Bitcoins And Afropeans
NTOABOMA—Once I proclaimed that Ghana could print her own money and tie it to the gold under our feet, without respecting the petro-dollar. We could have an independent Central Bank, which does not take orders from the US Federal Reserve. That way we could build all the schools, all the hospitals, all the roads and pay everyone in gold-backed promissory notes. Why? We have plenty of gold in the ground. And the world will not stop needing gold!
Some Afropeans laughed and kicked: “The dollar is also backed by a powerful military, and an economy that can soak up the Triffin Dilemma. What power can back the cedi?” They bleated angrily.
But wait, one Afropean—and I know him very well—managed to have acquired three bitcoins earlier this year. He is considering selling it and making huge profits. One bitcoin, which in essence is just a bunch of flickering computer lights, is now valued at over 17,000 dollars! No mighty gun-toting military backs bitcoins. No large markets support it. In fact, it has no central bank, only peer-to-peer keyboard warriors stuck in their grandmother’s basements, peanut butter smeared across their bellies, fighting with their monitors, but who are at war with the status quo. How did they manage, you ask? Just pure imagination and sheer will.
You see the problem with Afropeans is that they like to follow; they can’t stop following. They lack imagination and they lack the will to act. And so they are scared to lead because they are by nature cowards! Cowards are afraid that they could be attacked tomorrow and a white woman could sodomize them with a knife and then she could laugh out with a loud orgasm. Afropeans are scared that they could die and leave behind their sorry lives, in which Obroni decides how much money they can print and thus how much food they and their children can eat; Obroni decides how much medicine and what medicine they can take when they are sick.
The term “Afropean” has nothing to do with geography. It is the state of mind of some twenty-first century Africans, wherever they live. It is cowardice. It is a lack of belief that out of Africa great empires, great civilizations can re-emerge. It is a lack of will. A lack of imagination. A lack of belief in oneself and thus one’s “people.” It is the bottom of decadence!
Stop reading and listening to Afropean news. Read and follow Afrocentric intellectualism. At the least you will die a brave man, not as an ignorant coward. The Universe does not reward cowards. The Universe does not forget brave men. Be brave, my dear friends. Be Afrocentric!
Afrocentrism is Sankofa
And what is Afroncentrism? Afrocentrism is the ideology that says, the world has become more primitive since 1492. That is, Afrocentrism is the ideology that says that since modern Europe’s first encounter with Africa and the rest of the world, the entire planet has been plunged into utter barbarism: crony capitalism leading to an expansive ugly slave trade in human bodies, a foul colonial exploitation of African resources, a vulgar Jim Crow, a loutish Apartheid, an unforgiving neo-colonialism, a gun-blazing imperialism, a bomb-dropping USAFRICOM, etc. Afrocentrism is the ideology that says, because the world has become more violent as a result of this encounter—made evident by the wiping out of more than 75 percent of the world’s species in just two hundred years of Western Barbarism—we must reverse course in order that we can stand a chance to save the planet.
Afrocentrism is the ideology that says to hell with European ideas, which, without exception, have been virulent to Mother Earth. To hell with the ideals of the economics of primitive accumulation; to hell with industrialization; to hell with urbanization; to hell with modernization; to hell with materialism; to hell with consumption; which are all unrepentant theoretical ploys sharpened on the grindstones of academia to suck out the lifeblood of the planet, to kill the planet and to eventually lead mankind to the bottomless abyss of his own extinction. Afrocentrism is the ideology that says, no to the extinction of the human race! Afrocentrism is the ideology that says no to a mutation that is clearly destroying the rest of us. Afrocentrism is the ideology that says to save what is left, and to give Mother Earth a chance to recover from the barbarism visited upon Her since 1492, we must return to the old ways of Africa.
Afrocentrism is the ideology that says only in the ancient civilizations of Africa—deep into Black Africa—can the world uncover, recover and re-learn the art and act of civilization. Afrocentrism is the ideology that is necessary if we are to save what is left of Mother Earth and save ourselves. Afrocentrism is the unapologetic thirst after unfettered intelligence. Afrocentrism is the hunger for honest genius. Afrocentrism is self-preservation. Afrocentrism is humane: the only “-ism” equipped to re-set the homeostatic balance of the entire planet. Afrocentrism is Sankofa. More, Afrocentrism is the indispensable Sankofa.
Be brave, my dear friends. Be Afrocentric!
“Be brave, my dear friends. Be Afrocentric!” Yes!
Very nice ode to Afrocentrism. It is a glowing ideology with a lot of love and guidance to give the world, if only the world would love it back.
Govtts,besides PRC,face an existential threat from Bitcoin and Cryptos ! It is not that it rivals the USD – that is nonsense.The threat to PRC has evaporated,as COVID has busted banks and economies all over the world,and PRC is relative much better.Therefore,there is NO INCENTIVE for Chinese to BUY BTC,besides speculation – for which the door to Macau is open – as the casino profits – then come back to PRC !
The REAL BTC threat is that it BYPASSES THE banking system ! It is not that the banks will collapse and people will withdraw their money from the banks – and take a red eye to BTC ! That also,is not likely in the short term.
The threat is that trade and commerce will BYPASS THE BANKING SYSTEM !
If A sells to B in POS store or online or by a wire transfer – the money goes to his bank – irrespective of FX chosen.Cash can be hoarded,of course, but up to a limit
Once the money hits the banks – then the trail is set ! EVEN IF THE PAYER IS NOT TRACEABLE – the recipient is screwed .Besides FATF – he comes in the Direct and Indirect tax net ! It is this tax net which feeds the corrupt government and politicians.
So in a trade through BTC or other CrC (Crypto Coin),the Govtt loses the entire revenue on that supply chain and value chain – FOREVER – and that will catalyse more and more of such trades.In fact it will start a BTC supply chain – with its tech platforms – wherein manufacturing upto a limit – will NOT PAY ANY TAXES TO the government.
The advantage to the buyer of the goods is that ,he get the items free of VAT or taxes – so it is 10-20 % cheaper,and he has anonymity of payment (if not of purchase)
AND THEN,THIS WILL BANKRUPT THE STATE AND THE BANKS (AS ALL THIS LIQUIDITY WILL EXIT THE BANKS AND WILL ALSO DESTROY BANK SOLVENCY AND THE MONETARY POLICY OF THE FED -AS INTEREST RATES AND CREDIT POLICY,WILL NO LONGER BE A LEVER FOR ANY ECONOMIC DECISIONS AND OUTCOMES !
That is the EXISTENTIAL THREAT TO THE WORLD AND ESPECIALLY TO THE “USA”.
Take the case for India – the Bad assets are USD 400 Billion USD and COVID has aided the banks in hiding more !
It is CERTAIN THAT THE GOI WILL DEMONETISE BANK DEPOSITS ACROSS THE BOARD TO OFFSET THE LOAN LOSSES !
Y WILL PEOPLE PUT MONEY IN BANKS ? The same is the story in most parts of the world.
BTC supply comes from LOW COST POWER NATIONS
BTC demand comes from INEVITABLE DEMAND WHICH IS EXPECTED from BUSTED NATIONS LIKE INDIA – AND SPECUALTORS IN THE US/EU PUNTING ON IT
BTC THREAT COMES FROM THE USA and EU – the existential threat ! BTC is not a threat to PRC !
AND THAT IS WHAT MAKES IT A PERFECT INVESTMENT BET ! dindooohindoo
COULD IT BE THAT THE US AND EU ARE USING BTC TO TRAP INVESTORS,INFLATE THE BALLOON AND THEN BLOW IT UP ? THAT WILL WIPE OUT THE SPECULATIVE LIQUIDITY IN THE ECONOMIES – AND THE WEST CAN DO A FALSE FLAG – LINK THE MONEY TO CRYPTOS – AND THEN — USE THAT TO BLOW IT UP !