It’s one of the great engineering achievements in history…
At 48 miles long, the Panama Canal cuts through a narrow strip of land in Central America.
It links up the Atlantic and Pacific oceans, allowing ships to pass through the landmass instead of sailing around a whole continent.
Ships pay dearly to use this shortcut… up to $375,000 for a one-way toll.
It’s worth the price.
There’s only one other route between the Atlantic and Pacific oceans: a 7,872-mile journey around the tip of South America.
This trip can take weeks and cost hundreds of thousands of dollars in fuel.
The U.S. built the Panama Canal in the early 1900s. At a cost of $9 billion in today’s dollars, it was the most expensive construction project in U.S. history at the time.
So when other countries (including Germany and Japan) tried to build a second canal in nearby Nicaragua, the U.S. wouldn’t have it. A second canal, just 500 miles away, would dilute its value.
In 1912, the U.S. military even occupied Nicaragua to make sure there would be no Nicaraguan canal.
And there never was.
But that’s all about to change…
The Chinese are preparing to build a Nicaraguan Canal. Like the Panama Canal, it will be a shortcut for ships to pass through Central America.
If all goes to plan, China will finish its canal in about 10 years.
And here’s the thing…
China’s Nicaraguan Canal is just a small piece of a much larger strategy of building strategic infrastructure to bypass U.S. control.
The focal point of this strategy is a project called the “New Silk Road.” And if China has its way, the New Silk Road will help China dethrone the U.S. as the dominant world power.
The New Silk Road is the biggest story you’re not hearing about. The U.S. media has barely made a peep about it. Maybe because it’s just too big and complex to fit into soundbites…
According to Wikipedia, the status on the canal seems to have stalled and the key financial backer lost 80% of his wealth.
As of March 2016, no significant construction has taken place. No “major works” such as dredging will take place until after a Pacific Ocean wharf is finished and the wharf’s construction will not start until sometime after August 2016.
On 3 April 2016, Suzanne Daley, writing in the New York Times, reported that progress on the project seemed stalled. Daley reported that Nicauraguan President Daniel Ortega hadn’t mentioned the Canal in months.She reported that cows were still browsing for grass in the field where Wang held his ground-breaking. She reported that Wang had financial setbacks unrelated to the Nicauragua project, and that he had lost eighty percent of his net worth.