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# There’s No Free BRI Lunch
- URL: https://goodoil.news/theres-no-free-bri-lunch/
- Published: 2022-07-22T01:00:00.000Z
- Updated: 2022-07-21T09:08:42.000Z
- Author: Cam Slater
- Tags: China Politics, Politics, World Politics, #wp, #wp-post, #Import 2024-07-16 23:04

As **William S. Burroughs** once said, *beware of whores who say they don’t want money. The hell they don’t. What they mean is that they want more money; much more, these are the most expensive whores what can be got*. Burroughs added, *above all, avoid confirmed criminals*.

**Xi Xinping** is pimping out the most expensive whore in the world, BRI, and is leading a cabal of confirmed criminals. And he’s got willingly duped Johns lining up across the Third World. Most especially the Cargo Cult micro-states of the South Pacific.

Who are about to find out in the worst possible way that “gibsmedat” doesn’t come free at all.

> For more than a decade, international analysts have warned that China’s global infrastructure diplomacy could be a disaster for poorer nations. Some even suggested the strategy was deliberate – a means to secure strategic international assets.

The *Global Times* sneered that this was just so much “sour-grapes mentality”. But then, the *Global Times* is the cheapest tart in Xi’s stable: a paper entirely controlled by the Chinese Communist Party.

But a raft of greedy third-world nations are suddenly waking up with a bad dose of the Chinese Clap. As Sri Lanka collapses into a failed state, Beijing has already pounced, seizing its multi-billion dollar Hambantota Port as “foreclosure” for unpaid BRI debt.

> But it’s not the only nation facing such a crisis.  
>  
> Pakistan is struggling to meet debt repayments. As are the Philippines and Laos.  
>  
> And the only way out appears to be a Chinese bailout. Or foreclosure.

There’s going to be a whole lot more Chinese debt trapping in the next few years.

> The World Bank believes that the world’s 74 lowest-income nations must find $35 billion in loan payments this year. About US$13.1 billion is owed to China.

Somehow, I don’t think China is going to be as forgiving of mendicant Third World nations defaulting on their debts as the West has been. Britain wrote off $41 billion of Third World debt a decade ago: big surprise, they just went right on and accrued new debt. Give a man a fish…

> China has reluctantly handed Pakistan a temporary US$4.5 billion lifeline. It accepted a delay in debt repayments earlier this year.  
>  
> Now the Philippines is also discussing restructuring a $5 billion railway project loan.  
>  
> Beijing has been less benevolent towards Sri Lanka. Analysts say it doesn’t want to give other struggling debtors ideas.

Debtors like Laos, owe up to $12 billion — or 85% of its total GDP — to China. Nearly $7 billion of that has been sunk into a commercially questionable China-Laos mega railway project.

But as a pimp knows, there’s always another John waiting in line.

> China has backed the building of a sports stadium in the Solomon Islands, bridges in Fiji and highways in Papua New Guinea.  
>  
> [NZ Herald](https://www.nzherald.co.nz/world/china-accused-of-luring-countries-like-sri-lanka-and-laos-into-debt-trap/DSU3K3SKTT2FBLY4666AVGO42A/?ref=goodoil.news)

There’s one born every minute.

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