Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Why Most Investors LOST Money by Investing in ARK FUNDS - 27th Jan 22
The “play-to-earn” trend taking the crypto world by storm - 27th Jan 22
Quantum AI Stocks Investing Priority - 26th Jan 22
Is Everyone Going To Be Right About This Stocks Bear Market?- 26th Jan 22
Stock Market Glass Half Empty or Half Full? - 26th Jan 22
Stock Market Quoted As Saying 'The Reports Of My Demise Are Greatly Exaggerated' - 26th Jan 22
The Synthetic Dividend Option To Generate Profits - 26th Jan 22
The Beginner's Guide to Credit Repair - 26th Jan 22
AI Tech Stocks State Going into the CRASH and Capitalising on the Metaverse - 25th Jan 22
Stock Market Relief Rally, Maybe? - 25th Jan 22
Why Gold’s Latest Rally Is Nothing to Get Excited About - 25th Jan 22
Gold Slides and Rebounds in 2022 - 25th Jan 22
Gold; a stellar picture - 25th Jan 22
CATHY WOOD ARK GARBAGE ARK Funds Heading for 90% STOCK CRASH! - 22nd Jan 22
Gold Is the Belle of the Ball. Will Its Dance Turn Bearish? - 22nd Jan 22
Best Neighborhoods to Buy Real Estate in San Diego - 22nd Jan 22
Stock Market January PANIC AI Tech Stocks Buying Opp - Trend Forecast 2022 - 21st Jan 21
How to Get Rich in the MetaVerse - 20th Jan 21
Should you Buy Payment Disruptor Stocks in 2022? - 20th Jan 21
2022 the Year of Smart devices, Electric Vehicles, and AI Startups - 20th Jan 21
Oil Markets More Animated by Geopolitics, Supply, and Demand - 20th Jan 21
WARNING - AI STOCK MARKET CRASH / BEAR SWITCH TRIGGERED! - 19th Jan 22
Fake It Till You Make It: Will Silver’s Motto Work on Gold? - 19th Jan 22
Crude Oil Smashing Stocks - 19th Jan 22
US Stagflation: The Global Risk of 2022 - 19th Jan 22
Stock Market Trend Forecast Early 2022 - Tech Growth Value Stocks Rotation - 18th Jan 22
Stock Market Sentiment Speaks: Are We Setting Up For A 'Mini-Crash'? - 18th Jan 22
Mobile Sports Betting is on a rise: Here’s why - 18th Jan 22
Exponential AI Stocks Mega-trend - 17th Jan 22
THE NEXT BITCOIN - 17th Jan 22
Gold Price Predictions for 2022 - 17th Jan 22
How Do Debt Relief Services Work To Reduce The Amount You Owe? - 17th Jan 22
RIVIAN IPO Illustrates We are in the Mother of all Stock Market Bubbles - 16th Jan 22
All Market Eyes on Copper - 16th Jan 22
The US Dollar Had a Slip-Up, but Gold Turned a Blind Eye to It - 16th Jan 22
A Stock Market Top for the Ages - 16th Jan 22
FREETRADE - Stock Investing Platform, the Good, Bad and Ugly Review, Free Shares, Cancelled Orders - 15th Jan 22
WD 14tb My Book External Drive Unboxing, Testing and Benchmark Performance Amazon Buy Review - 15th Jan 22
Toyland Ferris Wheel Birthday Fun at Gulliver's Rother Valley UK Theme Park 2022 - 15th Jan 22
What You Should Know About a TailoredPay High Risk Merchant Account - 15th Jan 22

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Ron Paul - Saudi Arabia Insists that the U.S. Fight its Battles, a Welcome Reset

Politics / US Politics Oct 28, 2013 - 09:11 AM GMT

By: Dr_Ron_Paul

Politics

Last week it was reported that Saudi Arabia decided to make a "major shift" away from its 80 years of close cooperation with the United States. The Saudi leadership is angry that the Obama administration did not attack Syria last month, and that it has not delivered heavy weapons to the Syrian rebels fighting to overthrow the Assad government. Saudi Arabia is heavily invested in the overthrow of the Assad government in Syria, sending money and weapons to the rebels.


However, it was the recent diplomatic opening between the United States and Iran that most infuriated the Saudis. Saudi Arabia is strongly opposed to the Iranian government and has vigorously lobbied the US Congress to maintain sanctions and other pressure on Iran. Like Israel, the Saudis are fearful of any US diplomacy with Iran.

This additional strain in US/Saudi relations came at the 40 year anniversary of the Arab oil embargo of the US over its support of Israel in the 1973 Yom Kippur war. At the time, the embargo caused quite a bit of trouble for Americans, including gas shortages and long lines at the filling stations. A repeat of this move, however, would not have the same effect on the US economy. Though it would not be desired, these are not the 1970s and oil is now a more fungible commodity no longer solely in Arab hands.

Why does Saudi Arabia insist that the United States fight its battles? The Saudis are strongly opposed to the governments in Syria and Iran so they expect the US to attack. It is their neighborhood, why don't they fight their own wars? Israel shares the same position in the region as Saudi Arabia: it has been fighting to overthrow Assad in Syria for years, and Israeli leadership constantly pushes the US toward war on Iran. They are both working on the same side of these issues but why do they keep trying to draw us in?

We have unwritten agreements to defend Saudi Arabia and Israel, which keeps us heavily involved militarily in the Middle East. But when the US becomes so involved, we are the real losers -- especially the American taxpayers, who are forced to finance this global military empire. Plus, our security guarantee to Saudi Arabia and Israel creates a kind of moral hazard: there is little incentive for these two countries to push for more peaceful solutions in the region because the US military underwrites their reckless behavior. It is an unhealthy relationship that should come to an end.

If Saudi Arabia and Israel are so determined to extend their influence in the region and share such similar goals, why don't they work together to stabilize the region without calling on the US for back-up? It might be healthy for them to cooperate and leave us out of it.

One of Osama bin Laden's stated goals was to bankrupt the US by drawing it into endless battles in the Middle East and south Asia. Unfortunately, even from beyond the grave he continues to successfully implement his policy. But should we really be helping him do so? If Saudi Arabia wants to pull back from its deep and unhealthy relationship with the United States we should welcome such a move. Then we might return to peace and commerce rather than sink under entangling alliances.

Dr. Ron Paul
Project Freedom

Congressman Ron Paul of Texas enjoys a national reputation as the premier advocate for liberty in politics today. Dr. Paul is the leading spokesman in Washington for limited constitutional government, low taxes, free markets, and a return to sound monetary policies based on commodity-backed currency. He is known among both his colleagues in Congress and his constituents for his consistent voting record in the House of Representatives: Dr. Paul never votes for legislation unless the proposed measure is expressly authorized by the Constitution. In the words of former Treasury Secretary William Simon, Dr. Paul is the "one exception to the Gang of 535" on Capitol Hill.

Dr. Ron Paul Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in