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Some leaders in Saudi Arabia have voiced concerns about how
the U.S. handled Egypt, especially President Mubarak, during the 2011 Arab
Spring.[i]
As the popular uprising grew, the Obama Administration eventually suggested
that Mubarak step down.
Regardless of whether or not this was the right
approach, the sentiment among some Saudi and other Middle Eastern leaders goes
something like this: "If that's how the U.S. treats its allies, do we really
want to trust Washington for anything?"
Ironically, many in Israel are feeling
the same emotion.
Add to this the under-reported influence of Saudi investors
in major European and U.S. businesses and banks, and this trend may be the most
impactful in years to come.
Western economic dependency on Middle East oil is
well known, but the bigger danger may come from direct investment in businesses
and banks.
If massive sums of Petro Dollars were pulled from Western banks, for
example, the term "too big to fail" would take on a whole new meaning.
[i] Meet the Press, December 25, 2011
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Social Leader Daily by Oliver DeMille
