US Financial Warfare And Hegemony
Financial warfare is a sophisticated form of warfare gaining popularity among imperialist nations as a means to subdue and coerce poorer nations to their exploitative will.
Growing Use Of Sanctions
It is a growing approach used by western powers because of the growing centralization of payment systems, financial institutions and financial resources in western centers.
While China believes in creating partnership, enticing African countries with access to their value priced goods, markets, loans and development projects to gain access into Africa. The West is still steeped in using force to cajole African leaders into one sided deals that Africans are beginning to walk away from.
As African leaders begin to walk away from exploitative asymmetric relationships with the west in favor of China. Western governments are desperately resorting to using their financial muscle and control accumulated through slavery and colonialism to try and influence behavior as they call it.
China Has Traded With Africa for 600yr
What the west fails to realize is Africans are not meeting the Chinese for the first time today. For over six hundred years Africans have been engaging in mutual trade with the Chinese without China ever attempting to subjugate a single African nation.
Through the old silk and sea routes, the Chinese were some of the first non-African traders that Africans encountered. Remanence of Chinese porcelain, silks and genetic bloodlines are still evident in ports of Kenya and Somalia, indicating trade and social integration of both societies way before Europeans reached the continent.
Problem Of Financial Weapons.
What makes the weapons of financial and economic warfare advantageous for western nations is they are covert, imperceptible and often times much more effective than conventional war in pressuring poor nations.
They enable aggressors to seem noble, benign and non-aggressive, yet their damage to economies, infrastructure and lives in the nations under attack is similar to a running war.
More critical is how this form of warfare destroys the social fiber, culture, morality and spirit of a people by disrupting their institutions, livelihood and ability to develop economically under conditions that deceptively appear normal.
Due to the fact that the enemy in this form of war is unseen to most. It often leaves citizens demoralized, paranoid, pessimistic and blaming each other. Resulting in internal conflict and fracture.
We saw this tactic employed subtly in South Africa, where lending institutions isolated South African SOE’s, refusing to give them loans for close to three years. This resulted in the country getting a credit downgrade, sliding into recession and Jacob Zuma being removed as President of the nation before his time.
A more aggressive form of the former has been at work against Zimbabwe for the past 18yrs, eroding her institutions, weakening her government and destroying the resolve of the people to decolonize.
Similar was employed to weaken Serbia, Iraq and Libya before conventional warfare was used to dislodge the leaders and put these nations under western hegemony.
This form of warfare is not new, it has been used since the advent of civilization and humans trading with each other. Historically nations used naval blockades, town sieges, piracy and counterfeiting to subdue others and these are more or less the same tactics being employed with modern tools.
Many historians point to the fact that Pearl Harbor was Japan’s only option to respond to the steel, fuel, oil and food embargo that the US had placed on her to choke her industry and economy.
What Must Be Done
It’s insidious, corrupt and morally bankrupt method of war as it uses inhumane warfare not regulated by the Geneva Convention. It is the kind of warfare that only previous colonialists have competitive advantage to undertake because of the unjust wealth they built off the exploitation of the same nations they employ economic warfare upon.
The question now is how can poorer nations fight such a system?
• Educate and prepare African citizens to understand financial warfare, it’s intent and impact on a nation.
• It is critical for governments to understand that in this form of warfare every citizen is targeted therefore every citizen is a combatant who should be equipped to defend the nation.
Investment Over Consumption
• African citizens must be educated to understand that consumption and consumerism is a weapon of mass economic destruction as capital flies to the treasury of the enemy instead of being employed in developing Africa.
• Africans must be trained to consume less western luxuries and to spend more on production orientated investment to boost import substitution and domestic production.
• African diaspora must save to send money as home biased investment back in Africa.
• African governments must train hackers, accountants, lawyers, researchers, marketers, scientists, teachers, project managers to go around the world to be economic spies for the nation.
• African governments must set up intelligence departments to collect economic intelligence acquired from western institutions by the network of spies.
• They must also create incentives and reward mechanisms to pay for any economic intelligence gathered overseas or in western institutions on the continent. Paying more for innovation blue prints, systems, processes, formulas and patents.
Research And Development
• African government and private partnerships must establish research and development centers to collect and study foreign products, blue prints, patents, formulas, methods, processes and systems with the intent to understand materials used, how they were built and how to reverse engineer them.
• African citizens in the diaspora must be taught to acquire blue prints, trade secrets, manuals, formulas, procedures, processes, material, skills and knowledge on western innovation and file them with government economic intelligence departments for reverse engineering and institutional knowledge creation.
• African governments must jointly nationalize and control strategic African resources, labor and markets to ensure that we build capacity, systems and institutions to create a continental cartel for these resources and markets.
• Create central continental institutions to control the marketing and sales of African resources and stop European control of African resources.
Local Production Import Substitute
• Nations must substitute overseas imports as much as possible with what they can produce locally, regionally and continentally.
• We must learn to use inferior local products as we learn foreign methods, our abilities, capacity and experience.
• African nations must depend on trading with each other more than they depend on western trade.
• Regional blocks must start uniting in regional trade, financial alignment and not allow infiltration by western capital as it causes a contagion and dependency on the western financial system.
Build An African Financial System
• Gold, platinum, tantalite, chrome, bauxite and a basket of strategic resources must be used as the foundation of African reserves and currencies with the intent to eventually build an African currency.
• All African resources and exports must be sold for resource backed Africa currencies.
• African nations must use revenues generated from their resources to create African controlled central reserve banks, banks, investment banks, development banks, insurers and investment companies backed by African currencies.
Crowd Funding/Collaborative Development
• Africans must start a development fund in which each African contributes a dollar a month. Companies can be persuaded to pay more to cover for the millions of Africans who can not make such a contribution.
• Cancel and do not renew western controlled bank licenses.
• African governments must reduce debt, donations, consumption and procurement from western centers to reduce payment flows to the west.
• Africans must be willing to do without certain licensed convenient western products (i.e. computer software, computers and FMCGs) as they foster dependency on western payment systems. We must learn to replicate them or get them from the east.
Realign To Symmetry Relationships
• Create new relationships with non-western aligned economies like China and Russia.
• Build a united African economy.
Some will say, just follow western demands to avoid warfare but the question is are we willing to be slaves or colonies again because that is their prerequisite.
Rutendo Bereza Matinyarare of Frontline Strat Marketing Consultancy.