And ALL GO NICE ! https://www.youtube.com/watch?v=crHp8eFnboM

So I did some minor research and could not find anything negative. Am I wrong?

Not nice. Zerohedge totally missed the point and fell flat on its ass in writing that story. What actually took place was almost certainly the biggest news for US business in the last few decades as 33 billion in initiatives were announced to support trade and investment with Africa.

The programs are wide ranging and include incentives for poverty relief, agriculture investments, technology transfers, energy and power builds, support for exports of US technology, infrastructure and telecom incentives and so much more.

The morons at ZH saw the negatives but missed what was clearly a major event. The regular media gave this scant coverage as well but if you are in business you had best pay attention. There is a competition going on right now between East and West for access to the worlds last major untapped resources. China holds the lead but they are not alone in working to engage with the many countries, governments and people on the continent.

Jobs and investment is now flowing into Africa from across the world in growing strength. Indian investors are here in force. Many European nations have a long history and ties with these nations from the past and are now working to expand their presence as Middle Eastern investors make big strides to capture a share of the opportunities.

But it is China above all that has established a foothold here and until now all other nations combined pale in comparison to the levels of capital inflows and direct investments they have made. The charity mold of the past has been broken and slowly everyone is waking up to the fact it is business, jobs and infrastructure development that really moves governments and people here.

Capital coming from China is currently estimated to be as high as 30 billion annually. The source is a mix of Chinese banks lending and credit combined with private investment and direct government spending and supports. The new two year, 33 billion dollar strategy of the US government seeks to address the lack of American participation here and expand their sphere of influence.

These efforts could not have come sooner. Ignore the dribble from Zerohedge. This is a big story that offers tremendous benefits for Africans and that simultaneously supports US jobs and business as it seeks to expand trade relationships while supporting development goals on the continent.

Doing Business in Africa Campaign Fact Sheet – White House, Office of the Press Secretary
http://www.whitehouse.gov/the-press-office/2014/08/05/fact-sheet-doing-business-africa-campaign

The Wise Old Owls and the Young One Speak?

GOD ! https://www.youtube.com/watch?v=7qsV_wKsCtk

Insane indeed, Big Al.

Regards,
genesys