Deep US-Saudi rift over Egypt – Debka

Another must read from Debka.  These guys give a good inside scoop of what’s happening and explains why Mubarak is not stepping down and it’s not good,

The conversation between President Barack Obama and Saudi King Abdullah early Thursday, Feb. 10, was the most acerbic the US president has ever had with an Arab ruler, debkafile’s Middle East sources report. They had a serious falling-out on the Egyptian crisis which so enraged the king that some US and Middle East sources reported he suffered a sudden heart attack. Rumors that he had died rocked the world financial and oil markets that morning and were denied by an adviser to the ruling family. Some Gulf sources say he has had heart attacks in the past…

The king chastised the president for his treatment of Egypt and its president Hosni Muhbarak calling it a disaster that would generate instability in the region and imperil all the moderate Arab rulers and regimes which had backed the United States until now…

This could be a high impact event.  We’re getting long gold and oil as a hedge.  The U.S. is getting some bad intelligence. 


This entry was posted in Commodities, Crude Oil, Egypt, Energy, Geopolitical, Gold and tagged , , . Bookmark the permalink.

1 Response to Deep US-Saudi rift over Egypt – Debka

  1. Pingback: Saudi stocks flop, gold rocks as US weighs action in Libya | Global Macro Monitor

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