“Washington cannot abandon Latin America. After all, the problems that afflict Latin America will inevitably ripple upward to the United States, causing grave political and economic dislocations. They already are. Imagine what happens if the United States retreats completely from the region and cedes its influence to rivals like China, Russia, and Iran – or Cuba, for that matter.”
“Meanwhile, the petroyuan would allow countries like Russia and Iran successfully to circumvent Western economic sanctions, thus their threat to the West would increase tenfold. We are already seeing how Russia’s increasingly close relationship with China—and Iran’s alarmingly close relationship with both China and Russia—has damaged American national security. Imagine how dangerous things would be for the United States if these powers could completely remove the economic threat that America posed to them.”
In this VLOG, I discuss the status of China’s $50 billion Nicaraguan canal zone project aimed at competing against the famous Panama Canal.