Last week Saudi Arabia, a long time friend and ally to the Washington cabal, issued an ultimatum to President Obama that should Congress succeed in passing legislation to un-classify and disseminate ’28 pages’ of the 9/11 Commission report which allegedly implicate the Royal family in playing a key role in the terror attacks, then they would respond by dumping more than $750 billion worth of Treasuries and other dollar assets.
And as many predicted, Barack Obama caved to his geo-political masters and assured them that he would veto any demands that came before his desk to reveal the truth about Saudi involvement in 9/11.
Yet what is perhaps not being mentioned by the media from this threat is the significance and even importance for not only the Saudi’s, but for other countries in using the threat of dollar dumping more often as a means to counter and protect themselves from the programs of economic sanctions and economic warfare that the U.S. uses regularly to force its will on these same nations under the guise of foreign policy.
For Saudi Arabia, they already have the case of their stolen gold by London to justify getting out of dollar denominated assets, or at the very least, getting any and all assets completely out of Western controlled banks. And if for some extraordinary reason the U.S. decided to reveal the Saudi’s direct involvement in the terror attacks of a decade ago through the dissemination of the classified documents hidden from the public, then once that genie is out of the bottle, the lawsuits that would come from 9/11 victims would assuredly lead to a freezing of Saudi assets to pay for their court judgments.
Because the U.S. currently controls nearly all mechanisms within the global financial system, they have embarked on policies which almost always begin with economic sanctions, and a freezing of assets for any nation it determines to be in opposition to the will of Washington, and of U.S. foreign policy agendas. And we still see this today in regards to nations like Russia and Iran, and in a more subtle way for most of the nations of Europe (through Fed swap lines).
The bottom line is that the U.S. has crossed the Rubicon one too many times by unilaterally inflicting economic warfare on any and all nations that do not cede to their will, and they have been able to do this through the petrodollar system originally created through a partnership with the House of Saud. But as both Russia and China have shown over the past four years, the effects of sanctions can be mitigated through strong coalitions that are willing to participate outside dollar hegemony, and even turn the tables on the U.S. by offering the world an alternative to the current dollar based financial system. And it appears that the Saudi’s know this, and know that it is now possible to break away from Washington at any time, and is part of the reason why Obama chose to ‘bow down’ to the royal family this week despite the growing movement demanding that the books be open, and that the hidden truth that remains a shadow over the attacks on 9/11 be revealed.