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Showing posts with the label economy

A viable single African currency concept.

The original reason why I believe a single African currency would not work. Below is how we could attempt to make it work.  The many currencies of Africa. To prevent destabilization of the continent's economy, there could be two currencies: The Lami  for countries lying mostly north of the equator & the Ng'ombe  for countries mostly south of the equator. Both currencies would be independent with the Lami having it's bank & headquarters in Addis Ababa while the Ng'ombe could have it's bank & headquarters in Nairobi.  N.B.: Gabon, Congo-Brazzaville, DRC & Kenya would use the Ng'ombe currency while Uganda & Somalia would use the Lami currency.  North of equator = Lami  South of equator = Ng'ombe   More stable countries with higher GDP per capita could be first to use the new currencies i.e. Seychelles, Mauritius, Gabon, Botswana, Libya, Equatorial Guinea, South Africa, Algeria, Na...

Decentralized money.

You can now buy with Bitcoin & Tether (a cryptocurrency pegged to the US dollar) in South African shops. This means that you can keep your money in virtual dollar vaults & still use it in everyday life. I can imagine what this kind of technology could've done for countries like Turkey & Argentina whose currency has devalued considerably against the US dollar. And while the South African Rand continues to stumble against the US dollar, some stability could've been attained with the use of USDC & Tether provided that this payment system holds or isn't over-regulated to the point of becoming obsolete. South Africans no longer have to struggle with PayPal for international payments & can send or recieve money from anywhere worldwide within minutes.  M-pesa from Kenya   This blog is not monetized, if you read something that resonated with you please do the favour of sending a little cryptocurrency so I know it was appreciated.  BTC receive: 3A3x...

What is equality?

Is equality possible in a diverse, multicultural & multiracial society society? Of the Top 10 most equal countries in the GINI coefficient index , all 10 are homogenous ethnostates. It is simple; people who are alike, treat each other equally. I can't see homogeneity translate into current South African society. What would need to happen to enforce equality in South Africa would be government enforced equality measures. This means; 1) a centralised education system for all schools, 2) centralised, state-controlled work & labour practices & 3) centralised, unified cultural expression (single language, single religion & uniculturalism) in the land. This, ultimately, does mean leftism . State-enforced equality will eventually lead to a unified culture & belief system which will lead to equality across the land even in a multiracial & multiethnic society. We know this because we've seen it work in the Soviet Union, Yugoslavia & to some extent Tanzania. W...

Why a United States of Africa won't work as well as it's instigators think it will.

Many have heard of the story of Babylon where people of many nations united to build a giant ziggurat so they could reach God or be like God. So either God's angels or God Himself confused their languages so they could separate & go to different lands. I'm not sure what this story is meant to teach myself but I think I get the just of it. Simply; God hates multiculturalism . What does God have against forcing people together who are from different lands & speak different languages? Why would God hate this? Maybe this explains why every empire or forced unification of people has never stood the test of time. Why do we preach global unity or continental unity when God has shown in the past that He is against this? Why is He against multiculturalism? Well, I did some research. Multi-ethnic lands do seem to be more hateful or racist towards outsiders. If not, they are often murder capitals or crime capitals of the world (see image below). Is it just simply human nature ...