America, under the leadership of Barrack Obama and Hilary Clinton and the NATO forces deposed the government of Muamar Gaddafi, killing and humiliating him. President Gaddafi had recently announced the introduction of a single currency in Africa and the introduction of an African Central Bank as two solutions to circumvent the control of African economy using foreign debt. The main culprit in using debt to plunder African resources is the World Bank and the IMF.
The issue of gold has always been a hot topic in American and western politics at almost every major crossroads. In 1896 U.S. Presidential elections, a democratic candidate by the name of William Jennings Bryan give a famous speech during the Democratic Party nominations in Nebraska popularly known as the Cross of Gold Speech. Jennings was campaigning for the use of both gold and silver to back the dollar. The popular play Wizard of Oz was also partly inspired by the issue of the gold standard debate. The populist forces lost the debate and gold became the standard of monetary policy in the U.S. as some of the big boys in government wanted.
The issue came back in 1944 following WWII at Bretton Woods, New Hampshire, where two main ideas of having the dollar as global reserve currency or a neutral currency known as Bancor. John Maynard Keynes and EF Schumacher had come up with the concept of Bancor. America used its power and the dollar was picked as a reserve currency to be backed by gold.
The dollar would be back by gold until 1971 when Richard Nixon announced a temporary suspension of the convertibility of dollars into gold. America had been printing more gold than it had to fund the Vietnam War. France and a few other countries demanded for their gold that they had deposited in America as part of the Bretton Woods agreement. That was the beginning of the demise of Bretton Woods agreement and the move by Nixon.
But it was Paul Volcker who put the last nail on the coffin of the international trade as he proposed to Henry Kissinger a way in which America could print money and export the resulting inflation to other countries. That job fell on the Federal Reserve to print money without control. Along with the arrangement of Saudi Arabia selling their oil in dollars, a powerful military with almost 1000 bases in foreign countries, the denomination of all IMF and World Bank loans in the dollar, the supremacy of the dollar was guaranteed.
The consequences of those policies was to make Africa the source of raw materials and poorer with time. That is why Gaddafi’s plan had to be stopped immediately. It didn’t matter what color of the skin the president of the U.S. was at the time. Now we see the same color in the general who wants to overthrow president Ibrahim Traore, again on the account of gold.
America should start by telling us where Muamar Gaddafi’s gold that was in such a big enough amount to set up an African bank with a gold goin went.
Keep your eyes on the big yellow road and not the antics or the color of the skin of the wizards. Besides the military and economic war, the biggest war that Africa has to fight is the cultural war. A culture of consuming what you don’t make and selling what you don’t consume in raw form is the kiss of death. African revolution of the minds have to change if Africa is to survive and their leaders like president Traore.
Africa is a net food importer and that is gold to Africa’s enemies and a cause of Africa loosing its gold to secure fiat food that keeps them starving, sick and riddled with lifestyle diseases of the West and wealthy nations.
Traore is not just a president but gold, food a freedom for Africa. Americans can kill him but that won’t him an idea whose time has come. The word Traore is more valuable than gold for it is the representation of a true upright African and therefore a perfect reason for an upright uprising of African everywhere. America might soon be facing DUGE, the Determination of Upright Government Efficacy.
If William Jennings Bryan thought talked about the cross of gold, today we have African on the cross and we are not going to take it lying down.