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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 421.32-0.5%Jan 16 4:00 PM EST

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To: TobagoJack who wrote (189735)7/11/2022 4:46:52 AM
From: Maurice Winn4 Recommendations  Read Replies (2) of 219422
 
The EU wants to import as much African gas as it can, but doesn’t want to fund projects that would allow the world’s poorest continent to burn more of the fuel at home.

I want to import Nigeria oil, and coffee beans from Africa but don't want to fund exploration and production in Nigeria or provide free coffee factories in Africa so that the local yokels have free stuff at my expense.

I'm happy to buy oil from Nigeria but I don't want to invest there because they'll steal my refinery or the products from it. How is that hard to understand?

When the great and glorious British Empire ruled several countries in Africa, they DID fund projects that allowed the locals to buy the products too. But when Mugabe attacked the Euros and stole their property, the English stopped investing in what he decided to call Zimbabwe instead of Rhodesia [named I assume after Cecil Rhodes].

Similarly, in India, the great and glorious British Empire invested megatons of money in India and exported industrial production there, building railways and all sorts, which the locals also worked at and could buy too. After evicting the British and nationalizing aka confiscating assets, it's not surprising that foreigners are loathe to invest to be robbed again. Singapore got very rich by not robbing foreign people, so the Singaporeans are now top of the pops in wealth. Same for Hong Kong.

Robbery is not a good way to be wealthy though it remains very popular, especially by voting to rob people who produce - legalized theft is still theft and not good in the long run.

Mqurice
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