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‘G7 summit: Leaders detail $600bn plan to rival China’s Belt and Road initiative’ ‘PGII’


COGwriter

The ‘Group of Seven’ nations,’ known as G7 has once again pledged to spend money on infrastructure to try to counter China’s Belt and Road Initiative:

G7 summit: Leaders detail $600bn plan to rival China’s Belt and Road initiative

June 27, 2022

G7 leaders have detailed plans to mobilise $600bn in funding for the developing world in a move seen as a counter to China’s Belt and Road plan.

The Partnership for Global Infrastructure and Investment (PGII) relaunches a scheme unveiled at last year’s G7 talks in England. …

The plan calls on G7 leaders to raise $600bn over five years to fund the launch of infrastructure projects in middle and low-income countries.

The US has promised to raise $200bn (£162bn) of the total through grants, federal funds and private investment, while the EU has announced a further 300bn euros (£257bn). …

The plan has been pitched as a way to counter China’s ambitious Belt and Road Initiative (BRI). Launched by Chinese president Xi Jinping in 2013, the BRI provides financing for emerging countries to build infrastructure like ports, roads and bridges. …

European Commission President Ursula von der Leyen said the aim of the latest project was to present a “positive powerful investment impulse to the world to show our partners in the developing world that they have a choice”.

The infrastructure plan was first unveiled at the 2021 G7 summit in Britain. Called the Build Back Better World at the time, the US-driven plan faltered from a lack of progress, and the project was renamed to PGII before being resuscitated at the 2022 summit. http://www.businessghana.com/site/news/politics/265705/G7-plan-to-rival-China%27s-Belt-and-Road

Something similar happened last year (see G7’s counter ‘silk road’ will assist European trade). However, I do not recall seeing that the USA ended up doing anything of significance related to that in 2021. Maybe the USA will do something this time.

The Europeans, however, did take steps last year. The European Union launched its Global Gateway project on December 1, 2021, which among other things, is intended to be Europe’s counter to China’s Belt and Road Initiative:

The European Union has unveiled its €300 billion ($340 billion) alternative to China’s Belt and Road initiative— an investment program the bloc claims will create “links, not dependencies.”

The aim of the EU program — called Global Gateway — is to help underpin the global recovery by mobilizing investments in digital, clean energy and transport networks, as well as boosting health, education and research systems across the world. …

European Commission President Ursula von der Leyen said the plan offered a “‘true alternative” to China’s global infrastructure program, which has been accused of saddling some countries with huge debts since its inception in 2013. …

Von der Leyen said that countries “need better and different offers” of finance and that the EU plan — which will make investments over the next six years — will not build up “unsustainable debt levels” in partner countries.”They know we are transparent, they know it is accompanied by good governance,” von der Leyen said.

Over the past few years, China has poured billions into building roads, railways and ports worldwide to forge new trade links and diplomatic ties. As of March 2021, 139 countries had signed up to Beijing’s initiative, accounting for 40% of global GDP, according to the Council on Foreign Relations, a US think tank. The European alternative to China’s Belt and Road will be financed by a mix of €18 billion ($20 billion) in grants and €280 billion ($317 billion) in investments from member states, their development banks, the private sector and EU financing bodies, including the European Investment Bank, the European Commission said in a statement.

Digitalization

The European Union will invest in fiber optic cables between countries, satellite communications and cloud infrastructure to better facilitate global cooperation, data sharing and AI development. It will provide an additional €15 million ($17 million) to a program that aims to extend work on a 35,000 km (22,000 mile) high–speed fiber optic network to the rest of Latin America.

Clean energy

The bloc plans to integrate its energy systems, transition to renewables and partner with other countries to boost renewable hydrogen production. It will also work to eliminate barriers to the international trade of hydrogen. It has committed €2.4 billion ($2.7 billion) in grants to Sub-Saharan Africa and €1 billion ($1.2 billion) to North Africa to boost renewable energy production and energy efficiency.

Transport

In perhaps the most direct challenge to China’s initiative, the European Union will also invest in transport infrastructure — railways, roads, ports, airports and border crossings — to help develop countries and diversify their supply chains. It said it would provide an additional €4.6 billion ($5.2 billion) toward sustainable transport links, including establishing a trans-Mediterranean network connecting North African countries to the bloc. https://www.cnn.com/2021/12/01/business/global-gateway-eu-china-belt-road/index.html

Europe looks to be serious about this.

Here is some of what EU News says about the project:

What is new in this Communication and how does it relate to previous initiatives in Connectivity?

Global Gateway is global in scope, adapting to the needs and strategic interests of different regions. It builds on the achievements of the 2018 EU-Asia Connectivity Strategy, the recently concluded Connectivity Partnerships with Japan and India, as well as the Economic and Investment Plans for the Western Balkans, the Eastern Partnership, and the Southern Neighbourhood, but paying also particular attention to Africa, Central Asia and Latin America.

Global Gateway will be implemented in a Team Europe approach, that brings together funding by the EU, its Member States and European financial institutions, ensuring that investments can be targeted and more effective, strengthening existing initiatives and fostering new ones.

Global Gateway is values driven and based on the Union’s high social, environmental, fiscal and labour standards. It will focus on physical infrastructure – such as fibre optic cables, transport corridors, clean power transmission lines – to strengthen digital, transport and energy networks. It will also provide an enabling environment to make sure projects deliver, by offering attractive investment and business-friendly trading conditions, regulatory convergence, standardisation, supply chain integration and financial services. The EU has put in place financial and other tools to address the investment needs in sustainable infrastructure development across the world. accessed 12/02/21 https://ec.europa.eu/commission/presscorner/detail/en/qanda_21_6434

The EU project is ambitious. It is intended to help insure, that it, and not China will gain dominance. This is strategically interesting in that Europe is not intending to spend as much as China, but by being more selective about where to spend its funds, it will mainly fill in ‘gaps’ that it expects will benefit it the most.

Furthermore, unlike the Chinese plan, the European one involves infrastructure around data and communications technology.

Related to this, we put together the following video on our Bible News Prophecy YouTube channel:

12:52

EU’s Global Gateway, Trade, and War? 

The European Union announced that it planned to spend €300 billion ($340 billion) in a program called ‘Global Gateway.’ According to EU Commission President Ursula von der Leyen it is a “true alternative” to China’s Belt and Road Initiative, also known as the Silk Road Project. Both the EU and Chinese projects will improve road, ports, and/or other infrastructure to connect with Europe, Asia, the Middle East, Africa, and Latin America. Will this result in increased trade for Europe and Asia during the time of the Gentiles? Will Babylonian Europe dominate trade for a time? Will devastating war hit Europe with Russian and Eurasian involvement? Would infrastructure these projects are involved in be used for war? What about preparation for Armageddon? Dr. Thiel address these issues and cites biblical prophecies related to these matters.

Here is a link to our video: EU’s Global Gateway, Trade, and War?

The Bible shows that economically as the “daughter of Babylon” Europe will rise up in this century–(cf. Revelation chapters 17 & 18)–and this project is another step in that direction. Increased spending for it, including apparently some from the USA, will help Europe–under the name of ‘Partnership for Global Infrastructure and Investment’ (PGII) .

Consider that while China’s Belt and Road Initiative (BRI) itself will face various obstacles, it looks to be supportive of some biblical prophecies.

Since the Bible teaches that it will be Europe that will dominate world trade, the BRI, PGII, and Europe’s Global Gateway look to be ways that Europe will get access to markets in Asia and Africa. Roads work both ways. Furthermore, Europe has a long history of trading with Asia and Latin America and is biblically prophesied to continue to do so.

Consider that the Bible teaches the following about an end time European power:

2 … Babylon … 3 For all the nations have drunk of the wine of the wrath of her fornication, the kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the abundance of her luxury. (Revelation 18:2,3)

The above is referring to the fact that nations of the world are prophesied to get wealthy trading with end time Babylon, which will be a European entity.

Back in 1971, the old Worldwide Church of God (WCG) published the following:

Momentous, historic events are transforming Western Europe. But most Americans are “asleep at the switch” to what is happening. It’s time for a self-centered America to wake up – before her allies become her enemies. Envision the startling future of Western Europe. A … union of perhaps 250 million people, surpassing both the United States and the Soviet Union in economic strength, possessing for the first time worldwide political power and influence. One news source recently called it an “enormous, physically powerful beast.” A new Western Europe controlling perhaps half of all world trade, by exclusive arrangements with dozens of nations who produce raw materials. A “United States of Europe” possessing one single currency – a currency so strong that it will replace the U. S. dollar as the kingpin currency of world trade. (Hogberg G. EUROPE’S COMMON MARKET RISING WORLD COLOSSUS. Plain Truth, 1971)

Now we all know that Europe has its own currency–a currency that some see as the logical replacement for the US dollar for world trade. Now, let me add that less than a decade after the above was published, the WCG publicly announced that Eastern Europe would also be part of this European power. And within a decade of that, Eastern European nations began to officially join in with what has become the European Union (more in Eastern Europe have also applied to become members of the EU). And in population, the European Union already is actually larger than that of the USA.

The prophecies in Revelation 18 about the trading Babylonian power will come to pass. Back in 2019, I posted the following:

Infrastructure helps trade, and that is what the BRI project is intent on doing. (Thiel B. Italy looking to support ‘Silk Road 2.0,’ the Chinese Belt and Road Initiative. COGwriter, March 8, 2019)

With the BRI and its Global Gateway, Europe is getting more of the connectivity that it wants.

Related to China’s project and Europe, we also put together the following video on our Bible News Prophecy:

8:20

China’s Silk Road and Babylon the Great

China has been embarking on a multi-trillion dollar project to build roads and ports to connect more of Asia, Africa, the Middle East, and Europe to it. This has been called the ‘Belt and Road Initiative,’ Silk Road Project, Silk Road 2.0, and the One Belt, One Road Initiative. While this is expected to benefit Chinese trade (as well as provide infrastructure for the gathering at Armageddon), could this also benefit the rise of Babylon the Great foretold in the Book of Revelation and scriptures in the Old Testament? What about the proposed Polar Silk Road? Will the benefits to Europe last or will the end time ‘daughter of Babylon’ possibly face invasion from nations involved with the Silk Road project? Dr. Thiel addresses these issues with scriptures from the Bible.

Here is a link to our video: China’s Silk Road and Babylon the Great.

Despite various problems, there will be increased connectivity between Europe, Asia, Africa, and Latin America.

China, Russia, and the Europeans are working on that type of increased connectivity.

Properly understood biblical prophecies are coming to pass.

Jesus said, “And what I say to you, I say to all: Watch!” (Mark 13:37).

The development of infrastructure in Europe and Asia is something to watch.

Some items of possibly related interest may include:

PGII’China’s Silk Road and Babylon the Great China has been embarking on a multi-trillion dollar project to build roads and ports to connect more of Asia, Africa, the Middle East, and Europe to it. This has been called the ‘Belt and Road Initiative,’ Silk Road Project, Silk Road 2.0, and the One Belt, One Road Initiative. While this is expected to benefit Chinese trade (as well as provide infrastructure for the gathering at Armageddon), could this also benefit the rise of Babylon the Great foretold in the Book of Revelation and scriptures in the Old Testament? What about the proposed Polar Silk Road? Will the benefits to Europe last or will the end time ‘daughter of Babylon’ possibly face invasion from nations involved with the Silk Road project? Dr. Thiel addresses these issues with scriptures from the Bible.
Is China paving roads to Armageddon? China is working on something known as the ‘Silk Road’ project or the “One Belt, One Road” initiative. NBC reports that China intends to spend one trillion dollars to build roads, bridges, railroads, and maritime facilities to reach from China to Europe and China to the Middle East. Over 60 nations, including Russia, are involved with this. Could this Silk Road project possibly produce thoroughfares that could be used by troops that will amass at Armageddon? Dr. Thiel discusses this project and some of its potential prophetic ramifications in this video.
Iran in Prophecy Is Iran in Bible prophecy? If so, what does the Bible teach? What names, other than Persia, may be used to describe Iran? There is also a related YouTube video titled Iran In Prophecy.
Armageddon Who is involved and when will this gathering happen? Here is also a video from Dr. Thiel, from Tel Megiddo in Israel: Armageddon. Other videos include: Armageddon Will it come on Trump’s watch?, Iraq, Armageddon, & Prophecy, Freemasonry, Armageddon, and Rome, Is China paving roads to Armageddon?, and Jordan, Petra, and Armageddon.
China, Its Biblical Past and Future, Part 1: Genesis and Chinese Characters Where did the Chinese people come from? This article provides information showing that the Chinese peoples must have known about various accounts in the Book of Genesis up until their dispersion after the Tower of Babel. Here is a link to a version of this article in Spanish: ¿Prueban los caracteres chinos la exactitud de la Biblia?
China, Its Biblical Past and Future, Part 2: The Sabbath and Some of God’s Witness in China When did Christianity first come to China? And is there early evidence that they observed the seventh day sabbath?
Asia in Prophecy What is Ahead for Asia? Who are the “Kings of the East”? What will happen to nearly all the Chinese, Russians, Indians, and others of Asia? China in prophecy, where? Who has the 200,000,000 man army related to Armageddon? A YouTube video of interest may be Is China THE Threat to the United States of America?
The Eurasian Union, the Kings of the East, and Bible Prophecy Is there a Eurasian union that will be formed? Is one being formed right now? Are any leaders working on that in the 21st century? Does the Bible teach that there will be a Eurasian union? If some type of Eurasian union is formed, who might it benefit and who will it destroy? A related video would be Is The Eurasian Union Rising?
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here are links to two related videos: The King of the North is Alive: What to Look Out For and The Future King of the North.
The Great Monarch: Biblical and Catholic Prophecies Is the ‘Great Monarch’ of Catholic prophecies endorsed or condemned by the Bible? Two sermons of related interest are also available: Great Monarch: Messiah or False Christ? and Great Monarch in 50+ Beast Prophecies.
Satan’s Plan Does Satan have a plan? What is it? Has it already been successful? Will it be successful in the future? Here are links to a two-part sermon series: What are Some of the Parts of Satan’s Plan? and Satan’s Plan is More Dramatic than Many Realize.
Fourth Horseman of the Apocalypse What is the pale horse of death and pestilences? What will it bring and when? Here is a link to a related sermon: Fourth Horseman, COVID, and the Rise of the Beast of Revelation. Some shorter related videos may include Amphibian Apocalypse: Threat to Humans? and Zombie Deer Disease is Here! Are the 10 Plagues on Egypt Coming? Here is a version of the article in Spanish: El cuarto jinete de Apocalipsis, el caballo pálido de muerte y pestilencia.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be: Are Chinese threats against Australia for real?
Will the Anglo-Saxon-Celtic Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
Canada in Prophecy: What Does Bible Prophecy, Catholic Prophecy, and other Predictions Suggest About the Future of Canada? There are prophecies that suggest involvement with Canada. And many are not positive about its future. A sermon of related interest is also available: Canada in Prophecy.
Australia and New Zealand in Prophecy Do biblical prophecies help explain the wealth blessings for Australia and New Zealand? Might cursings from disobedience come in the 21st century? Here is a link to a related sermon: Australia and New Zealand: Origins and Prophecy.
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here are links to two related videos: The King of the North is Alive: What to Look Out For and The Future King of the North.
Does God Have a 6,000 Year Plan? What Year Does the 6,000 Years End? Was a 6000 year time allowed for humans to rule followed by a literal thousand year reign of Christ on Earth taught by the early Christians? Does God have 7,000 year plan? What year may the six thousand years of human rule end? When will Jesus return? 2029 or 20xx? There is also a video titled 6000 Years: When will God’s Kingdom Come? Here is a link to the article in Spanish: ¿Tiene Dios un plan de 6,000 años?
When Will the Great Tribulation Begin? 2022, 2023, or 2024? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: Great Tribulation: 2026 or 2027? A shorter video is: Can the Great Tribulation start in 2022 or 2023? Here is a video in the Spanish language: Es El 2021 el año  de La Gran Tribulación o el Grande Reseteo Financiero.
Mexico, Central America, South America, Brazil, and the Caribbean in Prophecy [Español: México, América central, Suramérica, Brasil y el Caribe en la profecía] [Português: México, América Central, Ámérica do Sul, e Brasil na profecia] What will happen to those of Latin America? Will they have prosperity? Will they cooperate with Europe? Will they suffer in the future? What role might the various Caribbean nations/territories play? Two videos of related interest are available: Will Mexico Regain USA Territories? and Donald Trump and Mexico’s future. A sermon of related interest is available: Latin America in Prophecy.
The Times of the Gentiles Has there been more than one time of the Gentiles? Are we in it now or in the time of Anglo-America? What will the final time of the Gentiles be like? A related sermon is available and is titled: The Times of the Gentiles.
Armageddon Who is involved and when will this gathering happen? Here is also a video from Dr. Thiel, from Tel Megiddo in Israel: Armageddon. Other videos include: Armageddon Will it come on Trump’s watch?, Iraq, Armageddon, & Prophecy, Freemasonry, Armageddon, and Rome, Is China paving roads to Armageddon?, and Jordan, Petra, and Armageddon.

This entry was posted on Monday, June 27th, 2022 at 7:00 am and is filed under Prophecy.



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