@Teeri-Alpha-Kismayo
Also had this crazy idea on how we could potentially stabilize our central bank.
Like with everything else you have to give something up to gain something.
The idea revolves around losing some sovereignty by outsourcing the central bank to a private organization in the west.
They'll have a mandate to rapidly grow our GDP and support our governments long term fiscal roadmaps just like China's 5 year plans.
In return they get paid fat commissions by managing our sovereign wealth funds.
The US and a lot of other places essentially already have something like this in place but they're all domestic banks.
Our government can't just fire them and regain control unless they breach certain rules or fail to perform.
If they do; they get fined a decent percentage of our sovereign wealth fund and foreign currency reserves that they'll also be managing...i.e. collateral.
The whole point behind this idea is to bring in an army of highly competent custodians of our currency and the levers they hold to grow our economy.
We do have some smart qualified Geeljire around but they'll also need to have some stubborn level integrity and be as courageous as the men of our past.
You'd be lucky to find a dozen of them and most would still need a couple decades to gain the maturity and experience required for this responsibility.
Temporarily outsourcing the Central Bank could instantly gain us all the human resources required, front seat views for our domestic managers in-training to the highest levels of operators in their fields and more importantly...
Gain a strong ally in the west that has their incentives aligned with us.
They could easily get their own institutional LPs to invest in Somalia since it would directly benefit their bottom line. Then we'd pull more powerful friends onto our bandwagon.
If our own geeljire managers fucked us; all we could do is fire them but we could sue this private company to the moon.
Each option has it's own drawbacks and benefits but this could at least give us a decade of stability until those old fockers in charge retire.
Also had this crazy idea on how we could potentially stabilize our central bank.
Like with everything else you have to give something up to gain something.
The idea revolves around losing some sovereignty by outsourcing the central bank to a private organization in the west.
They'll have a mandate to rapidly grow our GDP and support our governments long term fiscal roadmaps just like China's 5 year plans.
In return they get paid fat commissions by managing our sovereign wealth funds.
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The US and a lot of other places essentially already have something like this in place but they're all domestic banks.
Our government can't just fire them and regain control unless they breach certain rules or fail to perform.
If they do; they get fined a decent percentage of our sovereign wealth fund and foreign currency reserves that they'll also be managing...i.e. collateral.
The whole point behind this idea is to bring in an army of highly competent custodians of our currency and the levers they hold to grow our economy.
We do have some smart qualified Geeljire around but they'll also need to have some stubborn level integrity and be as courageous as the men of our past.
You'd be lucky to find a dozen of them and most would still need a couple decades to gain the maturity and experience required for this responsibility.
Temporarily outsourcing the Central Bank could instantly gain us all the human resources required, front seat views for our domestic managers in-training to the highest levels of operators in their fields and more importantly...
Gain a strong ally in the west that has their incentives aligned with us.
They could easily get their own institutional LPs to invest in Somalia since it would directly benefit their bottom line. Then we'd pull more powerful friends onto our bandwagon.
If our own geeljire managers fucked us; all we could do is fire them but we could sue this private company to the moon.
Each option has it's own drawbacks and benefits but this could at least give us a decade of stability until those old fockers in charge retire.
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