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Nixon cut a deal with King Faisal of Saudi Arabia in the 70s (after the oil embargo). The US would protect the Al-Saud kleptocracy, and in exchange the Saudis w
by fmajid 6y ago
Nixon cut a deal with King Faisal of Saudi Arabia in the 70s (after the oil embargo). The US would protect the Al-Saud kleptocracy, and in exchange the Saudis would invest their money in America.
- blaser-waffle 6y agoApropos of Saudi, one of the big BTC spikes was correlated to be when MBS took over and started cracking down on rivals and dissidents. Whole lotta folks turned to BTC to get cash out of the country and then GTFO. Similar trends with Xi's anti-corruption campaign in China.