The Yemen Civil War is an ongoing conflict that began in 2015 between two factions. Each is claiming to constitute the Yemen government. This is really a proxy war between Saudi Arabia and Iran. The Houthi forces control the capital Sana’a who are allied with forces loyal to the former president Ali Abdullah Saleh backed […]
The turmoil in the Middle East has been instigated in part by fiscal mismanagement. When the money was rolling in with high oil prices, it was assumed, as always, that whatever trend is in motion will remain in motion. Consequently, the government expanded their spending assuming money would continue to flow in. When oil broke, […]
We have a lot of turmoil going on in Saudi Arabia. There has been the arrest of various princes and people who have been allegedly squandering money. We have the prospect of selling off the oil giant ARAMCO. We have had the ostracization of Qatar on allegations that they are supporting Iran.Now we have the line […]
Iran has a very rich history that lends itself to tremendous insight into the long-term future of the Middle East. It was Cyrus the Great who conquered Lydia which was the birthplace of money issued by the state. The Persians adopted the practice and then continued to produce coins with the same design as the […]
QUESTION: I read your blog about the Saudi’s potentially selling a large private equity position from China in Aramco rather than accessing the public markets. You have pointed out the need for the Saudi’s to modernize their economy to be less dependent on oil income and to monetize that resource for capital improvements/diversification, but how […]
According to local sources in the Middle East, financial difficulties in Saudi Arabia may see a cash injection coming for its oil industry – Aramco. The Saudis are considering a private placement of its shares instead of a traditional float of shares on the stock exchange. The buyer is of course China. Saudi Aramco has been considering the international […]
Qatar is known for its ultra-modern architecture. In this respect, Doha is something to be viewed at least once in life. However, Qatar is a strict religious country that follows sharia law, in which homosexuals and adulterers face a possible death penalty, life imprisonment, or flogging. Qatar is a Salafi version of Sunni Islam, which […]
QUESTION: Mr. Armstrong I live in Israel and today I listened to your podcast with Macrovoices. At some point you mentioned that there is more oil in Golan heights than in Saudi Arabia -and this oil belongs to genie energy. Is it true? How can it be that nobody knew nothing about this in Israel? […]
China continues to sell US Treasury bonds trying to keep the dollar down to aid the Federal Reserve. Saudi Arabia, however, has been in a different position having to liquidate US Treasury holdings for they are is a serious financial crisis. September shows a modest sale of $46 billion dollars. Private investors sales were $7.9 […]
QUESTION: Mr. Armstrong; You have been warning that we are in an upward trend now for civil unrest which includes coups to revolutions as distinguished from a foreign war or invader. At the Berlin cocktail party last year you said Turkey was a risk for the risk in civil war. You said it should begin […]
