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Started By
Message
re: Thanks to Trump, BlackRock now owns the ports in Panama
Posted on 3/5/25 at 8:23 am to RogerTheShrubber
Posted on 3/5/25 at 8:23 am to RogerTheShrubber
quote:
Probably better in the hands of the Chinese.
Why? From the perspective of being American, this makes no sense. I know BlackRock gets a lot of bad wrap, as they should, but a least they are an American company. Better to see those port fees go to an American owned company and not a CCP owned company.
2
Posted on 3/5/25 at 8:23 am to jrodLSUke
quote:
Here come the Democrats to voice their support for China CCP.
People CAN hate the CCP and still not be thrilled about all powerful global investment companies man. Not everything has to be either/or.
This post was edited on 3/5/25 at 8:24 am
Posted on 3/5/25 at 8:24 am to GumboPot
quote:
Why?
Because he's RogerTheCucker. Guy has an intense seething disdain for every day Americans.
Posted on 3/5/25 at 8:26 am to GumboPot
quote:
but a least they are an American company.
An American company who is more responsible for the problems we face here than the Chinese are.
They literally have special privileges and are used by the Fed, and then turn and use their "DEI" to frick over the people.
They are a quasi-governmental entity that does dirty things the govt cant do because of the constitution.
Posted on 3/5/25 at 8:27 am to TigersHuskers
quote:
Because he's RogerTheCucker. Guy has an intense seething disdain for every day Americans.
You poor little union lackey. Thinking blackrock is going to save you..
Posted on 3/5/25 at 8:27 am to POTUS2024
Again people, it’s lesser of two evils. This isn’t a fairy tale world we live in, it’s the real world.
Posted on 3/5/25 at 8:28 am to Geauxgurt
quote:
Trump helping the rich get richer and get more control? Oh my. Color me shocked.
Was Trump supposed to give the Panama Canal to the poor?
Posted on 3/5/25 at 8:30 am to Penrod
quote:Meh,
BlackRock has the ports but they don’t have $22.8 billion they used to. The only way this has helped BlackRock is if the actual value is greater than $22.8 billion.
BlackRock structures deals like the Panama ports acquisition with funds from institutional investors rather than its own corporate balance sheet.
Investors carry the risk. They receive returns through dividends, profit-sharing, or eventual resale of the asset at a higher valuation.
Posted on 3/5/25 at 8:34 am to RogerTheShrubber
quote:
You poor little union lackey. Thinking blackrock is going to save you..
You’d rather the country that just yesterday said they’re ready for an actual war with us to own it
fricking idiots
Posted on 3/5/25 at 8:34 am to Hodag
quote:
is America better off with Communist China or Black Rock owning the ports?
Definitely not China.
US should own it though. Carter fricked up big.
Posted on 3/5/25 at 8:35 am to Proximo
quote:
You’d rather the country that just yesterday said they’re ready for an actual war with us to own it
Blackrock is not "us."
They are part of the cause of why our economic system is so fricked up
The canal is owned by Panama. We're talking two parts that have no bearing on us.
This post was edited on 3/5/25 at 8:37 am
Posted on 3/5/25 at 8:39 am to RogerTheShrubber
quote:
Neither has any power over the Canal.
Then someone needs to ask China why they are so upset...
China lashes out at US ‘coercion’ after Panama declines to renew infrastructure agreement
The US is right to be concerned about China’s influence over the Panama Canal
quote:
Trump’s recent comments on the Panama Canal’s transit fees and Chinese influence have thrust the canal to the forefront of US strategic discourse. Chinese companies such as Landbridge Group and the Hong Kong-based CK Hutchison Holdings now operate ports at both ends of the canal. This presence raises concerns about potential dual-use infrastructure and strategic maneuvering, particularly given China’s deepening ties to Latin America.
quote:
Transit fees, which are calculated using a universally applicable formula, have surged in recent years. In part, these fee increases are a response to droughts in 2023 and early 2024, which restricted the number of ships that could transit the canal. Authorities raised fees to counteract revenue loss from the transit restrictions. Nonetheless, if costs continue to rise, and if China continues to expand its presence around the canal, then there may be louder calls to resurrect the Roosevelt Corollary to the Monroe Doctrine. This corollary asserts the United States’ right to intervene in the region to ensure stability and prevent foreign interference.
quote:
Trump’s claim that the Panama Canal Treaties were a “bad part” of the Carter legacy is a simplification of the nuanced legal and geopolitical complexities surrounding the Panama Canal. The Permanent Neutrality Treaty imposed obligations on both parties. An argument can certainly be made that Panama has, or is close to, breaching some of its treaty obligations:
quote:
Transit fees: Panama committed to ensuring that tolls and related charges for transit would remain “just, reasonable, equitable, and consistent with international law.” US Senate consent to the treaty was predicated on an understanding that fee-setting would consider US interests, including factors such as the feasibility of alternative transportation modes and the goal of maximizing US international commerce. While the shipping fees may be flag-agnostic, they have a disproportionate impact on US shipping. Interpretations of reasonableness may vary but it is clear that Trump views current fees paid by US companies as “exorbitant.”
quote:
Neutrality: Both parties agreed to maintain the canal’s permanent neutrality with particular emphasis on ensuring access for military vessels. China’s economic control on both sides of the canal raises concerns about the potential for rapid militarization and its ability to control canal access. Panama’s willingness to relinquish critical economic control of strategically significant areas and infrastructure—a hallmark of China’s Belt and Road Initiative strategy—casts doubt on Panama’s resolve and capacity to effectively safeguard the canal’s neutrality as agreed to in the treaty. The costs of a neutrality breach are significant enough that the United States may be justified in taking preemptive action.
Again, Roger, you're blind hatred for everything Trump has removed you from reasonable discussion on topics. This was a simple web search, but you are going to sit there and claim China has "no power" over the canal?
Posted on 3/5/25 at 8:42 am to BugAC
quote:
Then someone needs to ask China why they are so upset...
Just admit you were wrong.
Panama controls the canal. We are talking management of two ports ALONG the canal and you dipshits keep believing retarded influencers.
quote:
There is no evidence that the Chinese government controls the canal. However, a subsidiary of CK Hutchison Holdings, a Hong Kong-based conglomerate and one of the world’s leading container terminal operators, has managed two ports—at Balboa on the Pacific coast and at Cristóbal on the Atlantic coast—since 1997.
Posted on 3/5/25 at 8:42 am to RogerTheShrubber
Yeah, putting this in the hands of the worst globalist overlords that this board fights against doesn't seem great.
Posted on 3/5/25 at 8:44 am to BugAC
quote:
Nonetheless, if costs continue to rise,
quote:
In 2023, canal authorities increased the fees for passing ships and limited the number that could cross each day after water levels fell to record lows amid a prolonged drought. While levels have since climbed, experts say the need remains for new investments in the canal’s water management systems as extreme weather events and other climate disruptions increasingly challenge global supply chains.
For you Trump voters, this is how markets work.
Posted on 3/5/25 at 8:44 am to Bunk Moreland
quote:
Yeah, putting this in the hands of the worst globalist overlords that this board fights
Yep. The Globalists win again.
Posted on 3/5/25 at 8:46 am to RogerTheShrubber
You support Jimmy Carter, Biden and China. You are a clown
Posted on 3/5/25 at 8:48 am to Geauxgurt
quote:
Geauxgurt
A fricking liberal using spin to throw out a false narrative? Color me shocked.
Posted on 3/5/25 at 8:48 am to Proximo
quote:
You support Jimmy Carter, Biden and China.
No, I support conservative economics, as you once pretended to.
I havent changed, yall have. Not only that, you believe stupid influencers who told you hat China controlled the canal, which is a lie and one Trump repeated.
Trump fed you a fib and you, without doing any research believed it.
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