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
They don't teach you this in school, even at the MBA level at elite schools. Hmm. 🤔
A critical thinker unbound by common wisdom.
After fasting, does anyone find that their brain slows down, you are calmer, and connect better with others?
Is it a surprise the Fed makes continual policy errors, when it's existence is a policy error?
The sooner Westerners abandon fiat, and store their value in scarcity (hard to produce assets), the best chance they have surviving the economic doom loop which results if other countries get there first. Otherwise, higher price inflation and economic decline are inevitable for the West, as the world increasingly rejects its fiat, demand for it decreases, and more of it is required as compensation for the value of others' time, energy, raw materials, resulting in inflation, higher interest rates, and collapse.
nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a I know how you feel. I think I am the only Uranium investor on Nostr. If you thought macro on Nostr was small, Uranium is non-existent.
I like uranium. I love macro content. I will never have an account on centralized social media.
And not sure, Lyn, why you keep trying to pigeon hole people on nostr. Your descriptions, IMO, miss the mark and distort your decision making.
I'd suggest you tell the world you are going exclusive on nostr. Like any public personality switching platforms, they will follow. You will be happier and free. The world will be a better place.
