Africa is rising: income increasing dramatically, most will reach middle incomes

[kingblaze84]

start with something basic like press freedom and you can see the differences. now, freedom doesn't necessarily equal livability, so maybe it doesn't bother some people.

but, okay, links: if you go by something like Freedom House, the US is free, Thailand is partly free, and Vietnam is not free. if we use, say, the Economist's Democracy Index, the US gets an 8.18, Thailand a 6.55, and Vietnam a 2.94.

if you like Thailand or Vietnam enough to want to live there, cool. but if you're in the US thinking "this place is keeping me down," you might be disappointed in Thailand or Vietnam.

Well America is still a police state in so many ways, but I see Thailand and Vietnam are much worse thanks for the info. I do criticize America at times but I still understand overall it's a cool place to live. It just has to make some serious changes.

 

[CirocObama]

Don't mean shit. As much as i love all my black folks everywhere africa will never reach shit cuz of the amount of corrupt muthfuckas that will use their own ppl to get theirs and blacks being against blacks. Shit because of every country's different background in Africa everybody out there are so different and don't really trust each other and fuck with each other.

 

[janklow]

Well America is still a police state in so many ways, but I see Thailand and Vietnam are much worse thanks for the info. I do criticize America at times but I still understand overall it's a cool place to live. It just has to make some serious changes.

well, also, the fact that the US might be better than Thailand or Vietnam does not excuse problems in the US. so there's always that.

 

[fancy black pesos]

OMG! THIS IS EXACTLY WHY WE NEED AAAAA NNNNNAAAGGGGGGAAAAAA HHOOOOOLLLLLYYYYYYDDDDDAAAAAYYYYYYYYYYY.......

JOIN THE MOVEMENT!!

 

[kingblaze84]

Don't mean shit. As much as i love all my black folks everywhere africa will never reach shit cuz of the amount of corrupt muthfuckas that will use their own ppl to get theirs and blacks being against blacks. Shit because of every country's different background in Africa everybody out there are so different and don't really trust each other and fuck with each other.

Yeah there is lots of corruption in many African govts but progress is progress right? I personally have high hopes for Africa because of Africans I know personally, and they tell me themselves things are improving. When you hit rock bottom, the only way to go is up.

 

[kingblaze84]

this is true.... but that's not to say that the US dollar will be "worthless". It'll still be very valuable but b/c the US is a 15 trillion dollar economy & can't grow at the same rate as it's much smaller competitors (Canada, some euro countries & China) the dollar isn't going to be worth as much as it is now in the long run. The Africans know this as does much of the world.... I hope....

I'm sure they do know this as business with China and other nations is taking more and more priority for African nations. America will still be a force to be reckoned with but other nations will probably be more important for business than America in the future. Brazil, China, India, and other developing nations will be needing more and more natural resources and that means big business for Africa in the future. I hear China is also investing in creating railroads and other infrastructures while hiring many Africans, so the money rolling into African nations could be pretty sweet in the long run. Let's just hope govts there don't squander the wealth like Nigeria has done in the past.

 

[kingblaze84]

I sure hope so Sion I sure hope so. Africa is gonna see huge population growth so if govts there aren't on point, we're gonna see more and more of the same problems. Aside from Somalia, I havent heard many stories of famine or starvation coming out of Africa this year so it seems some stability is starting to take place there. I also didn't know Saudi Arabia and Russia signed trade treaties with Africa, that's good news.

 

[kingblaze84]

Just saw an interesting link, I did some research on what Sion said and here's what I found.......

http://af.reuters.com/article/nigeriaNews/idAFL4E7N21KP20111202

Forget China, invest in Africa says Russia's Renaissance

By Charmian Kok

SINGAPORE Dec 2 (Reuters) - Investors should forget China and park their money in sub-Saharan Africa if they wish to benefit from the growth in emerging markets, the chief investment officer at Russia's Renaissance Asset Managers said on Friday.

"Africa reminds me of China back in 1999. If you missed China then, don't do that now," Plamen Monovski told Reuters in an interview. "It's the last place in the world that is due for that rapid change and advancement."

Africa, once shunned by most investors, is beginning to attract interest from some of the world's largest banks and corporates.

Singapore commodities firm Olam International Ltd this week announced plans to invest about $100 million in Nigeria, while Standard Chartered's private bank said in October it planned to set up an onshore presence in Kenya.

Investors should turn to Africa where equities are trading at "exceptionally cheap" levels as the continent is benefitting from Chinese demand for natural resources as well as investments by the Asian giant, Monovski said.

Monovski, who joined the fund management arm of Russia's Renaissance Capital from Blackrock last year, helps manage $2.5 billion of assets.

The firm's products include a sub-Saharan fund which counts South African telecom firm MTN Group Ltd and Nigerian Zenith Bank Plc among its top holdings. The fund has, however, fallen about 17 percent since its inception in October last year due to dampening appetite for riskier assets.

Renaissance is more bullish on Africa's infrastructure, consumer-related and financial sectors, which will benefit from the region's growing prosperity, rather than commodities.

 

[EuropeanAndWhite]

Africans can use their own currency, it's not all about the American dollar. The dollar is a slowly falling ship, so nations will have to rely on their own currencies and others aside from the USA to survive in the long run. The way the dollar is going with 15 trillion in debt, Africa will eventually rely less and less on the dollar, so it's whatever at this point.

and what the fuck else should they rely on? dollar is the worlds reserve currency thats what our global monetary system is built on (unfortunately).

 

[Swiffness!]

crackers will come along and fuck it up like they always do.

I usually enjoy Darcskies' cynicism, but this is borderline *Uncle Ruckus voice* "CUZ WE NIGGAZ! AND THAT'S ALL WE EVER GON' BE!!!".

Like, cheer up bruh. Brothers Gonna Work It Out someday....

 

[Swiffness!]

and what the fuck else should they rely on? dollar is the worlds reserve currency thats what our global monetary system is built on (unfortunately).

you're talking to ppl that don't know shit about how that works past "welp, the dollar is doomed, buy gold"

lol remember when Jay-Z was flashin Euros in music video and Tom Brady wife only wanted to be paid in Euros?

my my how things change

and niggas still want no parts of China's wack ass currency, soooo

AMERICAAAAAAAAAAA FUCK YEAH

 

[kingblaze84]

you're talking to ppl that don't know shit about how that works past "welp, the dollar is doomed, buy gold"

lol remember when Jay-Z was flashin Euros in music video and Tom Brady wife only wanted to be paid in Euros?

my my how things change

and niggas still want no parts of China's wack ass currency, soooo

AMERICAAAAAAAAAAA FUCK YEAH

Do you think the dollar will be the world's reserve currency in 2050-2060? With 15 trillion dollars in debt and rising?

 

[kingblaze84]

I heard gadaffi was wanted dead because he wanted to unite africa and change the currency to gold so they would profit better, but americans would be fucked so they wanted him dead

I believe this is very true. Shit like this is the American way ask Saddam Hussein.....

 

[EuropeanAndWhite]

Yup, Im 100% confident in that too. The Americans are gonna start de-leveraging that debt in 3-5 years watch & see. They just need to get unemployment down & things stable first. & Ill bet u the Chinese, Japanese & Europeans will be the first in line. I wish Canada would be too cuz we'd really jump up a few notches on the worlds largest economies list if we did....

yeah and how? your whole industry is in china where they build the cheap ass stuff americans buy later. globalization fucked itself in the ass and i dont think things will just go back to normal this time. either shit melts down or we will struggle with the current system for the next 10-20 years before WW3 breaks out.

 

[kingblaze84]

Too bad most of the U.S. jobs AREN'T in China fam. Manufacturing might move some business to China but there are far more industries like banking, energy, industrials, construction & more that offer jobs and will aid in lowering unemployment. One solution the Americans could look about is to start raising taxes & stop with all the cuts to various programs. Create more job incentives (just as Obama has done this year) & over time things will work itself out & the unemployment rate will come down. At its peak unemployment was 11.8% & now it stands at 8.6%. There are powerful economies like Switzerland & China who have unemployment & all the surplus in the world but can't bring down their unemployment not even 1%. But when u can do 3% on a 15 trillion dollar economy that is fucking phenomenal.

Nah things are getting better in the U.S. & just recently the EU just signed a Fiscal Pact. I think one problem people of this generation have is that they dont look at their history so often times u get ppl sayin that "it's the end" b/c they havent lived thru a recession where it can actually affect them (as oppose to growing up as a child & being oblivious to the economy). This has happened before & it will happen again but the good news is that its not common. Usually after long bouts of prosperity things go downhill. You have to learn to understand & accept the truths tho fam.

Most jobs aren't in China and the economy here in America is getting better, I agree. However, the QUALITY of jobs here in America is falling off, a lot of it due to outsourcing. Your optimism on America and its dollar is inspiring, but what do you say to the studies that show most new job growth is in low wage industries? How can America rebound strong if most new jobs being created won't help college grads pay off their trillion dollars in debt? Student loans now are higher than America's credit card bills. I'd love to sound just as optimistic on America but the quality of jobs being created these days isn't very inspiring based on what I see in the news.

 

[kingblaze84]

yeah and how? your whole industry is in china where they build the cheap ass stuff americans buy later. globalization fucked itself in the ass and i dont think things will just go back to normal this time. either shit melts down or we will struggle with the current system for the next 10-20 years before WW3 breaks out.

Many truths here and the sad thing is many of those manufacturing jobs aren't coming back. The economy supposedly is getting better but I wonder if these new jobs being created are just holiday jobs, the unemployment rate will be very interesting around February.

 

[Huruma]

Under the most optimistic scenario,

This sounds like good news but what's the least optimistic projection?

 

[kingblaze84]

Men lie women lie but the numbers don't. The bolded is ridiculous. So why would one graduate & work in a low wage industry & then be mad he/she can't pay off their student loans ? Make sense nigga. American business is coming back across the board. Unemployment is one thing but its not the only thing that will help the Americans rebound. Employment will help create surplus but u want American business to be profitable b/c that is what will innovate & help redefine America. As for the trade deficit, u call me optimistic as if Im oblivious to what's going on. Ive predicted so far everything that has happened as for the trade deficit not being able to be paid off ?

http://www.businessweek.com/news/20...it-shrank-in-october-to-lowest-this-year.html

Men lie women lie but numbers don't.

Trade deficit fell 1.6% this year the lowest in a year. The quality jobs are there, they're not disappearing at the rate u proclaim it. There will always be quality jobs in America. Diff't economic cycles will affect that but at the end of the day to say that quality jobs wont be available in the world's largest economy & the world superpower is beyond stupid fam. Job growth is low right now b/c the U.S. is trying to stabilize itself & come out of one of the worst economic cycles in a very long time.

China wont take all the jobs away, America will always be #1, prosperity will return. It will be difficult in the short term but in the end well get there. This country has seen 15 recessions since it's inception & came out #1 in every instance. This isn't the great depression, this isnt the 70s. It's bad but not as bad as those periods in time. That's why Im confident the Americans will come back.

Encouraging.....perhaps you are right. I guess Africa would be wise to continue to do business with America than, even in the deep future.

 

[wheelbarrow1]

I am not a black man, but listen to this black people: I would put all of my money into Africa (not Muslim Africa) if I had any investment $$$. I believe in Africa and Africans, American blacks give all black people a bad name.

 

[kingblaze84]

I am not a black man, but listen to this black people: I would put all of my money into Africa (not Muslim Africa) if I had any investment $$$. I believe in Africa and Africans, American blacks give all black people a bad name.

In what way?