Silver Update: Africa Rising

August 29, 2012 By 2 Comments

BrotherJohnF’s latest Silver Update:
Africa Rising


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Comments

  1. Avatar of AGXIIK AGXIIK says:
    August 29, 2012 at 10:10 AM

    $1 billion goes a looooong way in Africa even after the kleptocrats are paid off.  China goes where the power and economic vacuums are noted.  The western powers just screw up in Africa, treating it’s people like—well, sorry to say it—-treating black people very badly.  250,000 years ago every one in the world came from Africa. I keep that in mind when I regard the people in those countries.  They deserve better and China comes to these countries with tens of billions in investment. Yes, most of the funds are to develop the natural resources while building power and transportation systems.  The people will benefit even as China removes these valuable commodities but the highly valuable iinfrastructure will remain.
    But maybe they will actually pay a reasonable amount for these non renewable resouces and maybe the people will get some of the benefits of these developments if the Chinese see a way to enriching the people for the the sweat of their labors by  paying them a good wage and building infrastructure that uplifts the people in their homes and towns.
    BroJo makes on key error in thinking that a 7% growth rate in China won’t affect the country  It is already affecting China increasing unemployment, crushing profits by 80% or more and making some of the industrial provinces very unsteady. Investing in Africa diversifies China’s risk of relying on just its own country for its economic growth and well being. A hard landing in China would be buffered by a diversity of investments in other countries, particularly ones treated badly and looking for a investment partner.
      A 7% growth rate in China, adjusted for inflation, means a zero growth rate.  The economic indicators are down and into the red.  The imports are down double digits while exports are also off by like numbers.  The whole world exports to China and these drops are doing to exacerbate the recessions in the US and Europe. Australia is being hit hard too.   Pray that China does not drop to a 0% rate of growth, non inflation adjusted.  That hard landing will be world wide. Buckle up folks. 

  2. Avatar of Sumkid Sumkid says:
    August 29, 2012 at 9:30 PM

    That’s weird! The title of the post is “Rising Africa” but the video’s title is “Endless Recession”. Plus the video “Endless Recession” has been already been posted at http://www.silverdoctors.com/silver-update-endless-recession/ but this time, the title of the post and the video match together.

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