The world may not be altogether sure why nations who have professed to be the world’s leaders of freedom and democracy are launching unprovoked aggressions violating treaties, pumping arms into impoverished nations to prolong proxy wars and doling out hundreds of sanctions worldwide. It seems nonsensical to the popular narrative of freedom and justice we…
Tag: cfa franc
Row Over ECO Currency Reveals External Controls
The latest developments coming out of Africa further solidifies the notion that the currency tides are turning. It was only a few decades ago that the U.S. Dollar and Oil/Dollar reigned supreme, despite its lack of actual intrinsic value. It is important to note, that in 1971 when former U.S. President Richard M. Nixon un-pegged…
Let The People Go: The International Way Forward We All Know
At the beginnin of the year, Italy made a salacious statement. It accused France of impoverishing Africa. Italy sighted the manipulation of the French controlled CFA Franc which many see as the heart of fancophone Africa’s financial woes. Much like the world’s antiquated financial system, built arbitrarily on the values assigned by former colonial powers,…
Italy’s Money Challenge: From Austerity to Freedom
Italy has faced a massive influx of foreign national and refugees to its shores, and recently made incendiary statements regarding Frances’ role in the continuing instability in Africa. Italy’s inflammatory statements likely comes out of a state of frustration and helplessness, as it grapples to handle its own economic instability and the steady consuming wave…
Lela Winston 