You know things are bad in Saudi Arabia when one of its princes, and son of the state’s founder, is openly calling for a coup to displace the current King. This isn’t just some ambitious power play either, Saudi Arabia is an unmitigated disaster. I’ve repeatedly pointed this out, and also predicted regime change on several occasions.
For example in the post, The Great Wall of Saudi – Feudal Desert Kingdom to Build 600-Mile Wall to Protect from ISIS, I wrote:
I believe that the recent drop in oil prices puts the current leadership in Saudi Arabia under a significantly higher threat of “regime change” over the next several years. In fact, I’d be surprised if the current status quo continues beyond 2020. While many have noted that the Gulf states are in a good position to ride out the recent price collapse due to massive FX reserves, these reserves can go much faster than expected. Particularly when you need to consistently bribe your own citizenry and build enormous walls on your northern and southern borders.
It appears this rebel prince can see the writing on the wall, and is wisely trying to diffuse the situation before they are all removed unceremoniously by non-royals.
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