Equatorial Guinea: Second richest country in the world

Discussion in 'Business & Economics' started by Jerry Jesus, Jan 19, 2006.

  1. Jerry Jesus Registered Member

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    Hi everybody, I'm new here. I thought I'd kick off the new year by telling everyone a rather interesting revelation.

    Behold the second richest country in the world:


    GDP - real growth rate: 18.6% (2005 est.)

    Purchasing power parity - $50,200 (2005 est.)

    http://www.cia.gov/cia/publications/factbook/geos/ek.html

    Whoa.................................I'm justy gonna pause for a moment.

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    This is equatorial guinea:

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    With such massive growth rates I wonder if it will look like this in 10 years:

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    WOW. This took me totally by surprise. Discuss.
     
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  3. spidergoat pubic diorama Valued Senior Member

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    That is interesting, but I bet there is still a huge gap between the rich and poor.
     
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  5. Hapsburg Hellenistic polytheist Valued Senior Member

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    McShit.
    Who's the first richest?
     
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  7. Huwy Secular Humanist Registered Senior Member

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    The fucking vatican city I imagine.
    With all their solid gold buildings and priceless art and artifacts all hidden away for no-one to see. Greedy catholics - do they think jesus would have hoarded all that gold?
     
  8. Clockwood You Forgot Poland Registered Senior Member

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    Ummm... yes?
    But he would have to walk over an awful lot of water to find the Aztecs and slaughter them.
     
  9. Jerry Jesus Registered Member

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    Close but no cigar huwy hehe, no pun intended for you avatar (if that indeed is a cigar). Its actually Luxembourg.

    Indeed there is. In this country, "the rich" are members of the presidential family, "the poor" is well,...everyody else.

    I say it needs a good ol'fashioned regime change. Send in about 500 troops, a couple tanks and some air support and that should get the job done. I would the the new government would be relatively benign and spread the oil wealth more evenly.
     
  10. spidergoat pubic diorama Valued Senior Member

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    Don't give Bush any ideas!

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  11. Clockwood You Forgot Poland Registered Senior Member

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    What are we waiting for? Lets hire some mercs and get ourselves a country.
     
  12. nirakar ( i ^ i ) Registered Senior Member

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    Equatorial Guinea seems to be a great example of why median income is aq much better statistic then average income. Per capita income is average income. Equatorial Guinea is still a impoverished country. Most people have no electricity, a short life expectancy, bad roads, no health care, and no money. The money is in the foreign bank accounts of those connected to the ruling president/dictator.
     
  13. nirakar ( i ^ i ) Registered Senior Member

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    Luxembourg is #1
     
  14. Xylene Valued Senior Member

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    Spread the oil wealth more evenly, you reckon--where, into the hands of Haliburton and Dickhead Cheney?
     
  15. Clockwood You Forgot Poland Registered Senior Member

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    Ah, more anti-American bias.
    But even such a thing as you suggest would be better for them than what they have now.

    Anyway, yo need not worry. We wouldn't touch the ass-end of Africa with a ten foot pole. Too much trouble.
     
  16. dixonmassey Valued Senior Member

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    You misuse the word "we". It gives an impression that you (and like you) have some say in foreign and other policies. Alas, the question "whose ass to touch with a ten foot pole" is out of your league.
     
  17. Clockwood You Forgot Poland Registered Senior Member

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    I know my country. Why do you think we never got involved in Sudan or Congo with all the genocide and humanitarian disasters going on over there? Too much trouble. Even Iraq is a thousand times more manageable than that hellhole continent. We would have to carpetbomb half the jungle or something just as nasty and that just doesn't look good.
     
  18. dixonmassey Valued Senior Member

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    Again, an abstraction with a name "country" doesn't decide a squat. Elite$ do (in 90 something % of the cases). Ratio gain/expenditure is not fixed in time even in Africa.
     
  19. nirakar ( i ^ i ) Registered Senior Member

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    "We" are involved in Africa. We backed the Uganda faction in the Congo war. "We" were involved in Angola. "We" have a 1500 person military base in Djibuti that also employs 500 Djibutians. The USA is everywhere. Our spooks and our tools the IMF and World Bank and US AID and the NED are everywhere.
     
  20. River Ape Valued Senior Member

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    I can't believe Luxembourg is richer than Monaco!
     
  21. QuarkMoon I Registered Senior Member

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    What the hell are you talking about? The U.S. is all over Africa, both politically and for humanitarian aid. You might want to try and pick up a newspaper every so often, perhaps even turn on your television.

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    The fact is Africa is ripe to become the most powerful and richest continent in the world. The oil, the minerals, the agriculture, they have so many natural resources, if they could stop the wars, corrupt regimes and all the genocide, they could rule the world. It's slowly moving forward, the younger generation of Africans are more open-minded, and a lot more educated. I think in the next 20 years you will see more and more African countries embrace democracy and become world players.
     
  22. Cottontop3000 Death Beckoned Registered Senior Member

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    FUCK YEAH!!
     
  23. PandaMetal Registered Member

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    Out of curiosity, do you correlate democracy with capitalism?
     

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