So we can understand why those in Africa, who are paid with CFA for their scarce natural resource, would be angry and poor.

Russia is leveraging this anger for its benefit. Losing control in Niger is a blow to France, who rely on nuclear power. Niger is one of the largest producers of uranium, for which France trades CFA, which it creates and prints. Russia, therefore, drives inflation in France/EU and captures wealth for itself.

The Niger situation also creates momentum, emotion and power shift ahead of the BRICS summit, where there will likely be a loud, resounding (and ironic) rejection of Western fiat (and, in the words of de Gaulle, its "exorbitant privilege").

The big question is whether China and Russia can resist the temptation of soft currency.

Stay tuned.

#uranium #mandibles