THE WORLD'S LARGEST SCAM: The Iraqi Dinar
THE WORLD'S LARGEST SCAM: The Iraqi Dinar
After getting wrapped up in the story of the dinar, they trade away their their hard-earned US dollars in hopes of becoming a dinar millionaire overnight. Since the dinar isn’t a major global currency, the transaction usually involves a fee of about 20%, which of course goes to the scammers. There’s an old saying, in the gold rush of 1849, it was better to sell shovels than to dig for gold, and that’s exactly what these scammers are doing. Let’s hear from some of the viewers about how this “investment” turned out for them.
Watch the full explanation of how the Dinar is a scam: https://youtu.be/DlYQ-vW2RBA
Watch my FREE investing workshop: https://www.fundamentalsoffinance.com/9secrets
#iraqidinar #fundamentalsoffinance
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MAKE AMERICA WEAK AGAIN? Why Immigration Policies, Polarized Politics, and Protectionism Are Harmful
MAKE AMERICA WEAK AGAIN? Why Immigration Policies, Polarized Politics, and Protectionism Are Harmful
In part 1 of this series I discussed why America has ACTUALY been THRIVING, but we can’t take that for granted so here in part 2 I’ll dive into some of the KEY risks our country faces. Contrary to popular belief, the biggest threats DON’T come from external factors like China or climate change or AI. They come from WITHIN.
In Texas we have a saying… “if it ain’t broke, don’t fix it.” And trying to fix what isn’t broken is leading to dangerous shifts in U.S. politics that could threaten our future in 3 ways…
The first way that America’s polarized politics and negative self-image could threaten its future is through its immigration policies.
Most people and politicians focus a lot on how too MUCH immigration can be a bad thing, but they FAIL to recognize how too LITTLE can ALSO be a bad thing.
Over the next few decades, aging populations are going to become a bigger and bigger challenge for many countries, including the U.S. One of the keys that has set us apart from places like Japan over the past 30 years has been immigration and it could ALSO be a significant advantage over China in the NEXT 30 years, if we let it.
To illustrate this, you can see how from 1990 to 2020 the percentage of Japan’s population that was over age 65 more than DOUBLED from about 13% to 30%, while the U.S. population stayed about the same. That’s the MAIN reason their economy stagnated while the U.S. continued to grow.
Over the NEXT 30 years, China’s population is projected to mirror the LAST 30 years in Japan, almost exactly. Japan went from 13 to 30% and China is projected to go from 13 to 32% of its population over the age of 65.
Since NONE of the 3 countries have a high enough birthrate to keep the population stable, immigration has been the KEY reason why the U.S. has been able to keep growing while Japan stagnated in the LAST 30 years, and it COULD help the U.S. keep growing while China stagnates over the NEXT 30 years, IF politicians don’t get in the way.
Besides taking care of the elderly and doing the jobs many Americans don’t WANT to do, immigrants have also been a HUGE source of dynamism and innovation in the U.S.
Almost HALF of Fortune 500 companies were founded by immigrants or children of immigrants, including Apple, Amazon, and Costco. Immigrants have also won almost half of the nobel prizes in science that have been won in the United States since the year 2000. Statistically they are LESS likely to commit a crime and MORE likely to start a business than native-born Americans.
Our lives would DEFINITELY NOT be better without them.
Yet, Trump tried to place new restrictions on how many skilled LEGAL immigrants could come into the U.S., then started building a wall, and Biden has continued most of Trump’s immigration policies.
Border control is DEFINITELY important for every country, but when you have an aging population, NOT ENOUGH immigration can be JUST as big of a problem as TOO MUCH immigration, so severely curtailing it could actually HURT our economy in the long-run more than a lot of people realize.
The second way that America’s polarized politics and negative self-image could threaten its future is through protectionist, “America first” policies.
These things often SOUND good when politicians say them, especially when they’re hidden under the guise of national security or paired with nostalgia like “bringing manufacturing jobs home.”
There’s just one problem. The road to hell is paved with good intentions, and protectionism has been PROVEN for GENERATIONS to do more harm than good because of ALL the unintended consequences it comes with.
Maybe these are too complicated for politicians’ tiny brains to comprehend, but I think YOU’ll get it.
Globalization and open competition have been KEY factors underpinning the long-term growth of the U.S.
Take semiconductors, for example. The U.S. used to DOMINATE global semiconductor manufacturing, but it’s lost about ¾ of its market share over the last 30 years.
HOWEVER, you can see from the blue line that its market share of the TOTAL semiconductor industry has actually GROWN since then as U.S. companies like Nvidia and Broadcom have captured some of the HIGHER VALUE parts of the supply chain, like chip design.
Intel lost its edge in manufacturing to companies like Taiwan Semiconductor and Samsung, but that’s OK!
We’ve lost some manufacturing jobs but GAINED even more HIGHER PAYING jobs in the same industry.
Part 1/2 of this USA series: https://youtu.be/z4KlOGzWa_E
00:00 Intro
00:35 Harmful Immigration Policies
2:58 Harmful Protectionist America First Policies
5:29 Deteriorating Strategic Relationships (i.e. China)
Instantly Unlock My Free Investing Workshop, "The 9 Secrets of Successful Investors" https://www.fundamentalsoffinance.com/9secrets
#usa #fundamentalsoffinance #immigration #protectionism #politics
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IRAQI DINAR REVALUATION: Every Lie Exposed (JPMorgan, Kuwaiti Dinar, Budget, Etc.)
IRAQI DINAR REVALUATION: Every Lie Exposed (JPMorgan, Kuwaiti Dinar, Budget, Etc.)
• My first 2 Iraqi Dinar videos had over 400 comments, so I’ve heard just about EVERY lie people have been told to make them believe it’s a good investment. Now it’s time for me to debunk every single one of them. Today we’ll be covering everything from lies about the historical valuation, to lies about the Kuwaiti dinar, to how they make it look like it’s NOT a scam, and ALL the lies they tell you about why it’s going to go up. And unlike those other channels that promote the dinar, I used to advise investment professionals at Merrill Lynch, Morgan Stanley, and UBS. Let’s get into it.
• The most common question I get, and this is actually a good one, is how can a currency be a scam?
o It’s a scam because it’s sold with huge fees on the false hope that it’s going to magically revalue up 1000x overnight, which is impossible.
o And how can these companies be scammers if they’re registered with the U.S. treasury? Because they register as “money services businesses” to get around the regulations that make it illegal to sell an investment without being properly registered, which they’re not.
o They put out fake articles with tons of false information that tout the potential of the currency and downplay the risks. All they care about is collecting their 20ish percent fees. It’s a scam.
• They reel you in by convincing you that huge returns are right around the corner. On June 9th, someone told me it would happen on June 18. It didn’t. Then there was a big meeting coming on June 25. Then they said July 2. IT’S BEEN GOING ON LIKE THIS FOR 20 YEARS!
o There’s always a next event that’s going to be the trigger.
o “The budget will be passed on a much higher valuation, you just wait.” “Ok the budget was passed based on the same valuation … but it hasn’t been signed yet, it’s going to be amended.” Of course, the deadline came and went, it wasn’t amended, and nothing happened.
o What people need to understand is that it is IMPOSSIBLE for a currency to revalue up 1000x over night like they’re hoping. A country cannot just CHOOSE to change the exchange rate. It doesn’t work that way. Currencies move based on supply and demand, so in order to move the currency, they’d have to dip into their reserves to buy a significant amount of dinar overnight.
o They definitely DON’T have enough reserves to push their currency up to $3, and it’s VERY unlikely they’d ever even TRY to use them that way. They need their reserves to maintain their peg to the dollar, and over the next few years they’re going to need even MORE of them to make up for their massive budget shortfall. At the current oil price, their reserves will be gone in a few years, so I doubt Iraq would want to burn through them any faster than they have to.
• That $3 dollar figure comes from the BIGGEST lie they tell, that prior to the war, the Iraqi dinar was worth more than $3 USD.
o That is false. The dinar was demonetized, aka made worthless, and the CURRENT version was CREATED in 2004. It did not exist before that. Here’s what happened. Before the Gulf War in 1990, the Iraqi dinar was worth over $3 because it was pegged there by Saddam Hussein’s autocratic regime. But after Iraq invaded Kuwait, UN sanctions stopped them from being able to physically get the paper they needed to print more of the same money. But they had to fund a war, so they NEEDED to print money. After that, they had 2 currencies. They created a NEW currency called the Saddam dinar, which was WAY over-printed and went from a value of $3 to 0.03 cents. The old bills became known as Swiss Dinars and only circulated in the Kurdish regions, which were not really controlled by Saddam Hussein and refused to accept the new currency. The Swiss dinars mostly held their value, for a while.
o Once Saddam was gone in 2003, they created the NEW currency that they use today.
o What happened to holders of the old ones? Listen closely because this
My Iraqi Dinar Playlist: https://youtube.com/playlist?list=PLS5eEYIup_Ywq0FgtGaMfEmlys9JzvCQg
00:00 My Credentials
00:30 "How Can A Currency Be a Scam?"
1:05 "Budget/Its About To Happen"
1:35 How Currencies Work
2:13 The Biggest Lie ($3)
3:53 Kuwaiti Dinar Lie
4:52 "The Iraqi People Want It"
5:27 "JPMorgan Is Investing In Iraq"
5:58 "Pepsi Is In Iraq"
6:37 A Currency Isn't "the stock of a country"
7:02 How Exchange Rates Work
7:25 "US Executive Order 13303"
7:45 Dollar Shortage
8:19 "Dinar is backed by gold/oil/assets"
9:11 "Germany and Japan"
10:20 "The FED and Central Bank of Iraq Are Keeping the Dinar Low"
10:52 Kim Clement
11:10 Quantum Computing
11:30 "US Has 35 Billion in Dinar Reserves"
11:49 "Warren Buffet Bought Iraqi Dinar"
12:00 "Someone Is Paying You"
12:07 The Purpose of My Channel
#iraqidinar #fundamentalsoffinance
Instantly Unlock My Free Investing Workshop, "The 9 Secrets of Successful Investors" https://www.fundamentalsoffinance.com/9secrets
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IRAQI DINAR REVALUATION
IRAQI DINAR
Here are the top 3 reasons the Iraqi Dinar revaluation is NEVER going to happen and why “dropping the zeros” would actually be WORST NIGHTMARE for any U.S.-based holder of the Iraqi dinar.
The first reason it won’t revalue is economic growth. I’m not saying it won’t grow… but buying a currency is NOT like buying the stock of a country.
Take Turkey for example… they’ve had some great economic growth, but irresponsible government spending has caused their currency to TANK.
And that brings us to reason #2, their government spending is COMPLETELY irresponsible.
They need $96 oil to pay for their budget that just passed for the next 3 years, but right now oil is in the 60s and we’re heading into a global recession. With oil at this price, their debt will SKYROCKET by almost 25% of GDP per year! That’s a recipe for disaster and would almost CERTAINLY lead to a WEAKENING dinar in the next few years.
The 3rd reason it will not EVER significantly revalue and “drop the zeros” like Kuwait is because A. that’s impossible… it’s not how currencies work… and B. that DIDN’T happen in Kuwait!
This is the NUMBER ONE way the dinar scammers mislead people. First, the pre-war Kuwaiti dinar is NOT the same currency as the current Kuwaiti dinar. It DID NOT revalue. The old currency was demonetized, aka made worthless, then they switched the Iraqi dinar for a while, and then a NEW currency was created after the war.
And since it is PHYSICALLY IMPOSSIBLE for a currency to appreciate 1000x overnight because they don’t have NEARLY enough foreign exchange reserves to make that happen, THAT is the ONLY way they can “drop the zeros” in Iraq, through demonetization.
How would that work in practice?
If they wanted to drop 3 zeros, like so many people claim, they would do that by demonetizing the current Iraqi dinar.
That means people would have a certain amount of time… maybe a couple months to a couple years… to GO TO IRAQ and exchange their old dinars for the new ones, but it would NOT be a 1 for 1 exchange. It would be 1,000 old dinars for 1 new one, so there would be NO CHANGE IN VALUE… except that if you DIDN’T go to Iraq in time, your old dinars would eventually become worthless. The VERY THING dinar holders have been hoping for, would actually be their worst nightmare.
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Iraqi Dinar Scam Is Back: Here's How To Avoid It
Iraqi Dinar Scam Is Back: Here's How To Avoid It
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WHY THE US DOLLAR WILL CONTINUE TO DOMINATE GLOBAL MARKETS! It is NOT Easily Replaceable
WHY THE US DOLLAR IS THE HIGHWAY FOR INTERNATIONAL TRADE AND IS NOT EASILY REPLACEABLE
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#usd #usdollar #fundamentalsoffinance
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THREE THINGS THAT DRIVE THE DOLLAR AND WHY IT COULD WEAKEN OVER THE NEXT TEN YEARS
Three Things That Drive The Dollar And Why It Could Weaken Over The Next Ten Years
Instantly Unlock My Free Investing Workshop, "The 9 Secrets of Successful Investors" https://www.fundamentalsoffinance.com/9secrets
00:00 Global Demand for Assets (Priced in $)
00:37 Interest Rate Differentials (1st driver)
1:27 Economic Crises (2nd driver)
2:00 Demand for US Stocks (3rd driver)
2:10 Quick Summary
2:33 Dollar Outlook Going Forward
Here’s what drives the dollar, and where it could go from here.
Like anything else, currencies are driven by supply and demand. When people around the world want to buy things that are priced in dollars, like U.S. stocks, bonds, real estate, or whatever, they need dollars to do that. In order to get them, they have to SELL other currencies and BUY dollars, which drives the dollar up.
So what REALLY matters for dollar strength or weakness is global demand for assets priced in dollars.
Demand for U.S. assets has been rising for 3 main reasons over the past 15 years, which is why the dollar has strengthened by over 35%, as you can see by the green line which shows the price of the dollar index using the numbers on the right.
The first, and MOST IMPORTANT reason for dollar strength has been interest rate differentials… which just means the difference between the interest rates you can get on U.S. government bonds vs. other bonds.
Think about it… if you can get a HIGHER yield on a U.S. treasury bond than a U.K. gilt or a German bund EVEN AFTER the cost of hedging your currency, why wouldn’t you do it?
Many foreign governments, institutional investors, and sovereign wealth funds bought treasuries for exactly that reason, which was a key source of the dollar’s strength.
You can see the relationship pretty clearly from the chart where the black line is the interest rate differential between U.S. and Eurozone bonds, and the green line is the dollar index. From 2009 to 2012, as the interest rate differential fell, the dollar weakened, and then from 2012 to 2020, as the interest rate differential rose, the dollar strengthened.
You may have noticed there have been two periods when this relationship DIDN’T hold up, and that brings us to the 2nd driver of dollar strength… economic crises.
If you focus in on the periods around 2008 and 2020, you can see that the interest rate differential fell, but the dollar strengthened.
That’s because the dollar is seen as a safe haven asset, so in times of panic, people usually park money in ultra-safe U.S. treasury bonds. What does that rising demand for U.S. assets do? It drives up the dollar. Also, it lowers the rates on bonds cuz remember, when bond prices go up, yields go down… and all that extra demand for treasury bonds drives their prices up.
The third reason for dollar strength over the past 15 years is demand for U.S. stocks, which have done WAY better than non-U.S. stocks, causing TRILLIONS of dollars to flow into the U.S. stock market and driving up the dollar.
To sum up our key points, currencies, like everything else, are driven by supply and demand. When people buy U.S. assets, they have to buy dollars to do that, so the dollar has strengthened due to higher demand for U.S. stocks and bonds.
And demand for U.S. stocks and bonds has been driven by strong U.S. stock returns, increasing interest rate differentials between U.S. and non-U.S. bonds, and a couple economic crises.
So where do we go from here?
Well, for about the last 7 months, the dollar has weakened because people have been expecting U.S. interest rates to fall MORE than European interest rates… aka the interest rate differential has been narrowing.
However, right now the market is ALREADY PRICING IN that the Fed is going to cut interest rates a lot by the end of the year.
There’s just one problem with that… the Fed is saying they’re NOT going to do that.
So I see two ways forward in 2023. Either the market realizes the Fed is NOT bluffing and they DON’T cut rates as much as expected, which would increase the interest rate differentials and likely drive up the dollar, OR we get an economic crisis, and they DO cut rates a lot… but what happens in an economic crisis? The dollar strengthens.
In my opinion an economic crisis is pretty much the ONLY way they would cut rates a lot this year. Remember, they cut rates to stimulate the economy and they raise them to fight inflation. Well, if inflation is above their 2% target, then they shouldn’t be cutting right? Ideally they’d still be keeping them high so inflation keeps falling. The ONLY way inflation falls to 2% or they decide to cut rates while it’s still higher, is if the economy, and specifically the job market, weaken significantly. THAT would only happen in an economic crisis, which typically causes the dollar to strengthen.
Over the longer-term, like the next few years, I DO think the dollar will weaken.
It goes back to the same drivers that made it so strong the (ran out of space)
#usdollar #thedollar #fundamentalsoffinance
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THE USA AND CHINA ARE SIMILAR IN THESE THREE AREAS: Politics, Military, and Economics // Here's Why
CHINA AND THE USA ARE MORE SIMILAR THAN YOU THINK: Here's Why
Instantly Unlock My Free Investing Workshop, "The 9 Secrets of Successful Investors" https://www.fundamentalsoffinance.com/9secrets
00:00 Intro
00:46 Politics
2:58 Military
4:18 Economic Policy
The U.S. and China have become the world’s two great powers, but years of jockeying for position on the world stage have deteriorated their relationship into what has been called the next cold war.
It’s become a rivalry for the ages. It’s East vs. West, communism vs. Democracy, Freedom Vs Control, Mexican Rice VS Chinese Rice and to viewers on BOTH sides it seems like their rival is some sort of EVIL foreign empire that wants to destroy them, but this COULDN’T be further from the truth.
In this video I’ll show you why the American perspective of China is flawed, why the Chinese perspective of the U.S. is flawed, and why both countries are A LOT more similar than you think.
The first way the United States and China are more similar than people think, is in their political systems.
The U.S. perspective here dates back in the FIRST cold war with Russia. That was portrayed in the U.S. as democracy vs. communism, and ever since, communism has had an EXTREMELY negative connotation in the U.S., even though I doubt most Americans could even define what it is.
The current Chinese form of communism is also actually quite different than the former Soviet Union’s, which deviated from Marxist principals and allowed for a lot more greed and corruption at the top… but most Americans just think “communism = bad.” What they don’t understand is that China is ALL ABOUT STABILITY. This is a theme that’s going to come up A LOT today. We may not always agree with their methods, but A LOT of what China does can be understood in these terms.
The Chinese see one party rule, with the Chinese Communist Party or CCP in power, as PARAMOUNT to the long-term stability of the country. From their perspective, the U.S. system of constantly shifting policy from the Democrats to the Republicans, where no one can plan ahead more than a couple years, and the two sides block each other from getting things done, results in a CONSTANT source of uncertainty about the future direction of the country. The U.S. sees democracy and the comprehensive system of checks and balances as a way of ensuring the government always represents the will of the people, and no one can ever have enough power for long enough to REALLY drive the country into the ground.
What the Chinese misunderstand about the U.S. perspective is that the U.S. is NOT trying to convert China into a democracy. Do we think our system is better? Yes, just like the Chinese think their system is better. At one point 30 years ago some politicians in the U.S. may have hoped China would one day become a democracy, but today, NO ONE in the U.S. is trying to intervene in China’s political system.
While U.S. democracy and Chinese communism seem at odds, they’re actually more similar than you think. China may not have competing political parties, but they DO have different factions, of sorts, WITHIN the CCP that counterbalance each other and vie for influence on political topics and the direction of the country. On the flip side, the U.S. often flips between the leadership of the Democrats and Republicans every few years, but make no mistake, BOTH of those parties would LOVE to win every single election and hold on to power forever, just like the CCP, if they could.
The second area area where the U.S. and China are more similar than people think is the way they manage their military objectives.
What the U.S. doesn’t understand is how lucky it is to be sandwiched between two close allies to the north and south, and two huge oceans to the east and west. China does not have that luxury. They’ve got an ongoing border dispute with India, a history of border disputes with Russia, who has just shown the wiliness to invade a neighbor, they’re well within striking distance of a nuclear-armed psychopath leading North Korea, they’ve NEVER gotten along with Japan… they’re SURROUNDED by danger, and remember, their #1 priority is STABILITY. They already have plenty of threats, so OF COURSE they don’t like the idea of the world’s #1 military power lurking around in their backyard. Do you think the U.S. would tolerate Chinese aircraft carriers in the Gulf of Mexico? Not a chance.
What the Chinese don’t understand about the U.S. perspective, is that we HAVE TO be there, but there’s not a chance in hell we’d ever attack China unprovoked. Through world wars and other treaties, the U.S. has gained a SIGNIFICANT amount of global influence and power by offering to protect our allies around the world from unwanted attacks.
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#china #usa #fundamentalsoffinance
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FEDNOW EXPLAINED: The TRUTH Behind Five Common Myths
FEDNOW EXPLAINED: The TRUTH Behind Five Common Myths
Instantly Unlock My Free Investing Workshop, "The 9 Secrets of Successful Investors" https://www.fundamentalsoffinance.com...
00:00 FedNow VS CBDC
1:35 Myth 1: The Government Will Spy On You
2:15 Myth 2: The Government Will Control Your Spending
3:06 Myth 3: Cashless Society
3:58 Myth 4: Money Supply Manipulation
4:13 Myth 5: Social Scoring System
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#fednow #fednowexplained #fundamentalsoffinance
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FIVE REASONS WHY CHINA WILL NOT OVERTAKE THE USA
Do you really think China is going to become the world's top country? Everyone acts like it is a done deal. But in this video, I’m going to share 5 compelling reasons that will make you question whether China will ACTUALLY take over the world.
Instantly Unlock My Free Investing Workshop, "The 9 Habits of Successful Investors" https://www.fundamentalsoffinance.com...
REASON #1 The days of China’s 8-10% annual GDP growth are probably over.
The first indication is that their target for 2023 is only 5%, even though they’re recovering from a major downturn in 2022. And going forward, 4 of their MOST CRUCIAL sources of long-term growth are in question.
First, a HUGE driver of growth over the last 30 years has been government policy that supported opening and reform, but under President Xi, China has reversed course and become more closed and autocratic. There’s been more surveillance, more intervention in the economy and private businesses, more censorship, harsh lockdowns… preserving the party’s power trumps everything.
Second, the entire business model of the property sector, which makes up 20-30% of the economy, is broken. There have already been multiple defaults and business failures, and the government’s recent interventions basically just kick the can down the road instead of actually solving the problem, which reminds me a lot of the Japanese policies that created an army of zombie companies and led to a lost decade.
Third, the government is cracking down on local government financing vehicles, or LGFVs, which drive infrastructure investment and have been one of most important sources of economic growth over last 20 years. The problem is that they’re full of corruption and their debts have BALOONED to almost $10 trillion dollars, about half of the country’s GDP.
And that leads us to our fourth driver, credit aka debt expansion, which has fueled growth for a long time but will NOT be able to continue at the same pace. Debt isn’t just a problem in the LGFVs, it’s a problem throughout the ENTIRE corporate sector. China’s debt ratio hit 300% of GDP last year and the government KNOWS this is a problem, hence the crackdowns on LGFVs and the slower growth target this year. Tackling this problem is a GOOD thing, but it DOES weaken a key source of their long-term growth.
REASON #2 The second reason to be skeptical about China’s inevitable rise is that their plans for expanding their global influence have some serious limitations.
a. The first one is the belt and road initiative, or BRI, which provides loans to build projects in poor countries around the world. Some governments PREFER China because China doesn’t make them do things like respect human rights and implement government policies to help them actually pay the loans back, which are often requirements to get loans or aid from Western countries. However, when something seems too good to be true, it often is, and a lot of countries are starting to figure that out. Generally these loans have come with strings attached, like all the construction contracts go to Chinese companies instead of hiring local workers, and then when the country can’t pay back the debt, China gains influence over them or control of key resources. The strategy has come to be known as “debt trap diplomacy” after Malaysia, Sri Lanka, Pakistan, and literally DOZENS of countries have gotten in trouble with Chinese debt. Not only are these countries now getting a little more skeptical about accepting loans from China, but China is getting a little more skeptical about giving them out, since they’re tired of not getting paid back, so BRI funding has been dropping SIGNIFICANTLY, and thus so has its ability to expand their global influence.
b. The BRI slowdown is just one of MANY reasons that China’s rising global influence may have some serious limitations. The communist party’s increasing control over companies has led to increasing skepticism among foreign governments. A lot of them banned Huawei’s 5G equipment, MANY countries have banned Tik Tok from government devices, India banned it completely, and many mergers and acquisitions around the world have been blocked on national security grounds. Rampant IP theft, things like retaliatory tariffs on Australian wine, a hacking campaign against South Korea, and the lack of an independent judicial system aren’t helping win friends or build trust, either.
c. Another point of contention has been their human rights record. In Xinjiang, they locked up over a million Uyghurs for offenses like having a beard or saying there’s a god. These issues aren’t new and have been widely known, but what’s CHANGING is that more governments have been willing to STAND UP to China lately, which could be a sign of their waning influence.
#china #usa #fundamentalsoffinance
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