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Ron Paul: US Should Welcome Saudi “Shift”

Last week it was reported that Saudi Arabia decided to make a “major shift” away from its 80 years of close cooperation with the United States. The Saudi leadership is angry that the Obama administration did not attack Syria last month, and that it has not delivered heavy weapons to the Syrian rebels fighting to overthrow the Assad government. Saudi Arabia is heavily invested in the overthrow of the Assad government in Syria, sending money and weapons to the rebels.

However, it was the recent diplomatic opening between the United States and Iran that most infuriated the Saudis. Saudi Arabia is strongly opposed to the Iranian government and has vigorously lobbied the US Congress to maintain sanctions and other pressure on Iran. Like Israel, the Saudis are fearful of any U.S. diplomacy with Iran.

Read more at http://www.fitsnews.com/2013/10/27/ron-paul-us-should-welcom...




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Why does the house of Saud instist the US do it's fighting?

I'm gonna take a guess and say it's probably something about how IT WORKS EVERY TIME. Since most readers have been alive.

They have some pretty awesome weaponry and they have a pretty lot of it. They could destroy Assad.

The real pincher here, why the House Of Said was forced to embargo us in the Yomp Kippor war because to do otherwise would have invited their infuriated populations to storm their palaces, drag them into the streets and rip them limb from limb.

Their world has a way of repeating that little scenario and it's part of why being a despot over there entails some serious cruelty. And that's a potential fate to all of these rulers over there. Keep's 'em up at night.

Get us to do the fighting and they get to turn around to their populations and blame us as the bad guy. Which they do BECAUSE IT WORKS.

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That Embargo was really about bad paper more than anything...

That embargo wasn't really about the rate of exchange for oil and such is evident in that the exchange for oil from a historical perspective of a commodity index has since been for the most part both stable and cheap.

The real stink in 1973 was over the fact that the US dollar which had been representing yellow gold in exchange for black gold, was no longer representative of a commodity. The real stink was that it became very clear to the Arabs that there was no longer any natural reason for the market to still respect the US dollar as a reserve currency since it is there simply is little reason to respect a fiat currency in such a way. The dollar had stopped being unique to competing currencies from a market standpoint which had previously caused the market to naturally save dollars as a metric of commodity exchange which prior to 1971 no other currency could do.

Since leaving the gold standard and since the settlement of the 1973 embargo, the US dollar has been backed by the commodity of coercion. We outright bribe other countries to use it exclusively (Egypt etc.)so as to thus maintain its status. Countries which do not comply are sanctioned economically to the point of war(Iraq, Iran, Libya) while the Emirate nations get from us the guarantee of their generational sovereignty from both internal dissent and foreign aggression. 20 years after the dollar going fiat yet inexplicably remaining a currency of 'reserve value', we put on a show for the other monarchies in putting the Emir of Kuwait back on his throne despite the fact Kuwait's autocratic government is counter to everything the United States otherwise stands for.

This has been going on because Nixon and Kissinger 'made them an offer they couldn't refuse'.

Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has. - Margaret Mead

Only so many economies that can be destroyed...

First off, let's separate propaganda
from reality. Let us put aside everything we were told as
schoolchildren and still yet cling to in hoping to not face what we
would rather not be burdened to otherwise understand. Wars, even the
ones we have been led to feel good about, have never at any time nor
most likely will they ever be, actually fought over their 'stated'
purpose. No, it is wars are fought for only one reason and that is
over the power to manipulate wealth. Despite explanations given to
motivate the hapless to participate in war, it never has been that
ideology or religion or the well being of a citizenry is what really
causes for war. War is always about keeping the powerful in power or
to make the powerful more so powerful so they might further
manipulate more wealth. Any other righteous explanation is simply
stuff and nonsense.

Those with a vested financial position in the US dollar's status as World's Reserve Currency and whom because of that powerful position, are able to wield great special interest influence on our government,use our government to protect the status of the franchise's influence. The relationship is symbiotic.

Also symbiotic is the relationship between those same interests with franchise to manipulate the World's Reserve Currency and prick, non-democratic human rights-violating monarchies whom in exchange for absolute protection of their generational sovereignty against both foreign aggression as well as internal dissent, agree to only introduce new capitol to the world market in such a way so as to preserve the dollar's ability to maintain its monopoly on energy exchanges and thus that of newly introduced capitol.

In the 21st century colonial dynamic, more wealth can be extracted from currency itself than that which comes from plundered capital resources themselves. No 'Rainbow-Unicorn' explanations of world peace or an intolerance to genocidal chemical gassing or babies being thrown from incubators or denominational differences of religion caused for the Emir of Kuwait to be shown to the rest of the Arab Monarchies as being returned to his throne; the Emir of Kuwait was returned to his throne because he had already agreed to sell oil for nothing other than fiat dollars just like the rest of the monarchies who are protected for the very same reason by the neo-colonial empire of the west. THAT is the true balance of power in the Middle East.

Conversely, countries such as Iraq, Iran, Syria, or Libya which choose to bring new capital to market by different means, thus challenging the currency monopoly, see their economies utterly destroyed so as to prevent any such distribution of new capitol by any means alternate to that which is produced by those with the franchise to control the fiat dollar.

The House of Saud wants the economies of Syria and Iran to only release new capital to market for dollars or else see those economies otherwise utterly decimated because should it be the US dollar loses its position as World's Reserve Currency which allows for exponential fractional lending, there no longer will be any motivation for the western neo-colonial empire to protect the sovereignty of the House of Saud.

Never doubt that a small group of thoughtful, committed citizens can change the world. Indeed, it is the only thing that ever has. - Margaret Mead

of course

What does Saudi Arabia have in common with individual liberty?

They are much better suited to be in cahoots with China.

Do not let the door hit your tail on the way out Saudi Arabia.

Bye, Bye

donvino

well, . . .

well.

it's hard to be awake; it's easier to dream--

Slaughts31's picture

I find this interesting due to China & the Petrodollar

It leaves a few things unanswered in my mind.

Who are the Saudi's "shifting" towards? China? Not really sure because I believe China/Russia support Assad. The Saudi's hold a chunk of our debt but not the biggest http://en.wikipedia.org/wiki/List_of_countries_by_foreign-ex...

They hold about $492 billion of their $690 billion of foreign currency reserves in U.S. debt.
Dec 2012; http://www.thegatewaypundit.com/2012/12/saudi-arabia-issues-...

"In theory, Saudi Arabia can crash the US bond market through a “fire sale” of its bond portfolio. The impact on the US economy will be devastating, but House of Saud will have to pay a steep price for the crash. The value of its currency reserves will be wiped out and its main military ally will turn hostile. It is unlikely that the Saudis will take such risks. A more likely scenario is that the Saudis will start a slow diversification of their currency reserves and will invest more in Chinese and European assets. Such a move will not produce an instant crash but will surely damage the dollar over the long term. If the “petrodollars” disappear from the world oil trade, the dollar is likely to lose its status of the world’s main currency".
Today; http://www.eurasiareview.com/28102013-beginning-end-petrodol...