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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (8523)2/9/2022 1:21:14 AM
From: elmatador  Respond to of 13803
 
History is dynamic. What you see today, and I agree with your views, it is not what it will be tomorrow.

Why? Take the Deng China's and today's China.

IT IS PEOPLE. NOT GOVERNMENTS

Give you a practical example

I made a quick video clip (I wish could retrieve it) about a busy junction in a place called Ngong - a satellite town of Narobi while I was doing fiber works here back in 2013- and posted in Facebook saying: "This is economic activity with no capital and there are a countries with capital and no economic activity"
Imagine if capital was here ?

To which a friend of mine, from South Africa replied: But if the capital comes they steal etc etc

I didn't go back there until August 2021. After these 9 years it is a much different place. The stalls have been removed.
Brick and mortar shopping area came up.
The mud road was paved and there is a sidewalk now.
There are places for car to park.

And is still the same country, same government. Same people.
I came back thinking:
It is not government. It is people.

Which is what Singapore and Japan have. Only people.

The capital is remittances form Kenyans working abroad.
According to the word Bank $200 million enters the Kenyan economy every month.

No cpaital investment? No problem.
The people send remittances !
See how much money is entering Low and Middle Income countries