One of the most key aspects of a thriving nation is its economy. Beyond its ability to protect its citizens with a thriving military and sound diplomacy, nations of the future must start to focus on monetary policy as a means of both developing their nation through infrastructure, trade, domestic business, social initiatives and military prowess. Without the ability to trade on an even playing field with other nations, many countries will remain in a permanent new world social underclass where its own leaders play serf and slave to nations who prepared for all eventualities.

Currently, many nations operate on the Western Modeled Federal Banking system and through the Society for Worldwide Interbank Financial Telecommunication or SWIFT. The Current Banking system used around the world is modeled after the Western conceived fractal banking system connected by the SWIFT Codes which interlock banks and make transferring money possible. The problem with the banking system is its built-in inequity. That inequity ensures that some nations will forever be poor. Yes, forever–so long as they subscribe to the accounting of the current Foreign Exchange rates undergirded by the Fed Banking System, SWIFT Membership and the Fractal Banking model.

Without the ability to trade on an even playing field with other nations, many countries will remain in a permanent new world social underclass where its own leaders play serf and slave to nations who prepared for all eventualities.

Recently, a group of BRICS nations, Russia, India and China, have been making plans to move away from the SWIFT payment system. The plan to create alternative banking and financial telecommunication systems have always been in the works. Many nations have chaffed undernthe current system, unable to extricate itself from slow growth and its populations from dehumanizing poverty. In an effort to stem the bleeding, many nations have sought alternatives to evade financial manipulations. Under the Hussein regime of the 1990s, he sought to extricate himself from Western Sanctions by selling oil in Euros. Not long after, he was accused of

harboring weapons of mass destruction in violation of the treaty that his nation signed but did not ratify. Nevertheless, Iraq was preemptively attacked by the US and a small Western delegation. No weapons of mass destruction were found, but the nation was plunged into war and ruin. Again, Lybian leader, Mommar Qaddafi sought to extricate his nation and countless other African nations from debt and poverty by creating a gold-backed “dinar” currency. Shortly afterward, there was an “Arab Spring,” seeking “democracy and freedom” that ended his ambitions and his nation, which at that time was the only African nation with zero foreign debt.

Recent history teaches us that the discontent with the current banking model is growing. Increasingly, nations, their leadership and people are growing frustrated with a banking system that hamstrings real economic sovereignty. The foreign exchange system dictates that cheap-currency states will always need rich-currency states for aid or investment. This means that businesses in countries like Mozambique, Pakistan and Venezuela will always struggle to scale viable businesses and economies that work. Beset with counterproductive banking system, nations around the world are unable to develop industries that support their economy and essentially locks them out of the opportunity to grow real wealth. Just recently, the US levied sanctions against Iranian, Russian and Chinese officials as well as aggressively pursuing Nigerian business transactions and freezing accounts under suspicion of fraud. Such developments clearly demonstrate that without home-grown wealth, elites in developing nations playing the corruption game with stashed loot in overseas accounts and properties are likely to lose it all. Without a real domestic wealth base and a growing economy, the “fake elite” may lose everything should circumstances change–a high likelihood in today’s rapidly changing world.

Beset with a counterproductive banking system, nations around the world are unable to develop industries that support their economy and essentially locks them out of the opportunity to grow real wealth.

Without a strong and autonomous currency, nations are left open to the manipulations and sanctions of any “rich” state. Confessions of an Economic Hitman and several other articles on the subject, detail how nations are bankrupt by currency manipulations by “influential actors” from rich nations in the financial sector. In fact, the current Forex model has deep cultural ideologies in that when the Dollar gains, the Rupee loses. This win/lose system ensures that rich nations can never fully support the growth of poorer nations, because it comes at their loss. It is the currency system that locks out prosperity in developing nations around the world. As long as nations are tied to it, they can confidently count on being financial slaves to states with stronger currencies forever. Businesses will never scale. There will never be enough to create a viable living standard and tax base capable of creating the infrastructure and financial capital to satiate workers and keep them from desperation-theft, fraud, or bribes (otherwise known as small-small, kitu kidogo, etc.).

The push for a different currency continues. And like the pangs of labor, they come faster and faster. The world is chafing for a new, less restrictive less patriarchal system. One that allows nations to pursue its own destiny and support its own people without frequent visits to foriegn superpowers and NGOs, with hat in hand asking for a loan or investments. A October World Bank report indicates that external debt in middle income countries rose by over 5 percent to nearly 8 trillion dollars. The making of debtor nations has been a facet of the Post World War II World. Pakistan sought to secure an 8 Billion dollar loan from the International Monetary Fund (IMF) in October, while just one month previously, Argentina secured a 57 billion dollar loan (the largest in IMF History) in September of 2019. According to the US Congressional Research Service, data from the IMF indicates that the top borrowers are Ukraine, Greece and Argentina.

It is the currency system that locks out prosperity in developing nations around the world.

Cash poor countries will always need to borrow in a system where your money is worth less than pocket change. Such nations bound to an uneven system will not be able to secure the talent they need to propel their nation forward. A report released by the UNDP in October also indicated that the African Migrate flows were not comprised of the very poor, desperate or refugee segment, but rather gainfully employed or educated classes who found they simply “could not make enough” even with their jobs, education or business. Their predicament is by design, not default. The inequity of their currency makes them poor regardless of hours worked or degrees earned. If an American works for 8 hours at 20 dollars per hour, he come home with 160 dollars for the day. If a Nigerian works for 8 hours at 20 Naira per hour, he comes home with the equivalent of 44 cents for the day. Economies and businesses of the future will need to make certain changes to ensure that money flows actually reach all levels of their population. when finance is decapitated at the top, it makes it impossible for business to grow because poor people do not spend. Businesses fail because a poor man can visit the shop once a month; while a gainfully employed man can visit the shop 3 or four times a week. This causes business to grow, this circulates money through the economy.

The handwriting is on the wall–the monetary systems will change. The advent of block chain currencies during the 2008 World Financial Crises was also an attempt at escaping an antiquated model of finance hampering autonomous growth. But questions remain about those who will do it first, and whether developing economies will seize the opportunity to gain power and extricate themselves from pre-programmed poverty. After all, the Golden Rule remains: he who has the gold makes the rules.