May 21, 2023

HAMILTONIAN AMERICA: NOT MADISONIAN AND JEFFERSONIAN AMERICA'S.Hamilton.Chapter 1.page 3


Wisdom is a woman.Love her and keep her forever.

Does it not sound insane that you ascribe glory to whom such esteem does not belong?
About 85 essays were written that formed the bulk of the philosophy behind the Constitution.Would you not be amazed if you were to be told he wrote the most voluminous part of the great book?"
"And the great book?"
"The Constitution of course!Out of this lot,he wrote fifty out of these 85 essays while the remainder were written by John Jay and Madison."
"So Jefferson was an egghead."
"Yeah".
"Did he write a single text of the declaration of Independence for which he was famed?"
"Of course he did not."
"Uhmm......They said he advocated weak central government and stronger states.Isn't it?"
"O boy you have been doing serious reading o oh my gosh.Anyway you have the use of good library.You re right but the intention was evil.He felt inferior compared to super star status of great Hamilton and that was why he suggested that."
"Come again""Yeah the truth is this;the intention of this cabal was to cut Hamilton to pieces because he was the second most popular man in America of the early republic after George Washington.Somebody who was secretary of state under Washington and Hamilton who was secretary of treasury still dominated his office a lacklustre celebrity and crass opportunist .He had no gift for policy making and a reprobate lackey.He was extremely petulant with how he controlled Washington government including his office before his every eyes gesticulating staff for command and orders and the whole country couldn't do a thing about the straitjacketed intelligence of Washington."
"Could not do a thing about it?"
"Of course there was no spare tyre in America.Jefferson got so infuriated , and exhausted with teleguided Washington that  he was later forced to resign."
"Secretary of state! forced to resign ?"
"Of course he did.Because he couldn't stand the world greatest superpolymath in action.To suggest weaker central government was becos he felt inferior  and couldn't succeed in cutting him to pieces. Jefferson believed the power of federal government should be  limited due to growing influence of Hamilton in America and beyond.The suggestion was to reduce their influence as well.But China knew the secret and that was why it succeeded.Same view that classical economics taught them and when it was clear that Washington supported his archenemy on the question of federal jurisdiction including the relations with France,he was forced to resign in envy.Why would anybody in his rational mind regarded him as the author of declaration of Independence?Does it make sense to aver so when in real term he only supervised and was chosen to head the committee that drafted the declaration?"
"Uhmmmmm.........."
"While all the members of the revolutionary team and elites dreamt of American Paradise for which they were clueless;he was extensively researched and ransacked the British and the French opulent history for ideas and ideology.It is a question of 'if wishes were horses...'He paused for a while.
"What really created schism between Madison and Hamilton too
I think you ve narrated this conflict point of differences between him and the rest of the educated illeterates like Jefferson."
"The true difference came from critical debate on public debt.That was the climax.It was a report on public credit that tore them apart."
"How?But you said they both wrote the essays on Constitution,what could have caused the skirmishes again?"
"My son not skirmishes but world wars acatalectic life time brawl.A bitter feud.The debate on public credit was a report to be presented before the Senate following January.And such report if widely supported could make him the most influential figure in America.You know he already was.That would add a notch."
"Uhmmmmm..........".
"He drew on eclectic sources to prepare the report of public credit.He qouted on thesis of David Hume's and other many hungry lions on political economy especially in political discourses that supported the fact public debt could strengthen business activity.He did not fail to do justice to the wisdom of Monstequieu that advised state should honor debt obligations.He pays homage to  Hobbesian wisdom in the sanctity of contacts, securities trading and Transfers and any voluntary acceptances of such offers, states or individuals must not shy away from its consequences."
"Dad what is Hobbesian?"
"Don't digress the discussion.Hobbesian refers to Thomas Hobbes.When you go back to library search Hobbes in Middle shelf or Shelf C , take the books written about him and read.In three weeks I task you to produce thesis of 50pages on Hobbesian theory of political evolution."
"50pages?And you think I can do that.Am only 16". Staggered on the sofa next to the kitchen door where dad was cooking evening light meals."Jesus, don't disgrace me Okay.You re going to be 18 this summer,Whereas Hamilton in St Croix newspaper in the spring of 1771 as the aspiring bard published his first poetry when he told the editor"Sir,I am a youth about 17."He was around 16 then.More than anything else the date of his birth baffled biographers  and some uncommon sources drew inspiration from Scottish chronicles and database to put the date correctly as January 11,1755 when he was born in Nevis and not the date 1757 year most popularly used by biographers.How can a teen of 17years not capable of astute intellectual capacity?From 1to 4 years we refer to toddlers,early age 5 or 6years dubbed middle childhood as opposed early childhood when you re capable of washing cloth, reading, taking decision and a host of other routines under guardian or parental guide,how much more for a child of 17 who might just have left college or a sophomore or collegiate or a Wrangler or graduate with first degree?At 18 to 21,out of teen ship a full grown youth taking control of his destiny.Drop your laziness,grow your aptitude and life is the best teacher.But for Hamilton a boy exposed to savagery of human treachery quite too early in life was inspired by these obscenities.As much as in Nevis where he grew up St.Croix was tainted with all pervasive slavery where blacks were trapped into serfdom for every white who rent them out for a fee.This human property trade was a source of daily bread and a quick income and wealth giver.Free blacks and mongrels ,were mixed in the neighborhood a racial melange exposed the octoroon too early human savages , inhumanity of man to man.Hobbes said the life of man outside the 'short, brutish and solitary'unknown to him even inside the  society with no account of arts no account of letters short,brutish and solitary'terminated by brutal death.Rachel his mother too also inherited five males adult slaves when her mother Mary faucetee died.She too hired them out for a fee.The slaves had four kids and one of them Ajax was assigned to Hamilton and another to his brother James."
"So he had older brother too"
"Yeah ."
"Surely I ll do a thesis on him not Hobbesian."
"You have to start gathering materials about him good or bad.Knowledge is good for the edification of the mind and intellectual quintessence.He had copious literature on every topic during early days of the republic.By the time he died at the popular age of 49 he had created masterpieces of twenty two thousand pages excluding lost materials like poetry etc."
"29,000pages.astonishing"?
"Yeah, essays,poems,letters , precedents , treatises,theories Strategies and a host of others in his kit.Little wonder  , Washington became a partial lackey or straijacketed element at his feet imbibed his philosophical thoughts hook line and sinker appended influential signature with artless ease to keep the American dream unimpeded .What an incredible work of art."They went into the wild early morning to pay homage to the beautiful songs of the chirping birds in the wild,strolling beyond The Meadows returned home with some fruits like cucumber to prepare salad for the afternoon now warming salad for the light evening meals.Ravished by morning breeze four hours away returned and took showers to cool their nerves and headed into the library for fifteen hours discussion.Thompson moved into the kitchen to prepare meals with occasional support from the lad , currently on holiday.
"I can't believe he could earn so much
accolades in an age without the internet."
"Yeah,you get the drill given the fact that technology has certainly improve writing capability of 21st century 's netpreneurs."
"Why was he always as the center of the storm?you haven't elaborate much source of Titanic feud beyond the public credit report?"
The boy sat down after his father returned back to sitting room and took more than an hour to devour his meal switched on the standing fan.He was tired for the day and gestured him into dining room to take his meal.Raptured with random sleep  and finally dozed off."Dad slept off "went back to the room and laid with siblings.

HAMILTONIAN UNIVERSE.part 3

Themselves ,they backstaged vapourous flicks.Backshees were barely paid to the Hamiltonian pedigree round tripped for the Madisonian and Jeffersonian malignant ballistics a wreath for the American bastards ,a bazooka of beaded bathos bestrode Bazaars,almamatters and alehouses like a colosus.May I not becalmed nor bats more than belfry to mince historicism at this most beleaguered times?And your mt.everest mine inmortal beneficent Hamiltonian ,may I be not dunced to doff my eponymous hat at your grave bestrewed with invincible applause and flowers of Rhapsody.Let me backstage begins.Stooled upon the seafloor of an island's shore rose an extinct volcanoic cone an interceptor of trade winds invariably lulled to be dimmed by a dense swirl of clouds rode the dogged cliffs over looming  jungles ,the verdant foothills cascading gulfs and plunging gorges trolled upon eruption of natural fortress thrive at vintage Hamiltonian childhood where on Jamestown as first capital succumbed to a tidal wave of earthquake.Hence ,from the sleepy backwaters Town Nevis the historic birthplace of the  golden nickel of industrial America.Waow , esoteric bowels of the earth salute him bridge headed icon the true American story."Madisonian  broiling hot in vain better still vintage Jeffersonian broiling hot in vain too?""Will I not beg to disagree  my monologue?"broken hearted broodies brushed aside the bubbly bubbles of buccaneers'bromide , bridgeheaded buckshot someday will avenge.North United States of America and southern United States of America peradventure successor states will someday be crystalized with bunted flags and poked antediluvian Hamiltonian America back into reckoning to avenge the transgression of the dissidents to amortise the acatalectic theft on the sands of time.O karma,let time the arbiter of justice mends the stolen epochs at the rise of Carmezito, refrain white supremacists to the eschatology intervenes .The bloods of serfs shall be avenged.O freedom let your stints return and racial profiling vamoosed into eternities of dingy space.How did they 08038605856 degenerate and expel silverspoon from blacamoors' mouth? Let me bear the tales upon the mainland treachery.Behold the Madisonian on the borderline . Were there any need for the bootless bootstraps who ought to have been remanded at borstal ere the incidence had they lived on borrowed time? Did mainland not whack with Madisonian werewolves and Jeffersonian voodoo and Welsh Hamiltonian gratitude?The waspish welt.anshauug wheedle of the Jeffersonian whatnot clogged the mainland wheels off the early republic . Across the water courses of the psychotic warships and war of nerves warmblood warmongers barely faints tis the house was thrown into a sponge.Alas the mud wallow wallowing like a walrus moustache wall to wall wampum glued to mainland.Wheretofores whatsoever neither far fetched connundrum where to to whiff.

May 15, 2023

HAMILTONIAN AMERICA:NOT MADISONIAN AND JEFFERSONIAN AMERICA.

Prologue.Does it mean that golden words must be planted on Golden trees for them to be golden gemstones in the annals of golden antecedence?"Thomson threw animadversion as he sat disconsolate in the anguish ambience and ruminating tribulating memoirs of the jagged edges in the top gallant cosmopolitan American society fevered with nostalgia the ebonoid's angular angst not minding the irregular but hazy medula racketeering of nebulous memoirs ever since the republic cooled its atavistic being on the checkered earthly plane.
"You are causing a peculiar effect peradventure anticyclone of anticlimax to levitate itself in thin air" he chastised his soliloquy not evasive sibling.
"You drew comedy of your self-esteem smitten to the dogs when you make references to Golden antecedence in a republic a repertoire of educated derelicts and weakneeds.Those who cast aspersion against antecedence are not worthy of such golden memoirs.Behold to rid off golden words magic potion of golden action from golden  trees is to destroy golden gemstones of golden history even before they are born and we shall  lay bare and wreath to demise of golden history.And a nation that should have golden history maybe forced to have beautiful history." 
Uhhnn..."but golden history and beautiful history aren't the same?"he retorted speaking with memoirs."oh yeah what could mortal do?Manage it."Then he slept.
Early morning breeze and the sobs of triplets from the cradle,cot and carrycot at the adjoining room, spouse and toddlers on bunk bed still dosing,woke Thompson up at midnight.He switched on the bedside lamp,yawned and stretched arms,legs and return back his boodle to the headboard,lay on eiderdown,counterpane sat lamely on bedstead beneath.Fortywinks again till bedroom cries slapped him off the bed,woke up and stood pulled aside chest of drawers, for scribbling notes , pyjamas still bedraggled reached for the stool and hands on dressing table pulled off again tormented by momentary  torpedo of crass indecision.Eloped from the bedsitter into alcove to the shock of his nerves.His oldest son still reading hardly go to sleep."Oh boy you re not on bed,so audacious like your dad,still belaboring in the middle of the night?"
"Dad,you drew me the whetstone.Am your wannabe.So sorry for that.I didn't mean to wake you up.It's in my blood too."
"Pls go to bed."
"Dad?"
"What's is it again my boy?"
"Have you heard anything about Hamilton before?"
"Oh my gosh u re traveling very far infact gone too far to tread on landmine".
"Which landmine sorry Dad?"
"One day you'll get there.That's a sorry part of our beautiful history "
Did I you before do soliloquizing?I could recall vividly your reference to Golden antecedence."
"You heard me right?"
"Yeah?"
"Madisonian and Jeffersonian America is a sloth of the true America."
"And the true America?"
"HAMILTONIAN AMERICA.Jeffersonians the white supremacists are weird weirdies of dead weight tonage behemoth America."
"Uhmm........ compassionless.."
"Yeah,but that's pretty a bijou boy.Get the biosphere's ergonomics, adhesive brasstacks of the adjectives.Aptly to mean no clemency, clueless,no empathy,bessotted , Bewitched Dreamland besieged with besmeared dusk ,bigstick  bigotry of sewered asses , bigheaded  buccaneers of Justice thrives in the dungeon of Injustice.The plain isn't yet belted Earl.I'll be frank to tell you.We have a lot of work to do.Our bequest should be Hamiltonian America's and not the trenches of bespattered  Madisonian and Jeffersonian America a bespoke relics of white supremacists who sold the mischievious American dream to the dogs and mortgage it to the broken Earth."
"Should the bewail persist what are we gonna do?"
"You would solve the problem?"
"Me dad? How?You scare me"
"Some day i will make you the president of America."
"What?Lie from the pit of hell"
"You know what boy FDR was groomed for 35years and fully prepared to become American president and he did marvelous joy at the oval office.Still many landmines to trample.Now prior to any action identify  the problem first and then the solution."
"Uhmm ....FDR..Let me your bethink?"
Before the day dawns they went into the forest with nocturnal lamps to the shocking voices of terrible species in the wild.Ecstatic at the forest promenade at a later time boyhood wraith was  fond of his patriarch's tradition, clung deeply and passionately to his punditry especially in the wild.It became his pastime especially on vacation.

Merchant of Memoirs

MY HUMBLE BEGINNING
Take a look at your life at one point or the 
Other , you re bound to recall the peak and off peak periods of growing up-the good and the ugly.When you dilute them together you get the best narrative and make a beautiful story.Everyone often has a beautiful story to tell when they reflect on the memoirs of lost days and forgotten years.
My humble Beginning was quite scintinlating and I had a good upbringing from the most industrial couple in the beverage producing business in black Africa.We had extended families from both sides of parentage and were very successful in their own little way.The head of the partriarchal side my grandpa Joseph Olaniyan a great Scion of Laniyan dynasty ,members of the group of original hunters that founded ogbomoso. According to my father's younger brother pa Lanrewaju Laniyan ,who threw me back to the memory lane with the uncommon historical bombshell that left me panting for breath.In the narrative there was not a fable in the critical renditions and the cadence a repertoire of ipsofacto and expostfacto when juxtaposed shone above a thousand stars.Pa Lanrewaju with grey beard who was oratorical and somehow hospitable and scary presence invited me outside from the living room into the concrete couchs at the table tennis and badminton court to have a discussion.That was after returning home two decades in Lagos.In the narrative I saw a good raconteur like my father though in the traditional way.I watched him barred his mind and heaved a sigh of relief in the narrative as we sat in the tranquil hours of the sedate court plated with concrete.What was the need and use of the narrative as I asked myself and upon ponderous my need of golden resources to write my memoirs ,I quickly perceived the unquantifiable significance of historical documentation by a blogger and a reporter  found in such exigent mode and the power of listening mind.We had sat down for more than this peptalk which was quite initially indecisive between the movement from the living room and sedate chat at the court.Not only was it begining to grow hazy in the twinkling twinkling hours of the brief but memorable narrative and I knew that magic potion could spew out of his mouth when he lamented my father's latter years and how you would not arrive at your final destination when you mix religion with reality.My anxiety was all the greater  daunting to realize he was eagerly awaiting us after donkey years of hometown abandonment .If i didn't return back home after covid19 ordeal,our father's property would probably have been taken over and some disaster would have befallen us.Of course it is safe to say: Never had I undertaken a more difficult journey in my over forty years on earth.
A brief glance at his visage depicts hazy clouds gathering in the momentum, an evidence to convince curious mind that storm was brewing in the meantime.I noticed strong winds brewed up and wasn't sure where it would land.I was well aware of the squabble between brothers not very promising at a time.We were well aware of the trouble in the African extended family settings and the kind of heated family relations we experience.His spouse looked hazy too upon sighting my presence even before we sat down at the court.I was complaining of my frostbitten mood and disatisfaction with poor handling of our late father's properties and the way we lost millions over the years.I had tried my best and succeeded  to recover the assets from local agent with power of attorney to manage the properties.My audit unveiled the truth of lost revenues and upon noticing the treacherous diversion quickly retrieved them under my management.

ANOTHER ODYSSEY
On a cold clear morning in the year 1995, the rickety bus from ogbomoso,Oyo state, took off in earnest into the streets of ikotun , Lagos with exhausted folks, merry cheers and whistles of bravado blast from almost the entire family as it approached ijegun in the suburbs of Lagos.Hardly had it stopped and unload its passengers clothed against the beating waves,wild 
Urban jungle,with dread and trembling in the joy of succesful Lagos travel than the vehicle was repaired twice on the road by a hagard looking company driver with a morose cheeks.He was uncomfortable as driver of the vehicle that accompanied him and might have been unruly and indifferent when the offer of traveling with ramshackled jalopylike van was disclosed to him.He brought the vehicle early morning to aguodo, ogbomoso where I first lived my first  twenty five years on earth and told us about the traveling and company plan to relocate to Lagos and the shifting of factory for greener pastures being the prime motive.The factory was gradually relocated first to Ogudu then later to babalegba,ijegun before it finally crashed in 2002.The siblings had to find alternative means of survival.
Although we succeeded in moving to Lagos,we struggled to feed like any Lagosians.

MERCHANTS OF VICTORIAN MEMOIRS

Nirvana lies where she smiles
Upon the sweetest flowers of the fields
Where she grows her young
And drunkard darkness flees at her fiery wheels
Merchants of victorian memoirs at her plunged shore feedeth
Not rudderless princes like a drunkard reels
It seems opulent winces she glances upon And hangs upon them the sweet roses of victorian hills
Discretion too grandiose for ignorance to ignore,for environment too vile
To shoot golden morn with the crows of
 the cockcrow.
So pyrrhic a victory in their loins obstreperous winds to die a violent death
To lie in the benediction of passing darkness
A Titan's day behind the woods and woodland beaten comeuppance.
Earth wobbling stars pave way for the mightiest princes
Wavering buds closefisted away to heavenshore
Cupids sell themselves potion to get to victorian hills.
That many books they shall read before main book
The Forrest bamboo that unfolds the beautiful story
In Golden gorge, golden clasps unveils the golden story
Only one beautiful story unfolds at a time
How much more for the golden story 
That knocks a beautiful dawn once in a Millennium.
Arise feeble princes peck and behold  the fair  sun for the fair yima
The mantle of desideratum doth in his passion-broth spring
Thanks to its golden bars, unknown dreams retrieved
From dreary earth locks into empyrean heights
Bestrides the sullen drudgery clouds
And sails upon sweet leaves green fields 
Above grey eyed dusk carts the golden morn
Galloping paces above vagabond sloths
Refutes quiters'slosh and plainants'goof 
Despicable pilots mouse hunts,countqueans , salacious mandrag
oras, libidinous mandrakes frolicking dancing Madonna, wolfish ravening serpentine serpenthood draining topgallant flowery feet of gold
There dwelt no king in Babylon beyond king Cupid
To sewer his ectasy for victorian hills is alien to the good den
Merchants of memoirs by golden personages
Took to spouse,a fair mandrake
Not for the beauty of Helen of Troy
Carted away by Paris of Troy.
The very butcher of beautiful Dreamland
Beauty is not in the dream but thorns and twistles hidden therein landmines of gold.
Feeble princes jest at these scars 
And Helens their merry queens to snob the beautiful dreams
O what a choking gall,a malignant spirit,to snob beautiful flowers, fairies'midwives for duncy Helens
And lo all the colours of rainbows bade goobye to havenshore 
Victorian hills upon victorian valleys ,



HYPOTHESIS ABOUT FREE MARKET

The world economy is moving closer to nirvana with the adoption of marsolist manifesto.The blogger reviews the coming book.
Mordern Civilization has gained resonance in such unprecedented fashion and everywhere the cumulative fruits of mordern technology albeit its irregularities and regardless of the institutionalised and abject redistributive inequity is enjoyed by everyone around the world.Nevertheless the institutional and theoretical inadequacy beg for moral redress from policy makers captains of industry and in most cases illetered politicians and orthodox economists alike.There is this  belief by neoclassicals or neoliberals that they run free market economy and subscribe to classical school as the enabling platform to mouth their grievance and due to this tangled knot of theoretical abrasion,economics was branded dismal science.This set of  
economic gangsters and dismal scientists do no justice to the profession they claim to defend in a life time.
We set out in this most acrylic discussion to rebrand the discipline and remould it from the tag"dismal science"the ridiculous soubriquet placed on the world most important study that was begun by  great Britain in the mordern parlance.
We should begin by asking the most  elementary question what is free market?Free market simply an egalitarian mode of universal equilibrium and a mechanism that ferociously supports perfect market.And what is perfect market if  i may ask? Perfect market in marsolist economics is a market where buyers and sellers have equilibrium access to income and Investment capital and have the same buying power and selling power and that whatever is supplied is completely sold and whatever is expected to be bought is completely bought.That buyers and sellers have equal access to buying power and selling power to both purchase and sell.Perfect market is an equalitarian market and mass Poverty and inequality of wealth is alien and economic growth is guaranteed by quantity theory of equalitarian money and credit money and Abraham growth model.To juxtapose that definitive appeal with neoliberal economics,it shows western civilisation mordern hasnt yet comprehend free market not yet a starter in free economy and what they infact run is closed economy or partially free free market guillotined by power triangle that is hijacked by capitalists.
However we should observe it is this same market that socialist economists or communist enclave,struggle to discover in vain and fought the closed market economy 's capitalist enclaves in vain and later sells imperfect market defining it wrongly without even knowing it,when neoliberal enabled the crash of old Soviet in early 90s.They fought each others for more than a century and they did not for once unveil the fundamental source of ideological differences and that is to be the discovery of Free market and its perfect market the final theory to take mankind to the golden age.The deployment of missiles,amunitions and artileries in all form was a struggle to discover to earn the acolade of the most powerful nation or richest economy on earth.A vision that is impossible unless economic power is attained.To stop world wars and recessions and depressions,we shall have to adopt this formula.
Moreover due to the imperfect mark it sells mordern Civilization does not all free flow of capital basically they don't know the nature of money, even though they claim to let alone unravel how to distribute the characteristics of money,they taught me,us or the world in their elementary textbook or how money flows and basic things like what is money supply?When you read the various version of the quantity theory of money since it was mooted by school of Salamanca or by Copernicus in the late medieval down to modifications by Irvin Fisher, neoclassicals like Friedman,you do not have to think twice or bicker to think twice to pass your verdict having unravel the avalanche of monumental deceit hurled upon gullible globe.
Perfect market may be contented with moderate profits and wealth distributed evenly and use of technology including the phenomenal gains distributed evenly. To mean that there can be no limit to growth as in Ricardian growth model that instead of economic stagnation,economy tends to readjust itself though not like classical and neoclassicals once muted.
In the perfect market,velocity of circulation , exchange, supply of money, transaction and redistribution would be quite unprecedented and not much fear about inflation than the stake of Poverty eradication portends in the long haul.The monetary cycle and equalitarian quantity of credit money shed light in this context.

HAMILTON UNIVERSE.part 1

Hail,for the sweet allegory of Oracle ,My doddering heart sinks,Did all the mother Carey's kitchen stupefy; Hypnosis to gritstone , vertigo barely aberrant , And cast aspersion from a tenderfoot aloof ill disposed,But what bravo availed my dainty steel grimace?The abnegatory crust of peregrinatory Wiles .Like a ballerina, dancing to the mellifluous cymbals of the ballet the minstrel of the reprobate ego,rollicking to the clangour of the circadian rhythm and wilful ados has joggled and jockeyed for position boobstrap in my jogtrot.Did all the trappings,and inconveniences my vaudeville bank affords.My airworthiness,airworthy holyself within airs and Graces an albatross?How dare you an arboreal,antiheroic, antediluvian, amateurish, juxtaposed
 himself ambidextrous isle of the manx? Your archetypical alterego bickering altitude for aught I care to shoot archery of arcane,arcadian  arabesquely in your Armada of argybargy dogeat dog parishpump politics of psychotics arms race  august repugnant.All ashore,archipelago  of artycrafty hoodwink  to asphyxiate au fond asperity cloned with animadversion and  aurtarchy hung at inverse proportion to your renegade autsally.A babel of babblers'babbles like the vociferous babyhood confronted by babysitter's axes to grind dangled across your belly button upon the tangled spine and spine tingling of sedate harrowing baby minders, strangled by obstreperous babysitting tipsoma niac hangover.Not barefaced the dingy space of baneful influence and agoraphobia.Bespattered by beetling beetles of porous benign themselves in recrudescence of memoirs of Hamiltonian universe drowned by hoity-toity and well hung prejudice of madisonian and Jeffersonian mainland America ,a balderdash of kleptomaniac and kleptocractic hewn, nebulous plains and a reprobate of mothernature's pall of gratitude.Adlib they plowed mainland atavistic atavism their Trojan horses as kinky boatswain,adlib they bickered and ducked  ashore with politicking nebula, perspectival aetiology hardly affable lay adventitious ambush neither aportiori aprior impugned their afterglow, afterefect and aftermath nor long derailed by vacuous clouds.In the agoraphobia amphitheatre of mainland America Republicanism was an afterthought.Not much as the aforementioned ageless teaparty cabals it profited immensely from and the usurper of the plains.Mainland stood aghast and askanced to panygerise and pour traduce on Hamiltonian frankestein crabs,the aggressor ecosystem took agrieved agonising alarm beyond stampede.Stamped upon this allegro of allegory  the minstrels of mischief and perfidy hand sunk an nod sung the mainland 's almamatter for more than twice a dozen deconium of treachery and sounds so disgusting its alteration of class struggle amenities.He like anchorite he pleads he like anchorite he sojourns,he like birds of passage pleads Paradise to then banana republic.Hamiltonian America pelted with public contempt'antiquarian aloof, askanced , antedated and antiqued"to sound quaint flushed off the velvety circumferential radi of its stellar circuit by invidious aggressors.The assymetrical astral  of the Hamiltonian aureole struck  dire atavism in the August contempt for the squireachy of Republicanism .Alas,the autarchy of Hamiltonian Aurora traited with erotic audlangsyne usurped for auspices of Madisonian and Jeffersonian infraction.O nebula was born the silver spoon propaganda and demagoguery squeezed rapturous lackeys and charlatans blankets her plateau like a chilling fog.Those who rode pillion rode second fiddle rode to vertex with tempest with the back hand stroke of perfidy , mutineers 's sloth and avant-garde aversion.They  the colonel blimp,goofs of practical politics and equitable psephologists.They denounced the great messiah of industrial salvation and mordern Civilization.From the backspace ,they backslide hence from the backsit as backroom boys.

THE TRUE IDENTITY OF A FULFILLED DESTINY.

Identity is better than character and it is what you seek that is  what you get.What you are is more than what you can do.When people see you they don't really see but you or your very first nature goes beyond character and it is nothing but your first nature.
Every engagement  ,ado , obligation  , destiny or custom or activity requires this rational law to be successful.So , a true destiny must operate with this d
Law otherwise it becomes nothing fails like failure.The success of a destiny gives you Moniker or that identity and it takes many capabilities or characters to sustain an identity.Writing in 2001 on Sunday Champion October 28,in the page 30 with the essay entitled: Raising a great family (2), David Oyedepo opens the piece with'Who you are is more important than what you do."And that the future of a family is determine by the nature of those component-individuals forming it.Then he warned against pride being the destroyer of destiny.He said was a major source of family break down victims of pride leading to frustration, stagnation and divorce cases.I think we cannot quantify the virtues of character to beget the true identity of the human persons. To get a good reputation or a befitting identity a good character or tradition must be cultured in the most appropriate mass.
The same with nation and the lack of character is a major source of national underdevelopment..

POOR WASTE DISPOSAL AND ACCESS TO SAFE DRINKING WATER.

The power of environment by nature that supports life and culture including plants and species cannot be underestimated.When healthy environment comes under siege plant and animals are also threatened.
Poor waste disposal , scarce water,lack of sanitation or Insanitary means of waste disposal have been described as the major bane of healthy environment in Nigeria.
There is threat on human life and such phenomena has greatly ballooned the high incidence of infectious and parasitic diseases in Nigeria.Affordable access to safe drinking water can eliminate 80% of diseases and ailments in the nigerian society.Less than 45percent of nigerians have access to safe drinking water.The available data does reflect the good health indicators for the country.Some 30million nigerians who could not have access to safe water and due to the risk of onchoccerchariasis  are under risk of blindness .
The improper disposal of municipal waste leads to prevalence of food borne diseases in the country.Unlicensed food premises ,food street hawkers and dirty bukaterias  quite risky to afford.Indigenous waste management facilities hardly exist and malfunctional to create safe environment.State governments fail to adopt effective environmental health principles that ensure delivery of quality environmental health services.The proliferation of waste recycling plants and recycling practioners and lackadaisical improvement in human waste management that was not attached to sustainable environmental protection and promotion.Procurement of refuse collection routine equipments,industrial facilities,that have gone moribund in the face of poor health inspection of public occupational premises has tarried for decades .The alarming rate of ecological degradation such as deforestation in the North and oil spillage in South south and border conflicts in all geopolitical zones attests political indifference in Nigeria.

IGOR SERGEYEV:THE BEST NOBEL PEACE PRIZE THE WORLD NEVER HAD.

Igor Sergeyev died in 2006 at the age of 68 years on November 10, a man of many parts the best Nobel Peace prize winner the world never had and barely no one would talk about it.
Let me tell you something about Sergeyev Russian first Marshall,the only one to have held that position and the minister of defense in charge of the Soviet army.When Russia started its reckless  campaign  against  chechen  fundamentalists in September 1999 he was also in charge as well as the operation in Barents sea in August 2000 when submarine Kursk including routine staff was  lost for which such accidents followed by badly planned forays of rescue attempt,few months after the commander in chief of Russia's Strategic Forces was sacked.With the crash of Soviet Union ,in 1991 he had the ultimate task of ensuring safe handling of Soviet arsenal and missiles  not fallen in wrong hands.This involved the long range missiles that could strike america 
 and Western Europe  excluding the tactical nukes that were already evacuated from the caucus and a host of conflict prone zones.He masterminded the evacuation of the long range missiles from Ukraine, Kazakhstan and Belarus and returned them safely back to Russia.That was his greatest achievement: handling disintergation of old  Soviet deadliest  nuclear arsenal.Detached their warheads,removed their heavily toxic fuel and disposed them from their combat ready nature.Those kind of operation  was complicated and often source of constant anxiety that he had to ensure the american counterparts General Butler Lee and admiralty Henry Chilles of nino constant threats and unauthorized launch until they were safely disposed.He assured that America was not about to be dispossed of environmental security and hit by stray nuclear missiles. Like Chechenya he did not abbet nuclear rivalry with the west nor did not ever actively supported attempt couple against Mikhail Gorbachev in 1991.Economist magazine of the period labeled him ".....a responsible professional"who could have fought against the disintergation of old Soviet.

INFRASTRUCTURAL GAP , ABANDONED PROJECTS AND FINANCIAL RECKLESSNESS IN NIGERIA.

It is not out of place to conclude that the heavily malformed Nigerian economy is not only deteriorating but also in serious dillema and somewhat irrecoverable mess.We cannot challenge nor compromise the epistemology that the debilitating ratio of recurrent to capital expenditure is quite nauseating and chronically lopsided with no multiplier effect even where contraption of capital expenditure was undertaken.Moreso as we have proliferation of abandoned projects everywhere.Ever since the return to democracy,this Inherent routine of financial lackadaisical inaptitude had worsened and persisted, garnered much more casualties than the gun shot that was heard at the Nigerian civil war or even the greater gunshot that was heard at Lexington and Concord.
In the last essay we treated the solution to nigerian problem basically the adoption of Abraham growth model.The coordinating minister of the economy and finance minister okonjo nweala in 2012,had noted the staggering dent of this wasteful spending when he said and I quote"Our expenditure pattern has been very volatile and quite unsteady.This is not healthy at all.We want to cut recurrent expenditure and restrict it to below 70%  of annual budget."Today the current budget is still  not yet in favour of proposed capital expenditure,though we're still concerned with unrepentant subsidy politics .Way back when the budget was 69%recurrent in 2014,a report of presidential task force headed by  Bunu Sheriff a former  minister presented in 2011 was quite alarming as it was then disgusting.About 11,886 abandoned projects by successive administrations required a staggering seven trillion to complete them .Today abandoned projects have more than dotted the Nigerian landscape and skyrocketed everywhere and too nauseating to behold.In the report by Vincent Ezenagu published in the Oriental News about 56,000 abandoned projects littered the nook and cranny of the country worth twelve trillion naira left moribund for over two decades.Poor costing, bad contracting,bad financial capability, corruption, incompetence and poor knowledge were cited and identified as the main reasons for the failure.Access bank group,head risk management and project monitoring,Dr.Edmund Otaigbe lamented the unfortunate situation in which the projects were either abandoned or cancelled.While he called for national policy to address the messy situation,the project management institute chapter president  Paul Omigbe urged government to patner with them to end this bad experience.From the worst case scenario of Ajaokuta steel Company conceived by military regime of obasanjo in 1979 to be completed in 1986,covering over 400km,that gulped over $8b.still 98%completed,to the Nigerian military aircraft, federal Secretariat,Suleja international hotel, Bayelsa tower, Millennium tower,Minna five star hotel down to the colossal nightmare of Nigerian airways formerly West African airways  were heavily abandoned with impunity.Nigerian airways a special sorry case had 8,000staff at the peak,ferried 600,000passengers annually, pioneered air travel in black Africa, inspired Kenyan airways, Ghanaian airways, Ethiopian airways and black African airlines,the sorry story was not the same but out of this world.There are more dead airlines in Nigeria than in any country of the world. After using our model to develop other climes we couldn't run our own.What is wrong with us?Arik formerly had 19airlines and now under receivership.While foreign airlines in other climes are thriving local airlines are still complaining of high cost of aviation fuels. The Federal Secretariat became moribund,when federal government relocated to FCT Abuja in 1991.When you pass through no.147, Marina str.abandoned projects have become a hideouts of criminals.Nigeria is a crazy country.The funniest part top projects that were even completed like NFF building were also abandoned and unused.Suleja international hotel at the foot of Zuma Rock along Abuja Kaduna road was left to decay more than forty years after it was conceived.It was conceived when the capital was relocated to Abuja for use by federal parastatals, embarked upon not only as five star hotel but also as a tourist destination world wide.Why was it abandoned?Was it because of the myths that surrounded Zuma Rock?I beg to disagree with this prejudice.Scary myths such as the gateway to after life , sacred hunting of the super natural powers, avengers of the wrong doing and a host of other zuma myths scared potential tourists, stakeholders,investors away.The 18storeyed Bayelsa tower codenamed "Towers of controversies"another proverbial still born,messy stillwater was initiated by Governor Alamieyeseigha left moribund after it squandered state meagre resources.Millenium towers and cultural exchange located in the central district the tallest artificial skycrapper in Abuja at 170meters or 560feet was designed by Nicolleti Manfredi.Roc International hotel was Initiated in 1981 located at Sphere hills in Jos north local government of plateau state on 29hectares.The monument was conceived to have 318rooms,luxury suites, presidential suites,casino,specialised restaurants, Olympic size pool,helipad,golf course,cinema,horse stable including diverse luxurious facilities,close to 4 decades uncompleted.Plateau Olympic stadium gulped over 8billion naira uncompleted for thirty two years (1988-2014). Rivers Moonrail project was initiated by hon.Rotimi Amaechi to cover 12km at a cost of fifty billion naira but was abandoned at just 2.6km.into the project.
NITEL Building  bought by former speaker Dimeji Bankole was jettisoned for two decades like national oil building,NICON building and federal government house in victoria island.A 5 star skeletal hotel in MM2 was also abandoned for two decades.The pan African centre originally dubbed Oluwalogbon group towers located on Adeola Odekun Rd,12floors developed by Oluwalogbon motors was abandoned for a decade.The Waves Towers one of them completed by Ecobank was pioneered by Oceanic bank.What about old federal Secretariat complex?The luxury collection hotel formerly Le Meridian hotels cast aspersion on the national capability to manage towers in general.
In the break down of this national embarrassment,Dr Victoria Okoronkwo  President and Chairman of governing council , chartered institute of project management in nigeria in 2015, estimated abandoned projects at 12trillion naira. In the online diary Newswire NGR break down their spread across the geopolitical zones.They comprise of 15,000 projects in the South East alone, Abuja,2,000 , Southwest 10,000, South South 11 ,000 , Northwest 6 ,000 , North Central ,7,000 , North east 5 ,000 respectively.
To add insult to my headaches or injury,in the course of my media research, I thought it was over until I stumbled into the worst case scenario and the worst embarrassment ,I ever had as a Nigerian blogger or reporter.It was the report by Musliudeen Adebayo in an interview with Professor of economics , Ademola Ariyo at the University of ibadan, shocked me beyond bone marrow.In the interview published in Daily post the don threw  bombshell that over 400,000 projects were abandoned per annum by politicians for good two decades.If 56,000 projects could cost 12tr.or say 20tr.for 100,000projects,then it could be 80tr.per annum or  800tr.naira per decade or more $1tr.or over $2tr.in two decades.This is phenomenal financial RECKLESSNESS.Infact using the black market rate,it could cost more than the above estimate to complete them.
This offers us a good empirical evidence of a poorly planned economy and most of the projects are somewhat outdated and requires fine-tune in line with latest innovation.
We should be able to comprehend our infrastructural gap because we're a joke a huge non starter.In the cost of my research to turn nigeria into the most beautiful country of the world with the most beautiful cities we shall have to spend between $25tr.-$50tr.to produce Paradise on Earth . Did  I hear El Rufai say cost of fixing infrastructure was five trillion dollars?I was just laughing when I came across the figure in a  PostScript essay on Thisday.Infact we re doomed when top technocrat like that couldn't do proper calculation.Now we know we should take action.

May 11, 2023

THE MIRAGE OF PRODUCTIVE SPENDING IN NIGERIA.part

There is no alternative to broad based economic growth ,stages of growth and Velocity of  growth including times forecast.Here  the blogger Ibikunle Laniyan in the treatise below examines the causal link between public expenditure and economic growth on one hand and on the other hand unveils  reason behind the causal break between the two leading development indicators and proffer solution.First,it critically examines growth models as substructure  sometimes institutional disincentives and critique them.Enjoy the reading.

The intricacies of art and development,go beyond the territorial limit of intellectual,practical and theoretical orthodoxies in a fast changing mordern turbulent market environment and keep evolving its anatomy of theoretical forays till a tested formula is procured.Nevertheless,we barely have the aptititudinous capacity to thoroughly examine the strategic impact of public expenditure on output growth in Nigeria either maximally or minimalist in a strangulated horizon where there is fractious break between the Public expenditure and economic growth.Distortionary taxation and destructive expenditure significantly distorts and structurally impairs  both the short aqnd the long run impact on growth and development to make productive spending an aberration in Nigeria.
We shall have to understand the strategic imperatives of growth modeling,method,growth management and development market to create a sustainable leverage for productive spending,in the right proportion to generate sustainable development and capital development respectively.
In the classical growth theory a nation's economic growth tends to decrease with limited resources especially when it is faced with exponential population growth .That a temporary increase in real GDP per capital often leads to population explosion ,that would limit a nation's resource and consequently decline GDP growth.The Ricardian growth model was dominant in classical economics especially domineering in the chart explanatory structural model movement between y-axis of total production and x-axis point of It predict a limit to economic growth though economic stagnation can be post poned and not finally avoided.Causal movement between OW,ON,OP,NR and RG.
Moreover,the classical models of economic development comprises of four schools of thoughts.first the linear stages of growth model dominated by theorists of the fifties and sixties and viewed development process as stages of economic growth which countries must pass in successive series and growth cycles .It entails right mass of savings , Investment and external aid to enable developing nations experience growth like advanced climes.Therefore they equate development as rapid aggregate economic growth.The linear stages was replaced in 1970 when two fierce competitive theories mainly theories of structural change and International dependence theories emerged.As the saying goes on African soil ,we barely subscribe to structural change models given much more to serfdom of the latter.The latter tends to emphasize the dependence syndrome including external and internal institutional, political and economic restraints on Development .One finds it hard to believe what emphasis can we place on new Poverty eradication policies for massive employment opportunities and reduce income inequality that is driven by such dependency syndrome?A sole reason behind the operational futilities of structural change engineering factors that guarantee monumental economic growth.Such mechanistic transformational impulse to transit developing countries from subsistence economies into industrialised climes witness perpetual setback and posit the policy makers to obtain vital reflection for national transformation and social change.Two well known samples Include the two sector surplus labour theory of Sir Arthur Lewis first black Nobel laureate on economics and development patterns'empirical analysis of Hollis B.Chenery and his cohorts.The growth model by neoliberals or neoclassicals or free market counter revolution prevailed till in 1980s and 1990s although neoclassical wage theory ceased to be relevant in the great depression,when it was outwitted by keynesians.They dominated Breton woods till date
Contrary to neoclassical growth model that conclude aptly that government spending only affects economic growth in the short run;this assumption marsolist classical growth model disgrees and enthuse differently that it affects the bottom line both in the short and long run.
Sequel to the soft landing of this treatise,we re bound to cursorily reflect on this review to some extent including the fundamental economic growth models to which the author love to cavil.In this context, much references to neoclassicals is required as we  explore the strategic,technological viability of these models to the nigerian environment and unveil why the causal link had persisted beyond the hardship of moral decadence like corruption and tribalism in our soil.
However ,In the Neoclassical growth theory ,growth is based on several indicators to manipulate economic forces .It is an economic growth model that depicts a steady economic growth rate outcome using three economic forces mainly labour , technology and capital to achieve output growth.The most popular version is the Solow and Swan growth model.It postulates the varying amount of labour and capital produces short term economic equilibrium to play significant role in the production process.It not  only argues technological change influences total economic growth but also outlines vital factors to achieve the change.It differentiates however short term equilibrium from  long term equilibrium and that it  barely requires any of these factors to accomplish economic goal.Whereas in the endogenous growth theory which states that economic growth is internally generated factor and not externally generated item or by exogenous forces and contrast neoclassicals ' use of exogenous forces like technological progress as sources of economic growth.The deception by this school to reduce government size belong to classical and neoclassicals.
It is absurd to adopt Adams Smith's concept of minimalist government intervention in the provision of public goods in the developing countries comprised with non-existent, malstructured and poorly performing private sector.Infact neoliberals may not like it abit,it is anathema to adopt such framework in advanced countries in the absence of ideal equalitarian macroeconomic architecture.And provided massive taxation Investment brazenly ignored,it could lead to egregious and alarming rate of high inequality of wealth .The despondent episode of the great depression of 1930s,in which the keynesians saved the day disputed the reverential logics of classical thoughts.While the keynesians supported the intensive use of public expenditure to stimulate agregate demand,the neoliberal school differs extremely to implies that underdevelopment arises from poor resource allocation based on incorrect price policies and government intervention in economic activities.They advocate free market services,free trade promotion and export growth.
In the linear stages of growth model, Rostow's stages of growth incorporate development growth model into five stages from the traditional society,the preconditions to shoot into self sustaning growth , the take off,the maturity drive , down to the age of high mass consumption.Rowstow's lack clarity though he himself clarified the stages do not generalise factual observation of the sequence of growth into mordern society.You barely needed to understand unclarified stages that might change too quickly but rather the stages as well as the process as embodied in the development cycle transition.
In the 1930s RF Harrod and ED Domar formulated Harrod Domar model that suggest savings provide funds borrowed for investment purposes.It states the rate of economic growth is determine by savings rates, Investment productivity.The model was proposed for business cycle analysis and later adapted to examine economic growth.
Nevertheless,it is ideal to rationalize that every nation devise most ideal method that perfectly fits its environment and such model must be homegrown devised by local researchers.Take Russia for instance, Marxism was the flagship of growth ideology.Between 1880 to 1914 Czarist Russia grew rapidly than the rest of Between 1917 to 1933,old Soviet Union experimented different socialist models , before settling on Marxism and Central planning.Between 1960s and 1990s old Soviet experienced stagnant growth,chronic shortages and inflation erupted.Marx had argued the only power that gives value to a commodity is labour power.That labour is the producer of surplus value appropriated by capitalists.An Injustice of stolen  and  unearned income that can be corrected by transferring this surplus value back to the workers through the ownership of factories.He saw capitalism as unavoidably proceeded into communism.Capitalism according to him could not continue unabated with Imbalanced growth leading to high inequality of wealth.
Main features of Marxism Include government ownership of production; Central planning;equal distribution of income;theory of surplus value etc.Let me repeat according to the shaping of Western Civilization my foremost book,what the rest of Europe did for almost hundred years ,old Soviet did in a decade.Most western theories hardly work for nigeria.Wagner's law for instance ,in the theory of government expenditure, proposed by Wagner in 1883 ,it states that as per capital income rises the sum total of government expenditure or public spending on GDP also increases.This kind of growth also have direct impact in public good provision and social welfare and in turn improves industrialisation as well as boost agregate demand.
Every nation has monumental challenge of development hurls on her neck in the tedious and intensive practice of national building and capital development.Ever since Wagner's law ,there has been more debate on this gigantic responsibility of public spending.Infact with the advent of Simon Kuznets'theory of economic measure that later metamorphosed into Gross national product and the solid platform it provides it grew in significance .This indicate the methodologies behind public expenditure must be self critical and open to innovation at least every decade perpetually evolving too as the economic and political system evolves.This is necessitated by two factors mainly growth in theoretical innovation and the main challenge in terms of exponential growth in population time bomb,the final adversary of mankind.To abhor this fact,is to risk growth perdition and balloon monumental growth of social underdevelopment common in African countries like Nigeria today.Otherwise the strategic impact of public spending over output growth could be demoralising , demeaning and heavily stunted.This brutish nightmare leads to the breakdown of causal link between public expenditure and economic growth.Such spectre of public expenditure is a mirage before which simply abhor the knowledge of this assumption.The breakdown in the link between public expenditure and sustainable economic growth and development is quite unaffordable and a major abettor of checkered antecedence of massive underdevelopment in the land.
The assumption of fundamental classical marsolist economics disagreed with scions of Adam Smith's school.Churchill,Ugur and Yew(2016) posits that large size of government is detrimental to growth and development, lampooning classical and neoclassical growth models.The study states public expenditure is anathema to growth and cannot increase growth when economic reaches maximum capacity.Obviously ,depending on the nature of macroeconomic model at hand,when nations apply Wagner law and Kutztnets'formula  for economic progress as bespke resources of ideal growth cycles, exploring resonance nothing is impossible and not much institutional and ideological  cluelessness can be found in the region that no longer parade weak and heavily disorganized private sector.The political corporate system model that underpins public sector governance should be so  designed to incorporate most ideal type of macrostructural and bespoke macroeconomic architecture to make it work.Otherwise cumulative backward regression returns deeply turnovers chronic underdevelopment as was the case with Nigeria.
A Nigerian study by Ebong et al (2016) that examined the impact of capital and recurrent expenditure back up with empirical evidence over the period 1970-2012 reveals positive growth in infrastructural development in favour of capital expenditure in both the short term and long term.Whereas Onifade et al(2020) using ARDL model as well as 1981-2017 shows recurrent expenditure affects national our put negatively in sharp contrast to capital expenditure.Taking a cursory look at the budgets of 4.9tr.and 4.6tr.over the period 2011-2012 with 69%and 71% in favour of recurrent expenditure and close to 3trillion naira gulped subsidy per annum,attest to Onifade's as foolproof evidence. In the breakdown of 2020 budget signed into law in December 31st  have the capital expenditure of 5.4 trillions as oppose to recurrent of 6.9tr.What is the keynesian multiplier effect of such spending?Does it make sense to build airport in jigawa compared  to Lagos which has comparative advantage over air travel and where international air travel consumed 70percent of air traffic? The funds invested  in the commercial capital will have better  multiplier effect than in jigawa.Infact capital expenditure must be tied to competitive advantage and positive multiplier and anything less is financial waste.Government expenditure should create proportional growth in overall income for population. The most ideal place to cite yam processing machine is Zaki biam market in benue and to the oil and gas Investment niger Delta is best place to invest.Anything to the contrary is a waste like recurrent expenditure.
Devarajan996) riding on a survey of 43 developing countries over two decades refuted the notion productive expenditure contribute meaningfully to economic growth.Contrary to the above ,Kneller Bleaney and Gemmel(1999) supporting Gremmer(2014) in a survey of 22OECD countries.In terms of functional classification Lin,Ali and Lu(2015) in a survey of 29 OECD countries found positive correlation between military spending education and health care expenditure.Atilgan,Kalic and Ertugrul(2017) unveils the link between social expenditure in health and economic growth.Frankly speaking ,going by the survey empirical evidence abounds to prove the causal break down with stylised prudent facts in the structural link over the years and in most cases a common ailment in the developing countries.A huge amount of public spending squandered on public expenses,overheads,debt servicing and prove a mirage of public expenditure in developing countries defeating public optimism that such spending boost economic growth.
However , the extant realities seem to suggest that Nigerian economy is not experiencing commensurate output growth from the avalanche of convertible capital This proportion of GDP between 1970-2019 had drastically declined.Average public expenditure 1970-79 stood at about 21% rose slightly to 21.57% in 1980-89 , down to 14.07% and 7.67% in the period 1990-99,2000-09 respectively.Like the case in Nigeria ,owing to World Bank deception most developing countries reduced the size of government and participation in economic  activities.This was linked to the deregulation of the 80s a sequel to Structural adjustment program that came in July 1986 .Whereas the system of government bequethed to the region that enables moral decadence Including the macroeconomic framework and  growth model was conterproductive.Total government expenditure ballooned in the period 1970-2019.In a breakdown of 31.70% ,23.20% ,41.24% ,15.82  and 11.82 % during the period of 1970-79;1980-89;1990-99 ,2000-99 and 2010-19 respectively.(CBN2020). Conversely ,the Nigerian GDP grew at a tardier rate in contrast to the staggering growth of public expenditure.It grew by about 7percent for the period 1970-79 dropped to 0.74% in 1980-89 ,contracted due to recession of the period.It recorded moderate growth of 2.31% , 7.68 % and 4.05 % in the decades 1990-99 , 2000-09 ,2010-19 respectively.(World Bank 2020).(CBN Journal of Applied Statistics (Vol.12 ,No.1(June 2021),139-174).
In the data methodology study using time series and secondary data for impact analysis from CBN statistics bulletin and other allied sources were situated within the model specification and neoclassical context to assume 
Be that as it may what kind of economic precedence we place on the quality and quantity of the growth we desire?
I do not submit to the specific consensus of Cobb-Douglas production function as the agregate production of the Economy as specified within the endogenous model framework in the below equation:
Yt=F(kt,glt,g2t)
Where Y is output level,k is available private capital ,g1 and g2 as government components and T is time , but could be made more  efficient rather as the Abraham's production function in the below equation instead:
Yt= Pct , g1t , g2t ,ti
Where Y is yield and t for time
And pc for public capital
And Ti indicate taxation Investment.
The truth is to  understand growth and development in synopsis and agregation we should first and foremost examine or peruse the use of money.Getting rid of Western models on money and with monetary cycle  we have a soft landing and resolve once for all the mirage of public spending in the country.It take care of the challenge of moral decadence.
Monetary cycle in the quantity theory of equalitarian money is the main resource for growth and development work alongside development cycle to abide by  the growth process.Take a look at the golden growth cycle of the Abraham's equation or Abraham's golden growth cycle(AGGC).AGGC model comprises of three independent equations :
Gt=g(mc,cc,dc)mc+be 
Where gt is growth +time,mc is monetary cycle,dc is development cycle + mc is macroeconomic cycle .
Mc = Mt(mp,c,ex,Ms,vm,vt,r)
Where Mt is money +time,mp is minting and production,c is circulation,ex is exchange,ms is money supply,vt is volume of transaction,r is redistribution.
Cc=cm+ti(cm1,cm2,cm3,cm4 ,cm 5,cm6,cm7) 
where cc is credit cycle
Dc=ggc(c,sc,g,sg,d,sd,me)cp.
Where dc is Development cycle.
In the author's book The Quantity theory of equalitarian money and Development cycle,we explain the equation in full clarification.

With the adoption  of Abraham's production function the mirage of Public spending and the causal break down between public expenditure and economic growth may finally be resolved.
In the wasaap text messages shared with prominent Nigerians,we chatted on the hope of new nigeria under the president elect.I said Nigerian GDP should grow by 2,000percent per annum skyrockets to $90tr.in five years unprecedented in world history creating three hundred million jobs  in three years.I made bold to conclude that that phenomenon is possible only if the new government adopt Abraham growth model.

May 7, 2023

QUEEN VICTORIA .part 1

Victory is  a beautiful damsel 
 a dancing fortune Madonna and a mermaid aloft wobbling valleys the quendom of Mt.everest.She is the land victoria and every earthling wishes to migrate there whereon their Dreamland softens her grotesque for itinerary.One sobriquet for her purblind son and primogeniture , exuberant John doe , now Cupid he that shot down disatration to get there.King Cupid loved to be crowned with victorian her ebulient shore.It is too rash not too believe him in the worship of the everest maddona.Victory is too coarse for you cannot get it if you defy Dreamland victorian hills.Victory is hoarse she does not speak aloud.No one hears her excerpt king Cupid.Else would I tear the conscience of the nebulous benign where dread abides .And make her nest of avarice for the Dreamland voyage,more gluttonous for the flight than the windy swerve of the eagles at flight.Hood thy unfeigned blood dearth darting cockatrice of king Cupid.He has all the tapestry and many a Victoria hath he bedded been there frolic.Unless Dreamland memoirs'recalls may the case suffocate atrophy.This Dawn I hold amuck a much cherished August feast over this nebulous valleys with king Cupid. And the colours of rainbows returns ere dusk.From the vile of vain sweet hocus-pocus beyond compare we smothered unfair art ostracize what hagard foxes and nefarious monsters keep  in swollen malediction,not here in dark shall we be his paramours to sloth so much as gays to forfeit the benediction of victoria .And for the dread of that overdose,will they be sloshed for far too long to loose her love? Never from this palace of nebula we shall depart for the quendom of Everest.To shake off the yoke of oxen and the lugubrious stars for the everlasting rest.Blood of guilt and revenge spares them not vile beginners who die ere the fray In the palace of dim .Kinsmen of servitude dread makes them false and hoarse.They will be deaf to munition of admonition and alert to excuses of false history.Nor guilt nor regret shall recoup sunny times . Therefore let them not quit in shallow earnest till the cloudy night ,exit the runaways of love performing songs . Amorous rites spring to beautiful Dawn and natural beauty of Queen Victoria.This queen should be crowned in grandiose heaven from the acolytes of Cupid princes .Hath the Cupid princes in bulge modicum slain themselves?If they be slain who saw the wound-laity or coroner's inquest ?If they be pale and resurrected from this piteous dusk ,what magic potion ?Let her flavor from the king Cupid's valley banish this nebula.To worship the king to get the comfort and take the gauntlet to the triumphant hills.Where is the queen ?No one knows here her whereabout and speaks only in silence when the sun shines.Bondage of failures hath banished her to the hills . Cupid princes tell not the  unaccustomed joyful tidings in the valleys.Victoria is banished and the world Knows nothing about her ;for the world no longer her oysters.The mightiest princes gain her love and make love at her pools , where they put to death weakest princes.

May 6, 2023

THE RETURN OF SUBSIDY.

As the new government takes over power this month,we return back to our common fate the so called subsidy politics.The blogger Ibikunle Laniyan,shares his archival memoirs of prior subsidy protest exactly a decade ago.The question is:Can we get it right this time?
The plight of Nigerians over the last decade  and much beyond,has taken an excruciating dent and deplorable state begging for uncommon redress beyond the  strategic limit of Western macroeconomic contraption.There was wild jubilation in the land in 2011,when group of nigerian professionals including musicians trooped to Eagles square with songs and choreographic display to give their patronage and moral endorsement to former president Goodluck Jonathan.The artists mesmorised their humble audience including students, traders , labour leaders and their fans.They heaped praises on the son of humble local fisherman from Otuoke ,Bayelsa .
Unfortunately eight months after their music had turned to tears and curse.Why?The heartless decision of the government through the Petroleum Product Pricing and Regulatory Agency to remove subsidy on January 1,was to blame. The same Eagles square that was formerly used to sing his praises was jam-packed by antisubsidy removal protesters.It was led by Dino Melaye former member of house of Representatives.According to punch journalist Olusola Fabiyi , despite fierce resistance from commander of the brigade of guards Brigadier Gen . Emmanuel Atewe who dispatched officers and soldiers from presidential villas to dissolve them including the men and soldiers from State security service were not perturbed to fight the government to a standstill.Melaye in the address to the protesters ,described the decision to remove subsidy was wicked.That "it is wicked ,it is satanic ,it is nefarious ,barbaric......."Nigeria labour Congress and Trade Union Congress collected almost a thousand signatures from the people to register their anger and disapproval.The commercial and government businesses were paralysed with heavy deployment of armed security personnel from major roads and lined up till sprawling Federal Secretariat.Still there nigerians were  undeterred.This also included popular Berger junction down to Wuse market and AP plaza junction renamed by protesters as Freedom square . They fought government to  revert back to 65 naira per litre.The protest also took Lagos by storm.
At the Gani Fawehinmi Freedom Park,Ojota, Lagos,in January 1,2012 there was once a rancorous gathering of disheartened faces and disgruntled elements in the nigerian society who risked their life to say no to removal of subsidy by federal government.The anti fuel subsidy removal protest that took place at the venue which was constructed in honour of late Icon of human rights Gani Fawehinmi,protesters took to the streets with their placards,both Muslim and Christians and raised eyebrows against the pathetic situation of their suffering masses.
It was a day worth its memoirs marked with huge dose of funfare, music and carnival when nigerians show solidarity to fellow nigerians.According to elaborate report of the day by punch journalists amiable ladies Adeola Balogun and Bosede Olusola Obasa,the delegation of the muslim community was led by chief missioner of the Ansar Ud-Deen society of Nigeria,Imam Abdulrahman Ahmad as well as the leader of the Muslim rights Concern and Lagos State Univetsity , Professor Ladi Akintola.
The Muslim Ulama created a radical scene at the rally boasted its morale alongside the teeming crowd.The convener of Save Nigeria Group, Pastor Tunde Bakare when he made a grandiose entry on stage and Invoked Arabic verses and the scene burst into uproar with the uncommon gesture of the extravagance clergy.He not only ushered the Muslim leader on stage but also preached religious unity.He noted he was born Muslim in the South but grew up in the north and later converted into Christianity.He said some boko haram elements had planned to use religion to divide the country and that they were not only been antihuman but of the devil and not Islamic.
Music lovers,disc jockeys,fed the passionate crowd with evergreen tunes like afrobeat of late fela anikulapo kuti in the presence of his son Femi who also participated in the protest and spoke before the Mammoth crowd.Also , women were not left out in their purdahs.
Beside Femi, Olaitan Olanipekun 's or Dagrin's songs  were requested by the medley and when the disc jockeys obliged,the ground of the campaign rally trembled beyond compare as thousands waxed his lyrics to lampoon government insensitivity.
From the regalia of Saheed Osupa down to celibacy of female juju artist ,Ayo Balogun who led juju musicians'delegation to the rally,the whole carnival enjoyed the camaraderie of aluta continuum.Considering the Calibre of artistes in her entourage such as Sir Shina Peters ,Wale Thompson,Dele Taiwo and a host of others was indeed a memorable period.
Boozers had a field day, drunkards guzzled spirits and wine laced with cigars ,weeds and chanted their war cry'Ole'meaning thief in yoruba to mock corruption in high places.The crowd came from far distances as traders hawked their wares to take advantage of the crowded rally and made quick money.Fruits ,snacks,trended alongside side attractions like sweet wine.
The conveners did not waste time to register their violent anger against subsidy and in some of the groups an inscription ,'Subsidy: Jonathan Must Go' from a group that paraded well fed Rams at the rally.
They brandished cow horn, indicated herbalist's staff of office and chanted incantation.
Pastor Bakare had urged Nigerians not to give up until president Goodluck had reverted back to pre 2012 petrol price which was 65naira per liter.Infact the people resolved accordingly to occupy the streets until they could witness the desired change.
The Goodluck administration despite lameduck growth in agriculture ,25% pay cut for senior officers in government and cameo aviation reforms was of broken promises ,wasted reforms and insensitive policy.It was characterised by sporadic and heartless bombing as well as indiscriminate extinction and impoverished prejudice for wanton pillage of life and property.We agreed it was wrong not the ideal thing to do ,for a sitting government to squander one third of its resources and budget on subsidy at the detriment of infrastructural development.But as to the ways and means to achieve best method to remove subsidy without impoverishing the populace ,he was dumb.It was in line with this thought that president directed expeditious implementation of subsidy reinvestment and empowerment program (SURE) .Every year of this administration,at least 1.5tr.naira was squandered on the  subsidy alone and sometimes 2.5tr.naira.
As the new government takes over on May 29 ,2023 , new landmines of agitation herald the return of subsidy politics and we beg to witness the return of petrol price to pre 2012 period at least or fifty naira per liter.The president elect asiwaju Bola Ahmed Tinubu has promised to remove subsidy that could be successful if refineries are working including launching of the Dangote refinery.We envisage masses heaving a sigh of relief for the first time in the country since 1986 when SAP was introduced.

April 17, 2023

PHILOSOPHERS' STONE.PART 121

falsehood.It maybe antihistorical way of thinking to declare Aritotelian,platonic as well as any philosophy of the antiquity falsehood.Neither can one fault Descartes thought or Hume or brand Kant's false and Schelling right.Something new is often being added,as reason progresses and human knowledge expand exponentially.That world spirit has evolved from Socrates to Descartes,from Plato to Kant.In the same in Platonic and Neoplatonic had been critiqued,kant too also get critiqued.Those reason by agregate and collectively become the subject of future criticism.So,Hegel claimed that history deals with the growth of world spirit

PHILOSOPHERS' STONE.PART 115

Read previous post on philosophy to  stay informed .
Romanticism exudes unity and strengthened the feeling of national identity.And it was no coincidence that was instrumental to the succesful Norwegian struggle at gotten national independence in 1814.Based on the orientation,in diverse areas,Romanticism is subdivided into two mainly Universal Romanticism and then National Romanticism.Those aspect of Universal Romanticism refer Romantic sect which were basically preoccupied with nature

April 15, 2023

THE SPACE PROGRAM

We have a overwhelming but indisputable evidence that the great old soviet union recorded most of the early milestones in global space project and were wronght by they singlehandedly without the american support who was caught with the competitive bug of petty rivalry trying to place the catch up to the true grandmaster.I make bold to say were it not for old soviet world space projects wouldnt have been possible let alone been succesful already deemed the biggest understatement of the century until the launching of the Sputnik 1 in 1957.We xray the fundamental facts below that built impetus to space war or space race that still perniciously rages and ravages globe even long after the crash of old soviet.There can be no doubt that the first ever satelite launched into orbit by mankind was the popular spuknik in the first ever succesful attempt by mankind.That really shocked the mainstream science community wordwide precisely trying to play catch up wokeup too late from slumbeR too la them from l and lulled a kt The first man-made artificial satelite launched R-7 platform exploited broadbased research and designs by thousands of German engineers in the so called Operation Osoaviakhim an essential catalyst for its success.It also evolved expendable launch vehicles as well as the human spacecraft in 1953.They put the first Man into space,flagging off the space race or war between the two world superpowers.On 12th of April,1961,Yuri Gargarin enroute Vostok 1 capsule became first homosapien to go to space and completed the orbit of the earth.Awarded many titles,honours and medals as an international celebrity includingThe Hero OF Soviet Union',his country's highest award and singlehandedly pioneered the space war between the two powers.I think the barbarian Americans were probably sleeping at this time and for the fact that old soviet woke them up from their slumber could be regarded as biggest understatement of the millenium and the highest affront on their national esteem and global politics.When did the U.S. wake up https://media.gettyimages.com/photos/ukrainian-soldiers-try-to-aid-the-victims-of-a-mortar-attack-from-picture-id1381754262?k=20&m=1381754262&s=612x612&w=0&h=LZo_aBnqGoASP9R_Iwpu79_qpnZJy-mMW7ibRlKJqu4=
left for the landlord who stands to gain where the new rent is accepted by the tenant to promptly take necessary steps to terminate the tenancy.Apellant's (tenant's)refusal to pay the increased in rent is not in anyway tantamount to an obligation to pay the increased rent.Consequently where there is no agreement on an increase in rent the statusquo ought to be maintained and this means that the agreed rent should therefore subsist.See Are v Ipaye(1990)2NWLR(Pt.132)P.298 at 313 G-H;Mba-Ezev-Okufo(1990)2 NWLR(Pt.135)P.787 at 795 F-G."Per GALADIMA,J.S.C.(Pp.18-20,para.B).Quotation is from the COBRA LTD&ORS v.OMOLE ESTATES&INVESTMENT LTD(2000)LPELR-6809(CA)'s case.Also,JOVINCO NIGERIA LTD & ANOR v.IBEOZIMAKO(2014) LPELR-23599(CA) Therefore one is forced to humbly bow to the opinions of these learned judges and admit the fact that rent increment is a bilateral agreement and defies arbitrary increase.Landlords may not raise discriminatorily.In most states landlord cant use rent increase to evict tenants.Precedents.

IGBOs: THE GREATEST LIARS IN AFRICA.part 1

The Nigerian society is a society built upon shaken foundation where fraud and deceit and lies occupy a place of pride that threatened with smethereens the very volatile foundation of what would easily have been the most beautiful country in the world.Why is it that we can't stop telling lies in this context,living fake lives in the fake pretense of a United nation?Every tribe in Nigeria had contributed immensely towards structural cluelessness and organisational dismemberment of the country and subconsciously install anarchy even when they knew it was not ideal thing.Out of the Nigerian tribes working greatly to disintergate the country,the worst of them are the ibopeople.Methink,this tribe appears to be the greatest challenge to national equity and fairness,a threat to the welfare of universal development.They rejoice in lies, satisfied with frauds and deceit and that was similar to German's concept of aryanism that led to the second world war.The IGBOs destroyed the nation more than any other tribe in the country and contributed next nothing to its development.It is unfortunate to say it but I make bold to say it no matter whose ox is gored.These lies are the major threat to the very existence of Nigeria. To be candid unknown to global community,which seems to paint easterners in good light, empirical evidence in the most rational context think so otherwise.An average igbo man tell lies so much easily with impunity and endears themselves to deception and deceit, defending what they ought not to defend.
Let me start with the presidential election to say the  least as the latest anxiety,that was conducted free and fair.But because the disgruntled elements failed to win,they rubbished the whole episode .The greatest liars objected to it in this context the so called obidients and called for cancellation of the election results, without any convincing evidence.Datti Muhammad,vice presidential candidate of Labour on Channels TV,threatened president elect Bola Ahmed Tinubu that if he is sworn in on may 29,that would be the end of democracy.This is more than treasonable felony and MKO Abiola who was declared winner in the hope 93 election and died in prison, didn't do a third of obi's crime trying to truncate democracy.The paranoid obi went to presidential petition tribunal and petition the panel to cancel the election that was heavily rigged in Tinubu's favour.That the president elect was a peddler in drug trafficking worth of $460,000 which was against the Constitution and that his mandate should be revoked and certificate of return confiscated and handed over to him as the authentic winner.How dare you accuse an impending government of crime with no convincing evidence.The case of drug trafficking was dropped by the American authorities including FBI and the court,and must press specific damage because the extent of such damage to a personal reputation can be evaluated.This is more than a treasonable felony and I think the uploading of election electronically does not arise in the first place when it is not included in the Constitution or electoral acts.What then is their bone of contention?Can anybody help me?This is purely tribalism.Infact I make bold to say it;when in true sense of the world even 90%of Americans still voted on paper ballots.
This Datti state ment however led acerbic remarks and made front editorials across the country.Infact such comment that was adjudged for abetting fifth columnists and public incitement had made Nigeria unsettled for more than ever since the end of February election.Professor Soyinka branded such derogatory and libelous statements fascist statement to the obidients' irate in the east.He was extensively ridiculed and I thought chimanda adichie,the feminist writer should know better.But rather soiled her clean linen in public contempt,undermined the wisdom of the foremost and first black Nobel.To display her level of ignorance,the ignorasmus wrote the american government and president Biden that the election in nigeria was rigged.Is it not funny that they arogate good thing to themselves and other tribes are inferior?is it not a treasonable felony when you threaten the government of the day and impending elected government?One prof Yemi Oke wrote Mr Biden in the counter letter to debunk her claims.They wanted to claim superiority over every matters that they know nothing about.The truth is :which of the tribes has contributed to African development more?I think the question is simple.Of course the Yorubas have done far better than elsewhere in the continent.
Western Civilization was introduced to the Nigerian society by the Yorubas and I make bold to say that they barely knew a thing about Nigerian history and when they know a little,they blow it out of proportion.The yorubas taught every body send all tribes to school and their missionaries were building schools, colleges, varsites and churches to get people educated.Infact to be candid,the first set of people to go to school were the egbas in ogun State and the so-called Saro movement that was begun in Oyo state by ajayi crowther.These set of people had varsity or tertiary education for more than a century before other tribes like the IGBOs moved in emmasse awarded varsity certificate.I was shocked to stumble on Femi Fanikayode's essay,The Bitter Truth About Igbos'critiqued by alleged igbo scholar, Samuel Okafor,with first class, history.He claimed to have better things to say and I was disappointed as usual.They debated yorubas early lead and achievement in education and later branded as unproven kismetic dream of plain pretense.In the so called research,okafor noted equaino olaudah,as an iboman and that the first black doctor was an efik man Silas G.Dove.He had not heard of the fact that efik people are from yoruba dialect.He said allegedly obtained medical degree from France and return to work practice in 1840 in Calabar.He cited the source, historical medical records in Paris.He claimed Chike obi was the first professor of mathematics.Whereas that honor belong to professor olubunmo and no.1, Chike obi as the first PHD in mathematics.Other ibo writers makes same grievous omission.Liars from the pits of hell.Theophilous Ogunlesi Nigerian first professor of medicine.Apart from Kenneth Dike as first professor of history and first professor of statistics adichie's father there was no clarity again for the liars of the almost 100academic fields occupied by yorubas.Infact later post of statistics in rivalry with Biyi Afonja can also be debated.Is prof.james ezeilo first professor of physics? He claimed prof.okoye took that great honor from the University of masachusets or Massachusetts institute of technology.There was no convincing evidence prof.eni njoku as first vice Chancellor of University of Lagos is the first professor of botany in Nigeria? Frank Ndili,Prof of nuclear physics and chemistry.That too is debatable.He displayed highest level of ignorance to ethuse about growing mode of research.He did not know late Prof j.p.clark an ijaw was the first professor of English language in Africa.He did not fail to quote their greatest liars chinua Achebe who claimed ibos cancelled yorubas educational lead in forty years.Forget the oba of Benin palace had access to Portuguese Civilization as far back as ,1495.There was no point saying three in states currently produced more graduates than four yoruba States of ondo, Oyo,ekiti,osun.This is not possible because the capability of the varsity matters.For instance,a faculty in University of ibadan have more Dons than the entire Imo  state University.The same University that produced 17doctors in a decade.Yet the same ibos claimed they now produce more Dons and graduates than the Yorubas.
I would like to confirm what fani kayode said,the IGBOs introduced tribalism into southern politics in 1945 boldly architected by Nnamdi azikiwe when he pulled out from Nigeria youth movement.This singular action paved way to the uprising of the civil war.To be precise the road to the civil war was begun thirty years before it struck.Their domineering attitude was what l heavily detested.

April 13, 2023

LEARN HOW TO MAKE MONEY.PART 3

Now,it shows this 97 percent learn how to make money the stressful way and that is the only form of entrepreneurship.It is unhealthy and outdated.There are three proven money making strategies:trading time for money;investing to make money;use other peoples money and create leverage to earn yourself money

JIM CROW.PART 6

Wait a minute if you put Ella baker's Ransby at no.2 all time great,wouldnt you pigeonhole Peniel E Joseph's Waiting'Till The Midnight Hour:A Narrative History of Black Power In America to no.9?''Nope,i'll be comfortable if it was rated at 10 and Just My Soul at 9;Simple Justice at 7''Why you flung that bullshit at my face?Sweet Land of Liberty:The Forgotten Struggle For Civil Rights In the North'by Thomas Surgrue'caught the volley of the book in space prior to its fall'Aint you gonna spoil that''With hard cover,fallen on the sofa?8''Why would you push simple justice that far in favour of David Lewis's King?''Baby that wasnt my rating a mere internet poll.i ve an axe to grind too.You know Krugger charts legal struggle of NAACP,U.S's oldest civil right organisation and depicts vividly how the educational desegrational struggle preceded and outlived civil rights'movement heyday of 50s and 60s`'stood up on the Ottoman'Do you rate the hero or the institution that produced it`'Shelley this is academic exercise'