Abe Offers $32 Billion to Africa as Japan Seeks Resources … Japanese Prime Minister Shinzo Abe pledged 3.2 trillion yen ($32 billion) to Africa as his government seeks to catch up with China in pursuing resources, markets and influence on the continent. Abe announced the five-year commitment of public and private support in a speech today at the Tokyo International Conference on African Development. – Bloomberg
Dominant Social Theme: Africa is rising. This is swell.
Free-Market Analysis: We've made a commitment to cover the Africa meme regularly because no one else in the alternative media is focusing on it clearly and because it illustrates how dominant social themes work in the modern era.
In both Japan and China, the West obviously made deals for these countries to buy US Treasuries, thus funding sovereign deficits. In return, Western consumers, especially US consumers were direct via various methodologies to purchase Japanese and Chinese goods.
The net result of these "swaps" was to further Westernize Japanese and Chinese cultures and to build meaningful interconnected private and public bridges between East and West.
Eventually, in Japan, central bank stimulation burned out the economy. The same thing is happening today in China, and thus a fresh target has been selected, in our view: Africa.
Around the world, the leaders of various nation states are traveling to Africa to buttress the various economies of that great continent. The arrival of Japan on the scene is merely the latest episode.
Search for Daily Bell articles on Africa and you will see what we mean. The activity being generated around various African countries is tremendous. Here's more from the article:
Officials from about 50 nations are attending the meeting, held every five years, which is the biggest African development event outside the continent since it began in 1993. Africa's economic growth is luring Japanese exporters, while the government wants to tap the natural gas and oil there after the 2011 Fukushima disaster led to the closing of Japan's nuclear plants.
Chinese firms helped fuel $138.6 billion in China-Africa trade in 2011, almost five times Japan's commerce with the continent, according to the Foreign Ministry, citing International Monetary Fund data. "China has become a far greater presence than Japan in Africa — it's overwhelming," said Kazuyoshi Aoki, a professor at Nihon University in Tokyo who specializes in African matters. "The difference lies in the level of determination. There's a different perception of Africa's importance."
In his speech, Abe outlined policies to encourage investment by Japanese companies and support advances in health, education and agriculture. Today's pledge compares with publicly funded assistance of about $9.2 billion from 2008-2012. Abe hasn't visited Africa since taking office in December, in contrast with Chinese President Xi Jinping, who stopped in Tanzania, the Congo Republic and South Africa in March as part of his first trip abroad less than a month into office.
While in Africa, Xi reiterated a pledge for $20 billion in loans over the next two years. China also paid for and built the African Union's $200 million headquarters in Addis Ababa, Ethiopia that opened last year. Most of Japan's purchases from Africa consist of metals and fuels, including 10 percent of last year's liquefied natural gas imports, according to Finance Ministry data compiled by Bloomberg.
The justification for this African development is resources. But as we have shown plenty of times, resources are available everywhere around the world. The world is resource-rich and thus resources are just an excuse for a larger globalist strategy of control.
Anyone who believes this expanding focus on Africa is just coincidence, please take note of the final graf of the excerpt presented above: "While in Africa, Xi reiterated a pledge for $20 billion in loans over the next two years. China also paid for and built the African Union's $200 million headquarters in Addis Ababa, Ethiopia that opened last year."
This is something else we have predicted … that the creation of an African Union (and an African central bank) is proceeding rapidly. If various leaders were approaching Africa on their own, it would not perhaps be a surprise.
But it seems to us that the putative, planned "African Miracle" is being planned by the same forces that recently reconfigured both Japan's and China's economies.
In fact, these do not represent the miracles of capitalism so much as an expansion of an ambitious globalist agenda to harmonize even the farthest reaches of the globe.
If we are correct, this will be one of the most important stories of the next few decades and a development of the utmost import for policy-makers and investors alike.