China is going to foreclose on Kenya and then colonize it.
Can’t wait to see what they do to the USA when we start giving more money to the lenders (like China) than we do to the Department of Defense.
Let them fight.
Don’t we owe china alot of money?
Maybe he can step in a save the port for his home country.
POS fake liberal but real commie.
The Africans will love them for this.
The Chicoms have never been benevolent to anyone about anything.
Step 1: African nation takes out a Chinese loan.
Step 2: African nation defaults on the loan.
Step 3: China seizes the collateral on the loan.
Step 4: Populist leader takes power, throws China the hell out.
Including the Panama Canal, just how many ports does China control outside of the mainland? Does any one know?
Mombasa Port
Beijing, of course, is denying it. But that was a couple days ago. And its only argument begs the question. China insists that the project, out there in deepest Kenya, will indeed make money, effectively suggesting that it won’t need to expropriate the port. It doesn’t say what will happen if the project doesn’t make money, which is what Moody’s is focusing on.
That follows a recent report from the New York Times, that China has gotten Ecuador so in hock to it, through a big dam infrastructure project, that it will never be able to repay its debts. What’s more, it won’t get much of a dam, either, given the still-unfinished dam’s 6,000-plus cracks and the inevitability of a nearby volcano going off, which ought to junk it for good. But the Chinese debts for Ecuador shall stand eternal, and that’s going to keep the country underdeveloped. We noted the same sort of Chinese debt collection going on in hellhole Venezuela, which wrecked its oil industry through socialism and then took Chinese loans to keep it going. Like Ecuador, Venezuela can’t pay, but that doesn’t mean it’s not time to pay the piper. And don’t forget that illegal immigrant-exporting El Salvador has pulled the same stunt with China, throwing it in our faces. I wrote about that here.
All that embracing of China (and cheerleading from leftists in the West) seems to be turning into a nightmare for nations dumb enough to embrace the smiling dragon.
Now Kenya is about to lose its most important and strategic port, no small thing given that Africa’s linear coastline means very few ports.
China likes that sort of thing - getting a nation in hock, building junk infrastructure, and then taking over the good stuff, and that’s for strategic reasons. Already, it’s forcing in-hock Pakistan to allow its foothold there to turn into military purposes, once again, because Pakistan can’t pay its debts. The New York Times has an excellent article and infographic map of the whole thing.
The Times reports that seventy countries have embraced China and its loans through its “one belt, one road,” trillion-dollar infrastructure loan program, meaning there are a heckuva lot of countries that are in hock and now can’t repay - and that will see major parts of their infrastructures taken over to pay debts. The Washington Post names Laos, Burma, Cambodia, Sri Lanka, Montenegro, as all trapped now. Seems corruption and bribes, on which a lot of these were premised, is a great way to get an empire.
Didn’t the U.S. and Britain use to get criticized a hundred years ago for going to war over badly-run South American nations that failed to pay their debts? Looks like China is viewing that as a how-to guide.
...a new global dawn is on us, the era of the Chinese debt-forced empire. That alone should be a stick with which the U.S. can use on China over all its bad practices that will inevitably lead to a crude new empire. It’s fortunate that just about the only American president with the guts to challenge this long-running scam is President Trump. He’s what we have now, and it seems that’s for a reason.
Link: https://www.americanthinker.com/blog/2018/12/now_kenya_gets_to_pay_the_china_piper.html
China’s Seaport Shopping Spree: What China Is Winning By Buying Up The World’s Ports
I understand China’s been quite busy along the coasts of South America.
Storms are brewing on many fronts for us. Big, dangerous storms.
Lenin
"The Africans will take out the loans with which we will bankrupt them."
Xi Jinping