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Zero Hedge: How China Colonized An Entire Continent Without Firing A Single Shot
Back in 1885, to much fanfare, the General Act of the Berlin Conference launched the Scramble for Africa which saw the partition of the continent, formerly a loose aggregation of various tribes, into the countries that currently make up the southern continent, by the dominant superpowers (all of them European) of the day. Subsequently Africa was pillaged, plundered, and in most places, left for dead. The fact that a credit system reliant on petrodollars never managed to take hold only precipitated the "developed world" disappointment with Africa, no matter what various enlightened, humanitarian singer/writer/poet/visionaries claimed otherwise.
And so the continent languished.... until 2012 when what we then dubbed as the "Beijing Conference" quietly took place, and to which only Goldman Sachs, which too has been quietly but very aggressively expanding in Africa, was invited.
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WNU Editor: The consequences of this heavy borrowing by African governments is now coming home to roost .... China Prepares To Seize Kenya's Infrastructure Over Failure To Repay Massive Debts (December 28, 2018).
