Skip to main content

....

US Moves to Ban Arms Sale to South Sudan + Inflation Hits All Time High of 127%




The US is making moves to end arms sale to South Sudan. This is in a bid to stop the ongoing war between the government and rebel forces.

The country, is trying to arm


twist President Salva Kiir to end the the civil war , which has brought about the unfortunate humanitarian crisis in the country.

Even though the US does not have an arms deal with the country, other European countries do.

The U.S. ambassador to the United Nations Nikki Haley told the U.N. Security Council last Wednesday that it was time to impose a U.N. arms embargo on South Sudan.

In related news, the inflation rate in South Sudan has reached an all time high of 127%. This is the highest I have heard in any country ever,
If you have heard any please leave comments below.

This is one one of the effects of the ongoing war in the country;when government spends money and resources catering to military operations and production of military equipment as against the production of goods and services that will boost the economy. You never get any benefit from engaging in war.
This quote by respected scholar, James Grant, best captures my belief.......
“War is inflationary. It is always wasteful no matter how just the cause. It is cost without income, destruction financed (more often than not) by credit creation. It is the essence of inflation.”

Comments

Follow Us

                                  






Popular posts from this blog

Fenty May have Out sold Kylie Cosmetics, But Kylie Will Always Make More Than Rihanna...Here is Why

When news filtered a few days back that Kylie Jenner is now a billionaire, most people were not shocked. This is because there had been projections that her main source of income, Kylie Cosmetics, will soon be worth a $1b after valuation.
Naturally people were curious as to who held the number one spot as the youngest billionaire before her. It turns it out was Facebook’s Mark Zuckerberg. At age 23,  was the youngest billionaire in the world.

This is not the only comparison people made. People also compared her with her biggest rival in the cosmetics market, Rihanna’s Fenty. The comparison is not exactly uncalled for as they both cater to the same demographic and they both have similar products.

Most people noticed

Acquisitions, Closures and other Business News that Rocked Nigeria in 2018

Apologies..This is coming later than planned🙂.....
2018 wasn’t exactly a great year for the Nigerian economy. The drought in the economy did not just affect small and medium scale businesses; it also affected some multinational companies.
2018saw some foreign investors pull their investments out of the country . It also saw the acquisition of some companies that wereassumed to be doing well. Heck it saw the richest man in Africa loose about N2B. Let’s count down the shocking events that rocked the business world in 2018.
Konga  When word got out that premiere online retail giant, Konga was going to be purchased by Zinox last year, so many people were shocked;but not people that have been following the sector though. Any keen observer will tell you they knew something was off the moment they reportedly laid off about 60% of their staff. They also made some changes in their business operations; like ending the 'pay on deliver option'. This may have been done to curtail the lo…

Chioma Ikokwu aka Chioma Good Hair Shares 3 Secrets Behind the Success of the Good Hair Brand

Popular Lagos Socialite and business woman, Chioma Ikokwu aka Chioma Good Hair has built a successful business,"Good Hair" with her partner, Kika Osunde,  over the years. 
The duo who