On the subject of SWIFT, I would argue that it is a tool to enforce policies of the US (even tho nominally SWIFT is an alliance of western nations), since all payments between countries are made in USD using the SWIFT system. This has been used to enforce sanctions against Iran, Cuba, China's Huawei etc. and any threat to its dominance (Libya wanting to start a gold backed African currency, Iraq starting to accept Euros rather than USD for oil) was promptly quashed. I don't want to elaborate on this here, will follow up in this
Off Topics Galore thread for those interested.
BUT, if this is true (as well as the emerging Chinese alternative to the USD, which the US will not be able to quash like Libya's Quaddafi and, OK I could be wrong), what does this mean for Tesla investors?
Oddly enough in my opinion it is a positive for Tesla.
Considering Xi's recent reforms banning get rich quick schemes for those with means via IPO and other typical Wall Street maneuvers which are nowadays more paper reshuffling at the expense of the taxpayer than truly useful capital reallocation. Considering also that he favors production of actual goods, and nixes fad celebrity entertainment. And considering that the US leadership (which controls both parties) is not pro Tesla for some weird reason. This all points to China favoring /helping companies like Tesla for sure. So a positive for Tesla investors.
For
long term Tesla investors, international politics are relevant; actually everything is important nowadays short term AND long term ; )
What keeps me optimistic is that Elon has gotten on board some of the smartest financial types in the world (including Hiromichi Mizuno, Tesla Board director was very cognizant of shorts and probably was key figure in
fleecing helping shorts get out of trouble at 5$B
penalty cost in last year's August 31 5:1
coup split ). And he's surely aware of all that is going on internationally. Like most of us (I hope) he's not at all captive to the narrative the mainstream US press paints for us. I still remember how Tesla starting Giga Shanghai was met with some incredulity at the time. Why did he start there and not in Germany, Texas or ...? Was it as risky as people thought at the time?
The bonus for me is having fun watching this all unfold. Wish I had more time and resources to try and figure out what is going on, is it even useful?
In any case, hard to beat for real time entertainment. Considering where we were 5 years ago, I'm actually ecstatic.
PS. re " ..
SWIFT had Scandinavian roots and has always had a strong European structure. It si worldwide and includes all tradable currencies. "
It includes all tradable currencies, yes, precisely because all these currencies have to be converted to USD in order to be transferred across countries
and re: " .
.the SWIFT system had nothing to do with the US$ nor the US at all" see this
post in the Other Topics Galore for why this is exactly the opposite