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Nicaragua Canal

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majicjack
  11/17/2014 19:11 EST

If anyone is interested on Yahoo.com web search "Current status of the Nicaragua canal project". It has several different opinions and not too many good revues. I did not say they were all negative before you start preaching or whining. Honest open study related opinions.

Someone stated that you should invest your money in a project regardless if it happens or not. If you have a lot of money and want to invest in something like this just to keep money flowing into Nicaragua, there are a lot of people in this world that wants to meet you. I know of one and he does have a history. You can check this out on your own.

The Stock Market of Nicaragua depends on the United States. 56.7 percent of Nicaragua's gross revenue comes from the USA. Nicaragua is mainly and agriculture economy and there are so many factors when it comes to agriculture. Droughts,(Which we just had) floods,(which we just had) market prices and supply and demand. 19% comes from industry and most of which are Zona Francas owned by overseas companies. The Growth Rate is currently a 5% which is not too bad but the current inflation rate is at 19.37

Japan, the worlds third largest economy just went into recession. Russia's currency is tanking, China manipulation of currency and price fixing is fixing to catch up with them and the U.S. Stock Market is shakey at most with rapid up and down cycles. The US Stock Market is largely held up by the feds influx of 85 billion dollars of freshly printed money each month. What happens when this ends?

There is also big doubts that the world shipping market can support two canals. Most investors or at least successful ones do not invest in projects that there is doubt in. If it does happen, Nicaragua will become a puppet state to the Chinese and dance to their music. Large countries do nothing regardless of whom they are for small poor countries with out strings attached.

Now, if anyone is offended by this I don't know what to say for you except it is time you broke the suction on that tit and grow up.

alki
  11/17/2014 21:44 EST

Nice Caveat emptor post, it didn't sugar coat and it takes some of the shine off the polished apple some try to sell

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Salsera
  11/18/2014 00:23 EST

I would like to add the political component. It seems to me that Ortega is sitting very firmly in place, but (sorry to make again a comparison with Madagascar, but what happens in all Third-World countries is almost the same everywhere!): in 2008 their former president R8 sold thousands of hectars of land to the Corean Daewoo company to plant...maize for export to Corea. In a country which IMPORTS rice, because it is not sufficient for their own population.
When this became public, this led to a putch (obviously financed by France who saw their grip on Madagascar vanish..) , followed by 8 months of zero income for many companies and 5 economically very challenging years of permanent crisis which is not finished until now, because the current government is based upon only 50% participation in the election and a ridiculuous majority of a few percent.

If I understood well from following the threads in the forums and some newspaper articles, about 50% of the population are pro and 50% against the channel?

Does anybody have more precise information?

majicjack
  11/18/2014 06:34 EST

I have researched the web and trying to get precise information is almost like living in a dream world especially when in a third world country. It is well know that money and corruption rule. The people hear what a grand deal this is going to be for the poor working class. The country of Nicaragua itself is not prepared to put on this large of a project. There is question if China or only a man from China is the drive behind this project. I believe if it were China, the money would be here and the project on going? Probably very few of the poor working class will ever see anything but inflated prices from this project. Many concessions were made and all in the favor of the other party. Not Nicaragua! Has anyone seen or read what happens to or where do the displaced persons go to restart their lives? I am sure they will not be getting top dollar for their land. Many people will get much richer but I doubt if you will see many new millionaires in Nicaragua from this project.
When you live in a country(USA included) where liars thieves and corruption rule you don't have much to choose from at the polls. These people do what is good for themselves and piss on everybody else.

This is an opinion stated by an individual and there are many different opinions. Most everyone appreciates good arguable opinions and everyone should have the right to express their opinion. Please keep you opinion on the subject. If you wish to resort to name calling, character assassination and other other forms of childish and immature rhetoric the delete button will come into play

Salsera
  11/18/2014 07:45 EST

I read somewhere that the people to be expropriated will receive 35 $ for 1 manzana which is only the "cadaster" (administrtive) value, but not the real one - especially as their land close to the lake seems to be very fertile for agriculture.

I do not think that only 1 Chinese is behind - there must be very specific geostrategic/maybe even military interests. Just my guess.

Coyotlus
  11/18/2014 11:41 EST

Good editorial in today's (11/18) La Prensa.

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wanewbee
  11/21/2014 09:51 EST

Just curious as to how this affects local tribes? Always seemed to me that if there was a way to do so their resources would get seized especially if they had large tracts of land.

JohnSS
  11/21/2014 10:27 EST

Anuncian el inicio de la construccion del Canal Interoceanico de Nicaragua
Nicaragua iniciará a construir× Interoceánico el 22 de diciembre del 2014

http://www.youtube.com/watch?v=3fisFmmUi_s&feature=share

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