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Free - Beyond Collapse
 
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'.

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:

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. Labels: saudi arabia petro dollar financial collapse us euro oil iran gold yemen muslim brotherhood mecca shia sunni syria civil unrest arab spring assad israel nuclear persian gulf military china russia



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