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Sleeping With the Devil:
According to Robert Baer, the center of the global economy is a "kingdom built on thievery, one that nurtures terrorism, destroys any possibility of a middle class based on property rights, and promotes slavery and prostitution." This kingdom also sits on one quarter of the world's oil reserves, thus ensuring that it receives the full support and protection of the U.S. government. Sleeping With the Devil details the hypocritical and corrupt relationship between the U.S. and Saudi Arabia and the potentially calamitous economic consequences of maintaining this Faustian bargain.As Baer makes clear, the U.S. has been aware of problems within the bitterly divided Al Sa'ud family for years, but has ignored the facts in order to keep lucrative business deals afloat. (The amount of money the royal family spends to influence powerful American politicians and lobbyists is staggering.) Particularly damning are his details regarding Saudi Arabia's support of militant Islamic groups, including al Qaeda. The ruling family funnels millions of dollars to such groups in order to dissuade them from overthrowing the monarchy--a protection scheme that is shaky at best, given the hatred most citizens feel for the ruling family. To prevent economic disaster that could come from either a local uprising or an interruption in the flow of oil due to terrorism, Baer raises the possibility of the U.S. seizing the Saudi oil fields and forcing a regime change on its own terms: "An invasion and a revolution might be the only things that can save the industrial West from a prolonged, wrenching depression," he warns.
Baer spent 21 years with the CIA, much of it in the Middle East, so he is an informed guide to this complex subject. His alarming book deserves to be read for raising many important and troubling questions. --Shawn Carkonen [via]