Thursday, September 17, 2015

Big Lie: U.S. Allies with Saudis ‘Because We’re Addicted to Their Oil’

"Some historical background of America’s evolving relationship with the Saudi royal family is necessary in order to understand in a truthful way, U.S.-Saudi (and broader U.S-Arabic) relations. (On the Saudi side, incidentally, that refers to relations between the U.S. Government and the King of Saudi Arabia, because the King is  the Government of Saudi Arabia: he’s an absolute dictator there, and he owns not just the Government, but much of the economy. For example, ever since 1980, the Saudi Government, the King, has owned 100% of Aramco, the world’s largest oil company. Aramco’s reserves are more than 250 billion barrels, which at $40/barrel are, alone, worth $1 trillion, but Forbes  and Bloomberg refuse to calculate the fortunes of royalty and other heads-of-state; so, the fiction is spread, by those business-publishers and others, that the world’s richest person is instead Bill Gates, at a mere $79.2 billion (according to Forbes), which is far less than a tenth of King Salman’s fortune. The Saudi King owns the Saudi Government, and the Saudi Government owns Aramco and lots more — a fortune that’s probably several trillion dollars. The U.S. is allied with the Saudi King. But it’s no longer because of all the oil he has.)..."


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