Josh Sigurdson talks with author and economic analyst John Sneisen about the recent takeover of countless nations by China as they loan countries way more money than they can possibly pay back, followed by the inevitable takeover of major industries in the country and then the country itself.
Recently, Zambia succumbed to this practice. Zambian President Edgar Lungu has signed off on at least $8 billion in Chinese project finances. Of that money, $5 Billion has not been added to the total because Zambia adamantly insists that the money has not been disbursed, all the while more large loans sit in the pipeline.
China is set to seize national assets as the country defaults on their loans. The state electricity company ZESCO is already in talks with China regarding a takeover.
Strangely the IMF has put forward concerns about this practice despite this literally being the same thing that they’ve been doing for years.
China’s been sending out a lot of massive loans over the last few years that they’ve known couldn’t be paid back. Here’s a short list of a few of the loans…
Montenegro owes £865M, Djibouti owes £1.1B, Kyrgyzstan owes £1.2B, Papua New Guinea owes £498M, Pakistan owes £41B, Maldives owes £968M, Laos owes £838M, Fiji owes £496M.
This barely scratches the surface!
China is quickly becoming the NEW new world order. There’s no doubt about that. With its attempted takeover of Africa most notably and its push to become the world reserve currency with its centrally planned cashless society as the current USD world reserve currency is facing an inevitable crash, we are watching a massive powershift take place.
The IMF even wants to move their headquarters to Beijing! This will not end well.
This appears to have been in the playbook for a long time. Going back to Kissinger meeting in China in the early 1970s to Brzezinski helping establish the Trilateral Commission, it appears as though China is the perfect state in which to base an incredibly coercive society on. Complete with sesame credit!
Stay tuned as we continue to cover this incredibly important story!