As the World Economic Forum winds down, there were two significant takeaways: 1) In order to curb Climate Change, the EU announced they were moving the goal posts and from now on nuclear and gas would be considered GREEN, so as to hail their compliance and grand achievements, and 2) IMF Chief said the Pandemic must be contained in order to fix the supply chain discombobulation. “This requires spending billions to make trillions.” In her world, that spending is on CoVid.
Managing Director Kristalina Georgieva stated that it isn’t just the fault of central bankers, ‘changing labour markets and other issues’ are feeding the inflation. You know – stuff. Sounds eerily like AOC talking points.
REGLOBALIZE!
Calling for a geographically balanced resilient supply chain the WEF site their true Order: We want to see a greater shift in manufacturing to undeveloped countries like Ethiopia, Vietnam, and Cambodia. In so doing, this move will solve the inequality problem and supply chain snaffoos in the future.
WHOA! What the HECK?
It would appear, that China is out, India is out, and these three specific countries are in. WHY? Or Maybe It IS Classic Double Speak….
Cambodia: Labor is paid $6 a day. Their entire population is 16 million and their factories are already working at near maximum capacity. Their infrastructure needs repair, their manufacturing capacity needs expansion which would require new laborers. NOT a viable powerhouse.
Vietnam: “Chinese manufacturers have been moving their factories to Vietnam since the early 2000s because sourcing from Vietnam offers refuge from the brutal competition of Chinese businesses. This is turning a large portion of Vietnam’s manufacturing industry into an extension of China’s industry.” In other words – it is mini-China.
Ethiopia: Africa is considered the final frontier of the 4th Industrial Revolution. In 2019, the IMF declared Africa the world’s second-fastest growing region, predicting that it is well on its way to becoming a $5 trillion economy. Household consumption was expected to increase at a 3.8%annually reaching $2.1 trillion by 2025. IN fact, China has recently invested $10 billion into the fashion industry outsourced in Ethiopia. But’s only a smidgeon of the Truthism.
50% of Ethiopia’s debt is to China. Of course, information between the two is scarce, opaque, and seemingly the charm of the IMF and WEF.
When the IMF and WEF pronounce an African country as being the source for our ‘Reglobalization’ they are really detailing a shift from mainland China to Chino- Africa. And all the other hubrub is merely a distraction. What we can derive from this pronouncement by IMF Director Georgieva, is that billions will be spent flowing into the Chinese economy via these entities, so that China becomes the Global Power Vacuum.
And suddenly Ukraine emerges as a ‘DISTRACTION’.
Given that Xi Jinping was the primary global speaker at the WEF zoofest, it is no coincidence that the Banks would focus on China Assets for global billions in investment.
How quaint.
Essentially China is now effectively abandoning it’s own labor workforce to more lucrative low cost labor in favor of Africa, Cambodia and Vietnam where workers are available given the China labor force was eradicated by CoVid. Shhh – don’t tell anyone… Ethiopia claims CoVid deaths have skyrocketed to 7200 since it’s inception amongst a population of roughly 110 million. Equating to a death rate of .0065% or .0032% per year.
The purpose of this IMF, WEF, idiotic debacle is the fact that China needs a booster given their workforce was annihilated by CoVid. Outstanding loans are the impetus.
China has made opaque loans to various African and Asian countries knowing that the default would realize China ownership of Country Assets, Mineral Rights, and majority ownership of the country.
That was the Point.
The fact that the IMF and WEF have agreed to rape themselves and the global economy in favor of China dollars only further degrades their value and integrity to the pit of Hell. Led by Two WOMEN. With the secondary subject at the Forum being ‘why they are hated so much’ – this naiveté only serves to reduce their intellect and business acumen to the level of a slug on a sidewalk. Step on it and it dies. But in China it is a delicacy at restaurants.