Showing posts with label Panama. Show all posts
Showing posts with label Panama. Show all posts

Thursday, March 6, 2025

The Panama Canal & The Best MIGA-MAGA-ShowBizMan Money Can Buy

BlackRock, in collaboration with Goldman Sachs, has agreed to acquire a majority stake in the Balboa and Cristobal ports at either end of the Panama Canal from Hong Kong's CK Hutchison Holdings for approximately $19 billion. This acquisition aligns with strategic US efforts to counter China's influence over the canal and the region, as extensively outlined by US President Donald Trump in recent months.
 
On March 4, 2025, Trump praised this as his latest tremendous, beautiful, and incredible deal to the US Congress, referring to it as the US "reclaiming" the Panama Canal. BlackRock's CEO, Larry Fink, a devoted globalist of the Davos cult, has been involved in various Trump initiatives, and his latest acquisition seamlessly intertwines BlackRock's interests with US geopolitical objectives. Nothing could possibly go wrong: everything within BlackRock, nothing outside BlackRock, nothing against BlackRock. Not even two months in office, and already incredible. Perfect deal.

» One way or the other, we’re going to get it. «
The Art of the Deal.
 
Great job, Donnie; Waltz, Witkoff, Rubio, brilliant. Without a single shot and only a little taxpayer money. Exemplary. Checkbook diplomacy, corporatism, and plutocracy at their finest. Very clever. And a deal with the Greenlanders may finally compensate BlackRock for its misinvestment in Biden's Project Ukraine. Let's see how the UKR rare earths, Nord Stream 2, and this Canada thing play out. Now, if only these issues with the Gaza Casino Beach Resort could be resolved, Jared and Ms. Adelson would be really delighted. And you might very well end up with the Nobel Peace Prize, going down in history as Trump, The Peace President. Never mind, whatever is good for the Goldmans, the Musks, and the BlackRocks is sure good enough for your MAGA crowds.
 
 » I reject in the name of Panama and all Panamanians this new affront 
to the truth and our dignity as a nation. Trump is lying again. «
 José Raúl Mulino, President of Panama, on Trump's MIGA-MAGA show to the Congress.
 
However, on March 5, Panama's President José Raúl Mulino accused President Trump of lying in his congressional address when he declared his administration was "reclaiming" the Panama Canal. 
 
 » Truth is reality. The canal is and will always be Panamanian. «
José Raúl Mulino, President of Panama, March 6, 2025.
 
Panama asserts full control over the canal, arguing that the Chinese group's port operations do not equate to Chinese control over the waterway. The government called the sale a private transaction and dismissed any notion of US "reclaiming" the canal. Mulino rejected claims that the deal was due to US pressure, posting a message on X: "I reject in the name of Panama and all Panamanians this affront to the truth and our dignity as a nation," and accused Trump of "lying again". C'mon, Stalin Mulino, life is a business, and I pleased my MIGA-MAGA crowds. Truth is reality.
 
 » Too Pig to Fail. «
 
 

Monday, December 23, 2024

The Panama Canal, Greenland, and Trump 2.0 | Andrew Korybko

Trump threatened that the US might retake control of the Panama Canal if it remains under indirect partial Chinese management and continues to charge the US what he described as exorbitant rates for passage. He then posted shortly after that, "For purposes of National Security and Freedom throughout the World, the United States of America feels that the ownership and control of Greenland is an absolute necessity." Both are his for the taking if he really wants them, but it’s unclear whether he does.

 » Available for Trump to claim if he truly desires. «

As regards the Panama Canal, Trump's immediate imperative appears to be rolling back Chinese influence over this crucial waterway, which he seemingly fears could be leveraged by the People's Republic to cut the US off from transoceanic shipment in the event of a crisis over Taiwan. He might also want to coerce Panama into shutting down illegal migrant routes to the US via the Darien Gap. Both are sensible from the perspective of his MAGA worldview that aims to restore the US' unipolar hegemony.

His objectives in Greenland might be similar in the sense of ensuring that Chinese companies don't obtain a monopoly over that island's critical mineral reserves as well as preventing the construction of "dual-use infrastructure" that might one day give Beijing military and intelligence advantages. Direct control over sparsely populated and practically undefended Greenland, which formally remains part of Denmark, is seen as the most effective means to that end.
 
  » A monopoly over the island's critical mineral reserves. «

Trump's threat to the Panama Canal and his claim to Greenland are also likely meant to appeal to his supporters' expectations that he'll "Make America Great Again" in a visible geopolitical way. Even if he doesn't impose formal US control over them, expelling Chinese influence from both and replacing it with US economic influence could be enough to satiate them. This could also solidify his legacy and lay the basis for his successor, who'd probably be
JD Vance, to establish formal control sometime later.
 

Both are Trump's for the taking if he really wants them since neither could meaningfully oppose the US military if he authorizes an invasion. They'd be low-cost operations with high economic and political returns even though they'd occur at the expense of the US' international reputation. The global community would predictably decry them as imperialist invasions, but nobody would stand in the US' way nor sanction it afterwards. The most that might follow is harsh rhetoric, nothing more substantive.
 
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