The SDR expansion proposal has been circulating for years, lately under the pretext of aiding developing countries affected by the pandemic. Expanding SDRs would open the IMF’s front door to many more morally hazardous bailouts—even to oppressive and/or corrupt regimes. The potential SDR windfall for China could run into the hundreds of billions—and Beijing’s debt-trap diplomacy could continue apace.
On his first full day in office, President Biden signed a massive executive order that, among other things, will allow the Chinese government to get into the American electrical grid.
China is taking advantage of the White House’s changing attitudes by issuing a “red line” that it expects Biden not to cross.
By Mike Miller | RedState | Feb 01, 2021 During a May 2019 campaign stop, Democrat presidential candidate Joe Biden declared China is no competition for the United States, while simultaneously mocking those who disagreed with him — with a comment that riled lawmakers on both sides of the aisle: “China is going to eat our lunch? Read More…
The Biden admin’s executive actions in the last 48 hours are attacking farms and implementing the technocratic takeover of food, accelerating a global collapse in food production by paying farmers NOT to grow food.
We’re told that Biden is going to be tough on China because the new President has called Xi a ‘thug’. But look at the realities.
By Trevor Loudon | COUNTERPUNCH | January 15, 2021 Right under our noses, China-backed American communists did mass voter registration drives in Virginia. The goal? To manipulate minority populations to vote Democrat to turn the state blue … next stop North Carolina, Georgia, Tennessee, Florida, and Texas–ending in a one-party state America.