They knew what they were doing.

No one is surprised.

 

The Chinese always seduce countries with their 'generosity'.
With reasonable terms, nothing too odorous for the 3rd world.
Except not many of them can read Chinese small print.
The only thing that makes sense to me is this is nothing about loans, but a calculated plan (together with the Middle East) to finish off the USD and drag down any country that is dependent on the US.

 

The global economic recession, time to circle the wagons.

China had exponential growth, the US printed Trillions of USD's......

ANy country that cannot feed itself, or keep the lights on, or defend itself could be in rough shape.

 

Not to worry.
biden will send them our food and also raise the food stamp allotment here to accommodate those already getting free food.
Then there will be less food at higher prices for the people who actually work and pay taxes.

 

Will,

China admitted (non-publicly) their failure in both Hambantota Port, Sri Lanka and Gwadar, Pakistan.

I see the big catalist as being China no longs wants / needs Iranian oil and gas (via transhipment port of Gwadar, Pakistan since China does not trust future of Iran concurrent with well-priced availability of Russian oil and gas....thenks to the EU/US sanctions helping Ru (and thus China) make it all a windfall win-win-win situation.

 

I wonder who could’ve seen this coming??






Even Stevie Wonder could’ve!

 

China seems to be using economics as a weapon of war, and succeeding. They've been doing similarly in Latin America. It would seem that what they can't take through direct aggression, they're buying as loan sharks. China owns a great deal in the US as well, including agricultural land and food processing plants. I don't see the US propping up these poor countries though. Not unless there's a hefty political gain in it.

 

I don't see the US propping up these poor countries though. Not unless there's a hefty political gain in it.

You don't?

https://www.usnews.com/news/best-countries/articles/countries-that-receive-the-most-foreign-aid-from-the-u-s

 

What about Canada and America?

 

Obviously our answer to China's economic aggression is to open our borders to millions of illegals. Yeah, we'll show China.

 

China- you can pay us in resources.
Every country except us- OK
USA- what resources?

 

No doubt the USA is overextended these days but china is NO DIFFERENT:

If the entire thrid world tells china to pound sand what are they going to do? Invade 20 plus nations simultaniously? Not to mention many of these countries go through leaders/administrations faster than I do chewing gum and I have a hunch MANY of the new regimes are NOT going to honor "old deals" made by the ousted "oppressor" of the prior regime.

 

Interesting times indeed.

 

Like I said dozens of times, loan sharking, can't pay the vig, "F you pay me " . Where's Rigel ?

 

I've posted several times in various threads here the concerns I have with China's influence in East Africa. They built the SGR all the way from the Port of Mombasa, Kenya through Nairobi all the way to Entebbe, Uganda. They rebuilt the major "A" highways throughout the country. The majority with Chinese labor, not Kenyan or Ugandan.

 

I've posted several times ...the concerns I have with China's influence in East Africa. They built the SGR all the way... They rebuilt the major "A" highways throughout the country. The majority with Chinese labor...

Not to worry - All the overpasses & bridges are probably Chinese Concrete, too..

Just like 'General Chi' proposed all those years ago: The Secret Speech of General Chi Haotian We Are in a 'boiling the frog' state of war (non direct-Military-confrontation / long-game tactics, etc) with the CCP - it just hasn't reached 'terminal velocity'.. Yet. They Are 'carrying out' Many of the 'alt-war ideas' Chi, there, outlined / proposed (ie: Biowarfare, anyone?

Where's Bond when you need 'im, Oi.. Too bad it ain't 'that simple', eh?

.02
jd

 

King O sold an awful lot of T Bills to China..Its how he financed all the O Phones and other social program give-a-ways he was so fond of( see phones above🙄)along w Saudi Arabia( they hold so much of our paper its not conceivable by the average wage earner)
Brandon continued the trend and now a lot of those folks want/need their money…Thats why this debt ceiling thing has our ‘leaders’ so cranked up…we have to borrow more money to give them plus pay out all our other debts like Social Security and social programs🤦‍♂️
Get ready for a ride-you wont need spurs👀

 

China will tell these countries if you can not pay then we will take...

Your precious metals

Your sea ports for our military.

Your food and crops.

Your land for strategic military bases.

Whatever they need.

All this while Biden calls us a threat to this nation.

Sent from my SM-S906U using Tapatalk

 

Seems china will have its hands full

 

debt on an international scale doesn't work that way. the risk is that countries tell china to pound sand. and the last thing you are going to want to do if you are being threatened with a default is to give your debtor military leverage over you on your own soil.

 

China has an established military presence in Djibouti. It will become the launching point for an expanded Chinese presence in East Africa. Further, I've watched quite a few Chinese PLAAF flights in West Africa. Namely Sierra Leone and Ghana.

 

Don't worry, the IMF will 'help' thouse countries in need.

Outstanding IMF Credit Standing

Better question is: Is it better that they default now or just kick the can down the road and get into more debt by getting more loans, only to fall harder?

 

'In a lot of the world, the clock has hit midnight': China is calling in loans to dozens of countries from Pakistan to Kenya | Fortune

Keeping schools open, the lights on and even food on the table is being threatened by debt payments from the $1 trillion Belt and Road program.

fortune.com

I would say it's safe to assume that the world is headed in the wrong direction right now.

Interesting article.... and yes the world seems on the edge of an abyss.

 

Don't forget, it's not just African countries that rely on Chinese assistance - most Caribbean Island States now rely on and are beholden to China. When CCP builds bases
throughout the Caribbean, it will make 1962 Cuba look like a walk in Central Park.

Attack us? No, China needs our farmland. But they will, um, remind us who our Masters are.

 

F them , just don't pay them. They owe the US $20 trillion for the China flu and the damage it cost us.

 

WHERE IS RIGEL ? He basically told me I'm full of **** when i called him out on commie belt and road .

 

Unfortunately, Pakistan is one of the countries indebt it to China and about to default and they are a nuclear power.

China rolled over our debt.

But of course that won't be reported in the US media.

Where's Rigel ?

Everywhere and nowhere.

He basically told me I'm full of **** when i called him out on commie belt and road .

World Current/Event's Sitrep.

I really don't know what to say or how to put this. It appears that the World is approaching a precipice that we may not pull back from. Maybe we should call this a SB Service announcement. Ladies and Gentlemen the Coming Conflict with Russia and China along with a few Nations from the Disputed...

www.survivalistboards.com

 

Whatever is happening to us isn't because of China... this article is trying to make it seem that way, but I live here and I know exactly whose fault it is.

BTW I posted this on another thread:

Stability, Cooperation and Development

Facing the choppy water and headwinds, China and Pakistan have acted in tandem and in solidarity.

www.dawn.com

May 21st marks the 72nd anniversary of the establishment of diplomatic relations between the People’s Republic of China and the Islamic Republic of Pakistan. It is high time to celebrate. A thousand-mile journey begins with the very first step. Nurtured by successive generations of leadership of our two great nations ever since 1951, the China-Pakistani relationship has grown into a time-tested, long-standing and all-weather strategic cooperative partnership.

 

I could tell planes were landing and taking off at our airbases at a furious rate. Every few days, over a million doses arrived.

We had one of the lowest death rates of Covid.

India, next door, had the highest... because they kept waiting for the Pfizer/Moderna vaccine which arrived a lot later. 5 million killed (unofficially it was more like 10 million).

I kept seeing these huge planes all over the sky bringing in vaccines every day.

 

I just read half of the article and scanned through the second half. It sounds like a real disaster.

I don't know if it could lead to war somehow. But it's creepy to think there could be all these countries around the world on the verge of ruin, and people sort of didn't notice it.

Remember the horror movie The Cube?

Like what if there could be a horror that was just the result of bad planning, or even lack of planning?

 

It sounds like a real disaster.......all these countries around the world on the verge of ruin, and people sort of didn't notice it.

This article is popping up everywhere and was timed to appear when the G7 thing was happening.

It is deliberately trying to evoke a sense of anxiety and foreboding.

Pffft.

 

China Tells Tech Manufacturers: Stop Using US-Made Micron Chips

US, Europe and Japan are reducing Chinese access to chipmaking and other technology they say might be used in weapons

www.voanews.com

 

The ‘rift is there’: China vs. the world on global debt

As more countries start to default on their debt, China is refusing to forgive its loans — creating new tension with the U.S. and its allies.

www.politico.com

In short, G-7 started forgiving loans only after decades of taking advantage of borrowers, but they want China to do the same immediately.

What did G-7 do for decades? They promoted structural adjustment: they required borrowers to de-industrialize and look for faster ways to make money, cut public spending, and increase taxes, so that they would have budget surpluses and prove to creditors that they're credit-worthy, and with that can borrow more money.

The result was continued low economic growth and poverty. That's what happened to countries like the Philippines. In addition, if borrowers had regimes that were friendly to the U.S., then they could borrow more, if not receive combinations of military and financial aid.

In short, what G-7 did, if not the U.S., was weaponize not only loans but even aid. The point wasn't to pay back loans but to have strings attached to loans so that borrowers would be permanently reliant on lenders, which is what the U.S. prefers because the only thing it can do is produce more dollars, as its economic relies essentially on continuous debt creation and spending.

What China is doing is similar to that of commercial banks: require collateral, lend, and call them in.

The ‘rift is there’: China vs. the world on global debt

As more countries start to default on their debt, China is refusing to forgive its loans — creating new tension with the U.S. and its allies.

www.politico.com

In short, G-7 started forgiving loans only after decades of taking advantage of borrowers, but they want China to do the same immediately.

What did G-7 do for decades? They promoted structural adjustment: they required borrowers to de-industrialize and look for faster ways to make money, cut public spending, and increase taxes, so that they would have budget surpluses and prove to creditors that they're credit-worthy, and with that can borrow more money.

The result was continued low economic growth and poverty. That's what happened to countries like the Philippines. In addition, if borrowers had regimes that were friendly to the U.S., then they could borrow more, if not receive combinations of military and financial aid.

In short, what G-7 did, if not the U.S., was weaponize not only loans but even aid. The point wasn't to pay back loans but to have strings attached to loans so that borrowers would be permanently reliant on lenders, which is what the U.S. prefers because the only thing it can do is produce more dollars, as its economic relies essentially on continuous debt creation and spending.

What China is doing is similar to that of commercial banks: require collateral, lend, and call them in.

 

Raify,

A sidebar type of footnote to this;

G7 Italy is a One Belt/Road partner since 2019.

Besides the themes of financial packages with strings attached, economic alliances such as G7 have been "slightly" changed.