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Zmeselo
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I need help with an economist, besides ethoash! Why, so many different projections? Thanx in advance!

Post by Zmeselo » 07 Apr 2021, 19:29


According to IMF's WEO released today, in 2020 only 2 Horn of Africa countries achieved a current account surplus, Djibouti (2.9% of GDP) & Eritrea (10.7%). Sudan (-17.5%) & Somalia (-13.3%) exhibited large deficits. For Kenya, Ethiopia, South Sudan deficits averaged: -4.5%

The main reasons, cited, for Eritrea's surplus:

1 Eritrea exports gold, and that has solidly contributed to the economy's health. 2 The country, being free of corruption. 3 Eritrea has, modestly, managed to diversify its economy. 4 The country, having achieved food security.

Another reason cited is the price of petrol being very low right now, plus the steady inflow of diaspora money; which is now under proper handling. All the hard currency illegal laundering, is off. Plus because of covid almost all Eritreans do wire money home; instead of spending it on an air ticket home & on oneself when reaching there; for instance. The diaspora is not to be forgetten, is simply a very large money source. The other issue mentioned, was that government expenditure is down & was already going down starting from 2018

Eritrean expenses are expected to go down more in 2022, than before. Eritrea doesn’t have any open books, with the IMF and WB . Its creditors are ADB and China, which by the way, demand much lower interest rates for their loans.



Eritrea's overall debt:
IMF = $0
World Bank = $0
Public debt = 185.2% of GDP (decreasing)

Public debt (aka government debt), is the accumulation of annual budget deficits.

It's the result of years of gov't spending on infrastructure projects (roads, dams, ports, etc) more than it takes in, via tax revenues from the projects.

Don't confuse Public debt, with External debt.

External debt is the amount owed to foreign investors or financial institutions, by both the government and the private sector.

Public debt does impact external debt, though.

Countries with the highest Public debt in 2021:

1) Japan (177.08% of GDP)
2) Lebanon (167.21% of GDP)
3) Italy (148.84% of GDP)
4) Portugal (130.27% of GDP)
5) France (110.01% of GDP)
6) Spain (106.91% of GDP)
7) United States (106.78% of GDP)




COUNTRIES DROWNING IN DEBT IN 2021
https://www.lovemoney.com/galleries/amp ... ssion=true

__________________


AEO/AFDB's, HoA projection



Zmeselo
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Posts: 24150
Joined: 30 Jul 2010, 20:43

Re: I need help with an economist, besides ethoash! Why, so many different projections? Thanx in advance!

Post by Zmeselo » 07 Apr 2021, 19:55

Embassy of the State of Eritrea United Kingdom - Press Statement - Response to Daily Telegraph Article by Lucy Kassa & Anna Pujol-Mazzini, published 27 March 2021.






Ethiopian Ministry of Foreign Affairs- Press Release: On the Media and alleged human rights violations and other crimes, committed in Tigray:



sun
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Posts: 5794
Joined: 15 Sep 2013, 16:00

Re: I need help with an economist, besides ethoash! Why, so many different projections? Thanx in advance!

Post by sun » 07 Apr 2021, 20:10

Zmeselo wrote:
07 Apr 2021, 19:29
According to IMF's WEO released today, in 2020 only 2 Horn of Africa countries achieved a current account surplus, Djibouti (2.9% of GDP) & Eritrea (10.7%). Sudan (-17.5%) & Somalia (-13.3%) exhibited large deficits. For Kenya, Ethiopia, South Sudan deficits averaged: -4.5%

The main reasons, cited, for Eritrea's surplus:
1 Eritrea exports gold, and that has solidly contributed to the economy's health. 2 The country, being free of corruption. 3 Eritrea has, modestly, managed to diversify its economy. 4 The country, having achieved food security.

Another reason cited is the price of petrol being very low right now, plus the steady inflow of diaspora money; which is now under proper handling. All the hard currency illegal laundering, is off. Plus because of covid almost all Eritreans do wire money home; instead of spending it on an air ticket home & on oneself when reaching there; for instance. The diaspora is not to be forgetten, is simply a very large money source. The other issue mentioned, was that government expenditure is down & was already going down starting from 2018

Eritrean expenses are expected to go down more in 2022, than before. Eritrea doesn’t have any open books, with the IMF and WB . Its creditors are ADB and China, which by the way, demand much lower interest rates for their loans.

Eritrea's overall debt:
IMF = $0
World Bank = $0
Public debt = 185.2% of GDP (decreasing)

Public debt (aka government debt), is the accumulation of annual budget deficits.

It's the result of years of gov't spending on infrastructure projects (roads, dams, ports, etc) more than it takes in, via tax revenues from the projects.

Don't confuse Public debt, with External debt.

External debt is the amount owed to foreign investors or financial institutions, by both the government and the private sector.

Public debt does impact external debt, though.

Countries with the highest Public debt in 2021:

1) Japan (177.08% of GDP)
2) Lebanon (167.21% of GDP)
3) Italy (148.84% of GDP)
4) Portugal (130.27% of GDP)
5) France (110.01% of GDP)
6) Spain (106.91% of GDP)
7) United States (106.78% of GDP)



The Ancient Art Of Debt Relief, A Brief History 8)

Debt is as old as history. When humans began to invent writing and thus emerge from prehistory, some 5,000 years ago, they quickly used it to keep track of loans, with their outstanding amounts, their rules and ... their cancellations. The oldest known legal text in the world, the Code of Hammurabi, engraved nearly 4,000 years ago and still visible in the Louvre Museum, states that "the creditor may not take barley from the debtor's house without his consent."

One of the books of the Bible, Deuteronomy, written around the 7th century B.C., advocates the cancellation of debts every seven years. Half a millennium later, the famous Rosetta Stone was not only engraved with the list — in three languages — of the tax breaks Ptolemy V granted to the priests; it also recounts the cancellation of debts and the liberation of slaves under the command of the Pharaoh.

But debt was long a private matter. According to Earl Hamilton, one of the pioneers of economic history after World War II, public debt is "one of the few economic phenomena that does not have roots in the ancient world." If governments got involved, it was only to avoid a revolution.

Debt was born in the lean season, that time of year before the new harvest when farmers have nothing left to eat. To survive, they borrowed. And when the debt became too big of a burden, they paid it back with what they had left: their labor force, becoming slaves to their creditor.

In societies that were more agrarian than warlike, debt was the first source of slavery, much more than capture. And when slaves became too numerous, the threat of social explosion arose. Consequently, it was up to the sovereign to decide on a jubilee that canceled private debts, as Solon did in Athens in 594 B.C.

At that time, rulers were already having money problems, mostly related to wars. But they found other means besides the accumulation of debt to settle them. The rulers of Greek cities would sometimes go and draw from the treasures of the sanctuaries, even if it meant insisting that the citizens bring new offerings, and eventually return the money later.

Debt was long a private matter.
It was already too much. Having become indebted to the coastal city of Ephesus, Rome capped the city's loans to what could be repaid within a year. In the five centuries ending just before the birth of Christ, the Roman Republic borrowed only twice, without interest. In China, the central government was content with advances from merchants and the creation of money.

For a long time, debt remained associated with an individual. The money raised by the first Roman emperor, Augustus, to finance his great urban planning works was, according to the historian Jean-Yves Grenier, "on the border between private and state borrowing." This is a perilous limit, as the Greek historian Herodotus, writing about the Pharaoh Cheops (or Khufu, as he's also known), recounted in the 5th century B.C.

"Having exhausted his resources with the construction of a pyramid, [Cheops] became infamous for ordering his own daughter to collect as much money as she could," Herodotus wrote.

For a debt to be truly public, says Jean-Yves Grenier, "it must not appear as personal, i.e. as the commitment of a person, whether a prince or a king, but rather of the community as a whole, whether it is a city or a state." This shift took place in the Middle Ages. The historian Alain Boureau distinguishes an early example of a loan taken out in the name of a community in the English monastery of Evesham, at the very beginning of the 13th century.

"The monk Thomas of Malborough succeeded in convincing his fellow brothers that it was possible and necessary to contract a large debt in order to finance the costs of a lawsuit against the neighboring bishop of Worcester," Boureau writes. "He showed them that the loan was possible, for the convent was, as it were, immortal."

The story had a happy ending: The lawsuit was won and the loan repaid. This is an exception.

Soon Florence, Venice and Genoa started borrowing. The Italian cities had rich merchants, who began to develop financial techniques to circulate their money while limiting risks. They were also reluctant to tax their citizens to finance ruinous conflicts. In 1427, Florence recorded tax revenues of 281,319 florins ... for a debt service of 281,501 florins! Hence a popular saying of the time:"Either the debt defeats Florence, or Florence will defeat the debt." :P :P

Things changed as war became more and more expensive. It was no longer enough to mobilize knights armed with swords to go into battle. You also needed gunpowder from China, fortresses to resist cannonballs and an army of professional soldiers. In other words, rulers had to spend fortunes. And since they didn't have it, they had to borrow it ... and then rarely pay it back, except in the case of successful looting after a military victory. As Michel Lutfalla, an economist with a keen interest in financial history, wrote, "the norm in the very long term was the non-repayment of public debt."

All the major European kingdoms were unable to honor their financial commitments at one time or another. In the 14th century, the great English king Edward III caused the bankruptcy of the major Italian banks by not repaying the money borrowed to finance the beginnings of what would later be called the Hundred Years' War. France, however, showed a remarkable ability in this matter. As Revolution-era economist Jean-Baptiste Say taught in his 19th-century course: "In previous centuries, the ability to default on the prince's commitments seemed to be part of the sovereign rights."

Kings have used all or almost all means not to pay back, but to at least lower the load to a bearable level. The history of French public debt begins with the first major loan taken out by King Louis IX in the 13th century. But it did not last long. His grandson, Philip IV, also known as Philip the Fair (Philippe le Bel in French) cut gold and silver from coins to pay off the debt with a depreciated currency. He earned the nickname of "the counterfeiting king." Other sovereigns simply changed the value of the coins. When the treasury repaid in 20 denarii coins, these coins were counted at 25 denarii.

The financial credibility of the kings continued to weaken as money was increasingly lacking.
When he was desperate, King Philip IV also used other techniques. He expelled the Lombard bankers who could no longer claim their dues and persecuted the Jews and the Templars. At a time when the rule of law did not yet exist, creditors who were too insistent risked being ejected from the country, thrown into prison or even executed.

His successors deployed other, less violent means, but exerted a deafening pressure on their creditors, who dragged along a detestable reputation as usurers or agitators for all eternity. On behalf of King Henry IV, Maximilien de Béthune, the Duke of Sully, imposed interest rate cuts on outstanding debts. French statesman Jean-Baptsiste Colbert would do the same for Louis XIV. He wanted to curb indebtedness: "If loans have no limits, neither will taxes." He failed.

The kings of France were also fond of privatization. Of course, they didn't have companies to sell, but they did have rights to future taxes. Francis I launched the first perpetual loan in 1522, via the City Hall of Paris, which had a better financial reputation than the Royal Palace. He combined it with another form of loan by selling public spending that would later bring in income for their buyers. These included the collection of taxes on the Parisian market for forked-footed cattle and wine debited in the Grève district. This sale of offices lasted until the Revolution.

Great silversmiths punished the clergy. Others created shock absorbing funds that ultimately did not provide much of a cushion. At the beginning of the 18th century, the Scotsman John Law convinced the regent of Louis XV to let him try an experiment: He created a bank that reduced the public debt because creditors could subscribe to its capital by contributing their government securities. And he issued notes pledged on the future resources of Louisiana and the other French colonies. But Law printed three times as many notes as planned, and the system collapsed.

The financial credibility of the kings continued to weaken as money was increasingly lacking. It was in England that the system tipped over in the second half of the 17th century, thanks to a political crisis. Called upon in 1689 to become king in place of James II, who had fled to France, his son-in-law William of Orange, had a small defect: He was governor of the Netherlands. To make it forget, he accepted the "Bill of Rights." Now freely elected, Parliament seized the fiscal power that James II had clung to. Thus began a financial revolution that would expand British power. If Parliament could tax, it could also borrow. The debt passed from the king to the nation.

And the British nation needed a lot of money. It had to rebuild a pitiful military fleet that was humiliated by the French in the battle of Beachy Head in 1690. The government could not borrow 1.2 million pounds at 8% interest. A private institution was created under the control of Parliament to raise the money on behalf of the state... in 12 days. This is the Bank of England. Formally created by the Acts of Union of 1707, Great Britain has since honored its commitments and its Parliament has become an example copied around the world. Modern democracy was born to control public debt.
8)
Last edited by sun on 07 Apr 2021, 20:34, edited 3 times in total.

Fiyameta
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Posts: 2407
Joined: 02 Aug 2018, 22:59

Re: I need help with an economist, besides ethoash! Why, so many different projections? Thanx in advance!

Post by Fiyameta » 07 Apr 2021, 20:16

I'm not an economist, but I believe the lifting of the illegal sanctions has allowed Eritrea to prosper through exports during the last 2 years amid global pandemic and the crisis next door.

I see Eritrea as a star player in an all-African soccer team, but had to sit on the bench for 10 whole years when the corrupt white referee gave Eritrea the Red Card in an effort to help the European team win the match. The last 2 years, when Eritrea was allowed to be in the field, the African team has been winning every match with the help of its star player.
8)

Zmeselo
Senior Member+
Posts: 24150
Joined: 30 Jul 2010, 20:43

Re: I need help with an economist, besides ethoash! Why, so many different projections? Thanx in advance!

Post by Zmeselo » 07 Apr 2021, 20:25

Miscellaneous:


AURRERA REALA!!! #RealSociedadAthletic
(Real Sociedad: @RealSociedadEN)

__________________


First week of school, after reopenings in Asmara. (📷: @Lucyliu0866)

___________________


Happy #WorldHealthDay!
Building a fairer, healthier world.


Let`s protect, motivate and equip our healthcare workers to #BuildForwardBetter.

(UNDP Eritrea: @UNDPEritrea)

____________________




My pics, from my last visit at the Qohaito archaeological site -
(Ghideon Musa: @GhideonMusa)
Last edited by Zmeselo on 10 Apr 2021, 10:17, edited 1 time in total.

Selam/
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Posts: 4644
Joined: 04 Aug 2018, 13:15

Re: I need help with an economist, besides ethoash! Why, so many different projections? Thanx in advance!

Post by Selam/ » 07 Apr 2021, 20:45

Please provide more info on the stone steles. They are unique and I have never seen them before.
Zmeselo wrote:
07 Apr 2021, 20:25
Miscellaneous:


AURRERA REALA!!! #RealSociedadAthletic
(Real Sociedad: @RealSociedadEN)

__________________


First week of school, after reopenings in Asmara. (📷: @Lucyliu0866)

___________________


Happy #WorldHealthDay!
Building a fairer, healthier world.


Let`s protect, motivate and equip our healthcare workers to #BuildForwardBetter.

(UNDP Eritrea: @UNDPEritrea)

____________________




My pics, from my last I visit at the Qohaito archaeological site -
(Ghideon Musa: @GhideonMusa)

Zmeselo
Senior Member+
Posts: 24150
Joined: 30 Jul 2010, 20:43

Re: I need help with an economist, besides ethoash! Why, so many different projections? Thanx in advance!

Post by Zmeselo » 07 Apr 2021, 22:48



Qohaito Archeological Site

http://explore-eritrea.com/kohaito-archeological-site/


Giant Pillars at the famous Archeological Site of Qohaito

In the 2nd century AD, the famous Egyptian geographer Claudius Ptolemy made reference to an important ancient town named Koloe. It has long been thought that (Qohaito Kohaito was equivalent to Koloe. But even if it is not (some modern scholars favor nearby Metera), Kohaito's importance in the ancient world during this time is obvious.

Very little is known about the exact history of the settlement. A few ancient chronicles record that Kohaito was still flourishing in the 6th century AD. However, like Adulis and Metera, it then vanished very suddenly in the next one or two hundred years.

Kohaito, which lies at high altitude of 2700m, once may have served as a kind of summer retreat for the rich merchants from nearby towns. The traces of cultivated areas found between the buildings have led to the belief that Kohaito was once a garden city.

Lying some 121km south of Asmara, Kohaito’s impressive ruins are spread over a large area measuring 2.5km wide by 15km long. As much as 80 to 90% of the ruins remain unexcavated. In 1996 and 1997, a German expedition surveyed both Kohaito and Metera.

A short walk from Kohaito takes you to the edge of a vast canyon that drops away dramatically. The views of the surrounding mountains, including Mt. Ambasoira (3013m) to the south (the highest peak in Eritrea), are stunning. Far below, you can make out the terraced fields and tiny tukuls of seemingly to totally inaccessible Saho settlement.

Among Kohaito’s most important ruins is the so-called Temple of Mariam Wakiro that was built on a rectangular plan on a solid platform, and may have been the site of a very early Christian church or even a pre-Christian temple. In the local language this site has long been referred to as ‘abode of the prestigious one’.

About a kilometer to the north of the ruins of Mariam Wakiro, lies a tomb discovered in 1894 nicknamed ‘Meqabir Ghibtsi’ or the Egyptian tomb because of its impressive size. The tomb faces east, overlooking the Hedamo River. Rectangular in shape and built with large blocks of stones, its most distinctive features are the two quatrefoil (flower-shaped) crosses carved on the inside walls.

Shapira Dam, measuring 67m long and 16m deep, is constructed of large rectangular blocks of stone that measure close to 1m by 0.5m, is Kohaito’s greatest claim to fame. The masonry is quite beautifully dressed- one of the reasons perhaps for the dam’s incredible longevity. For around 1000 years, it has served the local Saho people as the main source of water. Following recent investigation carried out by the German team, this water cistern date back to around 1 Century AD and even before this period. On one of the walls inside the dam are some inscriptions in ancient Ge’ez, made up of 79 words, is the longest yet found in Ge’ez.

At Iyago, near Kohaito, south-east of Mt Faquiti, an open shelter around 9m long is covered in rock paintings dating from approximately 4000-5000BC. Nearly 100 figures painted in ochre, black and reddish-brown adorn the rock face, depicting cattle, antelopes and perhaps lions. Other rock shelters in the area include Ba’atti Abager, Zebanona Libanos and Mai Ayni, where figures include warriors with long spears and oval-shaped shields, and wearing animal skins seem to be indulging in a ritual dance.

Around Qohaito (Kohaito)

Matara (Metera)/Belew Kelew


Matara’s (Metera) Monolith Stele

Situated 20km south of Kohaito, house some of Eritrea’s most important historical sites. Like Kohaito, Matara (also called Metera) flourished in the 6th century AD. The scattered ruins testify to the existence of a once large and prosperous town.

Metera is important for three main reasons: for its age- some of it, from about 5th century BC; for its huge size– it spreads over at least 20 hectares and is known among locals as Belew-Kelew, it is much the largest site after Adulis; and for its unusual character- it is the only place where a large bourgeois community is known to have thrived.

One of Metera’s most important objects is its enigmatic stele. Unique in Eritrea, the stele is known for its pagan, pre-Christian symbol of the sun over the crescent moon- a south Arabian divinity, engraved on the top of the eastern face; and it faces eastward. Standing 2.5m tall, the stele has an inscription near the middle in Gee’z. An unknown king dedicated the stele to his ancestors who had subjugated the ‘mighty people of Awanjalon, Tsebelan’.

Metera’s discovery came in 1868, when Frenchman Denis de Rivoire reported its existence. In 1903, an Italian officer made a few amateur excavations in two places. The first scientific survey was carried out by the German Expedition in 1906. In 1959, the French archeologist Francis Anfray began a major excavation of the site. From 1959 to 1965, various sites were excavated. A large mould located 100m north-west of the stele revealed a big, central building- perhaps a royal palace or a villa- attached to an annexe of living quarters. A huge wall surrounds the whole complex. Several burial chambers were found in the larger building; in one of them, the skeleton of a chained prisoner was discovered. Between 1961 and 1962, a large, square, multiroomed complex built on a sturdy podium and a tomb chamber were unearthed. Anfray’s excavations also uncovered four large villas, some smaller houses, three Christian churches and a residential quarter- perhaps for the common people.

Objects unearthed at Metera in the last 50 or more years include some beautiful and amazingly well-preserved gold objects- two crosses, two chains, a brooch, necklaces and 14 Roman coins dating from between the 2nd and 3rd century AD- found in a bonze vase. Many household items including bronze lamps, needles and daggers, Mediterranean amphorae, and the remains of large marble plates were unearthed.

Only tiny part of Metera has been excavated. Big moulds lie tantalizingly untouched all around the ancient people’s tomb hidden somewhere among the rocks still awaits exploration, and may yield a remarkable finds.

One of the more remarkable things, here and at the other Archeological sites, is that the cement that binds the bricks show no sign of weakening even after some 1,400 years, a fact which is unlikely to be true of the stuff manufactured today. Metera has been identified by the historian Kobishchanov as the ancient city of Koleo, which currently seem to be more acceptable theory that the one put forward in the 1890s by Bent, that Koleo was Kohaito.

TOCONDA– lies 4km south of Adi Keyh in a wide valley. The ground is littered with potsherds, broken pillars and chiseled stones. Close to the dirt road there are two pillars: one standing, another with a curious rounded head. On a hill west of the site, there is an early inscription curved on a large basalt rock.

Keskese– lies in a small valley 128km south of Asmara. This huge, unexcavated site is considered exceptional for its pre-Christian and pre-Islamic remains, which include the ancient tomb of a local prince or lord. Lying among the barley fields like elongated, upturn boats are various huge monoliths, including one measuring a giant 14m long. Some stelae bear ancient inscriptions in Ge’ez; from their style, it is believed that they are at least 2500 years old. Elephants are offered as the most likely explanations from the way the immense stones were transported.

Hawzen
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Joined: 07 Jun 2012, 05:03

Re: I need help with an economist, besides ethoash! Why, so many different projections? Thanx in advance!

Post by Hawzen » 07 Apr 2021, 23:11

Zmeselo wrote:
07 Apr 2021, 20:25


First week of school, after reopenings in Asmara. (📷: @Lucyliu0866)
Brother Zmeselo,

Thank you for posting these lovely pictures, bro. I miss my Eri-shikor and specially Asmara-bella so much...I just hope that my plan to visit back home this summer will be successful as planned.

By the way, I am waiting to hear from the ተንከባላላይ ዘር to claim the bicycles were stolen from the richest Killil Tigray aka the tiniest and least important killil in Ethiopia :lol: :lol: :lol: :lol:


Dedebit is always dedeb
R.I.P Abay Tigray and TPLF ዱቄት

Ethoash
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Re: I need help with an economist, besides ethoash! Why, so many different projections? Thanx in advance!

Post by Ethoash » 08 Apr 2021, 07:59

Zmeselo wrote:
07 Apr 2021, 20:25
Miscellaneous:
for me it is sad to see this picture ,,,,, it is sad indeed . Zmeles told me not to comment about Eritrea economy .. my answer is what economy r u talking about let the picture speak for it self ... even Eritrea have economy i dont comment it is not my business... interfering is Eritrean business ..

one guy said TPLF stolen gold, teff, Opel etc etc.. what this poor Eritrean doesnt know is gold doesnt be found naturally before processing it is just dust . only you get gold once you process one ton of dust and you get one or two gram of gold so you have to put hard work to get the gold .. the same with Opel or with any other mineral ,,,, so if TPLF DID not work hard there is no gold to be stolen.. even Opel trading become booming under the good guys. before that no Opel known in Ethiopia .. once u get Opel u have to cut it and polish it that job is taken by the golden even so the Wollo have the Opel the skill to polish it and to cut it belong to the golden now what r u going to do r u going to sale unpolished uncut Opel to whit men or sale to golden to do their magic









the kids ride in the middle of the road .. they knew there is no car coming .. what a sad photo



ኩሽና የመስለች የጤና ጣቢያ ። የኢቦላ መዳኒት የሚገኝበት ላብ ነው ይለናል። አረ እባካቹሁ አባይን ያላየ ምንጭ ያመስግናል ሆናቹሁብኝ። ይህ አይነቱ ላብ እኮ በመኪና ላይ ታስሮ ገጠር እየተኬሄደ ሕዝቡ የሚገለገልበት ነው። የኢትዬዽያን የመለስ የስራውን የጤና ጣቢያ ብታይ ኖሮ እራስ ህን ትገድል ነበር። አረ እንተወው።




this ruins coming soon once the golden bomb the hell out of Asmara it will look like this why r u rushing to show the ruins now

Zmeselo
Senior Member+
Posts: 24150
Joined: 30 Jul 2010, 20:43

Re: I need help with an economist, besides ethoash! Why, so many different projections? Thanx in advance!

Post by Zmeselo » 08 Apr 2021, 08:30

Prof., Dr, Economist, Engineer, Historian, Architect & overall Superhuman ethoash. First of all, how are you? It's been a long time. Your invaluable insights are sorely missed, in this forum.

Having said that, the reason I asked you not to comment is not because I don't want you to "interfere" but because your explanations are too complex for simple people like us to understand. It's only people who've, at least, a College level education & with a 10 year work experience who can even attempt to discuss with you. That's the reason why, I said that. No malicious intent, behind it. Besides, like you said, the Eritrean economy is beneath you.

My question though, was not about the Eritrean economy per se dear Prof. As you can see, the charts I provided tell of the whole HoA. My question was, why the discrepancy in the numbers from different institutions? Do they know what they're talking about, or is it just a guessing game?

The prof. must've meant "OPAL", when the dear Prof. wrote "OPEL"!

Thank you dear Prof, for the care & empathy you showed for the well fed & happy Asmara kids on their 1st day in school after Covid. It will be remembered!

The lab foto is provided by UNDP, & the subject is praising those in the medical profession. As a surgeon & brain & heart transplant expert, you can't surely have something against that- dear Prof?

As for your willing to bomb an archaeological & a World Heritage Sight (Asmara) and for you as a renowned historian, archeologist, geologist & sociologist to say that- it confuses a fan like me.


Ethoash wrote:
08 Apr 2021, 07:59
Zmeselo wrote:
07 Apr 2021, 20:25
Miscellaneous:
for me it is sad to see this picture ,,,,, it is sad indeed . Zmeles told me not to comment about Eritrea economy .. my answer is what economy r u talking about let the picture speak for it self ... even Eritrea have economy i dont comment it is not my business... interfering is Eritrean business ..

one guy said TPLF stolen gold, teff, Opel etc etc.. what this poor Eritrean doesnt know is gold doesnt be found naturally before processing it is just dust . only you get gold once you process one ton of dust and you get one or two gram of gold so you have to put hard work to get the gold .. the same with Opel or with any other mineral ,,,, so if TPLF DID not work hard there is no gold to be stolen.. even Opel trading become booming under the good guys. before that no Opel known in Ethiopia .. once u get Opel u have to cut it and polish it that job is taken by the golden even so the Wollo have the Opel the skill to polish it and to cut it belong to the golden now what r u going to do r u going to sale unpolished uncut Opel to whit men or sale to golden to do their magic









the kids ride in the middle of the road .. they knew there is no car coming .. what a sad photo



ኩሽና የመስለች የጤና ጣቢያ ። የኢቦላ መዳኒት የሚገኝበት ላብ ነው ይለናል። አረ እባካቹሁ አባይን ያላየ ምንጭ ያመስግናል ሆናቹሁብኝ። ይህ አይነቱ ላብ እኮ በመኪና ላይ ታስሮ ገጠር እየተኬሄደ ሕዝቡ የሚገለገልበት ነው። የኢትዬዽያን የመለስ የስራውን የጤና ጣቢያ ብታይ ኖሮ እራስ ህን ትገድል ነበር። አረ እንተወው።




this ruins coming soon once the golden bomb the hell out of Asmara it will look like this why r u rushing to show the ruins now
Last edited by Zmeselo on 08 Apr 2021, 10:38, edited 1 time in total.

lil kogne
Member
Posts: 587
Joined: 20 Jul 2019, 17:11

Re: I need help with an economist, besides ethoash! Why, so many different projections? Thanx in advance!

Post by lil kogne » 08 Apr 2021, 09:13

Zmeselo, I am surprised the two brain cell owner imbecile Ethotrash heed your advice and stayed out from this thread without uttering his Bella-Roba, Lwach- Lwach, 2 cents of street economist ideas. It is great sometimes the Agame understand his level and not to bring his Junior high knowledge and crowd the forum. All and all the economic forecast for our nation and the HOA in general looks great for the cancer that has been the major hurdle is evicted. Even if the forecast does not look ok, The best foundation for improvement has been laid down by destroying the HASADAT aliet !!!!

Selam/
Member
Posts: 4644
Joined: 04 Aug 2018, 13:15

Re: I need help with an economist, besides ethoash! Why, so many different projections? Thanx in advance!

Post by Selam/ » 10 Apr 2021, 03:37

Kichamo Komalo - That person is called Selam/

Woyane leeches didn’t put any effort whatsoever. They forced business owners to give them partnership. They knocked others out of business by stealing their investment plans and by importing/exporting goods without paying any taxes. Even injera export was monopolized by TPLF mfkrs. You guys stole the end products, be it gold, opal, coffee, or sesame. You stole urban and rural land. For goodness sake, you even stole condominiums. Your layman economic expertise is viewed from the crooks’ perspective, not from my position or the ordinary folks position. Your deceased frog promised three meals a day in five years of his term. But he ended up stealing the remaining one or two meals from most of the people. Thank God, the tears of those folks took him down to the abyss, where cursed woyanes belong. Others are following suite. Fvck you. KIFU!

Ethoash wrote:
08 Apr 2021, 07:59
Zmeselo wrote:
07 Apr 2021, 20:25
Miscellaneous:
for me it is sad to see this picture ,,,,, it is sad indeed . Zmeles told me not to comment about Eritrea economy .. my answer is what economy r u talking about let the picture speak for it self ... even Eritrea have economy i dont comment it is not my business... interfering is Eritrean business ..

one guy said TPLF stolen gold, teff, Opel etc etc.. what this poor Eritrean doesnt know is gold doesnt be found naturally before processing it is just dust . only you get gold once you process one ton of dust and you get one or two gram of gold so you have to put hard work to get the gold .. the same with Opel or with any other mineral ,,,, so if TPLF DID not work hard there is no gold to be stolen.. even Opel trading become booming under the good guys. before that no Opel known in Ethiopia .. once u get Opel u have to cut it and polish it that job is taken by the golden even so the Wollo have the Opel the skill to polish it and to cut it belong to the golden now what r u going to do r u going to sale unpolished uncut Opel to whit men or sale to golden to do their magic









the kids ride in the middle of the road .. they knew there is no car coming .. what a sad photo



ኩሽና የመስለች የጤና ጣቢያ ። የኢቦላ መዳኒት የሚገኝበት ላብ ነው ይለናል። አረ እባካቹሁ አባይን ያላየ ምንጭ ያመስግናል ሆናቹሁብኝ። ይህ አይነቱ ላብ እኮ በመኪና ላይ ታስሮ ገጠር እየተኬሄደ ሕዝቡ የሚገለገልበት ነው። የኢትዬዽያን የመለስ የስራውን የጤና ጣቢያ ብታይ ኖሮ እራስ ህን ትገድል ነበር። አረ እንተወው።




this ruins coming soon once the golden bomb the hell out of Asmara it will look like this why r u rushing to show the ruins now

Ethoash
Senior Member+
Posts: 24335
Joined: 20 Apr 2013, 20:24

Re: I need help with an economist, besides ethoash! Why, so many different projections? Thanx in advance!

Post by Ethoash » 10 Apr 2021, 06:22

ብርቱ ታታሪ ታላቅ ክብር ላለኝ አህያ ቢንከባለል። ቡዳ ተባዩን ለማራገፍ ነው።
ወርቃማዎቹ ቢንከባለሉ ። አብቶ እና ኢሱዬ ላይ መአቀብ ለማረግ ነው። ቡዳ አማሮች በ፴ ዓመት ያላገኙትን ወጤት ወርቃማዎቹ በሶስት ወር አገኙት። ኢስዬን ተጎልጉለህ ወጣ አሉት ። ወጣ ግን መሀቀቡ አልቀረለትም። ታድያ እነዚህ ቡዳ ኤርትራኖች ኢሱዬና የሱ ሚኒስተሮ ምንም ገንዘብ ያላቸው ። ኤርትራም ምንም ገንዘብ የላትም አሮፓ በስላሳ አመት ሄደው አያውቁም ብለው አረፉት ። የበግ ቆዳ ነጋዴ ቆዳህ ይሽታል ሲሉት አይ የበግ ቆዳዬ አይደለም የሚሽተው እኔ ነኝ የምሽተው ብሎ እንዳረፈው ነጋዴ ሆኑብኝ። የወረድትን ጥግ የማያውቁ ።

ታድያ እኔ ከታታሪዋ አህያ ቀድቼ ብንከባለል ። ይህንን ጋጠወጥ ኤርትራዊ ለማራገፍ ብሞክር ፣ እንደው ደከምኩ እንጂ ምንም ይህ ምች ሊለቀኝ አልቻለም። እኔ ስዘጋው ደግሞ አብደ ። እብድ አለ ወያኔዎች ላይ ያነጣጠረ ስደብ መፃፍ ጀመረ ። እኔን የገረመኝ ወያኔዎች ተገድለው ካለቁ ምኑ እንዲህ አሳስበው።

ወንድሜ ምንም ኤርትራዊ ብት ሆንም ። ሰው ነህና እንድታብድ አልፈልግምና ቀስ በል። አህያ ስርታ የምታድር ፍጡር ናት። የወርቃማዎቹ መንገባለል ነው የገረመህ ነገ የግብፅን እና የሱዳን ባንድሪያ ይዘው ይወጣሉ የዛን ግዜ ምን አባህ ት ሆናለህ። አዎ ጭንቅላት ስለሌለህ ወያኔዎች ከዳተኞች ናቸው የጠላትን ባንዲራ ይዘው ይወጣሉ ትል ይሆናል አንተ ተላላ። መልሴ አጭር ነው ቡዳ አማሮች እኮ የቡዳ አገር የጠላት አገራችን የኤርትራን ባንድራ ይዘው ከወጡ ። ወይኔዎች ምን አይነት ባንድራ እንደሚይዙ መናገር አይችሉም።

ምን እሱ ብቻ በሚቀጥለው ግዜ አማሮችና ቡዳዎች ስልፍ ሲጠሩ ወያኔዎች አንድ ጀግና ብቻ ይበቃል የሱዳንና የግብፅን ባንድራ ይዞ ይወጣል። የዛን ግዜ ምን አባህ ታመጣለህ። የግብፅን ባንድራ ከቀደድከው ግብፅ ታያለች ቪድዬ የሚያነሳም አብረን እንልካለን። ግና ብዙ እናሳብድሀለንና ። ምክሬ እራሰህን ምክር ለራሰህ ክብር ይኑርህ እንዲህ አትቅለል። ቅሌታም ብቻ ነው በስወ አገር ገብቶ የሚፈተፍተው።


lil kogne wrote:
08 Apr 2021, 09:13
Zmeselo, I am surprised the two brain cell owner imbecile Ethotrash heed your advice and stayed out from this thread without uttering his Bella-Roba, Lwach- Lwach, 2 cents of street economist ideas.


dear Iliio kongneen,

u seems u realy want me to give u the answer hence i am not like buda Eritrea so i give u the answer.

GDP (gross domestic product)_AND per capita GDP both number are useless number .. i explain

let say The Eritrea has 4 million population all of them poor but when u calculate GDP u will had the gold and all other resource that Eritrea sale and divided by itis population then u call it per capita GDP... even so the poor Eritrean never see the benefit of the gold their name dragged into this economy term.

let me give u another example let say Ethiopia has 100 million poor people but if Al Amoudi wealth increased the poor doesn get anything but when we calculate per capita GDP we take Al Amoudi money and divided by 100 million people and the number might go up but no body get Al Amoudi money even if it increased by 100%

let me give another example which one is greater number 10% or 90% if u rushing u might say 90% and u might be wrong


i will give u an example let say there are to box and the number 10% rewritten in the frist box and 90% rewritten in the second box..

now the question is which on is a bigger number would u take 90% over 10% or u take 10% ... the make this decision u need one important value .. u must know how much money in each box ... for example if someone telling u i have 1000 birr and take only 10% of what i have the first box .. and another person telling u have 100 birr and take 90% of what i have,,,, u better take 10% of 1000 birr because it is bigger then 90% 100 birr

once u understand come back for next class.

in my next class how white people play a game with GDP numbers to trick the Africans into borrowing more and become slave to the west..

Selam/
Member
Posts: 4644
Joined: 04 Aug 2018, 13:15

Re: I need help with an economist, besides ethoash! Why, so many different projections? Thanx in advance!

Post by Selam/ » 10 Apr 2021, 08:12

Kichamo Komalo - Good, now you’re talking. Only a few woyane leeches admit that they are no different from ashy donkeys. Keep rolling so I will keep laughing. Nifitamo, your reverse analogy is as reversed as that rolling donkeys. Eritrea is no enemy of Ethiopia anymore. KIFU!




Ethoash wrote:
10 Apr 2021, 06:22
ብርቱ ታታሪ ታላቅ ክብር ላለኝ አህያ ቢንከባለል። ቡዳ ተባዩን ለማራገፍ ነው።
ወርቃማዎቹ ቢንከባለሉ ። አብቶ እና ኢሱዬ ላይ መአቀብ ለማረግ ነው። ቡዳ አማሮች በ፴ ዓመት ያላገኙትን ወጤት ወርቃማዎቹ በሶስት ወር አገኙት። ኢስዬን ተጎልጉለህ ወጣ አሉት ። ወጣ ግን መሀቀቡ አልቀረለትም። ታድያ እነዚህ ቡዳ ኤርትራኖች ኢሱዬና የሱ ሚኒስተሮ ምንም ገንዘብ ያላቸው ። ኤርትራም ምንም ገንዘብ የላትም አሮፓ በስላሳ አመት ሄደው አያውቁም ብለው አረፉት ። የበግ ቆዳ ነጋዴ ቆዳህ ይሽታል ሲሉት አይ የበግ ቆዳዬ አይደለም የሚሽተው እኔ ነኝ የምሽተው ብሎ እንዳረፈው ነጋዴ ሆኑብኝ። የወረድትን ጥግ የማያውቁ ።

ታድያ እኔ ከታታሪዋ አህያ ቀድቼ ብንከባለል ። ይህንን ጋጠወጥ ኤርትራዊ ለማራገፍ ብሞክር ፣ እንደው ደከምኩ እንጂ ምንም ይህ ምች ሊለቀኝ አልቻለም። እኔ ስዘጋው ደግሞ አብደ ። እብድ አለ ወያኔዎች ላይ ያነጣጠረ ስደብ መፃፍ ጀመረ ። እኔን የገረመኝ ወያኔዎች ተገድለው ካለቁ ምኑ እንዲህ አሳስበው።

ወንድሜ ምንም ኤርትራዊ ብት ሆንም ። ሰው ነህና እንድታብድ አልፈልግምና ቀስ በል። አህያ ስርታ የምታድር ፍጡር ናት። የወርቃማዎቹ መንገባለል ነው የገረመህ ነገ የግብፅን እና የሱዳን ባንድሪያ ይዘው ይወጣሉ የዛን ግዜ ምን አባህ ት ሆናለህ። አዎ ጭንቅላት ስለሌለህ ወያኔዎች ከዳተኞች ናቸው የጠላትን ባንዲራ ይዘው ይወጣሉ ትል ይሆናል አንተ ተላላ። መልሴ አጭር ነው ቡዳ አማሮች እኮ የቡዳ አገር የጠላት አገራችን የኤርትራን ባንድራ ይዘው ከወጡ ። ወይኔዎች ምን አይነት ባንድራ እንደሚይዙ መናገር አይችሉም።

ምን እሱ ብቻ በሚቀጥለው ግዜ አማሮችና ቡዳዎች ስልፍ ሲጠሩ ወያኔዎች አንድ ጀግና ብቻ ይበቃል የሱዳንና የግብፅን ባንድራ ይዞ ይወጣል። የዛን ግዜ ምን አባህ ታመጣለህ። የግብፅን ባንድራ ከቀደድከው ግብፅ ታያለች ቪድዬ የሚያነሳም አብረን እንልካለን። ግና ብዙ እናሳብድሀለንና ። ምክሬ እራሰህን ምክር ለራሰህ ክብር ይኑርህ እንዲህ አትቅለል። ቅሌታም ብቻ ነው በስወ አገር ገብቶ የሚፈተፍተው።


lil kogne wrote:
08 Apr 2021, 09:13
Zmeselo, I am surprised the two brain cell owner imbecile Ethotrash heed your advice and stayed out from this thread without uttering his Bella-Roba, Lwach- Lwach, 2 cents of street economist ideas.


dear Iliio kongneen,

u seems u realy want me to give u the answer hence i am not like buda Eritrea so i give u the answer.

GDP (gross domestic product)_AND per capita GDP both number are useless number .. i explain

let say The Eritrea has 4 million population all of them poor but when u calculate GDP u will had the gold and all other resource that Eritrea sale and divided by itis population then u call it per capita GDP... even so the poor Eritrean never see the benefit of the gold their name dragged into this economy term.

let me give u another example let say Ethiopia has 100 million poor people but if Al Amoudi wealth increased the poor doesn get anything but when we calculate per capita GDP we take Al Amoudi money and divided by 100 million people and the number might go up but no body get Al Amoudi money even if it increased by 100%

let me give another example which one is greater number 10% or 90% if u rushing u might say 90% and u might be wrong


i will give u an example let say there are to box and the number 10% rewritten in the frist box and 90% rewritten in the second box..

now the question is which on is a bigger number would u take 90% over 10% or u take 10% ... the make this decision u need one important value .. u must know how much money in each box ... for example if someone telling u i have 1000 birr and take only 10% of what i have the first box .. and another person telling u have 100 birr and take 90% of what i have,,,, u better take 10% of 1000 birr because it is bigger then 90% 100 birr

once u understand come back for next class.

in my next class how white people play a game with GDP numbers to trick the Africans into borrowing more and become slave to the west..

lil kogne
Member
Posts: 587
Joined: 20 Jul 2019, 17:11

Re: I need help with an economist, besides ethoash! Why, so many different projections? Thanx in advance!

Post by lil kogne » 10 Apr 2021, 12:43

Oh damn it ! i spoke too soon i guess. This [deleted] never disapoints and here he is with dirty fingers i mean his imbecile 2 cents of expertise of "opel" I did not know the "golden" owned the "opel" car company. No no he meant opal.
" doesn't be found" ? " you seems" Agame, here is the reason why I told you stay away from comenting on things you have no business comenting on. [email protected], whether it be gold, opal or any Jewel does go to pulic consumption without polising and refined, Agame, KKKKK so you said "golden" you mean the mud rollers are the only one who knows how to polish jewels ?? what do you eat and smoke? do you hav TV and or radio ? where do you come from Agame? Are you eating at least once a day as you ought to do ? I bet you are very malnourished and your brain is lacking vital proteins and electrolyts. I just feel sorry for you and your entire clan. By the way Agame, those well nourished , clean who were riding bicycles Eritrean kids were riding their bike were no cars are allowed to drive. Agame the lock down also applies to vehicles too. The kids who live further from the urbanized areas also have clean schoolswith running water and clinic unlike your Chigaram kids who attend school under a tree or rundown shack. But "professor Ethotrash"you seem to offend your biggest fan my pal Zmeselo on your Economic analysis of " poor" Eritrea and your threat to destry it. Agame trash, just do us a fever for once, when we say stay away from a certain thread we do not mean it in any way malicious, it is just your input is just 0.0000000000000001 helpful so just honor that. Oh about that " you seems" that i wanted you to answer or respond to me, Absolutely yes!!!! Agamew, " golden trash", yes . It makes my day and makes me lough all day [deleted]. Just a little advice between you and me, although your expertise is crap , Luwatch , Luwatch regardless in waht language is written, it is better that you stick to trhe language you are ought to speak and i give that you do it well which is "AMHARIC" kkkkk no Agamigna.

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