Tuesday, February 17, 2015

Where the real crime lies

No one wants to talk about it and no one will admit to it. But the continent that is rich­est in natural resources has the poorest inhabitants in the world. Why is that? They would have you believe Africans are the problem with Africa with bad governments and corrupt politicians. But that’s like trying to force bullying to go away by blaming the kids being bullied.

 For sure these problems exist but not without the propping up and the support of Western governments and European bankers. It is not Africans stealing money and having the money sent abroad. It is big business ably assisted by their local accomplices. 

The entities on the receiving end of this wind­fall should be the focus of these articles, not “poor Africans” living on the “poorest continent” but the crooked companies and the banks that facilitate the transfers of illicit cash. When the whistle blew on the HSBC fraud the United States IRS and the FBI demanded the names of all US tax evaders and the Swiss bank turned them over. Not only did it turn over the names, but the bank also had to pay billions of dollars in fines to the U.S. government. Not so in Africa. Every cent penny and euro that leaves stolen from the shores of Africa is absolutely traceable by every western bank and their government but is it happening? 

Instead they are excused by the complicity and behavior of the corruption of some African leaders. Instead, how the populist press love to stereotype. 170 million Nigerians who go from place to place scamming gullible people out of their hard-earned money. They can’t blame Western companies, big banks, and government agencies, can they? How would they generate their advertising revenue?

The wealthy will go on being happy to capitalise on Africa’s weaknesses, while pretending to be interested in solving its problems.

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