Excerpt from following link: "China is investing in poor nations all over the world. These investments seem altruistic, but somehow they never turn out that way. Its Belt and Road Initiative, by which it funds infrastructure projects in poorer nations the world over, puts those nations in China’s debt."
"Those who are worried about this debt essentially see China doing something similar to the scam that the robber barons of the gilded age carried out: The companies would have stores that would give employees credit. However, the company would never pay the employees a sufficient salary to enable them to get out of debt. That debt meant the employees were trapped working for the company forever, at starvation wages, with terrible working conditions."
Buying up property. We know what they are doing. The only thing we can do is guard our property and watch to see how they use their purchases.
I have been watching the OBOR (One Belt One Road) or New Silk Road expansion for about seven years now. The figurative noose is tightening around the USA. Canada, South America, Asia, Europe, Africa and Australia have all dipped their beaks into the Chinese well. To some extent, the USA has done the same in academia, media, sports (NBA), entertainment and Big-Tech. Even at the state level, we can read about Billion Dollar deals for PPE (Personal Protective Equipment) with the Chinese. Due to political leanings and mismanagement, I'm concerned we will lose our left coast to the Chinese once the bill comes due.
behind every blade of grass...wa state here... :)
@wally I hope that axiom holds. Bremerton was my first duty station. Loved the State. Sad to see what the politicos are doing to it...
@Talos yeah the socialist are in control of much of wa state but there are 1.3 millon? republicans here we could make a big difference if we ever had to...