Earlier today we reported that when it comes to Saudi Arabia, things are going from bad to abysmal, with the market is clearly aware of it. Saudi riyal forwards hit their highest level in almost two decades as oil plummeted: twelve-month forward contracts for the riyal climbed 260 points, and set for the steepest close since December 1996 on growing speculation the world’s biggest oil exporter may allow its currency to slide against the dollar for the first time since 1986 (incidentally, Bank of America's "Number One Black Swan Event For The Global Oil Market In 2016").
Submitted by David Stockman via Contra Corner,
The recent 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.
Submitted by Mike Krieger via Liberty Blitzkrieg blog,
On December 3rd, a month before Saudi Arabia carried out it largest mass execution since 1980 — subsequently setting the region on fire — Arjun Sethi wrote an article for Al-Jazeera titled: Saudi Arabia Uses Terrorism As An Excuse for Human Rights Abuses. According to Cora Currier at the Intercept:
Al Jazeera’s headquarters in Qatar appear to have blocked the article outside of the United States because it is critical of an ally of Qatar.
Pope Francis has warned that the “end of days begin now” and that the crisis involving Iran and Saudi Arabia represents a “tribulation on a timeline” that will “climax in the end of the world.” Addressing crowds gathered in St Peter’s Square in the Vatican for the celebration of Epiphany, the Pope took the opportunity to warn followers that the Middle East crisis will lead directly to the fulfilment of various Bible prophecies.