In Latin America, China steps in where US has stepped out

AtomicPiss

https://csmonitor.com/World/Americas/2022/0603/In-Latin-America-China-steps-in-where-US-has-stepped-out

WestlinnDuck

Here's hoping that the chicoms lend them a lot of money they can't pay back. I'd like to see some financial analysis on a lot of these mega projects. Lot's of money looking for good returns. The key being "return". I'm guessing just like with the old US companies doing projects in South America and Africa that they first bribe the government officials who approve the project sign up for the debt with stupid US banks build the project which fails and falls apart due to lack of maintenance and leaving a lot of debt that the World Bank or other huge financial institution largely backed with US government money have to "clean" up.

UW_Doog_Bot

WestlinnDuck said:

Here's hoping that the chicoms lend them a lot of money they can't pay back. I'd like to see some financial analysis on a lot of these mega projects. Lot's of money looking for good returns. The key being "return". I'm guessing just like with the old US companies doing projects in South America and Africa that they first bribe the government officials who approve the project sign up for the debt with stupid US banks build the project which fails and falls apart due to lack of maintenance and leaving a lot of debt that the World Bank or other huge financial institution largely backed with US government money have to "clean" up.

It's a way for China to launder money.

Goduckies

And project their influence in the west... they have big projects in Antigua going on when I was there.

PurpleThrobber

UW_Doog_Bot said:

WestlinnDuck said:

Here's hoping that the chicoms lend them a lot of money they can't pay back. I'd like to see some financial analysis on a lot of these mega projects. Lot's of money looking for good returns. The key being "return". I'm guessing just like with the old US companies doing projects in South America and Africa that they first bribe the government officials who approve the project sign up for the debt with stupid US banks build the project which fails and falls apart due to lack of maintenance and leaving a lot of debt that the World Bank or other huge financial institution largely backed with US government money have to "clean" up.

It's a way for China to launder money.

Peru is the Ukraine of S America?

creepycoug

Goduckies said:

And project their influence in the west... they have big projects in Antigua going on when I was there.

@oregonblitzkrieg says the Latinos are genetically predisposed to communism, so it probably won't change that particular risk profile.

Pitchfork51

creepycoug said:

Goduckies said:

And project their influence in the west... they have big projects in Antigua going on when I was there.

@oregonblitzkrieg says the Latinos are genetically predisposed to communism, so it probably won't change that particular risk profile.

Good point good point

Also according to obk I am one of them

And a great many other things
A beav for one

Sometimes it's difficult to keep track