Yes, that is the setting. It is not a new setting, we have seen it before and it comes with a surprise, just like the Ferrero kinder surprise.
It is a chocolate egg, but in the middle there is a toy, a surprise. And ego versus tax dollars also have a surprise for the people. Yet in this case it is a little less nice, in this case the people, the tax payers pay either way and optionally they get to pay both ends of the equation. This is seen in BBC article ‘Multi-billion EU bid to challenge Chinese influence’ (at https://www.bbc.com/news/world-europe-59473071). Here we are given “It’s regarded as part of the West’s efforts to counter Chinese influence in Africa and elsewhere. European Commission President Ursula von der Leyen will present the “Global Gateway” initiative on Wednesday. The EU is looking at how it can leverage billions of euros, drawn from member states, financial institutions and the private sector”, now consider the setting:
- member states
- financial institutions
- the private sector
And here is the rub, here we see how the tax payer gets that bill twice. Or a speculated once for the duration of twice the timeline. The member states sounds nice, yet the credit cards of France, Germany, Belgium, the Netherlands, and Italy are severely overdrawn. So who will pay? Poland? Austria? Hungary? Estonia? Gimme a break please.
Then we get the second setting the ‘financial institutions’. Yet they will BORROW you the money for an interesting percentage, which means that a load with up to 15% interest is still payable by the tax payers.
The private sector? Who has that kind of cash? I reckon that Webuild SpA (formerly Salini Impregilo SpA) will take the job, as long as they get the job with a few long term tax benefits, optionally at cost + 3% + tax benefits. And who do you think pays for it in the end? Yup you got it, the poor poor taxpayer (you).
As such when I see “It has been criticised as a means of providing “predatory loans” in what is labelled “debt-trap diplomacy”” I am not opposing this (as I never looked at that data), yet the wording is almost exactly like the big tomato of MI6 (you say potato, I say tomato). Isn’t that a nice coincidence. Almost orchestrated. Now, I accept that it might be true, but in that same way Iran has been doing all over the Middle East and the same parties were eager to avoid shining the limelight there, and now that Huawei has a much stronger case (made in Saudi Arabia) and their 5G is 700% faster then anything the US has. The link here us that both Huawei and Saudi Arabia have a larger case for Egypt and that matters. With Neom city smack in the middle, they are likely have an operating 5G network long before the US figures out that marketed speed is not the same as real speed, but they will and they will see the cost involved. In that same light the BS approach to the arms deals with Saudi Arabia, China has a larger stage now, a stage that will cost the US well over 9 billion with a nominal maximum of $23,000,000,000 over the next 5 years, revenue handed to China and we see European Commission President Ursula von der Leyen getting ready for a presentation that is as I personally see a joke the EU cannot afford. Not with the US handing business over to China as they did over the last 12 months alone.
So when we consider “Mrs von der Leyen said in her State of the Union speech in September: “We want investments in quality infrastructure, connecting goods, people and services around the world.”” We need to see the word ‘investments’, which is nice, but does that not imply that you have the funds? If not (which is the case) it ends up being a mere ego loan and that is not what is supposed to happen. I am not against it, as long as CORPORATIONS are properly taxed and that has been a horse no show for over two decades. I wonder what happens if Huawei and not Amazon decided to buy my 5G (and a few other matters). We then get a setting that shows that the European ego race was over before it even began, it was over when the ego driven tailored to stop the innovations because it did not give them a nice percentage, that is the larger stage we need to see and that is merely one of 4 elements stopping this ego driven presentation that is coming in hours. So even as we are given “Wednesday’s 14-page document isn’t likely to explicitly pitch itself as a rival to China’s strategy.” A setting that gives us the not explicit, it is relying on implied settings, a stage that can be revamped any given stage and there is the second rub, if you cannot go out and say what you mean, you can never mean what you say. That has been a truth for a lot longer than we had the internet. The EU relying on nudge-nudge-wink-wink settings (sorry Monty Python). When was the last time time you saw that going well? And now it involves multi billion euro plans that they cannot even afford. So in the end you the tax payer (if you are in the EU) get to pay that bill too. So hows that going against the rising prices of energy, Gas and petrol? Oh and how about the food prices, inflation of food which was 0.1% in April 2021, which is 2.3% in October 2021. Which is nothing to what I saw at the supermarket. I saw minced meat go up almost 20% in the last few months. So enjoy that extra tax bill with all the expenses you have in Europe. You elected what is there, so you get what is coming.