"Black Economy" redefined

The privileges of Israel, GOD renews His promise

They are Israelites, and to them belong the adoption, the glory, the covenants, the giving of the law, the worship, and the promises. To them belong the patriarchs, and from their race, according to the flesh, is the Christ, who is God over all, blessed forever Amen.

What did GOD give Israel? On that day the LORD made a covenant with Abram and said, "To your descendants, I give this land, from the wadi of Egypt to the great river, the Euphrates- the land of the Kenites, Kenizzites, Kadmonites, Hittites, Perizzites, Rephaites, Amorites, Canaanites, Girgashites and Jebusites, (Genesis 15:18-21).

This week we are doing a recap of all the major economic events making news in the beautiful land;

• The Financial Action Task Force (FATF), decided that the Russian Federation’s actions unacceptably run counter to the FATF’s core principles aiming to promote security, safety, and the integrity of the global financial system. Following the War-games, ‘SMOKE’ hosted by South Africa with Russia-China just ended 27/02/2023 we could agree that there is no smoke without fire.
• On the 24th of February 2023, South Africa was grey-listed sighting financial crime violations #fincrime . For a region that is currently being dealt a major economic blow due to a collapse in the energy-power generation sector, this decision by FATF will double the average expected negative impact on the SADC countries' GDPs. A study carried out by the International Monetary Fund (IMF) estimates that countries have on average experienced capital outflows equal to 7.6% of GDP after grey-listing.
• Enoch Godongwana confirmed that South Africa found itself on the grey list due to a failure to adequately investigate and prosecute money laundering and terrorist financing- In 2022 American government put sanctions on four (4) South Africans suspected to be channeling funds to the Islamic State in Mozambique and elsewhere in Africa.
• 22 Afghanistan nationals seeking asylum in South Africa have been at loggerheads with the Home Affairs department through their American legal representatives. The court judged in favor of Home affairs engaging the said 22 in their application for asylum.
• Nigeria one of Africa’s MEA with the 2nd largest economy in the land also found itself on the grey list no doubt being dealt what would be meant as a counter-productive blow following their just ended presidential election which ushered in a new president. What the enemy meant for evil, GOD always means for good. After being blacklisted in June 2006 and then in October 2013 removed from the blacklist the recent grey-listing for money laundering and terrorist financing will not have the desired effect on the country. It has helped the country look at its options.
• Nigeria gets an invitation to join the BRICS administration further empowering the entity to the detriment of the European Union (G20) and US administration. The Financial Action Task Force (FATF) played right into the hands of their biggest contender.
• CNBC reported on a US Census which showed that; Total trade in goods with Africa for the U.S. against China between the years 2000 and 2021 had set an unrecoverable gap. The year 1950 had the U.S. totaling $121 million, the Year 2000 the U.S. totaled $10.5 billion against China with $39 billion, Year 2021 the U.S. totaled $64 billion against China with $254 billion. The U.S. slept on Africa's potential because of a deeply ingrained toxic superiority complex. Now the race to try to remediate and balance the scales to try to maintain their diminishing upper hand has started to take a toll on their central bank reserves. Trying to flood Africa with the weakening/dying Greenback as startup financing is further weakening their economy and thus losing a foothold on both fronts.
• The American bank Silicon Valley Bank is in serious distress as its safety net systems of cryptocurrency and tech start-ups crumbled. No correction can be implemented at this point, the economists and executives continue to put out statements to boost confidence but the foundation has cracked already. Who is SVB? Silicon Valley Bank is a 40-year-old commercial bank that was an important lender for the tech and venture capital sector. It is estimated that half of U.S. venture-backed startups were customers of the bank.
• China says it has no intention of becoming another United states, one USA is already too much. Instead, China has employed Geostrategy to boost Geoeconomics through Multilateral Relationships and Trade opportunities. The Anglosphere 5Eyes took a snooze in a self-righteous comfort zone and caused their destruction, neocolonialism killed the 2030 hegemony dream translated as the fall of an empire.
• The African Union summit brought together the leaders of all 55 member states to discuss issues facing the beautiful land and chart a course for its future. The 36th ordinary session of the Assembly of Heads of Government of AU convened in Addis Ababa, Ethiopia. Ordinary on the books, it was extraordinary in that as themed; "The year of #AfCFTA : Acceleration of the African Continental Free Trade Area Implementation".
• The white farmers previously expelled from Zimbabwe under the land reform ACT rejected the proposed USD$ 3.5 billion compensation, they claim they are entitled to at least USD$ 10 billion.
• Detente between Saudi Arabia and Iran has the likelihood of speeding up peace talks between Riyadh and the Houthi movement. The possibility of peace in Yemen would bring greater strength to #brics .
• India and China agreed to bury differences, they said together they can counter the West. While defense exchanges between India and China remain suspended it is reported that the ruling parties of the two countries spent a day invoking historical ties and undermining commonality of interests.
• Tunisia's president is in hot soup for calling African people parasitic immigrants, in their homeland. Mali Senegal and surrounding countries have initiated the repatriation of their citizens from Tunisia.
• The Multipolar power structure continues to grow, we know for a fact that Iran, Nigeria, India, Yemen, and their friends are coming into the BRICS administration.

Conclusion

The development of the beautiful land of Africa is inevitable. An arrogant belief that certain nations are more powerful than Africa, demonstrated through unilateralism and military hegemony of any sort continues to fail and expose foundations built on injustice and inequality. The scales are tipping to balance out a system that was previously implemented to keep us in bondage and outright slavery.

And I have also heard the groaning of the children of Israel, whom the Egyptians keep in bondage; and I have remembered my covenant. Wherefore say unto the children of Israel, I am the LORD, and I will rid you out of their bondage, and I will redeem you with a stretched out arm, and with great judgments: And I will take you to me for a people, and I will be to you a GOD: and ye shall know that I am the LORD your GOD, which bringeth you out from under the burdens of the Egyptians (Exodus 6:4-7).

A humble thanks to all who subscribe to this article. Edition 21 is the last edition of this weekly article series. The next phase of this journey will surely be even more exciting and empowering to the elect. All the glory to Jehovah our Ebenezer. John 14:29 says, 'And now I have told you this before it occurs, so that when it does take place you may believe and have faith in and rely on Me.' Bless you and shalom. Yeshua reigns!