Oh my, China is lending other countries money. The horror.
Funny, I don't recall the concern for the NATO west acting as the loan shark to the developing world. Westerners are
in no position to moralize about Chinese loans. As it stands now, they are a better option for the developing world
and this explains why the western loan sharks are worried.
Kvs have to disagree
I agree that at least China is doing something by helping to develop their economies as compared to the West but China is simply using the same methods the US has been using for years, but they're not supplementing the program with military action. That's much smarter, because now you own the country that you've helped without killing 25% of the population, which in the case of the US who does kill them and sets them back much farther, owns a country full of people that will hate the US for generations.
China is indebting in specific geostrategic locations, whether its for ports in Kenya, or rare earth metals like Tantalum in the Congo. Zambia will officially be China's first colony in Africa. The dumb rotten, corrupt and short-sighted Zambians took all the Chinese bribes on offer, thinking a day of reckoning will never arrive.
owing money to corrupt Chinese government is as bad as owing to the nefarious brit.. or the scumbag amercan governments...not to mention the cockroaches at the IMF and World Bank
The US started their strategy of economic domination with the same or similar narrative and process (mutual benefit) that the Chinese use today. However, whether part of the plan or not...power will corrupt, and the noose of domination and control will tighten around the neck of those countries that become dependent. With dependency comes control and when that control is challenged....unleash the dogs of war.
I don't understand why all countries in the world simply don't issue their currencies interest free? It is the best solution. The US before the American Revolution issued Colonial Script and during during the Civil War they issued the interest free Greenback. A country can finance its infrastructure and other needs without borrowing from the IMF, World Bank or even China. The colonial US, Lincoln's America and Nazi Germany are good examples of this.
To see the effect of debt-free currency, We can use examples in history to illustrate the point.
1. * The Saracen Empire forbade interest on money 1,000 years ago, and its wealth outshone Saxon Europe.
2. * Mandarin China issued its own money, interest and debt-free. Historians and collectors of art today consider those centuries to China's greatest time of wealth, culture and peace.
3. * The American Colonies issued Colonial Script, and Ben Franklin explained to the English that this was the key to the prosperity Colonies.
4. * Abraham Lincoln did it in 1863 to finance and win the Civil War.
5. * Germany issued debt-free and interest-free money from 1935 and on, accounting for its startling rise from the depression to a World power in 5 years.
Germany financed its entire government and war operation from 1935 to 1945 without gold and without debt, and it took nearly the whole Capitalist and Communist world to destroy the German power
Was this the real cause of World War II?
Did the International Bankers have to destroy the
Government of Germany because it issued debt and interest free money just like Lincoln did?