Earlier quoted context omitted.
> Nothing in major US cloud providers can reasonably be expected to remain private I'd expand that to "Nothing in third-party cloud providers can reasonably be expected to remain private". If you don't have ultimate oversight of how the host of your data is managed, anything could be going on there, regardless what nationality of company is managing it or what promises their salespeople make.
Further amended: nothing connected to the internet can reasonably be expected to remain private. Unless you have some secret kung-fu that makes your on-prem infrastructure hack-proof. The issue with the cloud is scale.
I’d argue the issue with cloud is less about scale, more about how easy it is to get started. My mother could quite easily click through the account creation on a cloud provider and setup something insecure, but not a chance is she going to get a DC built with equipment racked or even a basic setup at a colo facility.