There are many people who are becoming very concerned about the currencies of African countries losing so much value against the US dollar and other Western currencies. The countries appear to be spiralling out of control.
Unfortunately this is just a sign of the times. The entire world is underpinned by the US dollar and because the US dollar is in trouble the smaller countries are feeling the pain first before the US dollar finally implodes. There is simply no way around it.
Make no mistake about it, although no missiles are flying, we are living in the midst of a global economic world war where the US is up against China, Russia and the other BRICS nations who are attempting to unseat the US dollar as the world reserve currency.
While this war is being fought, we can expect to experience anything between now and 2030 as the new world order takes shape. However, I believe that Africa is still one of the safest places to live and invest during these uncertain economic times.
The reason I say Africa is a safe place to invest is because the global elite who are shaking up the chess board are moving their wealth away from the West to the East with Asia being the primary beneficiary. However, Africa will be a secondary beneficiary since it is also part of the East. And you can already see lots of wealthy flood to African countries.
Also, the reason Africa will be a safer place to live during these uncertain economic times is because there is less urbanization throughout Africa which means that the people are more self-sufficient and less dependent on modernization and electricity. Therefore, they are less affected when the power grid goes down and their food supply is not centralized like you find throughout the West. Food is still grown relatively close to where it is eaten.
By contrast, the US has the highest urbanization rate in the world with less than 20% of its people living in rural areas. This creates a perfect storm if the system fails. If food cannot be delivered to grocery stores, the citizens have to alternative food source as most people do not farm anymore. So, just imagine a city such as New York with over 8 million residents who all depend on food being transported from long distances.
When you ride though US citifies you don’t see fruit trees growing like you see in so many places throughout Ghana. It is as though someone purposely made sure the people have to be dependent.
If you want to here more of my thoughts on this issue then check out my latest video at https://youtu.be/JLCt6gfKyR0 on The Eric McNeal Be FREE Show.
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To me, being FREE means that you’re Financially Independent, Responsible for Self, Enjoying Life, & Empowering Others. Over the past 25 years, I’ve built two multimillion dollar companies, consulted and worked with the world’s largest corporations, experienced many failures along the way, and repatriated from the US to Ghana, where I built an off grid self-sustainable home in the mountains. Join me as I share with you the good, the bad and the ugly of my entrepreneurial journey, my life journey and my African repatriation journey which all helped me to be FREE, and I show you how to do the same. Ooorahhh Uhuru! Now Be FREE.
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