Tag: Seigniorage

French military bases in Africa will now self-identify as schools

Tina Marie (Ms. Cat)

Emmanuel Macron wants to rebrand Paris’ presence in its former colonies as cultural and economic projects

French military bases in Africa will now self-identify as schools

Related:

Macron: ‘New era’ in economic, military strategy in Africa

Monday’s speech came at a time when France’s influence on the continent is facing its biggest challenges in decades. Growing anti-French sentiment has led to street protests in several West and North African countries.

In addition, historical economic ties that France had with the region are under pressure from the growing commercial presence of Russia, China and Turkey.

Macron acknowledged that Africa now is a “field of competition” and urged French businesses to “wake up” and get involved in the fight.

In the past year, French troops had to withdraw from Mali, which turned instead to private Russian military contractors of the Wagner group, and most recently from Burkina Faso, which also appears to increasingly look towards Moscow.

China meets American hegemony head-on

Tina Marie (Ms. Cat)

In a rare scathing essay, Beijing’s foreign ministry has blasted Washington’s continued attempts at world domination

China meets American hegemony head-on

Related:

No holds barred as China launches frontal assault on American dollar hegemony

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Millions of seniors on Social Security are at risk of losing benefits this summer if the GOP doesn’t raise the debt ceiling

Tina Marie (Ms. Cat)

Millions of seniors on Social Security are at risk of losing benefits this summer if the GOP doesn’t raise the debt ceiling

As Insider previously reported, Biden could get around Congress through a process known as minting the coin, in which Biden could deposit a $1 trillion platinum coin in the Federal Reserve thanks to a loophole in the types of coins the Treasury can mint. But Yellen has dismissed that idea on numerous occasions and remains committed to Congress lifting the debt limit once again.