You were saying?

After yesterday I had all these ‘complaints’ and how wrong I was, that this would never happen and I rejoiced, because the evidence was already there. I was actually dreading todays article (which will now happen tomorrow) and puts Apple and Google in a setting of funny money. But first this part. So, people were sure I was wrong? So let’s take a look at Al Jazeera (at https://www.aljazeera.com/economy/2023/8/25/saudi-arabia-considering-chinese-bid-to-build-nuclear-plant-report-says) gives us ‘Saudi Arabia considering Chinese bid to build nuclear plant, report says’ where we are given “Saudi Arabia is considering a Chinese bid to build a nuclear power plant in the kingdom amid frustration over the United States’ stipulations for supporting Riyadh’s quest for nuclear power, the Wall Street Journal has reported” which with the added “In 2019, a senior Chinese official said Beijing could build as many as 30 overseas nuclear reactors through its “Belt and Road” infrastructure drive over the following decade”. So to give you the bland numbers, a nuclear reactor will cost between 6 and 8 billion. So 30 of them amount to around $200,000,000,000 that is revenue the US is now losing directly, one deal cost that much. I have no doubt that China will get a mere 1-3 reactors to start with, yet this amounts to well over $20,000,000,000 from the start. Revenue the US (optionally partially EU too) will lose. One deal sets that strain on the US revenue needs and partially European too. Now we also get (from an unknown source at http://www.ecns.cn/m/news/culture/2023-08-25/detail-ihcskrzm0994854.shtml) there we are given ‘Saudi Arabia to teach two Chinese classes weekly in secondary schools’, if this is true then the KSA are tightening bonds with China and that spells a bad year for America. I might have foreseen a lot of this, but to see operational steps being done implies that the USA is done in the Middle East. In addition to this I wonder how far the steps are at present with the UAE. You see they are both joining BRICS, as such they both stand to gain by these steps at present. Even as the UAE might not be seeking nuclear power, they (especially Dubai) stands to gain a lot by having at least one. So whatever is under options with Saudi Arabia, I reckon that the UAE is not far behind on this. In a day we see the stage where the US, due to its own stupid actions is about to lose out on well over 200 billion, and it is seemingly all going towards China. So you were saying? And how much more losses will America cop before it starts to realise that the folly approach from 2019 onwards was stupid on a premium level? 

And this is merely the beginning. As NEOM grows, so will the opportunities that China will get, America, the UK and EU pretty much priced themselves out of those markets. And the news goes from bad to worse. None at the moment, but in Q4 2023 there will be a lot more news clippings on options that are now no longer going to the American Coffers, that part is pretty clear at this point. So I was right all along. It doesn’t make me happy or joyous, yet for the Americans who realise that they are out they might want to have a heart to heart with the politicians and analysts who should have seen this long before I did and if they did, why was nothing done?

Enjoy the weekend.