I recently wrote an article for Wealth Daily on the threat of the Saudi government to dump U.S. assets if legislation is passed that would enable Saudi officials to be held liable for the 9/11 attacks.
This article focused on the fact that the House of Saud has far more to lose than does the U.S. While I think the U.S. dollar will slowly lose its status as the world’s reserve currency, it isn’t the Saudis who will do it.
If any foreign governments can take down the dollar, it is the Chinese and Japanese, but it isn’t really in their perceived best interest to do so right now. If anything, it will be the market participants in global trade slowly realizing that they don’t need to use the U.S. dollar as a middleman.
Now I want to get a little deeper into the political ramifications of possible Saudi funding of the 9/11 attackers. This is already an interesting story in which the Saudis are being implicated. It is an interesting story just because it is a story.
This has actually received coverage on 60 Minutes, as well as some cable news. Of all people, Rudy Giuliani has been discussing it, and he isn’t dismissing it as a crazy conspiracy.
But if the Saudi government (or any other Saudis) really were involved in the 9/11 attacks, it all of a sudden calls Bush and Obama and others at high levels in the U.S. government into question.
The 28 pages from the 9/11 Commission Report have been hidden this whole time. Obviously Bush (and subsequently Obama) knew what was in there. If the 28 pages directly implicate the Saudi government in helping to fund or plan the 9/11 attacks, then why didn’t they allow this information to be released? And even better, why have they continued to fund and support the Saudis?
The absolute best-case scenario is that they didn’t want to damage relations with the Saudis in order to maintain their support for the U.S. government’s ongoing interactions in the Middle East. And that best-case scenario is pretty bad.
The main justification for starting wars and occupations in the Middle East is terrorism, and the 9/11 attacks in particular. So why is the government going after Afghanistan and Iraq (and others) when the Saudis actually did help commit the atrocities of 9/11?
It would be bad enough that the families of the 9/11 victims don’t get justice by having the perpetrators who are still alive be held responsible. It becomes even worse knowing that the White House knew the Saudis were partially responsible and then used this to start wars in other countries.
All of a sudden, the 9/11 conspiracy theorists aren’t looking so crazy after all. If the White House knew that the Saudis helped fund (and possibly plan) 9/11, and then actually helped them evade being held liable, then it isn’t much of a step further to think that elements within the U.S. government knew the attacks were going to happen. Then it isn’t much of a step further to think that elements within the U.S. government helped with the attacks.
We can’t conclude anything with certainty at this time, but you can see where this is going. If those 28 missing pages from the report implicate the Saudi government (or others) in helping with the 9/11 attacks, it leads to a lot of other obvious questions. I don’t know if these questions will eventually be asked outside of websites and social media.
If the U.S. government is ever implicated in the 9/11 attacks and it is widely believed by the American people, this should really change public opinion. There will still be militarists who believe that we need to run the world, but a lot of people who are more ambiguous will turn against the government, at least on foreign policy.
Americans will still trust the government for their Medicare and their Social Security checks, but overseas wars and occupations will lose legitimacy quickly.
This gives us several reasons to hope that the full truth comes out in this matter.