China's One Belt One Road Could Make Or Break This Poor European Country...

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China's One Belt One Road Could Make Or Break This Poor European Country (HBO)
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VICE News
Published on Jun 13, 2018

Trish Regan and former Trump Deputy National Security Adviser K.T. McFarland on the growing tensions between the U.S. and Iran.

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London.

Subscribe to Fox Business! economic collapse that is on our doorstep, because the economic numbers are really starting to deteriorate very rapidly now.  On Tuesday we got some more new numbers, and they were just as bad as we thought they might be.  But even before today’s numbers all of the data were telling us the exact same thing: economic collapse is coming. 

The world has never seen anything like this ever before, and one of the central themes of Epic Economist youtube channel is that these bad economic numbers will destroy our society with a horrible stock market crash and financial collapse:

The New York Fed’s Empire State manufacturing index just suffered the worst one month decline in U.S. history, Morgan Stanley’s Business Conditions Index just suffered the largest one month decline that we have ever seen, global trade numbers are the worst they have been since the last financial collapse, and just last week I detailed the complete and utter “bloodbath” that we are witnessing in the U.S. trucking industry right now.  So considering what we already knew, it shouldn’t have been a surprise that new home sales in the U.S. were down a whopping 7.8 percent during the month of May: The Commerce Department said Tuesday that new homes sold at a seasonally adjusted annual rate of 626,000 in May, down from 679,000 in April. During the first five months of the year, purchases of new homes have fallen 3.7% compared to the same period in 2018. Those are absolutely horrible numbers, and this is precisely what an economic crisis looks like.

On Tuesday we also learned that U.S. consumer confidence is rapidly declining. Once again, this is precisely what we would expect to see during a recession.

In the fiscal fourth quarter, which ended May 31, FedEx reported a loss of $1.97 billion, compared with profit of $1.13 billion a year earlier. FedEx blamed this horrible number on the ongoing global economic slowdown, and unfortunately things are not likely to get any better for them any time soon.

Many in the mainstream media continue to speak of “the next economic collapse” as some future event, but when we get the final economic numbers many months from now we may discover that it had already started by now.  In fact, one prominent economist recently stated that he believes that “we’re probably already in a recession”

Meanwhile, the global trade war continues to intensify, and over 300 companies are literally begging the Trump administration to find a way to end it. Sadly, it isn’t likely that the trade war will end any time soon.
In fact, it is probably much more likely that a shooting war will start in the Middle East instead.  And if that happens, economic collapse will dramatically escalate.

America is headed for a day of reckoning, and author Michael Snyder is sounding the alarm.  His novel about the future of America entitled "The Beginning Of The End" and his best-selling book about the end times entitled "The Rapture Verdict" are both available on Amazon.com.

Michael Snyder's author page: Bill Gates discusses the trade dispute between the United States and China.Kai-Fu Lee, chairman and CEO of Sinovation Ventures and former president of Google China, discusses China's ambitions in tech with Bloomberg's David Westin on "Bloomberg Markets: Balance of Power."China’s One Belt One Road initiative could be the most ambitious infrastructure plan in history. With more than $900 billion committed across four continents, it's already the biggest sovereign infrastructure project ever conducted.

But it's also a leap of faith towards a goal of reshaping global trade by reconnecting places along the historic Silk Road trade route with new ports, highways and railroads.

While most of the projects are concentrated in Asia, China has also extended the initiative beyond its natural sphere of influence. Since 2012, it has made $15 billion worth of infrastructure commitments across central and eastern Europe. For a country like Montenegro, one of Europe’s smallest and poorest, China’s business represents a massive opportunity — and a massive risk.

When the Chinese government guaranteed a loan to Montenegro to finance the construction of one 25 mile stretch of its first-ever highway, one condition was that a Chinese state contractor would do 70 percent of the work.

But the World Bank believes that the Chinese loan — which Montenegro will pay back between 2020 and 2040 — is a threat to Montenegro’s long-term financial stability. VICE News Tonight traveled to the highway to find out where exactly it's leading.

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News & Politics
4,077 Comments
 Auggie Giuseppe
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VICE News
Pinned by VICE News
VICE News
1 year ago
Since 2012, China has made $15 billion worth of infrastructure commitments across central and eastern Europe
WATCH next on China HERE: http://bit.ly/2sXbXf3

151


vostro vostro
vostro vostro
1 year ago
If the Americans come there , they will talk about human rights first.Secondly they will act like they own the country. Thirdly they will sniff or find local people that are discontent with the present government, then they will arm them to the teeth and destroy the place . Fourthly American corporations will try to rob all the resources of that country.

903


RatherA
RatherA
9 months ago
China building railways, roads, infrastructure in other countries: INVASION!!
USA invading, arming and training terrorists, bombing, killing people in sovereign countries: FREEDOM!!
Gotta love mainstream media.

749


SomeRandomGuy
SomeRandomGuy
4 months ago (edited)
China builds Bridges across the world for economic prosperity: "Omg the Commies are taking over the world!"
USA builds a wall and demands Mexico to pay for it: "This is liberty, freedom, and democracy"

287


H Paul
H Paul
2 months ago (edited)
Without infrastructure poor countries remain in a Poverty Trap of stagnation.
Infrastructure is the essential platform for countries to grow and modernize

39


Ronald Reagan Is The Devil
Ronald Reagan Is The Devil
3 months ago
USA: Drop bombs on slavs
China: Build roads for economic growth

176


pribate
pribate
1 year ago
When China builds roads to other countries, you call it “invasion”.

When America flings bombs at other countries, you call it “liberation”.

2.9K


rabrandom
rabrandom
10 months ago
I found the interviewer to be fairly patronising towards the Montenegrin people. So what if the world bank says this or that? The world bank have their own agenda’s in the world. And he is acting like this loan could break the country yet the interest is only 2%. In 40 years, China will be lucky to even get any return on that loan. I’ve visited Montenegro many times now and I can tell you it’s a country nowhere near it’s potential. The people, the landscape, the talent: it’s all there waiting for an opportunity. And as for this idea that the road should have been built when the economy was better- well it’s too late for that. So what better time to invest than “NOW”. Why wait? Also, when things are tough, it’s the right time to invest. To change things up. The world is changing but businesses and countries need to change with it. It’s no good waiting around. Montenegro are taking a risk and it might work out very well for their people. But never forget that doing nothing is also a risk and I would imagine that doing nothing would be the bigger risk in this scenario.

316


Peter Phan
Peter Phan
2 months ago
Western world just being insecure, China loan are very low interest when come to infrastructure project because it's win win situation at least that's how china see it.

34


0pTicaL823
0pTicaL823
2 months ago
100 years ago, Europe invaded China
100 years later, China invests Europe
Different cultures, different attitude

120


kenter Shackle
kenter Shackle
4 months ago
So world bank is pissed that china gives loan with loose n flexible terms, than thiers?!!

29


chico mio
chico mio
1 year ago
In eyes of some Western people, what ever China does it is always wrong.

518


Oneear Hamster
Oneear Hamster
10 months ago
Why I feel it smells like sour grapes?😛

53


RatherA
RatherA
9 months ago
So the vice is saying countries to stay poor and also lick USA's balls. Bravo👏👏

77


barrych mak
barrych mak
3 months ago
US has over 800 military bases in 70 countries.  China will not be able to catch up even with the Belt and Road initiative.
US helps other countries by sending in bombs and army.
China helps other countries by sending in infrastructure engineers and construction workers.