Welcome back. I'm Peter St. Ange. This is a weekly roundup of my daily videos on the economy and freedom, where I try to cut through the BS and the smoke and mirrors and lay out exactly what the clowns are trying to do to you and what is coming next. With America distracted by two wars, perhaps with more to come, China is making a play to replace the US as world hegemon. Last week China hosted a summit attended by 130 countries, which is most of the countries in the world, that gave a place of honor to Vladimir Putin in a clear middle finger of the US. The summit was to celebrate the 10th anniversary of China's so-called Belt and Road Initiative, which is billed as a modern silk road that has so far plowed a trillion dollars of Chinese infrastructure investment into some 70 countries. Chinese trillions served two purposes. First, to make China's exports cheaper since they can run through modern ports and trains that run on time, instead of the crumbling ports and railroads in third world countries like Kenya or Ohio. But there's a second purpose to buy countries out of the US orbit. As Larry Summers put it, when the US comes visiting these countries, it brings a lecture, a list of demands about climate unions or LGBT policy. But when China comes, it brings a gigantic checkbook for goodies, ports and trains, power plants, telecoms, networks, roads, even apartment complexes. Essentially, China brings a menu. You can have a port and a phone system or a railroad, hydro dam and three apartment complexes mix and match. Do you want an appetizer with it? So it is easy to see why countries might go with China. Of course, this also gives China control over these countries, not only the power of the checkbook, but a lot of the new infrastructure is literally handed over to Chinese companies to run. For example, Greece sold a two-third stake in its largest port to a Chinese company, who also owns 40 to 90 percent of major ports in Italy, Spain and Belgium. The last is important because it competes with Rotterdam, which is Europe's largest port. So what is next?