Musk's Superior Diplomacy Welcomed By China As Blinken Shunned

Mike Leslie
April 30, 2024

Robert Kiyosaki, author of Rich Dad Poor Dad, states the U.S. dollar is in depression due to global de-dollarization.

Inputs that matter: Throughout the last year, the BRICS alliance has sought to increase its relevance on a global scale.

  • Meanwhile, the U.S. has struggled with its increasing debt crisis and skyrocketing inflation.
  • Kiyosaki notes that in the Q4 of 2023, the economy grew by 3.4%.
  • However, in Q1 of 2024, the economy grew by 1.6%.
  • BRICS nations like Russia and China have become almost entirely dollarless.

The opportunity: Chinese President Xi Jinping told U.S. Secretary of State Antony Blinken during his visit that Washington needs to see China's development as more favorable for bilateral relations to improve.

  • Xi's comments come as the U.S. has imposed restrictions on Beijing's ability to access high-end tech and is moving close to banning the TikTok social media app unless its Chinese parent, ByteDance, sells it.

Zoom in: The U.S. recently purchased 81 obsolete Soviet-era combat aircraft from Kazakhstan, a former Soviet republic, with intentions to supply them to Ukraine.

  • The aircraft of the 1970s and 1980s were deemed unusable, economically impractical for modernization, and limitedly useful as a source of spare parts.
  • This development occurs amid Kazakhstan's increasing alignment with the West in Central Asia, which could strain its historical ties with Russia.
  • During his visit to Kazakhstan in March 2023, U.S. Secretary of State Antony Blinken strongly supported the country's "independence, sovereignty, and territorial integrity."

Between the lines: This week, the U.K. Foreign Minister, David Cameron, visited Kazakhstan, a country bordered by Russia, China, Afghanistan, and Iran, to offer London's support with issues that arise in this region.

  • Senate Minority Leader Mitch McConnell explains, "We need to get serious about what we're up against: China, Russia, Iran, and terrorism, a more formidable combination of problems than we had even going into World War II."
  • French Foreign Minister Stéphane Séjourné will arrive in Lebanon to discuss proposals to prevent further escalation between Hezbollah and Israel.
  • A State Department official said that in Saudi Arabia, Blinken is expected to hold new talks with the Saudi leadership on a potential normalization of relations with Israel.

Follow the money: Tesla's share price spiked more than 12% as investors reacted to news surrounding CEO Elon Musk's visit to China.

  • The move raised expectations that Tesla's driver-assistance software Full Self-Driving, or FSD, would soon be available in the country, which is the largest market for electric vehicles.

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