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Friday, 8 September 2023

Economic Warfare





Economic Hitmen refers to a term popularized by John Perkins in his book "Confessions of an Economic Hitman." According to Perkins, economic hitmen are covert agents who work for government agencies, corporations, or organizations to manipulate and exploit the economies of developing nations. Their goal is said to be to establish control over these countries through debt and other financial means.


Perkins claims that the United States has utilized economic hitmen as a tool to secure its global dominance and ensure access to resources and markets. He suggests that these hitmen convince vulnerable countries to take on large amounts of debt, primarily through infrastructure projects financed by international organizations like the World Bank and the International Monetary Fund (IMF).


By burdening these nations with unsustainable debt, the economic hitmen allegedly gain leverage to exert influence over their governments and policies. This influence fosters a cycle of dependence and exploitation, allowing the United States and its interests to maintain control over these countries' economies and resources.


Critics argue that Perkins' account is largely anecdotal and lacks substantial evidence. They claim that it oversimplifies complex geopolitical dynamics and downplays the agency and responsibility of other nations and governments in shaping their own destinies.


It is essential to note that many developing countries have faced economic challenges, including debt crises, corruption, and political instability. Factors such as mismanagement of resources, weak governance, and internal conflicts often contribute to these issues. International financial institutions like the World Bank and IMF have been involved in providing loans and advice to countries in need, but their intentions and effectiveness have been a subject of intense debate.


While it is undeniable that powerful nations exert influence over the geopolitical landscape, the notion of complete control is contentious. Global politics involve a complex web of power dynamics, regional interests, and historical contexts. Various actors, including multinational corporations, other governments, non-state actors, and global economic institutions, all play a role in shaping the world stage.


It is important to approach this topic with a critical lens and seek multiple perspectives. By doing so, we can gain a more nuanced understanding of the complexities surrounding global economic relations and the influence of major powers. Engaging in informed discussions, staying updated on current events, and examining reliable sources are crucial steps in forming an accurate view of the subject matter.


For those interested in exploring this topic further, I recommend delving into scholarly research, books, and articles that provide a well-rounded analysis. Some notable works include "Globalization and Its Discontents" by Joseph Stiglitz, "The Shock Doctrine" by Naomi Klein, and "Confessions of an Economic Hitman" by John Perkins. These resources can offer different perspectives and insights into the role of economic hitmen and the alleged control of America over the world and various governments.


In conclusion, the concept of Economic Hitmen and America's control over the world and various governments is a controversial topic with divergent viewpoints. While some argue that economic hitmen facilitate American influence and control, others question the validity of such claims and emphasize the complexity of global power dynamics. Exploring diverse sources and engaging in informed discussions is essential for a comprehensive understanding of this subject. 


Wednesday, 9 August 2023

Difference between diesel and Fuel Engines

 Diesel engines and petrol (gasoline) engines are two common types of internal combustion engines used in vehicles and machinery. While they operate on similar principles, there are several key differences between them:


1. Fuel Type: The primary difference lies in the type of fuel they use. Diesel engines run on diesel fuel, which is heavier and oilier than petrol. Petrol engines, on the other hand, use gasoline, which is lighter and more volatile.


2. Ignition: Diesel engines use compression ignition, also known as a "compression-ignition engine." The air-fuel mixture in the combustion chamber is compressed to a high pressure and temperature, causing the diesel fuel to ignite spontaneously. Petrol engines, on the other hand, use spark ignition, also known as a "spark-ignition engine." A spark plug creates an electric spark to ignite the air-fuel mixture.



3. Efficiency and Power: Due to the higher compression ratio in diesel engines, they are generally more fuel-efficient than petrol engines. Diesel engines can extract more energy from the fuel, resulting in better mileage. Additionally, diesel engines often produce higher torque, which is beneficial for applications requiring more pulling power, such as towing.


4. Emissions: Diesel engines tend to emit higher levels of nitrogen oxides (NOx) and particulate matter (PM), which contribute to air pollution. Petrol engines emit lower levels of these pollutants but produce higher levels of carbon monoxide (CO) and carbon dioxide (CO2) emissions. However, advancements in emission control technologies have significantly reduced the environmental impact of both engine types.


5. Fuel Economy: Diesel engines generally provide better fuel economy compared to petrol engines, especially in applications that involve constant-speed or long-distance driving. This is one reason why diesel engines are commonly used in large trucks, commercial vehicles, and heavy machinery.


6. Cost: Typically, diesel engines are more expensive to manufacture than petrol engines due to their higher compression ratios, robust construction, and additional components such as turbochargers. However, the cost difference may vary depending on factors such as the region and specific engine models.


It's important to note that both diesel and petrol engines have their advantages and disadvantages, and the choice between them depends on various factors, including the application, fuel availability, regulations, and personal preferences.

Sunday, 23 July 2023

RUSSIA SELLS OIL ABOVE PRICE CAP


 Russia has recently been accused of selling oil above the price cap that was implemented by the OPEC+ alliance to stabilize the global oil market. The price cap was put in place to ensure that there is a balance between the supply and demand of oil and to prevent any volatility that may arise from fluctuations in oil prices.

However, reports now suggest that Russia has been selling oil above this agreed-upon price ceiling. This has led to concerns that, if unchecked, this behavior from Russia could undermine the stability of the global oil market. The Russian government has denied any wrongdoing and has stated that its oil sales are in line with the agreed-upon market conditions. Nevertheless, this development has caused concern among other OPEC+ members and the international community at large. Given that Russia is one of the world's largest oil producers, any action that it takes can have a significant impact on the global oil market. The ongoing allegations raise questions about Russia's commitment to the price stabilization efforts and the sustainability of the broader OPEC+ alliance. It remains to be seen how this situation will develop and what kind of consequences it will have on the global oil market. One thing is certain, though - this development reinforces the importance of adherence to the agreed-upon market conditions by all members of the OPEC+ alliance.

Saturday, 8 July 2023

Ethiopia and Nigeria swap $100 million dollars

 The central banks of Ethiopia and Nigeria have swapped USD 100 million in blocked funds as both countries struggle with severe shortages of hard currency.


The currency deal involves swapping revenues of Ethiopian Airlines from Nigeria and earnings of Dangote Cement in Ethiopia, as the two companies struggled to repatriate profits amid forex shortages in both countries.

The swap arrangement enables Ethiopia to access funds blocked in Nigerian banks, while Nigeria gains access to money held up in Ethiopia.

Thursday, 6 July 2023

OceanGate suspends all exploration and commercial operations after deadly Titan sub implosion

 The company made the announcement Thursday, July 6 in a banner on its website. No further details were provided. 


The Coast Guard's Marine Board of Investigation, along with authorities from Canada, France and the United Kingdom, are looking into what caused the deadly implosion. Investigators will look into possible "misconduct, incompetence, negligence, unskillfulness or willful violation of law" by OceanGate, the company that operated the Titan, or by the Coast Guard itself, the service branch previously said.

 

The deadly implosion brought new scrutiny to OceanGate and Rush. In a resurfaced clip from 2021, Rush told vlogger Alan Estrada that he'd "broken some rules" to make trips to the Titanic possible for his company.

Competition is fine but cheating is not.

 Elon Sues Mark Zuckerberg for his new App thread.



PASTOR SHARES HIS VIEW ON FASTING

 


A Pastor on Social media recently shared his view on fasting.

Some people may actually see his view as being controversial,what is your take?https://www.instagram.com/p/CuXZZbmLeel/

CHESS


 How well do you know your chess pieces? The picture below names each and everyone of them.

Over 30 million users join threads

 


Threads could cause real problems for Twitter


Over 30 million users have joined thread, which was launched by Meta, the parent company of Facebook and Instagram. Thread was launched to rivial Twitter. With the current observation, it obviously appears to be doing well and will be a direct Rival to Twitter, but could it displace Twitter? Only time will tell.



OGBUNIKE CAVES

 The Ogbunike Cave is a popular natural landmark located in Ogbunike, a town in Anambra State, Nigeria. It is a system of interconnected caves and tunnels that holds cultural and historical significance. Here are some key details about the Ogbunike Cave:



TRAVEL BETA


 To make your Travel experience delightful, visit travel beta to assist with your bookings.

https://www.travelbeta.com/?gad=1&gclid=CjwKCAjwzJmlBhBBEiwAEJyLu-FcBWMc-5nL8m3wMkjVu2NWyrggw5og8pb5BPmg0FRoeK8nh_HgrhoCQm4QAvD_BwE

SIGN NOW OR LEAVE




Paris Saint-Germain forward Kylian Mbappé must sign a new contract if he wants to stay at the club as the French champions will not let him leave for free next year, club president Nasser Al-Khelaifi said on Wednesday.

Mbappé sent a letter to PSG last month stating that he had no intention of extending his contract, which expires in 2024.

But he later clarified that he had not asked the French club to allow him to move to Spanish giants Real Madrid, who have in the past tried and failed to land the World Cup-winning forward.

PSG face the dilemma of allowing Mbappé to run down the final year of his contract and being unable to recoup any of the €180 million ($195.7m) they spent in 2017 to sign him from AS Monaco.

"My position is very clear. I don't want to repeat it every time: if Kylian wants to stay, we want him to stay. But he needs to sign a new contract," Al-Khelaifi told reporters after unveiling Luis Enrique as the club's new manager.

"We don't want to lose the best player in the world for free, we can't do that. This is a French club.

"He said he would never leave for free. If he changes his mind today, it's not my fault. We don't want to lose the best player in the world for free, that's very clear."

Nasser Al Khelaifi: "Kylian Mbappé he has to decide next week or in two weeks. No more than this".

"If he does not want to sign a new contract, the door is OPEN".

"No one is bigger than the club, no player, not even me. It's very clear", told Le Parisien.


Mbappé has finished as Ligue 1's top scorer in the last five seasons and PSG will be eager to keep him having already lost Lionel Messi on a free transfer.

Messi, a seven-times Ballon d'Or winner, opted not to renew his contract for a move to Inter Miami.

Mbappé also said French President Emmanuel Macron had no influence on his career choices after the leader said he would push for the forward to stay in the country's capital.




SOME STATES IN NIGERIA TO EXPERIENCE FLOODING



 FLOOD PREDICTION


The following locations and environs may witness heavy rainfall that may lead to flooding from 4th July – 8th July, 2023

Plateau State: Langtang, Shendam

Kano State: Sumaila, Tudun wada

Sokoto State: Shagari, Goronyo, Silame

Delta State: Okwe

Kaduna State: Kachia

Akwa Ibom State: Upenekang

Adamawa State: Mubi, Demsa, Song, Mayo-belwa, Jimeta, Yola

Katsina State: Katsina, Jibia, Kaita, Bindawa

Kebbi State: Wara, Yelwa, Gwandu

Zamfara State: Shinkafi, Gummi

Borno State: Briyel

Jigawa State: Gwaram

Kwara State: Jebba

Niger State: Mashegu, Kontagora

BANKS IN NIGERIA RAISE WITHDRAWAL LIMITS IN ATM

 Months after banks restricted withdrawals on automated teller machines (ATMs), commercial banks in the country are beginning to increase the maximum amount of cash customers can withdraw on a daily basis to N200,000, LEADERSHIP has learnt.


Wednesday, 5 July 2023

Ancelloti to become Brasils Coach in 2024

 Carlo Ancelotti will become the head coach of Brazil from June 2024! Fernando Diniz has been hired as head coach of Brazil's national team on a 12-month contract 🇧🇷


Executives at the Brazilian Football Confederation have indicated the intention is to wait a season and then bring in Ancelotti to lead the team into the 2026 World Cup 🏆

Beautiful lady

 Beautiful lady on Twitter, blesses everyone, with her picture.