Comments by "serafina costa" (@serafinacosta7118) on "Is Saudi Arabia Ditching the US Dollar? || Peter Zeihan" video.

  1. Interesting.
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  2. The Chinese haven’t bothered with building carriers as much as the US does. , which may change in the future. Their budgeted shipbuilding money is in frigates and destroyers. Those they can use to escort their hauling of crude back to China as well as any crucial shipment of their exports. A client of mine once told me , himself in Luanda , Angola then , that every time a Chinese Oil tanker dropped anchor to be filled with crude , two frigates escorted then tanker in and out. This a long while ago. Their Navy , then and now , are being used in support of their mercantile activity, primarily. They haven’t yet made to the beligerantes naval power status , which could eventually happen. Building, staffing and maintaining large plane carriers costs serious money, even if you account for Chinese crews. They would rather build islands and reinforce claims in the South China Sea, seeing it as a more cost effective strategy. The US has an advantage in building their fleet others can’t match for now. They have a strong bond market to bankroll their initiatives. Also , by default, the US Militwry Industrial Complex syphons out allocated resources that could be diverted to universal health care , free education , rebuilding their infra structure , budget for a stronger HUD.
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  3. DurzoBlunts summed up right. Each crude is destined to its own refinery . Hence why the Koch Brothers were upset over the late Venezuelan loudmouth , Hugo Chávez . They built and operated the only refinery to process Venezuelan Crude. They are the main reason the US Governmrnt embargoed Venezuela.
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  4. Both companies are founded and run by Taiwanese. TSMC runs a foundry inTaiwan. Not sure about NVIDIA.
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  5. For your tone of voice and your type of narrative , you are talking way too fast. You barely come up for air. Slow down and pause. And get a frickin tripod , for heaven’s sakes. And groom yourself better. This was a bum rushed speech. Even the backdrop was horrible. Americans pulled out their Saudi base last year. As much you said this in broad strokes , you never specifically mentioned them pulling their Saudi base last year. Fact dropping enhances your narrative. Too sloppy.
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  6. Interesting. I always thought the Federal Reserve conditioned the trade of any local currency for dollars tied to the Buyer’s Central Bank purchasing US Debt. I know US Sovereign Debt purchases only accounted for a fraction of bond sales. The other came from US institutional buyers, US investors , and the Federal Reserve.
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  7. The Chinese are moving into Mexico too. They want in on dollars brought in by NAFTA. All that talk about BRICS currency is smoke and mirrors.
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