Chapter 7 Bypass the IMF

China's oil diplomacy in Africa is a successful example in this regard. Since the third world debt crisis of the 1980s, the US has used its control of the IMF and World Bank, the infamous "Washington Consensus", to plunder the raw materials of the third world to produce in devalued local currencies , exported in exchange for dollars. After 1990, such plundering expanded to the former Warsaw Pact member states, to East Asia, and to the famous "Four Asian Tigers" at that time, devouring healthy organisms like cancer cells. In 2001, this looting process reached its culmination.The only remaining hunting ground is the Islamic world, home to more than a billion people.For historical reasons, this region happens to have some of the richest oil reserves in the world.The war on terror is actually a war against Islamic countries, a war to bring the entire Islamic world under the jurisdiction of the United States.Countries around the world quickly understood this.At the time of writing this preface, the war has been defeated, reflecting the eventual decline of the American Empire.

Taking a deep look at the excesses of the US empire, the Chinese leadership has developed a very successful strategy for Africa that effectively circumvents the IMF policies that the US used in Africa, which Africans resent.China's strategy is already showing results, starting to win long-term contracts for the extraction of oil and other raw materials.China did not use the restrictive conditions of the International Monetary Fund. Instead, it used soft loans and even donated money to build schools, hospitals, bridges and other infrastructure in exchange for mining rights.China invited the heads of state of 40 African countries to visit Beijing, and sent state presidents, prime ministers and countless other high-ranking officials to visit Africa.In recent years, the US president has only visited Africa once.

Chinese leaders have also learned that Washington is desperately trying to win over its rapidly developing neighbor, India, as a proxy for the United States to destabilize China. This is another typical "balance of power" orchestrated by Washington.At the time of writing this preface, these U.S. maneuvers have been defused, and Beijing and New Delhi are conducting public discussions on a cooperation agreement. The United States' attempt to counterbalance China with Russia has also failed.After World War II, despite decades of bitter history, both Moscow and Beijing recognized the need for new forms of cooperation to counter the "shock and awe" of Washington's unilateral hegemony.The Shanghai Cooperation Organization is a good example of this thinking.The Shanghai Cooperation Organization is a multilateral security organization founded in 2001 by the leaders of China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan.

Washington and their Japanese friends tried to control the divide and rule strategy of Eurasia with less and less influence.The United States is deeply mired in the quagmire of Iraq and Afghanistan, much like the Vietnam War that year, and the whole world has become more and more distrustful of the United States.Washington's policies are increasingly belligerent and is isolating itself.Halford Mackinder's and Brzezinski's nightmare is becoming a reality: Eurasian powers Russia, China, India have realized their own great power, even without the military power of NATO, they can do it all by themselves. Counter the threat from Washington.

In the first few weeks of 2008, not only did the United States fail to use its enormous military superiority as a foreign policy tool (as reflected in the unsuccessful strikes against Iraq by Washington hawks); The real estate "subprime crisis" is evaporating.America's largest financial institutions are turning to emerging powers of the new order - "sovereign wealth funds" with large dollar balances - the Arab states, China, Russia, begging for funds to prop up troubled US banks.The cost of doing so is enormous.New York is losing its status as the world's financial supercenter and is dying.Former Wall Street investment banker Henry Paulson (now US Treasury Secretary) was also powerless to reverse the decline.In Washington and on the boards of banks in New York, a climate of fear is spreading.

How the American Century rose and fell, and what it means for our future, is the real subject of this book.I sincerely hope that this book can illuminate some corners of a century of dark history, even though it seems that this history is too tragic The century-old oil war. Wilhelm Endall Wiesbaden, Germany February 4, 2008