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Nicaragua and China to Build New Canal

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possible routes for canal by Simone Foxman

The beginning of a second canal connecting the Atlantic and Pacific Oceans will begin in earnest in December of this year. In effect, Nicaragua and China have agreed that a $40 billion canal project running through Nicaragua will modernize the short cut from one ocean to the other, a move made necessary because the Panama Canal is too small for many modern ships to pass through.

Thus, the US will no longer control traffic between the two oceans.

A new paradigm is dawning in the Americas and it points to a diminishing role for the super power, even in its own back yard.

The president of Nicaragua, Daniel Ortega, is the leader of the Sandinista National Liberation Front who has returned to power after his first term in office in the 1980s. It was during those Reagan years where the US President violated US Congressional mandate and continued to support the Contra terrorist group and their wanton killing of rural peasants and farmers that forced President Ortega from office the first time and that finally came to a head during the Iran/Contra Affair in 1986.

This time around, Nicaraguan President Ortega and Chinese President Xi Jinping have been able to finalize this important agreement and will be able to finance this, at least partly, through the QE money from the US taxpayer.

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57 year old Californian male - I've lived in four different countries, USA, Switzerland, Mexico, Venezuela - speak three languages fluently, English, French, Spanish - part-time journalist for Empower-Sport Magazine. I also write four newsletters.

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Does this mean that China will control the canal a... by rini920 on Friday, Feb 21, 2014 at 12:09:12 PM
Absolutely. The agreement gives China sole rights ... by John Little on Friday, Feb 21, 2014 at 1:04:38 PM
Bigger ships and more Chinese junk for East Coas... by KurtB on Saturday, Feb 22, 2014 at 7:22:55 PM
KurtB, That's one destination to be sure. But a n... by John Little on Sunday, Feb 23, 2014 at 3:40:17 PM
John - it is called progress.  China can affo... by Doc McCoy on Sunday, Feb 23, 2014 at 12:51:52 AM
Yep. There's no such thing as a free lunch, so we ... by John Little on Sunday, Feb 23, 2014 at 3:41:32 PM
This story indeed shows that we are entering a new... by Howard Schneider on Sunday, Feb 23, 2014 at 1:38:31 PM
Thanks, This will only help the European Union an... by John Little on Sunday, Feb 23, 2014 at 3:49:59 PM