Panama Canal: From CCP to CFR/BlackRock?
As we noted in Insider Report for February 14, President Trump stunned everyone, us included, with his announcement that the United States would be “reclaiming” the Panama Canal. He prominently reiterated this to a worldwide audience during his address to the Joint Session of Congress on March 4. Earlier in the day, news outlets announced that CK Hutchison Holding had brokered a deal to offload its Panama Canal port holdings to a consortium headed by BlackRock. The Hong Kong-Beijing conglomerate (formerly known as Hutchison Whampoa, before its 2015 merger with Cheung Kong Holdings) has been China’s key instrument for controlling the Panama Canal and influencing the Panamanian government. Now, as we experienced more than four decades ago, the same controlled regime media still insists that fears of China controlling the canal through Hutchison are farfetched. After all, Hutchison is a private company. Yes, well, that lie was exposed many years ago. For details about Hutchison Whampoa’s direct, close ties to the CCP, see our January 31, 2000 article “Reclaim Our Canal,” which covers 16 fallacies about the Canal and the Carter-Torrijos treaties.
Your editor was just about to do a one-hour program on the Panama Canal on national radio show on March 4 when a news flash on the BlackRock-Panama deal caught my eye. This is how the Associated Press described it: “In a filing, CK Hutchison Holding said Tuesday that it would sell all shares in Hutchison Port Holdings and in Hutchison Port Group Holdings to the BlackRock consortium in a deal valued at nearly $23 billion, including $5 billion in debt. The deal has to be approved by Panama’s government….”
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