The South African economy certainly does not exist in
Isolation. Our economic fate and the strength of our currency are intimately
intertwined with the US dollar and the Euro. It’s much deeper even than that
due to the alignment with the practices of the US Federal Reserve and the South
African Reserve bank, the two are old chums that go back almost to their mutual
inception. Furthermore, most of Africa, Asia and South America have great
difficulty making World Bank and IMF loan repayments due to interest rates and
designer terms which often results in these Nations exchanging the debt for civil infrastructure
contracts and other positioning agreements designed to give controlling
influence over an emerging counties natural wealth and resources, a practice
which poses serious risk of keeping that country permanently economically
enslaved.
One Political party, UBUNTU, has recognised this and made its
main campaign focus for the next elections the issue of fundamental corruption
entrenched in South Africa’s financial institution and has some radical ideas
for reform.
It’s good to see that society is beginning to acknowledge the problem and it's really worth taking a
look at the UBUNTU website here: http://www.ubuntuparty.org.za/2014/05/only-banking-reform-can-save-south.html