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The PRC in Africa, S. America
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[QUOTE="JBS, post: 41889, member: 106"] They're in Morocco all over the place, Algeria, and Mauritania too. They keep a low profile, from what I've seen, but they work some very high powered deals. It's like the steel market, which I worked in. With steel, it is cheaper to produce a product in your factory, if you can get the steel from [B]scrap[/B] steel sources, and then remelt it- as opposed to buying steel billets from new steel- which is expensive. Of course the problem with recycling [B]scrap[/B] metal is that no one makes it on purpose, so you have to buy it wherever you find it- old rail lines, commercial equipment etc. Northwest Africa is loaded with old rail lines, and thus a good source of steel for recycling purposes. So a few years ago, the Chinese and the Indians launched an ingenious initiative, and bought up all the major steel sources around this part of the world BY CONTRACT, meaning much of the steel is still in exactly the same spot on the ground as it was to begin with- but it belongs to the Chinese and India. Those same clever businessmen that spearheaded this scrap steel purchasing process for the Chinese and Indian government then turned around and made fresh SALES contracts with companies in the USA and Europe. All the while, the scrap metal was still in the ground in Africa, but was spoken for. Now, USA companies are buying the steel from those exact same locations, and importing it- but at the controlled prices locked in by the Chinese and Indian government buyers who nabbed it all a few years ago. And, instead of buying it for the original low price directly from Africa, they're buying it from the Chinese owners, who have never even SEEN the material, and at the price they dictate. They bought it from China, and they control the deal from China. And, since they had no intention of buying and importing it all themselves, the Chinese only needed to post a tiny percentage of the price, in the form of bank guarantees ( "I promise to buy all this steel, and here's the money for the first shipment"). The intent all along was to merely secure the RIGHTS to the steel, and then resell it to other steel companies around the world for enormous profits. Needless to say, because they control all the stocks of it (or at least major depots, globally to the tune of billions of dollars worth) they can charge what they want. Scrap steel has gone up over 150% in 3 years thanks to them. They've basically leveraged the market completely, and if you want major shipments of scrap steel for recycling, you now have to probably buy it from either China or India- and they're only selling the lower grade stuff, since they funnel the higher quality stuff to their own mills. This is but one of many areas I've observed very clever moves where Indian and Chinese government- empowered by mandates from their own governments- have been given the authority to put such profitable plans into effect- with the end result being astronomical profits and revenue for the government they represent. Our government better wake the FUCK up and get our international imp-ex companies competetive, or else China and India are going to be owning natural resources around the world, and spoon feed it to us at the price they command. IMO, that's an economic intelligence/security issue, and I hope the right people are working on it. [/QUOTE]
How many letters are in "ShadowSpear?"
The PRC in Africa, S. America