In Escalating War Of Words, Saudi Crown Prince Calls Iran’s Ayatollah “New Hitler Of The Middle East”

Godwin’s law states that “as an online discussion grows longer, the probability of a comparison involving Hitler approaches 1.” Saudi Arabia’s powerful, and controversial, 32-year-old Crown Prince Mohammed bin Salman – who in just a few months has made more local (and foreign) enemies than most of his predecessors accumulated over a lifetime, decided he does not need to wait that long, and in a glowing interview with the New York Times‘ Thomas Friedman, which touched on everything from the accommodations of the Riyadh Ritz-Carlton, to the recent power grab anti-corruption campaign, to Donald Trump, to the Saudi social and religious revolution, called the Supreme Leader of Iran ‘the new Hitler of the Middle East’, escalating the war of words between the arch-rivals. For his part, Khamenei has referred to the House of Saud as an ‘accursed tree’, and Iranian officials have accused the kingdom of spreading terrorism.
MbS, as he is also known, and who after the recent purge is also Saudi defense minister, also slapped down the ISIS card and suggested the Islamic Republic’s alleged expansion under Ayatollah Ali Khamenei needed to be confronted.
‘But we learned from Europe that appeasement doesn’t work. We don’t want the new Hitler in Iran to repeat what happened in Europe in the Middle East,’ the paper quoted him as saying.

This post was published at Zero Hedge on Nov 24, 2017.

Fall of the House of Saud, Finally

*** COLLAPSE OF THE KINGDOM ***
The Saudi Kingdom will fall, a longstanding Jackass forecast, an inevitable event
The Saudi Kingdom will fall alongside the ruined collapsing Petro-Dollar
The Saudi foundation has been the primary element to entire Petro-Dollar system
This Saudi situation is loaded with intrigue, corruption, cunning, collusion, criminality
The Saudi region will erupt in chaos ruin decay and gross destabilization
The entire Saudi situation is a grand mixture of deep corruption and wreckage
The Saudi Royals will scatter and escape with stolen wealth, an absolute guarantee
*** BLATANT TREACHERY ***
The old guard like Prince al-Waleed are Citigroup investors and Wall Street friends
US will knock off princes to continue the USD, and to prevent deviation toward the East
Iran will knock off princes to stop the Yemen War, and to halt ISIS
Iran has a new vested interest, to avoid the spread of war to Lebanon
The US will deploy its usual terrorism, via Langley and ISIS tool
Iran will use the Yemeni violent anger for a rapacious invasion by the Saudi thugs

This post was published at GoldSeek on 12 November 2017.

Pepe Escobar: The Inside Story Of The Saudi Night Of The Long Knives

Princes, ministers and a billionaire are ‘imprisoned‘ in the Riyadh Ritz-Carlton while the Saudi Arabian Army is said to be in an uproar…
The House of Saud’s King Salman devises a high-powered ‘anti-corruption’ commission and appoints his son, Crown Prince Mohammad Bin Salman, a.k.a. MBS, as chairman.
Right on cue, the commission detains 11 House of Saud princes, four current ministers and dozens of former princes/cabinet secretaries – all charged with corruption. Hefty bank accounts are frozen, private jets are grounded. The high-profile accused lot is ‘jailed’ at the Riyadh Ritz-Carlton.
War breaks out within the House of Saud, as Asia Times had anticipated back in July. Rumors have been swirling for months about a coup against MBS in the making. Instead, what just happened is yet another MBS pre-emptive coup.
A top Middle East business/investment source who has been doing deals for decades with the opaque House of Saud offers much-needed perspective:

This post was published at Zero Hedge on Nov 7, 2017.

Saudi Arabia’s Oil-Bust Cash-Flow Debacle Begins to Bite

Hangover of oil dependence has only just begun.
By Don Quijones, Spain & Mexico, editor at WOLF STREET.
It was supposed to be the biggest, most ambitious, most lucrative infrastructure project Spain’s construction industry had ever undertaken on the Arabian Peninsula. Launched three years ago, the high-speed rail link project between Medina and Mecca was a dream come true worth some 6.7 billion, the perfect payoff of decades of patient lobbying of the House of Saud by Spain’s former King Juan Carlos I. But now it’s a rotting financial albatross around the necks of 12 large Spanish companies.
Even from the beginning, things were not easy. Within a year and a half, the project was suffering significant delays. And two months ago, the consortium asked the Saudi government for more funds – ‘an absolute minimum of 1.4 billion’ – to cover the Saudi Railways Organization’s ‘unforeseeable demands,’ such as, amazingly, keeping desert sand off the tracks.

This post was published at Wolf Street by Don Quijones ‘ May 7, 2016.

Saudi Arabia Turns to Nightmare for Spanish Consortium

When, in October 2011, the Saudi Railways Organization (SRO) announced its decision to award the bid to build a high-speed rail line between Medina and Mecca to a Saudi-Spanish consortium, it was like a dream come true for the Spanish infrastructure and rail companies involved. Decades of patient lobbying of the House of Saud by Spain’s former King Juan Carlos I had finally paid off.
Never before had Spanish companies won a tender for a project so big, so prestigious and so lucrative on the Arabian peninsula. The project’s total contract value is worth 6.74 billion. But the dream is already souring. What was originally meant to be a pioneering feat of engineering and the perfect global showcase for Spain’s mastery of high-speed rail infrastructure is now plagued by political intrigue, delays, and technical problems.
The biggest problem is something that can be found just about everywhere in Saudi Arabia: sand. Turns out, fast trains don’t work well when the rails are covered in sand, especially when large sections of track are built with ballasted track, the conventional (and cheapest) method for building rail lines, but which happens to be particularly susceptible to wear and tear and even track failure in desert areas.
Despite the construction of a 1.5 meter containment wall to keep the sand out, sand is still getting in, thanks mainly to the desert wind. In fact, in some places there’s so much sand that it’s almost impossible to see the tracks.
Naturally, none of the consortium partners wants to take responsibility for cleaning it up. After all, it would amount to a permanent and expensive undertaking that has not been budgeted for, in a project that expressly forbids cost overruns. According to the consortium member OHL – a Spanish construction company that is drowning in debt and has just been downgraded by Moody’s while it’s mired in a massive scandal in Mexico – its contractual obligations do not include keeping sand off the tracks.

This post was published at Wolf Street on March 12, 2016.

Enough Already! It’s Time To Send The Despicable House Of Saud To The Dustbin Of History

The attached column by Pat Buchanan could not be more spot on. It slices through the misbegotten assumption that Saudi Arabia is our ally and that the safety and security of the citizens of Lincoln NE, Spokane WA and Springfield MA have anything to do with the religious and political machinations of Riyadh and its conflicts with Iran and the rest of the Shiite world.
Nor is this only a recent development. In fact, for more than four decades Washington’s middle eastern policy has been dead wrong and increasingly counter-productive and destructive. The crisis provoked this past weekend by the 30-year old, hot-headed Saudi prince behind the throne only clarified what has long been true.
That is, Washington’s Mideast policy is predicated on the assumption that the answer to high oil prices and energy security is deployment of the Fifth Fleet to the Persian Gulf. And that an associated alliance with one of the most corrupt, despotic, avaricious and benighted tyrannies in the modern world is the lynch pin to regional stability and US national security.
Nothing could be further from the truth. The House of Saud is a scourge on mankind that would have been eliminated decades ago, save for Imperial Washington’s deplorable coddling and massive transfer of arms and political support.

This post was published at David Stockmans Contra Corner by David Stockman ‘ January 5, 2016.

The Saudi’s Are Stumbling From Pillar To Post

For the past eight decades Saudi Arabia has been careful.
Using its vast oil wealth, it’s quietly spread its ultra-conservative brand of Islam throughout the Muslim world, secretly undermined secular regimes in its region, and prudently kept to the shadows while others did the fighting and dying. It was Saudi money that fueled the Mujahedeen in Afghanistan, underwrote Saddam Hussein’s invasion of Iran, and bankrolled Islamic movements and terrorist groups from the Caucasus to the Hindu Kush.
It wasn’t a modest foreign policy, but it was a discreet one.
Today that circumspect diplomacy is in ruins, and the House of Saud looks more vulnerable than it has since the country was founded in 1926. Unraveling the reasons for the current train wreck is a study in how easily hubris, delusion, and old-fashioned ineptness can trump even bottomless wealth.
Oil Slick
The kingdom’s first stumble was a strategic decision last fall to undermine competitors by scaling up its oil production and thus lowering the global price.
They figured that if the price of a barrel of oil dropped from over $100 to around $80, it would strangle competitors that relied on more expensive sources and new technologies, including the U. S. fracking industry, companies exploring the Arctic, and emergent producers like Brazil. That, in turn, would allow Riyadh to reclaim its shrinking share of the energy market. There was also the added benefit that lower oil prices would damage oil-reliant countries that the Saudis didn’t like – including Russia, Venezuela, Ecuador, and Iran.
In one sense it worked. The American fracking industry is scaling back, the exploitation of Canada’s tar sands has slowed, and many Arctic drillers have closed up shop. And indeed, countries like Venezuela, Ecuador, and Russia have taken serious economic hits.

This post was published at David Stockmans Contra Corner on November 14, 2015.

Pepe Escobar: The Caliph fit to join OPEC

Islamic State leader Caliph Ibrahim – aka Abu Bakr al-Baghdadi – never ceases to amaze us – and most of all his powerful petrodollar-stuffed backers. The Caliph is for all practical purposes now an oil major worth of membership of the Organization of the Petroleum Exporting Countries (OPEC). His takfiri/mercenary goons – in theory – have for some time been extracting, refining, shipping and/or smuggling and clinching juicy deals involving vast quantities of oil, reaping profits of roughly US$2 million a day.
The Caliph's oil prices are to die (be beheaded?) for; after all, he's implementing the same low-price strategy concocted by the people he wants to dethrone in Mecca, the House of Saud. The caliphate's GDP across "Syraq" has only one way to go: up.
And oh, the irony Top customers for The Caliph's cheap oil happen to be "Sultan" Recep Tayyip Erdogan's Earthly paradise, aka Turkey – a North Atlantic Treaty Organization ally – and that King "Playstation" Abdullah II ibn al-Hussein's domain impersonating a country, aka Jordan.
Meanwhile, the awesome, immensely sophisticated military apparatus/intel agency acronym fest deployed by "free" U.S./NATO somehow is simply unable to register/intercept this racket.

This post was published at Asia Times