7 minutes of telling the truth about the true values of the BRI that the Americans tried so hard to wish away. 147 countries have signed up. Their leaders cannot be so blind to want it despite the smears of the evil Americans that tried to discredit and throw more doubts about the project. With tons of American barrage thrown at the world leaders, the 147 leaders have told the Americans to go to hell. They are calling the Americans' bluff.
US$4 trillion have been committed to the BRI. This is no small change. It is real money on a real project. The Americans have no answers and no alternative to it. They tried to con the world with lip service with their own BRI in the air, hot air. Nothing has come out of it after they blew their horns. No one in the world cares, knowing very well it was all fiction. What the evil Americans are concerned is war and war, to control and rule the world. See how much money they are pumping into Ukraine?
BRI was a master stroke by China. Most important of all was the ability of China being able to recycle the trade surpluses over the decades, US$4 trillion of recycled US$, most of which probably is going to be returned to the USA itself, fueling their inflation problem and creating all the chaos in their financial system. The Fed's interest rate hike is primarily to soak up liquidity in the market, which is causing high inflation. With the global demand for US$ diminishing with de-dollarisation, this is the only alternative left for the Fed, but it is killing businesses.
ReplyDeleteOn top of that, China need not have to continue using those surpluses to buy US Treasuries and putting itself in greater danger. It provides China an alternative to invest their surpluses and reserves in US$ widely. What I understand is that loans are made to countries to invest in infrastructures in US$, while repayments are said to be in Yuan, over a period. If true, that is one more way of de-dollarissation and making more use of the Yuan globally. Smart move by China.