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"If Montenegro is not able to repay China's state-owned Export-Import Bank on time, the bank then has the right to seize land inside Montenegro" China's about

"If Montenegro is not able to repay China's state-owned Export-Import Bank on time, the bank then has the right to seize land inside Montenegro" China's about to sprout the first of its European colonies.

redis_mlc 5y ago
The point of the CCP BRI debt traps are: 1) to funnel unaccounted money from US capital markets ($2+ trillion) into 2) projects that use Chinese steel and cement, that drive down mfg. costs by 20% every time volume doubles then 3) to gain influence in foreign countries, leveraged on world bodies (UN, WHO, etc.) with their votes (ie. Greece already votes with the CCP) 4) then either profit or repo the foreign infrastructure, especially ports so that 5) the CCP can occupy the ports ("string of pearls") with the world's largest navy and commercial fleets, totalling 20,000 ships. Trump/Pompeo were squeezing #1, which would have caused the whole BRI house of cards to collapse. But now we just have Biden and his puppet masters. The above is a very clever scheme. I wonder if the CCP has a million functionaries sitting around dreaming this stuff up?
Proven 5y ago
Oh, well, hopefully few hundred acres will be left over to accommodate the natives and a little NATO military base :-) As a kingdom Montenegro did okay, but as a thieving socialist democracy not so well. This is why democracy sucks, folks. And screw the highway - it could have been anything, who cares - power plants, renewable energy scams, who gives a crap - it's all just means to an end (profiting from government corruption). Highways were easy to sell to the idiot voters - you don't have to explain how anything works, just promise that getting from A to B will take less time and get reelected. Montenegro is now ready for the EU - they need to be able to milk the EU funds for next 10-20 years while they get back to zero and return the money to the Chinese communist government. By then they'll have a ton of German debt, like Greece and other PIGS. What a joke Europe has become... There is no solvent country left south from Germany.
deleted 5y ago
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rchaud 5y ago
Most loans are secured with collateral. 'Right to seize land' sounds pretty alarmist. Any one of Russia, the EU or NATO would have stepped in to to broker a deal without China, if the alternative was a CCP bank scooping up swathes of territory just outside their borders.

redis_mlc 5y ago

The point of the CCP BRI debt traps are: 1) to funnel unaccounted money from US capital markets ($2+ trillion) into 2) projects that use Chinese steel and cement, that drive down mfg. costs by 20% every time volume doubles then 3) to gain influence in foreign countries, leveraged on world bodies (UN, WHO, etc.) with their votes (ie. Greece already votes with the CCP) 4) then either profit or repo the foreign infrastructure, especially ports so that 5) the CCP can occupy the ports ("string of pearls") with the world's largest navy and commercial fleets, totalling 20,000 ships. Trump/Pompeo were squeezing #1, which would have caused the whole BRI house of cards to collapse. But now we just have Biden and his puppet masters. The above is a very clever scheme. I wonder if the CCP has a million functionaries sitting around dreaming this stuff up?

Proven 5y ago

Oh, well, hopefully few hundred acres will be left over to accommodate the natives and a little NATO military base :-) As a kingdom Montenegro did okay, but as a thieving socialist democracy not so well. This is why democracy sucks, folks. And screw the highway - it could have been anything, who cares - power plants, renewable energy scams, who gives a crap - it's all just means to an end (profiting from government corruption). Highways were easy to sell to the idiot voters - you don't have to explain how anything works, just promise that getting from A to B will take less time and get reelected. Montenegro is now ready for the EU - they need to be able to milk the EU funds for next 10-20 years while they get back to zero and return the money to the Chinese communist government. By then they'll have a ton of German debt, like Greece and other PIGS. What a joke Europe has become... There is no solvent country left south from Germany.

deleted 5y ago

[deleted]

rchaud 5y ago

Most loans are secured with collateral. 'Right to seize land' sounds pretty alarmist. Any one of Russia, the EU or NATO would have stepped in to to broker a deal without China, if the alternative was a CCP bank scooping up swathes of territory just outside their borders.