Globalists trying to stop China's demise to counteract US economic dominance. It's ultimately a useless move.
China is the most over-credited country in humanity's history, both in absolute and relative terms. A billion dollars is like putting one piece of Flextape over a torpedo hull breach in the engine room. Ship's still gonna sink. This just puts more fuel on the fire for GEOTUS to stomp the World Bank out of existence. It was formed to advance our interests, but it's become a climate change swamp of SJW snakes
China has the world's second largest economy, but the World Bank still classifies it as a "developing nation." This has allowed it to lend them money at low interest for years. But they say they're going to gradually reduce these loans.
According to the Bank for International Settlements, the total amount is about $5 trillion. According to the CIA, the total amount is $80 trillion if you include "broad money." The US dollar is the most popular currency in use worldwide.
The annual amount of the loans is trivial but the fact the president has brought them into the spotlight for a brief moment is a clear example that the USA is enjoying being on the offensive. This action furthers the US goal of dismantling the global trade status quo.
Leftist: Yeah, but what about that debt? (ignoring that 50% of it was from Obama and the other 50% was the remained accumulation of Truman, Eisenhower, Kennedy, Johnson, Nixon, Ford, Carter, Reagan, Clinton, and Bush)
I suppose we could force China to forgive all our debt. What's China going to do if we refuse to pay?
Leftist: They'll start a war!
They can't even take the islands offshore of their coast. We could easily ally with these island nations to blockade China and cut it off from all oil sources.
Ha Ha, here is my comment from this morning on a similar subject. The Chinese Engine is to build islands out of concrete and land their fighters on them and the Rest of The World pays for it.------British Rhodes Scholar Masters trying to take over the World by Chinese Proxy.------Brrrrrrriiiiinng Hello Beijing?
World Bank is controlled by IMF.
IMF is controlled, effectively, by Federal Reserve and European Central Bank.
These entities resent Trump. Globalists prefer CCP (Chinese Communist Party) clones everywhere. Now, that's good business, starting with Climate Change. Don't count on World Bank to serve taxpayers' interest.
Let them loose all there printed money, just make sure the american companys banks and insurance companys are not loaning to them. And if they are, there is no net this time around. You will go down and another bank will spring up and take your place.
2005 AIG and all the rest
Globalists trying to stop China's demise to counteract US economic dominance. It's ultimately a useless move.
China is the most over-credited country in humanity's history, both in absolute and relative terms. A billion dollars is like putting one piece of Flextape over a torpedo hull breach in the engine room. Ship's still gonna sink. This just puts more fuel on the fire for GEOTUS to stomp the World Bank out of existence. It was formed to advance our interests, but it's become a climate change swamp of SJW snakes
The trade deals that Trump is fixing plus deregulation in the U.S. is the reason China is going to get fucked. Plus, get fucked Chicoms.
China should’ve never been allowed into the WTO and World Bank globalists are grasping for last ditch efforts. Fuck you, China. Game over.
Globalist institution World Bank, like all globalist institutions uses OUR taxpayer money to undermine and weaken US.
And they never, ever, say thank you.
why would they, they're thieves and their end game is to murder like half of us anyways
Agree with O-Ther. Some details:
China has the world's second largest economy, but the World Bank still classifies it as a "developing nation." This has allowed it to lend them money at low interest for years. But they say they're going to gradually reduce these loans.
https://www.dw.com/en/world-bank-says-lending-to-china-to-drop/a-51570709
China's debt is a mind-boggling US$40 trillion, more than 300% of its economy.
https://en.m.wikipedia.org/wiki/National_debt_of_China
How much money is there in the world?
According to the Bank for International Settlements, the total amount is about $5 trillion. According to the CIA, the total amount is $80 trillion if you include "broad money." The US dollar is the most popular currency in use worldwide.
https://www.businessinsider.com/heres-how-much-money-there-is-in-the-world-2017-10
The annual amount of the loans is trivial but the fact the president has brought them into the spotlight for a brief moment is a clear example that the USA is enjoying being on the offensive. This action furthers the US goal of dismantling the global trade status quo.
Record unemployment and job growth.
Leftist: Yeah, but what about that debt? (ignoring that 50% of it was from Obama and the other 50% was the remained accumulation of Truman, Eisenhower, Kennedy, Johnson, Nixon, Ford, Carter, Reagan, Clinton, and Bush)
I suppose we could force China to forgive all our debt. What's China going to do if we refuse to pay?
Leftist: They'll start a war!
They can't even take the islands offshore of their coast. We could easily ally with these island nations to blockade China and cut it off from all oil sources.
Leftist: *BS yet to be determined*
If the world bank does. Chinas already precarious economic situation will likely promptly nose dive.
Delist all ChiCom companies from the NYSE NOW!
Ha Ha, here is my comment from this morning on a similar subject. The Chinese Engine is to build islands out of concrete and land their fighters on them and the Rest of The World pays for it.------British Rhodes Scholar Masters trying to take over the World by Chinese Proxy.------Brrrrrrriiiiinng Hello Beijing?
Another indicator that Scott Adams is right - the #decoupling with China continues.
World Bank is controlled by IMF. IMF is controlled, effectively, by Federal Reserve and European Central Bank. These entities resent Trump. Globalists prefer CCP (Chinese Communist Party) clones everywhere. Now, that's good business, starting with Climate Change. Don't count on World Bank to serve taxpayers' interest.
Make china send pics of their gold.
Let them loose all there printed money, just make sure the american companys banks and insurance companys are not loaning to them. And if they are, there is no net this time around. You will go down and another bank will spring up and take your place. 2005 AIG and all the rest