by dhoyin

Abraham Lincoln : ‘The Monstrous Injustice of Slavery’

September 3, 2010 in Blog by dhoyin

October 16, 1854

I think, and shall try to show, that it is wrong; wrong in its direct effect, letting slavery into Kansas and Nebraska—and wrong in its prospective principle, allowing it to spread to every other part of the wide world, where men can be found inclined to take it.

This declared indifference, but as I must think, covert real zeal for the spread of slavery, I cannot but hate. I hate it because of the monstrous injustice of slavery itself. I hate it because it deprives our republican example of its just influence in the world—enables the enemies of free institutions, with plausibility, to taunt us as hypocrites—causes the real friends of freedom to doubt our sincerity, and especially because it forces so many really good men amongst ourselves into an open war with the very fundamental principles of civil liberty—criticizing the Declaration of Independence, and insisting that there is no right principle of action but self-interest.…

…If all earthly power were given me, I should not know what to do as to the existing institution. My first impulse would be to free all the slaves and send them to … their own native land. But a moment’s reflection would convince me that whatever of high hope (as I think there is) there may be in this in the long run, its sudden execution is impossible.… What then? Free them all and keep them among us as underlings? Is it quite certain that this betters their condition? I think I would not hold one in slavery, at any rate; yet the point is not clear enough for me to denounce people upon.

What next? Free them and make them politically and socially our equals? My own feelings will not admit of this, and if mine would, we well know that the great mass of white peoples will not. Whether this feeling accords with justice and sound judgment is not the sole question, if, indeed, it is any part of it. A universal feeling, whether well- or ill-founded, cannot be safely disregarded. We cannot, then, make them equals. It does seem to me that systems of gradual emancipation might be adopted; but for their tardiness in this, I will not undertake to judge our brethren of the South.…

But all this, to my judgment, furnishes no more excuse for permitting slavery to go into our own free territory than it would for reviving the African slave trade by law.…

…one great argument in the support of the repeal of the Missouri Compromise is still to come. That argument is “the sacred right of self-government.”…

The doctrine of self-government is right—absolutely and eternally right—but it has no just application as here attempted. Or perhaps I should rather say that whether it has such just application depends upon whether a Negro is not or is a man. If he is not a man, why in that case he who is a man may, as a matter of self-government, do just as he pleases with him. But if the Negro is a man, is it not to that extent a total destruction of self-government to say that he too shall not govern himself? When the white man governs himself that is self-government; but when he governs himself, and also governs another man, that is more than self-government—that is despotism. If the Negro is a man, why then my ancient faith teaches me that ‘all men are created equal’; and that there can be no moral right in connection with one man’s making a slave of another.

Judge Douglas [Illinois Senator Stephen A. Douglas] frequently, with bitter irony and sarcasm, paraphrases our argument by saying ‘The white people of Nebraska are good enough to govern themselves, but they are not good enough to govern a few miserable Negroes!’

Well I doubt not that the people of Nebraska are, and will continue to be, as good as the average of people elsewhere. I do not say the contrary. What I do say is, that no man is good enough to govern another man, without that other’s consent. I say this is the leading principle—the sheet anchor of American republicanism. Our Declaration of Independence says:

‘We hold these truths to be self evident: that all men are created equal; that they are endowed by their Creator with certain inalienable rights; that among these are life, liberty, and the pursuit of happiness. That to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed.’

I have quoted so much at this time merely to show that according to our ancient faith the just powers of governments are derived from the consent of the governed. Now the relation of masters and slaves is, pro tanto [to a certain extent], a total violation of this principle. The master not only governs the slave without his consent; but he governs him by a set of rules altogether different from those which he prescribes for himself. Allow all the governed an equal voice in the government, and that, and that only, is self-government…

Some men, mostly Whigs, who condemn the repeal of the Missouri Compromise, nevertheless hesitate to go for its restoration, lest they be thrown in company with the abolitionist. Will they allow me as an old Whig to tell them good humoredly that I think this is very silly? Stand with anybody that stands right. Stand with him while he is right and part with him when he goes wrong. Stand with the abolitionist in restoring the Missouri Compromise; and stand against him when he attempts to repeal the fugitive slave law. In the latter case you stand with the southern disunionist. What of that? you are still right. In both cases you are right. In both cases you oppose the dangerous extremes. In both you stand on middle ground and hold the ship level and steady. In both you are national and nothing less than national. This is good old Whig ground. To desert such ground, because of any company, is to be less than a Whig—less than a man—less than an American…

Little by little, but steadily as man’s march to the grave, we have been giving up the old for the new faith. Near eighty years ago we began by declaring that all men are created equal; but now from that beginning we have run down to the other declaration, that for some men to enslave others is a ’sacred right of self-government.’ These principles cannot stand together. They are as opposite as God and Mammon [false god of riches described in the Bible]; and whoever holds to the one must despise the other…

Fellow countrymen—Americans South, as well as North, shall we make no effort to arrest this? Already the Liberal party throughout the world express the apprehension ‘that the one retrograde institution in America is undermining the principles of progress, and fatally violating the noblest political system the world ever saw.’ This is not the taunt of enemies, but the warning of friends. Is it quite safe to disregard it—to despise it? Is there no danger to liberty itself in discarding the earliest practice and first precept of our ancient faith? In our greedy chase to make profit of the Negro, let us beware, lest we ‘cancel and tear to pieces’ even the white man’s charter of freedom.

Our republican robe is soiled, and trailed in the dust. Let us repurify it. Let us turn and wash it white, in the spirit if not the blood of the Revolution. Let us turn slavery from its claims of ‘moral right,’ back upon its existing legal rights, and its arguments of ‘necessity.’ Let us return it to the position our fathers gave it; and there let it rest in peace. Let us readopt the Declaration of Independence, and with it the practices and policy which harmonize with it. Let North and South—let all Americans—let all lovers of liberty everywhere—join in the great and good work. If we do this, we shall not only have saved the Union; but we shall have so saved it as to make, and to keep it, forever worthy of the saving. We shall have so saved it that the succeeding millions of free happy people, the world over, shall rise up and call us blessed, to the latest generations.

by enyola

Up Fashola

August 25, 2010 in Blog by enyola

This is a statement of fact. “There is no road user in living in Ayobo/Ipaja axis of Lagos state that wakes up in the morning everyday without cursing due to theunbelievably deplorable state of the roads in Ayobo and Ipaja”. The churches in the area have started praying every week and hoisting banners, praying that the government will remember Ayobo/Ipaja roads and do something about it, while the Bad Roads of Ipaja as featuredin most of the Ramadan lectures hosted in Ayobo and Ipaja. The Local Council Development Area (LCDA) Chairmen of both Ayobo/Ipaja and Mosan/Okunola respectively have ceased to exist in the hearts of the people because no one knows whether they are dead or alive due to their obvious and never-before-experienced level of inactivity and uncaring existence.

In the heart of Ipaja and Ayobo People, Fashola’s promises of a Bright Rewarding Future (BRF) as been manifested majorly in the influx of more dimension of tax collectors into their communities in form of KAI, LASTMA, VIO and the even more emanding Police extortionists that had made the deplorable status ofthe roads as a reason to stand black-spot at every 100m all under the command of the Alogo Police station. The infrastructures are the craters, boreholes and bucket-holes, freshly dug canals and extensively large gutters, VIO office in place of the football pitch and more while the new facilities installed in place of the old ones are the many abandoned and dead bulldozers that are ready death traps on the road sides with a special one in front of the LCDA office atIgbogila, Inaccessible, unusable roads filled with tonnes of dugout red-earth from abandoned drainage’s and gutters, making the road slippery and dangerous even for trekking or walking as the case maybe, depending on how far you are going because once it rains, the Okadas disappear because with or without helmets, legs are still breakable when you slip and crash..

Sometimes I wonder how much car owners in Ipaja and Ayobo spend on maintaining their cars and self from the bumpy car damaging rides and I pity transporters because I keep wondering “how much do they spend on maintaining their vehicles,VIO, Police, LASTMA and Agberos.” Sometimes tears roll down my eyes when am outside Ipaja and it’s about time I go home.. It even happened when I was leaving Jigawa..felt like I was going to a”toture range”, I think about how long and how hard it will take getting home from Moshalashi to Oluwaga. Phew!

It is true that Fashola is working but”when and where?” The BRT project was Tinubu’s design, Waste management was Tinubu’s project, LASU/OJO road was Tinubu’s, LagosIsland was his work and the very new face of VI was all his doing…the only thing have seen Fashola done is plant flowers, destroy properties in the name of developing something and latter abandoning the project only to bring some more properties down and plant flowersthere for remembrance. Too bad no flowers are planted in Ipaja, they are totally left in reckless abandon. The fence of my local church in Oluwaga, Ipaja as been down for 2 years and it is still down in the name of drainage but the gutter they dug is still open, creating more gullies due to erosion.

It is not only so in Ipaja, take a tour of Surulere, go to Ikoyi and if you must drive through GRA Ikeja and you will see lots of abandoned road projects and plentiful tax collectors. Tinubu’s regime was far more better and humane and there is no proof that this regime is even more credible than his reign.Even if he was a thief, our roads never went this bad before they get repaired or patched as we always have them, we paid less tax and sawmore of our government and not in the form of tax adverts on our TV.Fashola currently runs more tax adverts on our radios and TVs than Cadbury and Nestle do combined for Bournvita and Milo respectively. The Lekki/Epe express road is not new and it has been under construction for so long but the tax booths are finished and ready to collect. I just keep wondering, what will Fashola’s campaign theme be for Ipaja and Ayobo,

“Badder roads, Blackouts, Totally disfunctional LCDAs, more properties destruction, badclassrooms and more abandoned projects”,

I just cant stop wondering!

Now I know it’s “Same of the Same”like Jimi Agbaje said, it is just the faces that as been changing and I dont feel Agbaje would have done better, he’s one of them “same of the same.” I think I will rather have Uncle Say (Sakiru) our former and very useless councillor under Alimosho local government contest for the Lagos state governorship rather than have Babatunde Raji Fashola contest as the chairman of our LCDA, I will rather not vote than vote them into power again…all the noise is about nothing..Fashola as really done nothing better than a politician will do. All I pray for is someone better than most of them… I will work for change and still pray for a miracle.. God we need divine intervention. Amen!

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by dhoyin

Face your Fears Face your Problems

August 24, 2010 in Blog by dhoyin

Is there something difficult in your life that you tend not to talk about??

Is there something, buried deep inside of you, that you never want to dig it out and you let it lay there and fester and grow inside of you like a bad disease?

There are so many people who run from their problems. They run and run and never face them. They run from people that they do not like or have harmed them in some way, or avoid places that may trigger a reaction and bring up bad memories. And the big one that people run from, is the past.

Instead of dealing with these issues, people take the easy way out and ride down the comfortable path called “Least Resistance.”

Do you know when you face these problems in your life and attack them head on, you become stronger and you will grow spiritually??

Do you know when you face your fears, those fears (most of them) go away??

If you want to lead a great, healthy, happy life for yourself, with values and hopes and dreams, you must first get rid of that heavy baggage you carry around inside of you…Just drop it off and never pick it back up again.

Every time this uncomfortable situation comes up in your life, do not bury your head in the sand. Greet the problem head on and with a positive mindset and you will realize that the huge problem that has been beating you up mentally, for so long and so many years, was just a figment of your imagination. It was never real to begin with and certainly will never hurt you.

Live free of mental anguish…

Live free of anxieties of what you think is going to happen…

Live free from the fears of the unknown…

Live free from something that happened so long ago and has been keeping you chained down for years, stuck from forward progression….

Let it all go…

Declare freedom from all of this and watch your life flourish with healthy positive faith filled thoughts.

Happiness is right around the corner peeking it’s head out at you. Go get him and welcome him into your heart. Hasn’t it been long enough??

WHY THE RICH GET RICHER (Insights Into The Money Game)

August 23, 2010 in Blog by Idowu Tolulope Akinrelere

One of the reasons why the rich get richer is because they understand The Money Game and they play it to their advantage.

You might be wondering what the money game is. The money game is a game which we all play. It is played by everyone of us in today’s modern world. It is a game played by all whether you like it or not. It is played by you whether you want to or not.

The money game is simple. Read the rest of this entry →

30 Business Lessons I Learned Before 30 By Devesh Dwivedi

August 17, 2010 in Blog by Idowu Tolulope Akinrelere

Learning starts right from the moment we are born, even though we may not consciously remember every lesson we learned we still practice them everyday because our subconscious is much more powerful than our conscious. I am a student of life, I love to learn, be it a skill, sport, technology, philosophy or anything for that matter and what I enjoy more is sharing what I learned. I believe in sharing because it helps you spread the knowledge, help others not make the same mistake as you did and helps you learn and remember those lessons even better. Now, I’ve been an entrepreneur since I was 14 when I started a comic book rental company and since then I’ve started many businesses and like every other human being and entrepreneur, I’ve learned quite a few lessons along the way. This post is an attempt to document and share those lessons, in an attempt to help you not make the same mistakes as I did and revisit these lessons myself…

  1. Journey of a thousand miles, starts with one step. Action is what counts so, take action, even if its not a very significant progress towards your business, this step would get the ball rolling. Do it.
  2. Solving a problem or filling a gap is the only way to entrepreneurship. Be a good observer. Look at the current players and their services, interview a few customers and identify a problem or issue with current product and service. Then, solve it.
  3. KISS – Keep it simple, stupid. No matter what you do, nothing beats simple, be it a business plan or an email communication or anything in between. Staying simple would make you far more efficient and save a lot of time, headache and money too.
  4. Help comes where you expect it the least from. So, network. Talk to anyone and everyone, tell them about your business when they ask what you do, soon you’ll master your business pitch and be connected to lots of people.
  5. The “right time” is a delusion. Read the rest of this entry →

Conceptual Principles for Restoration of Nigeria

August 13, 2010 in Blog by Get Inspired Nigeria

1. It is futile to create or implement ideas or programmes that are not founded on humanitarian principles.

2. Only the emancipation of each individual in a nation can lead to freedom for a nation.

3. Conferences and programmes are fruits of ideas. The fruit will be consistent with the root from which it . emanates. It is either rooted in godliness or godlessness.

4. History proves it is futile to fight over civil rights, women’s rights, ethnic rights, etc, without accepting the root cause of every imbalance in society -greed, avarice, nepotism, etc.

5. The Holy Books says, “You will know the Truth and the truth will set you free”; but our people have resolutely accepted the bondage of falsehood. Our people have sold their votes, their conscience and their integrity to the highest bidder.

6. “We do not need to get good laws to restrain bad people. We need to get good people to restrain bad laws. The problem is that the majority would rather not accept such responsibility; therefore, Read the rest of this entry →

9 Stupid Mistakes Made By New Businesses

August 12, 2010 in Blog by Idowu Tolulope Akinrelere

1.  Selling to the wrong people.

While sales are important to the survival of any business, you don’t need to push your business on everyone you meet, including friends and family.  Furthermore, it’s a waste of time to try selling to people who simply don’t need what you’re offering.

Selling to the wrong people includes trying to sell to everyone.  Some customers are much easier to sell to than others.  Feel free to say no to customers that are more trouble than they’re worth.  Let your competitors sell to them instead.  You’ll save yourself many headaches, and you’ll free up more time to focus on serving the best customers.

Just because someone is interested in doing business with you doesn’t mean you should accept.  Learn to say no to the weak opportunities so you have the capacity to say yes to the golden opportunities.

2.  Spending too much money.

Read the rest of this entry →

IS GETTING INTO DEBT REALLY BAD?

July 14, 2010 in Blog by Get Inspired Nigeria

At one point in time most of us have been in one debt or the other. Most of us might have also made this resolution not to ever get into debt again. If you have done I would like you to know that you are not alone. There is this general knowledge that debt is bad. Also we are all advised that if there is just one thing to avoid, avoid getting in to debt because debt is bad. But is this really true?
Imagine this situation. Let us assume Taiwo and keke Ogunbe out of the blues park their Hummer Jeep in front of your house and then walks up to you with all the necessary documentation of the car then tell you that if you could give them #100,000 the Hummer would be yours. Let’s assume you don’t have that amount of money but you know where you can burrow it from. And you also know an auto dealer who would be willing to buy that hummer for nothing less than 10 million naira. Would you go ahead into borrowing the #100,000? Now tell me, is this good or bad?

Recently a friend of mine, a professional forex trader used a #200,000 value share certificate to obtain a loan from a bank. From his calculation, he will be able to triple the value of the money borrowed within a year by trading forex with it. Isn’t this really nice?
From my own point of view the goodness or badness of a debt depends on what you intend to use the debt for.
From an investor s point of view there are two thought forms to debt. Bad debt and Good debt.
Bad debt is what most people are familiar with. It is also what most people engage in. Bad debt is when you finance liabilities with debt. This includes parties, weddings, funerals (This is typical for most Nigerians), feeding, clothing, cars e.t.c. things that do not increase is value. This is the type of debt you are advised not to go into because paying back will give you a lot of headaches and stress.

Obviously, Good debt is the opposite. And is what the “MegaRich” of the world engage in. It is debt that will go up in value. Good debt is when you finance assets with debt. Generally these are things that will bring you more money or value than the debt used to finance it. Such things automatically generate money to pay back the debt and additional money for you. This includes investments, businesses and properties.

There is also something I term ‘Super Duper’ good debt and that is debt that you do not have to work hard to pay off. Or better still, imagine a debt where you never, ever have to pay it off or someone else pays for you. Did I hear you say how someone can pay for my debts? It’s possible and it’s happening all around you. It’s just that you don’t know it. I’ll show you how.

Assume I borrow 4 million naira to purchase some blocks of shopping complex. The agreement is that I’ll pay back #280,000 every month for the next 2 years summing up to 6.27 million naira for the two years. Now assume I lease out the blocks of shopping complex, collecting a total rent of #300,000 then use the rent for my monthly payback. So who is paying my debt? Is it me? Of course not. My tenants are literarily paying for my debts. And in less than two years the building will be fully mine after my tenants have fully paid for my indebtness and any rent from then on will be cool cash for me. Would you agree that is a good debt to have.
If you have once said,I will never go into debt again. I need you to do a rethink. My advice is that if you really want to excel financially you should look for ways to engage in good debts and avoid bad debts at all cost. This is because good debt will lead you to financial freedom while engaging in bad debts is as good as digging your own grave.

In conclusion, those that said don’t get into debt are not totally wrong they just didn’t tell you the type of debt not to get into. Now you know.

I hope I have been able to give some useful insights into the World of Money, Finance and investment.
Thanks and see you at the top.

7 PRINCIPLES OF AN EAGLE

July 14, 2010 in Blog by Get Inspired Nigeria

PRINCIPLE 1

Eagles fly alone at high altitude and not with sparrows or other small birds. No other bird can go to the height of the eagle. Stay away from sparrows and ravens.
Eagles fly with Eagles

PRINCIPLE 2

Eagles have strong vision. They have the ability to focus on something up to five kilometers away. When an eagle sites his prey, he narrows his focus on it and set out to get it. No matter the obstacles, the eagle will not move his focus from the prey until he grabs it. Have a vision and remain focused no matter what the obstacle and you will succeed.

PRINCIPLE 3
Eagles do not eat dead things. They feed only on fresh prey. Vultures eat dead animals, but eagles will not. Be careful with what you feed your eyes and ears with, especially in movies and on TV. Steer clear of outdated and old information. Always do your research well.

PRINCIPLE 4

Eagles love the storm. When clouds gather, the eagles get excited. The eagle uses the storm’s wind to lift it higher. Once it finds the wind of the storm, the eagles uses the raging storm to lift him above the clouds. This gives the eagle an opportunity to glide and rest its wings. In the meantime, all the other birds hide in the leaves and branches of the trees. We can use the storms of life to rise to greater heights. Achievers relish challenges and use them profitably.

PRINCIPLE 5

The Eagle tests before it trusts. When a female eagle meets a male and they want to mate, she flies down to earth with the male pursuing her and she picks a twig. She flies back into the air with the male pursuing her. Once she has reached a height high enough for her, she lets the twig fall to the ground and watches it as it falls. The male chases after the twig. The faster it falls, the faster he chases it. He has to catch it before it falls to the ground. He then brings it back to the female eagle.

The female eagle grabs the twig and flies to a higher altitude and then drops the twig for the male to chase. This goes on for hours, with the height increasing until the female eagle is assured that the male eagle has mastered the art of catching the twig which shows commitment. Then and only then, will she allow him to mate with her.
Whether in private life or in business, one should test commitment of people intended for partnership.

PRINCIPLE 6

The Eagle Prepares for Changes: When ready to lay eggs, the female and male eagle identify a place very high on a cliff where no predators can reach. The male flies to earth and picks thorns and lays them on the crevice of the cliff, then flies to earth again to collect twigs which he lays in the intended nest. He flies back to earth and picks thorns laying them on top of the twigs. He flies back to earth and picks soft grass to cover the thorns. When this first layering is complete the male eagle runs back to earth and picks more thorns, lays them on the nest; runs back to get grass it on top of the thorns, then plucks his feathers to complete the nest. The thorns on the outside of the nest protect it from possible intruders. Both male and female eagles participate in raising the eagle family. She lays the eggs and protects them; he builds the nest and hunts. During the time of training the young ones to fly, the mother eagle throws the eaglets out of the nest. Because they are scared, they jump into the nest again.

Next, she throws them out and then takes off the soft layers of the nest, leaving the thorns bare When the scared eaglets again jump into the nest, they are pricked by thorns. Shrieking and bleeding they jump out again this time wondering why the mother and father who love them so much are torturing them. Next, mother eagle pushes them off the cliff into the air. As they shriek in fear, father eagle flies out and catches them up on his back before they fall and brings them back to the cliff. This goes on for sometime until they start flapping their wings. They get excited at this newfound knowledge that they can fly.

The preparation of the nest teaches us to prepare for changes; The preparation for the family teaches us that active participation of both partners leads to success; The being pricked by the thorns tells us that sometimes being too comfortable where we are may result into our not experiencing life, not progressing and not learning at all. The thorns of life come to teach us that we need to grow, get out of the nest and live on. We may not know it but the seemingly comfortable and safe haven may have thorns.
The people who love us do not let us languish in sloth but push us hard to grow and prosper. Even in their seemingly bad actions they have good intentions for us.

PRINCIPLE 7

The Eagle Knows when to Retire: When an Eagle grows old, his feathers become weak and cannot take him as fast as he should. When he feels weak and about to die, he retires to a place far away in the rocks. While there, he plucks out every feather on his body until he is completely bare. He stays in this hiding place until he has grown new feathers, then he can come out.
We occasionally need to shed off old habits & items that burden us without adding to our lives.

God is wonderful. Remain blessed.

UNTOLD SECRETS ON FOREIGN LOANS, US FEDERAL RESERVE AND IMF

January 22, 2009 in Blog by Idowu Tolulope Akinrelere

Most people must have heard about the US Federal Reserve and IMF, but what they don’t know is that the IMF actually controlled privately owned Centrally Controlled Banks (CCBs) and secondly by the US Federal Reserve. The interesting thing is, if you ask the average if whether the US Federal Reserve is a government organisation, what do you think they would say? Most would say yes of course. However, if you look it up in the United States Yellow Pages, guess where it is listed? It is not listed in the Government area, it is listed in the commercial area where all commercial businesses are registered, because it is a private organisation and not a government organisation. Just like the Nigerian Police Foundation.

The US Federal Reserve is a private organisation designed to make maximum profit and does not answer to the US Government or the citizens of theUSA. The US Federal Reserve is a deliberate name designed to fool people into thinking it is a Federal Government organisation.

So, you can see that decisions made by the US Federal Reserve can affect how much we pay for interest rates, our mortgages and virtually everything because interest rates affect the whole economy.

Most government only print about 1% of money supply in their countries, so to facilitate capital projects they go to the IMF to get loans. The IMF loves to loan as much money to governments as possible. Why might they do that? If you were a CCB and your agenda was to make a lot of profit, do you think that, say the Nigerian government would be a good organisation to loan money to? It would be, would it not? Most governments would be.

Governments have a choice, including the Nigerian government. We can print our own money debt free and back it up by our own reserves and not have to pay interest overseas, or we can borrow money. If the governments want to borrow money, the IMF is only too happy to loan it because, firstly it will be guaranteed security from the taxes imposed on its citizens. The IMF knows that the government can increase taxes to pay back that loan.

So the IMF knows it is fairly certain they are going to be repaid. Secondly, if the country can not get enough money from its citizens, they know that a country has assets. If a country can not afford to meet its interest repayments it can then be forced to sell its assets. Or use some of its high yielding resources to offset its debts (e.g foreign Reserves as the case of Nigeria). This sounds  smart does it not? If they can do that and wipe out the debt, the repayment money can then be used to finance other important aspects of the countries economy.

Unfortunately, governments are in the habit of getting into more and more debt. Let us relate back to yourself, so it makes more sense. If you had a profitable business that brings you in money without you needing to be there and you have debts which are getting bigger, should you sell your business and lose your income in order to wipe out your debt? In the short-term, it looks great because you have eliminated the debt. Only now you still have the same habit of getting into debt, so you run into a huge debt again, however, now you have got nothing left to sell to wipe out the new debt.

The result being, that you are now going to have to work harder for someone else to earn money to pay it off. However, if you are the government you simply send the bill to someone else in the form of increased taxes. Guess who that someone else is? Generally the middle class, everyday citizens of countries, including Nigeria.

I hope this helps you understand why countries pay such a high level of tax. Someone has got to pay the bill, and they know where you live so to speak; that way you get sent the bill.

Been indebted to anyone leaves you at the control and mercy of the person you are indebted to .This is the main reason why most African countries are at the mercies of European countries.

Running a country is in some ways very similar to running a business. If that is the case then, you can see that politicians need to understand how to run a business successfully because they need to have the same mentality to run a country. Unfortunately, many of our politicians have no real-life experience at running a successful business.

I have shared a brief insight with you on the world’s monetary system to assist you in the bigger picture of how you fit into the world structure especially if you intend to become a politician in the nearest future.

I hope I have been able to give some useful insights into the World of Money, Finance and investment. For more Insights, Resources and Feely Downloadable eBooks on Wealth, Finance, Career, Jobs, Investments e.t.c. logon and join other Nigerians on www.getinspiredng.com  Registration and Access is absolutely free.

Thanks and see you at the top.