A quick 🧵on how de-dollarization can happen with more use of Yuan... WITHOUT the Yuan becoming a global reserve currency. A lot of experts get this wrong.
It doesn't have to be all-dollars or all-Yuan
Yeah, like Buddha said, there's a "middle way."
Like shown below:
Here's the bilateral trade:
Saudi sells to China: $57 billion
China sells to Saudi Arabia: $30 billion
Thus, Saudis have trade surplus
Now, Western experts scream that if the trade switched to Yuan, then Saudis will be left with a lot of Yuan! OMG!
First, it's not a big problem, since 70+ central banks already hold Yuan in their FOREX.
But let's assume that the Saudis don't want to make Americans mad!
Nationalization or privatization? Lot of people have strong feelings! 😀 The answer really depends on:
🔹the industry
🔹the percentage of shares
🔹efficiency of the gov
🔹checks & balances
More discussion below:
China has already proven that state-owned enterprises can be quite successful and profitable.
About 100 SOEs are in the global Fortune 500 list.
Russia has a hybrid mix where big gas/oil companies are 51% owned by the government.
Privatisation is great for innovative, consumer-oriented, and tech sectors.
Even in those, without government control, the private sectors will cannibalize their own countries — like how US/EU killed their manufacturing sector.
"After the fall of the Soviet Empire, I picked up the pieces and created the Soros Empire" -- George Soros interview.
The General of Color Revolutions is part of the NATO Deep State. His job is regime change through "grassroots movements" in developing nations.
Why? 4 reasons:
1. It's less expensive than hot wars. 2. It gives US deep state "plausible deniability" -- "Hey, he's just an individual, not the US government." 3. It's great propaganda. "We are liberating people." 4. In poor countries, a few million dollars go a long way
Soros doesn’t do this for just power and fame. There’s immense return on investment after every coup, since the new puppet leader will reward Soros by selling resources, corporations, banks etc. for pennies on the dollar to Soros’ hedge fund. “(Privatization reform”)
Remember that this is after enormous propaganda and censorship.
If Europeans know the truth about NATO expansion, provocations over decades, coups, Nazis in Ukraine, biowarfare labs etc., the poll result would be even more stunning.