HERE IS THE HOLD UP...Saudi not wanting to dump the petrodollar:Fall of Saudi Arabia to End Dollar Reserve System?Friday, January 28, 2011 – by
There is a social media revolution in Saudi Arabia ... Ten
million Saudis are online, 3 million belong to Facebook, and Twitter
feeds are up more than 400 percent. Recently, many tweets and posts have
been focused on the uprising in Tunisia. In fact, Saudi's social media
activists spread videos and news updates at the peak of the street
protests — and the interest has stayed high ever since. And, now, Saudi
bloggers have added the unrest in Cairo to the topics receiving much
attention. Will the Saudi government clamp down on this free-wheeling
speech after Tunisia's social media movement helped to bring down a
government? It's one of the big questions ahead for Saudi Arabia. How
this authoritarian regime will live with the freedom and chaos that the
Internet represents. ... The Internet poses a challenge for this
conservative, mostly religious society. – National Public Radio Dominant Social Theme: The Jasmine revolution spread unexpectedly.
Free-Market Analysis: The civil unrest in Egypt is
growing fiercer. Electronic communications have been shut down
throughout Egypt and massive demonstrations have been planned for today.
A changing of the guard in Egypt would be a massive political shift
indeed, but what if the disturbances don't stop there? What if they
ultimately spread to Saudi Arabia and end up bringing down the dollar
reserve system?
We suggest this possibility because we believe there are larger forces at work in the Middle East. Could it be that the
power elite itself is inciting these disturbances? Is the idea, eventually, to crash the dollar and set up a global currency in its place?
The dollar reserve system is propped up by Saudi Arabia's willingness
to restrict the purchase of oil to dollars, a system that has been in
place since US President Richard Nixon abrogated what remained of the
gold standard in 1971. But the PE is notoriously unsentimental. The
Saudi elite has grown enormously wealthy from its relationship with the
US and now, perhaps, for the good of a new world order, it is time for
them to go.
Sure it's a tenuous hypothesis; but we are merely attempting a
logical extrapolation, trying out different scenarios. We don't put
anything past the power elite anymore. Not since it occurred to us that
the NASA moon landings might have been faked; not since we discovered
the CIA carried out operations to foment communist radicalism in Europe
via Operation Gladio 40 years ago; or that through Project Mockingbird,
the CIA enlisted the help of America's major media to propagate Cold War
paranoia. The goal is always world domination by a tiny,
Anglo-American elite. In a previous article, we wrote the following:
We've already reported suspicions that the Tunisia unrest was
likely aided by CIA; we've suggested that the idea is to construct a
Muslim enemy that the West can generally agitate against. One hundred Al
Qaeda in Afghanistan are not doing the trick. The Pentagon's budget is
in danger of being cut – and hard. A more formidable enemy is called
for. And now the Middle East is ablaze.We believed that in Tunisia, sooner or later there would be a
militant Muslim outpouring even if Tunisia is generally secular. No
sooner had we suggested this, then there were reports that the Tunisian
Islamic leader Rachid Ghannouchi was prepared to return home from
Britain where he had lived for 20 years. "He is preparing to revive his
Islamic party formally, even though he denies any political ambitions
himself," we wrote. You can see it here:www.thedailybell.com/1711/As-Predicted-Tunisian-Islamists-Emerge.htmlIn this article, we'll examine the unrest and how it may aid the
Western power elites in their quest for ever-closer global governance.
We have already hypothesized that these manipulated revolutions (if they
are fully realized) will give rise to Islamic states. Now we will
further explore the idea that the West is hoping to install a variety of
"democratic" regimes – many of them perhaps "national unity
governments," with Islamic overtones. These overthrows might accomplish
numerous purposes, including the furtherance of elite globalism.
The power elite has always had an affection for national unity
governments and there is one in Britain today. In America, on and off,
there is much chatter about Democratic and Republican unity. The idea is
that by reasoning together, opponents can build better and more
efficient governments – that do more things for more people. Thus, we
can argue that the national unity governments being discussed in the
Middle East (and implemented in Tunisia) may be meant to serve as a
template for other countries as dictators are inevitably deposed.
As a blog dedicated to analyzing the elite's
dominant social themes,
we understand that almost every promotion is likely related to another.
Thus the global warming fraud was supposed to kick off a food and water
shortage. In fact, these scarcity promotions are underway, but since
the global warming
meme has all-but-collapsed, nothing is really supporting them. This is the
power of the Internet; its truth telling is wreaking havoc with elite
story-telling. It is hard to build a one-world government when each of
your fear-based promotions comes under intense scrutiny and exposure.
What's going on in the Middle Eastern is a mélange of elite
promotions. The one that stands out the most is WikiLeaks. There was a
determined effort to place WikiLeaks at the front of the Tunisian unrest
by claiming that its exposure of strongman Ben Ali's corruption had
pushed the Tunisians to rebel. Not only is this a patronizing
perspective, it is one that has been rebutted in various places on the
‘Net. The Tunisian revolution may have been encouraged by Western intel,
but Tunisians needed no outside information to explain the corruption
of their country to them.
The WikiLeaks sub dominant theme seems to have been dropped. But the
Jasmine revolution is spreading. The website Popdecoy sums it up for us
as follows: "The protests in Tunisia that led to toppling of President
Zine al-Abidine Ben Ali have inspired demonstrators from Morocco to
Yemen. The Tunisian who tipped events off, Bouazizi, was an unemployed
university graduate who doused himself with petrol and set himself
alight in the city of Sidi Bouzid on December 17. He was protesting
official harassment of his street-side produce business, but his act
quickly came to symbolize government abuse and the absence of economic
opportunity. Thereafter, clashes broke out in Algeria [and many other
countries]."
It's uncanny how Western powers first predicted the unrest; and it's
surprising how they seemingly abetted it. Way back on January 12,
Secretary of State Hillary Clinton finished a four-nation tour of the
Middle East and then gave a "rousing speech" in Doha. The New York Post
reported she told Arab leaders that they "can expect to face growing
unrest, extremism and even rebellion if they fail to quickly address
depleting oil and water reserves and to enact real economic and
political reform."
At the Forum for the Future Conference in Doha, Qatar's capital,
Clinton pointed out that many Middle East regimes were "sinking in the
sand" and that change was absolutely necessary. "The new and dynamic
Middle East needs firmer ground if it is to take root and grow
everywhere." She also asserted, the Post noted, that economic and
political space must be made for the Arab world's women, minorities and
exploding youth population.
A few days later, protests struck Tunisia and Ben Ali fled to
Britain. A national unity government came together suddenly and various
concrete steps were taken to install "real" democracy in Tunisia. As
part of the evolution of this process, the Tunisian army has kept the
peace but not interfered with politics. The police have been
progressively less aggressive, to the point of taking the side of the
protestors in some cases.
This would seem to suit the West; in fact Western leaders have
ever-more emphatically been warning established Middle East leaders that
they ought not to merely suppress protest but should tolerate them and
even seek to accommodate the goals stated by protestors. This was
Hillary Clinton's point, but it is not hers alone.
According to CBC news, Canadian Prime Minister Stephen Harper
discussed the protests in the Middle East with Moroccan Prime Minister
Abbas el Fassi in Rabat, Morocco, on Wednesday and "offered support on
Thursday for democratic protests taking place in the Middle East."
Harper added, "We want to see democratic development in [Egypt] as well.
We're very supportive of that ... We support the democratic development
that is taking place there and obviously want to see that proceed
positively," Harper said. Harper also stressed that members of the
former regime of Ben Ali are not welcome in Canada.
Britain chimed in too. In an article entitled, "Britain Foreign
Secretary Calls for Reform in Middle East" the BBC reported that Foreign
Secretary William Hague urged the Egyptian government "to move towards
political reform in order to calm growing unrest." In an interview on
Thursday, British Foreign Secretary William Hague said the Egyptian
government should heed demands for change. "I do think that it is
important in this situation to respond positively to legitimate demands
for reform, to move towards openness and transparency and greater
political freedom and that would be my advice to Egyptian leaders and to
many others around the Arab world."
Ah, there's that word again ... "Transparency." We've identified it
as a special word that seems to have unusual Import. Julian Assange of
WikiLeaks is interested in a more transparent world – and especially
more transparency in government. So is William Hague. And doubtless Hillary Clinton. You can read the articles on transparency here:
http://www.thedailybell.com/1627/New-Elite-Gambit-Features-Transparency.htmlhttp://www.thedailybell.com/1636/Transparency-Meme-Expands.htmlAll these revolutions coming at once are almost too good to be true.
And perhaps they are. There is some violence – especially in Egypt – but
it seems like the dictator has forgotten how to be merciless. (Or at
least has taken some time to work himself up to a fever pitch.) Are
these regimes being pressured? Is it possible after 30 years that the
West wants to make a clean sweep of its puppet states in the Middle
East?
All this is speculation. We are meme watchers not mind readers and
Egypt and other countries in the Middle East may or may not topple old
regimes. But we do keep in mind the goals of the Western power elite and
try to analyze their influences and promotions around the world. It is
not merely a hypothetical exercise. The Egyptian stock market is down
sharply and one may make profitable investments by betting on either the
current regime's survival or its disappearance.
Conclusion: If the revolution reaches all the way to
Saudi Arabia – and if this is the elite's intention (to blow up the
price of oil while fatally wounding the dollar) – then heaven-help the
world's commodity prices. Isolate the memes of the elite within a
free-market context, determine the potential for success or failure and
then make corresponding, judicious bets. As always we recommend (to your
attention)
gold and silver.
Egyptian evening update/January 28, 2011 ... Aljazeera reports ... Demonstrations spontaneous, ongoing: The
new service Aljazeera has reportedly been attacked by Egyptian security
forces, but reporters are broadcasting live nonetheless via satellite
phone. Egyptian President Hosni Murbarak is scheduled to address the
nation and may explain why he has attempted to suppress the protests and
how he intends to address the national discontent. ¶ A curfew has been
imposed but is not been fully obeyed. Egyptian security forces have
temporarily ceded control of the center of Cairo to protestors. The
military has been called in and tanks and troops are taking up positions
in place of the police in cities. ¶ Police stations have been set
ablaze. The "iconic" headquarters of the Mubarak's Ruling National
Democratic Building is reportedly on fire. Very loud explosions
(artillery?) are being heard in the center of Cairo near the "critical"
Ministery of Interior. Fires burn brightly. The protestors chants do not
diminish. Massive black smoke. Fires under a bridge. ¶ "A frightening
situation ... People have overcome their fear. The protestors are
determined. They have looked down water cannons and the police. Now they
face the military." ¶ Commentator and founder of two of Egypt's
opposition parties: "Murbarak must step down and Egypt must have a new
constitution. The regime has a thick skin and has turned to the Egyptian
people into a fossil. Now credible opposition figures have joined
forces with the people. We will see the regime stepping down and
standing trial." ¶ Many continue to ignore the curfew. Military is out
in force. A protestor has been killed. Protestors unmoved and will
continue to remain until Murabak resigns and leaves the country. ¶
Another political commentator: "Much more volatile situation than
expected. A rainbown coalition has formed on the streets. Unprecedented.
A very, very serious coalition. We might be witnessing the beginning of
the end, particular if the protests continue in the next few days." ¶
The Egyptian regime has decided to crack down but the protestors are
determined and entrenched. The barrier of fear has fallen but the
military is key. They are watching carefully." ¶ Hundreds of protestors
stop amidst smoke and gunfire and bow down in the last prayer of the
evening. Police reappear. Tear gas fired. Protestors shout "God is
great." Cannisters are tossed back at police. "Is there a risk of a
vacuum?" Commentator: This is the beginning of the end and the military
may be considering plans for a transitional government. An extraordinary
day. A day of rage. The curfew has been rejected and ignored. Major
defeat for the Mubarak security regime. With the introduction of the
military, the situation has passed beyond Murabark's control." ¶ "Where
Egypt goes the rest of the Middle East will follow."
Hillary Clinton at noon EST: "We support the
universal rights of the Egyptian people including the right to
expression ... There are deep grievances and the Egyptian government
needs to understand that violence will not make these grievances go away
... Reform is absolutely critical to the well-being of Egypt ... We
continue to raise with the Egyptian government the imperative for reform
to provide a better future for all ... We want to partner with the
Egyptian people to live in a Democratic society ... The people of the
Middle East are seeking a chance to contribute. As I said in Doha,
leaders need to respond to these aspirations. They need to view civil
society as their partner not as a threat."