Angelo Giuliano 🇮🇹🇨🇭
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Following the seismic news about Saudi Arabia's decision not to renew its 50-year Petro-Dollar deal with the US, 20 more countries are set to permanently ditch the US dollars this year. What is the economic rationale behind De-Dollarization? What will the US do? Join me live 6/17/24 @ 0800AM (CST) for this fascinating conversation w/Angelo Giuliano as he answers these questions and more… Thanks for watching the video, and don't forget to subscribe to my channel for more updates on this developing situation. Support the Channel:
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https://www.buymeacoffee.com/truthmattersAngelo's Bio/Links: Entrepreneur, Geopolitical and financial analyst Angelo Giuliano 🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻🔻 安德龙 X: @angeloinchina
“So China could compensate for whatever Russia is missing in its economy. On the other side, Russia is providing energy resources like gas, oil and raw materials and agricultural to China, so in exchange China is providing access to high tech consumer products,” Giuliano explained.The US, on the other hand, “is very scared” of the China’s potential “because in reality Chinese development, especially in high tech - is exponential. The reason is very simple. It is because China has five to six times more science, technology, math-engineering graduates that come out of universities every year, and they are actually investing a lot of money into R&D, which the US is not,” the observer said.
“So in reality, [the problem] is the structure of the Western economy, which is completely deindustrialized and completely inflated by a financialized economy,” Giuliano concluded.👍 Boost us! | Subscribe to @geopolitics_live
"Sanctions against Russia actually backfired on Europe really badly," the financial analyst said. "When it comes to China, the impact would be probably ten-fold. If there is any strained relationship between the two, it will much more damage the EU than China. China very early on has been actually diversifying its partnerships. So the EU is no more the prime partnership for China."He believes that the US is behind the looming trade war between China and the EU. The European bloc will eagerly shoot itself in the foot because EU members are "ultimately US vassal states," according to the analyst. Giuliano highlighted that the Global South and BRICS serve as viable alternatives for China. Boost us! | Subscribe to @geopolitics_live
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