While western media has focused on thw Western seizure/freezing of Russian assets abroad, there is the reverse: where Russia is seizing/nationalising Western owned assets in Russia particuluarly in the oil, gas, mining and banking.
This two way "nationalising' of assets will, no doubt sent a clear signal to China who is a least 10 times (IMO) more exposed to the seizure of Chinese assets abroad & the seizure of foreign assets in China by the Chinese Government.
Again IMO, the Russian scenario will greaty influence Chinese long term investments abroad as it will, no doubt, motivate Western Corporations to rethink their investments in China.
We are witnessing the warm-up of the de-globalisation of investments and trade where the world will be divided into 3......the US camp, the China/Russian camp & the rest.
IMO the US is trying to accelerate this process while it still has military superiority to enforce trade sanctions. By 2030 it will be too late by the rate of China's GDP growth and the corresponding growth of its armed capabilities .
ONLY JOKING: If Aus wants to Nationalise its Mines, LNG, and Banking in a hurry, then perhaps we should adopt the Russian model: -Invade NZ , motivate the USA/West to impose economic sanctions on Aus, then do a Russia and nationalise all Mines, LNG, Banking etc and in a few years time say oops, sorry and then resume global trade as usual . Lets face it , our two big customers going forward are China & India and at present neither are observing the Wests economic sanctions on Russia.
Well, you might say that if we did such that the West would not invest in Aus in the future... Ans: We wouldn't need future external investment (and the foreign ownership that that implies) because like Saudi Arabia, we'd be rolling in cash and looking for foreign investment targets.
At present 90% of our mining , LNG, and up to 70% of profits of our big businesses is going overseas leaving Aus perpetually strapped for cash!
PS: Iceland burned foreign investors in 2008-09 and now its back in the international markets with amazing GDP/Capita stats.
Please note: I'm joking about Aus invading NZ/Nationalising Aus Foreign Owned assets just in case some halfwits on these threads accuse MM of being a Socialist.................. but come to think of it, Putin is far from being a Socialist....eh?
NB: RIO stands to loose Billions if Russia Nationalises RIO's Russian Aluminium assets !
