Things I’m picking up from this IMF report. Our broad money velocity is 3.3
That means that in our economy we cycle through our broad money supply 3.3 times in a year. That is actually high. In developed economies it’s typical to have that number at 1.1 to 2.
3.3 means money doesn’t sit long in accounts. As it’s coming in, it’s going back out.
Paychecks are spent as they hit. Fast moving consumer goods and consumption economy.
Banking depth is low and informality is high.
@The_olakunle We are born into these two(2) subject and it is expedient that we seek deeper understanding to decipher how both will reflect the god in us as mankind.
Interestingly; it is a relationship of choice!
@The_olakunle I forgot to react to paragraph 5:
We should try as much as possible to separate the subject of typical 'Religion' & 'Culture'.
These two (2) Infact has been misconstrued as a subject that should align or be parallel in understanding. For me, No!
@Ovbiedo_@The_olakunle I agree with you & I tried so much not to use the word 'Idolatry' but I found none other than self.
Correlate you paragraph 2 with paragraph 4: Decribe the elements involved in the worship
@Ovbiedo_ My views and thought pattern is not limited to race, tribe, language, and what have you in term of identity.
My view is purely of mankind & humanity in totality!
The understanding with which man made culture is faulty. The understanding is of a fallen and/or degenerated nature borne out of self, flesh, deceit.
The only wholesome culture is Love God, and you neighbours as yourself!