Thursday, January 14, 2016
WEANING OFF WELFARE
As nearly everyone knows weaning isn't always easy. Weaning off of drug can be quite trying and that's what welfare is--a drug as additive as any drug can be.
Saudi Arabia has a huge weaning problem. To keep its subjects happy Saudi oil pays the freight. The price of that freight fluctuates with the price of oil. Given today's energy mess, Saudi rulers look to be in big trouble, the kind that could erupt and get out of control quicker than one can spell welfare as in farewell to the current government and the House of Saudi.
It's impossible to separate oil, Saudi Arabia and the petrodollar. They are as intertwined as the Three Musketeers. For more on the subject: zerohedge.com/news/2016-01-13/ron-paul-warns-watch-petrodollar.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment