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Saudi Government Wants $6 Billion For al-Waleed’s Freedom

In case you were wondering what the going-rate was for one of the world's richest men's freedom… it's $6 billion… in unencumbered cash (not Bitcoin). That is the price that Saudi authorities are demanding from Saudi Prince al-Waleed bin Talal to free him from detention. The 62-year-old prince was one of the dozens of royals, […]


Detained Saudi Prince Buys His Freedom For $1 Billion

One day you were the billionaire head of the National Guard in one of the world’s most brutal dictatorships. Although that carries some risk, you were probably reassured by your position as a senior prince in the ruling family, never mind your strong ties to the US military… oh and of course the many zeros […]


Alwaleed Bin Talal Reportedly Hung Upside Down And Beaten By US Mercenaries

Crown Prince Mohammed bin Salman must be worried that some of the royals rounded up during his “corruption crackdown” cash grab are holding out on him. Because the Saudi prince has reportedly hired a crew of American mercenaries who haven’t hesitated to employ an array of “enhanced interrogation” techniques. As the Daily Mail reports, mercenaries […]


Saudi Purge Claims Its Latest Corporate Victim As Kingdom Holdings Sees $1.3 Billion Bank Deal Collapse

For the past couple of weeks we’ve written frequently about the sudden political turmoil in Saudi Arabia that resulted in two Saudi princes being killed in a span of just 24 hours and dozens others being detained on charges of corruption while having their bank accounts frozen.  Here are couple of our most recent background […]


Saudi Arabia Offers Arrested Royals A Deal: Your Freedom For Lots Of Cash

As we noted shortly after the Crown Prince’s purge of potential rivals within Saudi Arabia’s sprawling ruling family, while the dozens of arrests were made under the pretext of an "anti-corruption crackdown", Mohammed bin Salman’s ulterior motive was something else entirely: Replenishing the Kingdom’s depleted foreign reserves, which have been hammered for the past three […]


Real Motive Behind Saudi Purge Emerges: $800 Billion In Confiscated Assets

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 […]


Saudi Purge Goes Nuclear: Over 1,200 Bank Accounts Frozen

One day after we reported that Saudi Arabia has started to freeze the accounts of the dozens of arrested royals, ministers and businessmen, in the process allowing Mohammed bin Salman to further cement control over the Kingdom, the Kingdom has taken its “money laundering” crackdown to the next level and on Tuesday, Saudi banks have […]


Making Sense Of Saudi’s ‘Game Of Thobes’

Authored by Jamal Elshayyal via Al-Jazeera, Was Saturday a "Red Wedding" moment for the Kingdom of Saudi Arabia? As the plot thickens in Riyadh, here's a roundup of the chatter on the streets… It started off with the resignation of Lebanese Prime Minister Saad Hariri, a clearly orchestrated move produced and executed by his paymasters […]


Trump Defends Saudi Actions: “Some Have Been Milking Their Country For Years”

President Trump is up bright and early in Asia this morning and just unleashed two rather pointed tweets in the direction of Saudi Arabia. Having commented during the day on the success of America's missile-defense system in the attack on Riyadh that was intercepted, President Trump had been quiet on the 'civil war' going on […]


Saudi Arabia Is About To Confiscate $33 Billion From Four Of Its Richest People

Earlier today, when discussing the Saudi bank account and asset freeze (and confiscation) of dozens of princes and ministers, we said that just the haul of billionaire prince Alwaleed’s $19 billion in various holdings, including nearly a billion dollars in jewelry, plans, yachts, furniture and cash… … would be an efficient way of refilling Saudi’s […]


Saudi Banks Begin Freezing Accounts Of Arrested Royals, Private Jets Grounded

Two days after the most stunning purge in recent Saudi history, the so-called “anti-corruption probe” – which was really a countercoup – that led to the arrest of dozens of Saudi Arabian royals, ministers and businessmen allowing Mohammed to further cement control over the Kingdom, appeared to be widening on Monday when, as Reuters reports, […]


Oil Jumps To $56, Highest Since July 2015 On Saudi Turmoil, Venezuela Default

With the launch of electronic trading, WTI crude has jumped from the highest close since July 2015 amid Saudi turmoil which over the weekend included a crackdown on 11 Saudi princes – including billionaire Alwaleed – and dozens of current and former ministers as Saudi Crown Prince Mohammed bin Salman, i.e. MbS, who’s backed policy […]


“We’ll See Some Initial Panic”: World Reacts To Billionaire Alwaleed’s Stunning Purge

A shocked world is gradually responding to the stunning news of the Saudi “countercoup” purge that took place overnight – the second in six months –  and which led to the arrest of 11 princes, 38 current and former senior officials on corruption charges from a newly established anti-corruption committee headed by Crown Prince Mohammed […]


Bitcoin Tumbles After Saudi Prince Calls Crypto – “Enron In The Making”

Another day, another elite with a petrodollar ax to grind denigrates crytpocurrencies. This morning's prognosticator was Saudi Arabian Prince Alwaleed bin Talal Al Saud who told CNBC… "I just don’t believe in this bitcoin thing. I think it’s just going to implode one day. I think this is Enron in the making."   "It just doesn’t make […]