Updated: Feb 7
Income producing assets are an integral part of accomplishing economic reconstruction
What is Economic Reconstruction?
Whenever world events take place that devastate a people or nation it is necessary to implement an economic reconstruction plan. This plan includes creating institutions such as banks and financial instruments, educational trusts, health infrastructure and effective governance for all of the above.
The Marshall Plan (officially the European Recovery Program, ERP) was an American initiative passed in 1948 for foreign aid to Western Europe. The United States transferred over $12 billion (equivalent to $130 billion in 2019) in economic recovery programs to Western European economies after the end of World War II.
Replacing an earlier proposal for a Morgenthau Plan, it operated for four years beginning on April 3, 1948.  The goals of the United States were to rebuild war-torn regions, remove trade barriers, modernize industry, improve European prosperity, and prevent the spread of communism. The Marshall Plan required a reduction of interstate barriers, a dropping of many regulations, and encouraged an increase in productivity, as well as the adoption of modern business procedures.
Unlike the Marshall Plan, we as the African Diaspora have failed to establish a joined strategy to execute a collective economic reconstruction. This economic reconstruction will include a number of skills and asset audits to establish models for delivery and identify the personnel to execute the measures. Like any sovereign fund, we need to create a trust that becomes a funnel for the populations of the African Diaspora to invest in. Nations create sovereign funds to produce wealth through income generating assets.
ADPAC Insights Economic Reconstruction plan
Progressive nations such as the UAE put sovereign trusts together in order to create revenue streams outside of the natural resources and thereby break their reliance on singular assets to create wealth and avoid an income based purely on foreign exploitation. The UAE with its initial 130B fund is a shining example that went on to purchase shipping ports, air ports, train stations, entertainment stadiums and other high yield income structures all over the world.
They managed to create and maintain a profitable diverse and rich portfolio that to this day returns multiple streams of income that have exponentially grown the value of the fund. It's this type of innovative thinking that we require not tired and incompetent leadership who continue to be the puppets of the West instead of serving their people and political constituents. Initiatives of this kind are best demonstrated to enable mass adoption, we are a sceptical people based on the unique types and levels of exploitation that have been metered out on us.
Think globally and act locally
What does this really mean for us as the British African Diaspora? ADPAC is forging a relationship with State of the African Diaspora (that represent the 6th Region of the African Union), our virtual region that connects us to the continent and represents our socio economic interests as a global collective outside of Africa. Like the Bi-lateral and Tri-Lateral commissions that Western nations utilise for trade we must establish the same. Self sustaining structures that can be delivered through digital platforms and our own dedicated crypto currency outside of the central banking system.
Timeline for state backed digital currency rollout (CBDC)
The incorporation of Central Bank Digital Currencies (CBDC) throughout Covid outbreak
Cash is on life support
Our economic reconstruction will take place through a monetary lens. To be as informed as possible we must understand the global economic landscape and how what we are intending on doing will both connect us to it and protect us from it. For the African Diaspora the latter is incredibly important and in this global reset stimulated by the emergence of COVID-19 we must establish our self determined ability not to rely on European structures that enslave us economically and under appreciate our assets and natural resources.