So when you hear people saying we want to de-dolarize they are actually saying we want Total Independence and total Independence means economic emancipation.
African Superiors People are saying we have been manipulated for too long we’ve been controlled for too long the Americans can print dollars and deploy them anywhere in the world and it is suggested that nearly 40 percent (40%) of the American dollars is actually circulating outside of the United States of America.
So that even when America says that they are the most heavily inducted Nation on Earth, They are not in fact, They can just print dollars and pay their debts so this is a cry by the world that we want change that.
Freedom must mean that we are capable of trading at levels which are equal, that we can run ourselves without being dictated to as I speak to you now, if you are in work chat in Mauritania and you once sent money to somebody in a vision the correspondent bank will be in the United States of America, or in Paris how can that be allowed to happen and then we talk about the sovereignty of the nation.
I hear that cry and I too am a warrior in that struggle the warrior to the dollarize and have a completely reconfigured architecture of the world economy and that is why Brits.
Which is now bringing together new countries that are emerging out of the domination of the United States of America.
China Sense Beginning (De-dollarized)
In the World China is beginning to make sense, China is in that Arrangement India is in that Arrangement Brazil is in that Arrangement Russia is in that Arrangement South Africa is in that Arrangement and let me tell you in the next few years.
You will see many countries coming into that arrangement with the sole purpose of ensuring that the their economies are de-dollarized and I want to say part of the reason why you see our economies cannot grow as well and as robustly as they should is because they are Shadow economies being controlled like marionettes from Washington London Curry Brussels and those Western countries.
I’ve always held the view that when the house is on fire, you put out the fire you don’t try to determine who lit the fire in the fast space and we find ourselves in such a situation and the question as to who is right and who is wrong depends on who you are talking to if you talk to the Western world and the ukrainians they hold the view that Russia is the aggressor and they are therefore actually fighting this war.
The reality of this world is that Russia is fighting the entire Western world that is the reality many African countries quietly actually support Russia and they support Russia out of historical reasons that at critical moments during the struggle for Independence it is the Russians who came out to support those who are fighting for Independence, the Russians who are present in Congo the Russians who are present during the struggle in South Africa the Russians who are present in Mozambique, the Russians who are present in Angola, the Russians who are present in Guinea bissau.
Africa are supporting Russians
Therefore sentimentally Africans support Russia but no matter who we support my own view is that war has no eyes the net effect is that those who are not responsible for the war end up suffering.
I hope that this war once it’s settled will send a clear message also to the Western world that they are hegemonic approach to world affairs must come to an end.
Some Era Approach
that the era of unilateralism and manipulation of multilateral Institutions must stop and the approach to world affairs must be collegiate through the (U.N). if they don’t do that then the Western World will find itself in a very difficult position.
The only thing that will protect them from the rest of the world is that they have nuclear weapons which they can unleash upon the rest of the world and the writing is on the wall uh the conflicts that we see particularly the Russia Ukraine war if not stopped has the potential of spreading to the rest of the world. Remember that the combatants in this particular War are Western European countries and Russia and all these countries have military bases in the continent of Africa. And if one mistake is made and it degenerates into a nuclear war nobody will be spared and indeed that is the reason why the African Union and African leaders have now said we can no longer afford the luxury.
We can no longer afford the luxury of sitting back we must come into the front Forefront and send at this Mission they realize as we say in kiswahili.
If your neighbor is having a haircut you must also take water and put it on your hair because it is your hair that is next online
I hope that the African initiative will succeed because if it does it will do a number of things one it will number one demonstrate, that Africa is capable of Midwife in peace processes number two it will be a message to the Western world that they can no longer dictate to the world what the world needs to do number three it will force the International Community through the agency of the United Nations organization to renegotiate the character and composition of critical institutions of the U.N.
Going forward because as it is now the U.N is a body that functions at the behest of thewestern world and others are mere participants playing what sometimes in English may be called the Gooseberry as an unwanted third parties in the entire Arrangement that is why you see International institutions such as the ICC institution that sometimes are deployed to deal with those whom. America or the British or Europe do not like to operate in a particular way so I look forward to the quick end of this all then we start a healing period which is defined by Russia now you are.
I’m speaking at a time when the world is under no illusions if anybody thought that the war in Ukraine was too remote to alien they now know better they now know that the bread that is eaten in Egypt they now know that the bread that is eaten in garroway in Somalia that the bread that is eaten in Nairobi Kenya is made out of grain from Ukraine and that therefore you cannot ignore that world we now know that when Russia and Ukraine are frightened then it will affect the cost of fuel.
if it affects the cost of fuel then it will affect the cost of Commodities which we use on a daily basis we now know that it will accept the world’s supply chain and the things that we take for granted will be disrupted therefore we have a keen interest.
Africa must have a keen interest and it gladdens my heart that African Union has now decided to send a peace delegation to Moscow and to Kiev to talk to the leaders of the combating parties to bring peace. And I hope that Africa will begin to rise as a continent that can Midwife peace because peace is critical to African development in all its aspects and history has demonstrated not once not twice but times without number that indeed the world is but a global village and a war in what you think is geographically a distant land affects you in a very practical and
Dollar is Dominant to world currencies
Real-time way if you look at the world today and the dollar has been the dominant currency in the world and and the dollar the Dollar’s dominance came about in the 1960s, 1970s perhaps a little earlier but the dollar became the hegemonic currency when they entered into an arrangement with the Saudis and we then gave the world or they gave the world the term Petro dollar so that what then started happening is that the dollar was no longer backed by any gold the dollar became a seat currency during the nixonian era oh I’m saying errand era at the same time it was an error and an era at the same time.
Almost all transactions in the world are terminated in the dollar and they have used the dollar as an instrument of political and economic control and that is coupled with the use of Institutions such as the IMF and the World Bank and you remember the World Bank and the IMF were created in Bretton Woods in New Hampshire in the United States in 1944 by American economies and British economies at that time as a way of finding funds and deploying funds for the rebuilding of Europe after the World War II but.
When African countries became independent we also found ourselves in that space.