Home > Radical Islam, Wars and Rumors of War > Report: Well-Connected Saudi Businessman Says Saudi Arabia Is Planning To Bankrupt Iraq And Iran

Report: Well-Connected Saudi Businessman Says Saudi Arabia Is Planning To Bankrupt Iraq And Iran

Isaiah 21:1-2, “An oracle concerning the Desert by the Sea: Like whirlwinds sweeping through the southland, an invader comes from the desert, from a land of terror. A dire vision has been shown to me: The traitor betrays, the looter takes loot. Elam, attack! Media, lay siege! I will bring to an end all the groaning she caused.”

Instead of bankrupting, she will only provoke those who already hate her

By Matthew Boesler, Business Insider – “Barton Biggs, the storied hedge fund manager who runs Traxis Partners, recently had an interesting encounter recently over lunch with a Saudi businessman who explained to him the real motivations behind Saudi Arabia’s ramp up in oil production and why oil prices will likely continue to fall as a result for an extended period of time.

It’s all part of a plan hatched by the Saudi royal family, according to Biggs, who relays this conversation in a note just published by Itaú BBA. Biggs says he asked the man what his outlook for Saudi Arabia was in the medium and long term, and the man was particularly negative about this, even given the vast riches of Saudi Arabian oil wealth.

Here is what Biggs writes about his conversation with the Saudi man:

“You have to understand our geo-political equation and vulnerability,” he said calmly but intensely.

“Our two most dangerous enemies are Iraq and Iran. Both are Shia, and both are trying to destabilize the Arab world and our Sunni kingdom by funding terrorism. Our only weapons against them are our wealth and our oil. Their current vulnerability is their financial fragility. Their financial reserves are a fraction of ours, and they desperately need money to prop up their economies.

The ruling council has decided that over the next two years we have a brief window of opportunity to impoverish and weaken them by driving down the price of oil. Iraq and Iran need to produce and sell their oil at well over one hundred dollars a barrel. In the next twenty four months, we will gradually increase our production with the objective of breaking the price of crude down to sixty dollars a barrel.

The man also pointed out to Biggs the opportune timing of this plan from the Saudi standpoint:

“Don’t forget we have the wind at our backs because of Europe’s problems and the weak global economy. Under normal recessionary circumstances, we would be reducing production to maintain current prices. Instead, we will be flooding a weak market already suffering indigestion. You also should understand that Kuwait and the United Arab Emirates are with us. Royal families tend to stick together.””

Read more.

  1. 05/31/2012 at 3:17 PM

    This is a very important story, and fits like a glove the “Islamic Antichrist” end time paradigm.


  2. good4u
    05/31/2012 at 9:39 PM

    And especially “who” Mystery Babylon is…imo, Saudi Arabia of Revelation Chapter 17.


  3. ICA
    05/31/2012 at 10:05 PM

    Agree with you both.

    good4u, hopefully some of the folks over on the Fulfilled Prophecy forum will begin visiting the blog after the long discussion we all had. It would be good4them to begin considering other news reports and discussions from the “Islamic Antichrist” angle. :)


    • JJJHS
      06/06/2012 at 4:10 AM

      Good evening ICA and family. A while back, I started an OCD level study on Revelation 17 & 18 including charting out a few key terms, tracing their descriptions & usages in NT and OT. Do you believe that there are two different babylons as some explain or one babylon with two relevant sides? Some explain that there will be a commercial babylon and a religious babylon but two seperate locations/systems/people/etc; a “type” of babylon of each one. I admit I have to re-read it again – after reading notes and such I’ll post a few questions I had. Maybe you guys can add some understanding in this subject. I am going to dedicate Saturday to solely study the Word and most likely the subject matter in a few of these posts that I meant to do a few weeks ago. I usually read but study can get intense. Again, awesome detailed blog.


  4. Anonymous
    06/02/2012 at 7:45 PM

    I wonder what will happen if the Saudi economy starts to tank. Story here:


    This reinforces my gut feeling that all the end-time prophetic events are going to be “kicked-off” by a global economic collapse. Just re-read Habakkuk 2 and the entire chapter seems to be describing the conditions of the world at this very moment.



  5. Anonymous
    06/02/2012 at 7:50 PM

    BTW – good4u – just read that string on Fulfilled Prophecy.com. It’s refreshing to meet another prophecy watching sister! Not many of us out here. :) I totally agree that we tend to be dismissed by male church leaders. However, I have a deep down feeling that the Holy Spirit is waiting to “activate” us in the day and hour He has determined when fellow believers, male and female, will come to us with questions – wanting to understand what is happening in the world.

    AtHisFeet (AHF)


  6. Willard
    06/02/2012 at 11:04 PM

    AHF – James 5:1-6 also speaks of todays days v5 tells us when


  7. Anonymous
    06/02/2012 at 11:48 PM

    Willard – Amen. Reminds me of David Wilkerson’s vision (which is becoming more accurate by the hour) where he said it would go very badly for gold hoarders.



    • JJJHS
      06/11/2012 at 5:42 PM

      Love listening to DW & Carter Conlon


  8. 06/03/2012 at 1:13 AM

    Just re-read Habakkuk 2 and the entire chapter seems to be describing the conditions of the world at this very moment.


    Agree, and in particular, vss 6b-7:

    “Woe to him who increases what is not his—For how long—And makes himself rich with loans?

    Will not your creditors rise up suddenly, And those who collect from you awaken? Indeed, you will become plunder for them.”


  9. Willard
    06/03/2012 at 10:07 AM

    It is amazing that it has not yet all collapsed – I guess Gods time has not quite yet arrived – read the other day that there is at least 600 trillion in dirivitives waiting in the wings to crash – indeed the borrower is slave to the lender


  10. Anonymous
    06/03/2012 at 12:57 PM

    Kurt – That’s the verse that jumped out at me as well as I read it through. Get this – I looked up the word for “loan” in Strong’s and it is “nahas”, or serpent. I then looked up all of the instances of usage for this word and came across Eccl. 10:8, which says in part:

    “…whoever breaks through a hedge may be bitten by a serpent”.

    It is probably a reach, but it made me laugh to think that the primary driver for creating this derivative bubble is hedge funds. “Breaking a hedge” would be a massive margin call on all those hundreds of trillions out there by fed up creditors. At that point, those loans would indeed bite like a serpent. Of course, the “serpent” is also the one behind all of this evil greed.

    Willard – I agree. It seems like He is giving His people all the time possible to wake up and get prepared.



  11. Willard
    06/03/2012 at 3:47 PM

    Interesting on the Strongs explination of loan and hedge


  12. 06/03/2012 at 5:40 PM

    “…whoever breaks through a hedge may be bitten by a serpent”.

    Doesn’t the term ‘hedge fund’ derives directly from a hedge, which separates one property from another – a ‘hedge’ protects one investment or property from another? “Hedging your bet” means to wall it off from risk by investing in an opposite risk, but these investment and central banks are so far out over their skis with loans that are never going be repaid – they’ve breached the hedge, really eliminated it.

    The United States for one is in the actual position that it is lending more money to cover the loans that are coming due. How long can that last?

    I think you’ve dug into the Word and come out with a treasure.


  13. Anonymous
    06/04/2012 at 2:23 PM

    That’s exactly where the term “hedge” in hedge fund comes from. These funds are supposed to provide a “hedge of protection” around investors’ money. But, that is becoming an increasingly difficult thing to do in the current economic environment. Just saw this headline today:


    The only upside is that the temporary drop in commodity prices means things should be cheaper at the pump and at the grocery store (in theory) for a while. A window of opportunity to stock up the pantry and fill the gas tank before TPTB decide it’s time to once again prop up this dead horse by pumping liquidity into the markets – QE3 or whatever they want to name it. Of course, this will only further devalue the dollar and its purchasing power.

    You know, the reason I see all of this as so prophetically significant is because I believe we can trace the origins of the uprising in Egypt (at least in part) directly back to the shenanigans in the hedge fund markets. When regulations were relaxed on commodity trading, hedge fund managers started to speculate on the commodities markets like they were at a Vegas casino. This sent the price of such staple foods as wheat, corn and rice skyrocketing. To you and me, it maybe meant we paid an extra .50 cents for a loaf of bread, but for the poor citizen of Egypt, who spends 50% of their income just for food, it meant starvation. They finally took to the streets to force their leaders to do something about it. Meanwhile, the hedge funds made billions for their clients. And now we are watching the prophetic outcome of what was set in motion by these economic forces – Egypt is about to come under the tyranny of a “fierce leader” and suffer civil war (Isaiah 19).

    There is unbridled greed among the relatively few investors who can afford to play the hedge funds – they are literally “plundering the nations” as it says in Habakkuk. Of course, we know from Habakkuk that at some point the creditors are going to rise up “suddenly” and pop that derivative bubble. This event will take most by surprise, even those in the investment community, but we have the prophetic word to give us the heads up. This event cannot be far off.



  14. Willard
    06/04/2012 at 4:18 PM

    AHF – I agree with you totally and see the coming collapse more and more like the Days of Noah – Noah was locked into the Ark and within 7 days the fountains of the deep erupted. Christ referred to the days of Noah, Daniel in 9:26 said the end would come a flood, was Daniel thinking Noah?

    Christ also referred to Lot and James referred to the last days that the gold and silver would be corroded and eat your flesh like fire whatever that means ?? James 5:3 Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days

    Last week my wife went back to the farm and her home town to take care of her mother who just turned 91. While she was there the electrical power went off for more than 12 hours because of a sever electrical storm. While the power was off during that full time every business was shut down and doors locked because no one could do any financial transactions. The ATMs were down, gas pumps would not work, TV was down, internet was down, no cell phones, no water in the taps, nothing, she could not even buy a pack of chips.

    We are facing a terrible time just ahead of us and I think it is becoming quite clear that our banksters and corrupt politicians will have played a large part in bringing about the financial collapse.


    • JJJHS
      06/05/2012 at 11:00 PM

      Good points Willard


  15. 06/04/2012 at 5:30 PM

    Not even a pack of chips??!! It IS the apocalypse!

    May God have mercy on us when the electricity goes out or EMP goes off.


    • JJJHS
      06/06/2012 at 3:54 AM

      Does the Dorito UFO count as chips?


  16. Willard
    06/06/2012 at 3:02 PM

    I bought a 7200 Watt generator today ????


  17. 06/06/2012 at 3:05 PM

    The DOW is up 222 today everybody, you can relax.


  18. Anonymous
    06/07/2012 at 11:29 PM

    Yay. We’re saved. Except the market has nothing to do with reality anymore.

    Willard – Yeehaw!



    • 06/08/2012 at 1:21 AM

      Its a good indicator of the Federal Reserve Bank’s monetary policy!!


  19. Anonymous
    06/08/2012 at 2:12 AM

    True. All Ben had to do was drop the merest hint that there MIGHT be something LIKE QE somewhere down the line, and the ridiculous market takes off like a rocket. Gonna hit terra firma twice as hard when it comes down.



  20. JJJHS
    06/08/2012 at 3:42 PM

    What are the implications of the FED buying our own currency? The Fed is supposed to have bought our own to the tune of 1.6 Trillion in a very short time – BHO’s term.


    • 06/08/2012 at 5:04 PM

      Your Doritos will buy more dollars


      • JJJHS
        06/08/2012 at 10:19 PM

        So let me understand you correctly KJ. You are saying that Doritos are the mark of the beast? Without them we cannot buy nor sell? APOCALYPSE!!!

        *eats a dorito* (before they become forced)


        • ICA
          06/08/2012 at 11:54 PM

          Never, that delicious three-sided snack symbolizes the Trinity!


          • 06/09/2012 at 1:59 AM

            Of course, not only are they a single snack with three sides (3 in 1), but they are composed of orange color, zesty flavor and crunch, further evidence of tri-unity.

            I think if they hired me as their add consultant we would be banned in 50 countries right off the bat.


  21. Anonymous
    06/09/2012 at 3:05 PM

    You guys may be on to something. Doritos could become the barter coinage of the post-collapse economy. I’d better stock up.

    JJJHS – as for the Fed buying money. What they are actually doing is purchasing our own Treasury bonds, which is in effect buying our own debt or monetizing it. Every time they do this, it devalues the dollar a little more. While that keeps our boat floating a little longer, it sticks it to the other countries which have purchased U.S. debt via T-bills like China and Japan. We’re paying them back with devalued currency, so they are losing money on their investment. No one has EVER done this to the extent the U.S. has done in just the past four years. It’s like they have let a genie out of the bottle and can’t get it back in now. The whole economy is now dependent upon monetization – they can’t stop. At some point, as the scriptures point out, our creditors will have had enough of getting ******* by this government, and will cash in their T-bills. That’s when it is game over.



    • JJJHS
      06/10/2012 at 8:16 PM

      It was crazy anaonymous. Around a year ago (?), China was talking about doing the same monetization thing and then the media here went NUTS! Politicians were bringing up China’s human rights violations, etc..

      It is very complicated I agree. Living in the interconnected world, our petro-dollar is going to be less and less in demand if George Soros nailed it a few months ago, btw he said this was a controlled economic failure of a situation would lead to multi-lateral currency for oil exchanges. The Euro collpasing? … don’t know what to say. And the value of the dollar affects the price per bbl purchases in Europe as well. Too many backburners to keep track of minus insider speculation, back channel deals, and on and on.


  22. Willard
    06/09/2012 at 4:15 PM

    The world today has become a make belief world – the Presidency – the finacial systems – the entertainment – a lot food is artifical and like Solomon said – vanity, vanity all is vanity or as the NIV says meaningless all is meaningless. I cannot wait to see the Truth the real deal.


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