Back in 1885, to much fanfare, the General Act of the Berlin Conference [5]launched the Scramble for Africa which saw the partition of the continent, formerly a loose aggregation of various tribes, into the countries that currently make up the southern continent, by the dominant superpowers (all of them European) of the day. Subsequently Africa was pillaged, plundered, and in most places, left for dead. The fact that a credit system reliant on petrodollars never managed to take hold only precipitated the "developed world" disappointment with Africa, no matter what various enlightened, humanitarian singer/writer/poet/visionaries claim otherwise. And so the continent languished. Until what we have dubbed as the "Beijing Conference" quietly took place, and to which only Goldman Sachs, which too has been quietly but very aggressively expanding in Africa, was invited. As the map below from Stratfor shows, ever since 2010, when China pledged over $100 billion to develop commercial projects in Africa, the continent has now become de facto Chinese territory. Because where the infrastructure spending has taken place, next follow strategic sovereign investments, and other modernization pathways, until gradually Africa is nothing but an annexed territory for Beijing, full to the brim with critical raw materials, resources and supplies. So while the "developed world" was and continues to deny the fact that it is broke, all the while having exactly zero money to invest in expansion, China is quietly taking over the world. Literally.
More
6 comments:
Our gov't pays for consumption. China pays for investment. They're rising, we are falling. Simple as that.
China is a communist country ran solely by big gov. By you guys' mantra that means they are doomed to failure. no worries, right?
228-They are making investments, by Nancy Pelosi's own words, "welfare is the most economically stimulating we can do".
Two completely different mindsets.
China is more capitalistic than the US at present, 2:28.
Stop sending money over there. It's not that hard to figure out.
Maybe China is getting ready to build some rail roads and need workers. Good luck on that idea.
Post a Comment