Africa

As the Ebola outbreak rages, and there are projections of more than 1.4 million persons infected in the next few months, the African Union and ECOWAS has taken a back seat as the international media uses this virus to stigmatize Africa and Africans.

NATO claimed that its intervention in Libya was a historic success. But three years later, Libya is in complete chaos. Some 1700 militias have a combined total of 250,000 men under arms. Another external intervention seems necessary to stabilize the country. But the US and NATO must never be involved.

Over 65 percent of the world’s nations keep their foreign exchange reserves in the US dollar, the dominant world currency. The creation of the BRICS Bank and other financial interventions will likely weaken the dollar’s dominance and contribute to the creation a new international economic order.

Nigeria’s ‘rebased’ GDP now beats South Africa’s in theory – but how does this measure up against the country’s actual wealth?

There is enough research to show massive capital drain from Africa and that Africa is a net creditor to Europe and North America. Without an African central bank functioning under democratic control and a credible African currency, the drain of resources will continue to rob Africa the means to achieve development.

The military has for years insisted that our presence in Africa is small scale, but the numbers say otherwise.