Jim Willie: Chinese Invade Oil Realm — PetroDollar Kill

• Jim Willie: Chinese Invade Oil Realm — PetroDollar Kill
  by Jim Willie, http://www.goldenjackass.com/, via http://www.goldseek.com/
  China is working a strategy with the Saudis. Since the last months of 2017, the Jackass has been firm that the ARAMCO deal for IPO stock introduction might never occur. And if it did, then Hong Kong might be the only location for the IPO launch. It seems that disclosure and transparency is non-existent to this Arab kingdom. Now the stock listing might be in Riyadh and nowhere else. Imagine the risk to brokerage houses if the truth comes out, that the Saudi oil reserves are only 20% to 40% of the disclosed amount, a grand lie and deep fraud. Such will not stop China from investing privately in ARAMCO, since it would serve two purposes. It would enable huge diverse participation in the Saudi Economy, which contains a second treasure trove of minerals. It would enable the Chinese to purchase Saudi oil in RMB terms for payment. In the last month, the Russians confirmed an equally sized investment stake in ARAMCO. If the Chinese sit on the ARAMCO board of directors, they will surely convince the Saudis to alter the payment method in approval. It could be a primary part of the deal.
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  RUSSIA & CHINA IN CONTROL
  The view that makes sense is that Russia will set oil output policy and China will set oil payment policy, as the Saudis have found a new sponsor and protector. The Saudi Royals have ceded control for their remaining oil reserves and production policy. The pudding proof will be military missile deals, since the Saudi Royals want the best. The entire team at the table will continue the lie on the ARAMCO valuation, but keep honest the USDollar amount on their investment. They will cite 10% investment stakes, but while smiling like Cheshire cats. The resulting percentages will be much higher than disclosed, like over 50% for R&C combined, thus control!
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