Black People Politics : The Imperative for Pan Africanism becomes more evident each day

Ankhur

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The press of the alledgedly cash strapped, economicly depleted US and EU, to colonize the entire continent of Africa becomes more evident each day, and with China sanctioning the colonization of Libya, when they could have pulled the military funding plug from the US at any time,
makes it clear and evident that a true Global,
PanAfricaims is necessary in some smal rudimentary form for the future survival of the Black race.
Without such unity, millions will suffer needlessly as individuals on both sides of the Atlantic.
What ever administration enters Washington in the next 4 years, one can be assured,
that draconian cuts will slash things we took for granted, in our communities, therefore we will have to find some way to provide our own.
As the EU economy takes a dive the IMF and World bank will use militarty force on African nations that have not nationalized their resources or formed a unified block of at least 40 nations,
to collect old debts.

El Hajj Malik Shabbaz satement was a foundation that, if followed,
it would have allwed us to bypass the rigged global depresion.
Remember!When an Oligachy falls it falls hardest on those at the bottom

"The Organization of Afro-American Unity will take measures to free our people from economic slavery. One way of accomplishing this will be to maintain a technician pool: that is, a bank of technicians. In the same manner that blood banks have been established to furnish blood to those who need it at the time it is needed, we must establish a technician bank. We must do this so that the newly independent nations of Africa can turn to us who are their Afro-American brothers for the technicians they will need now and in the future. Thereby we will be developing an open market for the many skills we possess and at the same time we will be supplying Africa with the skills she can best use. This project will therefore be one of mutual cooperation and mutual benefit."
Malcolm X, OAAU

This international debt problem has become such a crisis that many poor countries pay more money to the World Bank and the IMF each year than they receive in loans. The World Bank's own figures indicate that the IMF extracted a net US$1 billion from Africa in 1997 and 1998 more than they loaned to the continent.
(Of the 32 countries classified as severely indebted low-income countries, 25 are in sub-Saharan Africa. For example, the country of Chad in West Africa saw its debt increase from US$330 million in 1987 to US$1 billion ten years later. Chad's debt/GDP ratio rose from 28 percent in 1987 to 55 percent in 1997.)

http://www.whirledbank.org/development/debt.html
A small amount of our trillion, spent wisely in infrastructural and educational develoment and land reclaimation and assisting nations to nationalize,
would etablish a very real and tangible Sankofa,
that would ensure a stable future for all progeny of African descent
 

Ankhur

Well-Known Member
MEMBER
Oct 4, 2009
14,325
2,954
Brooklyn
Occupation
owner of various real estate concerns
The press of the alledgedly cash strapped, economicly depleted US and EU, to colonize the entire continent of Africa becomes more evident each day, and with China sanctioning the colonization of Libya, when they could have pulled the military funding plug from the US at any time,
makes it clear and evident that a true Global,
PanAfricaims is necessary in some smal rudimentary form for the future survival of the Black race.
Without such unity, millions will suffer needlessly as individuals on both sides of the Atlantic.
What ever administration enters Washington in the next 4 years, one can be assured,
that draconian cuts will slash things we took for granted, in our communities, therefore we will have to find some way to provide our own.
As the EU economy takes a dive the IMF and World bank will use militarty force on African nations that have not nationalized their resources or formed a unified block of at least 40 nations,
to collect old debts.

El Hajj Malik Shabbaz satement was a foundation that, if followed,
it would have allwed us to bypass the rigged global depresion.
Remember!When an Oligachy falls it falls hardest on those at the bottom

"The Organization of Afro-American Unity will take measures to free our people from economic slavery. One way of accomplishing this will be to maintain a technician pool: that is, a bank of technicians. In the same manner that blood banks have been established to furnish blood to those who need it at the time it is needed, we must establish a technician bank. We must do this so that the newly independent nations of Africa can turn to us who are their Afro-American brothers for the technicians they will need now and in the future. Thereby we will be developing an open market for the many skills we possess and at the same time we will be supplying Africa with the skills she can best use. This project will therefore be one of mutual cooperation and mutual benefit."
Malcolm X, OAAU

This international debt problem has become such a crisis that many poor countries pay more money to the World Bank and the IMF each year than they receive in loans. The World Bank's own figures indicate that the IMF extracted a net US$1 billion from Africa in 1997 and 1998 more than they loaned to the continent.
(Of the 32 countries classified as severely indebted low-income countries, 25 are in sub-Saharan Africa. For example, the country of Chad in West Africa saw its debt increase from US$330 million in 1987 to US$1 billion ten years later. Chad's debt/GDP ratio rose from 28 percent in 1987 to 55 percent in 1997.)

http://www.whirledbank.org/development/debt.html
A small amount of our trillion, spent wisely in infrastructural and educational develoment and land reclaimation and assisting nations to nationalize,
would etablish a very real and tangible Sankofa,
that would ensure a stable future for all progeny of African descent

access to capital is still insufficient and investment in growth sectors is still too small for Africa to overcome some of the structural impediments that have been slowing its progress for decades. For example, the World Bank estimates the annual financing need for the construction and maintenance of crucial infrastructure in Sub-Saharan Africa to be around $93 billion. Even though there are data showing that profits on outward investment are substantially higher in Africa than in the rest of the world, over a third of this infrastructure need remains unfunded. This is also despite several promising facilitating initiatives, including home-grown ones by the AU New Partnership for Africa’s Development (NEPAD), the African Development Bank and the Investment Climate Facility. As a result, infrastructure deficits remain among the biggest obstacles to African progress.
http://allafrica.com/stories/201110310024.html
 

Ankhur

Well-Known Member
MEMBER
Oct 4, 2009
14,325
2,954
Brooklyn
Occupation
owner of various real estate concerns
The IMF and US African Command (AFRICOM) Join Hands in the Plunder of the African Continent


by Nile Bowie

28520.jpg


Global Research, January 6, 2012





Lagos Dissents Under IMF Hegemony
Nigeria: The Next Front for AFRICOM


On a recent trip to West Africa, the newly appointed managing director of the International Monetary Fund, Christine Lagarde ordered the governments of Nigeria, Guinea, Cameroon, Ghana and Chad to relinquish vital fuel subsidies. Much to the dismay of the population of these nations, the prices of fuel and transport have near tripled over night without notice, causing widespread violence on the streets of the Nigerian capital of Abuja and its economic center, Lagos. Much like the IMF induced riots in Indonesia during the 1997 Asian Financial Crisis, public discontent in Nigeria is channelled towards an incompetent and self-serving domestic elite, compliant to the interests of fraudulent foreign institutions.
Although Nigeria holds the most proven oil reserves in Africa behind Libya, it’s people are now expected to pay a fee closer to what the average American pays for the cost of fuel, an exorbitant sum in contrast to its regional neighbours. Alternatively, other oil producing nations such as Venezuela, Kuwait and Saudi Arabia offer their populations fuel for as little as $0.12 USD per gallon. While Lagos has one of Africa’s highest concentration of billionaires, the vast majority of the population struggle daily on less than $2.00 USD. Amid a staggering 47% youth unemployment rate and thousands of annual deaths related to preventable diseases, the IMF has pulled the rug out from under a nation where safe drinking water is a luxury to around 80% of it’s populace.

Although Nigeria produces 2.4 million barrels of crude oil a day intended for export use, the country struggles with generating sufficient electrical power and maintaining its infrastructure. Ironically enough, less than 6% of bank depositors own 88% of all bank deposits in Nigeria. Goldman Sachs employees line its domestic government, in addition to the former Vice President of the World Bank, Ngozi Okonjo-Iweala, who is widely considered by many to be the de facto Prime Minister. Even after decades of producing lucrative oil exports, Nigeria has failed to maintain it’s own refineries, forcing it to illogically purchase oil imports from other nations. Society at large has not benefited from Nigeria’s natural riches, so it comes as no surprise that a severe level of distrust is held towards the government, who claims the fuel subsidy needs to be lifted in order to divert funds towards improving the quality of life within the country.

Like so many other nations, Nigerian people have suffered from a systematically reduced living standard after being subjected to the IMF’s Structural Adjustment Policies (SAP). Before a loan can be taken from the World Bank or IMF, a country must first follow strict economic policies, which include currency devaluation, lifting of trade tariffs, the removal of subsidies and detrimental budget cuts to critical public sector health and education services.

SAPs encourage borrower countries to focus on the production and export of domestic commodities and resources to increase foreign exchange, which can often be subject to dramatic fluctuations in value. Without the protection of price controls and an authentic currency rate, extreme inflation and poverty subsist to the point of civil unrest, as seen in a wide array of countries around the world (usually in former colonial protectorates). The people of Nigeria have been one of the world’s most vocal against IMF-induced austerity measures, student protests have been met with heavy handed repression since 1986 and several times since then, resulting in hundreds of civilian deaths. As a testament to the success of the loan, the average laborer in Nigeria earned 35% more in the 1970’s than he would of in 2012.

Working through the direct representation of Western Financial Institutions and the IMF in Nigeria’s Government, a new IMF conditionality calls for the creation of a Sovereign Wealth Fund. Olusegun Aganga, the former Nigerian Minister of Finance commented on how the SWF was hastily pushed through and enacted prior to the countries national elections. If huge savings are amassed from oil exports and austerity measures, one cannot realistically expect that these funds will be invested towards infrastructure development based on the current track record of the Nigerian Government. Further more, it is increasingly more likely that any proceeds from a SWF would be beneficial to Western institutions and markets, which initially demanded its creation. Nigerian philanthropist Bukar Usman prophetically writes “I have genuine fears that the SWF would serve us no better than other foreign-recommended "remedies" which we had implemented to our own detriment in the past or are being pushed to implement today.”

The abrupt simultaneous removal of fuel subsidies in several West African nations is a clear indication of who is really in charge of things in post-colonial Africa. The timing of its cushion-less implementation could not be any worse, Nigeria’s president Goodluck Jonathan recently declared a state of emergency after forty people were killed in a church bombing on Christmas day, an act allegedly committed by the Islamist separatist group, Boko Haram. The group advocates dividing the predominately Muslim northern states from the Christian southern states, a similar predicament to the recent division of Sudan.
As the United States African Command (AFRICOM) begins to gain a foothold into the continent with its troops officially present in Eritrea and Uganda in an effort to maintain security and remove other theocratic religious groups such as the Lord’s Resistance Army, the sectarian violence in Nigeria provides a convenient pretext for military intervention in the continuing resource war. For further insight into this theory, it is interesting to note that United States Army War College in Carlisle, Pennsylvania conducted a series of African war game scenarios in preparation for the Pentagon’s expansion of AFRICOM under the Obama Administration.

http://globalresearch.ca/index.php?context=va&aid=28520
 

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