The Chinese Money Trap

[Music] hi what you see here is $10,000 on the table you can take this money as alone but I will charge you a little bit of interest rate like most people you take the money and you go buy a nice car but in ten years it's time to pay me back and because of interest rates now you owe me twenty thousand dollars and not ten you will say I don't have money to give you and if you don't I take your car and a piece of your house this is how death works and after three years of traveling the world I noticed that this is exactly what China is doing for example take the small island nation of Syria line down this developing country needs money and China has a lot of it so Cyril ANCA took billions of dollars in Chinese loans it was easy money just there to be taken and with that they built skyscrapers highways airports and shipping ports the country grew and prospered but few years later this easy money came with interest rates and Sri Lanka was so much in debt that it couldn't pay back China its money and the only way out was to give China control of what they had built in other words Sri Lanka lost a piece of its home to China because of the this is the Chinese money trap and it's a real thing that I saw all over the world in Papua New Guinea I saw two billion dollars in loans given by the Chinese to build skyscrapers infrastructures and ports but there is no way this remote developing country can pay it back or its interest rate and the only way out is to give China control of the country in the Maldives Pakistan Malaysia Laos Kazakhstan Mongolia age' Pena and South Africa the same thing is happening and many countries are struggling to pay back Chinese loans if you look closely all these infrastructure projects like highways ports and bridges connect to China through the sea or through the land to form something far bigger far more powerful than just a bridge a new Silk Road the world is already made by China and I think slowly it will be owned by China don't get me wrong building bridges ports highways and airports is a great thing for the people in the country but they come at a very high cost and when these countries can't pay back the loans these countries will lose their homes one thing my parents had taught me is that there's no such thing as a free lunch or a free ride so if we're not careful with our money or other people's money then we better start learning Chinese yeah sure [Music]

Channel: Nas Daily

Views: 5,827,188

Keywords: china, money, trap, debt, nas daily, diplomacy

Id: 4qzEVyYCOV0

Length: 3min 34sec (214 seconds)

Published: Wed Oct 02 2019

Reddit Comments

[u/tequiila]

On the posertive note: they did not invade or have a proxy war killing natives like some other countries

Dissapointing: that the government is like a teenager with their first credit card and unable to correctly manage money to pay the debt in time.

Even if this was China's goal it was the government's fault missing the fine print. I wouldn't be surprised some individuals made allot of personal cash out of this and let the country down.

[u/Specialist-Pen-3329]

I'm just waiting for our lord and saviour Xi. Can't wait to see him ruling over us.

[u/77mocha77]

And the same guy once said this My biggest money mistake! about Sri Lanka.

[u/unique_MOFO]

Soon, China will have SL in their firewall and internet freedom will go bye bye. Maybe we'll get arrested if we utter the forbidden word tea an men box.

[u/ThimanthaOnReddit]

The video is from 2019 :P

Still relevant, but old.