When it rains we call the kettle black

Yup an amalgamation of expressions and in this case it is a little more applicable than expected. You see a mere 11 hours ago I wrote in ‘Ruler of law goes metric’ “should the Kingdom of Saudi Arabia want it and limit the shipments of Crude Oil by an additional mere 1 million barrels a day, the US will explode in a stage of anarchy” (at https://lawlordtobe.com/2022/12/10/ruler-of-law-goes-metric/) and 7 hours ago we get from the ABC ‘China promises to buy more Middle East oil, urges Arab leaders to replace the dollar with yuan’ (at https://www.abc.net.au/news/2022-12-10/china-xi-promises-to-buy-more-mideast-oil/101757852), it isn’t a victory when the nightmare scenario starts, but this is what the US was facing all along. Several world leaders learned the hard way what happens when you start wars on multiple fronts. People like Napoleon Bonaparte, Adolf Hitler and Wilhelm 2 all learned that lesson the hard way. Now that the US has a stage with Russia, it had to play nice with Chine to some extent, but it was already too late. Huawei was fresh in China’s memory and the US did NEVER EVER produce clear reports of the dangers that Huawei was. They got tools to make similar claims and none of them produced evidence. Now China sees a way to get back at the US. You see, if China buys 2 million barrels a day the American goose will be cooked within 2 months in the middle of winter no less. This is part of the horrific result of giving Wall Street free rein and now there is no second stage, no escape. The US had clear options a year ago, now not that much and the few they have they are squandering on the wrong priorities. And it is a mere 42 minutes ago when China and Saudi Arabia signed a strategic deal, which now implies that Huawei would get free rein on technology adaption for the Line, that straight building that goes through Saudi Arabia and optionally a lot more in Neom. Did you really think I was out of my mind when I was willing to sell my 5G to Saudi Arabia? This is happening a year earlier than expected, but no one saw the Ukrainian war happen and even less saw it excelarate the way it did in the end. Now China has the option to make the impressions in Saudi Arabia and optionally soon in Egypt as well. I saw this coming and no one believed me, but there is a lot more to Neom than most see, because the US media kept on belittling it and now as the truth comes out we see knee jerk reactions and large claims of miscommunications, and that is not all, if the Yuan will be accepted as currency, the Yuan will get a tour of the Middle East and Africa giving a slam against the power of the Dollar. Now, that does not mean that the dollar ends, but there will be an impact and the dollar will take a hit. All this to a larger effect because certain people relied on ego and not on facts or true innovation. Feel free to read the article (at https://www.middleeastmonitor.com/20221210-saudi-arabia-and-huawei-sign-strategic-deal/) with the added quote “The Saudi Press Agency (SPA) also reported that Chinese and Saudi companies had signed 34 investment agreements in clean energy, information technology, cloud computing services, transportation, construction and other sectors. The agency did not issue figures for the deals but confirmed earlier that the two countries would sign initial agreements worth $30 billion.” It seems to be a simple claim that might not go anywhere, yet the adaptation for net zero carbon data centre’s in Saudi Arabia, Egypt and optionally two additional places are now supporting that my initial IP had a lot more power in Saudi Arabia than even I suspected and this also elevates the options that the Kingdom Holding Company (KHC) has in several places. What was an optional annual revenue of $763 million could start with an 800% growth and leading to well over twice that amount in less than 5 years. Should these data centres become reality than there is a clear case that these centres will be bought by European players, they would not have a choice in the matter and the US claim of danger to national security will not go anywhere, they played that card already. So when it rains, it pours as well as the interaction of the pot calling the kettle black. Two players that were ready and the others were not. 

It is in the end merely that simple.

Advertisement

1 Comment

Filed under Finance, Media, Politics

One response to “When it rains we call the kettle black

  1. Pingback: Dopey and Grumpy, still dwarves | Lawrence van Rijn - Law Lord to be

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.