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48 sats \ 0 replies \ @Machiavelli23 10 Aug \ on: Africa Set To Test Critical-Minerals-Backed Currency econ
I would not trust any government to be honest about any reserves they claim to own. The US still has not shown proof or gold reserves or it’s Bitcoin reserves. African countries are known for the corruption in the government and volatile when it comes to the rule of law which puts these countries far from the top of the leader board when it comes to trust. This alone is enough proof that their plan will fail not to mention, as the article mentions, the low levels and poor conditions of infrastructure.
Sound like a good idea but so does the idea of world peace.