Russia and China (and India, for that matter) already trade among themselves using their own national currencies and SWIFT-equivalent banking systems. Moreover, the western companies that dramatically clutched their pearls and proclaimed how they were leaving the Russian market, all have affiliates and production facilities in China, which are continuing shipments to Russia as usual. And on the flipside, China's gas demand keeps rising. The math is rather elegant - the Russians get all the manufactured goods they need, and the Chinese get all the energy and natural resources they need. And the west gets to watch.
Toss in India, Indonesia and Vietnam (which also either support Russia or maintain neutrality), and you get an economy comprising just about half of the world's population, in for the mother of all bull markets concerning everything from real estate to household electronics, and all without depending on the dollar as an exchange currency.
As for the ruble, the current freefall means the Russian government can buy up all the excess virtually for free, and since the EU shot itself in the foot with the sanctions, if it wants to continue buying Russian gas, it'll have to buy rubles first, with which to purchase it. For which it will use its precious metal reserves - another bull market opening right now.
All in all, I'm not sure if it'll be a Chinese century, but by the looks of it, it's definitely not gonna be western in any form or capacity.
Nearly everything America sells abroad is IP.
IP is vapor.
Piracy will destroy America.
even SaaS can be rekeyed and tweaked.
Mcdonald’s and KFC’s can just be reabsorbed and tweaked, the business model will be the same... like “mcdowell’s” in coming to america.
Quite. Most people really can't imagine the power a national government has over corporate influence when it comes to copyright and patent laws. "Microsoft"? No, comrade, it's "Our-crosoft" now. Same goes for the chemical formulas and production methods for anything from Coca-Cola to Xanax, the fabrics for Adidas, the engine mechanics for luxury cars... It's practically open season on foreign IP right now.
Russia and China (and India, for that matter) already trade among themselves using their own national currencies and SWIFT-equivalent banking systems. Moreover, the western companies that dramatically clutched their pearls and proclaimed how they were leaving the Russian market, all have affiliates and production facilities in China, which are continuing shipments to Russia as usual. And on the flipside, China's gas demand keeps rising. The math is rather elegant - the Russians get all the manufactured goods they need, and the Chinese get all the energy and natural resources they need. And the west gets to watch.
Toss in India, Indonesia and Vietnam (which also either support Russia or maintain neutrality), and you get an economy comprising just about half of the world's population, in for the mother of all bull markets concerning everything from real estate to household electronics, and all without depending on the dollar as an exchange currency.
As for the ruble, the current freefall means the Russian government can buy up all the excess virtually for free, and since the EU shot itself in the foot with the sanctions, if it wants to continue buying Russian gas, it'll have to buy rubles first, with which to purchase it. For which it will use its precious metal reserves - another bull market opening right now.
All in all, I'm not sure if it'll be a Chinese century, but by the looks of it, it's definitely not gonna be western in any form or capacity.
Nearly everything America sells abroad is IP. IP is vapor.
Piracy will destroy America. even SaaS can be rekeyed and tweaked. Mcdonald’s and KFC’s can just be reabsorbed and tweaked, the business model will be the same... like “mcdowell’s” in coming to america.
Quite. Most people really can't imagine the power a national government has over corporate influence when it comes to copyright and patent laws. "Microsoft"? No, comrade, it's "Our-crosoft" now. Same goes for the chemical formulas and production methods for anything from Coca-Cola to Xanax, the fabrics for Adidas, the engine mechanics for luxury cars... It's practically open season on foreign IP right now.