cancel2 2022 (11-23-2022), Earl (11-24-2022), PostmodernProphet (11-24-2022)
"Political correctness is fascism pretending to be manners" - George Carlin
"Education is a system of imposed ignorance" - Noam Chomsky
"Leftists actually think everyone is as stupid as a leftist." - Yakuda
"No, Trump isn't a fascist, tatt boy." - moon
cancel2 2022 (11-23-2022), Earl (11-24-2022), PostmodernProphet (11-24-2022)
China is on a course to dominate the world, the BRI is the chosen means to that end. Fortunately the wheels seem to be falling off the wagon.
China’s BRI was always something of a Mafia-like enterprise. Beijing would approach poorer countries in Asia, Africa, Latin America, the Middle East, and the periphery of Europe and offer loans for important infrastructure projects – ports, rail links, dams, roads, and the like. State-owned Chinese banks would arrange the financing and Chinese contractors would execute the projects and manage them after they were completed. If the host country failed to pay, the projects would come under Chinese ownership. Either way, Beijing gained influence and considerable leverage over the nations that allowed themselves to become involved. Since Xi first rose to the presidency, China has made over $1 trillion in such loans in some 150 countries making the country the world’s largest official creditor.
The problem from the start was that the projects were chosen for political and diplomatic not for economic reasons. Many of these efforts were always commercially dubious, and now it is clear that they cannot earn enough to support the loans incurred to build them. In Sri Lanka, for instance, even before the Covid pandemic shut down trade, the BRI-built port lacked the traffic to meet the terms of the loan. That loan has gone bad, even if the Chinese state-owned banks involved are not yet ready to make such a declaration. Similar things are occurring across the entire BRI. Pakistan, one of the largest BRI participants has fallen so far short of its obligations that it has had to turn to the International Monetary Fund (IMF) for relief.
Economists at the World Bank estimate that now some 60 percent of all BRI loans involve countries in financial distress. Loans in Africa look especially shaky. Even before this latest news of potential default, Chinese bankers had warned about the financial and economic viability of BRI arrangements. Some of these bankers were so concerned about being held accountable that they insisted Beijing extend to several loans the moniker, “policy designated” to make clear that the decision to lend came from Beijing and not the banks’ managements.
https://www.forbes.com/sites/miltone...h=3fdd467b1e21
Earl (11-24-2022)
The IMF and world bank are the ones causing most of the despair around the world. Sanctions are intended to hurt the poor and cause revolt. Beijing and Moscow are trying to survive. The banksters and judges in Hong Kong are white. Of course they're opposed to China policy. Westerners need to borrow, whereas Beijing has the cash to survive the Greater Depression
"The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
"Donald has failed in almost every endeavor he has attempted. " --floridafan
"Abortion is not a moral issue. " --BidenPresident
"Propaganda can also be factual." --Flash
"Even after being vaccinated, you shed virus particles." --Jerome
"no slavery is forcing another into labor" -archives
"Evs are much safer from fires" -- Nordberg
"Abortion has killed no one." -- LurchAddams
"The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
"Donald has failed in almost every endeavor he has attempted. " --floridafan
"Abortion is not a moral issue. " --BidenPresident
"Propaganda can also be factual." --Flash
"Even after being vaccinated, you shed virus particles." --Jerome
"no slavery is forcing another into labor" -archives
"Evs are much safer from fires" -- Nordberg
"Abortion has killed no one." -- LurchAddams
goat (11-24-2022)
"The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
"Donald has failed in almost every endeavor he has attempted. " --floridafan
"Abortion is not a moral issue. " --BidenPresident
"Propaganda can also be factual." --Flash
"Even after being vaccinated, you shed virus particles." --Jerome
"no slavery is forcing another into labor" -archives
"Evs are much safer from fires" -- Nordberg
"Abortion has killed no one." -- LurchAddams
"The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
"Donald has failed in almost every endeavor he has attempted. " --floridafan
"Abortion is not a moral issue. " --BidenPresident
"Propaganda can also be factual." --Flash
"Even after being vaccinated, you shed virus particles." --Jerome
"no slavery is forcing another into labor" -archives
"Evs are much safer from fires" -- Nordberg
"Abortion has killed no one." -- LurchAddams
Earl (11-24-2022)
The SODC is already in deep shit.
They don't collect enough water.
They don't clear dangerous brush away from buildings.
They are dismantling their power plants.
They want to ban cars, trains, aircraft, and trucks. The only ones allowed must be electric, and there is no place to charge them with the weak electrical system.
The SODC is already fucked.
"The atmosphere is among the factors that determines the Earth's atmosphere." --ZenMode
"Donald has failed in almost every endeavor he has attempted. " --floridafan
"Abortion is not a moral issue. " --BidenPresident
"Propaganda can also be factual." --Flash
"Even after being vaccinated, you shed virus particles." --Jerome
"no slavery is forcing another into labor" -archives
"Evs are much safer from fires" -- Nordberg
"Abortion has killed no one." -- LurchAddams
Welcome to the real world. In the real world, we spend 60% of our energy on moving things, 30% on heating/cooling things, and 10% on everything else. So yes, our trucks take up a lot of energy. This is nothing new.
The great thing about electricity is it is completely source neutral. You can hook up windmills, or even diesel generators.
Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
Paul Begala, "Politics is show business for ugly people."
Stephen Colbert, "Reality has a well known liberal bias."
trump is a child rapist. We all know it.
cancel2 2022 (11-24-2022)
AProudLefty (11-24-2022)
National Grid know a fuckton more than you about electricity grids, Salty.
A surge in EV charging demand, especially of the megawatt kind required for electric trucks like the Tesla Semi, would overwhelm the US grid, warns utility company National Grid Plc. Their numbers show that the electrification of just one regular gas station would put a strain on the grid equivalent to that of a sports stadium in 2030.
Well, let's start with who National Grid is, and who they are not. They are a British company that is responsible for the downstream of the English and Wales national grid. To diversify, they have invested in some power generation in the USA, but they are not responsible for our national grid, and in fact we do not have a national grid. That is right, there is no single US grid. It does not exist, so their claims about it are pure fantasy.
But our multiple grids are not able to handle an all electric transportation system... Much like our roads were not able to handle a trucking network 80 years ago. We modernized them, and now we do just fine. We could modernize our electrical grid...
Or not. Large generators will usually be more efficient than small mobile engines, and it is easier to capture pollution if you do not have to worry about moving the engine... Not to mention that electric motors turn off when not needed, saving from idling. You can literally burn all the diesel you would have burned in the trucks in the station, and generate electricity which will be more efficient and less polluting.
The nice part about electricity is it is source neutral. I do not know, nor care what the source of the electricity lighting my house is.
Daniel Patrick Moynihan said it best, "You are entitled to your opinion. But you are not entitled to your own facts."
Paul Begala, "Politics is show business for ugly people."
Stephen Colbert, "Reality has a well known liberal bias."
trump is a child rapist. We all know it.
cancel2 2022 (11-24-2022)
AProudLefty (11-24-2022)
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