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  • Fed hikes and a stronger US dollar are fueling risks of political instability in Africa

    From cnbc.com

    The U.S. Federal Reserve’s monetary policy tightening and a strengthening dollar are having a knock-on effect on African nations’ balance sheets and public debt burdens, according to a new report. In early November, the Fed implemented a fourth consecutive three-quarter point interest rate increase to take its short-term borrowing rate to its highest level since January 2008.Meanwhile, a combination of rate hikes, the war in Ukraine and fears of recession have driven the traditional “safe haven” greenback higher. Despite a recent tail-off since its peak in late September, the DXY U.S. dollar index is up more ... (full story)

Translation: the political instability in some African nations is caused by the US State Department when said African nations "do not want to play ball"
Quoting Mingary
Translation: the political instability in some African nations is caused by the US State Department when said African nations "do not want to play ball"
Obviously US of America needs to apologize to the rest of the world for being a strong and developed nation with such a strong economy. This is obviously a big pain in the ass for many people.
Shame on you America.

Oh wait… wasn’t it USA the country with the biggest financial, technological and know how aid to the developing African countries?
The problem is not the strong U.S. dollar but the fact that most of these countries are both politically and economically so fuckingly corrupted that instability is probably exactly what they need in order to reset and make a new start.

Just a rhetorical question: Why FED’s hikes and the strong U.S. dollar doesn’t create political instability in Europe, Australia, Canada, Japan, South Korea etc? ……… it’s because the corruption in these countries is so low that the FED’s hikes and the strong U.S. dollar is just a temporary inequality in the state of their financial operations and no one takes a personal advantage of this difference (except from the traders like us).
Start with 1000$. Increase by 3% every day. After one year 2 213 314$
You're so right about corruption down here, it's actually an understatement with what is really going on.
As a fellow African, corruption and doing business goes hand in hand.
The markets are like water it ebbs and flows.
Quoting Mingary
Translation: the political instability in some African nations is caused by the US State Department when said African nations "do not want to play ball"
Clandestine operations + natural corruption = (Bolt screw and a nut).
People will always understate operations by the US State Department....
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  • Posted: Dec 1, 2022 3:10am
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 5  /  Views: 1,330

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