Zimbabwe's plan to use China's currency

Re:Zimbabwe's plan to use China's currency by UshZilla on Wednesday December 23, 2015 @05:22PM (#10786027)

On the one hand, there is nothing inherently wrong with the growth of an alternative to the USD as a global market currency, there are good arguments in favor of diversifying that function anyhow.

The dark side is that China has a history of being very good at economic subjugation in Africa. This feels a bit like a "lender of last resort" scenario, with a lot of contingencies and costly terms.

http://www.newyorker.com/news/news-desk/china-in-africa-the-...

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Re:Zimbabwe's plan to use China's currency by tamana on Wednesday December 23, 2015 @07:09PM (#10786385)

China is the latest, but subjugating Africa has been a worldwide pastime.

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Re:Zimbabwe's plan to use China's currency by themartorana on Wednesday December 23, 2015 @07:41PM (#10786471)

Well yeah, but the same can be said of any continent at some point in human history.

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Re:Zimbabwe's plan to use China's currency by jkaunisv1 on Wednesday December 23, 2015 @08:03PM (#10786522)

But it can be said in particular of Africa in the more relevant and recent hundred years or so. Especially in the context of the comment that sort of loosely implied China was alone in subjugating Africa, in the present day.

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Re:Zimbabwe's plan to use China's currency by intopieces on Thursday December 24, 2015 @04:23PM (#10789612)

Is the exploitation of the African continent just in the light of previous exploitations of other groups? I genuinely do not understand the point of this comment and would like you to explain it further.

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