And, social security is $1.75 per day; 75% of the rural population is un-employed, “standing in the welfare lines… waiting for the armies of salvation…” as Tracy sang; predatory capitalism and man-made artificially created poverty is alive and well in the 21st century; it is our sacred duty to stand up against an unjust financial system and unjust laws; in peace
Source: Sovereign Man
Shocking. Astonishing. Jaw dropping.
There’s just no other way to describe how cheap South Africa is right now.
Between the worldwide decline in commodities prices, and a major crisis of confidence in the national government here, the local currency (South African rand) remains at the lowest level it’s been… ever.
And that’s made nearly EVERYTHING here dirt cheap if you’re spending foreign currency… especially US dollars.
Just doing something simple like eating out at a restaurant or going to the grocery store can be startling.
Once you do the math and convert the prices back to US dollars, it almost seems like you’re missing a zero.
This also carries over into many asset prices, including certain areas in the property market.
Here in Johannesburg, I saw an amazing home for sale in one of the nicest, upscale neighborhoods with an asking price of about $515,000 US dollars.
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