Moscow ‘forgives’ $23 billion of Great African ‘Cash-Cow’ Debt Scam

from thefreeonline on 29 July, 2023 Sergey Bobilev at banned Business News

note: finally found a revision copy of this banned post

The Free–If you own shares or a pension you may be partly living off African Debt. When the West pulled out of its artificial African states, colonialism continued by asset ownership and the Great Debt Scam.

1.4 billion Africans to remain as ‘Dollar Debt Cash Cow’ for West …

The US controlled financial system lent money to fragile temporary military leaders which finally led to nearly all state income going to pay the Interest on the impossible ‘National Debt’. Around the planet countries are still today nearly starving to pay the Colonial ‘CashCow’ rent.

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Russia will also allocate another $90 million for development on the continent, the president says

The Russian government has written off over $20 billion of debt historically owed by African nations, President Vladimir Putin said on Friday, speaking at a plenary session of the Russia-Africa forum in St. Petersburg. 

He also pledged to send grain free of charge to many African countries with acute food insecurity.Putin pledges grain aid to Africa

He said Moscow would also allocate more funds to help with the development of the continent.

“The total amount of debt of the African countries written off by Russia amounts to $23 billion dollars with another $90 million to be allocated for the same purposes,” Putin stated, with reference to historical trade and finance links between Moscow and Africa.

On Thursday, the president said Russia would provide hard-pressed countries on the continent with free grain. Burkina Faso, Zimbabwe, Mali, Somali, the Central African Republic, and Eritrea will each receive between 25,000 and 50,000 tons of grain, while Moscow will cover the delivery costs of the shipments. 

In March, the Russian leader highlighted the growth of mutual trade between Russia and African countries, saying it could open up additional opportunities for the process of establishing the African Continental Free Trade Area (AfCFTA)..

see also.African Dollar Debt to keep it an enslaved ‘Cash Cow’ – African leader ...

Launched in 2021, the AfCFTA is expected to become a continental market with a total GDP of more than $3 trillion, making Africa one of the leaders of the multipolar world. According to Putin, Russia is in favor of establishing ties with AfCFTA both through the Eurasian Economic Union and on a bilateral level.

EU Cash Cows – Spain , for example, could only get a new loan from Europe in the 2008 crisis by agreeing to write into The Constitution that any tax income would go first to paying off the interest and debt. Making it a permanent Cash Cow. Invest today.. Buy Spanish Debt…. etc.