Paul Kagame has said so long as Europe �� and America �� Control our Money, they will Control our Economy: We need African Common Currency backed by our Resources not by Dollar or by Euro

Africa may never be able to build any of the prosperous economies we built in the past because we are nearly working entirely to support the economies of others while every value we have on our land is made to be taken away for free.

You may like to ask the next person to you this question: "why do African countries sell their product to America in Dollars, to EU countries in Euros, and to China in Yuan?"

The obvious answer you are likely to receive is: Because we need foreign exchange!

But, if we need foreign exchange (their currency) to demand for what they have of which we are in need, why don't they also need foreign exchange (our currency) to demand for what we have of which they are in need?

We want foreign currency, they want our value.

We have been Programmed into thinking that their paper is either more valuable or equally in value to our valuable resources and goods. But our paper worth nothing to their resources and goods.

But, the truth of the concept of paper money is that it only worth the value of goods or resources you own not that of others. This is the reason why Britain sells her products to the US, EU, Africa or any other country in the British Pounds Sterling, Germany sells her products in Euros to Everyone including the US and China.

When China want to own a share of the US Economy, it had to produce goods and values and sell them on the US market to obtain US dollars in order to use that dollar to obtain a share of the US economy through bonds and bills. China doesn't sell her product to America and pack US dollars to Chinese.

Our economic management teams must begin to understand that, no matter how little our resources may look in their eyes in their understanding, they are not valuess so they must be sold in our currencies. To allow them to be sold in the currencies of others means that we simply do not know that they even have any value at all.

The government of the African Continental Unity Party will Create an African Continental Currency which will be backed by the huge natural, material, and knowledge resources found in Africa; it is in this currency in which all African capital shall be traded in.

https://www.solutionreporters.com/2022/12/14/europe-america-control-our-economy-we-need-a-common-african-currency-paul-kagame/

@seun
@lalastica

You said it all sir.

This was one of the reasons the elite killed Gaddafi.

You cannot be doing same thing and expecting a different result!

With bad and corrupt leaders all over Africa, who have failed to invest in human development to boost their research, productivity and economy!

Someone should tell Kegame, It will be like that for next 100 years if bad leadership and corruption continues to conquer Africa

Change starts from within, not throwing blames outside!

Badabada:
You said it all sir.

This was one of the reasons the elite killed Gaddafi.

Only if Gaddafi was still alive.... He was on the verge of making this vision a reality!

African leaders are not yet serious.

Look at ECOWAS, they have been talking about a common currency since God knows when

Till today, there's nothing on ground

Nigeria is suppose to pull out of ECOWAS and AU.

CoronaVirusRelo:
You cannot be doing same thing and expecting a different result!

With bad and corrupt leaders all over Africa, who have failed to invest in human development to boost their research, productivity and economy!

Someone should tell Kegame, It will be like that for next 100 years if bad leadership and corruption continues to conquer Africa

Change starts from within, not throwing blames outside!

You have a very strong case.... Corruption and Africa are one and equal.
It's a huge Monster we can't easily defeat!

Parachoko:
African leaders are not yet serious.

Look at ECOWAS, they have been talking about a common currency since God knows when

Till today, there's nothing on ground

Nigeria is suppose to pull out of ECOWAS and AU.

Nigeria won't pull out because of the financial benefits they derive

SReporters:


You have a very strong case.... Corruption and Africa are one and equal.
It's a huge Monster we can't easily defeat!

Their is corruption in other parts of the world, but Nigeria’s case is unique!

A country where you can claim to have bought a pack of pencil $2 million and nothing will happen!

The height of corruption is exponential and done broad day light without fear

We have used ill to cripple EVERY institution on the continent, and same time enslave habitants of the continent.

Kegame should look inwards and throw blames to right quarters if he is brave enough. Blaming Europe or America is baseless!

Is he saying that Africa should become one country so that Europe and American will stop controlling her economy?