Tag: Debt

A China Wins Twice Proposition: The Belt and Road Initiative

China’s dazzling infrastructure and energy-driven Belt and Road Initiative (BRI), a US$1 trillion investment across Eurasia and beyond, has lost its shine. Increasingly, China’s leveraging of the initiative is being perceived by a growing number of recipients and critics alike as a geopolitical power play, a tool to shape a new world order partly populated by autocrats and authoritarians, and...

Is Debt China’s Achilles Heel?

China’s credits to various countries along its much-discussed Belt and Road Initiative (BRI), the most ambitious infrastructure undertaking in history, have recently been criticized for drawing poor countries into a debt trap by extending huge credits. Myanmar is often cited, as well as Sri Lanka. Malaysia and Pakistan are renegotiating multi-billion-dollar projects of previous regimes. What is not widely being...

France’s Yellow Vests: Fuel Tax Hike Triggers Poverty, Finances War and Repayment of the Public Debt

The Western media in chorus upholds France’s President Macron against the Yellow Vests Movement, which it describes as “Climate Deniers”. The New York Times casually describes the fuel tax hike as a carefully formulated economic policy to fight global climate change. It’s a lie.  Hikes in the fuel tax applied Worldwide in more than 120 countries are part of a...