RE: African infrastructure development: Where does the money tree that pays for African infrastructure grow? Part 6 in a series
Thank you for this reply , The problem I have and I might be wrong with borrowing from the IMF or for that matter a country like China nothing is for free . My first guess is that they would need some sort of security in case we cant pay , and that will be state owned assets that makes a profit like Eskom ,Telkom and SAA :) for instance . And we are talking most probably Billion's of Dollars . If they cant pay they will take those profit making companies increase the cost of services to get there money back and the government will never be able to recover and that means we will be taxed to oblivion as we are now.I am not a profit of doom but I think this money printing since the last crash in 2008 is going to come to a bad end and many people is going to be hurt in this process of experimenting the global dept can not go on like this countries are starting to fall as they cant even service the interest on that debt. Thank heavens for Crypto...