We are going to be seeing an epic, and undoubtedly savage, battle to determine dominion over Africa in the next few years. Insha'Allah, I hope to talk about this more in future videos. There are many hopeful signs that individual leaders are turning away from the West, and intent on charting an independent course; and I would like to err on the side of optimism — but history makes that risky. Which way Africa goes will determine whether or not Western-centric power's life span is extended or shortened. It is imperative that connections, bridges, and networks of support and collaboration are built between the Muslim world and Africa, as well as other states across the Global South.
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African countries are beginning to recognize their national interests and are breaking away from the West’s forcefully imposed democratic world order, Oleg Ozerov, the head of the Secretariat of the Russia-Africa Partnership Forum, claimed in an exclusive interview with RT.
Speaking to Oksana Boyko, Ozerov noted that African-Russian relations have been on a significant upswing in recent years and that Russia is treating its African partners dramatically differently than Western countries have retained a colonial mindset in their dealings with the continent.
This mindset “manifests itself in the form of patronizing attitudes, lecturing and moralizing, insisting that the Western model alone should be accepted as a gift from the gods by our African friends,” the diplomat explained, adding that this “aura of arrogance” is backed by a desire to keep African nations dependent on the West
Speaking to Oksana Boyko, Ozerov noted that African-Russian relations have been on a significant upswing in recent years and that Russia is treating its African partners dramatically differently than Western countries have retained a colonial mindset in their dealings with the continent.
This mindset “manifests itself in the form of patronizing attitudes, lecturing and moralizing, insisting that the Western model alone should be accepted as a gift from the gods by our African friends,” the diplomat explained, adding that this “aura of arrogance” is backed by a desire to keep African nations dependent on the West
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Forwarded from Disclose.tv
NEW - Saudi Arabia joins China-led Shanghai Cooperation Organisation (SCO) as a dialogue partner — a first step to full membership.
https://www.disclose.tv/id/100144/
@disclosetv
https://www.disclose.tv/id/100144/
@disclosetv
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Germany’s National Debt Hits Record High — Berlin
The country’s Federal Statistical Office has reported that debt rose to €2.37 trillion ($2.57 trillion) due to high spending during the Coronavirus pandemic, and the ongoing energy crisis.
The country’s Federal Statistical Office has reported that debt rose to €2.37 trillion ($2.57 trillion) due to high spending during the Coronavirus pandemic, and the ongoing energy crisis.
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Key Asian bloc looking to dump dollar and euro – media
The ASEAN economic union reportedly wants to protect transactions from “possible geopolitical repercussions”
The Association of Southeast Asian Nations (ASEAN) is set to discuss dropping the US dollar, euro, yen and pound sterling from transactions and moving to settlements in local currencies, according to the news magazine Tempo.
An official meeting of ASEAN finance ministers and central bank governors kicked off on Tuesday in Indonesia. A regional grouping that aims to promote economic and security cooperation among its members, ASEAN includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
“Efforts to reduce dependence on major currencies through the Local Currency Transaction (LCT) scheme will be discussed. This is an extension of the previous Local Currency Settlement (LCS) scheme that has already begun to be implemented between ASEAN members,” said the report.
Tempo specified that a digital cross-border payments system, allowing ASEAN member states to use local currencies in trade, would be expanded further. An agreement on such cooperation was reached between Indonesia, Malaysia, Singapore, the Philippines, and Thailand in November 2022.
The ASEAN economic union reportedly wants to protect transactions from “possible geopolitical repercussions”
The Association of Southeast Asian Nations (ASEAN) is set to discuss dropping the US dollar, euro, yen and pound sterling from transactions and moving to settlements in local currencies, according to the news magazine Tempo.
An official meeting of ASEAN finance ministers and central bank governors kicked off on Tuesday in Indonesia. A regional grouping that aims to promote economic and security cooperation among its members, ASEAN includes Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
“Efforts to reduce dependence on major currencies through the Local Currency Transaction (LCT) scheme will be discussed. This is an extension of the previous Local Currency Settlement (LCS) scheme that has already begun to be implemented between ASEAN members,” said the report.
Tempo specified that a digital cross-border payments system, allowing ASEAN member states to use local currencies in trade, would be expanded further. An agreement on such cooperation was reached between Indonesia, Malaysia, Singapore, the Philippines, and Thailand in November 2022.
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I would interpret this as these countries: Czech Republic, Estonia, Latvia, Lithuania, Poland, Slovak Republic, Ukraine, and Prime-Minister of the Republic of Moldova; all anticipating backlash from their populations against actions these governments will be taking in service to the destabilisation project of the owners and controllers of global financialized capital (OCGFC) against Europe.
Forwarded from KanekoaTheGreat
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South Africa's Foreign Minister Naledi Pandor says Saudia Arabia, United Arab Emirates, Egypt, Algeria, Argentina, Mexico, Nigeria, and other nations want to join BRICS.
Since the start of the US proxy war in Ukraine, BRICS nations have refused to participate in sanctions against Russia and continue to distance themselves from the West.
https://twitter.com/KanekoaTheGreat/status/1640855720404058114
@KanekoaTheGreat
Since the start of the US proxy war in Ukraine, BRICS nations have refused to participate in sanctions against Russia and continue to distance themselves from the West.
https://twitter.com/KanekoaTheGreat/status/1640855720404058114
@KanekoaTheGreat
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An informed source said that a quadripartite meeting of Iran, Russia, Syria and Turkey will be held in Moscow on Monday.
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Forwarded from The Cradle
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WATCH: UN spokesman denies presence of US troops in Syria.
Did the UN just dump International Law?
Did the UN just dump International Law?
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French journalist suggesting that protests are Russian-backed.
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Middle Nation
France destabilisation?
As I thought seemed a likely turn of events
Translate this in your browser. Brazilian exporters will no longer be required to use the dollar when trading with China
https://noticias.uol.com.br/colunas/jamil-chade/2023/03/29/brasil-exportara-para-china-sem-passar-por-dolar.htm
https://noticias.uol.com.br/colunas/jamil-chade/2023/03/29/brasil-exportara-para-china-sem-passar-por-dolar.htm
noticias.uol.com.br
Jamil Chade - Brasil exportará para China sem passar por dólar
Segundo o Ministério da Fazenda, a iniciativa já tinha sido fechada entre os dois bancos c...
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Media is too big
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Speaker of the Ghana Parliament Alban Bagbin regarding Kamala Harris and the American demand of respect for LGBT
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Good info:
“When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.” – John Maynard Keynes
What makes for a successful economy? While the question has long been the subject of deep academic study, we have an admittedly simplistic view: its energy and banking industries. History and observation teach us ready access to cheap, abundant energy and a vibrant, properly incentivized banking sector are an infallible combination.
Look no further than Germany. Prior to its disastrous implementation of Energiewende, Germany had near-perfect access to surplus energy from ultra-secure sources. It produced 30% of its electricity from a domestic fleet of some of the best-run nuclear power reactors in the world and used its bounty of native coal deposits for another 50%. Germans met the balance of their needs using a mix of renewable energy and cheap natural gas from Russia, which arrived in-country via pipeline with an enviable regularity and an even more attractive price.
Germany’s original green energy | Getty
Germany paired this favorable energy profile with a robust and flexible banking sector, tailor-made to support industrial growth. This dual-engine construction allowed its economy to become the fourth largest in the world.
The beating heart of the German economy is its small- and medium-sized companies, known as the Mittelstand, that are strong drivers of the country’s innovation agenda. For color on the nature of Germany’s banking sector as it pertains to the success of Mittelstand development, we turn to Sir Steven Wilkinson, an entrepreneur who spent decades living and doing business in the country, in an excellent essay he wrote for his Pitchfork Papers (emphasis added throughout):
“In order to understand the Mittelstand you have first to understand the unique regionality of the BRD [Federal Republic of Germany] and its federal system of government which devolved a great deal of power and autonomy to the individual states. Each State has its own regional capital replete with its own banking system headed up by the regional Landesbank as well as a raft of special purpose financing institutions (Buergschaftsbanken and the like) whose purpose is to provide access to capital and capital-like financing options to local industry. Add to this the fact that Germany is significantly over-banked, with local Sparkassen (Savings Banks) and VR Banken (Cooperative Banks) along side Private Banks (like Deutsche and Commerzbank) overflowing with deposits and backed by implicit State guarantees (the explicit guarantees disappeared in 2008/09 as a result of Basel III and EU anti-subvention rulings) with implications for cost of and access to capital, then you will understand how Germany is institutionally constructed to provide support to industry in a way no other country is.”
Despite the best efforts of its coastal elites, the US has not yet committed national energy suicide like the Germans. Quite the opposite. With a bounty of fossil fuels and the technological prowess to develop them, the US has reclaimed the noscript of preeminent global energy superpower. The country also sports 92 operating nuclear power reactors which quietly and safely churn out carbon-free electricity with capacity factors exceeding 90%. Although the Inflation Reduction Act will waste much public funding chasing the Green Energy Santa™, we would be surprised if the US relinquishes its global energy advantages any time soon.
Instead, it’s the diversity required in a banking system meant to support economic growth both big and small that is about to be pushed off the ledge.
Although not quite as over-banked as their German counterparts, small- and medium-sized businesses in the US have a plethora of community and regional banks (CRBs) with which to partner on economic development. For these businesses, the relationship between owner and banker – a role still served by an actual human – is an irreplaceable catalyst for substantive growth.
“When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.” – John Maynard Keynes
What makes for a successful economy? While the question has long been the subject of deep academic study, we have an admittedly simplistic view: its energy and banking industries. History and observation teach us ready access to cheap, abundant energy and a vibrant, properly incentivized banking sector are an infallible combination.
Look no further than Germany. Prior to its disastrous implementation of Energiewende, Germany had near-perfect access to surplus energy from ultra-secure sources. It produced 30% of its electricity from a domestic fleet of some of the best-run nuclear power reactors in the world and used its bounty of native coal deposits for another 50%. Germans met the balance of their needs using a mix of renewable energy and cheap natural gas from Russia, which arrived in-country via pipeline with an enviable regularity and an even more attractive price.
Germany’s original green energy | Getty
Germany paired this favorable energy profile with a robust and flexible banking sector, tailor-made to support industrial growth. This dual-engine construction allowed its economy to become the fourth largest in the world.
The beating heart of the German economy is its small- and medium-sized companies, known as the Mittelstand, that are strong drivers of the country’s innovation agenda. For color on the nature of Germany’s banking sector as it pertains to the success of Mittelstand development, we turn to Sir Steven Wilkinson, an entrepreneur who spent decades living and doing business in the country, in an excellent essay he wrote for his Pitchfork Papers (emphasis added throughout):
“In order to understand the Mittelstand you have first to understand the unique regionality of the BRD [Federal Republic of Germany] and its federal system of government which devolved a great deal of power and autonomy to the individual states. Each State has its own regional capital replete with its own banking system headed up by the regional Landesbank as well as a raft of special purpose financing institutions (Buergschaftsbanken and the like) whose purpose is to provide access to capital and capital-like financing options to local industry. Add to this the fact that Germany is significantly over-banked, with local Sparkassen (Savings Banks) and VR Banken (Cooperative Banks) along side Private Banks (like Deutsche and Commerzbank) overflowing with deposits and backed by implicit State guarantees (the explicit guarantees disappeared in 2008/09 as a result of Basel III and EU anti-subvention rulings) with implications for cost of and access to capital, then you will understand how Germany is institutionally constructed to provide support to industry in a way no other country is.”
Despite the best efforts of its coastal elites, the US has not yet committed national energy suicide like the Germans. Quite the opposite. With a bounty of fossil fuels and the technological prowess to develop them, the US has reclaimed the noscript of preeminent global energy superpower. The country also sports 92 operating nuclear power reactors which quietly and safely churn out carbon-free electricity with capacity factors exceeding 90%. Although the Inflation Reduction Act will waste much public funding chasing the Green Energy Santa™, we would be surprised if the US relinquishes its global energy advantages any time soon.
Instead, it’s the diversity required in a banking system meant to support economic growth both big and small that is about to be pushed off the ledge.
Although not quite as over-banked as their German counterparts, small- and medium-sized businesses in the US have a plethora of community and regional banks (CRBs) with which to partner on economic development. For these businesses, the relationship between owner and banker – a role still served by an actual human – is an irreplaceable catalyst for substantive growth.
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The recent and ongoing run on several regional banks risks destroying this important pillar of the US economy, with Treasury Secretary Janet Yellen dazed and confused as she pushes a button she didn’t seem to realize was connected to a wrecking ball. How close are we to the abyss, will regulators stem the crisis in time, and what happens if they fail to do so? Let’s head to the local credit union and find out...
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