has a lowly valued currency.
Currency is a political tool rather than an economical one.
Our naira was stronger than the dollar in 1980, then IMF suggested we start devaluing it because it's value was inflated. Question, why didn't imf suggest to the British to devalue the nigerian pound when the British were incharge, considering that our economy in 1980 was way larger than our economy under British rule.
Politics

very strong points made and I agree wholeheartedly

diamond68:
hehe you couldn’t resist adding APC but good info. But let me ask though ? They say America owes 33 trillion dollars so if it is about debt why is their money still strong ?

America owns dollars ... Their biggest export is dollar

APC borrowed majority of our debt and wasted them that's why we all became poorer

mrvitalis:

Bro it's about trade balance... Britain is a banking and insurance gaint that's what they export mostly

But Naira is not weak because we don't produce enough.. A closer look at our trade balance sheet shows we actually produce more than we import most years...

So why is naira falling? Debt.. Borrowed debt that need servicing... Nigerian government is the biggest consumer of dollars thanks to APC

After writing something reasonable, the mob attitude in u came to the fore.
Is Nigeria owing more debt than Egypt, US and the rest?

'Britain produces nothing' is inaccurate.

Rolls Royce (aeroplane engines and vehicles), Jaguar Land rover, BAE Systems, and many more.

What is true is that UK manufacturing has dwindled to a fraction of what it used to be when the country was the manufacturing powerhouse of the world.

Times have changed. China and other Asian countries can produce things cheaper.

But the UK still manufactures a lot of things. Same level as . and Italy are the biggest manufacturers in Europe.

The UK's wealth now comes mostly from Services, not manufacturing.

From banking & finance, to insurance, music, arts, tourism, oil and gas services, shipping brokerage etc, the UK is second only to the US in the world. That is where today's UK makes its money from.

That is why, when all is said and done, that small Island is still the 6th largest economy in the world- ahead of , Italy, Canada, Brazil etc

Bede2u:
i studied Economics and ing in Australia and I am a student of history but I still do not understand currency valuation. In truth it is white man's voodoo politics (not economics).

For instance, Ecowas has been trying to initiate a single currency for the sub region forever with no success because they say countries must achieve certain inflation, monetary and fiscal targets to qualify. My question is, when the UK imposed their pounds on bush African communities in 1890, did those bush communities meet those inflation targets?
As bad as naira is currently valued, it is still way higher than Indonesian rupee despite Indonesia being a larger and more stable economy.
China produces more than many countries but still has a lowly valued currency.
Currency is a political tool rather than an economical one.
Our naira was stronger than the dollar in 1980, then IMF suggested we start devaluing it because it's value was inflated. Question, why didn't imf suggest to the British to devalue the nigerian pound when the British were incharge, considering that our economy in 1980 was way larger than our economy under British rule.

Hello All
I Strongly believe Britain produces Nigeria and some other African countries
Ever heard of COMMONWEALTH?

They share our commonwealth... that is why we are what we are till today.

Politics

DeLaRue:
'Britain produces nothing' is inaccurate.

When was the last time you saw a Made in Britain or Made in USA product?

Anyone??

But i bet the phone you use now was made in China. Even if it's an iPhone.

Lol…I always wonder this too…South Korea produces a lot of things but their currency is nothing to write home about

mrvitalis:

America owns dollars ... Their biggest export is dollar

APC borrowed majority of our debt and wasted them that's why we all became poorer

Dollars and weapons

Bede2u:
i studied Economics and ing in Australia and I am a student of history but I still do not understand currency valuation. In truth it is white man's voodoo politics (not economics).

For instance, Ecowas has been trying to initiate a single currency for the sub region forever with no success because they say countries must achieve certain inflation, monetary and fiscal targets to qualify. My question is, when the UK imposed their pounds on bush African communities in 1890, did those bush communities meet those inflation targets?
As bad as naira is currently valued, it is still way higher than Indonesian rupee despite Indonesia being a larger and more stable economy.
China produces more than many countries but still has a lowly valued currency.
Currency is a political tool rather than an economical one.
Our naira was stronger than the dollar in 1980, then IMF suggested we start devaluing it because it's value was inflated. Question, why didn't imf suggest to the British to devalue the nigerian pound when the British were incharge, considering that our economy in 1980 was way larger than our economy under British rule.
Politics

You're an embarrassment to Australian education if, having not understood much in class, you cannot research for information.

WrriterNg:


When was the last time you saw a Made in Britain or Made in USA product?

Anyone??

But i bet the phone you use now was made in China. Even if it's an iPhone.

Inside the phone is a lot of British IP -- the chip technology for example. Una no sabi but expect Nigeria to grow with this lot -- clueless like Buhari.

diamond68:
Is it really by your productivity or by the size of your nuclear weapons ? What is Britain producing to have such a strong currency? What are they exporting ?

Britain don't have to produce they have hegemony. But they do produce, maybe you need to read more to know that they do produce. Need I remind you that they are still a car producing nation, and they are vast in medicine.

WrriterNg:


When was the last time you saw a Made in Britain or Made in USA product?

Anyone??

But i bet the phone you use now was made in China. Even if it's an iPhone.

I dislike niggas like you who whine about the "made in China" shitty line. Made in China does not make it Chinese technology or product! Infact, China has none to minimal influence on the quality, quantity, method or techniques used in the production of these goods/products. It's just the labour

Thomaz31:
A strong currency isn't just about nukes or raw productivity. It's a complex mix of things, global trust in the UK economy, its financial services sector, and what it exports (like financial services, pharmaceuticals, and high-tech stuff). It's not a simple equation.

Not forgetting it’s high-end real-estate sector that the world’s wealthy rush to invest in! Then there’s tourism as well!

Ahmback:
I dislike niggas like you who whine about the "made in China" shitty line. Made in China does not make it Chinese technology or product! Infact, China has none to minimal influence on the quality, quantity, method or techniques used in the production of these goods/products. It's just the labour

So who owns the product then?

Cuz China produces majority of the components in virtually everything.

Even the raw materials used

diamond68:
Is it really by your productivity or by the size of your nuclear weapons ? What is Britain producing to have such a strong currency? What are they exporting ?

Britain produces a lot of things (both goods and services).

naptu2:


Britain produces a lot of things (both goods and services).

Name them please.

WrriterNg:



So who owns the product then?

Cuz China produces majority of the components in virtually everything.

Even the raw materials used

Afar relax oo
Stop spewing what you don't know for a fact

Motor cars: Rolls Royce, Bentley, Jaguar, Land Rover/Range Rover, Aston Martin, Lotus, TVR, Caterham, etc.

And it's not just British brands, do you know that the Toyota Avensis was produced in the UK, the European Toyota Corolla Station Wagon is produced in the UK.

Aerospace: Rolls Royce Engines, Airbus, BAE Systems, etc.

Consumer goods: Cadbury, Unilever, etc.

Petroleum: Shell, BP, etc (North Sea oil).

And so on and so forth

Ahmback:
Afar relax oo
Stop spewing what you don't know for a fact

Do your research.

Bede2u:
i studied Economics and ing in Australia and I am a student of history but I still do not understand currency valuation. In truth it is white man's voodoo politics (not economics).

For instance, Ecowas has been trying to initiate a single currency for the sub region forever with no success because they say countries must achieve certain inflation, monetary and fiscal targets to qualify. My question is, when the UK imposed their pounds on bush African communities in 1890, did those bush communities meet those inflation targets?
As bad as naira is currently valued, it is still way higher than Indonesian rupee despite Indonesia being a larger and more stable economy.
China produces more than many countries but still has a lowly valued currency.
Currency is a political tool rather than an economical one.
Our naira was stronger than the dollar in 1980, then IMF suggested we start devaluing it because it's value was inflated. Question, why didn't imf suggest to the British to devalue the nigerian pound when the British were incharge, considering that our economy in 1980 was way larger than our economy under British rule.
Politics

Our leaders then have more sense.

Our leaders now are no better than our local mechanics

It is myopic of you to say Britain produces nothing. That is a nuclear power, you know?

I did this as a game back in 1990. I listed what each nation produced, the brands and multinationals that were domiciled in their countries, etc, Britain produces a lot in of goods and services and they do have a lot of multinationals. It is wrong to say that they produce nothing.

Where does Guinness come from?