The IMF has been playing God in poor countries that have natural resources for years. With China being able to print money on demand, they are acting as a defacto IMF. Right now, the country of Angola, which is rich in oil, is billions in debt to the Chinese. The Chinese came in and "loaned" Angola billion and were also awarded construction contracts to build massive cities that-- wait for it-- nobody lives in.
Picture that in your head. Chinese workers were brought into a poor country and PAID to build massive concrete cities-- and nobody lives in these massive cities. Not a person. Not one. Don't believe me? Come on-- tell clob he's full of sh!t and there's no way this happened. Tell clob that nobody would build a huge city in Africa that housed zero people.
Did you say it out loud yet? Did you say there's no way this is real? Well, it is real. I've seen it with my own little eyes. Twice.
www.google.com
Have a look.
This article is over 8 years old. Those buildings are completely empty.
Now Angola owes China a sh!t pot of money. Does China take money as payment? Nope.
When 5 supertankers filled with oil leave Angola, only 1 tanker goes to market. The other 4 sail straight to China. It's payment of debt.
This is coming to the United States. We already owe China TRILLIONS in debt. We also owe Russia Trillions as well. They could combine their efforts and crater us economically whenever they wanted. The world bank couldn't bail us out. The Fed couldn't bail us out and the IMF could bail us out. If all three combined their efforts we still couldn't be bailed out.
The only way to prevent this is to continue to push back against China. It's our only chance at survival. And because most americans are dumber than a bag of hammers, they don't understand this. They just elected a guy that will literally send his VP to China so she can get on her knees and suck the wang of Mr Xi. That still won't be enough. We are fvcked under this administration.