G7 Wants to Raise $600 Billion to Counter China’s Plan to Make Everyone’s Lives Better

Elvis Dunderhoff June 27, 2022

Just a few years ago, this G7 was a G8 because Putin was allowed to attend. He’s been banned because he is metaphysically evil and committing a genocide against neo-Nazi gangs or Jews or whatever.

Reuters:

Group of Seven leaders on Sunday pledged to raise $600 billion in private and public funds over five years to finance needed infrastructure in developing countries and counter China’s older, multitrillion-dollar Belt and Road project.

U.S. President Joe Biden and other G7 leaders relaunched the newly renamed “Partnership for Global Infrastructure and Investment,” at their annual gathering being held this year at Schloss Elmau in southern Germany.

Biden said the United States would mobilize $200 billion in grants, federal funds and private investment over five years to support projects in low- and middle-income countries that help tackle climate change as well as improve global health, gender equity and digital infrastructure.

“I want to be clear. This isn’t aid or charity. It’s an investment that will deliver returns for everyone,” Biden said, adding that it would allow countries to “see the concrete benefits of partnering with democracies.”

Biden said hundreds of billions of additional dollars could come from multilateral development banks, development finance institutions, sovereign wealth funds and others.

Europe will mobilize 300 billion euros for the initiative over the same period to build up a sustainable alternative to China’s Belt and Road Initiative scheme, which Chinese President Xi Jinping launched in 2013, European Commission President Ursula von der Leyen told the gathering.

The leaders of Italy, Canada and Japan also spoke about their plans, some of which have already been announced separately. French President Emmanuel Macron and British Prime Minister Boris Johnson were not present, but their countries are also participating.

China’s investment scheme involves development and programs in over 100 countries aimed at creating a modern version of the ancient Silk Road trade route from Asia to Europe.

White House officials said the plan has provided little tangible benefit for many developing countries.

Biden highlighted several flagship projects, including a $2 billion solar development project in Angola with support from the Commerce Department, the U.S. Export-Import Bank, U.S. firm AfricaGlobal Schaffer, and U.S. project developer Sun Africa.

It’s amazing that actual scientists are not saying that this windmill and solar panel thing will not work, and is extremely destructive to the natural environment. But I guess anyone who says that gets accused of being a racist.

Where is Ursula von der Leyen going to get the products to deliver on her cheap rip-off of One Belt, One Road? The West doesn’t have any products other than weapons systems, pornography and human suffering.

Will her system be used exclusively to deliver transsexual propaganda to small children?

Name one thing the West does better than China that doesn’t have to do with grooming children into homosexuality.

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