In a world where one country has traditionally stepped up when fiduciary idiots are desperately needed, it is not really a shock that Chinese state-owned entities are in talks about investing a combined $5 billion to $10 billion in Aramco’s IPO.
Poster Comment:
WALL STREET INSIDERS MISSED THIS ONE BY A MILE: Aramco is way over valued. This is known to everyone. Saudis are severely strapped for cash. Jim Willie was saying 18 months ago that China would be willing to dump I Owe You Nothing US Treasury Bonds in order to buy Aramco shares to get influence. They are preparing to take down the US Dollar. But first they will need OPEC. They already have Russia, Iran, Venezuela and probably some African nations who are heavily in debt to China. The goal is to take down the dollar in international trade. That starts with oil.