Assalam. What the world have not yet understood. Read Economic Hitmen by John Perkins. The World Bank used to lend billions USD to underdeveloped countries to build dams they can’t fully used nor fully pay. (All contracts must go to American companies -meaning not a single cent left America).As a result the poor countries become Debt Slaves to America. These included many Central American countries, African countries, Egypt, Pakistan and many others. In Egypt that was why it was so easy for Sisi to dislodged Morsi.
China is now repeating the formula. Only now China do not have the World Bank backing. What they have is a clear understanding of banking and money creation, public banking, and the fact of no interest costs in their products. All these means they will win all international tenders hands down, beating other nations who still have not cotton on to the no interest costs part.
Other nations have to price in internal interest costs in their bids. China’s banks and China bidders have the same owner- the State! So zero interest cost in their international bids. And China conditions have been everything must come from China if they win the bid. They will even fund it 100% by China loans. (And those Chinese workers and labourers working on the international projects are all Red Army soldiers disguised as workers).
Will China turn these recepient nations into debt slaves? Perhaps. Presently that remains to be seen. Of priority to them now is to prepare for war, sanctions and boycotts by the US.
Other countries can learn lessons from this. But they first have to overcome their awe of the West.
@FB Gerakan Keadilan Monetari
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