RAMBLE in the JUNGLE
CAMEROONS Crisis: Follow the Real Money
By Wanaku Verdzekov · · Africa & the Gulf of Guinea
Tags: cfa-franc, banque-de-france, corporations, oil
Big global corporations invest, and count on their home governments for the security of their investments. The only time any of these governments will pay attention to genocide in AMBAZONIA is if and when any of these investments are threatened, because they will certainly hear from the corporations affected by the insecurity. If there's nothing to worry about, it is business as usual.
Meanwhile, citizens of AMBAZONIA are dying prematurely in a senseless bloodbath, while individuals scamper up jungle trees with fistfuls of FCFA banknotes printed in France for Negro-Africans to play catch with. It's a "cash-flow loop": closed, but open only to a "few".
How does it work? What do you think?
- Resources mined,
- resources priced according to the stock-market price,
- resources sold (earning "foreign exchange").
Know where this "earning" goes? To the Banque de France and its affiliates? Then begins the algebra of the FCFA. How much cash can the Banque de France print for the Cameroons? Do you know? Does the cash total equal the income from "resources sold" on the world market?
PS: Does anyone remember a government-appointed manager of the Cameroons oil corporation saying in an interview that "the process of mining and selling oil and gas is too complex for citizens to understand"? So he stayed mum about what goes on in the "cash-flow loop".
How then can citizens truly and fully understand, and answer, the question: "Where does money (the FCFA, for example) come from?"
Without that knowledge, what will a citizen do if and when the French CFA printing machine stops working? Can citizens reconfigure at that point? Do you know?
Independence and self-rule are neither rocket science nor voodoo science. The thing every citizen fondles in their pocket is money. Knowing where it comes from is a good thing.
Follow the money, if you can.
Ija'iku fɨlasi!
— Wanaku Verdzekov
Reading & grammar
Reading level: Gr 9–11
Understand
- When, according to the author, do foreign governments pay attention to Ambazonia?
- Describe the "cash-flow loop" in your own words.
- Why does the author say citizens should know where money comes from?
Grammar focus: lists within a paragraph. The steps "Resources mined, resources priced, resources sold" are set out as a list. Lists break a process into steps the reader can follow.
Try it: Turn the list into one sentence using first, then and finally.
Discuss: Should governments publish full accounts of what they earn from natural resources? Argue.