fedfedfedd

joined 1 year ago
[–] fedfedfedd@lemmy.ml 0 points 1 year ago (3 children)

A rescue loan is not a loan used to build infrastructure. They’re used to cover for existing debt, not to take on new debt.

A loan with an interest rate of 5% is charity

[citation needed]

[–] fedfedfedd@lemmy.ml -2 points 1 year ago (5 children)

so you neither understand project funding nor interest rates

You cant even provide facts. Stop arguing in bad faith. Now go schizo post about US loans.

[–] fedfedfedd@lemmy.ml 5 points 1 year ago (1 children)

I love how you start using that emoji when you get frustrated.

[–] fedfedfedd@lemmy.ml -3 points 1 year ago (7 children)

Rescue loans are not the type of loans being used to build these railway networks lol.

Do you even know how IMF rescue loans work? Did you try Google buddy?

I wont even entertain your dumbass ramble about different countries because we arent talking about that.

[–] fedfedfedd@lemmy.ml -1 points 1 year ago (9 children)

https://time.com/6266658/china-emerges-major-global-lender/#:~:text=China%20typically%20offers%20rescue%20loans,the%20IMF%2C%20the%20study%20said.

First result in Google. You cant even Google so im pretty sure you dont know what the hell you are talking about lol.

[–] fedfedfedd@lemmy.ml 20 points 1 year ago (11 children)

Im sorry, I didnt knew you were the victim all along. I thought you were the one who is starting all the drama. My mistake. How can I make you feel better?

[–] fedfedfedd@lemmy.ml 15 points 1 year ago (19 children)

wish you happy seething and coping

Friendliest lemmygrad user right here.

[–] fedfedfedd@lemmy.ml -2 points 1 year ago (11 children)

I like how you wont comment on the maintenance contracts.

[–] fedfedfedd@lemmy.ml 0 points 1 year ago (1 children)

Its not an debate. I wasnt talking about other devices, you just misread it. Easy as that just move on.

[–] fedfedfedd@lemmy.ml -3 points 1 year ago

I like how you ignored the part in which chinese companies force the governments to sign 90+ year maintenance contracts. Convenient as it isnt part of the loan, just part of the bribery.

[–] fedfedfedd@lemmy.ml -3 points 1 year ago (16 children)

African countries are foregoing Western investment because of the number of strings attached

What strings?

here’s a (very) competitive interest rate

IMF loans are cheaper. Every person with two braincells will realize corrupt officials will take the chinese loans with higher interest rates because of the bribes. A 90 year maintenance contract is nonsense and you cant defend it.

[–] fedfedfedd@lemmy.ml -4 points 1 year ago (1 children)

Extravagant projects are exactly how China got out of it’s poverty hole

Ah right I forgot those glass bridges that killed a bunch of people.

view more: ‹ prev next ›