One proposed sale of crown jewels is interesting. Two is highly unusual. Three is definitely a trend and a pointer to the problems which are crushing the economies of countries which have become too dependent on commodities.
At times of high prices the problem of dependency is not obvious though in all three cases there were warning bells ringing a decade ago. [...]
But, one thing is certain, after years of mismanagement and the use of profits from commodity sales to prop up incompetent government and maintain social welfare spending to suppress unrest, the sales plans prove that the pips are really squeaking in Russia, Brazil and Saudi Arabia.
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