The flip-side

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Gardian
China’s Xi lays out $900bn Silk Road vision amid claims of empire-building
Global leaders attend ‘Belt and Road’ infrastructure summit to praise plan Xi Jinping says will bring a new ‘golden age’ of globalisation

Boomblerg
China pledges $124 billion for new Silk Road as champion of globalization

The best of the articles –
NYT
Behind China’s $1 Trillion Plan to Shake Up the Economic Order

There were times, back in 2010 say … that I was in favor of this sort of idea … as long as it was an `International Affair`.
A Lyndon Laroche style build-out, was a way, to get the world off the idea that there is a constant shortage of money.

This Chinese venture looks like it is China who know `money grows on trees` but they are not going to give it away.
They are going to buy-up vast amounts of the East.
And, they are going to enslave in debt other vast amounts.

The Western world may have forgotten how it used to rule-the-world.
If they need a history lesson … they can watch China at work.

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Better red and dead

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  • amoeba

    Aah, but the West moved in and whacked’em, taxed’em, drugged’em, pillaged’em, enslaved’em and indebted’em.

    At least China is being civilised, everybody has the choice about signing the contracts and taking the loans. They will also profit from the trading routes and building up their own industries.

    Whether enslaved to a Chinese Bank or a Western Bank, it is the surely the wish of the peeps to have debts???? It is what they do best of all.

    China is also getting on with Trump, who has softened his stance now that China is discussing giving Western Banks and Credit Card companies access to the unsuspecting Chinese population. Lots of debts to be built up there.

    • CSArichardo

      That’s right let the western banks into China after the eastern banks have caught up or passed the west in loans issuance.

      That way we become one integrated big global banking system with the west having to bail out the east and maybe visa versa ?