WikiLeaks Nails Saudi Royals–March Protests Planned

07 Other Atrocities, 08 Wild Cards, Advanced Cyber/IO, Civil Society, Collective Intelligence, Corruption, Counter-Oppression/Counter-Dictatorship Practices, Media
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Wikileaks Goes After The Saudi Royal Family

Gus Lubin | Feb. 28, 2011, 6:28 AM

Business Insider

Wikileaks just released a motherload of info on the taboo subject of Saudi Arabian royal rents.

The 1996 cable — entitled “Saudi Royal Wealth: Where do they get all that money?” — describes legal and illegal ways that royals grab money, according to Reuters.

For legal ways, there's the monthly allowance given to thousands of princes and princesses. This ranged from $800 a month for “the lowliest member of the most remote branch of the family” to $270,000 a month for sons of Abdul-Aziz Ibn Saud.

For illegal ways, schemes include skimming $10 billion yearly from off-budget projects related to defense and infrastructure. One Saudi prince complained: “One million barrels per day” go entirely to “five or six princes.”

It's nothing to start a revolution over, but the sheer scale of payments might anger the Saudi people. The big concessionary social-welfare package offered last week was worth only $37 billion. Big anti-government protests are scheduled for later in March.

See 11 Countries That Could Be The Next Egypt >

Phi Beta Iota: The cable is also valuable in demonstrating that the US Government  (regardless of party in power) chose to sell our soul for Saudi crude.

See Also:

Review: Sleeping With the Devil: How Washington Sold Our Soul for Saudi Crude

The Saudi Royals Are Traitors To Islam

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Guest Post: Analysis of the Global Insurrection Against Neo-Liberal Economic Domination and the Coming American Rebellion

01 Agriculture, 01 Poverty, 03 Economy, 06 Family, 07 Other Atrocities, 08 Wild Cards, 09 Justice, 10 Transnational Crime, 11 Society, Commerce, Commercial Intelligence, Corruption, Counter-Oppression/Counter-Dictatorship Practices, Cultural Intelligence, Government, Money, Banks & Concentrated Wealth

Guest Post: Analysis of the Global Insurrection Against Neo-Liberal Economic Domination and the Coming American Rebellion

Tyler Durden's picture

Submitted by Tyler Durden on 02/26/2011 20:53 -0500

If you think what’s happening in Egypt won’t happen within the United States, you’ve been watching too much TV. The statistics speak for themselves.

Join The MovementIn previous Revolution Roundups, before we were knocked offline, we featured mass protests by the people of Ireland, Italy, Britain, Austria, Greece, France and Portugal, as the Global Insurrection contagion spread throughout Europe. And now, as we have seen over the past month, North African and Middle Eastern nations have joined the movement as the people of Egypt, Tunisia, Jordan, Morocco, Gabon, Mauritania, Yemen, Bahrain, Libya, Palestine, Iraq, Sudan and Algeria have taken to the streets en masse.

The connection between this latest round of uprisings and the prior protests throughout Europe is one the mainstream media is not making. We are witnessing a decentralized global rebellion against Neo-Liberal economic imperialism. While each national uprising has its own internal characteristics, each one, at its core, is about the rising costs of living and lack of financial opportunity and security. Throughout the world the situation is the same: increasing levels of unemployment and poverty, as price inflation on food and basic necessities is soaring.

Whether national populations realize it or not, these uprisings are against systemic global economic policies that are strategically designed to exploit the working class, reduce living standards, increase personal debt and create severe inequalities of wealth. These global uprising, which have only just begun, are the first wave of the inevitable reaction to the implementation of a centralized worldwide Neo-Feudal economic order.

The global banking cartel, centered at the IMF, World Bank and Federal Reserve, have paid off politicians and dictators the world over — from Washington to Greece to Egypt. In country after country, they have looted national economies at the expense of local populations, consolidating wealth in unprecedented fashion – the top economic one-tenth of one percent is currently holding over $40 trillion in investible wealth, not counting an equally significant amount of wealth hidden in offshore accounts.  Read More….

Tip of the Hat to Contributing Editor Jock Gill for the link.

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Bahraini Freedom Contagion Rattles Saudi Arabia

07 Other Atrocities, 08 Wild Cards, 10 Security, 11 Society, Civil Society, Collective Intelligence, Corruption, Counter-Oppression/Counter-Dictatorship Practices, Cultural Intelligence, Peace Intelligence
Chuck Spinney Recommends....

Weekend Edition February 25 – 26, 2011

A Jittery GCC: Bahrain and the “Freedom Contagion”

By RANNIE AMIRI, Counterpunch

“Saudi Arabia did not build a causeway to Bahrain just so that Saudis could party on weekends. It was designed for moments like this, for keeping Bahrain under control.”

– Dr. Toby Jones, expert on Saudi Arabia at Rutgers University

If Saudi Arabia was rattled by the fall of former Egyptian President Hosni Mubarak, they will be in convulsions should Bahrain’s monarchy collapse. By all indications, the five other member nations of the Gulf Cooperation Council (GCC) (Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates) will go to all lengths to prevent it.

The Arab world’s “freedom contagion” is rapidly spreading. Bahrain’s revolt is being spearheaded by the country’s poor, disenfranchised Shia Muslim majority. Although Mubarak was deposed by a nation of 80 million, unrest in the tiny island kingdom of only 530,000 citizens poses a greater ostensible threat to the GCC, particularly Saudi Arabia and its own sizable, restive Shia minority.

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REVOLUTION 2.0 Awakening 2012

Poverty, Not Terrorism, Is Threat #1

01 Agriculture, 01 Poverty, 03 Economy, 06 Family, 07 Other Atrocities, 08 Wild Cards, 09 Justice, 11 Society, Civil Society, Corruption, Peace Intelligence
Chuck Spinney Recommends....

The price of food is at the heart of this wave of revolutions

No one saw the uprisings coming, but their deeper cause isn't hard to fathom

By Peter Popham
Independent, Sunday, 27 February 2011

Revolution is breaking out all over. As Gaddafi marshals his thugs and mercenaries for a last-ditch fight in Tripoli, several died as protests grew more serious in Iraq. Saudi Arabia's King Abdullah tried to bribe his people into docility by splashing out $35bn on housing, social services and education. Across the water in Bahrain the release of political prisoners failed to staunch the uprising. In Iran, President Ahmadinejad crowed about chaos in the Arab world, but said nothing about the seething anger in his own backyard; in Yemen, the opposition gathers strength daily.

And it's not just the Middle East. This is an African crisis: Tunisia, where it started, is an African country, and last week in Senegal, a desperate army veteran died after setting fire to himself in front of the presidential palace, emulating Mohamed Bouazizi, the market trader whose self-immolation sparked the revolution in Tunisia. Meanwhile, the spirit of revolt has already leapt like a forest fire to half a dozen other ill-governed African nations, with serious disturbances reported in Mauritania, Gabon, Cameroon and Zimbabwe.   Read more….

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US Economy, US Federal Budget–To Cut or Not to Cut?

03 Economy, 07 Other Atrocities, Budgets & Funding, Commercial Intelligence, Corporations, IO Sense-Making, Money, Banks & Concentrated Wealth, Secrecy & Politics of Secrecy
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ECONOMIC SCENE

Why Budget Cuts Don’t Bring Prosperity

By DAVID LEONHARDT

New York Times, February 22, 2011

23leonhardt-gfc-articleInline.jpg

Remember the German economic boom of 2010?

Germany’s economic growth surged in the middle of last year, causing commentators both there and here to proclaim that American stimulus had failed and German austerity had worked. Germany’s announced budget cuts, the commentators said, had given private companies enough confidence in the government to begin spending their own money again.

Well, it turns out the German boom didn’t last long. With its modest stimulus winding down, Germany’s growth slowed sharply late last year, and its economic output still has not recovered to its prerecession peak. Output in the United States — where the stimulus program has been bigger and longer lasting — has recovered. This country would now need to suffer through a double-dip recession for its gross domestic product to be in the same condition as Germany’s.  Read more….

Does The U.S. Really Have A Fiscal Crisis?

By Simon Johnson, The Baseline Scenario, 24 February 2011

The United States faces some serious medium-term fiscal issues, but by any standard measure it does not face an immediate fiscal crisis.  Overindebted countries typically have a hard time financing themselves when the world becomes riskier – yet turmoil in the Middle East is pushing down the interest rates on US government debt.  We are still seen as a safe haven.

Yet leading commentators and politicians today repeat the line “we’re broke” and argue there is no alternative other than immediate spending cuts at the national and state level.

Which view is correct?  And what does this tell us about where our political system is heading?  Read more….

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Mother Jones: It’s the Inequality, Stupid!

07 Other Atrocities
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Eleven charts that explain everything that's wrong with America.

— By Dave Gilson and Carolyn Perot

How Rich Are the Superrich?

A huge share of the nation's economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now make an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.

Phi Beta Iota: We don't make this stuff up.  Read all eleven charts.

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