My grandfather surveyed the borders of Colombia and environs in anticipation of the US Govt seizing Colombian Territory in order to capture what would be the Panama Canal and the country of Panama. The Colombian "rebels" seized the land right along the borders USA had surveyed, USA betrayed the Colombian government, and backed the new Panama government. Now comes China to provide an alternative to the canal, and financing is assured. Again, few people understand what China is doing, and less know how they are financing it. I think this unobserved element is what is going to catch everyone off guard when the crash comes. You read it hear first: the TBills China owns are being used to finance the re-organization of world trade patterns.
The canal uses locks to get a ship from the atlantic the the pacific. Pop quiz: Which body of water is higher? The Atlantic or Pacific? Answer below.
Answer: neither of course... since both oceans are at the same level. The Chagres river fills the locks which floats the boats up and over Panama to the other side.
Monday, February 14, 2011
Panama Canal Competition
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