That is on the agenda. Most people are hauling what they can to see their name in COP29, but the others (or those who put their name down already) are trying to be seen as the anti-China voice in the middle east. Because that is what Trump wants, right?
That is the setting of the next wannabe, the next facilitator or the next service provider. Saudi Arabia, Aramco, the UAE and ADNOC’s next need, that is what their limited view states. I cannot agree. That was what the region needed, the next iteration however is as subtle as a maul to a shin.
You see, most are ‘reacting’ to ‘Better offer needed if the US wants to pull Saudi Arabia away from China’ (Amwaj media) or ‘Saudi Arabia seeks mining deals with Chinese, Indian and Canadian firms in industry push’ (AL-monitor). There are more headlines, but the cautious player notices that America (or USA) is in several instances no longer mentioned. That is the actual play. President elect Trump has a problem. His library is not on the mind of those who need to have it on their minds and that is a plural issue. Microsoft might be ‘offering’ the world to the UAE in AI, but the critics who know a thing or two are skeptical. I cannot tell if there is a silence delay, or an actual disregard in play for the USA. You need to be in the know with China and a certain palace in Riyadh to know the actual setting. And in this Amwaj gives us “if Washington truly wants Riyadh to join the US camp, it should come up with a better offer—instead of a proposition with strings attached.” Funny that, I said something similar on March 11th 2020 in ‘Who is Miss Calculation?’ (At https://lawlordtobe.com/2020/03/11/who-is-miss-calculation/) the words are not the same, but the spirit was. As most would embrace Good business is where you find it, others went for Money talks, bullshit walks. So who was president then?
It does not matter, policies are always on a turntable, but the disc hits that direction 33 times a minute. Faster if you play a CD. No matter whose president when this matter resurfaces. China had a while to set his ducks in a row and he merely needs to watch the fallout whilst he takes shelter regarding the massive boink the Americas show when things turn sour.
America needs a positive hit and that implies being close friends with the Arabian allies UAE and Saudi Arabia. All whilst they know that they need to be friends with China as well. And that is a bitter pill to swallow for America. The tables turn even further as elemental deals (where America would have been the A-team for Arabia) we now see China, India and Canada taking slices of that pie as well. I send stern warnings in 2020 and now we see it happen. So consider that America had the biggest part of that pie until 2015, now we see that America (with $36,000,000,000,000 debt) ends up with a suspected mere 45% of that pie, 55% went into other directions. Add to that the deals Europe and Australia expects to make before Jan 1st 2025 and you see that Saudi Arabia is doing what it needs to do for its country. It might not look nice, but that is the reality of it all and I gave the people heads up for over 4 years. Now it all ‘looks like a crises’ that does not mean it is. It is merely a crises when you were unaware of it all and America was very aware. So seeks the sands with COP29 all whilst there are over 41000 flights each day and many are not needed. So how is that for “biologically formed organic matter”. Yes they will stop some of this all whilst a massive chunk of of these 41000 flight each day could be deleted. So where is COP29 now?
And it gets to be bad, or worse for America. The Tariff deal for Canada is seen as disastrous. But when it can deal with China and Saudi Arabia, what Canada loses on one side, it will gain more on the other side, America painted itself in a corner. And for the sweeter deal? It might be too late for that. China has gained about 15% of the pie that was meant for America, as such the bills will be pushed along forward and there is actual consideration that America would have to lease its land to others to make a shilling and it is not shillings that America needs. It needs a wheelbarrow of these coins. As I see it, America now has less than 4 turns until it can no longer make any moves. It wont be able to afford the entry fee to make a move. As such I personally believe that America has been playing the wrong game. They were playing chess whilst Chinese chess was needed. They never used the board optimal and now that they figured out the game, it is too late for that.
In my own view (optionally a wrong one), the friends of Trump are heading for the hills. They will not get away Scott free, but they will get away. The rest gets saddled with the biggest invoice in human history and they cannot foot the bill. And don’t think that this is not on you all. Your pensions are about to go the way of Lehman Brothers 2003. The loans that are still outgoing will be foreclosed by the banks foreclosing your banks and you end up having nothing to live upon. That too was blatantly obvious before the end of 2023. Now it matters to whom have the flexibility to make moves with whatever capital they have. Don’t rely on the stock markets. Have investments that are mobile, or optionally real estate. I feel certain that it will come to blows in 2025 when America shows that it has issues settling the bills they have. That is when panic goes global. And when you see this unfold those with a decent penny in Aramco and ADNOC will have a return on investment, the rest? Whatever of these rest players will be left alive in Q2 2025, because there is no reality that this will be true.
And when you ask how come? That would be fair and the answer wa staring you in the face. Country 1 gave payment to a debt of country 2 and Country 2 gave payment to a debt of country 1. So what is that called? And this had been going on for decades. I thought the barn was done away with when we learned of Silicon Valley Bank and First Republic going south on the debit line. However, the worst was dealt with. This time around it might be worse. The USA would need to call themselves bankrupt and the impact of that is beyond my ability to see, but I am willing to place a bet that China knows exactly what to do. You see, when this comes to pass China and others can vie for the 6,278,000 billion barrels a day it imports. It might be cheaper then getting their own oil, but that is where it is headed. India and China will try to get the largest chunk of it. As such Canada, Mexico, Saudi Arabia, Iraq and Colombia will need new customers and I reckon India and China will be chomping at the bits to get these slices of oil. It will impact global economy to a much larger extent. And that was merely the first part. Consider that Huawei is taking over another slice of technology and you have one country falling short on several fields, merely because they did not think things through. So wanna seen what happens when you owe a bank a massive amount of cash and you can only cover 60% of the monthly payments?
How long until this party is over?
Enjoy the day.
Lawrence van Rijn - Law Lord to be 