long-gone >I would think a Doctor(even a white one) would be listened to by some level of your government
Especially if that fellow is ill!
I'll tell you a story. Last year, following the "collapse" of the rand, the head of the SA Chamber of Commerce informed President Mbeki that the rand had fallen as result of illegal activities and possibly a conspiracy. This lead to an expensive and, in fact, a futile, legal inquiry as result of which the head of the SA Chamber of Commerce was put into disrepute and he lost his job because nothing was, in fact, proved or found.
m1.mny.co.za
news.bbc.co.uk
I know this is not exactly what you are after but I mention it because, in fact, the SA gov is sick of "information" and whistle-blowing into so-called conspiracies against the currency or the economy, generally. I can assure you that the SA Reserve bank is well aware of all the tricks (certainly many) which the banks employ in the currency and other markets but, today, the Reserve Bank is normally not prepared to act in opposition to market activity with the intention of "defending" the currency or any other financial instrument or even "normalizing" market activity. In the past, the SA Res bank did try to defend the currency against speculation and lost most of its gold reserves by so doing.
business.iafrica.com
>>>Reserve Bank officials also repeated their view that complex asset swaps set up last year by Deutsche Bank for three top corporates had not been neutral for the country's reserves, although they had not contributed to the rand's slide.
Earlier, they had told the inquiry that they would not have approved the deals if Deutsche Bank had disclosed that it intended to sell rand for foreign currency as a hedge.
"Any application to Exchange Control has a certain motive and intent and if that...is not disclosed or exposed willingly, then the applicant is not being transparent in its ultimate aim or objective," said Alexander Bruce-Brand, head of exchange control at the central bank.
Deutsche Bank executives maintain the asset swaps were neutral or even positive for South Africa's reserves because it bought large amounts of domestic bonds in related transactions.<<<
So, frankly, I don't know what you expect me, or even the SA government, to do about the speculative and other activities of a German or any other bank or agency particularly if such activities are not illegal? |
