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Thread: China Firm Gets Concession for Massive Nicaragua Canal

  1. #1

    China Firm Gets Concession for Massive Nicaragua Canal

    Nicaragua has reportedly awarded a Chinese company a 100-year concession to build a canal linking the Pacific and Atlantic Oceans across the Central American nation, with a capacity that dwarfs that of the Panama Canal.

    Investigation: China Secretly Stockpiling Gold

    The Nicaraguan government of Daniel Ortega said the canal should be able to allow passage to mega-container ships that are more than double the size of the vessels that will be able to pass through the Panama Canal after its ongoing $5.2 billion expansion, according to The Guardian.

    The name of the Chinese company was not released.

    But the Guardian observed that the proposed 178-mile canal would have "profound geopolitical ramifications" and "reinforce Beijing's growing influence on global trade and weaken U.S. dominance over the key shipping route between the Pacific and Atlantic Oceans."


    Nicaragua Gives China Firm Concessions for Massive Canal

    They are going to compete with the Panama Canal, this is a huge project, and I am sure that they will bring Chinese workers too...

  2. #2
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    The US is dropping the ball in Latin America. My opinion is that the US should get out of the Middle East and focus on our own Hemisphere. It doesn't make sense for the US to get involved in Syria and Libya when our own southern border is not secure. There have been 60,000 people killed in Mexico over the last 6 years. This is simply unacceptable for American security.

    The indifference is also a part of the economic stagnation of the region. You figure there won't be some many illegal aliens coming into the US if they were able to find jobs in their own countries.

    A lot of people don't know this, the Panama Ports are already controlled by Communist China.

    Panama gave Hong Kong-based Hutchison Whampoa Ltd. the right to build new port facilities in Balboa, the canal's only Pacific port, and a major Atlantic port in Cristobal, and to run them up to the next half-century.

    Of specific concern was the so-called "Law No. 5," a measure Lott feared would enable Hutchison Whampoa to assign the pilots who steer ships through the canal, and to have the right of refusal for control of some former U.S. military bases.

    According to the Panama Canal Treaty, U.S. naval vessels have first priority for passage, but since the Panamanian law gives Hutchison Whampoa the right to deny passage to any ship interfering with its business, U.S. warships could be subject to Chinese interference, the admiral warned.
    Read more: Chinese Takeover of Panama Canal 'Not Irrevocable' | CNS News

  3. #3
    Quote Originally Posted by bogart View Post
    The indifference is also a part of the economic stagnation of the region. You figure there won't be some many illegal aliens coming into the US if they were able to find jobs in their own countries.
    I couldn't agree more with you, I guess they prefere stable regimes even if it is dictatorial than revolutionary unstable regimes like in South of America (mostly miscalculations of agencies destabilizing these countries).

    They opened the China Pandora's box and we should thank our elites and politicians for that. One day we will pay dearly thse mistakes, because wqe are more and more depend from these kind of countries and they can blackmail us like they already have anytime.

    Here is another national security issue:


  4. #4
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    Quote Originally Posted by Natural Elements View Post
    I couldn't agree more with you, I guess they prefere stable regimes even if it is dictatorial than revolutionary unstable regimes like in South of America (mostly miscalculations of agencies destabilizing these countries).
    The Pink Tide in Latin America is overwhelming the few conservative governments remaining. The BBC reports that of 350 million people in South America, three out of four of them lived in countries ruled by "left-leaning presidents". According to the BBC, "another common element of the 'pink tide' is a clean break with what was known at the outset of the 1990s as the 'Washington consensus', the mixture of open markets and privatisation pushed by the United States".

    As of 1999, all U.S. military bases in Panama were closed and the only remaining US airbase in Central America is Soto Cano Air Base in Honduras. The base hosts between 500-600 US troops. You'd think that the US would support the Honduran Airforce considering the expanding Narco-War. Honduras continues to fly approx 12 worn-out F-5 fighters that were supplied to them during the 1980s. On the other hand, the Obama Administration has just gifted the Muslim Brotherhood in Egypt 20 new F-16 Fighers. Egypt now has 240 F-16s and is the 4th largest user in the world.

    If it wasn't for Senator Jim Demint's intervention in 2009, Honduras would be another Chavista Regime under Manuel Zelaya. Zelaya was expelled from Honduras after attempting to change the Honduran Constitution to permit him another term in office.

    It will be intersting to see what happens to Chinese investments in Latin America. The governments have a nasty habit of nationalizing the assests of foreign companies.

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