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I am shocked at all of this.
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Oct 17, 2023 22:07
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MarcusSA posted:I am shocked at all of this. How could these children lie to us
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Oct 17, 2023 22:47
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belt and road song is no shi san wu
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Oct 17, 2023 22:53
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Belt and Road was always sold as funding projects that the dastardly World Bank and IMF would not approve of. Sometimes it helped those small countries, but most of the time it turned out there were very, very good reasons why the World Bank and IMF rejected the proposal.
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Oct 17, 2023 22:57
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Yeah it’s not a surprise. Still sad to me. Reminds me of articles about endangered species being gathered all over the world for consumption. The destination is China.
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Oct 17, 2023 23:04
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Absolutely shocked to discover that China doesn't give two shits about THE GLOBAL SOUTH.
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Oct 17, 2023 23:25
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Disgraceful that the CIA snuck in overnight to replace all the concrete in the dam with shoddy cement mix and install unstable sand beneath the port facility
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Oct 17, 2023 23:29
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I find it just awful how the State Department secretly rewrote all the Belt and Road contracts to force the countries in The Global South to default and make China look like the bad guy.
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Oct 17, 2023 23:51
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Big rear end On Fire posted:Yeah it’s not a surprise. Still sad to me. Reminds me of articles about endangered species being gathered all over the world for consumption. The destination is China. Instead of upping my WWF donation this year I’m going to sponsor a dozen lechers to replace their rhino horn powder and tiger balls with real sildenafil.
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Oct 18, 2023 00:03
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Impossible, surely this aspiring global superpower had nothing but the purest of intentions at heart! Honestly I think that's what grates me the most about tankies, they act like they're above it all but they're just as jingoistic as any Bush-era neocon.
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Oct 18, 2023 00:20
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Legitimate question. If NATO/US completely crumbled tomorrow how quickly would China redo the scramble for Africa and Central Asia? I'm guessing it would only take as long as it would for them to get control of Taiwan and neutralize Japan and Korea military.
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Oct 18, 2023 00:24
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Gaius Marius posted:Legitimate question. If NATO/US completely crumbled tomorrow how quickly would China redo the scramble for Africa and Central Asia? I'm guessing it would only take as long as it would for them to get control of Taiwan and neutralize Japan and Korea military. China would do an imperialism so fuckin' hard.
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Oct 18, 2023 00:29
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McGavin posted:China would do an imperialism so fuckin' hard. When will china get bogged down in its first forever war of the 21st century?
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Oct 18, 2023 00:38
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McGavin posted:It's Lu Tse. 
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Oct 18, 2023 00:50
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McGavin posted:I find it just awful how the State Department secretly rewrote all the Belt and Road contracts to force the countries in The Global South to default and make China look like the bad guy. If country goes bankrupt because it owes 10% of its external debt to China and the rest of it to other countries it probably is the U.S. state department inter alia pushing the narrative of the how it’s China’s fault, yes.
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Oct 18, 2023 02:19
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the most hosed up instance so far is sri lanka, which is 52% prc foreign debt. zambia is also like 40%, pakistan 30%. they have had a continual tendency to demand uber-austerity over forgiving any debt, too. not that the imf doesnt demand that too ecuador is 11%, yeah bob dobbs is dead fucked around with this message at 02:30 on Oct 18, 2023 |
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Oct 18, 2023 02:21
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Shumagorath posted:Instead of upping my WWF donation this year I’m going to sponsor a dozen lechers to replace their rhino horn powder and tiger balls with real sildenafil.  Rene Chang
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Oct 18, 2023 02:27
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eSports Chaebol posted:If country goes bankrupt because it owes 10% of its external debt to China and the rest of it to other countries it probably is the U.S. state department inter alia pushing the narrative of the how it’s China’s fault, yes. 
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Oct 18, 2023 02:37
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I have a great plan to get those debts cancelled* 1) buy up a bunch of WWII Chinese bonds that the PRC refuses to honor despite ostensibly inheriting the debts( for pennies on the million) 2) sell them to those countries 3) find a government official in Taiwan who will publicly say that as the real china they will of course honor those debts 4A) if PRC bites, the bonds get redeemed at face value 5B) lif PRC doesn't bite, the African nation will send the bonds to Taiwan and claim the debt is paid, declaring "one china, two systems, we paid back 'China'". *by which I mean defaulted on with plausible deniablity
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Oct 18, 2023 02:46
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any country willing to flex paying PRC debt back to Taiwan should get a permanent security council seat
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Oct 18, 2023 02:51
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bob dobbs is dead posted:the most hosed up instance so far is sri lanka, which is 52% prc foreign debt. zambia is also like 40%, pakistan 30%. they have had a continual tendency to demand uber-austerity over forgiving any debt, too. not that the imf doesnt demand that too The IMF at least seems to recognize how counterproductive its intervention in greece was and shows signs of learning it can't demand infinite cuts to services with no consequences for the
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Oct 18, 2023 02:52
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Gen. Ripper posted:Impossible, surely this aspiring global superpower had nothing but the purest of intentions at heart! A lot of modern internet leftism makes more sense when you realize they care more about anti-Americanism vs actual Leftist tenets. All this talk about belt and road made me think of a tweet I saw about this, When the Imperialist west aids the global south, a lecture is told. When China aids the global South, an airport is built. It is crumbling and no can afford to use it anyway.
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Oct 18, 2023 04:54
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hypnophant posted:The IMF at least seems to recognize how counterproductive its intervention in greece was and shows signs of learning it can't demand infinite cuts to services with no consequences for the That whole shitshow should have led to structural reform of the EU, instead we got brexit and it was quickly memory holed.
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Oct 18, 2023 13:43
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Hell it was a significant talking point in favour of brexit among well meaning centrists. 'The EU is just an enforcement body for ruthless German banks...'
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Oct 18, 2023 15:56
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the state is the organization with the monopoly on violence. as a corollary they are all abominable credit risks. "ooh i aint gonna pay my debts. you and whose army? this army i got right here."
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Oct 18, 2023 16:08
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bob dobbs is dead posted:the state is the organization with the monopoly on violence. as a corollary they are all abominable credit risks. "ooh i aint gonna pay my debts. you and whose army? this army i got right here." Maybe before WW2 but now every state needs dollars to buy things so when they tell people to shove it it looks more like Argentina
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Oct 18, 2023 20:09
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... or sri lanka, or zambia, or pakistan....
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Oct 18, 2023 20:57
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Nobody in Pakistan has a monopoly on violence. It’s a free and vibrant market.
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Oct 19, 2023 01:01
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just means more abominable credit risks
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Oct 19, 2023 01:06
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Joseon is back, in crypto form!quote:Joseon, a unique digital dynasty weaving the past with the present, launches the first-ever cyber nation state on blockchain and invites crypto enthusiasts from all over the world to take part in amazing IEOs.
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Oct 19, 2023 03:34
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I'm not sure which would be more misogynistic, Joseon or crypto.
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Oct 19, 2023 03:36
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Doesn't North Korea still use that name to refer to themselves? They use the McCune-Reischauer romanization Choson instead of Joseon but it's the same name.
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Oct 19, 2023 03:48
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Grand Fromage posted:I'm not sure which would be more misogynistic, Joseon or crypto. Now you don't have to choose!
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Oct 19, 2023 03:53
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lol, lmao
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Oct 19, 2023 04:14
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I hope this gets big enough to warrant a Folding Ideas takedown.
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Oct 19, 2023 21:52
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A state senator from Washington State got arrested in Hong Kong yesterday because he arrived at the airport with his gun in his luggage
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Oct 24, 2023 11:25
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Big rear end On Fire posted:A piece on the Belt Road Initiative 10 years later. The pattern is a large loan to a small nation protected by commodities or other strings, the country's leader gets a huge kick back, the nation gets substandard infrastructure and bad terms leading to crushing debt. the outcome is that China loses money too, for having lent to countries that never actually domestically functional enough to pay it back, and not charging more than commercial rates which is predictably what happens when you go on an international tour to find borrowers that the Paris Club countries won't lend to (because their credit is so bad) and then lend to them Michael Pettis is fond of pointing out that previous countries new to international lending all waded into this behaviour face-first; Japan's period of peak % share of global overseas development assistance (ODA) in the 1980s was also characterized by wanton self-serving corruption between recipient country leaders and the Japanese construction firms they paid. In the end Japan, like China is doing today, restructured those loans in a face-saving way that meant that Japanese taxpayers eventually paid for a lot of the make-work. Of course, Japan then was considerably relatively richer then than China is today. In some cases China today is not significantly richer than the country it paid off (e.g., Malaysia) in per capita terms. It's important not to underestimate the infrastructure - in many cases the highway or port does get used, it just doesn't justify the staggering costs of megaprojects in places ill served by existing logistical links, when everything starting with electricity and piped water has to be wrought from the ground up. The megaproject itself does not have to be deployed to full capacity since a lot of the value is already delivered in merely rendering it possible. It is similar in that way to the pro-growth corruption that characterized Dengist China itself. Conversely, benefactor nations are quick to look for the next donor and have no real incentive to remain loyal for yesterday's aid, so the long-term onerousness of the debt is overstated. Current Sri Lankan-flavoured concerns mostly revolve around Chinese domestic dysfunctions holding up (short-term) rollover negotiations, where it is generally conceded that China will eat a haircut and it's only a question of which Chinese institution takes the hit.
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Oct 24, 2023 17:26
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Imperialist Dog posted:A state senator from Washington State got arrested in Hong Kong yesterday because he arrived at the airport with his gun in his luggage lol dummy
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Oct 24, 2023 17:42
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Its honestly mindblowing for non-americans that americans so frequently just travel around on their daily lives with a gun, and even do international travel with their gun. Just an absolutely insane unhinged culture.
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Oct 24, 2023 19:11
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Baronjutter posted:even do international travel with their gun. Yeah not really a thing. This guy is just a moron who forgot he had it. Very very very few Americans will actually travel with a gun but you are allowed to travel with a firearm in your checked luggage  Also lol at TSA missing yet another gun. They have / had something like an 80% failure rate a while ago.
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Oct 24, 2023 19:19
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