Why do we need ALUSIUWA?
According to the world bank "Money performs three distinct functions, as a medium of exchange, a unit of account, and a store of value."
As a medium of exchange the current global currency regime ads unnecessary friction. A a unit of account it forces upon us a monetary "foreign" language. As a store of value it forces us to domicile the fruits of our labour, both personal, corporate and national, in foreign abodes achieving self deprecating hedges.
Furthermore the IMF fails to identify the other roles of money as a means of Identity, Liberty/National Security, Development and the main thing for which currency should exists - the "Valuation of Trade".
This currency preferences itself as the most stable method of accounting for value in African and in relation to Africa.
Medium of Exchange
As a medium of exchange the current global currency regime has failed us by introducing additional friction instead of lubrication to trade between African countries with their brothers and in instances fostering an exportation of capital, not for any goods or service but to merely acquire foreign currency in order to then trade with another brother African nation - yes in many regards this is self-enforced by African Central Banks and Governments Policies, however the inherent designs that foster these trends are an organic consequence of the foundation architectures from direct Colonial rule, the Bretton Woods System and Modern Western Imperialism.
By default human beings go for the easiest solution and so a system that is already in place stands a great chance of continuation and further development, not as a result of its efficacy but rather access and muscle memory.
Unit of Account
As a unit of account, the model also fails because much like 99% of Africans are unable to quantify the value of their economic activities in the language of their birth due to a lack of local development of native languages in mathematics, the same applies to accounting in local currency. The global standard in all units of measure has forced the conceptualization of advanced knowledge in English, French, German etc., and in the process destroyed the development of basic interpretations of quantity, quality, products and services and their inherent economic values in our native languages and currencies. Meaning that when developing long term plans, local sources does not form a sufficient base for big business approximations.
Note that from day one colonialism forced Africans to learn and execute corporate transactions in English, French and German etc. Our concepts of value of even local trade takes its evaluation of value from 3rd party (extra-continental) currencies, leaving the psychological evaluations of value inflated in refection of global currencies with our real estate, vehicles, investments and market projections guided by a "dollarized" thinking of wealth and asset analysis which directly affects any positive valuation of anything local or that which makes its earnings in local currency.
In effect as we do not calculate in Igbo, wealth is not associated with a knowledge of the Igbo language (and vice versa for all other African languages), equally as we do not associate wealth with Naira, efforts are not made to develop large scale investments in businesses which are not export oriented or yield these aforementioned foreign currencies. This leads to a psycological misplacement of market logic, as we cannot quantify in mass, the value of 100% local enterprise and aim from inception of market activities whose growth and scale we can quantify in "Dollar".
This inability to "value in local currency", inadvertently devalues it by leaving it stripped of the best and most learned entreprenuers. Enterprises like Minerals and Oil exports take greater attention than Cattle, Education and even local Manufacturing which are Naira earners (and vice versa for all other African currencies).
In essence a gap in thinking allows the perpetuation of a dependency on the foriegn, starting with what we even dare to think of, and founded on the very language in which we think about money - a global language that doesn't recognize our local currencies.
Storage of Value.
The worst is in our storage of value, because here the enslavement truly becomes more than servitude and closer to suicide.
For example when an African nation makes $20 billion from selling the natural resources of its nation, it keeps this money in Dollars stored at J.P Morgan Chase in New York, U.S.A, as opposed to converting it to useful investments in Africa which can produce the very trade balances that appreciate a currency. In the end the currency earns the ridiculously low interests of these quasi developed economies while the mere inflation in its country devalues all the gains because what ever hedge the currency holdings maintain for the Central Bank of African Nations, it cannot compensate for the outrageous impoverishment that occurs for the entire holdings, of the entire population of its country when its currency devalues by 100%.
For example in 2013 Alhaji Aliko Dangote was worth $25 billion, however by 2023 he was worth a mere $17.8 billion. It may shock you to know that Alhaji Aliko Dangote's businesses did not fail in this 10-year period. Rather, by all indices the value of his holdings grew. In revenue, in manpower, in assets owned and debts offset, Dangote's enterprises grew, he even set up a single $20billion investment in that time span.
Alhaji's only crime was that he is a Nigerian and the value of the currency went from about an average of ₦165 to $1 to a ridiculous average of ₦800 to $1 by September 2023 (using the effective - real market average).
In fact if Forbes used the effective real-market rate, Dangote's NetWorth would sit around $12 billion. Anyone who thinks this makes sense is more colonized now than our ancestors were in 1957.
Other Gaps.
The IMF also failes to mention the many other ways in which currency affects Identity, Liberty and National Security, Development and the main thing for which it is created the "Valuation of Trade".
These gross imbalances must be re-written and we very well cannot do that by inviting the very institutions that perpetuate our colonization to help in the re-model, a key reason why ALUSIUWA must function Autonomously, as a Sovereign.
ALUSIUWA do not want to play politics but rather to present a pure economic solution to Africa's biggest economic challenge. As such the option of speculative virtual coins and blockchain like Bitcoin is not an option. The re-hedging to Yuan or Ruble is not an option. The only option is for Africa to have a stable home-grown currency that sits at parallel, as an equal to whatever currencies emerge as the leading currencies of trade at the end of the modern cold way and its potential world war.
ALUSIUWA will be that alternative, precisely because it is independent of the bureaucracy of post-colonial Africa architectures and goes full blast for revolution as if this was 1945 and Africa finally had a seat at the table to negotiate a new Brenton Woods Agreement for the next Century.
In its Sovereign decision making the model for ALUSIUWA calls for equal representation for All African Nations by using a model that distributes authorities, jurisdiction, voting power and executive appointments in line with a mathematically judgment of equity along the lines of population, land mass, economic contributions of each nation and the will of all the peoples of Africa.
This currency preferences itself as the cheapest method of exchange for goods and services in Africa and with Africa. It also preferences itself as the most stable method of accounting for value in African and in relation to Africa. It finally preferences itself as the most associated store of value for Africa, domiciling 100% of the assets that underpin its foreign reserve capacity in Africa and consequently ensuring that even in passing these assets add value to African trade and development, allowing the African a means of global value storage that retains its value without inversely undermining the very value of the societies and people who are using it for their economic defense.
Means of Identity
The IMF fails to state or does not wish to state that currency is a means of identity. In its prevailing character as a national asset it asserts very clearly the position of a nation and its people in the world order, following in consistent succession Genghis Khan and the Mongols, The Roman Empire, The British Empire and now clearly the American Empire if it stands. If not it will follow the Multi Polar world of the Ruble, Yuan, Dollar, Bit or Some other Coin and even if it comes at the risk of death or a lifetime in a pine box sized cage, this African insists to add - and the ALUSIUWA.
The essentiality of this addition is as simple as the need to restore history in our schools, to promote and develop tribal languages, morals and culture, to evict foreign gods, most especially the god of foreign coins and to begin to think of ourselves as residents of a common neighbourhood, who must first guard their homes by ensuring the safety of their neighbourhood.
The essentially is akin to language, tribe, culture, religion and history because coin has become a god in the land of men, the god of "trade" and as in all other things post colonization, we have allowed ours to be carved abroad, and far from being our god, it is not even carved in resemblance of our image and it only reflects in the shine it extracts from the treasures that sustain its luster (treasures mined from our lands), their view of us, servants not, less, tools, mere tools to be adapted into the mining of the very ores of which we were made, such that it, our very selves can be packaged in a package of foreign language and sold to us at a rate the so belittles our servitude that we even fall into debt to buy an extract of the dilution of the very things that we own in whole.
One of the reasons why Western Trained African Economist fail in Africa, is the Absence of common sense in their training. Economic models cannot fit on Africa because by intention Africa is a flawed design, architecturally tailored to "rip" every time a nation's leader throttles good ideas.
Our continent is tailor made with artificial contentions that keep it in a perpetual state of disarray, one of which is the fact that Africa has 55 Political Nation States and 41 currencies. Many of the Nations are smaller than the smallest State in the United States of America and combined the G.D.P of all is less than the output "each" of the following, the top 2 American Corporations, the Top 3 American States, the economics of the minuscule (in population and land mass) top 3 Nations of Western Europe. In essence there is no way for any of these currencies to withstand any speculative pressure from any of these nations and even its corporations and people.
Because currency is a means of identity, the ability of the hegemons to fragment Africa, allows them to plunder us, in the same format of colonization, dividing and conquering our economics at their convenience, by mere means of strategic speculation on our currencies including via "dollarized" loan payments by our banks, corporations and economies to foreign banks, while our Central Banks stock up on foreign reserves in "dollar" that do absolutely nothing for the day to day development of our nations.
Liberty and National Security!
The IMF also fails to state or intentionally avoid stating that currency is also a measure of liberty and a threat to national security, for the man who trades across the world in the currency of others builds his world dreaming of values that are not valuable to himself and at risk of falling off the economic ladder at any point that his benefactor modifies his polices.
While the American businessman plots business in line with the total intake possibilities and a general interest in the field of work, the African starts his concepts by studying global trends that do not factor him as part-of the globe. I describe it as akin to a child who gets his value among friends by wearing name brand clothing, in the end he fails to develop himself because himself is not perceived as value. While others fight to be athletes and learn languages, music, arts and engineering, he finds any easy trade that will give him the economic muscle to maintain a branded life. Such a child may very well succeed, but those driven by opportunity are never free because the changing world will continue to change them at its whims, while those who build themselves as the value will find relevance no matter the winds, the world will bend to access the value they hold. The African builds businesses for the world and his world and organic interests suffers. He wears entrepreneurial ideas like name brand clothing, buying not what he wants, but what others desire to see on him.
For example, as a continent we farm in large percentage items like Cocoa, Coffee, Teas, Sesame Seeds etc, much of which are not our true staple foods and much of which are not farmed in our variety of preference but rather branded farming, chasing foreign coins. In the process the local market of food still imports food, because we eat what they brand and farm what they brand. In our production we farm their needs as defined by them for us and yet again in our consumption we buy what they farm as essential, in furtherance of their miseducation of us and coercion to live our lives as defined by them.
To make matters worse, we cede liberty with the consequent delegation of fiscal policy and regulatory frameworks to their capital. And as a result, sublet our national security, loosing even economic opportunities to the threat and or execution of sanctions, where by they viciously dictate who we can and cannot do business with, eliminating at whim, Iran, Syria, Cuba, North Korea, Russia and much of Chinese Technology by arbitrage of currency sanctions.
Worse a dependency on their currency means that we must hand on every word and declaration from their Treasuries and Central Banks, guiding our economic policies in violent and self-harming reactions to their economic decisions. In essence they can even harm us intentionally by taking decisions which have no value for their markets but represent adverse competition with our economies, much like the rampant printing of Euro's and Dollars which are then used to acquire real resources from us, for their economies, subsize their industries to out compete ours and even lend aid to groups within our nations that undermine our independence and economic development.
Are we mad?
To gain true liberty, we need a coin that is ours, which can be freely exchanged for goods and services across the world and which has the ability to bypass and even summarily ignore any 3rd party machinations that we do not freely and wholly accept as germane to an international order in which our substantive needs and desires are equally protected.
Currency is about liberty, because even the means of transactions via SWIFT Messaging or the emergent trends like Bitcoin, have no dependencies on African networks and operators, yet we depend on them, meaning that in the event of war or even strong armed negotiations the West can simply discount us from the ability to transaction with the world, it can seize the operations of "our" or shall I say their Visa, American Express and even more perfectly named "Mastercard".
These are not theories, it just happened to Russia, the mighty Kingdom of Russia. And if any brother Africans consider this comparison out of place recognizing that Africans cannot even contemplate a conflict with the West, I pose a question to my brother, what kind of freedom does not allow the bearer, the right to disagree?
Defined in our inability to contemplate a direct collision with the West is the clearest measure of our liberty. At a whim, we can be shut down. An insult for the greatest Kingdom in the world, the United Kingdoms of Africa, the Cradle of Civilization, the most Minerally endowed lands in the world. The foundation of world history in all areas of human development. These lands of our ancestors, more than 60 years after colonization cannot take a stand in the U.N Security Council, Set Fiscal Terms for the I.M.F and insist on frameworks for the W.T.O, slavery not?
When our ancestors like Azikiwe, Nkrumah, Mandela and even those who went rouge with power, names I will not mention in honour of the memory of their initial work in freeing the African and in recognition of the fact that a great portion of their failures came as a result of these extra-territorial sanctions earlier mentioned, names like Mugabe who by the permission of Robert in his identity, already defined himself into a quagmire. When our ancestors fought for freedom, they couldn't have meant this.
However, it is also important to understand that they had their fight, and this is ours.
At that time they fought against a regime that was clearly in charge, in mind, body and spirit. We should take every advantage of the current state of play of global affairs to inflict an incision on the umbilical cord of currency, such that we are either allowed to be severed from western control or we infect them with sepsis at a time when their world is in need of rest.
We have merely been given lands by our masters to manage, since they dictate the crops, set the prices and even when they "allow" us to sell to others they insist that we bill them in the coin of our masters and when they pay that we exchange our goods to restore the coin to our own means of trade - slavery much?
In essence currency in direct inference is a means of world domination because wherefore all world trade is conducted in 5 major currencies, namely and in corresponding order, U.S Dollar, Euro, Pound, Yen, Yuan, and whereby the entire rest of the world's cross-border transactions in "all" other currency account for less than 8% of all transactions, it makes currency a financial U.N Permanent Members of the Security Council, or in definition a tool of Superpowers, an Economic Nuclear Bomb, a Space race and as I intend to ensure that Africa has a seat at all of the aforementioned (in so far as they remain relevant positions in the world's design), it must also have a currency in the mix, who it will unseat is irrelevant, unless the current holders are at least sensible enough to allow us another seat.
In fairness there are 7 continents in the world, 6 prominent in the nexus of land mass and population, with Africa as the 2nd largest continent, so the existence of an African seat on the map of global finance is natural, as we house in our analysis at least 20% of the world in either measure (landmass and population).
The development of an African currency is a given, what is now an open topic is who in the current world order will be our partners in this great opportunity. Who will be wise enough to see that this will happen and it's impact on the world order will be cosmic because on the very day that Africa stands on its feet to take its rightful place in the world and execute trade on equal term, the balance of the world will tilt in the direction of equity and its victims will be our masters.
This is no threat, but a statement of implications to allow everyone working for ALUSIUWA to understand the threats we will face due to the drastic implications of our work.
Valuation of Trade!
In the mining of resources from our lands, they do not account for our labour but their speculation in arriving at the price for our goods, making for example Crude Oil, a finite, defined good to fluctuate from $50 - $120 with no correlation to actual costs of production. There is no supply and demand logic of economics that can justify this cruel arbitrage. Were crude a strictly western product it would never suffer such wide band fluctuations. No supply and demand curve has ever done same to Cars, or Mobile Phones or University tuitions and even the raw mineral found more exclusively in their command like Alumium.
In the ill formatted 4 walls that we send our best to for an education in futility that does not allow a common sense understanding that the theories they produce, for reasons of architecture and intent, do not apply to Africa, they continue to argue that our de-valuation is scientific.
Evidence of this senselessness is the advocacy for Bitcoin and other Crypto currency, Note that these are assets that are generated (not by any human or material labour) merely by computer computations an arena where we have near zero participation and which yields itself to nations with supercomputers and a nuclear power grid, are we not mad? Another round of slavery not?
Currency is a means of trade, whereby the means of conveyance becomes a hindrance in transaction, a point of disparity and a yield of interests, it is no longer an effective and free means and must be replaced to secure the "value" of goods and services and the liberty of the producer.
Imagine currency in barter form, whereby a piece of Yam exchanges for a Pot of Soup. Now imagine that our Yam exchange for a spoon of soup instead, making our labour a fraction of their same 24 hours in the same space of time. The nuisance of this logic is quite unparalleled in modern affairs and if you can explain this away with balance of trade, or variations of product then you have been bought with their education to sell your brothers for much less than a lifetime is worth in this timeline.
From its origins as barter trade to its inception in paper form (arguably by Ghenghis Khan) till date currency means nothing but "a means of exchange". whereby product value is held in representation. This is simple sense stipulates that a weak currency will mean weak capacity to trade, a devaluation of labour and productivity and in the end that what we make means less to the world.
Currency and Development!
The IMF also fails to mention that currency is a component of development. Whereby currency remains mainly dormant, that is to say that on a given day 80% of all currency issued is sitting in Banks and Vaults and Wallets, it means that funding capacity is at 80% give or take any thresholds for surges in withdrawal. This dormant value is what I consider a "component of development".
Let's returns to the barter logic for a moment. Par say, we produce 100 Yams on a Farming Season and we store 80 and sell 20 selling the rest in increments as need emerges, in the end we will receive the yield on 100 yams. However, if our neighbour sells his 20 yams, then lends his 80 yams to a Corn Seller to farm Corn, at the end he will get the yield on 100 yams plus the profits shared from its equivalent in corn farming.
In modern terms, we Africans sit our reserves in Foreign currency, reserves which they bond and sell to our sister States, Corporations and Citizens and lend to our enterprises to remit returns to their financial system. We secure our harvest of Yams by gifting them a free harvest of Corn. How then can they not be ahead of us.
Currency is a driver of labour, because when in motion it fosters economic activities that assure year round commercial engagements and in effect stymie unemployment. The availability of capital allows exploits in imagination to attract it, implement developments and return it to base.
From our Yams, the economic engines of the world throttle along while ours ceases to run for lack of the basic grease of economic mobility that is capital.
This is the first instance, the 2nd being that this decrease in productivity becomes a self enforcing cycle because with each harvest the value of our Yams begin to diminish in value in comparison to our colonizers, fostering lower yeilds from the same labour and from fields that produce record harvests. In such toil, the youth are disenchanted as their labour at home, yeilds less than it is worth to labour abroad.
This cycle is reflected even within our communities as the rural dwellers suffer at the hands of computer operators and much of the productions of their lands are speculated into worthlessness and in the end the youth depart and our villages become desolate spaces, affecting the net productivity of the state.
In that same guise no amount of remittance from the African diaspora can match the waste from their departure and the self enforcing cycle of devaluation that it ensures.
In the 3rd instance and very evident in Africa, our Yams loose their value as a store of wealth and development suffers because neighbours no longer buy our yams beyond the one for meals and consequently our farming habits will be forced to adjust in order to produce what the market can buy. In a self reinforcing cycle of self destruction, the lack of weight by our currency fosters a run on our current production and gradually we continue to decrease productivity until we are merely subsistence farmers in all areas of economic activity.
Because currency is merely "a tool of exchange" our inability to sustain a favourable means of exchange makes our market unattractive even our neighbourhood. Like is rampant in rural communities, neighbour nations will pass through our borders with their goods and send out Cross-Atlantic cargos of the very things we need to survive, because indeed and by virtue of all the aforementioned reasons the coins of distant lands mean more.
In the end these perpetuate a cycle of market displacement that reinforces the very displacements that caused them.
As a "Component of Development" ALUSIUWA will allow for a balance of trade by revaluating the exchange value of Africa's productions, redirecting trade and encouraging adequate production growth in relation to a world of value measured in an equal exchange in Energy and not fiat speculation.
This is a key reason why our design insists on African reserve holdings. By holding our reserves in Raw Assets and African Cash equivalents, the majority of ALUSIUWA's reserves becomes an engine of growth and development that allows for continous trade and economic stimulus.
Good Guys Finish Last!
GOOD GUYS FINISH LAST The notion that "good guys finish last" is a self-enforcing falsehood generated by bad men to justify their illicit machinations of affairs. In finance this leads to violent speculations on the lives and affairs of men, fiat financial regimes and manipulations of the definition of value that leave the producers worse for wear, while keyboard warriors win the gold, acquiring from nothing more than speculative leverage.
Due to the falsehood of "good guys finish last" , even good men with good intentions participate in these speculations, hoping to acquire wealth with which to save the world, in the end the damage they help reinforce proves too much to remedy. A further falsehood is the fear of supremacy in physical "military" might, economic prowess and innovative competitiveness of the colonial powers. The fear of their retribution being the beginning of wisdom, most of our most genius brothers never even attempt at freedom.
At ALUSIUWA we will run a parallel regime to the world of speculation and boldly encounter the might of the colonizers.
This is because in reference to the falsehood that "good guys finish last", we know that excellence has no competition and in creating a currency that provides excellent solutions to the needs of man in the exchange and holding of assets, we aim for productive capacity. Our approach will create a self-fulfilling prophesy from which speculators will run, because keyboard strokes alone can never compete with the combination of equal strokes and a physical foot in the market. Additionally leverage alone can never compete with the combination of leverage and substantive real contributions to exchange and productivity. In the end intelligent speculators will study our positions in order to know where to avoid and the ones who refuse to learn will watch us eat their lunch.
As it relates to the colonial powers. Our survival will be decided by God, these lands and its people. As a result our service must be pure and pointed to the 3 aforementioned masters, with no regard, I repeat no regard for the machinations of the colonial powers.
To attend to them is to lend them powers which they do not have and to allow them adverse influence over our decision making.
Where we can find defenses we should enable them and where need be, we must have offence capacity. However, and even at points of clear weakness we will never compromise in our vision, never change the context and meaning of documents to sound anything other than their exact intent and never pretend to be friends.
These are essential to ensuring that we are always aware of the state of affairs and that we are building with righteous courage, forming our alliances with our Gods, these Lands and Its people - dependent on them for our very existence, relevance and success.
This synergy of existence will make our work much more relevant to need and much more potent in competition.
To compete, our adversaries will need to fake a very helpful option for the African people, allowing that to succeed in beating us, they would have to build a better world for our people.
More than death, all members of the ALUSIUWA family should fear, failing to live as we well know that we ought to.
The Opportunity!
These adverse implications also represent opportunities for everyone as follows;
For the Western World: Organizations, Nations and Individuals who partner with Africa in its development, both of this currency and all the economic opportunities its holdings will create, stand to benefit from what amounts to a new scramble for Africa in which "good" men, nations anf enterprises can be ceded fair access to our markets and compensation for "value" added. These pioneers will gain frontier access to our resources, people and development to eat of the "gains" or peaceful participation (as opposed to the spoils of colonization) and to be friends of Africa. Proud partners who earn a hefty but just reward.
For the Re-Emerging World: If truly the likes of Russia, China, The United Arab Emirates etc, are interested in a multi-polar world, they can join us. Their people, enterprises and nations are welcome to join us in brotherhood to develop our lands, people and opportunities with the help of ALUSIUWA and its asset holdings. In the end they will more easily achieve a balanced an multi-polar world with thr advent of a new Africa and we will more gladly and joyously share the feast of brothethood with them, having been assited in our liberation by people other than our captors, a more rewarding celebration than the other.
For Africa: Africans who see the weight of opportunity are the best partners. We are willing to partner with the African Union, individual nations, Central Banks, EXIM Banks, Enterprises of all scale, Research Institutions and Creatives to ensure a currency that suites and serves us. In the end the share of success will be more joyously distributed, knowing fully well that the gains will stay at home, especially considering that in that future we will finally have an African store of wealth that allows that even the yield is stored in our barns.
For ALUSIUWA as a Sovereign Entity: We who formulate this currency will wait for no man in ensuring its development. No excuse whatsoever will be acceptable to failing our people by teasing them with stories of a better day and failing to get them to the promised land. All internal players must bet a lifetime on this - rest assured that the gains will be perpetual for any seeds of the developers of this currency, allowing them a righteous, hereditary participation in the gains of freedom.
In all of this control will always rest with our Supreme and Sovereign Leadership structure which is designed to remain from start to finish an evenly distributed African event, featuring representation for all lands and peoples of Africa and evolving of a defined 35 year period into an organically African system of Governance that lends no consideration any models existing in the world today.
This is what must happen for Africa to birth its coin, printed in the image of the gods of Africa, to serve its need and stand in the world will all the ALUSIs of Wealth the world over. That we may no longer serve foreign gods
Summary!
It is clear that no volume of trade deficit justifies the performance of African currencies, however a closer look at capital flight, foreign saving, foreign investment and the domicile of the official national wealth, reserves and sovereign investments in Western capitals dutifully surmise the inability of the African currencies to survive any decade without a 100% depreciation.
Trade which is what currency underpins, is the life blood of the human existence. It allows that by functioning in ones own excellence in any field of life, one can earn enough to exchange for all other basic effects of life.
Yet, no amount of excellence by a Nigeria Hotel waiter can allow her a reasonable life in comparison to her American counter part. This is inspite of the fact that She likely works more hours (12hours a day vs 8 hours), in poorer working condition and offering a much wider scope of service. This drastic and material disparity makes the world a terrible place to live, for our people. Imagine a world in which those who do more have less.
Ofcourse economic variances are natural occationed by factors such as supply and demand which is why a Waiter in the U.S state of New York, makes more than a Waiter in Montana, but in these instances other variables like cost of living variations make the difference relatively indifferent to quality of life as it related to basic needs.
As such the disparities in relations to the "Productive World" cannot be excused by education, location or industrialization, for if the African did not sell his oil, he would have access to waters filled with fish as such that the people in the riverine areas can have full nutrition. Today they trade crude and still cannot live full lives.
Modernization and Technical development cannot explain the disparity because if our farms where not ceeded to coal mines and our forests not exported for British Dinner Tables, the people however ancient, timid and local, will live full lives on a full stomach, like they used to before they were "discovered" by the Europeans.
Trade is how people make their way in the world without having to be anything more or less than themselves, trading their value as human beings for everything else that is required to live. Currency underpins this and all Across Africa ours has been undermined to yield pain where we labour, loses from our toil and hunger from our soil. A life in which we fish and they eat the best of it in backyards with swimming pools and we reside by cess pits and oil spills to eat frozen fish, caught by trawlers in our waters.
The disparity of the world seen as a matter of the rich and poor, fails to guage the impact of the scramble for Africa, the consequent colonization and its destruction of our leadership institutions and the advantages taken during their exit by the colonial masters to program a self defeating structure for Africa that perpetuates their dominance intuitively.
ALUSIUWA represents a clear solution that fosters both Intra-Africa trade and global trade in ground which we control and in a design whose architecture is tuned for organic, self perpetuation of Accountability, Trade, Value, Liberty and Development.
ALUSIUWA must succeed because the very restoration of our place in the global order requires 3 things, Economic Independence and Progress, Social Independence and Progress and Leadership Independence and Progress. For the economic aspect, fiscal policy alignment, sanctions insulation, trade stimulation, developmental investments, capital repatriation and domicile and a host of issues highlighted all through this document represent the battle ground all of which ALUSIUWA by design, aligns.
Currency by design has no room for scarcity driven deficiencies as in its natural form it is only a measure of the value of labour and production and should circulate in direct volume and correlation to the 2. As a means of trade it should have no arbitrarily values and should sit in service to trade and correlate perfectly with exchange of values and not in the very fiats of trade itself. In its current form it is a form of global extortion and ALUSIUWA will not yield to such an approach but will deliver itself as an unlimited means of exchange that works to ease the transaction, aiding exchange and adding not mitigations to a fair computation of trade.
In addition, the notion that currency should be a National idea is in itself a design flaw that perpetuates these injustices and imbalances. Currency as a means of exchange should be universal, quantified by values which have equal reflection and status in all domains in which it is used to "reflex" value. ALUSIUWA will achieve this by pegging itself to a global mix of goods and services, adopting a pricing model that is directly reflective of real world assets and without the slightest bit of arbitrage.
The butter cup concept of currency value reflectivity with trade balance is not an economic fact but a placebo to infuse common sense into nonsensical reasoning. By plain measure, the United State of America has drastic trade imbalances and survives on debt, yet its currency valuation is unaffected.
Where are the economic numbers that show a 100% precipitation in manufacturing, export trade, or an appreciation of 100% in purchases and import trade in Africa in any of the decades post independence.
Nothing about us died of with the exit of the West in physical domination of Africa, however, by design they yielded our economic model to their systematic control, dictating the design for capital markets, fiscal policy, foreign reserves, printing and minting, cross border reserve currencies inline with their interests. Furthermore trading in our very sweet in Commodities on virtual exchanges and setting the value of the foundation resources of global development, which we own a fair share of, at a price below the extractions they make from then, pricing both in Dollar, wherefore every sale we make gives the impression of value, until they dilute and and return the fraction to us at a rate that places us in deficit.
I applaud them but just so they know that, I know, what they know. I applaud them I put on my shield and helmet and jump in the ring, knowing fully well that no matter my performance, the only way I get a win on the score cards, is if I put our masters on the canvas in a manner that does not allow an 8 count.
ALUSIUWA is that knockout punch.
When ALUSIUWA is the African reserve currency it solved the problem of identity, storage is value, in a manner that redefines African economics to fall in line with certified theories. Just its commitment to housing its reserves and asset backing in Africa sustains a no-run status that domiciles a high volume of inherent recapitalization in Africa.
The game is rigged, and they don't teach that in school. And while currency is a means of identity the African needs a continental identity that can defend itself against the architectures of global hegemony. This is not a game of fair play but ALUSIUWA we make it even.
ALUSIUWA was designed for all of us to transact our dreams and share in the common wealth of nations, our deserved seat in the Kingdom of men, not as the backward continent they have fabricated but the integral civilization founded by our ancestors now restored by their children in a modern expression that takes all the lessons from the technical advancements of our captors, including in the design of this financial instrument, while retaining the communal principles of our ancestors, which preference the success of all over any individual ambitions.
In line with the motto and guiding principles
of ALUSIUWA - A fellowship of
Righteousness and Brotherhood.
Ka Osi Ta Di Nma!
King Ifeanyichiukwu Oruruo
Sunday, September, 24th, 2023 - {Ubochi Nkwo}