Nigeria just defaulted on $33 Billion debt!

BBC ^

[Marysecretary]

It's never too late for God. We tend to forget that He loves these nations, too, and still have a plan for them. People need to pray for these countries and their leaders in order to live in peace. That comes straight from scripture and it's pertinent for these times.

[eleni121]

Maybe they could devise a new e-mail scam and use the proceeds to retire the debt.

I was just about to suggest the same thing. A more disgustingly run nation has never existed. My Nigerian immigrant students wistfully dream of the Brits coming back and ruling their sordid nation. Then I mention Blair and they laugh. And laugh...

[eleni121]

Superb summary of the African experience. Hard working, mainly consevative people caught up in sordid primeval tribalism exploited by tyrannical monsters. As may Africans have told me, the most optimistic solution is Christian conversion.

[lafayette76]

The coming war with Iraq/Iran is designed to raise oil prices. Guess who bails out the oil company bums and their third world sleazbags?

[Joe Boucher]

That's right, you and I just plain old working class taxpayers pay for these loans. And the sad part is that the directors of the wmf, imf, etc are blameless and accountable to no one. Least of all you and I, joe taxpayer. We have secured loans for nearly all of our enemies, and world basket cases and joe taxpayer foots the bill.

[Poohbah]

Nigeria has said it can no longer afford to service its $33bn foreign debts because of plunging oil revenues and the failure of some of its privatisation plans.

When the FBI arrested those Nigerian Scam practitioners, they derailed the economy of the whole damn country!

[Grampa Dave]

I hope that they didn't make the mistake of loaning the 33 billion $'s to Gray Davis or that he took it from them as a campaign donation.

[Shermy]

Thanks for the ping.

On the other hand, it sure is useful info right before the Sept. Opec meeting. Remember the stories where the US was trying to get Nigeria to drop out of OPEC, but Nigeria said no, but said it would go to OPEC to request bigger quotas? More cards to play perhaps?

[RightWhale]

If oil prices have been holding in a narrow range, even increasing a little, how can oil revenues be down?

[1234]

...People need to pray for these countries and their leaders in order to live in peace.

is there an acceptable way to kill the dangerous ones, as we pray for them, hoping that some will change their threat status before it's their turn for a 'bullet in the head'?

[FITZ]

Doesn't the US have a lot of debt also ---maybe we should just wipe it out and start fresh.

[nopardons]

Mandela is a Commie (SA), Mbeki is a Commie (SA), Mugabe ( Zimbabwe) started out as a Commie, and you best look further into Nigeria's Commie club. The Russian Commies have been in Africa for almost 100 years ... teaching. preaching, training, and arming blacks. Castro has sent " helpers " to all the aforementioned countries for decades. China has been intruding, as well. The white Commies ( native and imported ) never got much of a foothold / base , with the resident whites; they did, with portions of the black population. Ergo, it is vital to mention both the race and the political persuasions of Nigeria and the other nations.

[Jerry_M]

You mean they aren't going to give me $12 million for letting them use my bank account?

[Marysecretary]

Weeellll, maybe we could ask God's judgement fall upon them quickly?

[Marysecretary]

Yes it is, not that most people will hear about it. God's working in all the nations. You just don't hear it in the mainline media. God's got a plan!

[Jerry_M]

"God's working in all the nations. You just don't hear it in the mainline media. God's got a plan!"

Yep, one day He is going to divide the sheep from the goats. Some nations will receive His blessing, others will receive His wrath:

When the Son of man shall come in his glory, and all the holy angels with him, then shall he sit upon the throne of his glory: And before him shall be gathered all nations: and he shall separate them one from another, as a shepherd divideth his sheep from the goats: And he shall set the sheep on his right hand, but the goats on the left.... (Matthew 25:31-33, see the verses that follow as well)

Nations, just like individuals, will be judged. God uses even the wicked nations (like the Babylonians to punish Judah) to accomplish His purpose.

[TC Rider]

Judging by the emails I get, there has to be at least a trillion floating around US bank accounts of the various Government Ministers, their uncles and nephews.

[Guillermo]

Nah, they won't default because they owe money to huge American banks.

And these huge American banks know that the loans they dole out are risk-free, because our Government has made sure that they always get paid in the end.

If you're big and wealthy, the US Gov't guarantees your loans, so why should they properly assess the risk of making them?

[Marysecretary]

Yep. You're absolutely correct. Too bad leaders of these nations don't read or abide by God's word (including the U.S.). We pay for our disobedience.