US Reveals Saudi Treasury Holding for the First Time in 41 Years

[Lauren Johnson]

I haven't had a chance to listen to Corbett's show.
I am wondering why the decision to publicise now. Is it meant to put some sort of pressure on the Saudi's by going public? A breaking of the gentlemen's agreement?
Obviously some Saudi insiders would know this information but if I were a regular Saudi I would be furious with the House of Saud hoarding so much money given the bad state of the local economy.

He says that the old petrodollar order is breaking up along with the nice, comfy Saudi-US relationship, and that a new mechanism is being put in place.

For me, the new mechanism is almost certainly the new crack down on offshore tax havens (hence the Panama Papers) and thus forcing the flow of surplus wealth of the world's wealthy to be sent to the 4 US tax haven states that have been prepared in advance for this inflow. In other words, the world's hot money, crook money is now to be used to keep the US dollar afloat. I think it was William Engdahl who recently opined that the US petrodollar hegemony period is being replaced by the US narcodollar hegemony -- and I think this is highly likely.

I recall in a discussion about bitcoins a few months ago how they would be perfect for drug money laundering. Also I watched Deep Web, a documentary about The Silk Road and the man who invented it and is now serving a life sentence. Hmmm. Makes me wonder.

Rather than a gold based or oil based currency, it now may have found the most fiendishly brilliant backing for a currency. The desire for drugs is infinite.