The African Threat
AFRICA is one of the worlds BIGGEST THREATS to FINANCIAL SECURITY.
When one envisions Africa they are often riddled with images of poor, disease ridden run down villages. But look below the surface and one will see the vast amount of resources that should make it one of the most prosperous continents in the world. But through events such as neo-colonialism and modern slavery they have not been afforded this.
The idea for The Central Bank of Africa came due to Muammar Gaddafi with help from African state leaders. The idea consisted of creating a unified African currency that would be backed on the resources that lay underneath the ground. This would have been the revolutionary breakthrough that would have turned Africa from a 3rd world continent to THE leading 1st world continent. All major world players such as: America, Canada, China, and all of Europe would have gone bankrupt. Simply due to the fact that none of their money is backed, its all based on full faith and credit, essential meaning its based on nothing of actual value. Lets bring it down to a smaller scale, looking at the country of Libya, Africa’s largest oil producer. According to more than a few observers, Gaddafi planned on stopping the sell of Libyan oil in U.S. Dollars but instead demanding payment in gold-backed “Dinars”( a single African currency made from gold) which would have devastated the U.S. Dollar. Libya alone could make major moves in shaking the world’s financial hierarchy. Which is why some believe this played a part to why Gaddafi became the target for regime change, leading to his murder in 2011.
All in all Africa has so much untapped potential. When Africans as a whole continent can come together despite beliefs, who’s in power, and other factors then they will become unstoppable. They could break free of the neo-colonialism and the modern slavery they have been forced to endure. However , this threat is far away Africa does not have the motivation or driving force to allow them to become this superpower. But once they do, the perception we have on Africa will immensely change.