Forwarded from The Library (s h)
from yesterday... a very telling action happening:
https://fortune.com/2023/05/18/china-belt-road-loans-pakistan-sri-lanka-africa-collapse-economic-instability/
https://fortune.com/2023/05/18/china-belt-road-loans-pakistan-sri-lanka-africa-collapse-economic-instability/
Fortune
'In a lot of the world, the clock has hit midnight': China is calling in loans to dozens of countries from Pakistan to Kenya
Keeping schools open, the lights on and even food on the table is being threatened by debt payments from the $1 trillion Belt and Road program.
👆 if you didn't know, they (China) learned this little ditty from the US and IMF. Read Confessions of an Economic Hitman to understand why they do it.