RUSSIA REPLACING U.S.A. AS SAUDI PARTNER!!!

Submitted by: Donald Hank

First, we learned that the RMB was about to challenge the dollar as an instrument of world power, as explained here http://www.renewamerica.com/columns/hank/141219

The we learned that China had become the no. 1 economy in the world.

Then we learned that almost all of the US's allies had jumped the World Bank ship and joined the Chinese AIIB http://inquiringminds.cc/world-bank-cant-compete-with-chinese-aiib-don-hank

The above linked article mentions that Saudi Arabia was one of the founding members of the AIIB. Why is this important?

Because ever since the signing of the petrodollar agreement in 1973, the Saudis were literally propping up the US dollar, as explained here http://www.renewamerica.com/columns/hank/150314

NOW comes a momentous warning to the hegemons in Washington, DC. The Saudis, who had already signaled that they may not continue to prop up the dollar, have inked 6 oil deals with Russia, and it looks like they will soon be floating oil prices to meet real market prices, ending a price war that was harming Russia (whether intentionally or not):

Now comes another piece of really bad news for the Washington elites:

The Saudis, under their new king, have reversed their foreign policy, and while it may be premature to say this, Russia (along with China) could be replacing the US as their favored trading partner.

The big question is:

What will happen to the US dollar if the Saudis kick the props out from under it?

Many Americans completely ignore foreign policy because they erroneously think it does not affect theri lives. This is a monumental mistake. Turning foreign policy over to the crooked politicians for decades has put us in a vulnerable position that looks poised to affect the dollars in your pocket and your savings account.

Jesus commanded us to be wise. Wisdom cannot come without knowledge. When you ignore God's commands, there are consequences.

Don Hank

http://uk.reuters.com/article/2015/06/19/uk-saudi-russia-nuclear-idUKKBN0OZ10R20150619

Saudi Arabia, Russia sign nuclear power cooperation deal

KHOBAR, SAUDI ARABIA

Russia's President Vladimir Putin (R) toasts with Saudi Arabia's Ambassador to Russia Abdulrahman Al-Rassi after receiving a diplomatic credential from him during a ceremony at the Kremlin in Moscow, Russia, May 28, 2015.

REUTERS/SERGEI KARPUKHIN

Saudi Arabia and Russia have signed an agreement to cooperate on nuclear energy development, a Saudi government body in charge of such projects said.

The government body, the King Abdullah City for Atomic and Renewable Energy, announced the cooperation deal on its website on Thursday but gave no further details.

Saudi-owned al-Arabiya TV, citing unnamed sources, said the kingdom planned to build 16 nuclear reactors in which Russia would play a significant role in operating them.

The Saudi atomic and renewable energy body has already signed nuclear cooperation deals with countries able to build reactors, including the United States, France, Russia, South Korea, China and Argentina.

It is not clear if this new deal, announced on Thursday, will take cooperation with Russia to a more advanced level.

Saudi Oil Minister Ali al-Naimi was due to meet his counterpart Russian Energy Minister Alexander Novak in St Petersburg on Thursday to discuss a broad cooperation agreement.

In 2012, Saudi Arabia said it aimed to build 17 gigawatts (GW) of nuclear power by 2032 as well as around 41 GW of solar capacity. The oil exporter currently has no nuclear power plants.

Nuclear and solar power stations would reduce the diversion of Saudi Arabia's oil output for use in domestic power generation, leaving more available for export.

(Reporting by Reem Shamseddine. Editing by Jane Merriman)

About-Face! Saudi Arabia and Russia Ink Six New Deals, Embark on New 'Petroleum Alliance'

Under the leadership of a new king, Saudi Arabia is reversing course on its Russia policy from 2014

 

Putin and Deputy Crown Prince Muhammad bin Salman

In Riyadh, there’s a new king in town; and he is a very different man than his brother before him. After shaking up the government and replacing the heads of Saudi Arabia’s two corporate behemoths (SABIC & Saudi Aramco), his new majesty seems to have the right people in place to carry out what seems to be an entirely new set of policies.
Case in point was this past Thursday’s meeting in St. Petersburg where President Putin received the Deputy Crown Prince and Saudi Defense Minister Muhammad bin Salman (son of the king), along with Foreign Minister Adel al-Jubeir and the all-powerful Oil Minister Ali al-Naimi. The two sides signed a total of six new cooperation agreements that included the nuclear and military spheres. 
The delegations also took the opportunity to address ways to improve bilateral relations, particularly in the fields of technical cooperation, housing, oil and gas, and investment opportunities.
From the Saudi delegation, the real power in the room was of course the vaunted Oil Minister Ali al-Naimi, who sounded quite confident about a rise in the price of oil in the near future. Naimi was quoted as saying, “I am optimistic about the future of the market in the coming months in terms of the continuing improvement and increasing global demand for oil as well as the low level of commercial inventories.” This, the minister said, “is expected to improve the level of prices.” 

Naimi went on to praise the enhanced bilateral cooperation between Riyadh and Moscow, stating that, “This, in turn, will lead to creating a petroleum alliance between the two countries for the benefit of the international oil market as well as producing countries and stabilizing and improving the market.”
A ‘petroleum alliance’ between Saudi Arabia and Russia to stabilize the global oil market? It sounds unlikely, particularly with all the talk about the U.S. and Saudi Arabia secretly agreeing to collapse Russia’s economy by crashing the price of oil in 2014, not to mention how the two countries diametrically oppose one another on issues such as Syria, Iran, and Yemen.
But again, Saudi Arabia is under new leadership and is not the same country it was a year ago. The delegation sent to Russia this past week was of the very highest level, and the fact that the statement was given directly by Mr. Naimi, as opposed to some all-too-common ‘senior official’ or ‘unnamed source’, speaks volumes.
Naimi - the redoubtable 80-year-old boss of Arabian black gold - is a living legend in the Kingdom (he started his career in the oil business at the age of 11), and wields more power there than anyone except the king himself. Statements from him on Saudi energy policy are not thoughts or opinions. Rather, they are facts and policies; and they would never be stated without the explicit approval and authority of the king. Put simply, Mr. Naimi just announced a new direction in Saudi Arabian foreign policy.    
This is just the beginning of a new chapter in Saudi-Russian relations. During his meeting with President Putin, Prince Muhammad publicy announced that his father had offically invited the Russian president to the Kingdom, stating, “I have the honor to pass on an invitation to visit the Kingdom of Saudi Arabia, as we regard Russia as one of the important states in the contemporary world, and our relations have roots in the past.”
Mr. Putin accepted the king’s invitation to visit the Gulf state and in turn announced that he had invited the king to Moscow, which the deputy crown prince confirmed had been accepted. These meetings, if and when they take place, will be events to be followed very closely.