Chapter 1080: Cutting the Leeks of the World (Second update, two-in-one)
Not every country will pay back the money on time!
Li Yian, who picked up the cigar again, did not speak immediately, but just nodded. While smoking, he thought of the "debt trap in developing countries" that was often mentioned in another world. The core of this is to provide loans to developing countries, making these countries fall into a "trap" after being unable to repay the loans, resulting in the resources and even sovereignty of these countries being "controlled by foreign countries."
Whether it is Tangshan’s accusations against Western countries, or Western countries’ accusations against Tangshan.
However, they all accuse the other party of causing developing countries to fall into a debt trap - that is, they cannot repay their foreign debts.
Since the 1960s, the foreign debt of developing countries has increased rapidly. By the 1980s, any developing country that did not owe tens of billions or hundreds of billions of dollars in foreign debt was too embarrassed to go out and say hello.
Are these foreign debts really used to develop the economy?
Yes, to a certain extent, with the help of international loans, urban construction and road construction in those countries have undergone earth-shaking changes. According to some people, many African countries in the 1970s and 1980s The capital city is even more modern than the Eastern Capital.
What supports such construction?
Of course it is loans and aid from various countries.
Although the appearance of developing countries has undergone earth-shaking changes thanks to international loans and aid, in fact, a considerable part of the funds have been swallowed up by officials of those countries and turned into luxury homes in places such as Paris, London or New York. It became their luxury cars and jewelry.
A large amount of loans have been used for useless construction - spacious roads that no one uses, luxurious urban infrastructure that rivals Europe and the United States, and useless buildings such as stadiums - in fact, even money The money was not misappropriated, and the money was not spent in the right places. The government, which lacked governance capabilities and development policies, "wasted" a large amount of money.
After the 1980s, as medium-term loans expired, developing countries that were unable to repay their debts defaulted one after another and declared that they were unable to repay their maturing debts, triggering the most serious international debt crisis after the war.
The most amazing part is not here - but later some leftist economists accused developed countries' loans of seriously hindering the economic development of developing countries - because they need to bear high interest rates . They even accused those loans of being neocolonialism's plunder of developing countries, as if lending them money in the first place was purely a coward's ambition.
As a result, for a time, so-called economists, politicians and social activists called on developed countries to reduce the debt of developing countries.
Although the creditors and debtors later negotiated many times and rescheduled the repayment period of some debts, there was basically no solution. Later, many small countries even simply refused to repay their debts. When debts were mentioned, they asked for forgiveness. Seeing that the fundamental debts will not be raised, the officials of various countries can only forgive each country's debts through negotiations, but they can only free inter-governmental borrowing. The problem is that those countries still owe a lot of private loans - this is what caused the debt crisis source.
So during the negotiations, all countries asked to reorganize their debts, formulate repayment methods, and use minerals as repayments. But the problem is-those countries borrowed too much! Just like Uganda, its foreign debt exceeded 20 billion US dollars as early as the 1980s, and even if the country was sold, it would not be able to repay it!
Recalling another world, the international financial capitalists who were driven to death by borrowing countries thought of those countries that owed tens of billions or hundreds of billions of dollars and were unable to repay them.
Li Yian doesn’t know who is cutting off whom in international financial lending, but before the outbreak of the international debt crisis, international financial capitalists must have been cut off by those developing countries, and the cuts were severe. Far beyond the imagination of outsiders - until the 21st century, many countries did not even return the interest.
Li Yian frowned and said:
"It's not a matter of repaying it on time. Some countries may not even plan to repay it from the day they borrow the money."
Puffing a cigar, Li Yian paced in the office, thinking. With the experience of another world, what is the experience of another world?
It means that everyone has become a big enemy together, not to mention the United States and Europe and other countries, and even the big guys have become a big enemy on the international debt issue. It is not an issue of the ruble exchange rate. , but a large number of external loans cannot be recovered, and the arrears can only be forgiven with a smile.
This is true for everyone, let alone other countries.
“Times have changed now. International credit rights have almost no restrictions on debtor countries other than lowering their credit ratings. In the past, if that country refused to repay its debts, the fleet would come to visit it, but now... This is an act of aggression, even if you come to collect debts!”
"This is a change in the rules of the game."
Li Guoren said:
"This is the post-war world. Any military action against other countries, no matter for any reason, is Invasion is stipulated in the United Nations Charter, and all countries have the responsibility to prevent military invasion by other countries."
"Yes, the rules of the world have changed now"
He shrugged helplessly. , Li Yian said.
"When those countries realize this, it will be normal for them to default on their debts. In the end, they will even negotiate to forgive the debts on the grounds of repaying the debts. Not only did the creditors not make any money, they even became big fat sheep and were brutally scooped up. He got the wool and was treated as a big scapegoat.”
Taking two puffs of his cigar, Li Yian said:
“So, we must not turn ourselves into a grievance. "
He turned around and walked to the map, stared at it for a while, and after thinking for a while, Li Yian said:
"If we want to borrow money, we must lend it to those who have repayments. Capabilities, such as Iran and Iraq, they own oil, and Egypt, for example, has canals. Lending to them must have corresponding mortgages. This mortgage can be underground minerals or ports and other resources. In short, everyone We must strictly abide by this point when it comes to money. If they default, then we..."
With his eyes fixed on the map, Li Yian did not continue talking, what does the Nanyang fleet do?
Isn’t it just to maintain “international rules”!
If you don’t pay back the money you borrowed based on your ability... you’re going against the grain!
Nanyang’s fleet is not a vegetarian. It is okay not to repay the money, but Nanyang will definitely collect the collateral - this is the experience of international financial capitalists after the international debt crisis. It is okay to borrow money, but it must be There must be a mortgage.
Speaking of this, Li Yian turned around and looked at Li Guoren and said.
"The government development assistance plan is led by the Ministry of Foreign Affairs, and the Ministry of International Trade and Industry, the Ministry of Finance, and the financial sector are all involved. You should communicate on the implementation details first to ensure that our money will not be wasted. After all, we are all citizens. I must not hope that development aid will become a big money throwaway. "It is good to use "development aid loans" as a pioneer to open the doors of various countries' markets, but what if it turns into a "big money throwaway". Coin", that's really like being kicked in the head by a donkey.
Fortunately, Iran's repayment ability is still very good, and these loans can not only help Nanyang's industrial products enter Iran, but can even intervene in countries such as Iran in the future.
No, it’s not to interfere, but to protect Nanyang’s investment.
Thinking of this, Li Yian's lips raised slightly. In fact, it is also a very good method to deliberately create some debt traps and then force the debtor countries to transfer assets such as mines to repay debts.
"Also, it's a debt trap!" "Debt trap?"
Li Guoren said in surprise.
"Yes, it's a "debt trap." You can understand it this way. It's a sugar-coated bullet. How do you say it?"
With a cigar between his fingers, Li Yian paced and explained. road.
“Nanyang is a country severely lacking in resources, from agricultural resources to mineral resources. Our economic development not only requires the import of food from Africa and other places, but also requires resources from all over the world. The development of this kind of resources only relies on ordinary people. Commercial methods may not necessarily meet our requirements, so we can set up some debt traps and provide loans to developing countries. The debtor countries use strategic assets as collateral. If they cannot repay the debt, they must hand over their strategic assets to us. The loan interest is still very high.”
Why can’t Nanyang do what others can do?
Of course, financial capitalists in Europe and the United States have not done this yet, not because they are too kind-hearted, but because they have never thought that those countries have such no bottom line - when some countries lend money, they do not I didn’t even think about repaying it, especially in African countries. When they took out loans, they didn’t even think about repaying the money. In other words, in their simple consciousness, they did not realize that the loan needed to be repaid.
What should I do if I can’t pay it back?
Then you owe it!
In another world, free debt and debt negotiations were in the news regularly, and even evolved to the point where many countries in the Global South were basically trapped in a permanent debt trap.
What Nanyang needs is to try its best to ensure that it does not become a big fat sheep in the future wave of "debt" and let others harvest its wool.
“Although the interest rate is high, we must use some special means to ensure that they can’t pay back the money, and then they can hand over their strategic resources to us!”
Your suggestion , Li Guoren's eyes lit up, and a word immediately flashed in his mind.
Neocolonialism.
Isn’t this neo-colonialism?
It’s just a different approach, or even a more noble name - "Government Development Assistance Plan"!
I am doing this for your own good!
This is to help you develop!
Look at how selfless and tall I Nanyang is! In order to help developing countries develop their economies, proactively provide assistance in terms of capital and technology. Of course, if they can't pay back the money... they will definitely have to pay a certain price.
This is the basic international business rule!
Having said that, can’t those people see this “sugar-coated bullet”?
“But, I’m not that stupid, right?”
Frowning, Li Guoren said.
“Those countries may be backward, but their political elites and technical elites have often studied in the West and received modern education. How can they not see the benefits and disadvantages? Want to let I'm afraid it won't be easy for them to take the bait, unless... they give you a kickback."
There are unspoken rules in international trade, especially when dealing with the officials of these backward countries. As the Minister of Foreign Affairs, Li Guoren naturally understands the key - it is nothing more than kickbacks, let alone backward countries, developed countries. Government procurement between companies sometimes requires rebates.
Human... greed is human nature.
“Giving rebates is normal operation.”
Li Yian waved his hand and said:
“Some people love money, some people love fame, and some people love both. Everyone loves it, and for most politicians in developing countries, they love both money and fame, and they also have a dream!”
"Dream?"
"Yes, it is their dream of a powerful country!"
Li Yian said seriously after taking a puff of cigarette.
"Even a tyrant has a "dream of a powerful country" in his heart, even more than others. They are eager to use the "dream of a powerful country" to prove that they are right, but what about us? We must surrender to them. The good thing is to give them a chance to realize their dreams! ”
A chance to realize their dreams!
Li Yi'an's mind pictured the three African tyrants talking on the stage. They talked passionately about their "dreams" and dreamed that their country would become Africa's England, Belgium, and France, even if they were in the refrigerator. There was human flesh and human liver, but that didn't stop them from dreaming there.
Since they are good friends of the tyrant, of course they must be given a chance to realize their dreams. Thinking of this, Li Yi'an took a puff of his cigar and said:
"Work with the Ministry of International Trade and Industry and the Construction Committee Colleagues in other departments discussed a package plan - a package plan designed to help them complete their industrialization! We want to prove to the world that we, Nanyang, are helping any country in need in our way to achieve their goals! of industrialization! This kind of help will be real and unreserved help, helping them to truly achieve industrialization through step-by-step help!"
Looking at the impassioned expression on His Excellency's face, Li Guoren's heart suddenly burst out. Thoughts - Why do you seem to be a different person!
Your Excellency has changed... Your Excellency has become a bit strange to people. When you dealt with those countries in the past, didn't you always stand on the same position - you can't afford to be early if there is no benefit!
Why do you want to help those people wholeheartedly now?
Li Guoren was a little confused. An opportunity to realize his dream?
As long as you help Nanyang people realize their dreams in Nanyang, helping foreigners should help a foreign country realize its dreams - real, unreserved help, help them truly realize industrialization through step-by-step help!
If you do this... Nanyang will suffer a loss!
(End of this chapter)