Tag Archives: Saudi Arabia

The Thinking Behind October 7th

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On May 18th, Zero Hedge posted an article about what is considered the reason behind the Hamas attack on Israel on October 7, 2024. I suspect there are many in Hamas who currently wish they could rethink that attack.

According to the article:

Newly uncovered internal Hamas documents confirm a longtime theory explaining the motives behind the Oct.7, 2023 terror attack which kicked off the bloody and grinding Gaza war, which still shows no signs of abating and has resulted in unprecedented death and destruction in the Gaza Strip.

The documents, published by The Wall Street Journal, demonstrate that Hamas leaders had a specific aim of preventing a potential peace agreement between Israel and Saudi Arabia based on the US-backed Abraham Accords. This was speculated about soon after the horrific attacks that also kicked off the hostage crisis.

This is according to minutes from a high-level meeting which cite now slain Hamas leader Yahya Sinwar and which were reportedly discovered by Israeli forces in Gaza tunnels. Sinwar was quoted in the internal papers, which are dated Oct. 2, 2023 – as saying, “There is no doubt that the Saudi-Zionist normalization agreement is progressing significantly.”

The article concludes:

And the prospect of Palestinian statehood resulting from some kind of Israel-Saudi normalization agreement based on Trump’s Abraham Accords (conceived during his first administration) – which US media reports previously hailed as ‘deal of the century’ – also clearly seems a pipe dream at this point.

In this regard at least, Sinyar’s ‘extraordinary act’ served its purpose, but the bloody aftermath is thousands of Israelis killed, many tens of thousands of Palestinians dead and wounded, and a region on fire.

So what would Saudi Arabia joining the Abraham Accords mean and why is it important? The two negative players in the Middle East right now are Iran and Turkey. Turkey, unfortunately is a member of NATO, which complicates things. A majority of the Middle Eastern countries do not want Iran to get a nuclear bomb. They understand that even if the bomb is only used on Israel it will negatively impact them–radiation, infrastructure damage, etc. Iran is funding Hamas. If Iran is isolated, it may lose the ability to fund Hamas. Saudi Arabia joining the Abraham Accords might be the domino that falls and paves the way for other countries to join. Iran would be isolated, and the money to Hamas would probably dry up. October 7th was an act of desperation. I don’t think Hamas got the results they wanted–Israel is not going to stop fighting this time.

I Love The Welcome Saudi Arabia Gave To President Trump

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On Tuesday, Red State reported the following:

President Donald Trump rolled out his favorite songs, “Y.M.C.A.” and “God Bless the USA,” during his speech in Saudi Arabia on Tuesday, and those in attendance loved it.

On Tuesday, Trump attended the Saudi-U.S. Investment Forum in Riyadh and spoke to a room full of Saudi business investors with the Crown Prince of Saudi Arabia, Mohammed bin Salman Al Saud, in attendance. President Trump spoke about America’s plans for success under his administration and his vision for a peaceful and prosperous Middle East.

Trump opened his speech with Lee Greenwood’s famous patriotic song playing. As the entire song played, the president stood on the stage before he took to the podium.

And as the final line in the song, “God Bless the USA” played, those in attendance went crazy.

Fox News White House correspondent Peter Doocy said the audience, made up of prominent businessmen from Saudi Arabia and the U.S., “didn’t take their seats” during the entire song.

After his speech, the president was joined on stage by the Saudi Crown Prince as the Village People’s 1978 hit “Y.M.C.A.” played in the background. Those in the room gave the president a standing ovation.

There is a lot going on here. The Saudis were ostracized during the Biden administration. The Biden administration simply could not overlook the murder of Jamal Khashoggi. Khashoggi was a prominent dissident and critic of the Saudi government. He is also alleged to have had ties to the Muslim Brotherhood, an organization that during the Arab Spring was planning to bring down the House of Saud and takeover Saudi Arabia. The plan was to turn the countries in the Middle East that were ruled by dictators into countries run by the Muslim Brotherhood. For a short time, they were successful in Egypt. Considering the relationship between the Biden administration and the Obama administration (which supported the Arab Spring), the Biden administration’s attitude toward the Saudis was not surprising.

During President Trump’s visit, the Saudis also set up a mobile McDonald’s at a press center for covering the event in Riyadh, an apparent nod to the president’s love of the burger restaurant. (article posted at Breitbart)

What we saw in Saudi Arabia was the equivalent of the ostracized middle school student being asked to sit at the ‘cool’ kids’ table at lunch.

No, It’s Not Illegal

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On May 14th, The Daily Caller posted an article including Attorney Alan Dershowitz’s comments on whether or not President Trump should accept the gift of an airplane from Saudi Arabia.

The article reports:

Noted attorney Alan Dershowitz on Tuesday detailed two reasons President Donald Trump would probably be able to keep a 747 reportedly being gifted to the United States.

Qatar offered Trump the $400 million Boeing 747-8 for modification into a VC-25 configuration to serve as Air Force One, with the jet being donated to Trump’s presidential library after his term in office ends. Dershowitz, on “The Dershow,” noted that the Constitution’s “emoluments clause,” something cited by some critics, actually would not prohibit the gift to the United States government.

“Okay, here’s what the Constitution says: No title of nobility shall be granted by the United States,” Dershowitz said. “In other words, we don’t have sirs and knights, or anything like that. So we can’t grant titles of nobility and no person holding any office of profit or trust under them, that means the president, shall without the consent of Congress, and this is the key, without the consent of Congress, accept any present, emoluments, office or title of any kind whatever from any king, prince or foreign state. Now, obviously, Qatar has the king. Oh, I guess he’s the emir, doesn’t say emir, he’s the emir, I know, I met him three times, the emir of Qatar, I know he’s an emir and I guess he comes under the category of king, prince or foreign state.”

This is how Attorney Dershowitz applies the law:

“Now this means no person shall receive the gift,” Dershowitz said. “We know that gifts are given to governments all the time… when you go to the Oval Office, where the White House, you see all over the place, gifts that have been given by foreign governments to the White House, great portraits of Winston Churchill and other things that are gifts the British government or other governments have been given to the United States. But when the incumbent president or any officer leaves, he doesn’t take the gifts with him, he leaves them. There have been a couple of occasions where the presidents of taken a few gifts, for example, letters they take letters now letters could be worth a fortune… I think presidents have taken some of those, but mostly they go to the Library of Congress or to the Smithsonian or to the presidential libraries.”

“Now presidential libraries are not the property of the president himself or of the former president,” Dershowitz continued. “They are the property of the Smithsonian Institute, the archives. They are the property of the United States of America, and so, if the emir of Qatar or the Qatari state gives the president of the United States a $400 million dollar airplane, that is not a violation of the emoluments clause, it’s perfectly constitutional.”

Dershowitz said that even if Trump were to keep the plane for his personal use, which would possibly make the plane a gift and thus conflict with the constitutional provision, critics of the gift still faced an additional hurdle beside the legal merits when it came to bringing the case in court.

Please follow the link to the article for further details. The bottom line is that this is much ado about nothing–typical for the Democrats.

I’m Skeptical, But I Would Love To See This Work

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On Tuesday, Hot Air reported:

Secretary of State Marco Rubio is going to meet with the Syrian Foreign Minister on Thursday in Turkey.

President Trump will greet Ahmed Al-Sharaa in Riyadh tomorrow. 

My favorite quote from the article:

Trump will talk to anyone who sincerely wants to talk to him. It’s like his magic power.

Ahmed Al Sharaa has been serving as President of Syria since January of this year. He is from a Sunni Muslim family.

The article notes that he has not been an exemplary leader so far:

By the beginning of March, it was pretty clear a jihadi leader now using his given name – Ahmed Al Sharaa – in a $4000 suit was still a jihadi at heart. Al-Sharaa’s boys were having themselves the rampaging adventures of a lifetime, systematically exterminating Druze and Alawite communities all over northern Syria with impunity. Oh – and trying to find the five or six Jews left in the country.

We haven’t heard much out of the area since, except for reports that detail American and Israeli strikes on targets in the area. Most associated with the ongoing cat and mouse game the Houthis had been playing and the assorted Iranian militias supporting them, who operate freely all through the southern portion of Iraq, Yemen, and Syria, as President Trump noted during his speech in Saudi Arabia today.

I applaud President Trump providing an avenue for Al-Sharaa to reform, but I am skepticall. Any time you are dealing with an Islamist, you need to consider the Islamic concept of taqiyya. This is a concept in Islamic law that translates as “deceit or dissimulation,” particularly toward infidels. It is generally described as lying for the sake of Islam.

However, there may be some possible rewards for making nice to Syria.

To quote Shaun Maguire on X:

The article at Hot Air notes:

This also helps keep Turkey on the spot because, should Al-Sharaa start to see the fruits of cooperation with the US pay off and Syria begins to rise from the dead, he becomes a hero, and there’s nothing more these egotists love than being loved. He won’t let Erdogan interfere with that, whatever he owes him.

The other is the pressure from Saudi Arabia on Syria now. They facilitated this come to Trump moment. The crown prince would take it ill if the jihadi reappeared after making a public spectacle of the Saudis’ belief that he was worth cultivating and his country worth saving.

The Saudis do not take embarrassment lightly.

This is going to be interesting to watch. It would be wonderful to see the Middle East break out in peace.

What Hypocrisy?

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On Thursday, The Daily Caller posted an article about a judge who is listed as a fellow in Columbia University’s human rights program. The judge seems to have a limited understanding of human rights.

The article reports:

A British jury convicted United Nations Judge Lydia Mugambe on Thursday of forcing a Ugandan woman into domestic servitude after luring her to the U.K. under false pretenses.

Mugambe, who also serves as a high court judge in Uganda, brought the victim to Britain under the guise of securing her a job in a diplomatic household — only to make her work as an unpaid maid and nanny. She confiscated the victim’s passport and visa, leaving her trapped until she was able to contact a friend, who alerted authorities, according to a Thames Valley Police statement.

“Lydia Mugambe used her position to exploit a vulnerable young woman, controlling her freedom and making her work without payment,” Eran Clutliffe, an attorney for the Crown Prosecution Service’s Special Crime Division, said.

The 49-year-old judge, who was studying for a doctorate at the University of Oxford at the time, according to her profile on the U.N.’s website, was found guilty on four charges, including forced labor, an immigration offense and conspiracy to intimidate a witness. Mugambe is also listed on Columbia University’s website as a fellow in their human rights program. Prosecutors argued she “exploited and abused” the victim’s lack of knowledge about her rights to keep her in a state of servitude.

Mugambe leveraged her connections within the Ugandan High Commission in London to secure a visa for the victim, presenting it as an official employment opportunity, according to court testimony. Instead of placing the woman in a diplomatic household, however, Mugambe brought her to her private residence and forced her to work without pay.

…Mugambe, who was appointed to a U.N. international court in May 2023, denied all charges. She is scheduled for sentencing May 2.

A United Nations judge guilty of having a slave. Wow! It really is time to get America out of the United Nations and get the United Nations out of America.

Speaking of hypocrisy at the United Nations, the United Nations has also appointed Saudi Arabia as the head of the United Nations Commission on the Status of Women (CSW69). I understand that the government of Saudi Arabia is moving to expand the rights of women in their country, but making Saudi Arabia the head of a commission on the status of women is like asking a fox to design a hen house.

Mistreating An Ally

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On Sunday, The Gatestone Institute posted an article about the slow-walking of the weapons Congress promised to Israel. It seems that the Biden administration is working very hard to undermine Israeli Prime Minister Netanyahu and that withholding the weapons he needs to defeat Hamas is part of that problem.

The article reports:

    • It is with good reason that Israeli Prime Minister Benjamin Netanyahu complains that the US is withholding, or “slow-walking,” military supplies. In Ukraine, for instance, badly needed arms are always “being delivered” but somehow never manage to arrive until long after they might actually have helped.
    • Although Israel’s leaders are well aware of the immense danger presented by Iran, the US and other Western allies evidently cannot be relied upon to prevent Iran from completing its nuclear weapons program. The US appears to like talking, and talking about talking, diplomacy backed up by talking, verbal “understandings” so long as they have no teeth, then paying what looks like bribe money for adversaries not to “make waves,” presumably at least not before the America’s upcoming November election.
    • The Biden administration, it seems, would rather deal with threatening situations via… worthless promises from Iran, Russia, China, the Taliban, the Palestinians or whoever else will offer appeasements.
    • The critical point is that Israel is fighting to safeguard not just its own nation, but the West and the Free World as well. The battle at the moment seems between preserving freedom or having it extinguished by the forces of barbarism, autocracies and theocrats, but most of all by the passivity of the West…. Silky, stealth aggressors include Qatar — the consigliere of all Islamic terror groups — which uses money and its media network Al-Jazeera, not military aggression, as its means of persuasion.
    • Sadly, the Biden administration appears to view Israel not as a sovereign nation but a US satrapy. It is hardly a secret that the US has been trying to oust Israel’s elected Prime Minister Benjamin Netanyahu and replace him presumably with a subordinate. That US puppet would supposedly be delighted to have a terrorist Palestinian state next door administered by the terrorist godfather, Qatar, and be delighted to see Iran have as many nuclear weapons as it likes.
    • If Obama ostensibly conceived of this arrangement [the 2015 “nuclear deal”] to “balance the influence” of Saudi Arabia in the Middle East, the plan has failed colossally. Saudi Arabia, for all its faults, has not tried to enlarge its territory….

The battle against Hamas is America’s as well as Israel’s. However, there has been a strong infiltration into American government in recent years (on both sides of the aisle) of people who do not support Western civilization. President Obama was one of those people and is one of those people probably holding the reins in the Biden administration. We need to remember that if Hamas (actually Iran) can defeat Israel, America is their next target. The Biden administration is playing with fire.

The End Of The Petrodollar

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On Friday, MSN posted an article from India Today about the end of the petrodollar. Since 1974, oil has been traded in petrodollars.

The article explains:

What are petrodollars?

Petrodollars are not a currency but US dollars exchanged for crude oil exports.

The term “petrodollars” refers to the US dollars earned by oil-exporting countries through the sale of oil.

The concept emerged in the early 1970s and has played a significant role in global economics and geopolitics.

History behind petrodollars

Initially, the Bretton Woods Agreement of 1944 established the US dollar as the world’s primary reserve currency, pegged to gold. This facilitated international trade and economic stability post-World War II.

However, in 1971, US President Richard Nixon ended the dollar’s convertibility to gold, leading to floating exchange rates and increased currency volatility.

In the following year, the Organization of Petroleum Exporting Countries (OPEC) imposed an oil embargo in response to US support for Israel during the Yom Kippur War, causing oil prices to skyrocket.

The US struck a deal with Saudi Arabia and other OPEC countries to stabilise the situation, where oil would be traded exclusively in US dollars.

The move to petrodollars was supposed to stabilize the world’s currency. It was also a boon to America because it provided some stability for the American dollar. Petrodollars were also part of what sustained the value of the American dollar despite ridiculous overspending by Congress. Obviously, the overspending by Congress continues. My fear is that we will become like many formerly prosperous countries with citizens needing to take wheelbarrows of money to the supermarket to buy groceries.

This is not being heavily reported, and I suspect that is because most Americans will have no idea what it means and the news may start an unnecessary panic.

The Value Of The Abraham Accords

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On Monday, Robert Zimmerman posted an article at Behind the Black about the attack on Israel this past weekend. The article notes how the Abraham Accords, initiated during the Trump administration, helped protect the nation of Israel.

The article reports:

Over the weekend the Iranian attempt to bomb Israel drove home starkly the effectiveness of the Abraham Accords that Donald Trump pushed through during his term between Israel and a number of its Arab neighbors.

The effectiveness of the accords was not only illustrated by the moral and technical support given to Israel by the UAE and Bahrain (two accord signatories), the good will these agreements produced between Israel and the Arab world caused other Arab nations to add their own support as well.

First, when Iran tipped off several Arab countries of its intentions — which likely included both Jordan and Saudi Arabia (neither of which has signed the accords) — those countries then immediately passed that information to the United States, knowning full well it would then be passed to Israel. Iran had thought the Arab world was united with it, when in truth at least half the Arab world is now allied with Israel (either overtly or covertly).

Then Jordan denied Iran permission to use its airspace, and then followed this up by first opening its airspace to Israel and American fighter jets. All three then proceeded to shoot down Irans missiles and drones, preventing almost all from even reaching Israel.

The article concludes:

The situation of course remains very complex, but it will simplify enormously after Israel finishes Hamas off and then demonstrates its determination to rebuild Gaza as a sane place for both the Gazans and its neighbors. Despite the absurd screams of “genocide” by stupid Hama supporters, Israel’s neighbors very much want to get Hamas destroyed. They might mouth some complaints about the lose of civilian lifes in Gaza, but those protests are not to be taken very seriously. Hamas has done nothing for them except instill disorder and violence in the region. Remove it, and they know everyone will benefit.

The Trump administration was working toward peace in the Middle East. I am not sure what the Biden administration is working toward.

 

Things Not Being Said Publicly

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On Saturday, Townhall posted an article about the continuing war in Gaza. Although the Biden administration and some other countries are putting pressure on Israel not to end Hamas, some countries in the Middle East are not in agreement with allowing Hamas to survive.

The article reports:

In the days after the brutal October 7 attacks executed by Hamas, Egypt knew what was going to happen. They deployed tanks to the border while their prime minister vowed that his country would sacrifice millions to keep their borders safe. He was not referring to Israel. So, what’s the latest? Well, Haaretz is reporting that Israel’s Arab neighbors are telling Jerusalem privately that they shouldn’t stop military operations until Hamas has been annihilated. They view them as a domestic threat:

The article includes a quote from an article in France 24:

The outcome of a joint summit of the Arab League and the Organisation of Islamic Cooperation in the Saudi capital highlighted regional divisions over how to respond to the war even as fears mount that it could draw in other countries. 

…The final declaration on Saturday rejected Israeli claims that it is acting in “self-defence” and demanded that the United Nations Security Council adopt “a decisive and binding resolution” to halt Israel’s “aggression”. 

It also called for an end to weapons sales to Israel and dismissed any future political resolution to the conflict that would keep Gaza separate from the Israeli-occupied West Bank. 

Saudi Arabia’s de facto ruler Crown Prince Mohammed bin Salman, who before the war was considering establishing formal diplomatic ties with Israel, told the summit he “holds the occupation (Israeli) authorities responsible for the crimes committed against the Palestinian people”. 

…Some countries, including Algeria and Lebanon, proposed responding to the devastation in Gaza by threatening to disrupt oil supplies to Israel and its allies as well as severing the economic and diplomatic ties that some Arab League nations have with Israel, the diplomats said. 

However, at least three countries — including the United Arab Emirates and Bahrain, which normalised ties with Israel in 2020 — rejected the proposal, according to the diplomats who spoke on condition of anonymity. 

In a televised address Saturday evening, Israeli Prime Minister Benjamin Netanyahu said Arab leaders “have to stand up against Hamas”, which he described as “an integral part of the terror axis led by Iran”. 

Why is there so much talk about crimes committed against the Palestinian people and so little talk about crimes committed against Israelis on October 7th and before and after? Where is the concern for the rockets fired consistently on civilian populations in Israel since March 2006? How would America handle things if Mexico had been firing rockets into Texas since 2006?

How You Vote Impacts YOU!

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On Tuesday, The Associated Press reported the following:

DUBAI, United Arab Emirates (AP) — Saudi Arabia and Russia agreed Tuesday to extend their voluntary oil production cuts through the end of this year, trimming 1.3 million barrels of crude out of the global market and boosting energy prices.

The dual announcements from Riyadh and Moscow pushed benchmark Brent crude above $90 a barrel in trading Tuesday afternoon, a price unseen in the market since November.

The countries’ moves could increase inflation and the cost for motorists at gasoline pumps. It also puts new pressure on Saudi Arabia’s relationship with the United States, as President Joe Biden last year warned the kingdom there would be unspecified “consequences” for partnering with Russia on cuts as Moscow wages war on Ukraine.

Because of the Biden administration’s energy policies, we are not in a position to make any threats to any oil-producing country! Like it or not, fossil fuel is one of the major foundations of our economy. Fossil fuel powers the trucks that move products, the factories that produce products (those factories the Biden administration tax policies have not driven out of the country), and provides Americans with comfort and mobility. Under President Trump we were energy independent and inflation was under control. Until we go back to the policies that worked for the American people, our standard of living will continue to decline and inflation will continue to rise.

The article concludes:

In recent months, tensions eased slightly as Biden’s administration sought a deal with Riyadh for it to diplomatically recognize Israel.

But those talks include Saudi Arabia pushing for a nuclear cooperation deal that includes America allowing it to enrich uranium in the kingdom — something that worries nonproliferation experts, as spinning centrifuges open the door to a possible weapons program.

Prince Mohammed already has said the kingdom would pursue an atomic bomb if Iran had one, potentially creating a nuclear arms race in the region as Tehran’s program continues to advance closer to weapons-grade levels. Saudi Arabia and Iran reached a détente in recent months, though the region remains tense amid the wider tensions between Iran and the U.S.

Higher oil prices would also help Russian President Vladimir Putin fund his war on Ukraine. Western countries have used a price cap to try to cut into Moscow’s revenues. But those sanctions have seen Moscow be forced to sell its oil at a discount to countries like China and India.

This Is Not Good News For America

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Today, NewsMax posted an article about the most recent meeting of the Organization of the Petroleum Exporting Countries (OPEC).

The article reports:

OPEC and its allies met on Sunday to try to agree further cuts in production, sources told Reuters, as the group faces flagging oil prices and a looming supply glut.

The group, known as OPEC+, delayed the start of formal talks by at least three and a half hours due to members’ discussions on the sidelines of production baselines, from which cuts and quotas are calculated, sources said.

OPEC’s most influential members and biggest Gulf producers led by Saudi Arabia were trying to persuade under-producing African nations such as Nigeria and Angola to have more realistic output targets, sources said.

“Talks with African producers are proving to be difficult,” one OPEC+ source said. Gulf producer, the United Arab Emirates, was meanwhile seeking a higher baseline to reflect its growing production capacity, sources said.

OPEC+, which groups the Organization of the Petroleum Exporting Countries and allies led by Russia, pumps around 40% of the world’s crude, meaning its policy decisions can have a major impact on oil prices.

Four sources familiar with OPEC+ discussions have told Reuters that additional production cuts were being discussed among options for Sunday’s session.

“We are discussing the full package (of changes to the deal),” one of the four sources said.

Three out of four sources said cuts could amount to 1 million bpd on top of existing cuts of 2 million bpd and voluntary cuts of 1.6 million bpd, announced in a surprise move in April and that took effect in May.

The article concludes:

Western nations have accused OPEC of manipulating oil prices and undermining the global economy through high energy costs. The West has also accused OPEC of siding with Russia despite Western sanctions over Moscow’s invasion of Ukraine.

In response, OPEC insiders have said the West’s money-printing over the last decade has driven inflation and forced oil-producing nations to act to maintain the value of their main export.

Asian countries, such as China and India, have bought the greatest share of Russian oil exports and refused to join Western sanctions on Russia.

OPEC has denied media access to its headquarters to reporters from Reuters and other news media.

According to a U.S. News article written in January 2021:

MMT (Modern Monetary Theory) argues that nations with the ability to produce their fiat currency can issue as much money as they need, and as a result, they have no pressures when it comes to financing. In other words, the government cannot run out of money and it essentially has no financial constraints. While the government should have a budget, under this theory, the government doesn’t necessarily have to worry about the deficit because it can fund projects by printing new money from its central bank.

That seems to be the theory that the government is currently operating under. It is a theory that will prove disastrous for America.

Destroying The United States’ Economy

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President Biden has not done a great job on economic issues, and things are about to get a lot worse for his administration. One of the main things that has kept the American dollar from being totally worthless is the fact that oil is traded in American dollars. That is now changing.

WallStreetMojo explains the Petrodollar as follows:

The petrodollar history stems from the Soviet Union’s breakdown (1991), following which the US became the only superpower throughout the materialized unipolar world. Subsequently, the world observed several destabilizations and crises to sustain the leadership of the petrocurrency structure.

The term emerged in 1973 when the US agreed to offer armed protection to Saudi Arabia. It also provided weaponry and other military supplies in an agreement involving the overall sale of oil in US dollars. Moreover, Saudi Arabia would recycle the surplus dollars into the American economic system using US treasury bills and bonds.

By 1975, all OPEC members embraced the petrocurrency arrangement and consented to oil export in US dollars. As a result, the American currency now contributes to almost two-thirds of the international economy. It is the reserve currency for most central banks worldwide since the US dollar is the chief currency needed for natural gas and oil trading.

On Wednesday, PJ Media reported the following:

The petrodollar — a term describing the post-WWII global system of trading in oil almost exclusively using the U.S. dollar — has literally built and buttressed the U.S. empire for decades.

Saudi Arabia has long been a stalwart supporter of the U.S. petrodollar, which it adopted in exchange for security provided by the dominant U.S. military.

But that arrangement may be about to change.

Via TVP World:

Saudi Arabia, the world’s largest crude oil exporter, is open to discussing oil trade settlements in currencies other than the U.S. dollar, Saudi Minister of Finance, Mohammed Al-Jadaan, told media outlet Bloomberg in Davos on Tuesday.

If the Saudis were to open to talks about oil trade arranged in non-dollar currencies it would represent a significant threat to the current dominance of the U.S. dollar in the global oil trade.

Saudi Arabia is just the latest rat to contemplate leaving the sinking ship. Ghana recently announced intentions to purchase oil in gold instead of U.S. dollars moving forward. Russia, China, Brazil, India, and South Africa (BRICS) are reportedly cooperating to develop a “new global reserve currency.”

President Obama was put in place to manage America’s decline–not to make America great again. President Biden is finishing what President Obama began.

I Guess That Didn’t Go Too Well

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On Saturday, The Conservative Treehouse posted an article about President Biden’s recent visit to Saudi Arabia. It was not a rave review. The article pointed out that although the American media covers for the frailty and obvious mental challenges President Biden exhibits, the international press does not. America’s enemies also take note of the obvious physical (and mental) weakness of our President.

The article includes the following:

From MbS (Mohammed bin Salman Al Saud) as interpreted: “We agree on many things, but we differ on a few others. Every country has its own culture and circumstances. I respect yours, you respect mine. Do not impose your culture on us. Do not impose your beliefs on us.” … “We agree we need to do more for climate change, but you guys are doing it wrong by favoring certain energy sources over others. The world needs energy security. We need all energy sources including oil & gas. We are doing our part on both fronts: climate change & energy security.” … “The stage of a country’s economic & social development must be considered in climate change negotiations.” … “We are increasing our production capacity to 13 million barrels per day (from 12 mb/d), but that is it. We cannot do more.”  The message here is: You guys do your part and invest more if you want to avoid energy crises, recessions, and unemployment. Do NOT blame us!

Remember, America was energy independent under President Trump. Inflation was under control because the energy industry was earning money and paying taxes to the government–the government was not borrowing large amounts of money not backed by anything. Bringing back American energy independence would do a lot toward stabilizing our economy–bringing in tax revenue and slowing inflation.

Just for the record, no one is entirely sure exactly who called for the murder of Jamal Ahmad Khashoggi, and I am not saying the murder was justified. However, it should be noted that Khashoggi did have ties to the Muslim Brotherhood and might well have been plotting to overthrow the rule of the House of Saud in Saudi Arabia. That is a possibility that needs to be considered when discussing his murder.

This Could Easily Crash The American Economy

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In explaining why oil is traded in American dollars, Quora reports the following history:

Allegedly, In a series of meetings, the United States — represented by then U.S. Secretary of State Henry Kissinger — and the Saudi royal family made an agreement. The United States would offer military protection for Saudi Arabia’s oil fields, and in return the Saudi’s would price their oil sales exclusively in United States dollars (in other words, the Saudis were to refuse all other currencies, except the U.S. dollar, as payment for their oil exports). By 1975, all of the oil-producing nations of OPEC had agreed to price their oil in dollars and to invest surplus oil proceeds in U.S. government debt securities in exchange for similar offers by the U.S.

That agreement has propped up the American dollar during Washington’s wild spending binges. It has allowed America to create the massive debt we now have without going bankrupt. Just for the record, high inflation makes it easier to pay off that debt.

Yesterday Yahoo News posted an article that is not good news for the future of the American dollar.

The article reports:

Saudi and Chinese officials are in talks to price some of the Gulf nation’s oil sales in yuan rather than dollars or euros, The Wall Street Journal reported Tuesday, citing people familiar with the matter.

The two nations have intermittently discussed the matter for six years, but talks have reportedly stepped up in 2022, with Riyadh disgruntled over the United States’ nuclear negotiations with Iran and its lack of backing for Saudi Arabia’s military operation in neighboring Yemen.

Nearly 80 percent of global oil sales are priced in dollars, and since the mid-1970s the Saudis have exclusively used the dollar for oil trading as part of a security agreement with the U.S. government, according to the Journal.

The talks are the latest in an ongoing effort by Beijing both to make its currency tradeable in international oil markets and strengthen its relationship with the Saudis specifically. China previously aided Riyadh in construction of ballistic missiles and consultation on nuclear power.

Conversely, the Saudi-U.S. relationship has been increasingly frayed in recent years. Crown Prince Mohammed bin Salman initially put forth a public image as a reformer, liberalizing the country’s policies on women’s rights and criminal justice.

However, the 2018 assassination of dissident journalist Jamal Khashoggi has been catastrophic for both the crown prince’s public relations offensive and relations with Washington. The rift intensified after President Biden, who has said the assassination should make the kingdom a “pariah,” took office.

During the same period, China’s economic relationship to Saudi Arabia has grown closer, with the kingdom providing 1.76 million barrels of oil a day to the country in 2021, according to the Journal, citing China’s General Administration of Customs. While the country plans to maintain the dollar for the majority of its oil trading, a shift by the Saudis could create a domino effect for China’s other major oil suppliers, such as Russia, Angola and Iraq.

I am not a financial expert and would not presume to tell anyone what a safe investment would be for the future, but I can say that this is not good news for the American economy.

America On The World Stage

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Remember when the Trump administration managed to negotiate peace deals between Israel and many of her Arab neighbors? During the Trump administration, we were on the road to peace. Now, not so much.

On Wednesday, The Wall Street Journal posted an article about President Biden’s recent outreach to leaders of Saudi Arabia and the United Arab Emirates in an attempt to build support for Ukraine and tamp down oil prices.

The article reports:

Saudi Crown Prince Mohammed bin Salman and the U.A.E.’s Sheikh Mohammed bin Zayed al Nahyan both declined U.S. requests to speak to Mr. Biden in recent weeks, the officials said, as Saudi and Emirati officials have become more vocal in recent weeks in their criticism of American policy in the Gulf.

…The Saudis have signaled that their relationship with Washington has deteriorated under the Biden administration, and they want more support for their intervention in Yemen’s civil war, help with their own civilian nuclear program as Iran’s moves ahead, and legal immunity for Prince Mohammed in the U.S., Saudi officials said. The crown prince faces multiple lawsuits in the U.S., including over the killing of journalist Jamal Khashoggi in 2018.

It should be noted that in addition to being a journalist, Jamal Khashoggi was quite probably an active member of the Muslim Brotherhood (article here). I don’t support the brutal murder of Khashoggi, but I do think that facts have been omitted and slanted by the media in reporting the event.

The article in The Wall Street Journal concludes:

But the Saudis and Emiratis have declined to pump more oil, saying they are sticking to a production plan approved between their group, the Organization of the Petroleum Exporting Countries, and a group of other producers led by Russia. The energy alliance with Russia, one of the world’s top oil producers, has enhanced OPEC’s power while also bringing the Saudis and Emiratis closer to Moscow.

Both Prince Mohammed and Sheikh Mohammed took phone calls from Russian President Vladimir Putin last week, after declining to speak with Mr. Biden. They both later spoke with Ukraine’s president, and a Saudi official said the U.S. had requested that Prince Mohammed mediate in the conflict, which he said the kingdom is embarking on.

Despite his claims to the contrary, President Biden has cut American energy production drastically. Until the restrictions that the Biden administration has put on energy companies and their drilling are lifted, the price of gasoline will not go down. The solution to the current high prices at the gas pump is for America to become energy independent again. Nothing short of that will solve the problem.

 

What Is The Role Of The Government In Marriage And Divorce?

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The dilemma I am about to share has not yet been reported in America, but I suspect it is only a matter of time. This story takes place in Denmark. Therefore, I share this article as food for thought as to how much power the government should have over marriage and divorce.

On Thursday, Front Page Magazine reported the following:

One of the many appalling challenges that have confronted Western European authorities since mass Muslim immigration began several decades ago is the arrival of adult – often elderly – men with underaged girls whom they identify as their wives.

Such marriages, of course, are not just permitted but encouraged under Islam. Muslims are taught to look in all things, big and small, to the example of their prophet, and they all know that one of the treasures of Muhammed’s harem – often described as his most beloved wife – was Aisha, whom he wed when she was six and deflowered when she was nine.

Needless to say, the pedofile alliances that are ubiquitous in the Islamic world – and legally sanctioned (or tacitly accepted) in Saudi Arabia, Iran, Pakistan, and elsewhere – are invariably arranged and forced on girls by their parents. They’re also usually cousin marriages. The BBC’s website provides a helpful whitewash – I mean, justification – of such unions: “Arranged marriages ensure that Muslim marriages are based on compatibility rather than lustful feelings.” Yes, because there’s nothing more compatible than a 70-year-old husband and an eight-year-old wife. At least you can be pretty sure that the little girl isn’t feeling a hell of a lot of lust.

The article continues:

Støjberg’s (Inger Støjberg – a Liberal Party member of Parliament who was then serving as Minister of Immigration, Integration, and Housing in Lars Løkke Rasmussen’s center-right government) initiatives, then, offended media hacks and ivory-tower buffoons. But they also made her a national heroine, and arguably the most popular politician in Denmark.

Now, confronted with the child-bride issue, Støjberg didn’t disappoint. At first she decided to offer the girls – 23 in all – the option of divorce. Then, realizing that many of the girls, if offered a choice, would likely be under immense family pressure to stay with their “husbands,” she ordered that all of them – except for five who were between the ages of 15 and 17 – be severed at once from their so-called spouses and granted instant divorces. Between February 10 and March 18, eighteen “couples” were separated.

But Støjberg’s swift action on child brides landed her in hot water. Immigration officials and other government bureaucrats maintained that she had no power to end marriages, even if they involved minors. The European Convention on Human Rights and the United Nations Convention on the Rights of the Child were both cited – not, mind you, in favor of saving girls from statutory rape, but in favor of allowing child molesters to keep on molesting.

Please follow the link to read the entire article. A heroine has gone to prison to protect children.

There are two sides to this story–balancing the protection of children and the rights of the government. I don’t ever want the government telling anyone they have to get a divorce, but I don’t want pedophilia allowed either.

I think we are going to have to look carefully at our immigration policies to see if we will permit these pedofile alliances to continue when immigrants enter the country. America has rules regarding pedophilia and the protection of children. Many of the Arab cultures do not. If people want to come to America, I think they need to follow our rules. However, I don’t want to give the government the right to demand a divorce.

Questionable At Best

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Yesterday Front Page Magazine posted a rather disturbing article about some of the Biden administration’s policies in the Middle East.

The article reports:

Iran and its proxies have targeted the US with missile strikes in Iraq. Its Houthi proxies have struck at Saudi Arabia from Yemen. So even as Biden is helping lubricate the flow of money to Iran’s terror machine, is pulling anti-missile batteries out of Iran’s way.

You’ll have to navigate some media spin for the story.

The Pentagon is pulling approximately eight Patriot antimissile batteries from countries including Iraq, Kuwait, Jordan and Saudi Arabia, according to officials. Another antimissile system known as a Terminal High Altitude Area Defense, or Thaad system, is being withdrawn from Saudi Arabia, and jet fighter squadrons assigned to the region are being reduced, those officials said.

…US forces in Iraq have come under fire from Iranian and proxy missiles. Either pull all the troops out of harm’s way or keep protecting them. Removing missile defenses while keeping thousands of American forces there just invites Iran to attack our troops.

…Iran is escalating. Biden is appeasing. As usual.

A senior defense official said the equipment withdrawals amount to a return to a more traditional level of defense for the region. Under former President Donald Trump, the U.S. actively deployed defensive systems as well as troops, jet fighter squadrons and naval warships to support its maximum pressure campaign against Iran.

By traditional, the echo chamber spinners mean Obama’s old appeasement policies.

Sometimes I wonder if the Biden administration isn’t simply trying to see how much damage they can do to America in a short time.

Why We Need To Maintain Energy Independence

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Yesterday Breitbart posted an article about some investment plans by the Communist Chinese.

The article reports:

Reuters reported Wednesday that “major Chinese investors” are in talks to buy a stake in Saudi Aramco, the national oil company of Saudi Arabia.

Saudi Crown Prince Mohammed bin Salman (MBS) mentioned the possibility of selling some Aramco stock in a television interview Tuesday.

…Reuters immediately noted China’s state-owned PetroChina and Sinopec previously expressed interest in buying up to five percent of Aramco in 2017. 

Aramco raised almost $30 billion with its initial public offering in 2019, providing a significant amount of the money needed to finance MBS’ “Saudi Vision 2030” plan to diversify the Saudi economy. 

The IPO ended up selling about 1.7 percent of the company’s stock, much of it to Saudi and Middle Eastern buyers. The record-breaking results were considered something of a disappointment compared to MBS’ original vision of selling 5 percent of the company and raising $100 billion.

The scaled-down IPO was partly a consequence of investors disputing the $2 trillion corporate valuation the Saudis put forward, and partly because Aramco was uncomfortable with some of the transparency requirements demanded by foreign investors. The dogged efforts of Iran’s terrorist proxies in Yemen to blow up Aramco facilities with missiles and drones were not helpful.

On Wednesday, “several sources” confirmed Chinese investors were part of the deal MBS mentioned in his interview, pointing to a sovereign wealth fund called China Investment Corporation (CIC) as a potential buyer.

The Renegade Tribune noted the following on November 7, 2018:

Nixon’s decision in 1971 to withdraw the United States from the gold standard greatly influenced the future direction of humanity. The US dollar rose in importance from the mid-1950s to become the world reserve currency as a result of the need for countries to use the dollar in trade. One of the most consumed commodities in the world is oil, and as is well known, the price is set by OPEC in US dollars, with this organization being strongly influenced by Saudi Arabia.

It is therefore towards Riyadh that we must look in order to understand the workings of the petrodollar. After the dollar was withdrawn from the gold standard, Washington made an arrangement with Riyadh to price oil solely in dollars. In return, the Saudis received protection and were granted a free hand in the region. This decision forced the rest of the world to hold a high amount of US dollars in their currency reserves, requiring the purchase of US treasuries. The relationship between the US dollar and oil breathed new life to this currency, placing it at the centre of the global financial and economic system. This privileged role enjoyed by the dollar allowed the United States to finance its economy through the simple process of printing its fiat currency, relying on its credibility and supported by the petrodollar that required other countries to store reserves of US treasuries in their basket of currencies.

This arrangement continued to sustain itself in spite of numerous wars (the Balkans, Iraq, Afghanistan), financial crises (the Black Monday of 1987, the Dotcom bubble of 2000, and Lehman Brothers’ subprime crisis of 2008), and the bankruptcies of sovereign states (Argentina in 1998). The explanation is to be found in the credibility of the US dollar and the US itself, with its ability to repay buyers of treasury bonds. In other words, as long as the US continues to maintain its dominance of the global financial and economic system, thanks to the dollar, its supremacy as a world superpower is hardly questioned. To maintain this influence on the currency markets and the special-drawing rights (SDR) basket, the pricing of oil in US dollars is crucial. This explains, at least partially, the impossibility of scaling down the relationship between Washington and Riyadh. Nobody should delude themselves into believing that this is the only reason why Saudi-US relations are important. Washington is swimming in the money showered by Saudi lobbies, and it is doubtful that those on the receiving end of such largesse will want to make the party stop.

Think about what the impact of large amounts of Chinese cash into Saudi Arabia might have on the current arrangement of the U.S. dollar as the world reserve currency. China has wanted to undo that arrangement for some time. Also consider the impact of the runaway spending proposals of the Biden administration and the impact they will have (if passed) on the value of the U.S. dollar. We may be headed for a perfect storm. One thing that would help us weather than storm would be energy independence.

Losing Energy Independence

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There are two groups of people who are attempting to end America’s energy independence–OPEC (The Organization of the Petroleum Exporting Countries) and the Democrat Party. OPEC is fighting American energy independence because it represents competition and loss of OPEC’s worldwide influence. I am not really sure what the Democrat Party stands to gain by fighting American energy independence except that the position opposes President Trump’s position, which seems to be their platform–if President Trump is for it, we’re against it.

Yesterday Fox News posted an article about the resistance to America’s energy independence.

The article reported:

The battle to win U.S. energy independence has been long, hard and well worth it but the industry is facing new foreign threats from OPEC as well as right here at home from Democratic presidential nominee Joe Biden.

Biden wants to ban U.S. fracking, which was the key to our winning the war of energy independence. The former vice president at one point has said “no new fracking” — which, because of the nature of the shale decline rate, would end the U.S. shale revolution. This would not only cost the U.S. thousands of high-paying jobs, it would allow other countries to fill the void and produce more oil and gas.

…Biden has also said he has a goal to completely eliminate fossil fuels. While all men are created equal, energy sources are not. The move to fossil fuel alternatives in the near future is not reasonable and handicapping the U.S. energy industry will only put U.S. energy security at risk.

In fact, because of demand drops due to the COVID-19 shutdowns, many alternative fuels have also seen setbacks in investment and are not viable. The truth is the road to get the world off of fossil fuels will be much longer than the original goal of energy independence and in some form, we will be using fossil fuels for energy for generations to come.

Having a presidential contender looking to curb the U.S. energy industry comes at a time when threats from foreign actors are rising amid allegations they have conspired to try to bankrupt the U.S. energy industry so that we return to depending on them for our economic and national security.

While Saudi Arabia and Russia denied it, many believe that the goal of an oil production war in the midst of COVID-19’s oil demand collapse was to once and for all neutralize and bury the hard-won U.S. energy independence.

Does anyone remember the gasoline crisis of the 1970’s? Because we were almost totally dependent on foreign oil, we had gas lines and high gasoline prices. Does anyone really want to do that again? Energy independence is an economic issue, a national security issue, and a geopolitical issue. It determines our economy, our national security, and can influence our foreign policy. The less dependent we are on foreign oil, the more free we are to stand up to tyrants in countries with large supplies of oil. Energy independence should not even be debatable–it it necessary for the survival of our republic.

Who Is Paying Our Colleges?

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On Friday, The National Review posted an article titled, “U.S. Colleges Have Accepted $6 Billion in Undisclosed Donations from Foreign Governments, DOE Probe Finds.” Great. No wonder we are sending children to college respecting America and getting them backl home hating America.

The article reports:

The Department of Education has discovered at least $6 billion in unreported donations to American universities from adversarial foreign nations, Townhall reported on Friday.

The DoE revealed its updates in a May 19 letter to Congress and a subsequent briefing to several ranking House Republicans who are conducting an investigation into the foreign funding of U.S. educational institutions.

The investigation was spurred by increasing reports of Chinese funding at U.S. educational institutions, including the prevalence of Confucius institutes on U.S. campuses. Confucius institutes are Chinese-government funded centers which ostensibly promote Chinese language and culture, but which U.S. agencies have warned spread propaganda for China’s government.

“Some [Institutions of Higher Education] leaders are starting to acknowledge the threat of foreign academic espionage and have been working with federal law enforcement to address gaps in reporting and transparency,” the letter from the DoE’s Office of the General Counsel reads. “However, the evidence suggests massive investments of foreign money have bred dependency and distorted the decision-making, mission, and values of too many institutions.”

The letter also states, “Certain institutions have yet to produce requested emails, metadata, and other information regarding business relationships with, and faculty funding from, Chinese, Middle Eastern, and Russian foreign sources.”

The DoE had already announced its own investigation into foreign funding of U.S. universities in February. Besides China, officials are looking into funding from Qatar, Iran, Russia, and Saudi Arabia.

America is a unique experiment. We have survived past the normal 200 years that a democracy can exist without self-destructing. The main reason for that is that we are a representative republic–not a democracy. But we need to remember that our freedom is always one generation away from being lost. If we continue to mis-educate our children from kindergarten through college, we will lose our freedom. We definitely need to remove foreign money from all of our education–from kindergarten through college. America is quite capable of teaching its own children and educating them on the value of their freedom and the great gift this country is.

 

A Very Mixed Blessing

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CNBC posted an article yesterday (updated today) that because OPEC has not been able to reach an agreement about oil prices with its allies (led by Russia), Saudi Arabia has cut its oil prices and increased its production. A price war is expected to follow. This is great news for consumers, but horrible news for American oil production.

The article reports:

U.S. West Texas Intermediate (WTI) crude and international benchmark Brent crude are both pacing for their worst day since 1991.

WTI plunged 18%, or $7.36, to trade at $33.92 per barrel. WTI is on pace for its second worst day on record. International benchmark Brent crude was down $8.44, or 18.7%, to trade at $36.80 per barrel. Earlier in the session WTI dropped to $30 while Brent traded as low as $31.02, both of which are the lowest levels since Feb. 2016. 

“This has turned into a scorched Earth approach by Saudi Arabia, in particular, to deal with the problem of chronic overproduction,” Again Capital’s John Kilduff said. “The Saudis are the lowest cost producer by far. There is a reckoning ahead for all other producers, especially those companies operating in the U.S shale patch.”

On Saturday, Saudi Arabia announced massive discounts to its official selling prices for April, and the nation is reportedly preparing to increase its production above the 10 million barrel per day mark, according to a Reuters report. The kingdom currently pumps 9.7 million barrels per day, but has the capacity to ramp up to 12.5 million barrels per day.

The article concludes:

“$20 oil in 2020 is coming,” Ali Khedery, formerly Exxon’s senior Middle East advisor and now CEO of U.S.-based strategy firm Dragoman Ventures, wrote Sunday on Twitter. “Huge geopolitical implications. Timely stimulus for net consumers. Catastrophic for failed/failing petro-kleptocracies Iraq, Iran, etc – may prove existential 1-2 punch when paired with COVID19.”

But others, including Eurasia Group, believe that Saudi Arabia and Russia will eventually come to an agreement.

“The most likely outcome of the failure of the Vienna talks is a limited oil price war before the two sides agree on a new deal,” analysts led by Ayham Kamel said in a note to clients Sunday. The firm puts the chances of an eventual agreement at 60%.

Vital Knowledge founder Adam Crisafulli said Sunday that oil “has become a bigger problem for markets than the coronavirus,” but also said that he does not foresee prices falling to the Jan. 2016 lows.

“Saudi Arabia can’t tolerate an oil depression – the country’s fiscal breakeven oil prices remain very high, Saudi Aramco is now a public company, and MBS’s grip on power isn’t yet absolute. As a result, the [government] won’t be so cavalier in sending oil back into the $30s (or even lower),” he said in a note to clients Sunday.

OPEC has played this game before. In the 1970’s oil crisis, OPEC boycotted America because of our support of Israel. When American energy companies responded by drilling wells to meet the need, OPEC dropped the boycott and lowered the price to put those companies out of business. I suspect there may be an attempt to do that again, but I am not sure we are as vulnerable as we were then. If America continues on the path to energy independence, our oil prices will be less vulnerable to foreign manipulation. We may have to pay a little more than the price the Saudis will drop to for our oil, but it would be worth it in the long run. Hopefully we have people currently in charge that are looking long term rather than short term.

National Security Includes Immigration

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On Sunday, The Clarion Project reported:

A Saudi student in New Mexico arrested for illegal possession of a handgun had a hit list of people he planned to kill.

The list included professors at the University of New Mexico, where he was an engineering student.

Hassan Alqahtani, 27, who also received his bachelor’s degree from UNM, turned himself in to authorities on Friday.

Alqahtani allegedly had a gun and wanted to buy other guns. The FBI received a tip about Alqahtani’s illegal possession of a gun by a person who also reported that Alqahtani had compiled a “list of people who he wants to kill before he leaves the U.S.”

The list included the acquaintance of Alqahtani who tipped off the FBI.

The incident follows the deadly shooting at the Pensacola, Florida naval base, in which a 21-year old Saudi aviation student killed three and wounded eight when he open fired with a handgun.

Those who want to harm America already have people in place. We need to be very careful about who we allow to come to our country–for whatever reason. It really is the time to reevaluate the relationship between Saudi Arabia and terrorism. I understand that we need Saudi Arabia as an ally to counter Iran in the Middle East, but we are not being smart about the Saudis we allow into our country. Thank God they arrested this man before he had a chance to carry out his plans.

While We Were Sleeping

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Yesterday The Houston Chronicle reported that the Justice Department charged eight people — including a prominent political donor to both Hillary Clinton and Donald Trump and a Lebanese-American businessman who was a witness in Robert Mueller’s investigation — with conspiring to conceal the source of more than $3.5 million in donations to Clinton.

The article reports:

The 53-count indictment unsealed in federal court in Washington detailed efforts by Ahmad “Andy” Khawaja and George Nader to conceal the true source of the millions of dollars in campaign contributions, which prosecutors allege were made to gain influence with high-level political figures, including Clinton.

Khawaja, who lives in Los Angeles and is the owner of the online processing company Allied Wallet, is accused of making the donations in his name, his wife’s name and his company’s name, even though they were actually funded by another businessman, Nader.

As they arranged the payments, Nader was in touch with an official from a foreign government about his efforts to gain influence with the prominent politicians, prosecutors charge. The government is not identified in court documents.

A 2018 investigation by The Associated Press detailed that Khawaja, Allied Wallet and top executives contributed at least $6 million to Democratic and Republican candidates and groups. The donations earned Khawaja access to Clinton during the 2016 presidential campaign and a post-election Oval Office visit with Trump.

Clinton is not identified by name in the court documents made public Tuesday, but there are repeated references in the indictment identifying the candidate as a woman. Federal donor records show Khawaja gave millions of dollars to Democratic candidates, including the main political action committee supporting Clinton’s campaign. He also donated $1 million to Trump’s inaugural fund.

Nader is already in federal custody on unrelated charges accusing him of transporting a dozen images of child pornography and bestiality. He had provided grand jury testimony in the special counsel’s Russia investigation about his efforts to connect a Russian banker to members of Trump’s transition team. He had also worked to advance Saudi Arabia’s agenda to the Trump administration.

This may be only the beginning of draining the Washington swamp. Hopefully there is more to come.

This Needed To Be Done

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Yesterday CBN News posted an article about President Trump’s visit to the United Nations.

The article reports:

On Monday, President Donald Trump made history with a big push for the United Nations to truly focus its attention on global religious liberty. 

On the first day of a three-day scheduled visit during the UN’s General Assembly, the President’s big focus was a meeting about the worldwide persecution of religious minorities, especially Christians.

The event called a “Global Call to Protect Religious Freedom,” was attended by key evangelical leaders including Franklin Graham, Paula White, Jentezen Franklin, Tim Clinton, and Cissie Graham Lynch. The president was introduced by Vice President Mike Pence.

President Trump began his remarks by saying, “The United States is founded on the principle that our rights don’t come from government, they come from God.”

He said the facts are clear that 80 percent of the world doesn’t enjoy the same protection for religious freedom that US citizens enjoy.

Trump said it was an “urgent moral duty” for world leaders to stop crimes against faith.

“The United States of America calls upon the nations of the world to end religious persecution, to stop the crimes against prisoners of faith, to release prisoners of conscience,” Trump said.

The Trump administration has hosted annual meetings on the topic in Washington, and Secretary of State Mike Pompeo announced during this year’s event that he would create an international alliance dedicated to the issue.

The United Nations Human Rights Commission includes the following members: Iraq, Saudi Arabia, Afghanistan, South Africa, and Pakistan. In most of these countries, religious freedom is an impossible dream. In South Africa, white farmers are being murdered and their land taken. This is the United Nations President Trump is working with. I admire his effort, but I believe that the United Nations has become so corrupt that they are no longer an organization capable of working toward either peace or freedom. They need to be kicked out of New York City and dissolved.

 

If You Wondered Why Energy Independence Is Important

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The Wall Street Journal posted an article yesterday about the drone attack on Saudi oil fields. The Iran-allied Houthi rebels in neighboring Yemen have claimed credit for the attack.

The article reports:

The production shutdown amounts to a loss of about 5.7 million barrels a day, the kingdom’s national oil company said, roughly 5% of the world’s daily production of crude oil.

Officials said they hoped to restore production to its regular level of 9.8 million barrels a day by Monday. Energy Minister Prince Abdulaziz bin Salman said lost production would be offset through supplies of oil already on hand.

The strikes mark the latest in a series of attacks on the country’s petroleum assets in recent months, as tensions rise among Iran and its proxies like the Houthis, and the U.S. and partners like Saudi Arabia. The attacks could drive up oil prices if the Saudis can’t turn production back on quickly and potentially rattle investor confidence in an initial public offering of Saudi Aramco, the national oil company.

The article concludes:

The Yemen war is a central front in a new and more aggressive foreign policy overseen by Prince Mohammed, who launched the intervention with a coalition of allied states in 2015. Under the prince’s watch, the kingdom also applied a blockade on neighboring Qatar, detained Lebanon’s prime minister, and sent a team of men to kill exiled journalist Jamal Khashoggi in Istanbul in 2018.

A conservative kingdom with a Sunni Muslim majority, Saudi Arabia has been an opponent of Iran in a struggle for power across the broader Middle East since the 1979 revolution that toppled Iran’s monarchy.

The attacks on Aramco’s facilities are poorly timed for Aramco’s coming IPO and pose a challenge to oil officials after a changing of the guard in their leadership. Aramco last week picked seven international banks to help it list on Saudi Arabia’s domestic exchange, an IPO that could value the company at about $2 trillion dollars and come before the end of the year.

There are a lot of things going on behind the scenes here. This is part of the conflict between Sunni and Shiite Muslims. At their core, both the Saudis and the Iranians want to bring back the former caliphate. The Ottoman Empire (which was that caliphate) existed until the early 1900’s. Many Muslims want that Empire restored. The argument is over who will rule the caliphate when it is established. Al Qaeda and the Muslim Brotherhood are players in this conflict, as is ISIS. Jamal Khashoggi was a part of the Muslim Brotherhood. Descriptions of him as simply a journalist were misleading. Another part of this puzzle is the fact that Saudi Arabia is drawing closer to aligning with Israel because of the fear of a nuclear Iran. That also would be a cause for increased aggression from Iran.

Generally speaking, any terrorism that goes on in the Middle East can be traced back to Iran. They have been training and funding terrorists since the Iranian Revolution in 1979.

I have no idea what impact this will have on world oil prices. I do know that Saudi Arabia will work to repair the damage as soon as possible. I have no doubt that Iran is violating the sanctions on its oil exports, so if the price of oil rises significantly, Iran may be able to pull itself out of its current economic difficulties and calm its population. America will continue to prosper as oil prices rise because we are now a net exporter of oil rather than a net importer. Because of the policies of President Trump, we are in a very different situation than we were during the oil crisis of the 1970’s.