so, as the wild bank, many people do not know, but what is now called the wild trades organization was also muted at that time. but of course, what we know is the general agreement on top of all got these institutions was dominated, created and still dominated by the west. and that is why they are full when the pre became an idea. and it must be said that the idea was from a conversation by another west than a goodman sucks. who came for the 1st time and talked about imagining economies, particularly the economist or need, who talked about them in brownsville, russia, india, on china between 200, the 2000, the 200112009. there are many activities with the fust imagine meeting taking place in the 2009 and of cost in the

12102011 south africa was admitted and it was no longer brief but bricks and then i was asking myself, what was the reason behind this suggestion that this should be on economic broke or couldn't economic but you know, not the brits. the reason must be understood in the context of history in the context of history to mean that many african countries a wide dominated by western institution. so that you had a government such as is a low man convention which was between the african countries on 03 and union outside of the american finish. and you add conventional side to the quarter new convention. and aside from that, we also, so that the, i am i a mess and the wog bank what very dominant in african countries. but

particularly during the 1908 is under what was then referred to as this structural adjustment. during the structural adjustment i met on the phone came to the us with the economies on what they did was to mic economic prescriptions from which african countries of nobody covered. it is when economy is which are not in the fast wired. so to speak, started to emerge as money from shutting economies. they started to a much as made j economies that it became sensible to begin to talk about these imagine economies as the account. the way the i m f under was brazil was beginning to emerge as an economy which was industrialized even mexican

jets. india was beginning to emerge as being very dominant in the wild of technology. in the wilder computing china was also imagined as the manufacturing hub or i share of cause had been, had bought because of its a military capability among other things. and also its ability to leverage on technology. so those why the not federal of stones upon which the new economic order would rest. but africa was being exploded. and because africa was being excluded the question then i rose. oh, do you involve for god when south africa, which was the dominant economy at that time? a said that they were interested in these arrangement. there was then not missed it . of course there was been the question at, at that time whether you wanted to admit to the nigeria. but nigeria, zip code of me was not as sophisticated as south africa's economy. so i'm even

talked about the admission of egypt at that time. but in those, on the days as we know, it is south africa that was admitted and we now talk of brooks. the question then is, what is the value if any of critics to the continental wasik, i hold the view that brooks provides a great opportunity for african countries to look at the front of me is from a different standpoint, many african economies are still a greater yeah, and if i'm permitted to use that word, you want to look at the economies that are going to make africa go through what i call the lot that they agreed cultural agree under pollution, the india can provide that technology. russia can provide that the closure technology through the, for the allies schemes signing up and provide that brazil can do that. if you go

into the fishing system, sign up and do that. brazil can do that. in other words, these are countries that have appropriate technology, which can be deployed in the continental wasik. if you leave, the grief caught just secretary in the energy sector. right now. if you look at a country like china, it generates more electricity than on african countries combined. we need that, that knowledge in order to improve a, the hydro electricity generation g o samo. we need to have high, we need to have solar. we need to have wind and is not lost on me. the china is indeed the home of most of these solar panels. we need that. we need also to have our infrastructure on. once again, these are countries that have the know how,

because the and the reason 1st, they have succeeded in ensuring that the economies are lifted from above. and we don't talk about this as often as we should. but in the last 2 years, china has been able to lift no less than 800000000 of the population outside of it. we also need, as i've said to got into this space of industrialization. and when you talk about industrialization is not lost on me. the right now, the russians in negotiations with the new city and for purposes of deploying min, nuclear, this knowledge, a nuclear technology, is going to be very useful when we need reliable power. they also, in negotiations all a while to get into negotiations with book enough for us to undermine for new, clear up technology. and i think that that is very significant. the russians are also going to be negotiation. i'd be able to read the stated,

instruct you to trust 5, the necessary to acknowledge the thing is uh, in the area of competency donation. we all know what happened in 1972. i remember as a young man, there was at that time the for an minute style was 4 and 63 of the united states, henry kissinger. and there was on uh a. so would the oil minister quote to ship is zaki omani. and at that time, that is when the quantum, the of the was the, was a dollar eyes on, through the door notarized, vision of the international economy. the whole idea of the pit for a girl that came about as i speak to you and not on my see does may very well be conservative, almost 80 percent 7, something between 70 to 80 percent of international trade is a i mean they that in the united states dollar, you know,

other words i'm in nairobi can. yeah. and i use a visa card or american express. it is expressed in doing that. um, you know, the words, the banking system internationally is controlled by the west. it is swift. swift may be registered in belgium, but if i'm transferring money from after i am gonna have to legacy nigeria, it must go through a corresponding bank in new york before it comes back. that is a how domain and the international money for the system is got to see of the west. and if you're not dealing with a sift, you are dealing with the i bond. and if you're not feeling the soft cuddly behind the curtains in the world, us talking donna, you are talking euro, you are talking about the styling, phone. and as somebody said,

when the american de la sneeze, this african cutting says, go into a coma. the brooks in my view, are now saying that we've got to have a payment system that is going to the dollar eyes, the economies. so the economy is on not dependent on the united states dollars. and in fact, we do know as the fact that almost anything between 40 to 50 percent of the united states dollars is suck too late. thing outside of the united states of america bricks does provide an opportunity for countries within the continent of africa to trade using the carter. this is, and i know for example that the india and india on the tons and yeah, i've already started the tried to trade in there will be, i know, exam b, i also tried to trade in the one. but the whole idea is that, you know, have

a bus get the car and says, i didn't that way with the dollar eyes though i, economies on when we did dollar eyes or economies, it means that we are going to be much more in control of law says in control of inflation and or those are the things that are necessary you for economy is our to grow for the benefit of the people. but what are the challenges going forward already? they are mary sounds, i get 30 of the i get 30 because the bricks is expanded today the bricks, countries combined have large a quantum me then western europe combined as that busy uh, the bricks economy is controlled. 36 percent of the economy and the bricks or other, the western countries control only 27 percent. and that is increase it, because many african countries are now saying we want to join and we want to john

brooks and countries such as a nigeria and others even in the, our blog joining the brits. and if the western world is not very careful, then brooks is the next big thing in town, even if it is not, it does not look like it now. but what do headwind the western world is already resisting the already saying the are going to sanction you. so is the weapon of choice is sanctions of the already going to say that we are going to impose tar, if a non targeted battery is only a goods they already go saying that we are going to ensure that we deny you access to credit through institutions such as the m f and the water bump. another thing that they are doing is that many wisdom countries are now acquiring interest in african development bunk and is not lost on me that often a jenny,

the 2nd largest shareholder in the african development bank, is the united states of america, the germans uh, the, the jump on these uh the, the british uh the, the franchise. yeah. and as i've said, that's different from the african development bunk is in danger of being an african bank by name only because it is fundamentally controlled by those shareholders. so this is going is not going to be easy. there's going to be divide and rule. and i suspect that a number of african countries are going to be don't we prepare for, give you a debt. if you don't joined the books, but i or the view when i put the scale that the breaks, if we remain faithful to reach the agenda, provide us with an concludes with an opportunity to participate in on economic order with the on the done on which they participate in from us on point of respect

and as for talk to members as opposed to institutions sides of the math on the word bunk, which was created when oswick on countries was still on the colonial. your brakes is the way to go, i hope and pray that it will succeed. difficulties will exist, but those difficulties can be constructed into opportunities. conversation around africa continues phase, but let us have a break. we see you in a short while, the

the, when i say this is, i mean the math, the world bank, the federal reserve, the dollar itself, the swift payment system. all this has become a set of full, a geopolitical instruments. but the west uses routinely and aggressively to intimidate, restrict, you know, dominate to other countries. the, [000:00:00;00] the, i, m p a to remove them, but he, uh,

power dies gardens in campbell county in the republic of kenya. we continue with our conversations about the continental vasa and today we focus on a country that has a rich history. the historians at one time verified to ha, as i be seen. yeah. but known to most of the as a field on one of which is great is claims to fame is that it is a country that was never color nice. that is not to me. the one know attempts of color nice dish. there was. and after the violin conference in 18841880 5, the pin flour that made every effort to colonize is still the was it?