/biz/ - Business & Finance

I made a post like this a few weeks ago (before they were in official recession) and got only a few coherent responses since people here can't seem to get it through their heads that when coin bubble burst last winter, it was the biggest in 400+ years and those prices aren't coming back. Time to stop wasting time mining for shit that isn't even covering the electric it costs anymore.

Anyway, for serious financialfags here, where do you see the South African economy going? Looking at Cape Town Real estate, huge, waterfront 6 bedroom mansions with views of the mountains and ocean are going for the equivalent of Us 1 $850k so apparently nowhere good. But the question is, how fast will the negroes slaughter the goose that has been laying the golden eggs?

I've made a decent amount of money already off the Rand, which I don't feel good about (profiting off the misery of others) but if it weren't me, would have been one of the long-nose crew. It's currently at about ~14.3 to $1. When the farm seizures begin in earnest as the elections grow nearer and EFF already showing massive support, you can bet the ANC is going to go for broke in terms of seizing white's farms.

I think anyone who knows anything about Southern African already knows it's going to be Zimbabwe 2.0, but the question is how soon? Asa always, you look into Malema's EFF funding, and like looking under a rock after the rain to find a slug, you'll find Jewish money. But I think it's even bigger. The chinese already have most of the continent, why wouldn't they want the richest piece of the pie?