AgeOfEnlightenmentSCP
Distinguished Associate
Joined: Dec 21, 2010 11:59:07 GMT -5
Posts: 31,709 
Favorite Drink: Sweetwater 420
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Post by AgeOfEnlightenmentSCP on Aug 23, 2019 10:40:33 GMT -5
NAIROBI, Kenya—Some African countries are canceling Chinese development projects and licenses as governments wake up to the potential risks of such deals. www.theepochtimes.com/african-countries-take-bold-step-to-cancel-chinese-investment-projects_3038776.htmlOutside of Africa, Malaysian Prime Minister Mahathir Mohamad, during his first visit to China in August 2018, after winning the election, announced the cancellation of three OBOR projects: the East Coast Rail Link and two gas pipelines, the Multi-Product Pipeline and Trans-Sabah Gas Pipeline. |
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dondub
Senior Associate
The meek shall indeed inherit the earth but only after the Visigoths are done with it.
Joined: Jan 16, 2014 19:31:06 GMT -5
Posts: 12,110
Location: Seattle
Favorite Drink: Laphroig
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Post by dondub on Aug 23, 2019 11:25:22 GMT -5
“Debt traps”. Like the IMF? Are they copying us again?
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billisonboard
Community Leader
Joined: Dec 20, 2010 22:45:44 GMT -5
Posts: 37,456
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Post by billisonboard on Aug 23, 2019 11:28:02 GMT -5
Always good when a nation's leadership looks critically at contracts they are getting themselves into.
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Tennesseer
Member Emeritus
Joined: Dec 20, 2010 21:58:42 GMT -5
Posts: 63,436
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Post by Tennesseer on Aug 23, 2019 13:10:41 GMT -5
Speaking of The Epoch Times; they have been in the news the last few days: Facebook bans ads from The Epoch Times after huge pro-Trump buyBy hiding its multimillion-dollar dark money ad spend, the organization bypassed Facebook's political advertising transparency rules. Facebook has banned The Epoch Times, a conservative news outlet that spent more money on pro-Trump Facebook advertisements than any group other than the Trump campaign, from any future advertising on the platform. The decision follows an NBC News report that The Epoch Times had shifted its spending on Facebook in the last month, seemingly in an effort to obfuscate its connection to some $2 million worth of ads that promoted the president and conspiracy theories about his political enemies. "Over the past year we removed accounts associated with the Epoch Times for violating our ad policies, including trying to get around our review systems," a Facebook spokesperson said. "We acted on additional accounts today and they are no longer able to advertise with us." Facebook's decision came as a result of a review prompted by questions from NBC News. The spokesperson explained that ads must include disclaimers that accurately represent the name of the ad's sponsors. Complete article here: Facebook bans ads from The Epoch Times after huge pro-Trump buy |
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happyhoix
Distinguished Associate
Joined: Oct 7, 2011 7:22:42 GMT -5
Posts: 20,882
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Post by happyhoix on Aug 23, 2019 16:18:03 GMT -5
Dow dropped 600 points today on trade war fears.
But hey, African nations are cancelling Chinese investment projects, so MAGA, I guess.  |
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djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,086
Mini-Profile Background: {"image":"","color":"000307"}
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Post by djAdvocate on Aug 23, 2019 16:30:49 GMT -5
gold and silver skyrocketed +2% to 7 year highs.
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happyhoix
Distinguished Associate
Joined: Oct 7, 2011 7:22:42 GMT -5
Posts: 20,882
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Post by happyhoix on Aug 23, 2019 16:32:17 GMT -5
gold and silver skyrocketed +2% to 7 year highs. Isn't that usually something that happens in a recession, as people take their money out of the stock market? |
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djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
Posts: 75,086
Mini-Profile Background: {"image":"","color":"000307"}
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Post by djAdvocate on Aug 23, 2019 16:37:29 GMT -5
gold and silver skyrocketed +2% to 7 year highs. Isn't that usually something that happens in a recession, as people take their money out of the stock market? it usually portends a weakening dollar. and that, in turn, leads to other things.
it would be a good time to point out that Trump seems to think devaluing the dollar is a ducky idea, which is WHY I moved so much money off the table when he became president.
dollar deflation is very bad for me PERSONALLY, but it is very good for my US owned companies, as it makes our products more competitive in the world market.
if the US were a better exporter (ie- positive trade balance) it would be good for us as a nation. unfortunately, it is not good for us as a nation, because we are a net importer.
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