Thank you for the comment. It took me a minute to figure out what I had said. You are correct, China does own a chunk of us with Russia now having made a downpayment on the rest. My reference was to tangible assets versus political control. I’m afraid with Russia that is now turned around. And we will probably not know what has been sold as the Trump coup must now be ignored and the question of such things as the sudden sale on December 6 of 19.5% of Rosneft (Russian oil) to unknown foreign buyers will fade away.

The bigger picture is easier to see. The capitalist economic system is crumbling quickly because it has been kept afloat on massive energy financing but that is now so shaky that widespread panic is pending (and I’m not talking about the band). As usual the Russians are farthest extended hence the need to dump a big chunk of Rosneft. Funny how one can imagine a scenario of investing the Rosneft asset in buying an annuity on the US courtesy of a useful fool in the White House rather than just dumping it on the market for cash. In anycase one estimate is that the financial structure will be unsustainable sometime in 2018 but, who knows, and shit can happen that triggers things or a sudden fit of sanity may happen. Sanity happening would be such as shock that it might blow everything to hell anyway. At this point I can’t even think what sanity would look like.

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Educator, CIO, retired entrepreneur, grandfather with occasional fits of humor in the midst of disaster. . .

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