What will African Economies do once the Dollar and the Euro collapse?
Posted: 2011/09/07
From: Mathaba


Africa needs to regain control of her own resources

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by Deitric Muhammad

In the Name of Almighty God, the Beneficent the Merciful:
Today we are witnessing the inevitable collapse of Western economies. Inevitable -- not because of the encompassing debt that Western nations have succumbed to. Inevitable -- not because of misgovernance and misappropriation of fiscal revenue by government officials and embezzlement by central banking institutions. No. It is inevitable due the economic structures of these economies at the root. The economic structure is a parasitic design. The economic structures of these economies require “host” economies from which to gain its sustenance and preservation.

The genius of this design is its ability to make the host economies believe they are themselves “dependent” on the “parasitic” economies -- and can neither sustain nor preserve themselves without the assistance, guidance, financial backing and currency of the “parasite” economies. Simply genius! An absolutely marvelous and wonderful design!

These parasitic economies required an external labor force in order to extract resources from external economies in order to import natural resources that would support and actually back these parasitic economic structures. This is understandable because these resources were not produced in large quantities within these economies. However, to accomplish this, those external economies had to be utterly destroyed in order to reap maximum (limitless) benefit. Actually, this was not the only option. A cooperative measure could have been instituted if desired. However, this was not the desired option.

Nonetheless, through deception and war-making, the twin institutions of slavery and colonialism were established. The purpose was to utilize the expertise and labor of the indigenous populations in order to extract the natural resources of those “host” economies in order to support and back the “parasite” economies of Europe.

Now we have the motivating factor behind European expansion into the Western hemisphere, Africa, Asia, and throughout the planet. This was an ingenious operation in its execution and effectiveness. The best executive factor is that the European populations actually convinced the indigenous populations that they can not produce anything for themselves from their own resources without the expertise of their successful European counterparts. This would be laughable if it was not true.

Let's fast-forward to the 1700s-1900s. All Western economies had currencies that were subjected to a monetary standard. This is amechanism that allows a currency to be backed by a monetized commodity which is set at a particular nominal price per measure of that commodity. This set price/measure attribute was the indicator that detected inflationary and deflationary pressure at its earliest stages. This detection enabled the economies to check these market forces at their earliest stages by taking out and adding in currency in order to sustain the set price/measure of that monetized commodity. This brought price stability, monetary stability -- for it stabilized and preserved the value of the currency, and ultimately, economic stability.

Although these parasitic economies were dependent on stolen labor, stolen natural resources, and stolen wealth, they were able to sustain and preserve themselves in real terms because they were able to support and back themselves with real resources. The currencies used and created by these European economies represented real value as a unit of account.

They only represented real value because the real value was in the real natural resources from which they extracted from the “host” economies. In other words, the currencies had no value within and of themselves.

Each parasitic economy had its own currency with its own monetary standard. These currencies were superimposed on their colonial “host” economies. This added to the dependency of these colonies on their colonial masters. These various monetary standards naturally had some difficulties in terms of trading and business. This is what prompted the call for Western nations to unite their currencies. Of course, there were other factors as well. During the first World War, the indigenous populations had experienced the power of the firearm at first hand when they used these weapons against the brothers and enemies of their colonial masters. This is what helped sparked the idea of revolution and freeing themselves of their imperialist masters.

The wickedly-wise Western powers saw this and needed to make preparations for this. It was not the idea of indigenous populations using weapons against them that scared them. On the contrary, it was the indigenous populations being economically-independent of them that warranted nightmares. A circumstance needed to be created that would enable these “parasite” economies to continue their control and extraction of natural resources (wealth in real terms) in their “host” economies in perpetuity. The most effective and proven means to accomplish this is through debt. The best established and most proven means to create debt is through war-making.


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^^^^

We'll revert to Trade by barter. We survived on it before. I am pretty sure we can do it again. Don't you?

Lemme go and see the exchange rates sef. I'll be back