So is this a long term plan by China to get countries around the world in debt to them? If it is it’s working.
They are doing the same thing to the Afghani’s. Who, as we all know, continue to rob us blind and are now becoming puppets to the Chinese. However, it seems that there are looming signs that the Chinese are is as bad shape financially as any other place, they are just better at manipulating their currency and hiding all of it. It would appear they are destined for an epic collapse. A friend of mine was an MSG at the embassy in Beijing and traveled quite a bit, through China. Said, once you get out of the major cities, it was level of poverty that was hard to imagine.
On the other hand, once again the media wants to paint our President as the devil for a comment about Montenegro and it’s affiliation w/ NATO. And wouldn’t you know it, the guy is, RIGHT .... AGAIN !!! Imagine that.
This has allowed them to develop in ways that may not have been possible without access to China’s vast foreign exchange reserves. But some countries, such as Sri Lanka, Djibouti and Mongolia, have found themselves weighed down by debt and ever more reliant on Beijing’s largesse.
One of the key points in the article. China has used our trade imbalance to buy influence around the world within small and corrupt governments.
Some may see BRI as a new trade tool for China, I still see it as a military initiative that can double as infrastructure for economic benefits.
China needs a place to put their cash, other than empty apartment buildings in China. They also need employment for their people. So they are embarking on a road-building project.
Chinese loans are crack for poor countries.
China is planing long term, with endless goodwill infrastructure projects. All to support their manufacturing base.
The US with the corporate interests, running the politicians. Is based on short term profits and selling war goods. Obtaining oil, gas & mineral control.... The body count of one of these strategies is not going over well with much of the world. Very sad!
Might be the dumbest thing I have ever seen!