How China Uses Financial Aid to Colonize the World
By Todd Strandberg
For many years, I’ve read headline stories about China giving out financial aid money to various nations. I always thought the money was being used to buy goodwill with various nations that it seeks to bring into its growing level of financial influence. I’ve now learned that China has a far more sinister reason why it is sharing its wealth with third-world nations
The Old Soviet Union would do this with military weapons. It would pour vast amounts of arms into a nation. Because the weapon system would be so expensive, the USSR would write off the loans. The Soviets lost vast amounts of money by giving arms to nations, which the West defeated with superior military technology.
The Chinese are not intending to be the world’s Santa Claus. Very little of the money it hands out to nations goes for humanitarian aid. Most of the projects supported by Chinese loans are for industrial developments. The top four categories of projects are oil and gas, Railroad, hydroelectric, and mining.
When the West gives money and the loans go bad, the investment is typically written off. When China gives money to a nation and the loans go into default, the Chinese move in to foreclose.
It’s not that China has bad luck or likes taking risks. The main goal of the Chinese loans is for them to go into default. Once a country can’t make the payments on its loan, China introduces a term that allows it to Colonize its victim.
The Chinese talked Sri Lanka into spending $8 billion to build the country’s second-largest port at Hambantota. Since there was little traffic in the area, there was no way for the port to ever be economical. When the loans could not be paid back, a Chinese state-owned subsidiary moved in and secured a 99-year operating lease for the port.
In Pakistan, more than 90% of revenues generated at the newly developed Gwadar Port at the mouth of the strategically significant Gulf of Oman are collected by the Chinese operator.
Since the amount of money lent to Africa has increased sevenfold over the last decade, China’s financial colonization of Africa is becoming a clear aim of all this easy money. According to a study by the China-Africa Research Initiative at the Johns Hopkins School of Advanced International Studies, China had lent a total of $143 billion to 56 African nations.
At $43 billion, Angola has the most Chinese debt that equals 35% of Angolan 2017 GDP. Angola recently reached a loans-for-oil settlement, with Beijing lining the country’s future oil production to shipments to China in order to service the country’s burgeoning infrastructure debt.
China built a giant railroad line in the nation of Kenya. It is the biggest infrastructure project in the nation’s history. The line was built with $7 billion of Chinese money. The huge price tag and the lack of paying customers will soon mean that this will be another project that will come under Chinese control.
There is little chance that China will face any competition from the IMF in the lending of money to Africa. Most nations in the region are so corrupt, there is no way to secure loans under a standard business arrangement. Because China doesn’t care about human rights, it was able to ignore a genocidal war and make an oil deal with Sudan’s dictatorial leader.
It would not be possible for China to Colonize the world without help from the U.S. The $500 billion trade deficit we have with Beijing gives it the credit needed to make all these loans. The more China uses our IOU bonds to make these deals, the weaker the dollar becomes as a global reserve currency.
China’s Colonization of large parts of the world has allowed it to reach the point where it can fulfill one of the most amazing prophecies of the Bible. When China decides to invade the Middle East with an army of 200 million soldiers, it will need a vast amount of resources. Thanks to years of pre-planning, the Kings of the East monster is nearly ready to move out.
“And the sixth angel poured out his vial upon the great river Euphrates; and the water thereof was dried up, that the way of the kings of the east might be prepared” (Revelation 16:12).