Léonce Ndikumana discusses his newest research on capital flight from Angola, Côte d’Ivoire and South Africa between 1975 and 2015. 290 Billion dollars were funneled out of these countries over this period through misinvoicing and circumventing regulation and taxation. Most of that money ended up in corporations in the global north.
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The African countries has to prepare to kick the US-Empire out of every African country excluding the EU (Espescally UK , France, Germany). These are all just colonists. They don't invest in infrastracture. They destroy the homegrown industries and steel the resources. If the Africans don't start to kick out – first of all the Amis, France and the UK. Take China and Russia and India in. First of all, they bring infrastracture and pay for resources. And the most important, they are not meddling in politics. Anyway : First out with the US, the rest will much easier. Africa must rule Africa !!!! No neocolonialists like America , France and UK.
The lumpen bourgeoisie in Africa are too willing to serve the West and let their countries go to hell. The African leadership by en large are like Samuel L Jackson in Django Unchained. Africa has the most resources but is the poorest continent automatically that should tell us something is wrong. The whole global market is set up to keep certain countries on top and certain countries on the bottom. The whole system needs to be thrown out it's archaic and corrupt and predatory. The system was created by the colonizers themselves so obviously it won't benefit the rest of us.
Africa should be begging western blacks to come home and fix that total MESS.. We all can-head and know the white mans tricks.. These Africans been falling for the same tricks for 10ps of years
Why don't the African countries follow the same method as most Asian countries
People need to appreciate what they got. Look at that fertile land & it's no limit food potential. Get to work people & stop looking up to corrupt lying politicians.
'Capital flight' doesn't exist in a vacuum. It are still the same Rothschilds and Oppenheimers who own Anglo-American Corporation and it's many holdings, the IMF/World Bank and the other International Financial Institutions.
So the question is: who owns the oil companies, diamond companies, gold companies, etc. Who owns the IMF. If they are the same family, that is the problem.
https://www.rothschildarchive.org/business/rothschild_clients/
Cecil Rhodes, (1853-1902), South African businessman and politician
Rhodes visited London in July 1887 and secured the backing of Nathaniel, 1st Lord Rothschild for De Beers in its bid for the French Diamond Company. Support for Rhodes had been encouraged by Randolph Churchill who had been acting as consultant to Rothschilds, assessing the prospects of gold and diamond mining in South Africa. Lord Rothschild later disagreed with Rhodes and his policies, although he was an executor of Rhodes's will and was instrumental in creating the Rhodes Scholarships from the estate.
https://www.debeersgroup.com/the-group/our-history#1899-1880
1887
Cecil Rhodes and Barney Barnato, each buying claims and shares in nearby mines, vie for commercial pre-eminence in the Kimberley diamond fields. To outproduce each other, they flood the market causing diamond prices to plummet. A merger is the only solution.
1888
De Beers Consolidated Mines Limited is established on 12 March. Cecil Rhodes is named as founding Chairman.
IQs Matter.
Saif Al Islam needs to win the Libyan election if the African continent wants to see any genuine progress