I’ve written previously about the Kushner family’s attempts to shore up their precarious finances by extorting fees from low-income tenants and selling green-cards to Chinese investors. As Bloomberg reported in August, the Kushners are desperately seeking cash to save their heavily-mortgaged Manhattan skyscraper as balloon payments come due over the next two years.
Last week, Kushner took an unannounced trip to KSA:
President Donald Trump’s son-in-law and senior adviser Jared Kushner returned home Saturday from an unannounced visit to Saudi Arabia — his third trip to the country this year.
Kushner left Washington, D.C., via commercial airline on Wednesday for the trip, which was not announced to the public, a White House official told POLITICO. He traveled separately from Treasury Secretary Steven Mnuchin, who led a delegation to Riyadh last week to focus on combating terrorist financing. [...]
The White House official would not say who Kushner met with in Saudi Arabia. But he has cultivated a relationship with the crown prince, Mohammad Bin Salman, who, like Kushner, is in his 30s. — www.politico.com/...
Saudi Arabia has, for the past two years, been waging a brutal bombing campaign against Yemen which has caused thousands of civilian deaths. This war is widely believed to be Mohammed Bin Salman’s [MBS] project, though the war is broadly supported in Saudi Arabia across factions. For example, Prince Alwaleed bin Talal promised to reward Saudi air force pilots with Bentleys when they returned from bombing raids.
Sadly, our government has actively supported the Saudi war in Yemen, providing weapons (including cluster bombs) and operational support. Hundreds of children have been killed by these weapons, thousands have lost limbs. Many of you saw the heart-rending pictures of a young toddler who had lost four of her fingers, staring at the intact hand on her doll.
Then yesterday, the crown prince, Mohammad Bin Salman, engineered a palace coup, arresting dozens of his own uncles and cousins.
A midnight blitz of arrests ordered by the crown prince of Saudi Arabia over the weekend has ensnared dozens of its most influential figures, including 11 of his royal cousins, in what by Sunday appeared to be the most sweeping transformation in the kingdom’s governance for more than eight decades.
The arrests, ordered by Crown Prince Mohammed bin Salman without formal charges or any legal process, were presented as a crackdown on corruption. They caught both the kingdom’s richest investor, Prince Alwaleed bin Talal, and the most potent remaining rival to the crown prince’s power: Prince Mutaib bin Abdullah, a favored son of the late King Abdullah. — www.nytimes.com/...
Another prince died along with several officials as his helicopter crashed near the Yemeni border.
Now, here’s where it gets interesting. Prince Alwaleed bin Talal had sparred with Trump during and after the election. His Kingdom Holding Company is a major investor in Twitter and Apple. He was one of the people arrested.
“The king and crown prince’s recent public statements regarding the need to build a moderate, peaceful and tolerant region are essential to ensuring a hopeful future for the Saudi people, to curtailing terrorist funding, and to defeating radical ideology — once and for all — so the world can be safe from its evil,” the White House said in the statement.
The White House statement made no mention of the scores of arrests, including that of Prince Alwaleed bin Talal, a billionaire investor who has held stakes in an array of Western companies, including the News Corporation, Citigroup and Twitter. Prince Mohammed, who has already sidelined rivals to the throne, is viewed as the mastermind behind the crackdown.
Prince Alwaleed sparred with Mr. Trump on Twitter during the presidential election, referring to him as a “disgrace not only to the GOP but to all America.” Mr. Trump fired back, also on Twitter, that he was a “dopey prince” trying to “control our U.S. politicians with daddy’s money.” — www.nytimes.com/...
If Kushner was in Saudi Arabia to bless the impending palace coup by MBS, then the Trumps and Kushners can expect rich rewards in the years to come. If MBS can ascend to the throne and diminish the competition, he will control a state-owned oil company that is valued at $2 Trillion and about to go public this year. Yes, that’s Trillion with a T.
Even without the money raised from an IPO, Saudi Aramco produced almost 4 billion barrels of crude oil in 2016. At $50 a barrel, that’s $200 billion in sales each year, the vast majority of it profit. Those numbers are staggering. Saudi Aramco’s annual profits exceed the total net worth of the richest person in the world.
Let’s just say that becoming the King of Saudi Arabia makes you an extremely wealthy person. It makes you even wealthier if you can imprison some of your relatives and confiscate their assets in a “anti-corruption drive”.
And when you have consolidated all this power and wealth, you aren’t going to forget the friends who helped you make it happen will you? Friends with last names like Kushner and Trump? What’s a $5 billion loan or a $10 billion construction contract among friends?
So what can you do as the Trump/Kushner kleptocracy tries to milk every dollar it can out of its days in elected office? You can get out and vote. And you can help get out the vote. I’ve been doing that every day this week and have multiple people tell me they are thankful for the reminder because they didn’t know there was an election on Tuesday, November 7.