China just took possession of Uganda's only major airport after the country failed to pay its debts on time

Nov 27th

If this doesn't raise a bunch of seriously frightening alarm bells for you, well, it should:

Chinese lenders, the Export-Import Bank of China, also known as Exim Bank, has taken over the Ugandan Entebbe International Airport and other assets in the country over the failure of the Ugandan government to repay a loan.

This came despite reports that President Yoweri Museveni had sent a delegation to Beijing for a renegotiation with the Chinese government over toxic clauses that exposed the East African country...

According to the Daily Monitor, the Ugandan government waived international immunity in the agreement it signed to secure the loans, exposing Entebbe International Airport to take over without international protection.

That's...not good for Uganda. That's not good for anyone, except for China, anyway.

Just as a reminder, the U.S. currently owes China around $1 trillion.

Xi is on the move.


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