August 2022
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August 18, 2022

Financials Matter

"It's Not Just About Finance"

You’re Gonna Need a Tin-Foil Hat for This

A few days ago, I wrote about how Saudi Prince Mohammed bin Salman (MbS), had his brothers, cousins, friends, and assorted relatives arrested and held ransom until they volunteer to donate 70% of their wealth as payment.  (HERE)

And I laughed at the charges of “corruption” because there’s WAAYYYYY more to this story than meets the eye.

(You’d better have your tin-foil hat near by for what I’m about to say)

To understand why such a massive arrest of billionaires took place in the House of Saud, you must start with a simple question.

“WHY?”

Why would a 32-year-old heir apparent to the crown do this?

Guess which one of the following is the best answer:

  • He (MbS) eliminates his internal competition. (True)

  • He’ll add close to a Trillion dollars to his Treasury. (Also, True)

  • He’s looking to the future of selling oil to Russia and China outside of the Petro-Dollar. (Saddam Hussein and Muammar Gaddafi tried this and both ended up murdered…but this could also be true)

I’m sure you could come up with more juicy reasons as to why MbS arrested 60+ of his closest relatives/friends (and is probably torturing them as well) and confined them to the Ritz Carlton in Riyadh.

But let’s go with#4.

REVENGE is one of the oldest and strongest motivators in history.  Its bloodlust knows no boundaries.

Plus, when you add in Billions from extortion, arresting this crew almost seems justified.

But Revenge from what?

Conspirators will love this…it’s tied into the recent shootings in Las Vegas.

(Little known fact:  the floors of the Mandalay Bay Hotel, including the 32nd floor, are owned by Saudi Prince Alaweed bin Talal.  He was one of the first one’s arrested.)

This is just the tip of the iceberg.

Read more about it and how it affects oil prices in our December newsletter (HERE).

 

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