Saudi Royals Double Dealing Coup In Egypt: Oil Prices Shoot Up, Making Kleptocrats In SA Richer

Image may be NSFW.
Clik here to view.

The ridiculous Huffington Post front page tonight which celebrates illegal military overthrow of an elected government.

Nothing happens in a vacuum.  Gold and oil prices have been generally falling.  And one particular country hates this fact: Saudi Arabia.  Bin Laden’s #1 target for destruction and overthrow wasn’t the US government but Saudi royals.  The US protects these very vicious dictators not that bin Laden was going to be any nicer than they…but to weaken the Saudi royals, his plan was to lure the US into war with Afghanistan and thus, have the US go bankrupt like Russia.  A plan, incidentally, which is working all too well.  But the real issue of the coup in Egypt is why the Saudis want a dictatorship there again.  The answer is many fold and I will start with oil prices.

News that doesn’t surprise me is the fact that Egypt unrest pushes oil prices above $100 and to see how the Saudis feel about this, we go to last year’s news:  The Saudis Need Those High Oil Prices and this story:  Saudi Arabia targets $100 crude price  and also from last year: Fracking is Pitting OPEC Members Against Each Other. It Couldn’t Happen to a Nicer Bunch of Cartel Members.  Every time oil shoots upwards, the US economy goes into recession.  The GOP wants this to happen because it makes oil giants here much, much richer and they give money to the GOP by the fistful and it ruins the working conditions of Americans which the GOP then blames on the Democratic President.

On top of all this is the goofy business of the most dangerous eater of humanity’s well being, the Derivatives Beast:  Credit default swaps hit alarming levels amid nationwide protests – Daily News Egypt from just before the coup:

The five-year CDS market has risen by 200 basis points since mid-June, which indicates a cost of $900,000 per year to insure $10m worth of debt for five years…Economic expert Karim Helal explained that “the Egyptian debt, both domestic and foreign, is the result of years of corruption before Morsi was elected president, but Morsi failed to address the debt. In fact, he has worsened it by borrowing financial aid from Arab and foreign countries.”

 

The rise in debt is also expected to seriously hinder the country’s ability to receive additional loans. Egypt has been holding talks over the past two years with the International Monetary Fund (IMF) to get a $4.8bn loan to bridge the Middle East’s biggest budget deficit.

 

Egypt has already received loans from several neighbouring countries, including Qatar, Saudi Arabia, Libya and Turkey.

The Libyan loans were from the leader NATO deposed and replaced with basically political chaos. Turkey is having a taste of chaos, too and has yielded to demonstrators and won’t build a mosque in the park.  Qatar and Saudi Arabia have been ruthlessly suppressing any Arab Spring action and the US has supported the brutal suppressions including doing endless drone assassinations for both despotic kingdoms.

The strings being pulled to overthrow the Muslim Brotherhood were yanked in Riyadh.  Restricting oil so there would be long lines at Egyptian gas stations, demanding higher returns on loans, higher ‘default’ insurance on loans…funny stuff when we consider that Muslims aren’t supposed to charge interest on loans!  Anyways, the roots of the economic collapse make a beeline from Cairo to the next door despotic rulers who are tremendously corrupt and in near-constant violation of their own  Muslim rules they pretend to follow.

Like any cynical, hypocritical regime, none beats the Saudis when it comes to living totally at odds with one’s supposed beliefs!  And they know this, the entire planet knows this and it is a huge problem since Muslim fundamentalists, launched by Saudi royals 75 years ago, are out to throw the royals to the wolves.  So the royals hate these fundamentalists and greatly, very greatly fear them more than any rulers on earth.

From March, 2013:  Islamist political parties form electoral alliance – Politics – Egypt – Ahram Online shows us how the groundwork was prepared exactly like how Chile’s military prepared Santiago for its suppression and military rule, namely, have various entities go on strike like the police:

The parties say in a press conference Saturday that what prompted them to form the alliance is the recent political crises in Egypt and the “clear dangers” triggered by the “police [labour] strike… in what seems like a forced summoning of the army” to take power.

 

The Salafi parties have been mentioned in the news so here is some information about them, they are the arm of the Saudi royals and have contested with the Muslim Brotherhood, who the Saudis fear, for power:  Salafi movement – Wikipedia, the free encyclopedia

The Salafi methodology, also known as the Salafist movement, is a movement among Sunni Muslims named by its proponents in reference to the Salaf (“predecessors” or “ancestors”), the earliest Muslims considered to be examples of Islamic practice.[1][2]

 

The movement is often described as related to, including, or synonymous with Wahhabism, but this is disputed. Many Salafists consider the term Wahhabi derogatory, and object to being called that.[3] At other times, Salafism is deemed as the hybridation between Wahhabism and other movements which have taken place since the 1960s.[4] Salafism has become associated with literalist, strict and puritanical approaches to Islam and, in the West, with the Salafi Jihadis who espouse violent jihad against civilians as a legitimate expression of Islam.[5] However, leading Salafi scholars have condemned attacks on civilians,[6][7][8][9] and salafi who support such attacks remain a minority.[10]

This paragraph is most interesting since it goes totally contrary to US propaganda about how mean Morsi was:

Salafi have been notable following insurrections in Egypt, Tunisia and Libya. In the 2011–12 Egypt parliamentary elections, the Islamist Bloc led by Al‑Nour party despite having only “a few months of party politicking experience” managed to received 27.8% of the vote, or 127 of the 498 parliamentary seats contested, to form the second-largest parliamentary bloc.[74] According to Ammar Ali Hassan of al-Ahram, while Salafis and the Muslim Brotherhood agree on many issues such as the need to “Islamise” society and the right to private property restricted by the duty incumbent upon Muslims to give alms, they have clashed over the Brotherhood’s “flexibility” on the issue of whether women and Christians should be entitled to serve in high office, and the brotherhood’s relatively tolerant attitude towards Shia Iran in foreign policy.[75]

Doesn’t fit today’s propaganda storyline, does it?  The liberals in Cairo (this is nearly their only base) have this bizarre belief that the fascist military group which serves Egypt’s elite rich, will support the sort of women’s and religious civil rights which Saudi’s rulers forbid.  Note that only the Red Sea separates these two countries and the last thing Saudi rulers want is a counter example to their despotism!  The riots against Christians were not the Brotherhood but mainly the Saudi-supported Salafists.  Ditto, the raping of women which happened all over the place during the demonstrations against Morsi.

Here is a good thumbnail history of the relationship of the Muslim Brotherhood and the Saudi Royals which explains why the Saudi Royals fear them: The Muslim Brotherhood and Saudi Arabia – Opinion – Ahram Online

The first real shock that hit the relationship between Riyadh and the Brotherhood took place following the Iraqi invasion of Kuwait in 1990. While Saudi Arabia relied on the US to liberate the occupied emirate and to ensure its own security against the threat of Saddam Hussein, the Muslim Brotherhood opposed Western intervention. This position was interpreted as a sign of ingratitude. Following the liberation of Kuwait in 1991, Saudi Arabia witnessed the appearance of the first opposition movement, Al-Sahwa (Awakening), which challenged throughout the 90s the absolute monarchy of Al-Saud and called for political reforms. Some Saudi leaders accused the Brotherhood of being Al-Sahwa’s inspiration.

 

The second shock, more violent, that hit the relationship between the Brotherhood and Saudi Arabia came following the attacks of 11 September 2001 in the United States. Some 15 of the 19 alleged attackers were Saudis. Part of Saudi’s rulers threw the blame for this “deviation” of some young Saudis on the doctrinal activism advocated by the Muslim Brotherhood, particularly their most famous ideologue, Sayed Qutb, hanged by the Nasser regime in 1966. The Saudi interior minister at the time, and the crown prince from October 2011 until his death on 16 June 2012, Nayef Bin Abdel-Aziz, accused the Muslim Brotherhood in 2002 of being the origin of most problems in the Arab world.

 

This doesn’t mention Atta, the ringleader of the successful 9/11 attacks.  He was the son of a top Egyptian Muslim Brotherhood member!  The Egyptian people will not be ‘free’ at all, they will be loaded with even heavier chains by the Saudis.  The farce of the US media celebrating this as some sort of redemption of the revolution is insane.  And worse, the owners of our media know perfectly well.

Image may be NSFW.
Clik here to view.

Image may be NSFW.
Clik here to view.

Image may be NSFW.
Clik here to view.

Image may be NSFW.
Clik here to view.