One of our most recent video reports!
See the original article below:
Josh Sigurdson talks with author and economic analyst John Sneisen about the recent news of the creation of a sovereign wealth fund in South Africa by President Cyril Ramaphosa.
Ramaphosa thinks this will boost economic growth in the country which is funny to say the least. We've seen this in countless other countries before and Norway would be a great example of how not to go about this kind of move.
South Africa is attempting to stabilize themselves, but via the hand of more instability in a vastly centralized system.
Their main exports are platinum, coal, iron ore, diamonds and citrus fruits. But this new system will be almost entirely paper contracts. They will have as per usual far more paper than they have commodities which will lead to another massive bubble.
South Africa is making several similar moves in government to what Zimbabwe did approaching their massive hyperinflation which is certainly worth noting in this context.
This will simply be yet another domino to fall on the world stage.
The ANC may want to rethink this.
Stay tuned for more from WAM!
▶️ DTube
▶️ IPFS
.
As a South African myself I am heart broken about the news currently happening in SOuth Africa. Land expropriation without compensation... Lets use Zimbabwe as a model on how badly this works... yet they have pushed through with this. This wealth fund is only a fraction of the stupid going on in South Africa. I am lucky to hold both a SA and a EU passport and I am in the process of selling off all my assets and moving to Europe. Breaks my heart but yeah it is what it is.
With all these countries collapsing , we are going to have a global revolution , and I don’t see The BANKSTERS surviving .
Great video. Scary times.
I love South Africa, I hope we can overcome the Zulu rulers of the ANC who are just racist against whites, yellow brown and hate other blacks .....especially those from South Africa like the Xhosa's
BUY CRYPTO, be free!
The next BOOMs will be......1) when mainstream realization they have been lied to sinks in and 2) When someone makes fiat/crypto OTC available to the 3rd world and nations led by despots......
So I say........buy #BitCoin , #LiteCoin , #Monero , #DASH , #DigiByte , #Steem , #EOS and #PryvateCoin ....because Pryvate plan to add all those and others like ADA & #XZC into the Exchange (Fiat /crypto OTC & Trading) as well as the wallet (hot and cold) on their triple encrypted, hybrid-decentralized , point to point app.....and it has anti-blocking designed for use by people constrained by despots ......so besides ending govt snooping for all, the perfect secure comms, wallet and trading app for Venezuela, Zimbabwe, and Nth Korea.
Norway vs Scotand
The latter has 20% more oil and more extracted, whisky trade, video games including Grand Theft series and now MineCraft, Golf, DNA research and invented phone, TV, rubber tyres, radar etc etc....and the population is stagnant at 5.4 million up from 5.2 million in 1970 despite all the immigrants. It is also ruled by England so instead of the $1Trillion sovereign wealth fund Scotland has a share of Englands $3 trillion debt. Norwaw will be fine, Scotland is poor and fucked.