The World's Poorest Continent May Not Have Food, But It Is About To Have A Monorail

Tyler Durden's picture

It is a well-known fact that the primary driver of China's hollow if scorching (and now slowing) growth over the past decade was an unprecedented surge in fixed investment - a surge so strong it has led to the proliferation of ghost cities across the mainland, and even the Beijing politburo is getting concerned that the epic overcapacity, which incidentally does not pay any cashflows even though it is funded by debt, will lead to an even more epic non-performing loan bust, hence the attempts to slow down Chinese "growth."

However, so far China has been unable to boost either consumption or its middle class to offset the capex expansion momentum, with the bulk of accumulated wealth going to the oligarchy at the very top of social strata (which has been doing its patriotic duty of buying up real estate... in London and New York) while the poor get even poorer.

So what is China to do? Why continue spending tens of billions on fixed investment.... In Africa.

We have shown previously that when it comes to "frontier markets" nobody has been as successful at exploiting Africa, as China. It was in August 2012 when we first showed how China quietly took over Africa.

Since then, Chinese penetration in Africa has merely accelerated and appears to have culminated with the news that China will extend over $12 billion in "aid" to Africa.

Not only that, but very soon the world's most impoverished continent may not have food, but it will have... a monorail.

Reuters reports that Chinese Premier Li Keqiang unveiled extra aid for Africa totalling at least $12 billion on Monday, and offered to share advance technology with the continent to help with development of high-speed rail, state news agency Xinhua reported. Li pledged the additional funding in a speech at the Organisation of African Union headquarters in the Ethiopian capital, Addis Ababa, which also doubles as one of the world's poorest countries.

So as the US increases its inventory of drones in such strategic places as Congo and the Central African republic, China will instead go the peaceful route and its increase credit lines to Africa by $10 billion and will boost the China-Africa Development Fund by $2 billion, bringing it to a total of $5 billion, Xinhua said. It provided no details of the timeframe.

And the piece de resistance: Li "depicted a dream that all African capitals are connected with high-speed rail, so as to boost pan-African communication and development," the report said. As China has advanced technologies in this area, Li said China was ready to work with Africa "to make this dream come true".

Because all the up and coming generation of debt slaves to the world's most capitalist country now needs is not food, but fast train connections.

It is Li's first visit to Africa since he became premier last year, and follows on from a trip to the continent by President Xi Jinping in March 2013, when he renewed an offer of $20 billion in loans to Africa between 2013 and 2015.

 

It was unclear if the aid announced by Li is already included in that figure or if this is new funding.

 

Chinese officials said last week that Li's trip, which also takes in oil-rich Nigeria and Angola, would not simply be for energy deals and Beijing will be seeking to help boost African living standards.

Some see right through this attempt by China to kill two birds with one stone - to find a new place where to allocate "fixed investment", and in the process, to soak up as much natural resources as possible before the restless natives pull a South African gold mine and go on strike:

Trips by Chinese leaders to Africa are often marked by big natural resource deals, triggering criticism from some quarters that China is only interested in the continent's mineral and energy wealth. Africans broadly see China as a healthy counterbalance to Western influence but, as ties mature, there are growing calls from policymakers and economists for more balanced trade relations.

Too late. The Second Berlin Conference took place years ago and Africa has already been divided: sadly for the US, it is China that is now in control of this resource-rich continent, which may not have enough food for everyone but at least it is about to have a monorail.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
THX 1178's picture

A monorail on Antarctica?

TruthInSunshine's picture

A high speed monorail through Ethiopia, Sudan, etc., where vendors will hawk delicious mud pies at each stop.

Canadian Dirtlump's picture

Matches the mud hut.

 

and various child armies, lawless warlords and of course CIA representative terrorists could polish their aim skills on with the likes of TOW and Stringer missiles.

StacksOnStacks's picture

Yeah, but try to keep them from stealing the rails.

Headbanger's picture

That's why it's a MONO-rail.

But I think the U.S. should do one better and build one across Greenland.

Or Detroit for that matter.  Same uselessness

Looney's picture

Mr. Li should’ve offered them a few million Pogo Sticks instead. Is it racisss? ;-)

Looney

pods's picture

Gotta be a joke.  Just read about the 300 or so girls kidnapped to be sold into slavery. How charming.

Africa has always been a shithole and always will be one.  

pods

 

Tinky's picture

Why, exactly, do you imagine that it is so awful? Couldn't have had anything to do with Western imperialism, could it?

pods's picture

The west has always had a hand in how bad Africa is.  Same as SA.

You cannot remove responsibility of how bad off Africa is from Africans though.

If it was the West's influence entirely, where was the last incident of 300 girls being kidnapped from a school to be sold and married off?  If the west is responsible for this surely it comes out of our culture?

pods

Frank N. Beans's picture

guys, Africans were enslaving Africans a long time ago and if it had anything to do with the "West," it was merely somewhere to sell them to. 

 

macholatte's picture

 

and which "West" are you talking about?

How about beginnig with Europe?  The Dutch, the Brits, the Spanish, Italians and the French were in Africa long before the western hemisphere was exploited.... by them.

BTW: Cecil Rhodes tries the railroad thing and failed.

Zerozen's picture

You've got it backwards

New World was settled and colonized from the 1500s through the early 1800s, when the process of white-ification was essentially completed.

Africa was still an unexplored, unknown continent to Europeans as late as the 1860s. Major battles of colonization were still happening in the late 1800s, the kind of battles that the Spaniards already fought in Mexico/Peru 300 years previously. Europeans were in black Africa as conquerors for much shorter, much later, and with a much lighter touch than in the western hemisphere.

macholatte's picture

thanks for the heads-up in a polite and adult manner

 

However, I'm not entirely backwards on this.

Again, which "West" are people talking about?  Did anybody from the western hemisphere get involved in Africa very much before 1900?  Why are people so timid when it comes to pointing a finger at Europe?

 

 

https://en.wikipedia.org/wiki/Colonisation_of_Africa

 

Between the 1870s and 1900, Africa faced European imperialist aggression, diplomatic pressures, military invasions, and eventual conquest and colonization. At the same time, African societies put up various forms of resistance against the attempt to colonize their countries and impose foreign domination. By the early twentieth century, however, much of Africa, except Ethiopia and Liberia, had been colonized by European powers.

The European imperialist push into Africa was motivated by three main factors, economic, political, and social. It developed in the nineteenth century following the collapse of the profitability of the slave trade, its abolition and suppression, as well as the expansion of the European capitalist Industrial Revolution. The imperatives of capitalist industrialization—including the demand for assured sources of raw materials, the search for guaranteed markets and profitable investment outlets—spurred the European scramble and the partition and eventual conquest of Africa. Thus the primary motivation for European intrusion was economic.

http://exhibitions.nypl.org/africanaage/essay-colonization-of-africa.html

 

there's more (the internet is a wonderful thing)

http://www.bing.com/search?q=who+colonized+africa&qs=n&form=QBRE&pq=who+...

 

 

Mad_max's picture

.....RACISSSSS!!!!!!!!......

Seriously, the African are still enslaving each other. F*ck em.

LFMayor's picture

Yeah, keepin the peoples down an shit. 

And here when they were just getting ready to break out and turn de continent aroun!

walküre's picture

The "West" was still the best thing that ever happened to Africa. The West's worst failures in Africa are still a shining beacon of sunshine when compared to their own thugs.

Same as Chinese or Indian slave labor and Chinese or Indian slave trade, human trafficking. It's in their culture, their blood to exploit their fellow man.

I'm sick and tired of reading about "Western" imperialism. What a crock of shit

Chuck Walla's picture

When the Colonialists ran out of gas, it was the setting of those artificial borders, regardless of history and tribal tradition, that has done so much damage. Why the dumb asses don't sit down and re-set things in a rational way would help stop a lot of killing.  

 

Then, if the world would stop swooning every time the Africans dragged out big eyed children with rice belly to extort aid, some progress might get made. Africa has treated the infrastructure left to them just like Coleman Young did in Detroit.

 

FORWARD THE CULTURAL REVOLUTION!

Tinky's picture

What's the point of that straw man? Did anyone remotely suggest that the West was responsible for all of Africa's problems?

pods's picture

The point is that whenever something terrible in Africa happens, the immediate reaction is to blame The West for their exploits.

True you didn't say the west was solely responsible for all of Africa's problems, but you sure intimated that it was the cause, with the snarky sarcasm for emphasis.

You asked me why I imagined it to be so awful, so I gave you a current example, and asked you to show me where this was rooted in Western culture or even remotely Western.

Not seeing how that is a strawman Tinky? Simple question and answer, especially since I had already said why it was a shithole with my original example which you replied to.

pods

thamnosma's picture

It was a shithole long before the first European showed up.  Who the fuck do you think sold them the slaves in the first place?

Tinky's picture

The ignorance displayed on this sub-thread is breathtaking.

SAT 800's picture

Your ignorance in imagining, per your post, that "Western Imperialism" is responsible for the shithole in being that is Africa, when the actual problem is IQ 75, average, and a primitive tribal mentality, and huge overpopulation; is not exactly breathtaking, but it does show that you've succumbed passively to the liberal propaganda barage about "negro equality".

Zerozen's picture

As someone who grew up in an African country that is 80%+ black and lived it day in day out for the better part of 2 decades, I can attest to everything you've stated in your post.

Mad_max's picture

erm...I call bulsh*t.

 

The average IQ is actually 70 in sub Saharan Africa. Get your facts right.

sleigher's picture

The dark continent.  I don't mean the skin color either.

CrashisOptimistic's picture

It's a shithole with oil.

Nothing else matters.

Oh regional Indian's picture

Oh goodness, the chuckles in this time of madness will never end it seems.

Next up, a chain of ice-cream stands in the Kalahari....

Bangalore is testement to the sheer ugliness of mis-applied technology with it's own elevated train....ugly, just stabben onto the city with minimal planning....took them 10 years to lay 4 kilometers.

Hardly any use to any one at all.

But they hold drum jams at the rail stations (all two of them)....

ori

http://aadivaahan.wordpress.com/2010/07/13/whither-india/

Jonas Parker's picture

I wonder how much the US taxpayer will have to pay for this boondoggle?

tarsubil's picture

That would make more sense. Billions on a monorail in Africa. The world is insane.

Canadian Dirtlump's picture

I would peg it the A.I.D.S. mobile but yours has a nice ring to it as well.

 

Either way, I have a co worker who came back from angola to report chinese everywhere. Say what one will but their numerous projects seem alot less predatory and parastitic than the ones the round eyes tend to prosecute.

LawsofPhysics's picture

for now, yes.  I'll be impressed when I see asians actually hiring any other race other than more asians.

Africa is still very tribal, I wonder how the "Thank you for selling your resources to us and working all the shit jobs to rebuild, now get out." is going to fly?

ParkAveFlasher's picture

Didn't the Chinese build the Transcontinental Railroad in the 19th century?  History rhymes!

LawsofPhysics's picture

Yes, but in this case it will be the Africans doing the actual building.  I think that's the point.

Matt's picture

What makes you think the locals will be used to build railroads? Maybe some initial land-clearing, but I suspect a large amount of the actual construction will be Chinese labour. 

If America and China really are now about the same size economies, and America spends, what, $500 billion per year on the MIC? I think China spending even $100 billion per year on infrastructure in Africa, no matter how wasteful, is resources better allocated then missles and drones blowing up weddings and funerals.

SAT 800's picture

I'm glad you like it since it's your money; extracted from your country by Bill Clinton by the "most favored nation" trade status act he signed that gave all our jobs and money to China in order to increase the profits of the corporations.

LawsofPhysics's picture

And what will the "natives" be doing then?  If they are not brought into the economy, it doesn't work, period.

Matt's picture

Lots of low level labour jobs; forestry, roads, farming, mining, building housing and other facilities for themselves. Not anything mission critical, like building mag-lev elevated rails, operating heavy machinery, etc. 

SAT 800's picture

And the Chinese collecting the fares; the rest of the point. they make good Capitalists. Excellent, actually.

Winston of Oceania's picture

I wonder if they will become cow-coms while settling their own West???

MillionDollarBoner_'s picture

What you miss is this.

China had a "society", a "community", a "culture"; 3,000 years ago, when Europeans were still running around in animal skins with their bollox hanging out, wode tattoos by the dozen, chucking spears at one another.

At that point, Modern America was non-existent.

So who do you think will win out in this Battle of the Cultures?

The wheels of history grind slowly, but awfully fine... 

Matt's picture

China will probably do what it did each time it was on the cusp of being a world power, and collapse into warring states. There is evidence the Chinese reached the West Coast of North America and traded with the natives before Columbus made it to the Caribbean. Then they decided to just splinter apart and spend all their time fighting each other, luckily for us.

Winston of Oceania's picture

Current cultures are as different as night and day, they have little in common with their ancestors and know LESS of their history.

pods's picture

Maybe the Chinese are scoping out another bathtub as they seem to have pissed in theirs and dead pigs seem to keep showing up.

pods

Zerozen's picture

If you believe in any kind of Darwinian model of the world - the best adapted/strongest ultimately prosper at the expense of the weak - then what you're proposing should be inevitable. Africans are incapable of competing with anyone in that sense, sooner or later some foreigner will do to them what Westerners did in the New World...wholesale takeover, settling in, obliteration of the natives.

Unlike American Indians though Africa has one thing going for it in the competitive sense, and that's sky-high reproduction rates. At current rates the population of black Africa doubles every thirty years or so, and there are already 1+ billion of them. Wrap your head around that kind of compound growth.

Mad_max's picture

"Africa has one thing going for it in the competitive sense,  and that's sky-high reproduction rates." - and aids, don't forget the aids, and Malaria, Tetse flies, sleeping sickness, ebola etc etc.

No one else can live in half the hell hole other than Africans due to their superior immune systems.

walküre's picture

Yup
Chinese are building in Angola what Chinese are good at building best

GHOST TOWNS

Matt's picture

Naw, 20 million Chinese men need wives. Why not set them up with lifelong employment building a monorail project, get them maried to a local girl, and set them up with a mortgage and a house, and enough credit so they never get out of debt?

walküre's picture

Liberal dreamer. Chinese won't marry black women just to preserve their people.

Matt's picture

Not right off the bat, sitting at home in mainland China. Send them to Africa, 20 million men, no women, and I bet within 5 years, you'll have 7 out of 10 married to locals, 2 gay and 1 celibate.