(Excerpted from Chapter Five: Persian Gulf Rent-a-Sheik: Big Oil & Their Bankers…)
Recent destabilization campaigns against the Qaddafi government in Libya and now targeted at the Assad government in Syria, have been spearheaded by Persian Gulf monarchies whose interests have always been more aligned with those of Western bankers and multinationals than with the aspirations of the Arab people.
The elite single families who rule the six Gulf Cooperation Council (GCC) nations – Saudi Arabia, Kuwait, Qatar, Bahrain, United Arab Emirates and Oman – are heavily invested in Western economies. High volume crude oil production keeps this investment capital flowing to Wall Street while allowing the GCC elites to live opulent lifestyles. Read the rest of this entry »