SATISH SHARMA - not just Rotigraphy.: The Gulf states have read the writing on the wall. Paying a protection racket to real military powers is their attempt to escape the coming looting of the imperial system.

https://x.com/apocalypseos/status/2088394345934369001

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Alex Krainer (@NakedHedgie
) explains why Saudi Arabia, after watching the West freeze nearly $300 billion of Russian assets, is now paying a protection racket to Turkey and Pakistan. The Gulf states understand their own trillions in Western-held sovereign wealth are next. The new alliance is not about defending Israel—it is about acquiring new protectors before the imperial system loots everything. Host Zulfikar, who has direct access to the relevant deliberations, confirms the assessment as simply “protection money.”

Krainer:

“Everybody saw how the Western powers didn’t hesitate a moment to freeze almost 300 billion dollars’ worth of Russian assets in the Western financial institutions. If they are brazen enough, if they are ruthless enough to do this to the number-one nuclear power in the world, then what is Saudi Arabia to them? It’s nothing. It’s a maggot they will squash whenever they choose to do so.

Saudi Arabia not only has far more than Russia—last I looked they had something like 800 or 900 billion dollars in direct assets in the United States—but they also have these enormous sovereign wealth funds. The combined assets of the Saudi, UAE, Qatari, Bahraini and Kuwaiti sovereign wealth funds in the West are something close to five trillion dollars. One thing we can take as a near-100% certainty is that before the Western empire fails, it is going to loot all of that money and take it for its own ends.

After Ukraine and after what they did to Russia, these rulers may be corrupt, they may be brutal, they may be ruthless and oppressive, but they are not stupid. They see the writing on the wall. They see what is coming their way.

The way I interpret this new alliance between Pakistan, Turkey and Saudi Arabia is that Saudi Arabia is deciding to pay a protection racket to Turkey and Pakistan. Two of these three nations are major military powers; one of them is a pipsqueak. Why would Pakistan and Turkey sign an alliance with Saudi Arabia—an attack on one is an attack on all? If somebody attacks Turkey, is Saudi Arabia going to come to their aid? That’s a joke.

I think the Saudis initiated this by saying: we are already screwed. We are going to get skinned alive. All our sovereign asset funds—we are probably never going to see them again. So what we can do is, since you are already at least on paper allied with the United States, you can become our protectors. We will pay you for it with these funds that are in the United States.

If we say ‘send us a trillion dollars,’ Trump is going to say no—why don’t we send you a trillion dollars’ worth of Patriot missiles that we will deliver in 2046? But if Turkey or Pakistan say ‘send us a trillion dollars,’ the United States may have to send the money.

Saudi Arabia gets new protectors, and these new protectors get some of the Saudi money.”

Zulfikar:

“Alex, a lot of nonsense has been said about this, but you have cut to the chase. You have uttered the words that are the truest words describing what has just taken place. I say this sitting in a position where I have actually listened to the deliberations between people who put their names on the piece of paper. I am that close to the scene. Exactly what you have said is the truth. It is very simple. Saudi Arabia is buying protection. It is protection money. Easy, very simple to understand. And Saudi Arabia watched with great dismay the destruction of the United States by Iran—under 50 years of sanctions.”

The Gulf states have read the writing on the wall. Paying a protection racket to real military powers is their attempt to escape the coming looting of the imperial system.