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Concept of Money:Why Resource-rich Africa will remain with high poverty index.
kaifastus
#11 Posted : Saturday, March 31, 2012 11:18:12 AM
Rank: Member

Joined: 8/17/2011
Posts: 207
Location: humu humu
We will not forever remain poor. Again let's not talk of africa as a whole but rather as separate 'entities'.
a4architect.com
#12 Posted : Saturday, March 31, 2012 11:24:04 AM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@kaifastus..true..if Africans and their Central Bankers engage in thought processes that result in win-win situations in terms of fiat money/gold standards, solutions will be found.

Most African countries have a poverty index of 50% or higher.

Gaddaffi had started playing around with this

http://thedailybell.com/...ar-Now-Under-Attack.html
As Iron Sharpens Iron, So one Man Sharpens Another.
a4architect.com
#13 Posted : Saturday, March 31, 2012 11:33:37 AM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
Cde Monomotapa wrote:
a4architect.com wrote:
@ cde monomotapa-i hear you... ..i have edited it to suit your request..

Concept of Money:Why Resource-rich Africa will forever remain with high poverty index.


SMH...It is now a global capital affair that sub-Saharan Africa will experience exponential growth and transformation in at-least the next 2 decades -Whether Africans participate in or not- Anyone with the old mindset of African Poverty & Aid and not African Prosperity & Capital will remain in that very despair.

I'm no Super-man..can't save the whole lot..so..keep on.

Peace.

@ cde monomotapa. . . this is what Eli James says below. From an economic monetary point of view, what is your take on this especially the part below in Red?

Quote:
The fact is that the international bankers have always implemented fiat money currencies in the place of gold and silver. There is a very simple reason for this: He who controls the gold controls the world. The gold and silver are supposed to belong to the people, not to the bankers. Those who argue against a gold-backed currency do not unmderstand that the reason why the bankers want to deprive the people of their gold and silver is so that the bankers can substitute their fiat currency instead.

The bankers also hire so-called economists to tell you that gold-backed currency is not necessary. Sheldon Emry fell for this ruse because he did not have a thorough understanding of how the bankers play this game.

Since it is impossible to inflate the volume of gold and silver as currency, the bankers cannot use such currency to manipulate the economy. Those who argue against gold-backed money are actually playing into the hands of the bankers, who, historically, have ALWAYS legislated ways to prevent the people from using gold and silver as money.
As Iron Sharpens Iron, So one Man Sharpens Another.
jonna
#14 Posted : Saturday, March 31, 2012 11:36:44 AM
Rank: Member

Joined: 11/16/2011
Posts: 196
Location: united states of africa
Try watching Life and Debt, a documentary about how the world bank and imf messed up Jamaica's economy thus the bigger picture of how these western government operate.

http://lifeanddebt.org/
Energy.
kaifastus
#15 Posted : Saturday, March 31, 2012 11:41:10 AM
Rank: Member

Joined: 8/17/2011
Posts: 207
Location: humu humu
Eradicating poverty is more about capital formation, acess to education,economic development,employment creation,population control and less about fiat money and central bankers!
Cde Monomotapa
#16 Posted : Saturday, March 31, 2012 11:52:50 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
kaifastus wrote:
Eradicating poverty is more about capital formation, acess to education,economic development,employment creation,population control and less about fiat money and central bankers!

Heed this man please. Productivity is everything.
a4architect.com
#17 Posted : Saturday, March 31, 2012 11:57:21 AM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
@ cde monomotapa..please elaborate with more detailed content/insight so that we can all debate the issue.

Give a few links,quote a few experts/reserchers e.t.c to back up your points ..
As Iron Sharpens Iron, So one Man Sharpens Another.
Cde Monomotapa
#18 Posted : Saturday, March 31, 2012 12:10:10 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
I personally spent 4 years buying up assets and positioning in Zimbabwe during hyper inflation. There was excess printing of money & from that experience there was no co-relation to improve productivity (the core of my arguement). The same excess printing is going on in the US, Britain & Europe and coupled with near zero interest rate but people are still jobless (un-productive) and those economies will keep shrinking. In Kenya rates had to be hiked to tame REAL DEMAND (a spin-off of productivity). Thus, in my brief life as an investor i'm yet to see a Central Banker that absolutely determines real economic fortunes.
a4architect.com
#19 Posted : Saturday, March 31, 2012 12:15:31 PM
Rank: Veteran

Joined: 1/4/2010
Posts: 1,668
Location: nairobi
a4architect.com wrote:
Cde Monomotapa wrote:
a4architect.com wrote:
@ cde monomotapa-i hear you... ..i have edited it to suit your request..

Concept of Money:Why Resource-rich Africa will forever remain with high poverty index.


SMH...It is now a global capital affair that sub-Saharan Africa will experience exponential growth and transformation in at-least the next 2 decades -Whether Africans participate in or not- Anyone with the old mindset of African Poverty & Aid and not African Prosperity & Capital will remain in that very despair.

I'm no Super-man..can't save the whole lot..so..keep on.

Peace.

@ cde monomotapa. . . this is what Eli James says below. From an economic monetary point of view, what is your take on this especially the part below in Red?

Quote:
The fact is that the international bankers have always implemented fiat money currencies in the place of gold and silver. There is a very simple reason for this: He who controls the gold controls the world. The gold and silver are supposed to belong to the people, not to the bankers. Those who argue against a gold-backed currency do not unmderstand that the reason why the bankers want to deprive the people of their gold and silver is so that the bankers can substitute their fiat currency instead.

The bankers also hire so-called economists to tell you that gold-backed currency is not necessary. Sheldon Emry fell for this ruse because he did not have a thorough understanding of how the bankers play this game.

Since it is impossible to inflate the volume of gold and silver as currency, the bankers cannot use such currency to manipulate the economy. Those who argue against gold-backed money are actually playing into the hands of the bankers, who, historically, have ALWAYS legislated ways to prevent the people from using gold and silver as money.


@ cde monomotapa...good to see you have been involved in Zimbabwe affairs..any insight on the issue raised above in red?

Zimbabwe is a perfect example of an economy that has been manipulated through fiat currency inflation.
As Iron Sharpens Iron, So one Man Sharpens Another.
jonna
#20 Posted : Saturday, March 31, 2012 12:18:41 PM
Rank: Member

Joined: 11/16/2011
Posts: 196
Location: united states of africa
Speaking freely Volume 1: John Perkins

http://www.youtube.com/watch?v=TFC18pFvo1g
Energy.
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