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nuckin_futz

Saudi Arabia declares oil price war on fellow OPEC (and non OPEC)members.

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2 minutes ago, Warhippy said:

Our only saving grace will be how much gold is listed on our index.  This run will lead to a stampede for gold/silver of which we list more than most stock markets.  The yoyo effect over the next week will be interesting to see

You may be right, but in the meantime silver is the biggest most unloved turd I have ever seen.

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12 minutes ago, Warhippy said:

This is about as stupid as blaming all of this current issue on trudeau.

 

When you sound dumb you sound dumb

I find it funny people want to blame all this on each other. Not like this is in any of our politicians control. Like what's Trudeau supposed to do? Go tell Putin and Saudis to stop sinking the oil prices? Stuff out of his control I'm just hoping they can figure stuff out and find a way to weather this storm and keep Canada afloat and dont sink us further

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Jeez, who would have thought putting all your eggs in a volatile basket was a bad idea.... 

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https://www.msn.com/en-ca/news/world/saudi-princes-detentions-sent-a-message-dont-block-my-path-to-the-throne/ar-BB10V5HN?li=AAggNb9

 

MBS is on a roll. Or is it mission?

 

Quote

 

Saudi princes' detentions sent a message: don't block my path to the throne

 

DUBAI (Reuters) - Saudi Arabia's crown prince meant to send a strong message to critics within the royal family by detaining senior princes this weekend: Don't you dare oppose my succession to the throne.

 

The main target in the crackdown, sources said, is King Salman's brother, Prince Ahmed bin Abdulaziz, one of only three members of the Allegiance Council, the royal body that endorses the line of succession, to oppose Mohammed bin Salman becoming crown prince in 2017 in a palace coup.

Four sources with royal connections said the move aimed to ensure compliance within the ruling Al Saud family, in which there have been rumblings of discontent, ahead of an eventual succession upon the king's death or abdication.

One of the sources described the detentions as a preemptive effort to ensure Prince Mohammed's "ascent will be rubber stamped by the Allegiance Council when the time comes".

Ahmed, 78, was detained on Friday along with Mohammed bin Nayef, who was crown prince until he was ousted in 2017 and replaced by Mohammed bin Salman. Ahmed's son Nayef and Mohammed's brother Nawaf were also detained, said two other sources with royal connections.

The princes have been held at royal villas in the capital Riyadh and some were allowed to contact their families, those sources said.

Muhammad bin Nayef et al. that are talking to each other: Saudi Crown Prince Mohammed Bin Nayef, the interior minister, arrives at the 34rd session of the Council of Arab Interior Ministers in Tunis.© Reuters/Zoubeir Souissi Saudi Crown Prince Mohammed Bin Nayef, the interior minister, arrives at the 34rd session of the Council of Arab Interior Ministers in Tunis.

Crown Prince Mohammed, who has moved ruthlessly to tighten his grip on power, feared disaffected princes might rally around Ahmed and Mohammed bin Nayef as potential alternatives to take the throne, said two of the sources with royal connections, and a senior foreign diplomat.

"This is a preparation for transferring power," said one of those sources. "It is a clear message to the family that no one can say 'No' or dare challenge him."

Saudi authorities have not confirmed or commented on the detentions, which have not been covered by Saudi media. The media ministry has not responded to detailed requests for comment.

If Mohammed bin Salman, 34, succeeds his father, it will be Saudi Arabia's first generational transfer of power since the death of state founder Abdulaziz Ibn Saud in 1953, who was followed by six of his sons in succession.

The Allegiance Council, made up of one member from each house of 34 sons of Abdulaziz, is designed to ensure that the hundreds of princes that make up the royal family's next generation unite behind the new king.

The senior foreign diplomat said the detentions were another blow to the country's image abroad just as it appeared to be recovering from the furor over the 2018 killing of journalist Jamal Khashoggi and criticism of the Yemen war.

Crown Prince Mohammed previously detained senior royals and prominent Saudi businessmen in 2017 at Riyadh's Ritz-Carlton hotel, unnerving investors at home and abroad. More recently, it seemed those days of unpredictability had been put to rest as Riyadh assumed this year's presidency of the Group of 20 major economies.

a person sitting at a table in front of a curtain: Saudi King Salman bin Abdulaziz reads a document at the Royal Palace, in Riyadh.© Reuters/SAUDI ROYAL COURT Saudi King Salman bin Abdulaziz reads a document at the Royal Palace, in Riyadh.

ROYAL DISCONTENT

When sources initially described the latest detentions in recent days, several of them said the detained princes had been accused of plotting a coup to thwart Mohammed's accession. However, some of those sources, and others who later spoke about the detentions, have since offered milder justifications, describing the arrests as a response to an accumulation of misbehavior rather than a plot against the crown prince.

Two sources used the same phrase, saying the princes were being warned with a "twist of the ear" to stop criticizing the crown prince.

While hosting traditional gatherings known as majlis, Prince Ahmed had raised questions about the crown prince's stance on several issues, including a U.S. plan for the Israeli-Palestinian conflict, one of the sources said.

There was no way to contact Ahmed or the other princes to comment on the allegations. Sources said he returned from a trip abroad the night before he was detained.

Ahmed on Saturday asked his family to deliver his bisht, a traditional coat worn at formal occasions, suggesting he might soon make a public appearance, said two sources including one with royal connections.

Saudi insiders and Western diplomats say the family is unlikely to oppose the crown prince while the king is alive, and the monarch would not turn against his favorite son, to whom he has delegated most responsibilities of rule.

The recent detentions sparked speculation about the health of 84-year-old King Salman, but sources have said he remains mentally and physically sound. State TV on Sunday aired a clip of him accepting oaths of office from two new Saudi ambassadors.

Mohammed bin Nayef's brother Saud and Saud's son, Interior Minister Prince Abdulaziz, who were both rumored to have been among those detained, also appeared conducting official business in photographs published by state media on Sunday.

Royals seeking to change the line of succession have viewed Prince Ahmed as a possible choice who would have support of family members, the security forces and some Western powers, sources have said.

The other two members of the Allegiance Council who opposed Mohammed bin Salman becoming crown prince in 2017 are younger and less prominent than Ahmed. One of them lives abroad.

"Disgruntlement was gathering around him (Prince Ahmed) and he was letting it happen," said the fourth source with royal connections.

Critics have questioned the crown prince's ability to lead after the 2018 murder of Khashoggi by Saudi agents and an attack last year on a Saudi oil facility, the sources said.

Some royals became disaffected after Prince Mohammed reigned in traditional largesse for many family members, heavily restricted their movements and replaced their security details with guards who report to him.

Mohammed bin Nayef's movements have been heavily controlled and monitored since 2017.

Ahmed has kept a low profile since returning to Riyadh in October 2018 after 2-1/2 months abroad, when he appeared to criticize the Saudi leadership while responding to protesters outside a London residence chanting for the Al Saud's downfall. Saudi watchers say there is no evidence he wants the throne.

The second source with royal connections said the crown prince may have wanted to clear his path before the U.S. presidential election, fearing that a loss by Donald Trump could affect his standing.

The foreign diplomat said he may have moved against his uncle and cousin out of an abundance of caution, fearing that "the Americans might one day turn to them".

 

 

 

 

 

 

 

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21 minutes ago, nuckin_futz said:

Yeah great news for all the shale producers who'll be driven out of business.

 

MAGA

Hard to be a consumer when you don’t have an income 

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Posted (edited)
5 minutes ago, Canorth said:

Hard to be a consumer when you don’t have an income 

Tax cuts and stimulus cheques anyone?

Edited by nuckin_futz

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image.png.80ae731f3e1908a6e67ef482650d6747.png

 

Dear CBC, please do research before writing headlines lol

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33 minutes ago, Canorth said:

Another one...

 

 

Seems like a job for Jared, now that he has brought peace to the Middle East, he can broker a deal between the Russians and Saudis.

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44 minutes ago, Canorth said:

Another one...

 

 

Does that idiot not realize how much oil the United States sells

37 minutes ago, nuckin_futz said:

Yeah great news for all the shale producers who'll be driven out of business.

 

MAGA

Exactly

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47 minutes ago, Canorth said:

Another one...

 

 

Great news for those that will still have jobs after DT is done with the economy. 

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2 minutes ago, Ryan Strome said:

Does that idiot not realize how much oil the United States sells

Exactly

He does, but he doesn't want anyone else to find out.

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14 minutes ago, Shift-4 said:

image.png.80ae731f3e1908a6e67ef482650d6747.png

 

Dear CBC, please do research before writing headlines lol

How the hell did they get that? Did they just take the weekend off and not pay attention? 

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30 minutes ago, Russ said:

I find it funny people want to blame all this on each other. Not like this is in any of our politicians control. Like what's Trudeau supposed to do? Go tell Putin and Saudis to stop sinking the oil prices? Stuff out of his control I'm just hoping they can figure stuff out and find a way to weather this storm and keep Canada afloat and dont sink us further

He's not gonna do anything, same as any other politician not in Russia or SA>

 

he's gonna take it.  But it's not his fault.  he just better understand the knives are out, so should any other leader that will feel this hit

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5 minutes ago, nuckin_futz said:

He does, but he doesn't want anyone else to find out.

I get that he wants to look like he's standing up for the little guy but honestly fuel prices might drop 5 or 10 cents but his economy will take a much much bigger hit. Also on top of that there may be massive job losses coming his way so maybe he should get some advice from advisers before he makes a stupid tweets

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1 minute ago, Warhippy said:

He's not gonna do anything, same as any other politician not in Russia or SA>

 

he's gonna take it.  But it's not his fault.  he just better understand the knives are out, so should any other leader that will feel this hit

That's what I meant, what would people on the right expect him to do in this situation.  I know he's gonna get crapped on for letting this happen and have our economy get a big blow but nothing he can do about it. It is what it is. 

 

Like I said hopefully he can find a way to keep the countries head above water for the sake of everyone. 

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4 minutes ago, Russ said:

That's what I meant, what would people on the right expect him to do in this situation.  I know he's gonna get crapped on for letting this happen and have our economy get a big blow but nothing he can do about it. It is what it is. 

 

Like I said hopefully he can find a way to keep the countries head above water for the sake of everyone. 

Good luck with that.

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2 minutes ago, Ryan Strome said:

I get that he wants to look like he's standing up for the little guy but honestly fuel prices might drop 5 or 10 cents but his economy will take a much much bigger hit. Also on top of that there may be massive job losses coming his way so maybe he should get some advice from advisers before he makes a stupid tweets

He doesn't listen to advisors. That's why he's on his 4th Chief of Staff.

 

Massive layoffs in red states is not a good thing for him. It's not like the layoffs will be coming in California or Massachusetts.

The Balken is Nebraska and North Dakota. Marcellus is Penn, Ohio (Rust Belt), Eagle Ridge is Texas and LA.

 

That's why he has to fool people that it's actually a positive. Nothing positive about this.

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3 minutes ago, Russ said:

That's what I meant, what would people on the right expect him to do in this situation.  I know he's gonna get crapped on for letting this happen and have our economy get a big blow but nothing he can do about it. It is what it is. 

 

Like I said hopefully he can find a way to keep the countries head above water for the sake of everyone. 

You'll have to excuse me.  I'm a little scared at where this is headed.  This could shatter Alberta who has based its budget on austerity measures but based them on last years potential oil prices.  Canadian debt on the personal level is in the top 5 world wide, Canadian business debt in the top 10.  Our housing prices are in the top 5 for most over valued and in line for a correction.

 

This could be the signal that the axe will fall.  He's the guy in the chair right now.  the same way the NDP was in Ontario when NAFTA kicked Ontario's butt in the 90s or the same way Obama was when the US got shell shocked between 08 and 11

 

Leaders don't tend to survive very well under such duress.  Not much of it is his fault.  No leader can cope with world economic forces but he's in the chair so he's the outlet for what will be a lot of anger.

 

But looking at these markets....damn.  If a person isn't worried I don't know what they're watching

 

 

Screen Shot 2020-03-09 at 8.59.24 AM.png

Screen Shot 2020-03-09 at 9.05.07 AM.png

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3 minutes ago, nuckin_futz said:

He doesn't listen to advisors. That's why he's on his 4th Chief of Staff.

 

Massive layoffs in red states is not a good thing for him. It's not like the layoffs will be coming in California or Massachusetts.

The Balken is Nebraska and North Dakota. Marcellus is Penn, Ohio (Rust Belt), Eagle Ridge is Texas and LA.

 

That's why he has to fool people that it's actually a positive. Nothing positive about this.

This will effectively break the NE for Trump if it goes as far south as it looks like it may.

 

There MAY be some saving grace in that he has convinced some small level of manufacturing back to the US during the COVID shut down in China but...

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Posted (edited)
24 minutes ago, Warhippy said:

This will effectively break the NE for Trump if it goes as far south as it looks like it may.

 

There MAY be some saving grace in that he has convinced some small level of manufacturing back to the US during the COVID shut down in China but...

I think Trump's biggest problem right now is his administration's virus response. They had a 4-5 week head start to get prepared while it spread in China and they do not seem even remotely prepared.

 

I can see Bloomberg blanketing the country with ads showing people who can't get tests, people dying while Trump plays golf. Pretty hard to defend that. All the while he'll be babbling about Hunter Biden.

Edited by nuckin_futz

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