The faces of American politicians make American economists feel unbearable to look at them directly.
Not long ago, Michael Hudson, an expert on US economic analysis, seriously criticized some of the practices of US Treasury Secretary Janet Yellen.
The core meaning is that Yellen, on behalf of the United States, is trying to persuade countries that owe China's foreign debt to let them pay off their debt to China, and then use the money to pay off the money owed to the United States.
The World Bank is a weapon of the US military
Do you remember that at the beginning of this year, Egypt's currency depreciated by 40 percent? It was because Egypt was unable to repay the World Bank loan that it had to be forced to devalue the Egyptian pound and at the same time hand over its state-owned assets to the United States.
In Egypt, prices are skyrocketing
In this way, low-priced, high-quality assets that have been devalued have entered the wallets of Americans.
Michael Hudson commented that the World Bank is basically a weapon of the US military, and for 75 years, the purpose of the World Bank's loans to developing countries has been to prevent other countries from becoming self-sufficient in food and other necessities, and to allow them to import from the United States and eventually become satellites of the United States.
World Bank
"Unless these countries are going to sell their remaining natural resources, land and industry to investors in the United States and Europe, they simply can't pay these dollar bonds, and that's the financial crisis the world is facing today," Hudson said. ”
It is worth noting that it was after the Russian-Ukrainian war that Egypt lost the low-priced grain of Ukraine, a big granary, and was disturbed by the Palestinian-Israeli conflict, which interfered with the Suez Canal and tourism income, resulting in double embarrassment, and it had to import grain from the United States to repay its debts.
"First of all, China should pardon other countries for all their debts to China, and then these countries should confiscate all Chinese investments in these countries by seizing and confiscating all the ports. And then sell all these assets to buyers on Wall Street, and use the money to pay off dollar creditors, this is the logic of American politicians. Hudson said.
Bomb you if you don't pay your debts, or make you a second Libya
Now, some debtor countries are being forced to choose between becoming part of the dollar zone, helping the United States stand up to China and refusing to pay all Chinese loans and investments. Or, follow China.
The countries that the United States has promoted color revolutions are now in trouble
Hudson explained the logic of American politicians: "If you (debtor countries) do what the United States wants, the United States will not bomb you, and the United States will not kill you." But if you don't go according to the will of the United States, the United States will launch a color revolution to kill people, and the United States will make your country a second Libya. ”
Hudson believes that as long as debtor countries do not obey, this is the solution that the United States offers to the world. And what can China come up with? This is the dilemma of world diplomacy today.