Power Generation in Zimbabwe - CCTV Africa
Red China is financing a big power plant upgrade in Zimbabwe. I wonder how that is going to turn out. You may recall that Zimbabwe underwent the world's most impressive inflation up until 2009, at which point the government gave up on their own money and they started using foreign currency*. President of Zimbabwe and dictator-for-life Robert Mugabe is the world's worst leader and possibly the worst person on the planet. I wonder who is going to come out on top of this deal, China or Mugabe? Mugabe is a shit, but Red China can be ruthless. With a billion dollars at stake I expect China will take this deal seriously. When (not if) Mugabe tries to pull some kind of sleazy deal, I expect the Chinese will straighten him out in short order.
But then again, maybe not. This is Africa, and Mugabe may somehow get away with ripping off the Chinese.
Meanwhile, China is making a big fuss about a bunch of uninhabited islands between them and their offshore neighbors. I suspect this is just a big show to distract everyone while they make a big push into Africa in their quest for oil.
*If you want a piece of this historical debacle you can buy real 100-trillion Zimbabwean dollars at Amazon.
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