Even bigger picture scenario
The actions of donks on OT are so unbelivable ,so primitive that the first conclusions are
-- either they are hardline ,short sighted commies
- or stupid donks who care only about populus votes keeping them in power
--or gilded age , unscrupulous New Rich oligarchs ( or wannabe oligarchs )
who don't care about people or country
Just their own pockets and power
There is little difference between group of M politicians and the group of M oligarchs
They are almost the same grup.
Those few oligarchs who are not politicians have the latest in their pockets.
See the video of some donk who owns a TV/ radio station
beating up his presenters
who dared to air negative comments about HIS pocketed MP during elections
and that MP lost
THE RATIO OF BILLIONAIRE OLIGARCHS IN M PER CAPITA LOOKS LIKE HIGHEST IN THE WORLD ( OR TOP 5) - A MEASURE WHO HAS STOLEN IN JUST LIKE 20 Y THE COUNTRY FROM IT'S PEOPLE .. NOT THE FDI..
but they need a scapegoat to sideline the felings of injustice they did to M people.
BUT WHAT IF DONKS ARE NOT THAT STUPID OR SUICIDAL MANIACKS ?
THE MAIN GOAL IS TO CREATE CRONY / STATE CAPITALISM
WHERE IDEA OF BANKRUPT COMMUNISM IS JUST ADJUSTED BY ALLOWING CAPITAL TO KEEP ALIVE / PAY FOR CONTINUATION OF SAME BANKRUPT SYSTEM.
This is acheived by allowing private capital or foreign investors in, but without
controlling stakes in state owned companies
FLOAT THE STATE COS ON STOCK MARKET AND COLLECT FREE MONEY FOR FUNNY PAPER
China in most part did that.
China was rich and strong enough to pull out that stunt.
But of course those state controlled cos on Shanghai Exch hardly do any profits - as ALWAYS before
Chart of Shanghai index reflect that
M wants to reverse the clock and keep 51% control of every co worth more than $ 75 m
This way GOM can ride the coffers of every co like they ALWAYS did
( see the latest case of Erdene TT robbed of neccessary opex /capex by GOM and closing the operations)
Politically appointed CRONIES / managers can steal and devaur the cos as a side-track of GOM doing same
PROFITABILITY , EFFICIENCY ,, TRANSPARENCY , COSTS , ACCOUNTABILITY
( not only to shareholders) are far second considerations.
Perfect system to create class of oligarchs on the back of FDI and workers.
RIO will never agree to such highway robbery scheme with OT
In 3 previous posts I looked at the question if RIO can afford to put OT on ice and leave M.
CAN M AFFORD TO EXPROPIRATE "LEGALLY" = WITH PROPER COMPENSATION
not like they trying now = just steal and just take whatever they like for free.
YES, they in near future will be able to do that financially.
ENTER THE POTENTIALLY BIGGER ENEMY OF RIO
AND ALL FOREIGN COS IN M
THAN M DONKS
THE WAMPIRE SQUIDS - GS , JPM , DB OF THE WORLD .
Soros , who with MS popped the Asian Tigers Bubble in 1997= destroyed the phony economies of 5 countries at once and earned death penalty judgment ab - absentia by Malasia high court
was summoed by US Congress to explain what is going on.
The global financial economy is centered in US , which acts as giant vacum/ centrifuge.
Sucks -in $$ trillions from investors to Wall Street, which then
spreads the money across globe , chasing the opps / returns .
When centrifuge reverses = turns into vacum -sucking the money back
- crashes happen.
Now the avaliability of cheap and easy money / credit is highest in history
Thanks to 2 centrifuges attached to printing presses - US and EU., working on high speed 24 /7 /365.
The wampire squids = WS have huge problem with employing this oversupply of money
Where / how to indebt somebody more , who will be able to service the debt
for at least couple of years before defaulting
This financial economy is hitting GLOBAL limits
- world GDP $ 65 T world debt $65T
But those numbers are averages , there is still few emerging / frontier countries not indebted to / above ability to service the debt.
They may be last crumbs on the global table ,
not worth much in big picture
But still, there may be 5% more debt globally ( like $ 3 T )
to shovel relatively safely into somebody`s throat.
BACK TO M DONKS
`One such country which can take few pennies more of debt
( in comparison to global scale of problem ) is M.
The donks got STUNNED when $1.5 b GOM bond offering was oversubscribed by like 10 times .
They discovered there is $ 15 B ...maybe much more - of potential bond bagholders
readily avaliable .
That made the BOLD-BATS . welll ... BOLDER.
If cos. like RIO with A rating are reluctand to take more debt ,
than M with rating couple of notches above C = default is next choice .
Higher interest rate is also nice bait.
So, they can borrow more , ( there is few $$ billion left before debt hitting over 100% GDP)
pây TRQ $ 3-4 B cost , take over whole OT.
and few big projects owned by foreigners.
Or could afford to cover their 50% stake robbed for free off RIO.
OF COURSE THEY WANT THEIR CAKE AND EAT IT TOO-
JUST ROBB THE FDI WITH NO COMPENSATION
BETTER YET, TURN THEM INTO SUBCONTRACTORS WORKING FOR 5% FEE.
They just tried that with BTU - see their letter to BTU-
work for us , use your own equipment -and our inexperienced people ,
pay US wages ,
and maybe latter , you BTU, will have priviledged shot at getting some small stake in TT.
I suspect , BTU ignored that joke
The street- smart donk trying this was fired later too.
in other news , they could not afford to pay the Australian mining contractor from Erdene TT
Odds are high they will go that way - IF THEY ECCOUNTER DIFFICULTIES with stright robbery
The wampire squids are likely luring them with Sirene`s songs ( likely backed up by heavy kickbacks )
The commisions and `consultation fees` attached to moving $$ billions debt on the shoulders of M people must be unressistible to a donks enabling it.
The only thing they will discower later is :
- the hated now FDI are angels in comparison to `portfolio bond investors
The latest can destroy a country with GDP of a medium US town
on a click of mouse -.
The reversal of centrifuge ALWAYS HAPPENS ,
especially after period of easy money , financing easy
,unproductive life of assets speculation, handouts and unsustainable entitlements
Ask Brasil , Russia , Argentina, Greece , Spain ,Ireland ect ect
Looking forward to that
Socialism is wonderfull idea ... till you run out of other people`s money
( everything OT is ) ``Subject to the resolution of these ( DONK ) issues,`
.STILL, M DONKS NEED RIO MORE THAN RIO NEEDS THEM
RIO is investing EVERY YEAR $ 13 B worldwide
vs. RIO 33% stake in OT invested over unbelivable long time
of 15 years of DONK SAGA - $ 3 b