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No Financial Inclusion Today! No Financial Inclusion Tomarrah! Or For Eternity, Even
#15
RE: No Financial Inclusion Today! No Financial Inclusion Tomarrah! Or For Eternity, Even
The internet has created "Financial Inclusion" where never before there was any at all.  In Africa, the most famous advance became the payment app.  Those were actually started in Kenya, not in the USA or Western Europe.  Money from the urban centers could be sent to the rural countrysides.   A family had relatives in town.  Suddenly at the local level, they too were in a market.  Tanzania would go further, and even by-pass banks. The most famous Artificial Intelligence in the world is "Leo," at United Bank for Africa--available in 20-odd nations.  Lagos, in fact, is Africa's London, and an international Fintech development capital.  Coincidentally, Nigerians don't seem to like payment apps, but in the Open Air markets, Wallets are now adored.

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President Ford had created $50.00 tax rebates, a friend of my Maternal Uncle.  Both were top-of-the-heap level Masons, which is how they met.  There was a useful tool the arithmetic could use, and Ford White sent a nice reply.  Ford was Michigan.  My uncle was rural Eastern Oregon--long since gone to corporate farming.  Then there came about the child tax credit.  By 1975, a forecast of $300.0 bil. deficits was ready.  Keynesian Stimulus was not going to work as planned.  John Kenneth Galbraith would comment in editorial page assessments, that the Reagan deficits, "Were not Keynesian deficits."  Nixon had come on board to Keynes, but Soviet Imperial Hegemony was in constant disintegration, along with a lot of Atheists.

The Obama White House would not so-state, but carried the concept of the equal amount tax credit to a new level:  It was a lot, for everybody, and payable regardless if there was income tax liability or none.  You filed, you got your bonus--and for lower income neighborhoods, just like Kenyan rural market had basis to suddenly flourish.  

The critical part of "Financial Inclusion," is that an accepted currency has to become equally and newly available to everyone engaged in the lawful policy.  

So Nigerian "Traders Moni" is an equal amount basis of credit--2.0 mil. micro-businesses.  Anyone can infer that economies somewhere in Nigeria were getting newly empowered.  They were becoming, "Financially Included."  Nothing religious actually happened. "Goddess be praised" may have become an outcome.

The basis origin, however, is mostly Greek--White people even able to enslave white people, who became more valued than any other peoples in the ancient world--China, Mongolia, Southeast Asia, Samoa and India all likely excepted.  Probably Australia was excepted(?).  Some may noticed that Persia was excepted--and Roman, "Without Papers," they were not.

"Crow, James Crow:  Shaken, Not Stirred!"
(White Eyes sent Lands of Many Nations, even--Into Reservations as "Free people:"  To die like dogs in vomit!  Poison blankets and rotted corn were courtesy, Uncle Sam!)
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RE: No Financial Inclusion Today! No Financial Inclusion Tomarrah! Or For Eternity, Even - by mascale - August 11, 2019 at 5:06 pm

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