It was an amazing scene, thousands had come out with lights held high with songs in support of the outgoing prime minister of Pakistan. A No-Confidence vote had forced the popular statesman and former cricket star out of office in April 2022. That nation has yet to see through even one administration to the end;…
Tag: currency
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…
On Entropy: The Shifting World
As children, sometimes the most asinine things earn our attention. At least in the old days they did, back when children played with toys that didn’t talk back or require a lithium battery to operate. One of those old affects was the proverbial spinning top. An awkward space-ship looking toy that, with the right torque…
The Economics of Dominance: A New World Order
Just when it seemed a comprise had been reached between China and the US on trade; there was the arrest of Huawei CFO Meng Wanzhou. Arrested in Canada for extradition on December 1, Meng faces charges levied by the US Justice Department. The unusual case has come under scrutiny and garnered nervous murmurs from sectors…
Here’s Why Today’s Hard Work Will Not Make You Rich
Perhaps one of the biggest myths is that hard work equals success. This is a concept strongly held in Western tradition, despite its historic and present day inaccuracies. The hidden assumption behind the hard work trope is that the “worker” will be able to enjoy the production value behind his/her own hard work. This is…
A Community of Wealth: Africa and Growth
As Africa began to increase its economic position in the world, more attention began to accumulate in the region. But as communications and technology made it easier for the world to better understand the state of African nations’ economic growth, an even grater query emerged. How can nations replete with so much natural wealth have…
Everybody Wants to Rule the World: The Currency Race
There is a lot of talk swirling around the reason for the Slave Trade in Libya these days. There is this thought that because of destabilization in the region, insurgents have overrun the region and lawlessness has abounded. There are a lot of horror going on in the region, and we have only seen a…
#AfriCapitalism: Does African Currency Matter?
Waiting to pay my bill in Ghana, I rummaged through my purse and my pockets. Oh, no! I hadn’t any more Ghana Cedis. I was in the West African nation of Ghana, and I had run out of Cedis (the national currency). All I had were dollars and at present there was no place to…
Lela Winston 