The deterioration of the terms of trade.

The "Deterioration of Terms of Trade": A Brazen Act of Economic Plunder.

Let us revisit the insidious phenomenon known as the "deterioration of terms of trade"—a euphemism for what amounts to "daylight robbery" in global economics.  

Consider the case of Côte d’Ivoire. In the 1970s, this small West African nation (322,462 km²) emerged as the world’s leading producer of coffee and cocoa, an achievement hailed as the "Ivorian Miracle." Through a well-executed agrarian policy centered on coffee and cocoa cultivation, the country amassed a $10 billion trade surplus within just 15 years of independence (1960).  

By then, Côte d’Ivoire boasted:  
- A modern road network,  
- Hydroelectric dams (ensuring energy self-sufficiency), 
- Four airports,
-Two major seaports,  
- A railway network, 
- Food sovereignty,  
- A nationwide network of hospitals (CHU/CHR),  
- Polytechnic and administrative schools,  
- A Manhattan-esque business district in Abidjan 
- A dedicated agricultural bank. 

Yet, this success story was an affront to the colonial order. France, which had discovered oil in Côte d’Ivoire in 1956, never integrated these revenues into the Ivorian budget—because the oil (and even the diamonds) belonged to France. Then, suddenly, global prices for coffee and cocoa—commodities in high demand—plummeted inexplicably. Western economists, ever adept at masking exploitation, christened this engineered collapse the "deterioration of terms of trade."  
This is how the global financial system crushes economies that defy its dictates. Zimbabwe faced brutal sanctions, openly strangling its economy. Côte d’Ivoire, however, was subverted through economic sabotage. After 1980, its surpluses vanished, forcing it into debt bondage under Bretton Woods institutions.  

A Tale of Two Responses
- Zimbabwe should have followed Iran and Russia’s example—rejecting Western financial institutions rather than borrowing from the African Development Bank (AfDB).  
- Côte d’Ivoire, under its IMF-anointed president, has accumulated $70 billion in debt in just 15 years.  

The Latest Facade of Exploitation: The DOGE Paradox.
Even the billionaire backers of Donald Trump’s "MAGA" movement—including Elon Musk, the world’s richest man—are not immune. Their billions in losses due to DOGE implementation, an "application" exposing government corruption and inefficiency, reveal another layer of this economic warfare. How is it that those who bankrolled the most powerful man on Earth suddenly face financial ruin? Simple: when you challenge the architects of the global financial system, they retaliate. 
In conclusion: A System Designed to Enslave.

Spare us the hollow revolutions that beg the very system they claim to oppose for development loans. This system was never meant to uplift you—it exists to control you.  

If you refuse to comply, you will be strangled economically. If you seek true sovereignty, find alternatives outside this rigged game. Otherwise, submit and drown in debt—just as Alassane Ouattara, our IMF-managed president, has done. 



Marius Yusuf M. C. Oula

Comments

Post a Comment

Popular posts from this blog

Les Olympiques des OGM.

Image
Nous sommes arrivés au moment fatidique où l’humanité, toutes nations confondues se réunit pour célébrer les jeux olympiques de Paris 2024, dont la cérémonie d'ouverture a été fort belle et à l'image de ce qu'ils ont décidé de ce que sera notre futur monde, une société OGM (Organisme Génétiquement Modifié). L'homme moderne a décidé de manifester sa divinité par sa capacité de création du fait de son intellect supérieur aux autres espèces vivantes, n'avons nous pas été créés a son image et a sa ressemblance comme le dit les écritures?  L'être humain a donc bâti le monde dans lequel il espère s'épanouir et perpetuer son espèce. Après s'être soumis à la nature, il l'a conquise et a ensuite établi ses propres règles d'existence devenant ainsi le dieu qu'il a toujours été depuis son apparition sur terre. Nous avons donc décidé de tout modifier selon notre guise pour repondre a nos aspirations qui ne sont toujours pas en harmonie avec les lois na...
Read more

If they can, we can.

"This video (link below) of Jack Ma presenting Alibaba’s vision to his peers is profoundly inspiring: 'Aim for the stars, and you may reach the heavens.'" Jack Ma's pitching Alibaba to his friends Adopt a global perspective for your enterprise and prepare for inevitable success—not merely to dominate domestically, but to compete with the world’s finest. Consider Naspers, a South African company that achieved precisely this.   Yet most of Africa’s so-called "tech tycoons" operate as mere intermediaries, distributing Western multinationals’ products across the continent. While lucrative for them, this model perpetuates Africa’s technological subjugation. The notion of "technology transfer" is illusory, for true innovation establishes supremacy—and entrenches dependence.   Everything begins with imagination, which crystallizes into ideas and, through sustained action, materializes into reality. After all, Rome was not built in a day.   If Africa c...
Read more

Developing agriculture in rural South Africa.

Image
One of the news about Trump's becoming president of the United States for Africa is the cessation of USAID funding for South Africa (about USD 400 million). Although this will have negative effects on ARV recipients, and the medical coverage of a large number in this country with a very high rate of HIV infections, USAID funding only represents 17% of the country's medical assistance needs. The reason given by Trump is the adoption of the land expropriation bill introduced by South Africa President, Cyril Ramaphosa. For Trump, it is a racist law against white farmers who can be dispossessed of “their lands”; a debate that we will not dwell on, because it is propaganda from white supremacists who consider that they acquired these lands legally, but everyone knows that it is their spoils of apartheid. For our part, we will cite Houphouët Boigny, first president of Côte d'Ivoire, who, to launch the vast agrarian programme in Côte d'Ivoire in the 1970s, had the slogan, ...
Read more