Is this why China has shouldered up with Mugabe in Zimbawe?
Zimbawe has a lot of precious metals and diamonds. And a currency that is totally worthless.
Does China want to provide the asset based world currency?
Think about this.
But China itself is nearly depleted of many resources. That’s why they have to travel so far to find raw materials, and places like Zimbabwe are eager to accept their “help”.
All I know is that there is absolutely NOTHING that China does that is in America’s best interests, even though it is our consumption of their crap that keeps them alive.
China has also won multiple multi-billion $ contracts to extract minerals from Afghanistan.
And China does not care about “collateral damage” to enforce their rules.
Those who believe that "our" government's massive debt to China is a good thing, argue that anything China does with the US dollars they own that will eventually benefit us. For example, if they buy US goods, that's good for us.
But what if China buys raw materials, gems, and precious metals from severely impoverished nations like Zimbabwe. Zimbabwe could pay debts they owe to the USA, and if many 3rd world countries did the same that could cause inflation here. Or they could buy nukes or nuke materials, and I don't have to tell you what could happen in that case.