https://en.sputniknews.africa/20230619/africa-going-its-own-way-from-global-capitalist-us-empire-expert-says-1060033052.html
Africa 'Going Its Own Way' From 'Global Capitalist US Empire,' Expert Says
Africa 'Going Its Own Way' From 'Global Capitalist US Empire,' Expert Says
Sputnik Africa
Slauzi Mogami, chairwoman of the Leading Ladies of Africa and the World, recently told Sputnik Africa that the continent has begun realizing its role and... 19.06.2023, Sputnik Africa
2023-06-19T19:00+0200
2023-06-19T19:00+0200
2023-06-19T19:00+0200
opinion
united states (us)
ditching dollar
us dollar
sanctions
us sanctions
west
de-dollarization
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De-dollarization is taking place in Africa and elsewhere at a very fast pace as more countries start are to get involved, Jack Rasmus, a professor in economics and politics at St. Mary's College in California, told Sputnik.Moreover, the expert noted that in that process Africa is moving towards independency as it is "going its own way."According to the expert, the US can not revert the de-dollarization process which is currently in progress worldwide.Moreover, the professor stated that it was the US' sanctions policy that led to so many countries now being willing to run business and trade in their own currencies.
https://en.sputniknews.africa/20230615/we-are-still-colonized-cfa-franc-must-be-replaced-with-local-currency-ivorian-official-claims-1059932774.html
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united states (us), ditching dollar, us dollar, sanctions, us sanctions, west, de-dollarization
united states (us), ditching dollar, us dollar, sanctions, us sanctions, west, de-dollarization
Africa 'Going Its Own Way' From 'Global Capitalist US Empire,' Expert Says
Slauzi Mogami, chairwoman of the Leading Ladies of Africa and the World, recently told Sputnik Africa that the continent has begun realizing its role and capacities, regaining power. "It's beginning to embrace its value. Africa is beginning to realize just how important its sovereignty is and slowly taking back its power," stated the official.
De-dollarization
is taking place in Africa and elsewhere at a very fast pace as more countries start are to get involved,
Jack Rasmus, a professor in economics and politics at St. Mary's College in California, told
Sputnik."It's interesting how fast this development is occurring to move away from the dollar. It's kind of accelerating around the world. You know, [Brazilian President] Lula and the economies themselves, South America, you know, are doing the same thing. […] More countries will start using alternative international payments system to the US-dominated Swiss system. So the US global economic trading empire here is in deep doo-doo and this trend will continue," he stated.
Moreover, the expert noted that in that process Africa is moving towards independency as it is "going its own way."
"Africa, which was pretty much just a knee-jerk response to US and Europe policies, is now going its own way and saying no. So there's a lot of interest across Africa multiplying to go more independent, you know, from the global capitalist US empire," outlined Rasmus.
According to the expert, the US can not revert the de-dollarization process which is currently in progress worldwide.
"I think the train has left the station. I don't think the US can do much about it," he noted.
Moreover, the professor stated that it was the US'
sanctions policy that led to so many countries now being willing to run business and trade in their own currencies.
"You've got to remember what precipitated all of this. US sanctions did it. [...] So it's the sanctions left by the administration, history will show, shot itself in both feet with the sanctions," the expert stated.
