public debt owed to China, as % of GDP; Edgar Cayce in 2100 AD in Nebraska

7-4-19     According to the study by a German-American team of academics under the leadership of Harvard professor Carmen Reinhart, China exports more capital to developing and emerging countries than all other industrialized countries put together.  Moreover, numerous conditions are attached to the loans that weigh heavily on their recipients.

  Whereas Western governments and multilateral organizations generally attach low interest rates and long repayment periods to their loans, China tends to impose short periods and higher rates.  To ensure that the loans are paid back, the contracts guarantee Beijing a number of rights, such as access to foodstuffs, raw materials or the profits of state-owned companies in the recipient countries.  Frequently, the Chinese government directs the money straight to Chinese companies that have been contracted to build airports, ports or dams, an approach that creates a closed financial loop without the involvement of a single foreign account.

  In addition, more than 75 percent of the direct aid loans provided in recent years have come from two state-run financial institutions: the Export-Import Bank of China and the China Development Bank.  That means that the government is constantly informed of every phase of their aid projects and when crisis befalls creditor countries, China is well-positioned to grab its collateral ahead of other creditors.  The study notes that China has developed a new form of development aid in which state loans are provided at commercial terms….

  In Sri Lanka, for example, China took control of a port after the government ran into difficulties servicing its debt.  In Ecuador, Beijing secured 80 percent of the country's oil revenues to compensate for the costs associated with an enormous dam project. In Zambia, which owes China an estimated $6 billion, regime critics are concerned that Beijing will take over the state energy supplier Zesco.   Fears are also growing in South Africa, where President Cyril Ramaphosa is thought to have negotiated loans and subsidies worth 370 billion rand (the equivalent of around 24 billion euros) during a state visit to Beijing last fall.     https://www.spiegel.de/international/business/chinese-loans-pose-risks-to-developing-world-a-1275643.html
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  A believer in reincarnation,

Edgar Cayce had a dream in 1936 in which he saw himself reborn in 2100 AD in Nebraska, which by then will be on the west coast of the US.  In this vision he was trying to convince a group of scientists that he had lived some 200 years before.  In order to collect evidence of his former life, he flew east in a cigar-shaped metal airship to an island where workmen were clearing rubble and rebuilding a city.  When he asked where he was, a worker replied that he was in the former city of New York on Manhattan Island.   http://twilightstarsong.blogspot.com/2010/07/views-of-2100-future-with-cayce.html
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