Saturday, March 5, 2011

Obiang's son is building a super luxury yacht

It is quite possible that the brazenness, stupidity, greed and arrogance of the son of an African despot would have gone unnoticed in South Africa today is not being heard anything that could become the straw that makes the glass overflow. It is also possible that the son of the despot who I mean, having already made their mark in this country, is a subject more interesting to the general public.

In 2006, Teodorin Obiang, son and possible successor to President of Equatorial Guinea, Teodoro Obiang, spent a great weekend in Cape Town. In a weekend got to spend ten million dollars, yes sir, ten million dollars. Bought one or two towers, a Bentley Arnage, a Lamborghini and a Bentley Continental second hand.

The large and extravagant party given in honor of politicians and sycophants to turn helped him to reach the sum mentioned without trying too hard. All this in a weekend. Besides being the son of the president, is Minister of Agriculture, with a monthly salary of $ 6,800. 70% of the population lives with a maximum of $ 60 per month.

In order to highlight even more in the world of oligarchs, is making Teodorín build a yacht that will cost an astronomical amount of $ 380 million. To put this number in perspective, needless to say that the combined annual budgets of Education and Health in Equatorial Guinea did not reach that amount.

This is just another example of the modus operandi of the oligarchies in Africa. Equatorial Guinea is the most prosperous country on the African continent thanks to its oil. However, the wealth is distributed among political leaders and families who form the elite of the country. What happens to that money? Money stolen is not used to improve the standard of living of the population.

They amassed fortunes through collusion with the leaders of some European countries end up in the coffers of their banks, the other accomplices who think only of profits. We hope that the winds of change are hitting North Africa accelerate its pace and soon reach the west.

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