I live in Nigeria now. Moved almost 3 years ago. You control more of your life. Noone is using the eNaira. I live totally off grid (solar power and borehole water filtered with a Berkey filter). Chickens in the backyard. Country has problems, but everyone is self employed. I feel more free than i did in rhe West. The country is also very modern in certain areas. If you have money, you will live well.
@annavanorshoven4031 I first lived in Abuja (highest concentration of expats), which is the capital. I have also lived in the Delta state capital ( like a smaller version of Abuja). I suggest Abuja for infrastructure and more modern amenities. Also, they have a good International Airport, very nice houses, and a good road network. A lot of expats also like to visit Jos, which has milder temperatures all year round (17 C - 25 C) and is a 35-minute plane ride from Abuja.
@annavanorshoven4031 The heart of Abuja is mostly safe. I live in an estate with security. I also drive myself around, which I would recommend for security purposes.
It's not the governments that print the money. It's their central banks which are controlled by you know who. The governments are captives to the central banks just like we are.
I'm from Angola and grew up in Portugal, my husband is European from Portugal born in Germany and i can tell you he never taught in is life that he rather live in Africa (Angola) then where is come from 😮. There is struggle YES of course especially with HEALTHCARE ( now there is good private hospitals) EDUCATION amazing private and international schools) but there is freedom also you learn to navigate in the caos, you learn that no government is coming to save you, they literally don't care about US and we know it, we are making good living, then we go back to Europe for vacation and people and family are struggling and complaining all the time, we already choose Italy and Greece will become our family vacation homes. Mind you this are the same people that say how can you guys live there? Ask the Europeans that live here for over 10/20 years, were people see caos, lots of peoples see opportunities. Last we have bad government YES, but they also let us most of the time do our things. 😊
Even as I have plans to leave Nigeria I intend to come back home soon because Nigeria is where you can truly be free if you have got the money. You can decide to own anything and do whatever you want, find a way to get through government bureaucracy and stay ahead on your game. I keep telling my foreign friends, Nigeria is a place to be. Sooner than later I see many people from the western world moving here in less than 5yrs and that is why I need to go and come back to secure my base. ❤
@@TheRealBlackula yes and you will own it completely for the rest of your life even from generation to generation as long as it is under your name and properly registered.
@@GranFinale That is not what we are talking about here. Statistically, many more people die in violent crimes in America than in most other countries. Defending yourself could be a plus, but with the topic above, you are less free compared to someone living in Nigeria, literally. If you have the right resources, you can defend yourself and still live freely here. Besides, what happened in Jos during Christmas can be compared to gun violence massacres happening around schools where helpless kids and teachers are shot to death without any defense. The problem people in the west have is that the media spend time feeding people bad images of Africa with the impression nothing is good, or most times anamalistic lifestyles thinking we are from a shithole place, but down here Nigeria is booming with tech. We may not have the best infrastructure, but we are striving and still improving the quality of life. Also, I bet you in the coming years, so many people will relocate to Africa because it will be the last frontier for the world, and the West will be less relevant.
Countries where people distrust and hold government to account will ascend. Countries that trust government and do not hold government to account will decline.
The most important thing that should be on everyone mind currently should be how to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the world 🌍. This is still a good time to invest in various stocks gold, silver and digital currencies.
Once again I like the way you are talking about this African country. Thank you as a European American with money talking with respect and dignity about another part of the world. You were focused on your topic. You spoke without prejudice. Thanks again for the useful information.
@@annavanorshoven4031 almost all of the Nigerians I know have bank accounts. That’s how they are able to make transfers between each other and with businesses.
The Central Bank of the Republic of Turkey (CBRT) recently released a report highlighting its progress in the first phase of CBDC pilots and outlining its plans for the second phase.
Actually a country doesn't need to go to CBDC route. It could simply launch a Stablecoin base in the country issued by the bank authorized by the National Treasury dept or Reserve Bank.
But they WANT a programmable digital currency. So that they can control what you spend your money on, and know about every cent you spend. A stablecoin won't serve that purpose for them. It's not about what's good for the people, it's about control and surveillance.
Im highly concerned about the CBDC. Nigeria would be more attractive verses Serbia for my interest. Either way I believe those that do not want to participate will be pushed into corners of living off grid lifestyles and bring back old systems to counter the internet of things (CBDC). I appreciate the information as usual.
On these countries that don't have plans to create their own cbdc's don't you think they will adopt someone else cbdc's like panama adopted the US dollar?
There are more options these days. They can create a stablecoin backed by $USD, another currency or asset, or a mix. Right now Palau is creating its own stable coin backed by $USD in trial as we speak. They could go the route of El Salvador and allow BTC or something else as official currency. For sure the cartel of countries w/ governments pushing CBDCs will be putting immense pressure on smaller counties to fall in line.
CBDCs in parallel to a polymer cash currency at a 1:1 ratio would work well. It's a good way of taxing people as long as the balance is correct but anything excessive would just drive people into the underground economy and defeat the purpose entirely. You need to tread carefully
Both Botswana and Namibia are great. I was just in Botswana and yes you can use cards there. But 90% of my transactions were in cash. Its pretty safe and the wildlife is amazing.
I think Namibia is trying to get a CBI program off the ground. Bloomberg ran a story (on TOP if you subscribe) on Caribbean CBIs this morning. Interesting was the % of the federal budget run off CBI fees by country. @@jw841
I have a question. I am a 67 year old retired American receiving Social Security into an american bank. I currently live in Albania and withdraw that into cash here. If the US issues CBDC will I still be able to withdraw my funds into a local economy that does not use CBDC's? Thank you.
nobody taking silver coins, we're not living in 1597 and no, the power grid isn't going down and farmer joe isn't trading a chicken for your silver under any circumstances
@@xrpfreak7881 I'll take my chances with silver. But after 2030 please do send me an update of life from your 100 s.f apartment in your Fifteen Minute city as you eat zee bugs and use your smartphone to scan your Digital ID wherever you go.
Countries are considering CBDC's for one reason, to make money. To manage CBDC's requires computer resources, software development, accounting, and bureaucratic overhead, there has to be fees associated with transacting CBDC's and those fees will be taxed, which creates something equivalent to a national sales tax as CBDC's are spent. Imagine the income generated as a percentage of every transaction.
Anyone have an opinion on what happens in Nigeria or similar countries when the strong pro CBDC nations pressure the Nigerian government to fall in line? That would include strong guidance not only to create or adopt a CBDC, but also to keep its citizens and residents in line, especially regarding payment, storage, etc, of assets. How do you think the government would respond and how would the citizens respond to that? What would be the most likely outcome? I ask because this pressure from outside is sure to come and it won't be any small thing to deal with.
you can be free from cbdc's by buying crypto. seriously, not shilling. you think the invent of the internet and websites was big? crypto the next 4-5 years will be WAY bigger. buy any of top 20-30 coins by marketcap!
The Bank of England CBDC is likely to be launched in 2024. I was told this whilst visiting a bank - their atm retained my card when I was paying in some cash and whilst a member of staff was retreiving it I expressed my concerns that the use of cash will soon be phased out. The conversation eventually widened to CBDCs.
