Congressman Gerry Connolly Speaks at Naturalization Ceremony

July 17th 2012 was a special day for some 700 immigrants and their families in the Washington DC metropolitan area. On this day, in a spacious and well appointed auditorium in the Hayfield Secondary School in Alexandria, VA, the large crowd consisting of family and friends of the 700 immigrants to the United States gathered for the solemn oath ceremony which marks the acquisition of US Citizenship.

It was a very joyful and friendly atmosphere which prevailed as a senior executive of the USCIS office efficiently directed staff, to help in getting all in place for the solemn ceremony which began at precisely 11AM. Immigrant came from 98 odd countries.

The keynote speaker was Congressman Gerry Connolly of Virginia's 11th Congressional District. In a very inspirational and lofty speech, he spoke from the heart, spurring the soon to be minted US Citizens to aspire to greatness, for it is achievable here in the USA. He spoke from the heart, sounded sincere, and his connection to the full auditorium was palpable.

And then, the oath was administered, the pledge of allegiance was said, the "Star Spangled Banner" sung, and Congressman Connolly very graciously stayed back to take photographs with the newly minted US citizens.

All in all, a very efficient ceremony, where people of all religions, creed, and political ideologies came together to celebrate America - that shining city on the hill!

Please click for larger pictures.

Congressman Gerry Connolly

Close up view of the Google StreetView Car

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Ever wonder how images for Google StreetView are made?

Well, Google has a complex integration of imaging and spatial locating sensors mounted on vehicles that drive around. These could be boats in the amazon forest, or the ancient narrow streets in old European villages. Using high definition cameras, still images are taken, with their exact GPS locations embedded.


Clever software then seams these discrete images together, creating the cool, close-up user experience you get on your computer or smartphone when using Google StreetView.


I recently got a close peek of the Google car. I took the opportunity to shoot some close up pictures of the car. Here they are...

Devaluation of the CFA: Lessons from Fotso and Kontchou

 Any financial regulatory authority knows that to carry out the devaluation of a currency is a delicate task. All simulations are run in a tightly controlled manner and then one day, and without any warning, the news of the devaluation is brought to light.

This is useful because it prevents speculators from going bullish on foreign currency and tying up local capital markets. The internet has revolutionized the acquisition and modelling of data that is used in FOREX markets. As such, a meeting between African and European Central bankers may signal a fundamental change in monetary policy. A major sovereign debt crisis is now sweeping across Europe, and the Euro, the common currency used by 17 of the 27 member countries of the EUROZONE is under threat.

Africa comes into the picture because the CFA franc which is in wide use in Central and West Africa is directly pegged by a fixed parity to the Euro. While austerity measures are imposed on Euro countries, they must somehow continue to get commodities, but not at current prices. As such, an immediate consequence of the European Sovereign Debt Crisis of 2011 will be the devaluation of the CFA Franc. Thus, europeans will be able to buy oil, coffee, cocoa and bananas very cheaply form the CFA Franc countries. 

News of the imminent devaluation of the CFA franc is now drying up capital markets, and slowing down the transfer of funds by the African Diaspora back to relatives in their countries of origin, pending the devaluation, while wealthy Cameroonians, mostly corrupt relatives of Paul Biya are channeling funds out of the country at an unprecedented rate. In 1994, Mexico was in Cameroon's position today, and through mismanagement of what would have been a painless devaluation of the peso found itself facing default.

Sentient of the possibility this may happen, Cameroon's minister of economy and finance cooked up a clever scheme to make the most out of the situation. He floated Cameroon treasury bonds (only local banks bought in - were they coerced?) that were subscribed to the tune of about $16 million for the first round. He hopes to repeat the feat four more times, ending December 15, 2011, giving him just enough time to do some "Cameroonian Magic" on the International Forex Markets before the CFA franc gets devalued on the 1st of January 20112.

But can he be trusted? He says the "scheme" of issuing treasury bonds shows that the Cameroonian economy is healthy, and it provides a means for the average Cameroonians to make some money with their dormant savings. The Cameroon Treasury Bonds are sold at the banks that have subscribed and give a return of about 2,5%.

But here is where the curiosity begins. The term of the treasury bonds are suspiciously short. Typically bonds will be issued by sovereign entities with terms of about 3 years, 5 years, 10 years or more. The maturity dates for the Cameroon Treasury bonds are just too short to make any sense. It is the same kind of term a "money doubler" or "Shiba Man"  will promise his victim.

We have not forgotten about Cameroon Bank, Credit Agricole, BICIC, and other Banks that went under, while some government officials lined their pockets. We have not forgotten about the 1994 World Cup in the USA when Kontchou Koumegni wiped out almost a million dollars in cash, and then got promoted as Chairman of the Board of Directors of the University of Douala.

This umpteenth scheme by the Minister of Economy and Finance looks like it will burn some serious holes in the savings of Cameroonians (Cameroonians have very little in savings and there is no way the amounts raised could have been from the savings of ordinary Cameroonians. On the day salaries are paid, civil servants line up at the bank, cash all their money on the spot and take it home). If he wants to play a high stakes poker game like Yves Michel Fotso did during the 1994 devaluation (he got arrested for money laundering), he should do so with the money of his friends (like he is right now). 

Trying to play "wash wash" with the savings of his friends while passing under the radar of the IMF, World Bank, and the French Treasury (trustee to the XAF and XOF) casting the funds as from ordinary Cameroonians will ultimately cost him his job. Remember the Russian Financial Crisis of 1998. A word to the wise is enough. We have 33 days to go!

Devaluation of the CFA (XOF, XAF): Ramblings of Cameroon's Finance Minister.

It may be too late to save the African franc (XAF and XOF). Both the BEAC XAF of Central African Former French colonies and the West African XOF will loose about 40% of their value soon.

Initially programmed for early January 2012, after the African Diaspora would have completed remittances to their families back in Africa for the end of year holiday celebrations, the devaluation may be coming sooner. Monetary authorities are doing all they can to mitigate the premature leak that is causing a halt in the flow if cash into the CFA franc countries, and the massive capital flight that is currently taking place.

In a weak and rambling rebuttal of the imminent devaluation of the CFA franc, Cameroon's Minister of Economy and Finance went on national radio and could not raise any solid argument to prove that the CFA franc won't lose 40% of its value. Speaking in a hesitant manner without any figures to back his assertions, he went on about how Cameroon's economy is doing great and he is the one in charge who makes all the decisions, whereas we all know that Monetary policy in the BEAC and BCEAO regions is tightly regulated from the french treasury and the African Ministers simply execute instructions. In a Freudian slip, France's former prime minister and vice president of the french senate, Jean-Pierre Rafarrin, someone who can speak with authority on this matter said that CFA franc countries stand to benefit from the devaluation!

If a bank is failing and does not have enough cash at hand to fulfill its obligations to its customers, there is no way that it will be publicly acknowledged that the bank is no longer solvent. This is to prevent the classic run on the bank, where everyone who gets wind of the information hastily clears out their account. In fact, in some cases, a healthy bank may go bankrupt because all depositors want their money at the same time.

But this is a global financial tsunami that has already brought down governments in Greece, Spain, Italy, and is knocking on the door of France. The very Euro, the currency the binds the Euro zone together seems to be raveling. Anyone who fails to see that Africa is the next stop of this global financial meltdown simply will land back on earth when they go hungry for a couple of days early next year after the devaluation of the CFA.


The CFA Franc, both the XAF and XOF are pegged to the Euro at a more or less fixed parity. Within the last couple of weeks, looking at historic data, one can see that the Franc has appreciated relative to the Euro. A stronger franc means that ill gotten money from the likes of the son of the Equatorial Guinea strongman Theodorin Nguema could be used to buy luxury cars, while the population remains oppressed and without clean drinking water or medicines.

The elites know too well what will happen when the devaluation of the CFA franc goes into effect. There will be rising costs of basic necessities like rice, cooking oil and gasoline. Riots will ensue, and since most of them went to the polls this year, they could very easily be swept from power by popular revolutions. The internet has brought freedom of speech which has been denied millions of hard working people in the past, and never, never should Africans accept to be deceived by their manipulative leaders.