Thursday, April 29, 2010

What Does Saudi Money Buy?

In a word, it buys influence. Influence on campus, where Saudi shekels have bought up entire Middle East departments so that the Arab/Muslim narrative will prevail. Influence in media; see FOX News, now partly owned by a Saudi moneybags and thus understandably reluctant to criticize matters Islamic. Influence in the financial sector via sharia banking (which is far more apartheid in practice than anything to do with Israel). Influence in matters religious and ideological, since it funds mosques and madrassahs galore. And now--now--Barack Insein Obama, the stupidest smart president ever, wants the Saudis to become even more involved in the American economy and the Saudis, no surprise, are saying, "Great, where do we sign up?" Here's the Arab News report on how it's going down in--perfect location--Chicago:
...While the forum's theme of "The US and Saudi Arabia: A New Economic Order" was elaborated through a variety of lenses and business perspectives, the subtext of each panel's presentations was the recent global financial crisis and how the messages of that catastrophe have served to catalyze the need for increased communication and cooperation.
The morning panels glittered with heads of ministries and international corporations. Among the speakers on a variety of topics that included "Global Energy Interdependence, Global Responsibilities" and "Expanding US-Saudi Trade in a Competitive World" were Finance Minister Ibrahim Al-Assaf, Petroleum and Mineral Resources Minister Ali Al-Naimi, Capital Market Authority Chairman Abdul Rahman Al-Tuwaijri, former US Secretary of Commerce William Daley, Morgan Stanley's Richard Debs, J.P. Morgan Chase's Sir Andrew Crockett, GE's Ferdinando Beccalli, Chevron's John S. Watson and Acconia Energy's Peter DePrey.

Minister of Commerce and Industry Abdullah Zainal Alireza, CEO of the Arab-British Chamber of Commerce Afana Al-Shuaiby, James Albaugh of Boeing and US Secretary of Commerce Gary Locke spoke of the long relationship between the US and Saudi Arabia and how these two powerful and influential countries must partner even more extensively to strengthen the global economy.

The same underlying themes were expressed by each speaker: The need to diversify, the need to embrace the concepts of sustainability and environmentally friendly practices, the need for a firm stance against protectionism, and the recognition that the private sector is a vital part of the world economy - a rising tide that will lift all boats.

While they all recognized that challenges still exist that must be faced and overcome, including the still-fragile global economic recovery, they clearly felt that this forum truly marks a new chapter in US-Saudi Arabian friendship and a newly strengthened resolve to work together for prosperity and peace.
Saudi-style "progress"; Saudi-style "peace."

1 comment:

Jim R said...

O is still a 'community organizer'. Unfortunately for the free world, he is now a 'world organizer'.

Naive and dangerous are the operative words for this.