Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

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

DerekJohnson
DerekJohnson Administrator, Swaye's Wigwam Posts: 68,558 Founders Club
in Tug Tavern
https://csmonitor.com/World/Americas/2022/0603/In-Latin-America-China-steps-in-where-US-has-stepped-out
· Share on FacebookShare on Twitter

Comments

  • WestlinnDuck
    WestlinnDuck Member Posts: 17,658 Standard Supporter
    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.
    · Share on FacebookShare on Twitter
  • UW_Doog_Bot
    UW_Doog_Bot Member, Swaye's Wigwam Posts: 18,206 Founders Club
    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.
    · Share on FacebookShare on Twitter
  • Goduckies
    Goduckies Member Posts: 8,004 Standard Supporter
    And project their influence in the west... they have big projects in Antigua going on when I was there.
    · Share on FacebookShare on Twitter
  • PurpleThrobber
    PurpleThrobber Member Posts: 48,137 Standard Supporter
    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?
    · Share on FacebookShare on Twitter
  • creepycoug
    creepycoug Member Posts: 24,082
    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.
    · Share on FacebookShare on Twitter
  • Pitchfork51
    Pitchfork51 Member Posts: 27,662
    edited June 2022
    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
    · Share on FacebookShare on Twitter