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>They don’t take assets. They don't take assets but to get money, they make you sell your assets to the western conglomerates of the western governments they'r
by ChuckNorris89 4y ago
>They don’t take assets.
They don't take assets but to get money, they make you sell your assets to the western conglomerates of the western governments they're associated with. Got rich oil & gas fields? Great, because BP, Chevron, Halliburton, Total, Shell and Exxon are waiting in line to buy them below market value. You don't know how deep the corruption rabbit hole goes here.
>Sri Lanka
Sri Lanka was already too broke to be worth it. They have no natural resources for the international loan-sharks to profit off of. China can profit, not monetarily, but they can set up military bases around the Asia-Pacific to challenge the US's position in the region.
>China loans are debt traps. Plain and simple.
IMF & World Bank loans aren't that much different, unless you drank their cool aid. They're still debt traps for the population of those countries no matter how you try to spin it. I know this because I've lived through it and my relative living there are still paying the price. Have you?
- throwaway2990 4y ago[dead]