by This is good, a top US official says that China is overloading the world with debt as it builds its new Silk Road and invests in those countries. Now that's rich, the West has been overloading the world in debt for decades through the IMF and the World Bank and plundering their economies through privatisation so that its elite can buy up everything in those countries. But China is investing in third world countries instead, helping them to build up their economies making them richer, which improves their markets for Chinese made goods.It's win, win, whereas the West preferred to extract all the resources out of these countries instead taking all the money and running off with it making the populations of these countries much poorer. The other way the Western elite have made a lot of money
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It's win, win, whereas the West preferred to extract all the resources out of these countries instead taking all the money and running off with it making the populations of these countries much poorer.
The other way the Western elite have made a lot of money is by bombing the rest of the world into submission which is good for investors in the military-industrial complex.
In this Summer Solution episode of the Keiser Report, Max and Stacy contrast the situation with China, a perhaps emerging superpower, to the United States, a possibly declining superpower. As the US grew powerful as an empire of debt, extracting resources and equity from economies colonized by their debt rather than their military armies, what happens when China begins doing the same? Lots of complaints from U.S. officials who want American lenders to take over debt markets the U.S. has overlooked in the past few decades. They look at the case of Africa where Chinese mobile phone manufacturers and tech entrepreneurs are radically altering the telecom landscape left wide open to them after the departure of Nokia. What happens when the African consumer becomes wealthy enough to transform the Chinese global power play?