18 Comments

What is KSA?

Expand full comment

The US is not represented by Uncle Sam but by Uncle Scrooge, who always turns the screws on other countries that seek to be sovereign and refuses to treat them as equals.

Expand full comment

Lazy. Tired old neocon thinking. A bunch of conformists amongst themselves that can’t or won’t think outside of their tired old failure of a playbook. They become predictable and belligerent. And thus slowly and patiently they are undermined.

Expand full comment

Hmm. How does it go diversifying your oil sales out of USD? Saddam Hussein and Muammar Gaddafi thought it was a good idea back in the day.

Expand full comment

Biden was big on the Jamal Khashoggi using it to smear Saudi Arabia, and their ruler. As well as being all end on ending use of oil.

Biden, or whomever is the Democratic nominee needs low gas prices for the 2024 election.

And the sanctions against Russia, seizing of foreign reserves, throwing out of Swift have many countries wondering - are we next? So countries are reducing the capacity of the U.S. to wage economic warfare.

Plus the continued inflation in the U.S. due to out of control government spending devalues the dollar.

Expand full comment

We could say many unkind things about MbS, but I'll give credit where it is due: he's no dummy. He learns from his mistakes, everyone else's and adapts quickly in a changing scenario. I was happy to see talks begin in his war on Yemen and a cease fire start. But, I was under no illusion it was because MbS really cared about starving Yemini children - it wasn't a war he was going to win and it was a PR black eye, but more likely it was a giant money suck. That certainly didn't help the KSA debt situation Tom talks about.

“KSA has no intention of returning to the American orbit.” I think you'll get your chance to say "told you so" in the not too distant future to anybody who doubts you were 100% correct.

Expand full comment
Nov 26, 2023·edited Nov 26, 2023

As far as the Dollar goes (and the time is quickly coming when it won't go nearly as far is it used to) the "horse is out of the barn." The global south is incentivized to do everything they can to get out of the clutches of the Dollar, the IMF, the World Bank, and every other European and American institution and mechanism used to impose tyranny over them. Why should they not want to escape? Especially when they have people (like the Russians and Chinese) who apparently will help them to do so and will seemingly treat them like human beings instead of chattel?

Expand full comment

Prediction: This always happens BTW, attacks on oil prices damages the US oil and gas industry, results in higher prices with the passage of time. Green energy idiocy will be promoted as the solution by the usual suspects. Rinse and repeat ad nauseam . . .

Expand full comment

Great piece, Mark.

Expand full comment

Mark, if I remember correctly almost right after The Rake (vegetable in the White House) pulled out of Afghanistan, KSA signed military contract with Russia.

Any more evidence we needed to know how fast MbS wanted to move from the U.S.?

It costing the “Davos Crowd” big bugs to manipulate oil & gold markets. Let’s see for how long.

Expand full comment
Removed (Banned)Nov 26, 2023
Comment removed
Expand full comment
Removed (Banned)Nov 26, 2023
Comment removed
Expand full comment