^They're just charitable organizations, then?
China still borrows billions from the World Bank, despite it's status as 2nd largest economy in the world.
China, no longer a poor nation, still borrows billions from World Bank
Last edited by kmart; 03-04-2020 at 02:27 PM.
An ex employee has an opposite opinion.
"Confessions of an Economic Hit Man
is a partly autobiographical book written by John Perkins published in 2004. It provides Perkins' account of his career with engineering consulting firm Chas. T. Main in Boston. According to Perkins, his job at Main was to convince leaders of underdeveloped countries to accept substantial development loans for large construction and engineering projects that would primarily help the richest families and local elites, rather than the poor, while making sure that these projects were contracted to U.S. companies. Later these loans would give the U.S. political influence and access to natural resources for U.S. companies"
Confessions of an Economic Hit Man - Wikipedia
A tray full of GOLD is not worth a moment in time.
So HoHo tries to waffle away from the World Bank and the IMF by bringing in some irrelevant rubbish about someone no-one's heard of which "provides Perkins' account of his career with engineering consulting firm Chas. T. Main".
Ironically the reviews accurately point out how whackjobs can make money out of the likes of HoHo and his gullible friends:
HoHo laps this shit up, the idiot."This man is a frothing conspiracy theorist, a vainglorious peddler of nonsense, and yet his book, Confessions of an Economic Hit Man, is a runaway bestseller."
Well if wikipedia isn't going to convince HoHo that he's a gullible fucking idiot, I'm fairly certain Youtube won't.
^"I don't care what the facts are..."
And here comes the fucking puppy right on cue.
The World Bank and IMF are multi-lateral "partners" in the Chinese BRI:
Link:Because this indebtedness also suggests a higher concentration in debt owed to official
and quasi-official Chinese creditors, we examine Chinese policies and practices related to
sustainable financing and the management of debt problems in borrower countries. Based
on this evidence, we offer recommendations to improve Chinese policy in these areas. The
recommendations are offered to Chinese policymakers directly, as well as to BRI’s bilateral
and multilateral partners, including the IMF and World Bank.
https://www.cgdev.org/sites/default/...erspective.pdf
Problems on the reservation. Some are wearing the wrong colour shoes.:
Ineffective sheriff arrives.
National Guards arrive and assume operational authority.
"Satisfactory" outcome delivered?:
Posse and guards leaving .
Mission accomplished?
Last edited by OhOh; 04-04-2020 at 11:21 AM.
^^
One thing we should learn but probably won't, is that western leaders talk to get them through the short term while Chinese leaders act with a view to the long term.
With that in mind, after this shit I expect there will be multiple investigations into the WB, IMF, WHO, UN agencies, possibly Red Cross, and several other ostensibly respected bodies that the Chinese have infiltrated and exploited from the early years of the east-west marriage.
And the plebs will be happy that things are changing; but nothing will change as reality kicks in, and all of the trumpeting will be wasted, perhaps with a minor victory or two as some low level officials are exposed, since much of the findings will be obscured or buried by a complicit media and elite that for decades have feathered their nests with Chinese money.
^"Red Cross" is just the English translation of "Rothschild". Has been a front and tool for them since inception.
"Our analysis finds that BRI is unlikely to cause a systemic debt problem in the regions of the initiative’s focus. While the aggregate numbers look large, when assessed in the context of the size of the economies that are likely to benefit from BRI investments, the amounts are consistent with current levels of infrastructure investment. Over a 20-year span, an $8 trillion investment program for BRI countries would amount to less than 1.5 percent of GDP per annum, and about 2.5 percent excluding China. It is also likely that some of the Chinasourced financing will merely substitute for other sources. These levels are modest in comparison to the ADB’s estimated infrastructure financing “needs” in Asia, which are projected to be 5.1 percent of the region’s GDP. "
From your link:
https://www.cgdev.org/sites/default/...erspective.pdf
As illustrated in the video at#83 (Chinese Maritime Militia on the Move in Disputed Spratly Islands) , some projectors feather bed the numbers, to match their goals, as opposed to the borrowing country's requirements.
^Oh, please.. This is from Rothschild's own website:
It's the family's coat of arms:British Red Cross
The Rothschild family has been closely associated with the British Red Cross since its inception in 1870 when Nathaniel, 1st Lord Rothschild (1840-1915) became one of the founder members of the committee of the National Society for Aid to the Sick and Wounded in War. He became chairman of the Society on the death of the founder chairman in 1901, and he held the post until his death in 1915. He was a key figure in the reorganisation of the Society into the British Red Cross in 1905. His son, Charles (1877-1923), was one of the first Council members of the newly formed British Red Cross from 1905, serving until his death in 1923.
Rothschild family - Wikipedia
The Family ‹ Philanthropy ::A red shield can still be seen at the centre of the Rothschild coat of arms. The family's ascent to international prominence began in 1744
The Rothschild Archive
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