One Belt, One Road, and One Debt Hangover[Ed. Note: Jim Rickards’ latest New York Times bestseller, The Road to Ruin: The Global Elites’ Secret Plan for the Next Financial Crisis, is out now. Learn how to get your free copy – click HERE. This vital book transcends geopolitics and rhetoric from the Fed to prepare you for what you should be watching now.]China is not only one of the world’s largest debtors, it is one of the world’s largest creditors.

Jean-Claude Van Damme, Scott Adkins, Andrei “The Pit Bull” Arlovski and Dolph Lundgren star in UNIVERSAL SOLDIER: DAY OF RECKONING, which ups the ante in the. Watch Full movie: Universal Soldier: Day of Reckoning (2012) Online Free. John looks to take down Luc Deveraux after a home invasion claims his wife and. Luc Besson and EuropaCorp will soon face shareholders to deal with the fallout of the flop of "Valerian and the City of a Thousand Planets.".

China uses debt not in the customary financial manner, but as a political tool to generate employment and maintain social stability. Likewise China uses loans and investment as a tool to advance its strategic interests. This may be good geopolitics in the short run, but it will be a disaster economically in the long run. Just as Chinese state owned enterprises (SOEs) can’t repay debts to Chinese banks, China’s foreign partners will not be able to repay debts to China itself. These twin disasters- in- the- making may converge in such a way that China’s assets disappear or become illiquid at exactly the time they are most needed to bail- out its own banking system. China has launched four major overseas investment initiatives in the past ten years.

The oldest is their sovereign wealth fund, China Investment Corporation, or CIC, established in 2. Sovereign wealth funds are a way for countries to invest their reserves in securities other than safe instruments such as U. S. Treasury notes. CIC today has assets of over $8. Some of CIC’s investments are directly- owned enterprises, including gold mines in Zimbabwe. While these assets may outperform Treasury notes over time, they are also illiquid, and would tend to decline in value during a financial panic.

Feature film production and distribution, video and DVD worldwide distribution, and production of programs for television broadcast and syndication. Cast :-Kunal Khemu,Tulip Joshi,Aushima Sawhney,Reema Lagoo,Darshan Jariwala,Kishori Shahane Director :- Rohit Jugraj Writer :- Rahul Singh Producer. Watch Every Secret Thing Online Hoyts. John looks to take down Luc Deveraux after a home invasion claims his wife and daughter. The fight pits John against Andrew Scott and an army of genetically enhanced. The Tomatometer rating – based on the published opinions of hundreds of film and television critics – is a trusted measurement of movie and TV programming quality.

This means that about 2. China’s reserves are unavailable for critical tasks such as bailing out the banking system or defending the currency. The second and third initiatives are the New Development Bank, NDB, created by the BRICS in 2. Asia Infrastructure Investment Bank, AIIB, created by China in 2. These have participation from 3. Asia/Australia region, and 1. Europe. The United States refused to join.

Corbyn's day of reckoning for the rich: Labour leader vows to take back the people's wealth. and says Marx had good ideas. Jeremy Corbyn will pledge to bring down.

Although NDB and AIIB are both multilateral institutions, China was the principal sponsor and a major source of funding. It provided about $1. NDB and $3. 0 billion to AIIB. These banks will expand their lending capacity by issuing notes and will fund infrastructure projects in competition with the World Bank and its regional development banks — without interference from the U. S. on priorities. By far, the most ambitious outbound investment effort by China is the “One Belt, One Road” initiative. The “belt” refers to overland routes from central China to Europe. Stream Family Guy Online Season 11 more.

The “road” refers to maritime routes from eastern China to Southeast Asia, Africa, and Europe. Why Him? Full Movie Online Free. It is a recreation of the original Silk Road caravan route of the thirteenth century, and China’s glory days as a naval power led by Admiral Zheng He in the Ming Dynasty in the early fifteenth century. The scope of the One Belt, One Road initiative is immense.

It will include port facilities, railroads, highways, telecommunications channels, airports, transshipment facilities, renewable energy sources, and more strung out from Xian to Rotterdam, and from Guangzhou to Venice. The graphic on the previous page shows the main corridors of the belt and road, but there are many ranches and capillaries not shown in detail. Of these offshoots, one of the most critical is a transportation link from Kashgar in western China to the port of Gwadar on the Arabian Sea in Pakistan. This route passes through disputed territory in Kashmir that could lead to a war with China and Pakistan on one side, and India on the other. Another critical belt link runs from Kunming in southern China through Myanmar, Thailand, and Malaysia before terminating in Singapore. Main routes in China’s “One Belt, One Road” Initiative are shown above. The overland belt is in green and the maritime road is in blue.

At a global leaders’ summit in Beijing on May 1. President Xi Jinping of China laid out his vision for the One Belt, One Road and committed $5. Vladimir Putin, president of Russia, was one of many foreign leaders present. The U. S. sent a low level delegation, probably including CIA assets, attempting to get a read on Putin, Xi and the North Korean delegation. The problem with One Belt, One Road is that many of the potential recipients of development loans are not highly creditworthy or have a track record of defaulting on debts or requiring substantial debt restructuring in order to stay current.

As with Chinese bank loans to SOEs, the NDB, AIIB, and One Belt, One Road efforts are not primarily economic but political. China is seeking to use its economic clout to create jobs and control critical infrastructure. In the end, China is attempting to create a geopolitical sphere of influence of even greater scope than the Japanese Empire prior to World War II, called by Japan “The Greater East Asian Co- Prosperity Sphere.”As with its other policies, China will turn liquid assets into illiquid assets in order to pursue its ambitions. This could make sense if nothing goes wrong. But, things will go wrong. China will face a monumental liquidity crisis sooner than later and find that its liquid assets have been turned into bridges to nowhere. All the best,Jim Rickardsfor The Daily Reckoning.