More Turmoil In Petrodollar Land: Billionaire Prince Alwaleed bin Talal’s Whereabouts Unknown

With two princes already dead from the Saudi Purge, the US mainstream media is now questioning the whereabouts of Prince Alwaleed…

Several days ago there was a report out of the UK that Prince Alwaleed was hung upside down and beaten to “send a message.

Here’s the main points:

  • Source in Saudi Arabia says American private security contractors are carrying out’interrogations’ on princes and billionaires arrested in crackdown
  • Detained members of Saudi elite have been hung by their feet and beaten by interrogates, source says
  • Among those hung upside down are Prince Alwaleed bin Talal, an investor worth at least $7 billion who is being held at Riyadh’s Ritz Carlton
  • Arrests were ordered three weeks ago by Crown Prince Mohammed bin Salman
  • Source claims mercenaries are from ‘Blackwater’, a claim also made by Lebanese president
  • But its successor firm denies it has any operations in Saudi Arabia whatsoever and says its staff abide by U.S. law
  • Americans who commit torture abroad can be jailed for up to 20 years

Fast forward to just today, and the NYT is calling it a “mystery” that the prince’s whereabouts are unknown.

While not going so far as saying he was hung upside down and beaten, questions are brewing in the United States mainstream media:

It has been more than three weeks since Prince Alwaleed bin Talal, the most prominent investor in Saudi Arabia, was arrested on a Saturday night as part of the sweeping detention of several dozen elites. Since then, he has been holed up inside the Saudi version of prison for the ultrawealthy: the Ritz Carlton hotel in Riyadh, about a 10-minute drive from the prince’s home.

He hasn’t been heard from, nor have any charges against him been made public.

Because he was the longtime public face of finance for Saudi Arabia, Prince Alwaleed’s arrest — and the lack of transparency around what has happened to him — is causing increasing consternation among his various business partners and in much of the Western business community.

His arrest has also created a sense of uncertainty among investors about whether to do business with Saudi Arabia and, by extension, could affect some of its partners, like Masayoshi Son’s $100 billion SoftBank fund, in which the kingdom holds a 45 percent stake. It could also affect the highly anticipated public offering of the state-owned oil company, Aramco, planned for next year.

Here’s an interview conducted earlier this month with Jim Willie discussing the death of the petro-dollar, the oil-for-gold contract, and the Saudi Purge:


And then there’s the whole Mandalay Bay connection, which is a whole other can of worms…


 

About the Author

U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.

Paul’s free book Gold & Silver 2.0: Tales from the Crypto can be found in the usual places like Amazon, Apple iBooks & Google Play, or online at PaulEberhart.com. Paul’s Twitter is @Paul_Eberhart.

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