Showing posts with label Saudis. Show all posts
Showing posts with label Saudis. Show all posts

Thursday, March 26, 2015

Another Middle East War Breaks Out: Saudis Begin Bombing Yemen, US Military Taking Action

The mainstream press may call it a black swan, but some of us predicted the House of Saud succumbing to a difficult transition with the passing of the King.  If Saudi Arabia collapses, goodbye cheap oil, accompanied by many geopolitical fissures in the middle east.

In any case, paper assets are collapsing while hard assets are climbing as this goes to print in overnight trading.  Time for the Fed and Plunge Protection Team to shift into overdrive.

The problem, of course, is market manipulation (or "interventionism") works--until it stops working.  Rigged markets never end well.

http://www.zerohedge.com/news/2015-03-25/another-middle-east-war-breaks-out-saudi-arabia-begins-bombing-yemen

Update:  Sure enough, the PPT steps in this morning to save the day.  With the help of the ECB.

Friday, August 1, 2014

Saudis lament, 'we have been stabbed in the back by Obama'

http://www.foxnews.com/opinion/2013/12/27/saudis-lament-have-been-stabbed-in-back-by-obama/
“The bond of trust between America and Saudi Arabia has been broken in the Obama years," al-Ibrahim said. "We feel we have been stabbed in the back by Obama."

"Every time that Obama had to choose between his enemies and his friends, he always chose his enemies," he said. "We don't know what he's putting in his tea."

Thursday, July 18, 2013

Saudis’ Unprecedented Break with Washington over Egypt

I have certainly blogged about the break up between Saudi Arabia and the US.  With the House of Saud's royal family about to splinter, any pacts and allegiances to provide the US with cheap oil will be null and void.  The threat of lack of security provided by the US isn't as big of a threat to the Saudis these days.

While Israel, Iran, Syria, Egypt et al provide enough geopolitical theater, the fraying relationship between the US and Saudi Arabia may have the biggest impact in the region.  Oil prices, sovereign states, military allegiances, and economic trade will be affected by this all-important alliance.

http://www.globalresearch.ca/saudis-unprecedented-break-with-washington-over-egypt/5343092