Somaliland vs Iraqi Kurdistan

[Estarix]

I

What we need in Somaliland and in Africa and the entire world post-free market capitalism is a new system of making and trading goods not for profit but for beyond profit. We can have a house , a little patch of land that's enough for all of us, we can build nice hospitals roads and all without profits as motive, and once that evil profit is taken out of our way of thinking we can be free for real. The only reason why most people and nations are "poor" is due to the theory of profit " one man wins it all" for what???? just so he can brag to his neighbour that he has more.

Karl Paul Polanyi discovered that in a village where all men have relatively the same standard of wealth , be it in huts or in cows most people are happy and never see themselves as poor, but as soon a man comes and builds a mansion in that neighbourhood of huts , everybody becomes poor and sad, a thing most diaspora somalilanders do to their people back home today. You see been poor, is subjective , people become poor when they compare themselves to the rich, and we in Somaliland are exactly doing that.

This relative notion of wealth has a benefit to it though, because each individual has a goal to aspire and work towards something beneficial to them and their country. For example the idea of gaining more wealth would motivate someone to become a doctor or an engineer.

[Khalid Ali]

Somaliland economy is being tarnished by Qat imports losing half a billion of qat imports to Ethiopia , our ports are under equipped and have no capacity to serve Ethiopian markets we are always crying for foreign investment, but we could have really build our own ports but we need efficiency in our economic institutions and how come we dont have a Minister for economic affairs instead of having useless guryeynta Minsiters?.As for the pattern of unbalanced trade created by neo Colonialists and their predecessors the Colonialists in Africa. But Africans will never be equal partners with the Europeans or in par with them or even close, it will take years or even decades for emerging markets to develop to the fullest Trade unions are also unsaturated in African consumers are poised for improved products and services with high quality in the European standards.


Guray do you think the Americans will give up their Economic dominance and give the strength of petro dollar up with out a A Fight the Americans think in the Long term we will see more wrestling of the Americans with the Chinese when the republicans take over the white house “The five major emerging economies of BRICS — Brazil, Russia, India, China and South Africa have allot of home work to do , there can be a shift but the shift will be very slowly , in the mean time the US will come with new alternative exploit other countries to keep his dominance.

[gurey25]

we are plagued with ignorant and unimaginative leaders.
We can upgrade berbera ourselves its not rocket science, we can upgrade and increase the road infratructure oursleves.
and we can build half a dozen small ports for dhows that can take the pressure off berbera and link them with roads.
With all this we can triple capacity and every cent we invest will be comming back very quickly through imports and exports for the ethiopian market.


The americans have no card to play, unless they start a nuclear war today.
2018 the Yuan / Renminbi will be fully convertable, shortly afterwards it will be a reserve currency ,
already there are currecny swaps with japan, south Korea, australia, brazil and soon germany and other EU countries.

The next step is the dropping of the dollar for use in international trade by the chinese, the Russians have been pushing for this but the chinese have been taking their time.

They will not do this till the new silk road is complete, and the oil and gas pipelines from central asia and siberia are finished in the next few years.
The mines in reserves of copper/tin/bauxite/iron/nickel/chromium/molybdenum/coltan and huge coal in Baluchistan both on the Iranian and Pakistani sides will be enough to sustain China if they can get access to them within the next 10 years, Afghanistans similiar reserves will also be handy they need to stabalize it and get rid of the americans. These reserves can replace congo and south africa both are vulnerable to US interdiction.

there is little the US can do right now.

[LiquidHYDROGEN]

Gurey isn't the east asian model the same as the ISI? Also somalis have the entire of Afrcia on their doorsteps. Surely an export orientated economy would thrive on the African market. Do you know how many Nigerians, Ghanaians and South Africans there are?

[gurey25]

nothing wrong with exports, you should not base your entire economic development around it.
There is a hidden aspect to EOI, it depends heavily on foreign investment .

You should aim for sustainable development, development that wont stop when the investors withdraw funds.


We are entering the 3rd industrial revolution, micro manufacturing using CAD/CAM and soon 3D printing.
Right now the machinery to manufacture all the parts of a car, washing machine, cooker, fridge, electric pump, farm tools , and various electronics
if you have access to the chipsets can all fit into the size of a decent sized 1 bedroom apartment, or a large garage.
Its going to get much easier to produce in the future.
every neighborhood can produce 90% of its needs in the neighborhood.
more specialist manufacturing can be in the larger towns.

[LiquidHYDROGEN]

You should aim for sustainable development, development that wont stop when the investors withdraw funds.


We are entering the 3rd industrial revolution, micro manufacturing using CAD/CAM and soon 3D printing.
Right now the machinery to manufacture all the parts of a car, washing machine, cooker, fridge, electric pump, farm tools , and various electronics
if you have access to the chipsets can all fit into the size of a decent sized 1 bedroom apartment, or a large garage.
Its going to get much easier to produce in the future.
every neighborhood can produce 90% of its needs in the neighborhood.
more specialist manufacturing can be in the larger towns.

And how would you get access to this technology? You'd also need trained and qualified technicians to operate it. Things might be more cost-effective and efficient to produce no than before, but new skills need to be learnt to make effective use of them. How would you turn things around for SL to be able to invest in this sort of technology?

we are plagued with ignorant and unimaginative leaders.
We can upgrade berbera ourselves its not rocket science, we can upgrade and increase the road infratructure oursleves.
and we can build half a dozen small ports for dhows that can take the pressure off berbera and link them with roads.
With all this we can triple capacity and every cent we invest will be comming back very quickly through imports and exports for the ethiopian market.

With what funds? This government is literally passing around the busking hat for just a few km of road.

[gurey25]

And how would you get access to this technology? You'd also need trained and qualified technicians to operate it. Things might be more cost-effective and efficient to produce no than before, but new skills need to be learnt to make effective use of them. How would you turn things around for SL to be able to invest in this sort of technology?

You did not get it, as the tools get smaller they also get cheaper, instead of a $10 million factory with 500 workers making just brakes, you can use multi purposes machinery to make all the different parts of a car,
and it can shrink down to $500,000 and fit intoa small house or even a large garage and employ the family,
you cousins less than 10 people.
training can be hands on, hire experienced people and let them teach.
you dont need a 5 year engineering degree, just a few months to a year fo aprenticeship.

With what funds? This government is literally passing around the busking hat for just a few km of road.

This is where currency comes in. need to know what money is and how it used before you can think of solutions.
in short you need the right type of currency for the right job.

no need for investment and only 10% of the hard currency is needed.

[LiquidHYDROGEN]

So appreciate the SL shilling to get it's value up which means more money in the pocket with little to no effort. The problem is, other than cracking down on black-market exchange and dollar proliferation, what other means are there in sorting out the monetary issue?

[X.Playa]

how does one just wake up one day and appreciate his unrecognized currency?, the world is saturated with cheap labour, and most of the worlds resources including Somaliland is owned by private investors , am afraid you are beating a dead horse.

[gurey25]

So appreciate the SL shilling to get it's value up which means more money in the pocket with little to no effort. The problem is, other than cracking down on black-market exchange and dollar proliferation, what other means are there in sorting out the monetary issue?

The reason the shilling is shit is because it is not Somalilands official currency, its the dollar.
The shilling is used in the form of change.

To turn the shilling into a working currency you need the following steps.

1.enact currency controls, meaning no dollar used inside the country
2.print more shillings with 10,000 note and 5000 note and more of the 1000 notes as well.
3. spend the shillings on public works, roads, bridges, irrigation/water systems, drainage/sewage, and city beatification/ public parks gardening etc
there is so much work to be done, that needs only labour very little hard currency this is where the shiling comes in

This is public credit the central bank should act like a central bank and do some work for once.
This approach has been successfully done in several countries , with the best example the commonwealth bank of australia in the 1920's to the 1970's when it was privatized.

4. You will initially need to back up the shilling with some dollar reserve but most of the value will be the future wealth of the country credit to you now to be used,.

This is only the first step to be honest.
you will need a C3( commercial credit circuit) for business to business
http://www.lietaer.com/2011/09/commerci ... ircuit-c3/
this is already working and all the kinks have already been ironed out, if brazilian favela con run their own system, then i am sure burco, or hargiesa can run their own also moqadishu imagine what one for bakara market would do, you would get a boom like 15% increase in business anually.

eventually i envision several C3 currencies , several local and regional currencies .
and later on sectoral currencies like the saber http://www.investopedia.com/terms/s/saber-currency.asp
and Fureai kippu http://en.wikipedia.org/wiki/Hureai_kippu.



Most economics schools ignore money they dont touch the subject, they do not teach economic history either in all major universities
you would think it is an important subject, maybe the most important.
In an interview with Paul Krugman he was talking about how he was asking his mentor and professor while he was a postgrad for advise .
he was told if you want to me make it big maybe win a nobel prize, you should stay away from discussing the nature of money or economic history.
This is all because ignorance of the nature of money helps those with special interests to keep their power, i.e the bankers.

money has 3 properties/roles
1. a store of value : savings
2. a measure of value: a unit of measure like cm, grams, Celsius/Fahrenheit
3. a means of exchange

nobody said that a currency should do all 3, why not split the roles and let separate currencies do each task?

to sum this up i think a quote by henry ford says it best.

"It is well enough that people of the nation do not understand
our banking and monetary system, for if they did,
I believe there would be a revolution before tomorrow morning."