I do like receiving your newsletter and I am pleased to see this essay addressing Zimbabwe's currency situation and its resolution to solve it. This challenge is not unique to Zimbabwe, it is a challenge for the entire continent partitioned into states or territories not by Africans but by former foreign countries less endowed with wealth and have been extracting the wealth from these partitioned territories they once colonized. Africa urgently needs a single currency to serve the financial well-being not of 10-15% of its population but 100%!! like every other continent has been doing for a long time. Africa is not poor because its people are, but because foreigners are impoverishing it. Gold as a sovereign currency circulated for use by the trading populations and consumption by continental citizens is mandatory. Africa has 1 billion indigenous consumers. it does not need to trade its currency with any other foreign currency that would be less in value than an African gold currency--even a single unit. Nor should it be pegged with a foreign currency for its validity. Trade items of value, such as, coffee,cocoa,gold, titanium,cotten textiles are extracted from our African continent to gloss the foreign stock markets. Rather than imitate or copy foreign playbooks for financial stability, let us concretize and use the continent's own incredible blue print of gold consumption for finance, trade and socio-cultural stability. Lest this invites incredulitiy, let us marvel at how wealthy Africans have been, so, they gold-covered King Tutankhamun's casket-- in his time, that reflects a tradition of wealth and prosperity. An African gold monetary system exclusive of misleading foreign rules and regulations is imperative at this time. -- "Songana"
I do like receiving your newsletter and I am pleased to see this essay addressing Zimbabwe's currency situation and its resolution to solve it. This challenge is not unique to Zimbabwe, it is a challenge for the entire continent partitioned into states or territories not by Africans but by former foreign countries less endowed with wealth and have been extracting the wealth from these partitioned territories they once colonized. Africa urgently needs a single currency to serve the financial well-being not of 10-15% of its population but 100%!! like every other continent has been doing for a long time. Africa is not poor because its people are, but because foreigners are impoverishing it. Gold as a sovereign currency circulated for use by the trading populations and consumption by continental citizens is mandatory. Africa has 1 billion indigenous consumers. it does not need to trade its currency with any other foreign currency that would be less in value than an African gold currency--even a single unit. Nor should it be pegged with a foreign currency for its validity. Trade items of value, such as, coffee,cocoa,gold, titanium,cotten textiles are extracted from our African continent to gloss the foreign stock markets. Rather than imitate or copy foreign playbooks for financial stability, let us concretize and use the continent's own incredible blue print of gold consumption for finance, trade and socio-cultural stability. Lest this invites incredulitiy, let us marvel at how wealthy Africans have been, so, they gold-covered King Tutankhamun's casket-- in his time, that reflects a tradition of wealth and prosperity. An African gold monetary system exclusive of misleading foreign rules and regulations is imperative at this time. -- "Songana"