This segment examines the political stability of Saudi Arabia, with Jimmy and his guest, retired U.S. Army Colonel Lawrence Wilkerson, arguing that domestic unrest or a Houthi advance could pose a greater threat to the Saudi government than Iran. The conversation focuses on Crown Prince Mohammed bin Salman, the Saudi war in Yemen, reported U.S. decisions not to provide direct assistance to Saudi Arabia against the Houthis, and allegations that Saudi leadership is unpopular and vulnerable to internal opposition.
The discussion then broadens to the possibility of revolutionary upheaval across the Gulf, the lack of democratic institutions that could replace existing monarchies, and the potential for instability to strengthen Iran’s regional position. The segment concludes with a discussion of de-dollarization, China’s efforts to challenge the dollar-centered financial system and SWIFT, possible changes to how oil is denominated, and the speakers’ prediction that a major shift away from the dollar could have severe consequences for the U.S. economy.
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