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Lil’ Wayne aka Weezy F. Baby covers the October/November 2011 issue of “VIBE” Magazine where he dishes on everything from the Jay-Z “beef” to the London riots. See the highlights inside as well as a peek at one of birthday boy Weezy’s cakes….

Celebrating the phenomenal success of Tha Carter IV, Lil’ Wayne covers the latest issue of “VIBE” Magazine where he gives his opinion about Jay-Z, the London riots and whether he views his Young Money crew as rap competition. Here are some highlights….

On Older Rappers/Competition In The Game

“There’s no competition [with any artists]. Music isn’t about competition no more. All the gangster rappers are happy, all the skateboard rappers are happy, all the white rappers are happy… Everybody just happy to do music these days. There are no problems. That shit died a long time ago with them old-ass rappers. We are just making music, making money and having fun feeding our families. Competition is for the old guys.”

VIBE: You say competition is for the “old guys,” but it sounds like you’re going at Jay-Z with that line, “I got your baby money/Kidnap your bitch, get that how-much-you-love-your-lady money.” Are we looking at it the wrong way?

LIL WAYNE: I know for a fact, music is about perception. You can’t do anything but perceive what you hear. If I know that for a fact, I can never be upset about someone’s reaction to it. I’m not gonna say I don’t know what will happen before I say it [on record]. I do know what will happen. I am aware of it. It is what it is.

VIBE: So you knew the repercussions of going after Jay before anything even happened?

LIL WAYNE: Well, I’m a man. I believe as a man you should know that. Every man should know the repercussions and consequences behind whatever they do before they do it. And of course, I know there won’t be any repercussions behind what I did.

On Drake As Competition:

LIL WAYNE: I don’t look at it like that. Drake is my artist. If he wasn’t my artist, then yeah maybe. But that’s my artist. He’s not [just] a friend. We’re more than friends. It’s business. It would be impossible for it to be a competition. I mean, I’m the guy’s boss.

On The London Riots:

LIL WAYNE: All you could do is pray for the people that were dealing with the situation and hope for the best. As far as them blaming hip-hop, you can blame Jesus for things, so you can’t really fault anybody for blaming someone or something. All you can do is hope for the best.

Read more over at Vibe.

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