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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (33659)	4/23/2008 1:40:36 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 218005

Certain countries in Africa are very rich in natural resources. Congo has huge deposits of copper and cobalt which the Chinese bought for a fraction of the market price reaping a discount for tens of billion of USD. Same with agri products most recently sugar from sugar cane which they buy for a fraction of market prices. The scheme is as follow – China offers to build roads schools hospitals etc. and of course to develop the mines for a tidy profit charging huge interest and fees for the credit given until the African Nation start to pay back with raw material. IN summary China buys the stuff around 30% to 50% of the actual price if profits where reasonable and interest rates at market prices. .... and by the way did I mentioned the heavy bribes paid to local officials ??? As a side comment I know also about several despicable Israelis who are also very active in Africa and make a fortune. Personally few months ago I meet one of the V. Presidents of Nigeria and understood how you can make a fortune there - but I decided to stay away for the time being.