Saudi Arabia

In a quiet start to the week following last week's surprisingly strong rebound which followed a stronger than expected jobs report (perhaps to demonstrate that good news is once again good news), Japan stocks continued to sink as the USDJPY dropped to fresh lows, while commodities declined for a fifth day as the supply glut from crude to copper weighed on prices, dragging down commodity currencies. European equities rose, rebounding from a one-month low.

The royal family in Saudi Arabia is about to collapse any day now, leading to chaos in the country, according to Myles Hoenig – political analyst and activist.  Hoenig commented that he thinks the Saudi royal family is “teetering on the edge of collapse” following Donald Trump’s speech at a recent Wisconsin rally where he denounced the Saudi royal family, saying that America should distance itself from them.

In the aftermath of Bloomberg's surprising Friday report, according to which Saudi Arabia flipflopped on its previous promise that it would freeze its oil output while allowing Iran to grow supply until it hit its pre-embargo peak, instead saying that it would only join the freeze curbe Iran - and all other OPEC member nations - also joined, crude tanked.

Submitted by Mike Krieger via Liberty Blitzkrieg blog,

Qaddafi on his way out, Bashar al Assad is next.

— John McCain (@SenJohnMcCain) August 21, 2011

Saudi Arabia have announced plans to execute homosexuals who ‘come out’ publicly on social media.  According to Oraz, a Saudi newspaper, prosecutors in the city of Jiddah are introducing the death penalty in response to an increase in prosecutions of people practising homosexuality in Saudi Arabia over the last 6 months. Washingtonblade.com reports: Okaz reported that Jiddah authorities have prosecuted 50 cases in which men allegedly dressed as women.