Free - Beyond Collapse

Thursday, September 27, 2012

The Overthrow of the House of Saud and the Fate of the US Dollar

Guest Post by Anonymous

The 'black swan', according to Dr Jim Willie, may be the overthrow of the Saudi Arabian oil monarchy, which he thinks may happen within 'months'.

Saudi revolution could mean the end of the petro-dollar, the end of global oil pricing in dollars - and the collapse of the US dollar and the US treasury market, according to Willie.

Willie points out how the Chinese and Russians and BRIC and other emerging nations, have already set up a global alternative to the dollar and Western payment system, after the US so stupidly kicked Iran out of the SWIFT bank transfer scheme. The whole non-Western world saw the danger to themselves - Jim Sinclair has made this point as well - and immediately set up a by-pass to the dollar.

In Saudi Arabia, with 20 million native people (and 5 million foreigners), many of those people are poor, there is an oppressed Shia minority, and a more populist, less sectarian and less oppressive Muslim Brotherhood could replace the perhaps teetering Saudi monarchy, which is recently seeming to hide the possible murder of US-tied leading Saudi Prince 'Bandar Bush'.

President George W. Bush meets with Prince Bandar bin Sultan at his ranch in Crawford, Texas, August 27, 2002 (White House)

The Saudis have been the major Muslim party fuelling 'war on Iran' hysteria along with the US and Israel, the Saudis fuelling Sunni-Shia hostility out of viewing Iran as their great rival in the Middle East.
Jim Willie writes:

« ... Easter Sunday weekend of April 2010, a secret gathering of over 200 Arab billionaires convened in Abu Dhabi. They arrived in unmarked jets. My source was one of only two or three white faces in the crowd, invited by his clients. One result of the meeting was an accord struck between the Persian Gulf oil producers, led by the Saudis, to work toward a pact with Russia and China as protector of the gulf in return for financial cooperation, economic construction, and forward progress. The implicit message was that the Untied States would be phased out in the protectorate. In the balance would lie the Petro-Dollar defacto standard as victim. Events continue to this day in movement toward that end.

However, since the Syrian uprising, a new lethal element has entered the mix. Account will be kept brief, since it is so volatile and controversial. Just some bare notes.

The Assad family in Syria has suffered some assassinations. Apparently, the Saudis had a hand in the killings. HezBollah has vowed retaliation. Their ties to Iran might be longstanding, but perhaps are exaggerated. My view is their home is in Lebanon. In August, Prince Bandar was assassinated. He was the Saudi head of security, and long-time ally to the USGovt. The Saudi regime is concealing his death, with outdated photos and false statements. They are working toward a transition. The House of Saud has been unstable from threats to the south in Yemen. It is unstable from internal threats tied to the fundamentalists. Although cooperation and respect has been shown between Riyadh and Tehran, the Bandar hit has created an entirely new environment. The Saudi regime with high likelihood is in its final months.

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