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Message Subject Asians, Africans, Russians, Muslims & Latin Americans Proud of Their Achievement, Ending the Western Era !
Poster Handle Anonymous Coward
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If the inputs for projects are found locally, THERE IS NO NEED TO TAKE FOREIGN LOANS says an expert, you simply print your currency and pay the suppliers of the inputs (cement, steel, manpower, ...) with that money.
 Quoting: Anonymous Coward 80900301


But you would still have to pay externally for someone to build it. Africans don't build, they destroy.
 Quoting: Anonymous Coward 16734237


Foreign currencies are necessary only if some of the inputs are not found locally, such as machinery, insurances, services like consulting, etc.
 Quoting: Anonymous Coward 80900301


I hate the currency racket too, but I'm talking about value, either perceived or real. Just because a country prints its own currency doesn't mean anyone will perceive that currency as having any value. People smart enough to design and build huge engineering projects are unlikely to accept African currencies as payment. There is simply no track record of functional African government unless they are ruled by non Africans, ie. white people.
 Quoting: Anonymous Coward 16734237


LMAO, a primitive Eurocentrism by a Neanderthal with colonial dreams.

By the way, so-called soft currencies and hard currencies are fraudulent terms, as so-called hard currencies are not any harder than the "soft currencies", eg Germany's Reichsmark, the USD, Franc, Peseta, Lira, Pound, ..., the advantage those Western currencies have or had is the reserve status, otherwise the Western countries print their currencies no slower than the issuers of soft currencies.
 
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