When Politics ruin economy

in #politics6 years ago

The curious case of Jamal Khashoggi, a Saudi Arabian journalist, author and Washington Post columnist, who disappeared after entering the Saudi consulate office in Istanbul, and now, it is said he has been brutally killed by authorities inside the consulate.
Well, I'm not interested in politics, except the parts which interact with economy (and which parts are left?!)

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The story is complicated. not because this is the first time such thing happen, or not because it was more brutal than what China, N. Korea, Iran, Myanmar, Turkey and even US power holders has done to their critics and opposition. the story is more complicated because:

  • US is about to impose the heaviest sanctions on Iran, which will have an impact on Oil prices
  • Saudi is the key to decrease such impact by pumping more oil to the shore
  • Saudi is the biggest weapon customer for US and Trump really needs that hype in the media and economy

and if you get deeper to the issue:

  • Saudi's economy is very dependent on Oil and this was about to change

So the new King, Mohammad Bin Salman (MBS) started:

Davos in the Desert

An economy forum or summit, hosted by Ritz Carlton hotel, nicknamed “Davos in the Desert,” the conference has lofty aspirations as a magnet for financiers, corporate titans, technology executives, government leaders and media bigwigs.

But nowadays, The luxury hotel chain is silent over the alleged killing of Jamal Khashoggi as it gets ready to host the event for the Saudi government. This silence, starts behind these doors:

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But it is not seemingly to stop right there, as the crown prince (let's say King) of Saudi likes.

Saudi Arabian stock market (of a value of $450 billion) were dramatically down by 9% of its total value at the beginning of the week, as investors worried about the case of Khashoggi.

And international companies which were attendees in the event, are dropping out. companies like JPMorgan Chase, Ford, Uber, media companies like Financial Times, Bloomberg and The New York Times and the list goes on in to politicians from EU, US and UK.

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I don't think there is a time where politics and economy is not linked. There is zero altruism in politics it is simply a system for people who cannot generate value in the private sector to make themselves feel important by electing themselves as official spokespersons of the less fortunate for personal financial gain.

That kind of geed and grandeur will always lead to cases of foul play, anything to remain in power as long as possible, extract enough personal wealth and then move on.

I honestly do not care much for any kind of government and believe its a crutch keeping the world from running. Less government and more personal responsibility is what we need.

We need to stop thinking

  • Governments are in our best interests
  • Banks know how to better deal with our money than we do
  • Schools know better about teaching our kids than we do

The more control we take back the less influence these institutions can have

very well said. anything in the form of centralization gets corrupt and useless

hi @honarparvar

unfortunatelly history and present days are full of examples, where politics is destroying economy and people's lifes.

I can hardly imagine what would happend with world economy if EU will ever fall appart and all those politicians would start fighting with each other ....

hopefully EU remains the most mature community.

This kind of comeuppance was just waiting to happen to the KSA. The USA panders to them because they have oil. Arab countries pander to them because of Mecca and Medina. If it wasn't for these they may also be important from a geographic point of view in strategic defence, but that is about it. As we transition out of carbon based fuel they will have less money. The Saudi's dont manufacture anything of importance beyond oil. Once that ends, they are screwed. This pulling out business by companies will speed this process.

actually the Davos in the Desert was about solving this problem! bringing economy giants to the desert to make a sustainable economy hub. a new Singapore! but they don't really know, Singapore has proven to the world community, that people care about freedom of speech, respecting others' beliefs and ideas and not enforcing everyone to accept your ideology. this simple fact is missing by the young crown prince.

Didn't he want to create that mega city on the red sea that would have completely different laws then the rest of the country?

I have heard things, but don't have in depth information and have no interest in it!
what interests me, is central powers and governments to understand and accept the importance of our mindset and appreciation for their responsibility at power.

very bad for USA and Saudi Arabian

and for humanity

What a terrible story....

I would suggest you learn more about "journalist" Jamal's mentor (Turki bin Faisal Al Saud, Head of Saudi intelligence and CIA partner), Jamal's uncle, Adnan, the largest weapons, drugs and human trader of the '80's and Jamal's youthful comrades in the Muslim Brotherhood, like Osama bin Laden.

It appears to me that bin Salman is trying to purge Saudi Arabia of the Muslim Brotherhood and vice versa. Journalist Jamal was a CIA/Saudi cut-out who supported the MB, so it is curious to me why our veinstream media is trying to portray this guy (pictured below holding a Stinger missile with his Mujahideen pals) as a friend to Democracy. My guess is that Jamal's "disappearance" is making Gulen a little nervous in his Muslim Brotherhood compound in the hills of Pennsylvania. There is a much-bigger picture to all of this--but don't expect your media to tell you about it!

https://www.frontpagemag.com/fpm/271623/jamal-khashoggi-media-fights-muslim-brotherhood-daniel-greenfield

non of his past acts and believes and current oppositions, deserve a brutal revenge on him!

so I disagree with you 👎

Again, I suggest you do some research on what a good guy Journalist Jamal was before he started "writing" for the CIA-controlled Washington Post. Start with Turkey's Sibel Edmonds:

It surprises me that you would support a CIA operative posing as a journalist. Then again, maybe you know John Brennan's boys supplied those Stingers.

i do not support him!
i oppose stupid dictators like MBS

I don't know what's good for Saudi people, but I know what is bad for every nation, and that's dictatorship.

how poor are people of a country which their country's name is one family?! if I were an Arab, I preferred to be able to say I live in Arabia, not Saudi Arabia.

ALL countries are owned by a few families, whether their governments pose as Communists or democracies, and they all share disturbing fascist ideologies and behavior. If Americans think they live in a constitutional republic, they seem to be missing the fascist surveillance state that set up shop in America under the guise of national security (not to mention the Citizens United Supreme Court decision).

I believe to understand the dynamics of economics, politics and history, there are two key rules one needs to follow:

  1. Understand that history and our current narrative is written by the "winners;" politics, education and the media have always been controlled by the wealthy families.

  2. Because everything is controlled by a few wealthy families ("winners" like the Payseur and Rothschild families, for example), the best way to get closer to the truth about a situation is to "follow the money."

Most of the "analysts" giving financial advice here and elsewhere seem to ignore that they are trying to analyze and "game" the world's largest Ponzi scheme--the central banks (which are owned by the wealthy families)--when they have no control over the flow of money.

The great tragedy of our species is that we seem to believe that there is no better alternative to the way we live and work together--we've been groomed by our venal owners to accept the ways of the world. Unless people start becoming aware of those who are really in control, we are doomed to keep repeating the horrific history that the "winners" have written for us.


https://steemit.com/history/@superunknown/rockefeller-medicine-the-corbett-report