Tuesday, October 14, 2014

Russia and China Ink Railway Deal

As the USA concentrates on tracking "boots through ebola" Russia and China are building trade infrastructure worldwide.

China will take a decisive stake in the next stage of Russia's transportation development, with Chinese companies building the country's first high-speed rail line. The agreement formed part of joint deals worth $10 billion being signed on Monday.
Chinese firms and their Russian partners will hold talks on design, financing, supplying facilities and construction of a 770-km high-speed line connecting Moscow and Kazan, an important metropolis on the Volga River.

In his Confessions of an Economic Hit Man, John Perkins (book highlighted on left) noted how the USA would build overbuild dams or railways for third world countries and then when the projects dod not pay for themselves, the country would be bankrupted into USA dependency.  Victory through capitalism.

Now we have China and Russia cooperating in building world trade infrastructure between equals.  Infrastructure matters, and it seems the communists are better at selecting projects and cooperating right now.  We build bases that get over-run by out "enemies" and they build railways between newly emerging trading partners.  Newly emerging as the old lines are too beset by tax and regulation.  People are working around the USA.

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