Monday, August 29, 2011
The Saudi Arabia & Yemen Love Story
If Yemen is destabilized, Bahrain and eventually Saudi Arabia itself could become embroiled in domestic turmoil, which many observers believe could eventually end the fragile Saudi regime – the House of Saud. The Saud monarchy recently passed a law making it illegal for anyone to criticize a member of the Saud ruling family. Jail is to be the result, up to five years or more.
A failed Saud regime would likely collapse the US dollar as the world’s reserve currency. The results would make the financial turmoil from the current downgrade of US Treasuries look minor, indeed. The failure of the US dollar reserve could create a world depression of the sort that has not been seen since the Great Depression of the 1930s. (Read more)