Purging opposition pays

The recent "knight of the long knives" in Saudi Arabia achieves a number of objectives, fulfilling various agendas. Clearly the Mohammad bin Salman faction has moved to eliminate potential rivals to their power but also seem to be conducting a confiscation program to replenish the kingdom's dwindling coffers.

Real Motive Behind Saudi Purge Emerges: $800 Billion in Confiscated Assets by Zero Hedge
From the very beginning, there was something off about Sunday’s unprecedented countercoup purge unleashed by Mohammad bin Salman on alleged political enemies, including some of Saudi Arabia’s richest and most powerful royals and government officials: it was just too brazen to be a simple “power consolidation” move; in fact most commentators were shocked by the sheer audacity, with one question outstanding: why take such a huge gamble? After all, there was little chatter of an imminent coup threat against either the senile Saudi King or the crown prince, MbS, and a crackdown of such proportions would only boost animosity against the current ruling royals further.

There are other agendas afoot, not least those of Israel. As was highlighted earlier this week; instability and uncertainty create opportunity.

Critical Thinking's critique of the political economy in the context of monetary reform (the 5th iteration of our analysis) was published, in the Islamic Economics Journal of King Abdulaziz University in Ryadh, in July 2017. The Islamic Economics Journal is currently unavailable on the university website which appears to be suspended or restricted. Whether this is a targeted restriction or just part of controlling the internet during the clampdown on opposition, only time will tell. Meanwhile, a scanned copy of the paper remains available on this website

We're obviously concerned about our friends in the economics faculty at the university but do not want to speculate here about the whys and wherefores of how they may be affected. Suffice to say we're monitoring the situation and awaiting news. Meanwhile, our thoughts are with them and their families.

Please register to post comments