By Afrika Revolt: THE WEST’S MULTINATIONAL COMPANIES LOOTING AFRIKA: $ 1.5 TRILLION/YEAR. Africa has been and is still the “vitamin” of the West. How irony is that to see the Western countries always depicting Africa as “ the dark continent”, or the “Third World” ,or “underdeveloped” but they don’t want to leave alone the African people and their lands? After the transatlantic slavery where the Western countries ( Portugal, France, England, Netherlands, and Spain) had committed the most despicable crime never recorded by human being: the enslavement of African people by bringing them to America to work for free-labor, and without counting the immensity of resources of African going along with, come the colonization period. The same trend is continuing today. The sons and daughters of the same people from these 5 leading slavery countries are now running the same multinationals which have been built up on slavery. As we all know: blood causes blood. Their forefathers have done it by enslaving the African people and looting their resources 4 hundreds years ago and the same process is continuing today but in different and sneaking form. Africa still remaining la vache au lait of the West. Do you know that today there is an illicit transfer of funds from Africa to the Western countries in particular US,Canada, France, England, Switzerland,Belgium,Netherlands,and others that could amount to a staggering $ 1.7 trillion/year? This is just the “official” number.It can be more than. So, every year,the “ Black”/ African people who are been told the Caucasian/ European people that they are “poor”, see their own money flip away from them every year and going to the hands of these so-called “rich” people. Who are behind this siphoning of vast amount of money of African people? Answer: the Western countries’ multinational companies involved for the most part in agro-industry in the cocoa,coffee,palm oil, tea,etc, and the oil and mineral companies. We are seeing those West’s multinational gang companies being responsible for the wholesale vacuuming of Africa’s immense resources and this cause a terrible affect on the lives of African people with high unemployment rate, negative impact of the life expectancy, women and children mortality, because they are losing money.The money that supposed to be used to build hospitals, factories, universities,businesses,stores,etc which are all vital for the wellbeing of African people. As one friend was telling: “ don’t and never believe everything the “White”man tells you because he is by nature a liar and a criminal.”… Ummm, my friend was right. So, all those pious statements about social responsibility ( help the community where they are operating/stealing the resources) based on morality made by the West’s multinational companies run again by the great children of the African enslavers are just to amuse the gallery, to distract people. There are main culprits in Africa that are “victims” of the massive drain of African’s resources: West and Central African regions. These two regions count for the large chunk of illicit flows out of Africa of about 51% by the West’s multinational corporations. When you look at these regions of Africa, that’s where most of oil, mineral, and foodstuffs are located. By taking individual countries, we have Nigeria leading this trend bottom 10 hall/ “star of shame when it comes to the cumulative illicit of transfers of over $ 300 billions mostly in the oil sectors. Nigeria is followed by Egypt: $ 120 billions, South Africa: $90 billions, Morocco: $40 billions,Angola: $ 37 billions, Algeria: $ 35.3 billions, Cote d’Ivoire: $ 35 billions, Sudan/South Sudan( no wonder why they forced them to split from Sudan): $17 billions, Ethiopia : $ 16.5 billions, and Republic “Democratic” of Congo: $ 16.3 billions. The most popular method of illicit transfers is through trade mispricing which involve both local companies or “franchises and West’s multinational companies. The multinationals with their global presence and amount of money get through looting African regions and others,are the main perpetrators in this deal. Along with the trade mispricing, these Western countries multinational companies in their looting of Africa, use also the tactic of damaging practice of tax avoidance and evasion by pretty much laundering commercial transfer of money to their banks in AmeriKKKa,Canada,France,UK,Belgium,Switzerland,etc. Their shameful activities on the detrimental of Africa is to shift money beyond the reach of the African authorities. That denies Africa to put the money back to develop Africa. It will take the African people,the conscious ones to stop the Wests thievery. They have to work close by to bring some remedies to this African bleeding and demand the West to return the STOLEN CASH back to their Motherland where it belongs.
Posted on: Fri, 22 Aug 2014 20:40:13 +0000